Monday, August 25, 2014
Friday, May 9, 2014
Swiss Parliament Rejects 20% Gold Reserve Rule
Switzerland already has over 1,000 tons of gold (officially), but this measure would require the SNB to keep 20% of reserves in gold at all times. The bank and Swiss parliment oppose it, but if 100,000 signatures can be gathered, it will be voted on by the people democratically.
LINK to Bloomberg via Mineweb: http://www.mineweb.com/mineweb/content/en/mineweb-fast-news?oid=239847&sn=Detail
LINK to Bloomberg via Mineweb: http://www.mineweb.com/mineweb/content/en/mineweb-fast-news?oid=239847&sn=Detail
Wednesday, May 7, 2014
2014 Trial of the Pyx in the United Kingdom
Ancient and interesting process that the UK employs to ensure the quality of Royal Mint coins:
http://www.bloomberg.com/news/2014-05-06/british-coins-pass-test-in-800-year-old-ritual.html
http://www.bloomberg.com/news/2014-05-06/british-coins-pass-test-in-800-year-old-ritual.html
Thursday, April 3, 2014
Modified Production Process for US $1 Dollar notes (Federal Reserve Notes)
Instead of 32 notes per sheet there will now by 50 per sheet. The main difference is the size font of one of the identifying numbers on the note. This will provide collectors with something interesting to look for in the 2009 series - the "pre" and "post" versions of this change.
Tuesday, April 1, 2014
Japan's Sales Tax Increase Means More 1-Yen Coins
While Australia, New Zealand, and Canada have all done away with their penny, the United States, Great Britain, Euro-zone, and Japan all see at least some use for retaining their lowest unit coin despite the eroded value after decades of inflation. Specifically, 1/100th unit coins are needed to make change due to government sales taxes. One interesting thing I learned from the story is that Japan has "100 Yen stores" the same way we have "Dollar stores" in the US. There are
currently 38.8 billion one-yen coins in circulation.
http://www.bloomberg.com/news/2014-03-27/one-yen-coin-maker-ends-4-year-hiatus-for-abe-sales-tax.html
Gold sales in Japan are also up due to the coming sales tax increase:
http://www.bloomberg.com/news/2014-03-31/gold-sales-by-japanese-retailer-jump-before-tax-change.html
http://www.bloomberg.com/news/2014-03-27/one-yen-coin-maker-ends-4-year-hiatus-for-abe-sales-tax.html
Gold sales in Japan are also up due to the coming sales tax increase:
http://www.bloomberg.com/news/2014-03-31/gold-sales-by-japanese-retailer-jump-before-tax-change.html
Wednesday, February 26, 2014
Rare gold found in California
California couple finds $10 million in rare coins on their property
Very cool story! Most of the coins were preserved in fantastic condition. Always investigate old stuff you come across.
Tuesday, February 18, 2014
Banknote of the Week 2.18.14 - Canada 1954 $10
Yes I realize I hardly ever post a "banknote of the week" so it should be more like "banknote of the four months", but what can I say, I'm easily distracted.
Bank of Canada $10, series 1954
This particular note is very attractive to me for its simple elegance. Purple has been a symbol of royalty for thousands of years and its a very under-used color in the design of banknotes. I think it fits perfectly for this note bearing the image of Queen Elizabeth II and it really makes the red serial numbers pop out. The reverse is a beautiful Canadian landscape. All Canadian notes are bi-lingual in English and French. Printed by the British American Banknote Company Limited. The current producer of Canadian banknotes is the Canadian Banknote Company Limited - I am not sure if there is a connection or if they are distinct entities.Wednesday, January 1, 2014
Latvia has become 18th Member of the Euro Currency
Somewhat anti-EU biased interview (Iranian television), but nonetheless interesting.
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