Silver Eagle Sales Down Year over Year in January
Slowing demand likely caused by excessive premiums resulting from last year’s supply chain and production problems
US Mint
Transitioning to Gold Backed Digital Currencies for Trade Settlements
The global economy is shifting back towards some form of a gold standard while the Federal Reserve is piloting various CBDC projects, new legislation introduced in Congress to block the Fed from issuing individual accounts
US Mint Struggles while Perth & the Royal Mint Shine
Both the Perth Mint and the Royal Mint have announced huge increases in year over year sales of precious metals.
BRICS, Central Bank Gold and Oil
Days after Nixon resigned in 1974, President Ford signed legislation reversing Roosevelt’s executive order banning private gold ownership.
Modern History of Silver Coins in the US Economy
Precious metals coins have been found by archaeologists and historians that date back thousands of years. Historians and archaeologists from around the world have unearthed precious metal coins from cultures that vanished long ago. Many notable examples from China, India, Ancient Greece and Egypt are on display in museums. Silver, Gold and other precious metals … Read moreModern History of Silver Coins in the US Economy
NY Federal reserve launches CBDC “trial” on the heels of FTX collapse
Several weeks ago, the New York Federal Reserve quietly launched a 12 week long trial of a CBDC “digital dollar” pilot program in partnership with global banking giants like Citigroup Inc, HSBC Holdings Plc, Mastercard Inc and Wells Fargo & Co. The NYFR describes the project as an attempt to test the feasibility of using … Read moreNY Federal reserve launches CBDC “trial” on the heels of FTX collapse
A-Mark/JM Bullion acquires BGASC
On August 30, A-Mark announced that their JM Bullion subsidiary had entered into an agreement to buy online bullion dealer BGASC for $4.5 million in cash. BGASC was founded in 2012 in California and has reported more than 70,000 customers and $200 million in annual revenue. BGASC is an abbreviation for Buy Silver and Gold … Read moreA-Mark/JM Bullion acquires BGASC
US Mint Halts Production of 2022 Morgan Dollar and Peace Dollar Coins
The US Mint has announced a pause in the production of the new Morgan and Peace dollar coins. The suspension of sales and production is a result of supply chain constraints brought on by the pandemic. The Mint has stated previously that they have been having difficulty procuring silver planchets to meet demand and production … Read moreUS Mint Halts Production of 2022 Morgan Dollar and Peace Dollar Coins
What Is COMEX?
COMEX is a commodities futures exchange where the supply of future raw materials and other goods is traded for delivery in the future. KEY HIGHLIGHTS COMEX is an electronic trading platform that allows investors and brokers to trade futures contracts on a variety of consumable resources, both man-made and natural. Oil, pork bellies, orange juice … Read moreWhat Is COMEX?
Is Owning Precious Metals Legal?
On April 5, 1933 President Franklin Roosevelt signed Executive Order 6102 which outlawed the private ownership of gold by citizens.
For a duration lasting 41 years in the mid-20th century, the government made it a crime for the people to own, hold or transact in sound money.
Following the resignation of Nixon, one of the first laws signed by President Ford included a bill which reversed Roosevelt’s Executive Orders.
It has been legal for anyone to own, hoard, buy and sell gold in the United States since December 1, 1974.