Acchain Conspiracy Theory Continues to Spread.
Bannon out as Trump Chief Strategist, Gold and Silver Fall.
India, China and Russian Gold Demand Continues to be Strong.
Top economic story:
The acchain conspiracy theory that China intends to digitize the world’s assets and then roll them up into the IMF’s SDR as a one world currency that only non US citizens can buy, continues to gain adherents.The theory is ludicrous but has not been shown to be so because the debate has focused on whether the IMF is planning a global reserve currency and whether bitcoin and blockchain are tools of central banks and rational analysis has been avoided.
Here is the acchain conspiracy theory – Why the IMF will use the ACC and SDR to Capture Wealth
Here here is why the IMF will NOT use ACC and the SDR to Capture Wealth
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Gold and silver.
Gold closed last week at $1288.70 an ounce and closed this week at $1283.80 -0.3%
Silver closed last week at $17.10 an ounce and closed this week at $16.94 -0.9%
The gold and silver ratio ended the week at 75.81:1
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Tweets of the Week
https://twitter.com/Smaulgld/status/898524949706452993
Here are the stories we wrote, followed or commented on.
August 14, 2017
From Smaulgld.com
Why the SDR Can’t Be a One World Currency
Silver vs. the Dow 1970 – 2016 – A Sobering Look
Gold
India’s gold imports to rebound in 2017 on restocking, good monsoon – top refiner
India to import 25 tonnes gold from South Korea, avoiding duty, industry officials say
US Mint Sales Update
U.S. Mint reported selling 125,000 American Silver Eagles and 4,000 American Gold Eagles today.
MTD American Silver Eagles sold 235,000 & American Gold Eagles sold 4,500
YTD American Silver Eagles sold 14,788,500/American Gold Eagles sold 160,000
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
Golden Eagle Coins
SD Bullion
Money Metals Exchange
The U.S. Mint reported selling 0 American Gold Buffalo coins.
MTD 0 sold
YTD 71,000 sold
The U.S. Mint sold 0 of the first America the Beautiful Coin of 2017 today – the Effigy Mounds National Monument coin. YTD Effigy Mounds ATB coins 35,000. The US Mint sold 0 Frederick Douglas National Historical Site ATB coins and 0 of the Ozark National Scenic Riverways.
Total YTD ATB coin sales 35,000 Effigy Mounds National Monument coins, 20,000 Frederick Douglas National Historical Site and 20,000 Ozark National Scenic Riverways ATB coins. Total 75,000
August 15, 2017
https://twitter.com/Smaulgld/status/897501090131750912
From Smaulgld.com
SHANGHAI GOLD EXCHANGE WITHDRAWALS STRONG IN JULY
Silver
Killing bacteria by hacking plastics with silver and electricity
Endeavour Silver Drilling Continues to Intersect High Grade Mineralization in Jalisco, Mexico
Analysis of Roman coins tells of Hannibal’s defeat and Rome’s rise
US Economic Data
Retail Sales 0.6%, Exp. 0.3%
Empire State Mfd Index 25, Exp. 10
NAHB Home Builder Index 68, Exp. 64
August 16, 2017
From Smaulgld.com
CHINA BACK ON TOP, PASSES JAPAN AS TOP U.S. TREASURIES HOLDER
Gold
India Bans Gold Exports Above 22 Carats to Plug Trade Loopholes
Anglo Asian Mining expects increased gold production in September in Azerbaijan
Bitcoin
After Bitcoin, Swiss Bank Becomes First To Offer Bitcoin Cash, Ethereum and Litecoin
De-dollarization
Major ‘De-Dollarization’ Trend Seen in Russian Economy, Minister Says
US Economic Data
Housing Starts 1.155MM, Exp. 1.220MM
Housing Permits 1.223MM, Exp. 1.250MM
Fed Chatter
August 17, 2017
From Smaulgld.com
Gold
Rand Recovery Punishes South Africa’s Aging, Costly Gold Mines
Australian miners buck trend by piling back into gold
Gold mining output at its lowest level since the financial crisis, says ANZ
Silver
Silver Composition in Coins Confirms the Story of the Rise of Rome
US Economic Data
IP 0.2%, Exp. 0.3%, Last 0.4%
Mfg Production: -0.1%, Exp. 0.2%, Last 0.2%
Initial Claims 232K, Exp. 240K
Philly Fed 18.9, Exp. 18.0
Fed Chatter
August 18, 2017
From Smaulgld.com
SMAULGLD NOW ACCEPTING SDR DENOMINATED DONATIONS
De-Dollariation
Betting on Red: How Russia Is Turning Its Back on the US Dollar
Gold
Mining for gold, she found a diamond. Her reaction? ‘Oh, my god’
India gold discounts widen as South Korea imports add to supply
Silver
Bones, silver found in 18th-century Dutch wreck off UK
US Economic Data
UMich 97.6, Exp. 94
The fallout is likely to reverse the improvement in economic expectations recorded across all political affiliations in early August.
Moreover, the Charlottesville aftermath is more likely to weaken the economic expectations of Republicans, since prospects for Trump’s economic policy agenda have diminished.
August 19, 2017
From Smaulgld.com
RUSSIA’S GOLD STACK GROWS BY 400,000 OUNCES IN JULY
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Compare American Silver Eagles for sale at:
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Donate To Smaulgld.com via paypal
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Compare American Silver Eagles for sale at:
Golden Eagle Coins
SD Bullion
Money Metals Exchange
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