Samsung Follows Apple in Recovering Precious Metals From its Used Phones.
Federal Reserve’s Fast Payments Task Force Analyzes Viability of Fed Coin
Citizen Created Scruptual Euros Capture Bank of Italy’s Attention.
Bitcoin Soars as BIP91 passes 80% threshold.
Video Commentary to “Samsung to Recover Silver & Gold From its Smart Phones”
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Apple’s 2016 Environmental Responsibility Report
Recycling
“we’ve developed recycling collection events, take-back initiatives, and efforts like Apple Renew, a global program that lets you bring used Apple devices to any Apple Store for reuse or responsible recycling.
This program recovered 6,612 pounds of silver (105,792 ounces) and 2,204 pounds (35,264 ounces) of gold in 2015.
“So we invented Liam, a line of robots designed to disassemble 1.2 million phones a year, sorting all their high-quality components and reducing the need to mine more resources from the earth.”
Watch Apple’s Liam extract cobalt, lithium, gold, copper, silver and platinum from an old iphone.
Apple’s 2017 Environmental Responsibility Report
“For every 100,000 iPhone 6 devices, Liam has the potential to recover the following materials:
Aluminum (1900 kg)
Copper (800 kg)
Gold (0.3 kg)
Platinum Group Metals (0.4 kg)
Silver (7 kg)
Tin (55 kg)
Rare Earth Elements (24 kg)
Cobalt (550 kg)
Tungsten (3.5 kg)
Tantalum (2.5 kg)”
Assuming Liam is in full prodcution of 1.2 million phones a year, he would recover:
Gold (0.3 kg/9.64 oz) X 12 =3.6 kg/115.743 ounces = $144,678 (115.743 X $1250 per ounce)
Silver (7 kg/225.055 oz.) X 12 = 84kg//2,700.66 ounces = $44,560.89 (2,700.66 X $16.50 per ounce)
While these numbers seem small, they highlight how little silver (.00225 ounces/0.0699828228 grams) and gold (.0000964 oz) is actually used in the production of each iphone. The amount of silver in an iphone is about the equivalent of 1/45 a 1/10 ounce silver round.
According to the Silver Institute the following amounts of silver are needed in the production of each:
-cell phone .05-.25 grams for a total of 2.6 million to 13 million ounces of silver per year; and
-PC/lap top .3-.5 grams for a total of 3.5-5.8 million ounces of silver per year
Silver used in the production cell phones and computers and all other types of electronics adds up to over 200 million ounces each year.
Perspective on electronics silver demand:
Silver demand for electronics according to the Silver Institute
2010- 300+ moz
2011- 291 moz
2012 -267 moz
2013 -266 moz
2014 – 263- moz
2015- 245 moz
2016 234 moz
Click Here to Get the Smaulgld 2017 Silver Report
Charts of the Week
Saudi Arabia’s increase in US T-bonds holdings from Oct. to May can’t be explained soley as a consequence of higher oil prices when UAE and Kuwait reserves were essentially unchanged from October to May, while SA’s increased 39%
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Gold and silver.
Gold closed last week at $1228.40 an ounce and closed this week at $1254.40 +2.1%
Silver closed last week at $15.95 an ounce and closed this week at $16.50 +3.4%
The gold and silver ratio ended the week at
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Tweets of the Week
https://twitter.com/Smaulgld/status/887482849586270211
https://twitter.com/Smaulgld/status/887482364800229377
https://twitter.com/Smaulgld/status/887753792770453504
https://twitter.com/Smaulgld/status/888820584511090688
https://twitter.com/Smaulgld/status/888032295432671232
Here are the stories we wrote, followed or commented on.
July 16, 2017
From Smaulgld.com
BANK OF ITALY WARNS AGAINST CREATING YOUR OWN CURRENCY
also appeared in Zerohedge
July 17, 2017
U.S. Mint Sales Update
U.S. Mint reported selling 210,000 American Silver Eagles and 2,000 American Gold Eagles today.
MTD American Silver Eagles sold 1,500,000 & American Gold Eagles sold 9,000
YTD American Silver Eagles sold 13,733,500/American Gold Eagles sold 150,000
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
The U.S. Mint reported selling 0 American Gold Buffalo coins.
MTD 2,500 sold
YTD 68,500 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
July 18, 2017
Smaulgld.com
Silver
Investors Are Pouring Money Into Silver ETFs
Samsung to recover rare metals, components in Galaxy Note 7s
ton of gold= 32,150.7 troy ounces
New way to retrieve 300 tons of gold a year from cell phones http://www.dailymail.co.uk/sciencetech/article-3766694/The-simple-method-remove-GOLD-phone-New-technique-recover-300-tonnes-metal-year.html
over 200 million ounces
Gold
New Zealand: fight for ‘sacred mountain’ after discovery of significant gold seam
A look at why Indians just can’t get enough of gold -India’s gold obsession is here to stay
Here are Rajesh Khosla’s views on gold policy
US Economic Data
Import Prices June -0.2%, Exp. -0.2%, Last -0.3%
Export Prices -0.2%, Exp. 0.0%, Last -0.7%
US Mint Sales Update
U.S. Mint reported selling 375,000 American Silver Eagles and 1,000 American Gold Eagles today.
MTD American Silver Eagles sold 1,875,000 & American Gold Eagles sold 10,000
YTD American Silver Eagles sold 14,108,500/American Gold Eagles sold 151,000
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
The U.S. Mint reported selling 500 American Gold Buffalo coins.
MTD 3,000 sold
YTD 69,000 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
CoinDesk Explainer: How BIP 91 Enacts SegWit While Avoiding a Bitcoin Split
July 19, 2017
Gold
Gold Rebounds From Overnight Mini-Flash-Crash
$228mm notional (around 1800 contracts)
US Economic Data
Housing Permits: 1.254MM, Exp. 1.2MM
Starts 1.215MM, Exp. 1.155MM
July 20, 2017
From Smaulgld.com
RUSSIA CONTINUES GOLD BUYING SPREE IN JUNE
Gold
Andrew Maguire’s Bullion Bank Slayer is Revealed: Meet BullionCoin http://www.silverdoctors.com/gold/gold-news/bullioncoin-gold-backed-cryptocurrency-meet-andrew-maguires-bullion-bank-buster/ LOL
US Economic Data
Philly Fed 19.5, Exp. 23.7, Last 27.
Initial Claims 233K, Exp. 245K
ECB
ECB Keeps Rates, QE Unchanged; Ready To Increase QE “In Size And Duration”
US Mint Sales Update
U.S. Mint reported selling 140,000 American Silver Eagles and 1,000 American Gold Eagles today.
MTD American Silver Eagles sold 2,015,000 & American Gold Eagles sold 11,000
YTD American Silver Eagles sold 14,248,500/American Gold Eagles sold 153,000
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
The U.S. Mint reported selling 0 American Gold Buffalo coins.
MTD 3,000 sold
YTD 69,000 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
July 22, 2017
From Smaulgld.com
RE-DOLLARIZATION CONTINUES AS CHINA, RUSSIA & SAUDIS LOAD UP ON TREASURIES
WILL THE FED’S FASTER PAYMENTS INITIATIVE LEAD TO FEDCOIN?
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Compare American Silver Eagles for sale at:
BGASC.com
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:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
-----------------------------------------
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