Gold and What Moves it.
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Gold and What Moves it.
Tracking all things that relate to and affect the price of gold.
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Silver eagle sales are now through the five million coin/ounce mark - Ed Steer's Gold & Silver Daily

Silver eagle sales are now through the five million coin/ounce mark - Ed Steer's Gold & Silver Daily | Gold and What Moves it. | Scoop.it

... at the U.S. Mint on Monday.  They sold another 13,000 ounces of gold eagles...3,000 one-ounce 24K gold buffaloes...and 300,000 silver eagles.  Silver eagle sales are now through the five million coin/ounce mark at 5,082,000...along with 150,000 ounces of gold eagles and buffaloes combined to date.  These are serious numbers...and we're only halfway through January.

Hal's insight:

Physical. Physical. Physical.

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$1 trillion platinum coin hogwash – if it should happen buy gold and silver

$1 trillion platinum coin hogwash – if it should happen buy gold and silver | Gold and What Moves it. | Scoop.it

How anyone can suggest the creation of a $1 trillion platinum coin purely to circumvent checks on government spending defeats all logic and its creation would presage a flight into gold and silver.


by Lawrence Williams:


LONDON (MINEWEB) - 

Far be it for me to argue with a Nobel prizewinning economist, members of Congress and however many thousands have signed the White House petition to mint it, but this whole idea of a trillion dollar platinum coin is ludicrous.

 

It would have to constitute the most gigantic fraud ever perpetuated by a government and probably make the U.S. dollar and the U.S. economy the laughing stock of the world.  If anything, it would trigger a huge investment surge into gold and silver as all faith in government-created money would evaporate!

 

Firstly – why platinum?  It is based on a legal technicality allowing the U.S. to mint platinum coins of any face value.  However, given that $1 trillion dollars worth of platinum at current prices represents around 8 or 9 times the amount of platinum ever mined throughout history, a trillion dollar face value coin would have to bring any kind of money creation into even more disrepute than it already is. ...


Hal's insight:

Click through for the rest of Williams's article. But I agree. it's hogwash. Or is that putting lipstick on a pig?

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Charles Hugh Smith: Martian Central Bank Interested in Buying 100 $1 Trillion Coins

Charles Hugh Smith: Martian Central Bank Interested in Buying 100 $1 Trillion Coins | Gold and What Moves it. | Scoop.it

The $1 trillion coin saga takes an unexpected twist....


The $1 trillion platinum coin saga took a surprising turn as the Central Bank of Mars has expressed interest in buying 100 of the proposed coins. Interpreters are puzzling over the meaning and subtexts of the Martian communique; since Martian is described as an often-ambiguous combination of Fortran and Hungarian, this is no easy task. Opinion on the Martian offer is divided. Some suspect the Martian Central Bank intends to buy the $100 trillion in platinum coins with electronically created quatloos, i.e. worthless currency. These observers believe the Martians intend to claim the $100 trillion in platinum coins constitutes a claim on the entire U.S.A., the purchase of which would effectively give the Martian Central Bank a massive beachhead on Earth. ...
Hal's insight:

This is beautiful. LOL! Click over for the full piece.

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