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100-kilogram Gold Maple Leaf sells at auction

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In 2007, when the Royal Canadian Mint introduced a limited edition series of 1-oz .99999 fine Gold Maple Leafs, the Mint also produced five 100-kilogram .99999 Gold Maple Leaf coins with face values of $1 million Canadian.  The 100-kilogram coin measures 20 inches in diameter and weighs right at 468 pounds on a bathroom [...]

Legal and Moral Considerations for Voluntary Barter

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The circulation of legal tender currency is merely a means for people to exchange value more easily. It is not mandatory that the exchange of goods and services be conducted in legal tender currency. Sometimes economic circumstances are not always conducive to transactions in official currency. Sometimes private exchanges of value become more convenient [...]

The American Open Currency Standard

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In the aftermath of the U.S. government’s seizure of the Liberty Dollar assets in Evansville, Indiana, many supporters of voluntary barter who saw potential in the Liberty Dollar concept were left without a unified solution for their desire to break the government monopoly on exchange media. Even prior to the rise and fall of [...]

Saudi Arabia gold reserves double what previously reported

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Saudi Arabia now holds double the gold reserves previously reported. Continued central bank activity in the gold market may result in central banks being net buyers of gold this year. If so, it would be the first time in decades. Earlier this year, India bought 200 tons of gold from the [...]

A Gold Trade for This Week

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This stuff is somewhat time sensitive.
The August Gold is leaving little “technical” gaps all over the place. Classical technical analysis suggests that gaps on a chart will be filled. (It doesn’t specify when though.) I will not worry about the gap on the downside being filled and instead, focus on the upside.
Should [...]

2010 Silver News released

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The Silver Institute is an invaluable source of information about silver, from supply/demand statistics to recent, esoteric developments that may affect future demand.  Serious silver investors can do themselves a favor by regularly visiting the site.
Additionally, The Silver Institute publishes on its site a free quarterly publication aptly titled Silver News.  To receive an [...]

This Week on the Bullion Market

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Looking for authentic gold bullion sellers
“I am looking for realistic sellers or there mandates of gold bullion. I am very serious when i say i have a buyers mandate who has 5 clients looking for authentic bullion sellers. They are looking to puchase large quantities not individual bars. They are also looking for gold [...]

Recovery??

If the U.S economy is underway…why is it that I don’t feel it to be true? This doesn’t feel like a recovery….every day that passes, another one of my friends or family members is let go from their job. These are people who have put in 15-20 plus years at a company, yet [...]

Dr. Marc Faber says to prepare for worst

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Dr. Faber, the keynote speaker at the May 22nd NYC Mises Circle Seminar, had no good news about the status of the world’s financial affairs.  He is of the opinion that all sovereigns will continue to create monies as solutions to their financial woes and that gold is the right investments for the times.
Further, [...]

Mint set to release 2010-dated fractional-ounce Gold Eagles

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Summer is here, and the US Mint is just now releasing 2010-dated fractional-ounce Gold Eagles, the ½-oz, the ¼-oz and the 1/10-oz sizes.  We expect to have the coins ready for shipment on or about June 21.  Because of subdued buying, premiums are about where they have been during normal times in years past, [...]