Friday, 30 January 2015

U.S. Marshals Commemorative Coin Goes On Sale!

WASHINGTON — About a dozen coin and U.S. Marshal enthusiasts were lined up shortly before noon Thursday in the lobby of the U.S. Mint, eager to purchase the newest commemorative coins celebrating the 225th anniversary of the nation’s oldest law enforcement agency.

US Marshals Commemorative Silver Coin

“I had to be first. I’m representing my agency,” said Will King, a 10-year veteran of the U.S. Marshals Service.

King and fellow marshal Maurice Shanks were actually second and third in line to purchase the coins, which went on sale in Washington at noon. Shanks, a five-year veteran of the agency, said he was buying two silver dollar coins to hold for his 7-year-old twins.

“It’s something to show my kids when they get older,” said Shanks, who like King is a member of the U.S. Marshals Capitol Area Regional Task Force.

Sales of the coins — a $5 gold, $1 silver and half-dollar copper-clad — include a surcharge that will go to the U.S. Marshals Museum in Fort Smith. The museum could receive up to $5 million from the purchases.

The bureau is authorized to mint and issue up to 100,000 $5 gold coins, 500,000 $1 silver coins, and 750,000 half-dollar clad coins.

The coins are now on sale at U.S. Mint stores and online. Coins are being sold individually or in a set of three coins. Only 15,000 sets are available.


Shanks had hoped to also purchase a three-coin set but none was available at the store. The sets, however, could be ordered online.

Will Carter, a Washington, D.C., coin collector, said he wanted to get the three-coin set but was also interested in purchasing individual coins.

“It’s new, and I think it will be highly sought after because it has the gold coin,” he said.

Carter, who has been collecting coins since 1953, said that many of the commemorative coins authorized by Congress do not include gold, silver and copper-clad.

Coins can be ordered online catalog.usmint.gov at or by calling (800) USA-MINT (872-6468). Hearing- and speech-impaired customers with TTY equipment may order at (888) 321-MINT.

The three-coin set is on sale for $473. The $5 gold proof coin is being sold for $412.60, $1 silver proof is $46.95, and half-dollar copper-clad proof is $14.95. Prices for uncirculated gold, silver and copper-clad coins run a few dollars less. Prices will increase about $5 after March 2.

http://swtimes.com/news/us-marshals-commemorative-coin-goes-sale

Monday, 26 January 2015

2015 £20 Churchill Silver Coin at Face Value

Sir Winston Churchill appears as the subject of a new .999 fine silver coin now available from the Royal Mint. Offered as the third issue in the Mint’s £20 for £20 series, it honors the noted British statesman and is sold at its legal tender face value of £20.



                                                  £20 Sir Winston Churchill Silver Coin

Mintage for the UK 2015 £20 Sir Winston Churchill Silver Coin is limited to 200,000. This is a decrease of 50,000 from the previous two coins from the series that sold out.

"Sir Winston Churchill – the great British prime minister – whose leadership in the Second World War inspired Britain’s armed forces, reassured a nation and encouraged the support of allies that united for victory in 1945," describes the Royal Mint. "Such an influential figure deserves to be honoured, and The Royal Mint has chosen Churchill as the subject for the third UK £20 fine silver coin to be available at face value."

The Royal Mint’s £20 for £20 program debuted with the UK 2013 St George and the Dragon Silver Coin and was followed up by the UK 2014 Outbreak Silver Coin which commemorated the one hundred year anniversary of the beginning of World War I.

Churchill Silver Coin Designs and Specifications
Figurative sculptor Etienne Millner designed the likeness of Sir Winston Churchill which appears on the reverse of the coin. The image’s inspiration comes from the well-known photograph of Churchill taken by Yousuf Karsh in 1941. Inscribed below the statesman is CHURCHILL.

Ian Rank-Broadley’s effigy of Queen Elizabeth II graces the obverse. Inscriptions surrounding the portrait include ELIZABETH II, D G REG FD, 2015 and the face value of 20 POUNDS.

Churchill Silver Coin Specifications
Face Value:  £20
Mintage:  200,000
Composition:  999 fine silver
Weight:  15.71g
Diameter:  27.00mm
Reverse Designer:  Etienne Millner
Obverse Designer:  Ian Rank-Broadley FRBS
Quality:  Brilliant Uncirculated

Ordering
UK 2015 £20 Sir Winston Churchill Silver Coins may be ordered directly from the Royal Mint via its website at www.royalmint.com or via this affiliate link to the coin.

Each coin comes attached to a presentation card which includes a photographic image of Churchill along with brief information and specifications on the release. A limit of ten coins per household applies.

Monday, 19 January 2015

Precious Metals Demand Continues To Buzz - Biggest Price Move Yet To Come!

Despite the fact that it often seemed as if the fundamental and the technical aspects of the precious metals market were at war with each other, silver bull David Morgan believed both methodologies could be used to great benefit.

“These are not dead markets and based on research and experience, the biggest precious metals price move is ahead of us,” he told investors attending the Cambridge House International Vancouver Resource Investment Conference 2015.


Morgan pointed to rising precious metals demand, specifically for gold, from Asian countries such as India and China, which were setting the stage for the next chapter in the precious metals story.

He noted that investment demand for gold had risen significantly in India in recent years, as people who traditionally invested in more accessible silver, made the switch to gold as the population became increasingly affluent.

Despite this, silver demand also remained robust. This contributed to the significant trend of gold bullion moving from the West to the East. He said the most productive economies were the ones most likely to accumulate gold, as was evident with China currently aggressively buying gold. The country currently held about 20% of the global gold reserves.

Asia and China accounted for more than 52% of the global gold demand, after Hong Kong significantly started to lift its gold imports into the country. This started just after the gold price peaked at $1 921.50/oz on September 6, 2011.

This trend today continued unabated. According to Morgan’s data, physical gold holdings comprised about 3% of the total wealth in all asset classes, or about $33-billion out of $962-billion in total assets.

He expected the Shanghai exchange to become the new gold exchange of the world, much in the same way as the LSE had dominated the scene over the past several decades. Other metals were also expected to follow suit.

Morgan believed that the geographic shift might be a good thing, as Shanghai tended to be more transparent in its price setting than its Western peers. GREY MATTERS

Morgan, who has a penchant for silver, said the metal had not seen a lot of demand from professional investors in recent years and pointed out that it would be interesting to see how the markets would react if somebody took a significant position in the current milieu.

He said the $14.15/oz intraday low silver recorded in November was probably the bottom of the cycle for the grey metal, signalling the gradual and inevitable uptick in price. Dramatic low-price spikes were tell-tale signals that the price was possibly about to start an upward trajectory once more.

In 1980, the silver price rose to a peak for modern times of $49.45/oz owing to market manipulation by Nelson Bunker Hunt and Herbert Hunt. Inflation-adjusted to 2012, this would be about $138/oz.

Meanwhile, silver bullion sales had taken off. Sales of the top three silver coins, the American Silver Eagle, the Canadian Maple Leaf and Austrian Silver Vienna Philharmonic coins had grown from about $36.18-billion in 2008 to $85.78-billion in 2013.

Silver imports into India were also gaining traction once more, Morgan noted. Further, global silver output was on the rise, growing from about 600-million ounces in 2004 to almost $800-million in 2013. Most of the additional output stemmed from by-product output in the gold industry, at a ratio of about 10:1, as well as a significant rise in primary silver output.

Morgan said peak silver output had not yet been reached, although the industry was not far from it. Scrap supply was expected to remain at about 200-million ounces a year.

Adding to the strong fundamentals for the metal, technology was continually finding new uses for the metal in a swelling spread of applications, spanning diverse industries.

The photovoltaic (PV) industry, for example, had in recent years pushed demand for the metal up by a significant margin. However, as the steady march of innovation waits for no one, the use of silver in PV had also in recent times been economised, somewhat mitigating the demand impact the green technology had on silver.

Friday, 19 December 2014

Silver Prices To Outperform Gold In 2015!

I know it’s a bold prediction...silver prices are going to surprise investors and provide them with better returns than gold bullion. I say this because both the fundamental and the technical pictures for silver continue to improve.



Investing In Silver!
Demand and Supply:

The supply of silver produced continues to dwindle, while demand for the metal is robust. This is the perfect recipe for higher prices.

In Canada, a major gold-producing country, in the first nine months of 2014, mines produced 373,828 kilograms of silver.
 
In the first nine months of 2013, Canadian miners produced 510,390 kilograms of silver representing a 26% decline in silver mine production. (Source: Natural Resources Canada web site, last accessed December 9, 2014.)

Mine production in other silver-producing countries is also on the decline. As silver prices remain low, silver producers have less incentive to produce. And those whose production costs were too high have shut down their operations.

Meanwhile, the demand side for silver remains strong. From January 1 of this year to December 9, the U.S. Mint has sold 42.86 million ounces of silver in American Eagle coins.

In the entire year of 2013, the Mint sold 42.67 million ounces in similar coins. (Source: United States Mint web site, last accessed December 9, 2014.) Because of the holidays, December is usually a robust month for silver coin sales; hence, the number of American Eagle coins sold this year will only increase.

Demand for silver from India is strong, too. Ashish Mundhra, managing director of Mundhra Bullion, a precious metal dealer in India, said, “There is a tsunami in silver. Investors are pouring in.” (Source: “Silver Demand Returning, in Patches,”The Wall Street Journal, November 11, 2014.)

http://www.silverseek.com/article/silver-prices-outperform-gold-2015-13918

Friday, 5 December 2014

2015 Year of the Goat Silver Coins Feature Wealth and Wisdom!

The Perth Mint of Australia continues its Lunar Good Fortune series with the recent release of the 
2015 Year of the Goat Silver Proof Two-Coin Set.

 2015 Year of The Goat Wisdom Silver Proof Coin

Coins of the set are struck from one ounce of 99.9% pure silver and showcase wealth and wisdom designs. Maximum mintage for the two-coin collection is limited to 1,500. Last year’s Lunar Good Fortune two-coin set sold out with the same mintage.

Designs and Specifications
The two proof coins offer a different design in color by Perth Mint artist Tom Vaughan. The 2015 Year of the Goat Wealth Silver Coin depicts a goat standing on a statue against a background of gold coins while the 2015 Year of the Goat Wisdom Silver Coin features a goat standing on a ridge in front of the "Tree of Wisdom."

Both offer the same basic reverse inscription of 2015 YEAR OF THE GOAT and the Perth Mint’s ‘P’ mint mark. To complete the reverse, WEALTH or WISDOM appears above on the appropriate coin.

2015 Year of the Goat Wealth Silver Proof Coin

Struck as legal tender of the island nation of Tuvalu, Ian Rank-Broadley’s portrait of Queen Elizabeth II graces the obverse of each coin. Inscriptions around the effigy are QUEEN ELIZABETH II, 2015, 1 oz 999 SILVER, TUVALU and the face value of 1 DOLLAR.

Specifications for the coins include a diameter of 40.60 mm, a thickness of 4.00 mm and a minimum gross weight of 31.135 grams.

Ordering
These two silver coins appear together in the same Perth Mint gray display case.
Orders may be placed directly from The Perth Mint website at www.perthmint.com.au. Pricing is AUS $198.00, or about US $152. An affiliate link to new Perth Mint silver coins follows:

Monday, 1 December 2014

Rio Olympic Coins Unveiled by Brazil Central Bank!

The commemorative coins feature one gold design and four in silver. The gold coin depicts Rio's famous Christ the Redeemer statue on one side, and a 100-meter sprint design carrying the Olympic motto: Citius, Altius, Fortius ("Faster, Higher, Stronger").



Rio 2016 Olympic Games Special Edition Commemorative Gold Coins

Rio de Janeiro: Coins to commemorate the Rio de Janeiro 2016 Olympics were presented Friday by the Brazilian Central Bank along with four designs that will enter general circulation.

The commemorative coins feature one gold design and four in silver. The gold coin depicts Rio's famous Christ the Redeemer statue on one side, and a 100-meter sprint design carrying the Olympic motto: Citius, Altius, Fortius ("Faster, Higher, Stronger").

 Rio 2016 Olympic Games Special Edition Commemorative Silver Coins

The silver coins show well-known Rio landmarks where people practice sports. The coins also show natural aspects of the city and Brazil.

The general circulation coins show Olympic and Paralympic sports. The selling price for the gold coin is 1,180 reals - about $470. The silver coins sell for 195 reals (about $80).

Officials said 36 different styles of coins will be minted by 2016.

http://sports.ndtv.com/othersports/news/233802-rio-olympic-coins-unveiled-by-brazil-central-bank 

Wednesday, 19 November 2014

We Are Never Going Back!

It has always fascinated me to hear the mainstream's interpretation of the gold standard. The great majority - including many who are part and parcel to the financial elite - elicit a knee-jerk response to its mere utterance.


Many see the return to the most recent Bretton-Woods-based "imposed standard", not one based on market value. Furthermore, the knee-jerk is detached from the main reasons why they "should" oppose.

Mainstream financial awareness is fully clouded - even among its highest ranking practitioners.  And they see its implementation akin to going to a world without anesthesia, antibiotics, child labor, slavery, and the like.

In our fully propagandized culture and society, precious metals are among the great "misunderstood"; a grotesque illustration of the century-old financial/political movement to "free" liquidity. It takes a pillage to get this far down the rabbit hole; a broken economy, old systems spiraling out of control.

We have massive mis-allocation of capital. Near total destruction of purchasing power.  Emergency policies meant to prop up the banks are punishing savers. Justice is fully two tiered. 

Regulation is fully captured and revolving. The middle class is all but wiped out and on the verge of a yet another (this time abrupt) adjustment to the standard of living.

What is left of real capitalism is suffering from diminishing returns on the verge of no return. We are not returning to economic stability and growth any time soon.

We are going backwards, despite the implementation of a "restrictive" currency standard.

Previous economic growth hinged on the ability to extract natural resources at an exponential rate. In some ways, we are using "money" from nothing as debts to "pay" for it. Just as we are seeing with fracking and the so-called ‘shale-oil boom’.

Theories of economics cannot be reconciled with ecology. Once diminishing returns become priced in, all that is left is a huge wave of debt and derivatives.

The damage will be systemic. And once the damage is done, it is never the same. And yet in the immediate aftermath, the private sector is called in to bail it out and to run the system to protect itself in the name of safety for all. 

Alas, modern political economies are enforced frauds. The majority refuse to see this. They have the ability to back it up with violence and disinformation.

This foundation and, therefore, resurrection will be impossible. Resolution would require impossible shifts in world view. If it were not sad enough already:

There is news about the Middle Eastern radical militia movement, ISIS, adopting precious metals as their own.