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 220 pounds on a bathroom scale.
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 IMF, and Russian and China are regularly adding to their gold holdings from domestic sources.
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
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,
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, meaning
The Mystery of Banking is not just another book on banking. It pulls back the curtains that hide the flaws of fractional-reserve banking and explains the differences between loan banks and deposits banks.
Friday, the FDIC closed eight banks, three in Florida, two in California, and one in each of three other states: Michigan, Massachusetts and Washington. So far this year, the FDIC has closed fifty banks, which puts it on pace to match last year’s 140 closures. To put this in perspective, in 2008 there were only
The seminar was as stimulating and informative as expected. What surprised me was the humor with which most speakers delivered such important and grave messages. The seminar also was as well-run as I expected. The talks can be downloaded from the Mises website. The links are provided below. Further, CDs will be available at a
Mises Institute to hold seminar in Phoenix, AZ Saturday, April 10, 2010. Five authorities on money to speak to the dangers of monetary debasement and how it can lead to despotism.
Many Americans are buying gold and silver as hedges against a feared decline in the value of the dollar. Considering that the current fedgov fiscal year deficit is forecast at $1.75 trillion, buying the metals seems a prudent move as a devastating decline in the dollar is almost a certainty. But, too many Americans do