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Upcoming Release Date for the 2023 Palladium American Eagle

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The American Palladium Eagle is a palladium bullion coin issued by the United States Mint. It was authorized for production under the American Eagle Bullion Program through the passage of the American Eagle Palladium Bullion Coin Act of 2010, which was signed into law by President Barack Obama on December 14, 2010.

The obverse (front) of the coin features a high-relief depiction of the iconic “Winged Liberty” design, commonly known as the Mercury Dime design. This design was originally created by Adolph A. Weinman in 1916 and was used on the Mercury Dime until 1945. The reverse (back) of the coin showcases a detailed image of an American bald eagle perched on a rock, designed by Thomas D. Rogers.

The American Palladium Eagle has a face value of $25, indicating its legal tender status in the United States. It contains one troy ounce of .9995 fine palladium, making it a pure investment-grade palladium coin.

Its mintage levels vary from year to year, with production numbers announced by the United States Mint annually. The annual mintage figures are published regularly and aggregated in our Palladium Eagle Mintage History Chart.

For 2023, the US Mint has decided to release only the Burnished Palladium Eagle with an uncirculated finish. The coin is minted at the West Point Mint and is geared towards collectors. According to the Mint, no bullion version will be available this year.

The American Palladium Eagle is popular among both collectors and investors. Its unique design, high purity, and limited mintage contribute to its desirability. Palladium is a precious metal with various industrial uses, and the demand for palladium has grown over the years due to its applications in technology, automotive catalytic converters, and other industries.

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US Mint Updates 2023 Product Release Schedule

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The United States Mint releases a large variety of numismatic and bullion coins each year. Some of the coins are commemorative issues that are based upon various cultural themes.

The product release schedule is updated periodically as materials and production capacity adjustments are made. The Mint has provided an update to its 2023 numismatic products launch schedule through the end of November.

The sales launch schedule for the remainder of the year follows.

  • Aug. 9: Proof 2023-S Morgan dollar.
  • Aug. 9: Proof 2023-S Peace dollar.
  • Aug. 9: Proof 2023-S Peace dollar.
  • Aug. 10: Proof 2023-W American Liberty gold $100 coin.
  • Aug. 10: Proof American Liberty 1-ounce silver medal struck at the Philadelphia Mint without Mint mark.
  • Aug. 14: Matte Finish Andrew Johnson Presidential silver medal.
  • Aug. 15: 2023 American Women, Jovita Idar quarter dollars, circulation quality, in bags and rolls, including two-and three-roll sets.
  • Aug. 22: 2023-S Silver Proof set.
  • Aug. 24: Five individual 2023 American Women quarter dollar ornaments.
  • Aug. 28: 2023 American Innovation, Mississippi dollars in bags and rolls.
  • Sept. 7: Uncirculated 2023-W American Palladium Eagle $25 coin.
  • Sept. 11: Matte Finish U.S. Marine Corps 1-ounce silver medal.
  • Sept. 29: Mighty Minters 2023 ornament with 2023-P Native American, Maria Tallchief dollar.
  • Sept. 29: United States Mint 2023 ornament with 2023-P Native American, Maria Tallchief dollar.
  • Oct. 2: Ulysses S. Grant Presidential silver medal without Mint mark from San Francisco Mint.
  • Oct. 10: Proof 2023-S American Eagle 1-ounce silver dollar.
  • Oct. 23: American Women, Maria Tallchief quarter dollars in bags, two-roll and three-roll sets.
  • Oct. 26: Four-coin 2023-S American Innovation $1 Proof set.
  • Nov. 9: Four-coin 2023-S American Innovation $1 Reverse Proof set.
  • Nov. 14: Two-coin 2023-S Morgan and Peace dollar silver Proof set.
  • Nov. 28: 2023-S Limited Edition Silver Proof set.

Products with no specific sales date:

  • 2023 Uncirculated Coin set, containing 10 coins each from the Philadelphia and Denver Mints.
  • U.S. Marine Corps 1-ounce bronze medal.
  • One expected product is currently not on the current schedule:

Many of the products are in the Mint’s subscription program, with orders accepted now. Customers should review the Mint 2023 products catalog for details on what products are available by subscription.

Two other offerings have both been giving “TBD” launch dates in the Fall. Those include the United States Marines bronze medal and 2023 Uncirculated Coin set.

The schedule is posted on the US Mint website.

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What are US Mint Pre-1933 Gold Coins?

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In the realm of numismatics, pre-1933 gold coins hold a special place. These gleaming pieces of history are valuable precious metal assets and windows into a fascinating era. With their unique designs, historical significance, and rarity, Pre-1933 US Gold Coins offer collectors and investors a glimpse into the past and a tangible connection to the stories of our ancestors. This article will delve into Pre-1933 US Gold Coins, discussing their historical significance, investment potential, and the difference between “Raw” and “Graded” coins.

What are US Mint Pre-1933 Gold Coins?

Pre-1933 US Gold Coins have an important position in US history and are strongly tied with the Gold Seizure that occurred in the early 1930s. This incident, also known as the Gold Confiscation, marked a watershed moment in the country’s monetary policy and had a long-lasting impact on how the government and its citizens viewed gold.

These coins are available in various values and designs, each representing a distinct epoch in American history. Some famous examples include the 10 Gold Eagle, 20 Gold Double Eagle, Liberty Gold Coin, Incuse Gold Indian, 2.50 Gold Coin, and 5 Half Eagle Gold Coin. These coins were widely used as currency during their time of circulation. Each denomination carries its own unique characteristics and historical context. For example, the $20 Double Eagle is the largest denomination, while the $2.50 Quarter Eagle is the smallest.

Are Pre-1933 Gold Coins Valuable?

Pre-1933 US Gold Coins are highly valued for several reasons. Firstly, their gold content gives them intrinsic value based on the current price of gold. Gold has long been considered a haven asset and a store of value, which makes these coins inherently valuable from an investment standpoint.

Additionally, these coins’ scarcity and historical significance contribute to their worth. The US government recalled most gold coins in 1933 as part of a national effort to stabilize the economy during the Great Depression. As a result, many of these coins were melted down, making the surviving specimens even rarer and more desirable among collectors and investors.

Do Pre-1933 Gold Coins Have Numismatic Value?

In addition to their intrinsic gold value, Pre-1933 US Gold Coins often have numismatic value. Numismatics is the study and collection of coins, and numismatic value refers to the worth of a coin based on factors such as rarity, condition, historical significance, and desirability among collectors.

Certain Pre-1933 US Gold Coins, especially those in excellent condition or with unique features, can command premiums far beyond their gold content. For example, coins with low mintages, coins from specific years or mints, or coins in exceptional states of preservation may have a numismatic value that exceeds their bullion value. The numismatic market for these coins is robust, with collectors and enthusiasts eager to acquire these pieces of history.

How to Invest in Pre-1933 Gold Coins?

Investing in Pre-1933 US Gold Coins can be thrilling and potentially lucrative. If you’re thinking about adding these currencies to your investment portfolio, bear the following points in mind:

Educate Yourself

Learn about the many sorts of US Mint Pre-1933 Gold Coins, their historical significance, and the variables that influence their value. This knowledge will allow you to make more informed judgments when purchasing coins.

Determine Your Budget

Set a budget that aligns with your investment goals and financial capabilities. Pre-1933 US Gold Coins can range in price, so it’s essential to establish a precise spending plan. Many online bullion dealers offer a random year selections based on available inventory. Many can also offer encapsulated coins that are authenticated by third-party grading services that can be purchased by its grade.

Choose a Reputable Dealer

When purchasing Pre-1933 US Gold Coins, working with a trusted and reputable dealer specializing in gold coins is vital—research dealers’ credentials, reviews, and track records before making any transactions. FindBullionPrices.com tracks gold coin prices from dozens of trusted and reputable online bullion dealers to help you find the absolute best prices.

Authenticity

Ensure that any coins you buy are genuine and authentic. Be cautious of counterfeit coins and buy from reputable dealers or auction houses with a record of dealing in rare coins.

Condition

Consider the state of the coin. Coins in better condition generally command higher prices, especially in the numismatic market. However, balancing need and affordability is essential, as pristine examples can be significantly more expensive.

Diversification

Diversification is essential in any investment. To spread your risk and maximize your profits, consider amassing a diversified collection of Pre-1933 US Gold Coins, including different denominations and varieties.

Storage and Security

Properly store and secure your investment. Pre-1933 Gold Co Pre-1933 US Gold Coins ins should be kept in a secure location, such as a safe or a bank safety deposit box, to protect them from theft or damage.

What is the difference between “Raw” & “Graded” Gold coins?

When discussing Pre-1933 US Gold Coins, you may come across the terms “raw” and “graded” to describe their condition and authenticity.

Raw gold coins are coins a professional coin grading service has not officially graded. These coins are typically bought and sold based on their bullion content, historical significance, and overall appearance. Raw coins may vary in condition, and their value is often subject to the buyer’s interpretation and the market’s sentiment.

Graded gold coins, on the other hand, have passed a thorough review process by expert coin grading agencies. Before providing a grade on a specified scale, these agencies evaluate a coin’s quality, authenticity, and other characteristics. The Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC) are two of the most well-known grading firms.

Graded coins are encased in a protective plastic holder known as a slab, which displays the coin’s grade and other relevant information. The grading procedure gives the coin’s condition legitimacy and transparency, making it easier for buyers and sellers to establish its value.

While raw coins offer more flexibility in pricing and personal interpretation, graded coins provide a standardized assessment and greater confidence in a coin’s authenticity and condition.

Pre-1933 US Gold Coins combine historical relevance, intrinsic worth, and numismatic appeal. Their gold content, rarity, and age add to their value, making them an appealing investment option for gold and numismatic enthusiasts. Investors can explore the potential rewards of owning these magnificent pieces of American history by knowing the market, interacting with trustworthy dealers, and considering issues such as coin condition and storage. Pre-1933 US Gold Coins are tangible memories of a bygone period, whether for their gold investment potential or numismatic worth.

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American Palladium Eagles Mintage Chart

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American Palladium Eagle

The American Palladium Eagle is the United States Mint’s official palladium bullion coin. Palladium is a precious metal that is part of the platinum group family. It has the appearance of a soft silver-white metal and is the least dense of all platinum group metals.

The 1 troy ounce coin is minted with .9995 pure palladium.

The effigy portrait on the obverse is a beautifully sculpted portrayal of Lady Liberty as the “Winged Liberty”. A design that first appeared on the Mercury Dime.

The reverse portrays a determined eagle pulling a branch from a rock with his beak. Inscriptions are shown indicating the metal, purity and face value.

The series debuted in 2017. The first issue was released with a bullion finish. A proof finish version followed in 2018. In 2019, a highly sought after reverse proof stunned collectors. A burnished version was available to investors in 2020. In 2021, the mint produced the proof finish for the second time. The reverse proof returned in 2022.

For 2023, the mint has announced a limited release uncirculated (burnished) coin is expected to be released in the fall.

Mintage amounts in each year are significantly lower than other precious metal bullion coins. Investors that are looking for the best deal can often find random year Palladium Eagles at the lowest price.

Mintage YearMintage Amount
2017-W15,000
2018-W Proof14,986
2019-W Reverse Proof18,772
2020-W9,740
2021-W Proof8,700
2022-W Reverse Proof6,404
2023-W * TBD
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North Carolina joins Texas, Florida and South Dakota in Fight Against CBDC digital dollar

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A growing number of states are passing new laws in the fight against CBDC from being introduced by the Federal Reserve.

The Federal Reserve system is the country’s central bank. The system is comprised of regional banks that are responsible for the oversight of the privately run banks within its banking district. The regional banks were established by the Federal Reserve Act and have been self-managed by banking insiders that are selected from within their own ranks.

The Federal Reserve system is overseen by a Board of Governors. Each governor is nominate by the President and receives approval from Congress to serve a 14-year term.

Two of the recent bank collapses, Silicon Valley Bank (SVB) and First Republic Bank, both failed under the watch of the current management of the San Francisco Fed.

According to reports, it seems that the staff, which “include 29 PhD economists, an associate economist and an economic analyst, and 15 research associates who are recent graduates from colleges across the country”, may have been spending much of their time focuses on pursuing the DEI agenda instead of doing proper oversight of the banks within their districts.

While the dollar is quickly losing its status as the global reserve currency, actors from a consortium of government agencies are actively pushing the Federal Reserve to implement a digital dollar.

It’s believed that issuing a digital dollar will help restore some credibility with leaders from emerging economy central banks that has been lost due to the widespread weaponization of the currency against foreign governments and individual foreign citizens.

Treasury Under Secretary Nellie Wang has confirmed that a digital dollar implementation is being explored with wholesale CBDC options that include providers of stablecoins. However, the reality is that various CBDC projects have been underway within the Federal Reserve system since the start of the pandemic.

US banks are ramping up in anticipation for the introduction of the FedNow system later this year. Various government agencies actively deny that Fednow is related to CBDC implementation. However, the instant payment service could provide the underpinnings to support institutional transfers that incorporate near real-time settlement.

The ramifications FedNow will have on the remittance industry and the global abandonment of the dollar in favor of local currency trade agreements are being speculated on by industry analysts.

Earlier this year, legislators in Texas became the first to offer a solution against a federal CBDC by introducing legislation to create a state managed gold-backed digital currency.

Texas was also the first state to open a public gold depository where investors can securely vault their wealth.

Several more states are now throwing hats into the fray against a centrally controlled digital dollar.

This week, legislators in North Carolina pushed forward a law that would ban the state’s agencies and institutions from accepting any payments in central bank digital currency (CBDC).

Florida and South Dakota lawmakers are pushing similar legislation as Universal Commercial Code laws emerge as battleground to roadblock a national CBDC.

On Twitter this week, Presidential Candidate Robert Kennedy Jr announced his position against CBDC implementations, decrying that monetary freedom is as important as free speech. In his tweet he cites numerous examples of how Paypal, Visa, Mastercard and GoFundMe have all been weaponized against citizens by both the United States and Canadian governments during the pandemic.

The US economy continues to be hit with a wave of record high inflation. Some analysts see the Feds latest quarter point increase likely leading to period of stagflation across the economy, which had been suggested last year as a possibility by banking and hedge fund executives.

Low Premiums on Britannia and Philharmonic Silver Coins

Precious metals remain one of the few sectors of the economy that remains stable. Utilizing gold and silver as a store of value and wealth continues to motivate many investors.

Premiums for government minted silver coins remain relatively low despite the offerings from the US Mint. Britannia and Philharmonic silver coins remain some of the cheapest options available and are both favorites of stackers.

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Demand for Silver Eagles Spikes, Along with Premiums

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It’s become pretty indisputable that the economy is in the worst state that many Americans can remember since the 2008 financial crisis and the deep recession that followed.

As a result, investors are clamoring for gold and silver bullion like never before. Demand for government issued coins, like the American Silver Eagle and the Canadian Silver Maple Leaf have skyrocketed in recent weeks since the start of the banking crisis.

However, the US Mint continues to be slow and unable to meet demands, which has caused significant increases in recent weeks to a recent high of around 60% over spot price. Some dealers, such as APMEX and JM Bullion are currently showing premiums for silver eagles at over 88% above spot price.

The US Mint outsources the manufacturing of planchets, which are coin blanks that are pressed by the mint to produce the coins. Working only with a handful of select manufacturers that meet the requirements.

Disruptions to both global and domestic supply chains effecting precious metals continue to impact investors and industry.

The raw materials used to mint Silver Eagles must be sourced from domestic silver mines, as prescribed by law.

The Mint has been unable to meet demand since 2021 when more than 28 million coins were sold. While investor demand remained strong in 2022, the Mint was only able to produce around 16 million coins.

So far in 2023, the Mint has reported sales over more than 6 million coins. However, numerous reports state the mint shifted production in late 2022 to start producing coins for the current year, which is the main reason the Mint was able to report 3,949,000 coins sold in January.

Sales reports show only 900,000 coins being sold in each month of February and March which is far below the Mint’s production capacity.

In 2015, the Mint sold 47,000,000 Silver Eagle bullion coins, the highest on record.

Year 1 oz ASE bullion coins
201914,863,500 coins
202030,089,500 coins
202128,275,000 coins
202215,963,500 coins
2023
(4 months)		6,199,000 coins
Recent Years Sales and Mintage Totals of 1 oz Silver American Eagle coins

It’s pretty indisputable that the economy is in the worst condition many Americans have seen since the 2008 financial crisis and the deep recession that followed.

This time around, the economy has been wrecked by a record combination of prevailing events.

It began before COVID was even a thing in September 17, 2019.

Repurchase agreements, often referred to as “repos” are short term loans between banks and financial institutions. That morning, interest rates on overnight repurchase agreements more than doubled. By the end of the trading day the rates had increased by 500%.

The Fed responded to the crisis by injecting $75 billion PER DAY in new liquidity into the repo market for a week to prevent a collapse.

Once the rates began to stabilize, the Fed continued their daily injections of fresh liquidity into the repo market until October 10.

During that three week time period, some estimates put the total amount of liquidity injected by the Fed at over $500 billion.

A few months later, the Biden administration put the entire country into lockdown, effectively shutting down every sector of the economy, aside from companies like Amazon, Walmart and other select corporations deemed “critical”.

Rising inflation began to take hold as the Fed continued to print more money to fund the pandemic with stimulus checks and other government handouts.

To combat the inflation crisis, the Fed responded with multiple steep increases in key interest rates that come faster than has happened decades.

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2023 American Liberty Gold Coin and Silver Medal

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2023 American Liberty 1 oz Gold Coin

The United States Mint released images of the upcoming release of the American Liberty Gold Coin and Silver Medal.

The new 1 oz gold coin will be minted with .9999 fine gold with a nominal face value of $100.

The silver medal will be minted with one ounce of .999 fine silver. Both are schedule for release some time this summer.

These new designs from the mint emerge from the Artistic Infusion program led by Program Designers Elana Halger and John P. McGraw along with Chief Engraver Joseph Menna.

The American Liberty product line is a new high relief series that features modern interpretations of the Liberty theme on the obverse and depictions of the national bird on the reverse.

The gold coins will be minted at the West Point Mint. While the Philadelphia Mint will strike the silver medals. Each will have corresponding mint marks prominently on the obverse.

Both are part of the Mint’s program of American Liberty products. Commemorative coins and medals from the program are noted for their unique design where obverses (heads side) carry modern interpretations of Liberty and reverses (tails side) depict eagles.

The obverse shows a bristlecone pine, believed to be among the longest-lived life forms on Earth. In the Inyo National Forest in California is a tree referred to locally as the Methuselah Tree that is verified to be 4,854 years old. It is believed to be the oldest living thing on earth highlighting the resilience of this species to survive cataclysmic changes and repopulate the land in areas affected by lava flows and glacial runoffs.

The reverse depict a young bald eagle standing atop a rocky outcropping preparing to take flight.

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US Mint Struggles while Perth & the Royal Mint Shine

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Both the Perth Mint and the Royal Mint have announced huge increases in year over year sales of precious metals.

According to the Royal Mint, gold sales increased 25% above 2021, silver demand was up by 29%.

Earlier this month, the Perth Mint reported that gold sales were up 10% for the year, noting that there was a drop in demand during December.

The Perth Mint is owned by the government of Western Australia and it is reported to be the largest refiner of newly mined gold in the world.

Meanwhile, the US Mint has been struggling to keep up with demand from domestic silver investors.

Sales of Silver Eagles slumped in 2022 as demand continues to soar. This led investors to buy silver coins from Australia and England.

Why is the US Mint struggling to keep up with the demand from investors?

The US Mint outsources the production of blank silver planchets to private mints.

The Mint cancelled the commemorative 2022 Morgan & Peace silver $1 coin series due to issues with acquisition of raw materials.

The planchet manufacturers need to adhere to all legal definitions. The main one being that coins be minted from domestically mined sources.

The pandemic exposed a lot of problems with America’s supply chain. Many in the mining industry continue to worsen with inflation and looming recession.

Many of the top silver and gold mining operations in the United States all reported encountering various production delays throughout the last year.

Many of the top miners have reported delays and higher fuel costs associated with the transport of slurry concentrates from remote mine locations to refiners for further upstream processing and smelting.

The US Mint began outsourcing the production of planchets that are used to produce coins.

While the current list of suppliers is not readily available, Sunshine Minting and LeachGarner are two of the private mints that have had previous contracts with the Mint.

Most of the world’s largest and most capable precious metals processing companies are located outside the US, making it more difficult for the Mint supply chain.

Some of the ore extracted from domestic mines is handled by multinational corporations.

Many of the world’s leading refineries such as PAMP Suisse, Metalor, and Valcambi are based in Switzerland.

The Perth Mint and Royal Canadian Mint operate the largest and most advanced refineries in the world.

Why is the US Mint continuing to outsource mining and smelting operations to foreign companies?

The five largest mines in the US:

Greens Creek Mine, Alaska

The Greens Creek Mine is owned by Hecla Mining Company. The mine is located on Admiralty Island in the Alexander Archipelagos Islands, roughly 40 miles south of Juneau.

In 2021, Greens Creek produced 9.2 million ounces of silver and 48,088 ounces of gold.

Projected production outlook for 2022 is expected to be slightly higher, between 9.3 and 9.6 million ounces of silver and from 44,000 to 48,000 ounces of gold.

However, issues with the quality of the base metals, primarily zinc and lead, Hecla had postponed shipments of silver concentrates to upstream refineries.

Red Dog Mine, Alaska

Located 105 miles north of the Arctic Circle near Kotzebue, Alaska. It is one of the largest zinc mines in the world and is operated by Teck Resources (TECK).

The Red Dog Mine is believed to be the largest deposit of zinc in the world. Roughly 4% of all of the zinc is produced from this mine.

Ore concentrates of the mine are trucked over 50 miles where they are stored in port.

Due to the extreme location, the silver slurry can only be transported by ship from the arctic during the months from June through October.

The mine has been operating since 1989. With current production levels, the mine is expected to continue operating only until 2031.

The Red Dog Mine is one of the largest domestic sources of critical minerals.

Zinc has a variety of industrial uses. It is also an essential part of the green economy, component manufacturing for electric vehicle, windmills and solar panels.

Silver, germanium and lead and other minerals are byproducts of the primary operations.

Over 7.7 million ounces of silver was dug out of Red Dog mine in 2017.

Continental Mine, Montana

The Continental Mine is located near Butte, Montana. Also where the World Museum of Mining is located.

The main commodities of the Continental Mine are copper and molybdenum. Molybdenum and copper are also critical metals and minerals needed in the domestic manufacturing of electrical devices, motors for EVs and other electrical components.

Silver and gold are extracted from the copper-molybdenite ore. Recent mine output data is not  publicly available.

Marigold Mine, Nevada

The Marigold Mine is located in northern Nevada. The primary deposit is mineralized gold. The gold is extracted from sedimentary rocks including limestone, siltstone, breccias, meta-basalts and quartzite.

The mine is owned and operated by SSR Mining. The Marigold Mine began operation in 1989. The mine is expected to continue to sustain current production levels through 2032. Exploration and development of other nearby properties is expected to extend operations beyond.

Marigold is an open pit operations where blasted rocks is dumped onto heap leaching pages. A chemical process extracts precious metals and minerals from the ore and stored in carbon columns for later extraction through electrowinning.

Reports from SSR earlier in the year showed signs of delays in production with expectations of producing between 215,000 and 245,000 ounces of gold in 2022.

Rochester Mine, Nevada

The Rochester mine is an open pit, heap leach silver-gold operation in northwestern Nevada.

The silver-gold ore is extracted from sulfide deposits layered during Permian-Triassic period volcanic lava flows.

In 2021, the mining operations produced 3.2 million ounces of silver, while gold output was roughly 27,000 ounces.

Saudi Arabia experimenting with CBDC and alternative currencies to the PetroDollar

During the last year there has been a lot of media speculation regarding trade relations between Saudi Arabia and BRICS countries.

The Chinese central bank has been identified as buying roughly 300 tons of gold bullion in 2022. With Central Banks of other countries doing the same.

China has been wooing Saudi Arabia and making significant investments throughout the Middle East as part of the Belt & Road Initiative.

Saudi Arabia becoming part of BRICS and selling oil in a new basket currency would compete with both the Euro and the Dollar.

It seems pretty logical that China would intend for BRICS launch a CBDC digital currency that is backed by gold resources of the basket currency. Given that many central banks are experimenting with CBDC there will need to be interoperability between local currencies.

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NY Federal reserve launches CBDC “trial” on the heels of FTX collapse

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central bank digital currency

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 blockchain tokens and distributed ledger technology as a mechanism for settlement of liabilities.

This is one of many software and technology projects that the Federal Reserve Bank of New York has been developing through their New York Innovation Center.

The Biden administration has been attempting to take control over the digital assets markets through a combination of Executive Orders and enforcement with the hiring of 70,000 new IRS agents.

On March 9, 2022, Biden signed Executive Order 14143, titled “Ensuring Responsible Development of Digital Assets”.

Government agencies have been funding research projects at private institutions aimed at implementing a fully programmable digital currency such as those endorsed by the G7 and World Economic Forum (WEF).

What is the Federal Reserve New York Innovation Center?
The Federal Reserve Innovation Center is a group within the bank who’s mission is to collaborate on technology research, experimentation and prototyping with banking regulators, the banking industry, academia and international central banks, the Federal Reserve System, the Bank for International Settlements (BIS) Innovation Hub, academia, and the private sector through technical research, experimentation, and prototyping.

The team is chartered to generated insights into high-value central bank-related opportunities, enabling stakeholders and the central bank community to enhance the functioning of the global financial system.

Much of the G7 are following recommendations for CBDC systems endorsed by the WEF that are designed to be centrally controllable and programmable which is the opposite of having a decentralized blockchain.

Back in 2019, the General Manager of the International Bank of Settlements openly spoke about their intent to use CBDC to control which products citizens will be allowed to spend their digital dollars.

The Federal Reserve New York Innovation Center is likely following suggestions endorsed and suggested by the WEF, IBS, G7 and other organizations that have no absolutely no legal authority over the US economy or any other economy.

According to data provided by CBDCTracker.org, more than 60 countries are currently researching or launching pilot programs using CDBC blockchain ledger technology.

Many of the political rank and file in Congress reportedly received donations from FTX and affiliated crypto organizations in the run up to the mid-term elections.


Republicans in Congress have already announced their intent to hold hearings on the collapse of the FTX crypto exchange and into influence peddling by the White House.

In the current bankruptcy petition, the company discloses that it owes its top 50 creditors a total of $3.1 billion dollars but has yet to publicly disclose the list of names.

Shortly after signing EO 14143, former US President Bill Clinton and former UK Prime Minister Tony Blair were both guest speakers at the Crypto Bahamas Conference.


Private Gold Ownership in the United States

During the pandemic the US Mint sold more ounces of gold, silver and platinum coins than ever before.

As a result of the pandemic, private ownership of gold and silver is now the highest it has been since Roosevelt confiscated gold in 1933.

Looking at only cumulative bullion sales of the American Gold Eagle coin series, the US Mint has sold roughly 45.5 million troy ounces of gold eagles from 1986 until 2021.

So far in 2022, it’s reported that the US Mint has sold roughly 976,000 ounces of gold coins as of November.

There have been a variety of problems reported by the US Mint in recent years related to supply chain and planchets that have effected the production of both Gold and Silver bullion coins.

Many investors have been fleeing from the stock and crypto markets due to ongoing inflation, mass layoffs, rising interest rates and fears of a recession or worse. Millions of Americans continue to lose faith in the US economy as millions face layoffs the war in Ukraine drags on without any end in sight.

Buyers demand low premiums on gold and silver. Investors, preppers and many every day Americans continue to search for a safe haven investment as some lobby for a return to a gold-standard economy.

As of March 5 2021, the US Mint stores 147.3 million troy ounces of gold at Fort Knox, down from the highest highest historic gold holdings of 649.6 million ounces in December 31, 1941.

According to the US Mint more than 512.3 million troy ounces of gold has been removed from the Fort Knox Gold Repository since 1941.

According to weekly published reports by the Federal Reserve, roughly 20 million troy ounces is stored in the New York Federal Reserve system.

Monthly Gold Report data provided by the Department of Treasury shows 261,498,926.2 million troy ounces in their inventory, with roughly 147.6 million ounces being held in Fort Knox, 43.8 million in Denver, CO and 54.0 million in West Point, NY. The DoT reports gold holdings at the Federal Reserve to be around 13.5 million ounces.

Between 1941 and 2022, the Department of Treasury seems to have a discrepancy of roughly 388 million troy ounces of gold.

Maybe someone should be asking where did all the gold that was removed from Fort Knox go?

Blockchain Backed Gold Ownership

Many central banks that increased their gold holdings during the pandemic, including Russia, China and other BRICS nations are experimenting with blockchain technology and how it may be able to help their economy.

Bitcoin and other decentralized blockchain technologies are a perfect use case to establish trust amongst sovereign central banks and in developing and emerging nations to validate their gold, other precious metals and minerals holdings to allow for fair participation in world trade and wealth building.

The first mined Bitcoin’s Genesis block contains an encrypted message attached to the blockchain that reads, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” 

Cryptocurrency technology was created in response to the crash of the financial markets in 2008.

The purpose behind the bitcoin, cryptocurrency and blockchain movements have evolved over the last decade.

Most importantly, these technologies can enable trust for the banking and financial system that has been plagued by corruption and mistrust since Roosevelt helped the bankers at the Federal Reserve steal the gold from the American public in 1933.

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A-Mark/JM Bullion acquires BGASC

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central bank digital currency

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 Coins.

Over the last few years, A-Mark has been leading an effort to consolidate and control many aspects of the bullion industry.

The Silver Heist channel on YouTube recently posted a video discussing the potential for long term impacts to consumers resulting from A-Mark’s ongoing acquisition-streak in the retail bullion industry that began with JM Bullion in 2021.

“Big Bullion Dealer Buys Other Dealer”, Silver Heist on YouTube!

As pointed out in the video, A-Mark has been acquiring stakes in many companies across all segments of the precious metals industry. The acquisitions have included refineries, smelters, wholesalers, distributors and retailers.

A-Mark now has control of an entire vertical segment from raw material to finished investment and industrial products. They have a stake in companies throughout all facets of the supply chain. Starting with the refineries, which is close to the point of extraction from mines.

At the refiner level of the supply chain the company has access to raw material from miners, recyclers and others through the ownership of Sunshine Minting and Silvertowne Mint.

Sunshine Minting was established in 1979 in Coeur d’Alene, Idaho. In 2007, the company was acquired by Tom and Patricia Power.

In 2020, A-Mark acquired a 31.1% stake in Sunshine Minting, which included a joint-venture in Shanghai, China.

Sunshine Minting plays an important role in the minting and distribution of American Silver Eagle coins.

The US Mint sources blank silver planchets from private mints and Sunshine Minting is a primary supplier of the raw blanks that are pressed into Silver Eagle coins.

A-Mark is also one of the “Authorized Purchasers” of wholesale products that are produced by the US Mint.

As an approved wholesalers, A-Mark is able to purchase products from the mint at a fixed markup.

According to business guidelines published by the US Mint in the spring of 2022, the current wholesale premium from the US Mint for American Silver Eagle coins is $2.35 per coin.

A-Mark and American Silver Eagle Retail Distribution

As of this morning, the lowest current online retail premiums from A-Mark affiliated bullion dealers is $14.41 per coin from BGASC, earning A-Mark affiliated investments a gross premium of $12.06 per coin over the combined spot price and $2.35 manufacturing cost of the US Mint. 

Other A-Mark affiliated online retailers that are listed on FindBullionPrices.com offer this exact same product at even higher price points and premiums.

In a way, A-Mark is able to strategic leverage their position in the industry to outsource the manufacturing of Silver Eagles to the US Mint at a fixed cost that they then sell at various price points through retail channels that they have influence over through investments or full ownership control.