China has Announced NO plans for a gold backed or redeemable Yuan. Since the appearance of the gold backed Yuan story in the Nikkei Asian Review NO Source of a Chinese announcement has been cited Many analysts and commentators have reported the story as something ‘China announced”. Recent variants of the “gold backed Yuan” story … Read More →
September Sales of American Gold Buffalo Coins down 94% from September 2016. U.S. Mint Sold 1,000 24K one ounce gold coins in September vs. 17,500 sold in September 2016. September 2017 sales were worse September sales in the coin’s twelve year history. Total American Gold Buffalo and American Gold Eagle Sales were 12,500 ounces in … Read More →
More Versions of the Gold Backed Yuan Story Appear. Germany Become World’s Largest Gold Consumer. China on Lockdown as Communist Party’s Central Planning Committee Meets. U.S. Mint Gold and Silver Sales Continue to Languish. Goldman Sachs Talks Cryptocurrencies Does Gold Make You Smart? Video Commentary to “The Gold Backed Yuan Story Forks Again as More … Read More →
The Perth Mint Sold 46,415 Ounces of Gold in September. September Perth Mint gold sales topped U.S. Mint one ounce American Gold Eagle sales of 8,000 ounces by nearly six fold. Perth Mint gold sales topped the U.S. Mint gold sales for the seventh month in a row. Gold sales at the Perth Mint in … Read More →
American Gold Eagle Sales Remain Bottomed. U.S. Mint sold 8,000 one ounce American Gold Eagles in September up from 6,500 sold in August. One ounce American Gold Eagle sales were down 90% in September from September 2016 sales of 79,000. Total number of American Gold Eagles sold in September were 36,000 including 1/10, 1/4/ 1/2 … Read More →
Gold Money to Sell/Store Cryptos, Sharps Pixley to Accept Bitcoin for Bullion Sales. U.S. Ramps Up Pressure on Venezuela. IMF Chief Christine Lagarde Talks Positively About Cryptocurrencies. Un Sourced Gold Backed Yuan Story Continues to Make the Rounds. Japan Issues Cryptocurrency Exchange Licenses. Video Commentary to “Gold Money, Sharps Pixley Join Crypto Craze” Watch on … Read More →
IMF Head Christine Lagard speaking at Bank of England conference touted advantages of cryptocurrencies. Largard urged policy makers not to dismiss virtual currencies as they may give “existing currencies and monetary policy a run for their money”. Lagarde hinted the SDR might have an interesting future life. Lagard suggested digital currencies could potentially join the … Read More →
Shanghai Gold Exchange Withdrawals rose 12% in August to 161.405 tons up from 144.71 tons in July. Shanghai Gold Exchange August withdrawals were also up 12% from 144.438 tons withdrawn in August 2016. Through August 2017, gold withdrawals were at the third highest level compared to prior years totals through August. Watch the Video of … Read More →
Russia Adds 500,000 Ounces of Gold To Reserves in August. Since June 2015, the Central Bank of Russia has added about 465 tons of gold to reserves. August’s 15.55 ton gold addition bring Russia’s Central Bank holdings to 1,745 tons; the sixth most of any nation. Overall Russian Reserves rose from $418.447 billion in July … Read More →
Is Bitcoin a gateway to a casheless society? Was getting libertarians and gold bugs, the groups most likely to oppose a cashless society, to embrace and promote bitcoin, part of the plan? Does Bitcoin promotion accomplish moving capital from gold and silver and dilute the sound money message and divide the sound money advocates? Was … Read More →
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