Thursday, August 30, 2012

Top 10 Reasons To Buy Silver (Mike Maloney)

1. Moving into True Money
Would you convert your labor into depreciating fiat paper or into an appreciating tangible asset with intrinsic value?
Silver offers the opportunity to move into true money, an actual store of value, with the potential for substantial gains in future years as its current cycle continues. Protect yourself and your family by acquiring silver with intrinsic value and insulate yourself from the wealth destructive policies of central bankers.
In Mike's words: “Gold and silver have revalued themselves throughout the centuries and called on fiat paper to account for itself.”
If history serves as any reference, we are poised to repeat the accounting of the Depression Era and the 70's which put precious metal holder's on top.

2. The Common Man's Gold

The acquisition of silver is much more attainable for global populations compared to gold. As silver prices continue to rise, investor’s will further shift away from real estate, stocks, and bonds.

The affordability of silver is poised to make it "common man's gold" as it begins to make news and involvement becomes widespread.

3. The Ultimate Insurance Policy
Throughout the last thousand years of history, most episodes of printing have been followed by pronounced periods of inflation or even extreme cases of hyper-inflation, either severely destabilizing the nation’s political stability or culminating in warfare, dictatorships, or a political collapse.

A simple glance will quickly reveal that those who capitalized off these unique periods were holders of monetary metals such as silver. Even if you believe these possible outcomes are improbable, ownership of physical silver in the event will provide you the opportunity to not only protect your wealth but appreciate it significantly. Like an insurance policy, while the event probability is low, when fire strikes the benefits largely outweigh the cost.

At the current silver price level, the cost of insurance is tremendously cheap in relation to the wealth it would conserve if history does in fact repeat itself.

4. Silver: Much more than a Monetary Metal - Industrial & Medical Applications

Unlike gold, silver has hundreds of industrial and medical applications and its usage is on the rise. Silver’s molecular arrangement and chemical properties make distinctly unique among earth's elements. In Mike’s words:
Of all the elements, silver is the indispensable metal. It is the most electronically conducive, thermally conductive, and reflective. Modern life, as we know it, would not exist without silver.“ (Page 128 of Guide to Investing in Gold and Silver)

In the last two decades alone, usage has increased substantially to include an array of electronic and digital products, medical appliances due to its anti-microbial properties, and even clothing. Product such as cellphones, cameras, laptops, mirrors, monitors, etc. all contain trace amounts of silver which is never replenished or returned to stockpiles. As our information age progresses and silver’s chemical uniqueness is more fully understood, demand for this irreplaceable metal will only continue to rise.

5. A Dwarfed Physical Market & Vanishing Inventories
While accessibility to silver may seem abundant in the flood of paper markets around today, physical markets are actually quite constrained and limited. Physical silver's dollar value is 30 / 1600 or 1.5 - 2.0 % that of gold’s, while over 70% of this metal is consumed in practical applications.
The steady reduction in above ground inventories had been unique to silver amongst virtually all industrial and precious metals. Above ground supply is merely a fraction of what it was when silver hit its all-time high in 1980. Supply continues to be limited as applications in a broad range of fields continue to grow.

6. Uncertainties in Future Supply
The majority of the world’s silver comes from nations marked with political turmoil, labor unrest, and undeveloped economies. Mexico and Peru account for the largest share of production, both of which have fragile political systems and primitive infrastructures to accommodate significant improvements in production.
Several Southeast Asian nations are also included in this list, and present similar issues with regard to the consistency of supply. Geopolitical instability can quickly induce nationalizations (most recently in Bolivia), labor strikes , or poor infrastructures (accounts for high rates of flooding, fires, engineering mishaps, etc.) which can be have significant strains on supply.

7. Emerging World Demand
China and India represent two behemoth markets where populations have shown a tremendous appetite for gold and silver. An awakening of emerging market investment demand will contribute to a new demand dynamic for physical silver bullion.
Supportive of the monetary aspects are some of the largest untapped markets for consumer electronic and industrial usages. Within the next decades, demand for appliances and technologies which require silver from developing nations is set to rise.
8. End of Manipulation
The most evident form of pricing manipulation on the silver front occurs through the derivative futures contracts traded at the COMEX. The amount of ounces traded on an average day typically exceeds the ounces of investment grade silver available by several factors. In the interview below, Mike provides us with some insight on the nature of manipulation:

9. The Paper Funds Exposed

While futures pricing manipulation gives institutional banks a means for price suppression, the ETFs and other paper derivatives have now involved the public in these mechanisms. These instruments funnel demand away from what would be geared as deliverable silver and into non-redeemable paper in the form of a prospectus or stock certificate.
It is not coincidental that over the last decade, dozens of ETFs, pools, certificates, etc. which have emerged are now being marketed for their accessibility and convenience to the retail investor. Make no mistake, these funds are merely paper and the ETF campaign has been largely successful in placing millions of novice investors in funds they truly do not understand. Therefore, acquiring tangible metals and truly protecting yourself is never more than a few clicks away
10. Gold to Silver Ratio
Finally, the most enduring and lasting indicator of suppression has been the gold to silver ratio. While this ratio has historically oscillated throughout the last 2000 years, it has always revert back to its historical average of 12 to 1. Consider the tremendous upside potential for a silver investor purchasing silver with the ratio at these levels. The current affordability of silver makes it one of the most undervalued assets in recent history.

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2013 Year of the Snake Silver Bullion Coins

The Perth Mint of Australia will soon release Australian 2013 Year of the Snake Silver Bullion Coins in seven different sizes, ranging from 10 kilo down to 1/2 ounce.

These are offered as part of the Perth Mint’s extremely popular Australian Lunar Series II and will be available to the public beginning on Monday, September 3, 2012.

Each coin in the series is composed from 99.9% pure silver and is guaranteed for weight and purity by the government of Australia. Each also features the new 2013 Year of the Snake reverse design.
That design shows a snake curled around the branch of a tree. Shown to the right of the reptile is the Chinese character for "Snake." The Perth Mint’s ‘P’ mint mark is found on the reverse along with the inscription of "Year of the Snake."

2013 Year of the Snake Silver Bullion Coins are struck as legal tender of Australia in addition to the government’s guarantee of content. As legal tender, obverses contain the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II along with the inscriptions of "Elizabeth II," "Australia" and "2013." The obverse also contains the face value and weight of the specific coin.

Lunar silver bullion coins made their debut from the Perth Mint in 1999 with the inaugural strikes of the Lunar Series I. In 2008, the Perth Mint introduced the current Lunar Series II. All of these coins featured annually changing reverse designs based on the 12-year cycle of the Chinese zodiac. That zodiac indicates that those with birthdays between February 10, 2013 and January 30, 2014 are born in the Year of the Snake.

As previously mentioned, seven different sized 2013 Year of the Snake Silver Bullion Coins will be issued by the Perth. This includes 10 kilo, 1 kilo, 10 ounce, 5 ounce, 2 ounce, 1 ounce and 1/2 ounce. Of those seven, five will feature unlimited mintages with only the 10 kilo coin and the 1 ounce coin being limited. Mintage of the 10 kilo coin will be no more than 200 with the one ounce coin limited to 300,000 worldwide.

All coins of the series are presented in protective acrylic capsules.

Specifications for Year of the Snake Silver Bullion Coins

Size 10 kilo 1 kilo 10 oz 5 oz 2 oz 1 oz 1/2 oz
Silver Content (oz) 321.510 32.151 10 5 2 1 .5
Face Value (AUS) $300 $30 $10 $8 $2 $1 $.50
Minimum Gross Weight (g) 10,010.000 1,001.002 311.347 155.673 62.270 31.135 15.591
Maximum Diameter (mm) 221.00 100.60 85.60 65.60 55.60 45.60 36.60
Maximum Thickness (mm) 33.00 14.60 6.60 5.80 3.60 2.60 2.30
Maximum Mintage Limit 200 unlimited unlimited unlimited unlimited 300,000 unlimited

About the Perth Mint

The Royal Mint of England established the Perth Mint as a branch facility in 1899 to refine and strike gold recovered from nearby deposits. Ownership was transferred to the State Government of Western Australia in 1970. Today the Perth is responsible for the Australian Federal Government’s Gold and Silver Bullion Coin Program in addition to striking some of the most unique numismatic coins in the world.

QE3 Discussion "Will Push Gold Prices Higher", Eurozone Problems "Have Not Disappeared"

Gold Prices traded just above $1660 per ounce Tuesday morning in London, a few Dollars down on last week's close, while stocks and commodities were also broadly flat on the day and US Treasuries gained.

Silver Prices rallied to nearly $31 per ounce, having fallen back through that level a day earlier, before easing back towards lunchtime.

"Although in an uptrend, gold does not appear as technically strong as silver," reckon technical analysts at Scotia Mocatta, a bullion bank.

On the currency markets, the Euro climbed back above $1.25, having dropped below that level during Tuesday's Asian trading, with analysts continuing to speculate on the prospects for a third round of quantitative easing (QE3) from the Federal Reserve.

Over the weekend, the leaders of France and Germany, the Eurozone's two largest economies, both said they wish to see Greece remain in the Euro.

"For me, the question should no longer be asked," said French president Francois Hollande, following Saturday's meeting with Greek prime minister Antonis Samaras.
"Greece is in the Eurozone."

"I want Greece to remain a part of the Eurozone," said German chancellor Angela Merkel a day earlier.

"We expect from Greece that the promises that were made are implemented, that actions follow words."

Greece is asking for a two-year extension to meet its commitments to austerity measures, and has proposed issuing short-term T-bills to cover the estimated €18 billion funding gap this would create.
Representatives of the 'troika' of lenders – the European Central Bank, European Commission and International Monetary Fund – are due to visit Greece next month to report on the government's progress towards its commitments, although their report may not be published until October, a Commission spokesman said Monday.

"It's not in German interests to kick Greece out of the Eurozone," says ING economist Carsten Brzeski in Brussels, speaking to Bloomberg.

"Everyone realizes that it's in the German interest to solve the crisis. At the same time, [Germany has] become weak enough to show them that they're not an economic island anymore."
"The Eurozone has been quiet of late, but that doesn't mean the problems have disappeared," adds Jeffrey Rhodes, global head of precious metals at INTL FCStone.

"The US economy has been sluggish and there is a growing belief that there is going to be QE3 soon. This anticipation is driving the market."

"We expect the Fed to ease policy further in September," agrees Steve Barrow, head of G10 research at Standard Bank, adding that easing could take one of various forms, such as QE, cutting rates interest rates on banks' excess reserves, or extending the length of time the Fed says it expects rates to stay at historic lows.

Fed chairman Ben Bernanke is due on Friday to give a speech on 'Monetary Policy Since the Crisis' at the annual Jackson Hole conference of central bankers. It was at this even two years ago that Bernanke hinted at a second round of quantitative easing, which the Fed implemented a few weeks later.

"We expect there to be QE3 by September and gold will move substantially higher," says Philip Klapwijk, global head of metals analytics at consultancy Thomson Reuters GFMS.
"More cash is coming into the market from investors...ETF demand has picked up and will continue to grow as prices rise."

Last week saw the world's largest Gold ETF, the SPDR Gold Trust (GLD), add nearly 12 tonnes of Gold Bullion, taking the total to 1286.5 tonnes, the highest level since April.

On New York's Comex meantime the difference between bullish and bearish contracts held by Gold Futures and options traders – known as the speculative net long position – jumped by nearly a fifth in the week ended last Tuesday, according to weekly data published by the Commodity Futures Trading Commission.

Russia's central bank added 18.6 tonnes of gold to its reserves in July, according to IMF data published last week. Kazakhstan, Kyrgyz Republic and Ukraine also opted to Buy Gold, while Guatemala and Mexico reduced their holdings.

Turkey, whose reported official reserves includes gold held at the central bank by commercial banks, saw its gold reserves grow by 18% in July, the IMF data show.

"There's a lot of talk of gold coming back as a safe-haven asset," says Bernard Sin, head of currency and metal trading at Swiss refiner MKS.

"As long as the QE3 discussion is on the table, gold will continue to trade higher."

Wednesday, August 29, 2012

The Top 3 Rules to Understand About Gold & Silver Price Behavior

Over the past 10+ years of this gold and silver bull, I’ve seen gold and silver “newbies” repeatedly make the same mistakes. So I’ve decided to write this short article to help people more clearly understand gold and silver price behavior. There are 3 solid rules to follow and understand when buying gold and silver bullion and or mining stocks. 

Because of the lack of understanding of these rules, many investors unfortunately unload gold and silver assets at the exact wrong time, at the bottom of long corrections and right at the beginning of huge new legs higher. Back in mid-May, when I wrote that it was a very low-risk, high-reward point to buy gold and silver assets, virtually no one outside of the very small circle of seasoned gold and silver investors were interested. 

Now that gold and silver have risen considerably since that point and time, there is more interest than just a few weeks ago, but again, some newbies will make the mistake of buying into gold and silver now, and on any slight pull back, listen to the doubts disseminated by the mainstream media, and panic sell again.

I previously stated on August 16, 2012, the following: “The one thing I can guarantee, however, is that when gold and silver finally make new highs, and they will, some of the ferocious moves higher are absolutely going to stun a lot of people.” And I still stand by this statement. In retrospect, I don’t consider the recent moves in gold and silver to be part of the “ferocious moves higher”

That hasn’t happened yet and we’re still a bit away from the manifestation of the scenario that will trigger these moves. Still, some of the moves higher in gold and silver that will happen over the next 1-2 years will be so rapid and shocking that to most people, they will seem impossible given the psychological damage done by the past 18-month gold & silver correction and consolidation period. And to those that pay too much attention to the mainstream financial press and not enough to the realities of the physical, not paper, gold and silver markets, these violent moves higher will be likewise shocking.

Because gold and silver have been so suppressed for an extended period of time the consequent defensive actions of exiting PM mining stocks and re-purchasing them at solid re-entry points has left many gold and silver investors weary and with a negative outlook ahead. Though patience is a virtue when holding and stacking gold and silver assets, this virtue is much more easily vowed than practiced, especially during volatile periods of price behavior upward and downward during an extended consolidation phase. 

However, those that are able to see through the volatility games of banksters will see something entirely different – a solid base for gold and silver’s next move higher to escape the banking cartel’s price suppression schemes. Thus, even though it is likely for gold and silver assets to take a breather this week and for a pull back in prices to happen before the upward trek continues, whether gold and silver are rising or falling, every gold and silver investor needs to understand the top 3 rules when holding gold and silver assets. So here they are:

(1) Volatility Does Not Equal Risk.

Far from it. In fact most volatility in gold and silver is deliberately manufactured by the banking cartel, and is manufactured in fake paper derivative markets in which prices are set with absolutely zero regard for the actual physical supply and physical demand determinants of these two precious metals. Furthermore, since banker cartel manipulation of paper gold and silver derivatives plays such a big role in price volatility, moves in gold and silver are often just as violent to the upside as they are to the downside after long periods of consolidation, as violent moves higher are often caused by short-covering of panicked hedge funds and banking cartel members that are forced to unwind shorts when the momentum to the upside becomes too great for them to suppress. 

Furthermore, after brief periods of very quick rises, another short-term correction triggered by day traders taking profits and/or desperate banking cartel members actions in paper markets does not mean the uptrend has reversed back downward again…which bring us to Rule #2.

(2) Lack of Patience is the Greatest Enemy to Buyers of Gold, Silver and PM Mining Shares.

With physical gold and physical silver, bankers deliberately create massive volatility in paper prices at times to discourage the uninitiated from buying physical and to try to goad those already in to mistakenly sell. With PM mining shares, the greatest mistake investors make with this asset class is to let the bankster created artificial volatility in mining shares discourage them into selling out of all of their shares right before the next great leg higher. While it is true that the vast majority of gold and silver mining shares in the junior resource sector are junk and inflated pipe dreams, even cashed-up, solid junior mining companies will be taken down in price during bankster raids on paper gold and paper silver and thus, patience with junior mining companies is essential to coming out on top.

One of the top performing gold stocks lost more than 50% of its value a few years before the onset of the Great Depression before going on a spectacular +1,258% run higher that ended in1939. Those that were impatient because they were unable to see the big picture of the importance of gold during periods of severe economic instability sold out when this stock corrected sharply, locked in losses, and received none of the spectacular gains. Many today will repeat this same exact mistake.

(3) Ignore the White Noise and Disinformation Anti-Gold/Anti-Silver Campaigns of the Commercial Banking Industry.

Clients that allocate money to physical gold and physical silver purchases or PM mining share purchases translates into lost revenues for fee-based managed money commercial banking and brokerage firms because this normally translates into money that leaves these firms and never comes back. Thus, the vast majority of commercial banking/brokerage firm employees have great incentive to prevent their clients from purchasing any gold and silver assets of any nature, including even robust PM mining stocks.

Thus, when the most robust PM mining shares are at super undervalued valuations and represent a low-risk, high-reward set-up, commercial banking/brokerage firm employees are likely to tell you there is ZERO opportunity in PM mining shares. However, when great runs higher in gold and silver assets occur, uninformed commercial banking employees are likely to inform you of this situation and goad you into purchases right before the next steep correction, as was the case when silver hit $50 an ounce last year. A sharp, rapid and significant correction in the first month of buying gold and silver is a lesson likely to keep many “newbies” from ever returning to the gold and silver markets in the future. 

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2011-2013 Canadian Wildlife Silver Bullion Coins

With the upcoming availability of the fifth coin in the Canadian Wildlife Silver Bullion Coin Series, this article provides a quick review of all post issues

Canadian Wildlife Silver Bullion Coins are produced as a three-year series issued by the Royal Canadian Mint. Dates on each are either 2011, 2012 or 2013.

A total of six unique coins are included within the series, each featuring a unique reverse design showcasing a different member of the diverse creatures found in Canada.

Every coin is struck from one ounce of .9999 fine silver to a diameter of 38 mm. The 3.29 mm thick strikes have a reeded edge and a legal tender face value of CAD $5.

Despite the investment-intended nature of the bullion coins, many collectors have also shown extreme interest in the series. That is largely attributable to the unique designs, level of silver purity and the limited mintage nature of the program. Coins of the Canadian Wildlife series feature a maximum mintage of 1,000,000 per design.

All six silver bullion coins contain the same basic obverse portrait of Queen Elizabeth II. Designed by Canadian artist Susanna Blunt, the portrait is surrounded by the inscriptions of ELIZABETH II, 5 DOLLARS and the relevant year 2011, 2012 or 2013.

The reverse of each coin depicts a different creature of Canadian wildlife. Reverse inscriptions include CANADA, 9999, FINE SILVER 1 OZ ARGENT PUR and the initials of the artist for the design.

A short description of each of the known Canadian Wildlife Silver Bullion Coins is offered below:

2011 Canadian Wolf Silver Bullion Coin

Canadian Wildlife 2011 Canadian Wolf Silver Bullion Coin
Canadian Wildlife 2011 Canadian Wolf Silver Bullion Coin

2011 Canadian Wolf Silver Bullion Coins made their debut in September of 2010. As indicated by the name, the coin depicts a wolf on its reverse. The snowy scene of the canid also includes an image of a full moon. The reverse was designed by Senior Royal Canadian Mint Engraver William Woodruff.

2011 Canadian Grizzly Silver Bullion Coin

Canadian Wildlife 2011 Canadian Grizzly Silver Bullion Coin
Canadian Wildlife 2011 Canadian Grizzly Silver Bullion Coin

The Royal Canadian Mint released 2011 Grizzly Silver Bullion Coins in January of 2011. A roaring mature grizzly bear is shown on the reverse of the strike along the edge of a body of water. Like the first coin of the series, the reverse of this coin was also designed by Senior Mint Engraver William Woodruff whose initials can be seen to the left of the bear.

2012 Canadian Cougar Silver Bullion Coin

Canadian Wildlife 2012 Canadian Cougar Silver Bullion Coin
Canadian Wildlife 2012 Canadian Cougar Silver Bullion Coin

Issued in September of 2011, the 2012 Canadian Cougar Silver Bullion Coin appeared as the third strike of what had become an extremely popular series. Showcased on the reverse is the image of a cougar which is also known as pumas, mountain lions or mountain cats. The William Woodruff design shows the cat with its front paws on a fallen tree limb.

2012 Canadian Moose Silver Bullion Coin

Canadian Wildlife 2012 Canadian Moose Silver Bullion Coin
Canadian Wildlife 2012 Canadian Moose Silver Bullion Coin

2012 Canadian Moose Silver Bullion Coins made their initial appearance in February of 2012. Also designed by Woodruff, the reverse of this coin shows a moose, complete with large palmate antlers, standing among the tall grasses of its native region.

2013 Canadian Pronghorn Antelope Silver Bullion Coin

Canadian Wildlife 2013 Canadian Pronghorn Antelope Silver Bullion Coin
Canadian Wildlife 2013 Canadian Pronghorn Antelope Silver Bullion Coin

The Royal Canadian Mint first announced details of 2013 Canadian Pronghorn Antelope Silver Bullion Coins at the American Numismatic Association’s World’s Fair of Money in Philadelphia, Pennsylvania in August of 2012. The strike showcases a pronghorn antelope on the reverse with a design by Canadian artist and coin designer Emily S. Damstra.

Stay Long in Gold, Silver: Karvy Commodities

 Gold: Gold futures prices are continuing last week’s momentum at the early Globex by gaining $5 from previous closing. The Asian equities are trading mostly at a weaker note after Chinese industrial profit fell by the most this year. But again the Chinese Premier Wen Jiabao hinted for further accommodation as the economy’s weakness is deepening.

Thus, hopes of easing from the global central banks are likely to keep gold buoyed for the day. Gold investment holdings rose 0.92% to 1286.50 tons last week, highest since March this year, would have also supported the metal to grow. From the economic data front, the German IFO numbers are likely to be weak while the US Dallas Fed manufacturing is expected to revive a bit but may still remain on a negative territory.

This is although likely to keep the Euro under strain, market may closely watch the week end’s Jackson Hole Symposium, which may provide a clue on how the global central banks see economy and what are the further accommodations it can provide. The Fed and ECB President’s speech may guide market movements and the event may turn out to be the most important of the week as both President Bernanke and Draghi are going to meet. Said above, we could expect gold to stay strong for the day and hence we recommend staying long for the metal from lower level.

Silver: Today morning silver future is seen on a continued momentum by gaining near 0.35% at the Globex despite the Chinese industrial profits fell the most in this year. However, prices would have been supported as the Chinese Premier Wen Jiabao hinted for further accommodation as the economy’s weakness is deepening.

Thus, hopes of easing from the global central banks are likely to keep silver buoyed for the day. Although the Asian equities dropped after the Chinese data released, the news of accommodation may help prices to remain strong. Reports from the US Dallas Fed may show a slight improvement in manufacturing in evening which may support silver. Nevertheless, weak IFO numbers from Germany may put slight pressure on the metal.

Besides, this week is likely to be dominated by anticipation of Jackson Hole Symposium, which may provide a clue on how the global central banks see economy and what are the further accommodations it can provide. Therefore, prices are likely to remain buoyed. Said so, we recommend staying long for the metal from lower levels.

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Tuesday, August 28, 2012

Australia Silver: 2013 Kookaburra Perth Mint Bullion Program - Design Release Out Soon

The 2013 Kookaburra Design Features two Kooks Perched on a branch overlooking a pond with Lilypads.

The traditional Australian Kookaburra Silver Coin Series featuring designs of Australia's famous bush bird, available in three sizes - 1 kilo, 10oz and 1oz.

The Silver One Ounce Bullion has a Mintage of One Million for 2013, The 10 ounce and 1 kilogram coins are unlimited until the end of mintage at which time the production is ceased.

Monday, August 27, 2012

Three Rare Coins Sell For Nearly $900k

Three rare Australian coins have fetched almost $900,000 at auction - taking out two records in the process.

Australia's first coin, known as the 'Hannibal Head' Holey Dollar, sold for $410,000, while the first gold coin, an 1852 Adelaide pound, netted $370,000.

Both coins fetched record prices for coins of their type sold at auction, with the pound eclipsing the previous record by $240,000.

The coins went under the hammer in Melbourne on Monday night along with an 1813 Colonial Dumps coin, which had a less impressive result, selling for half the estimated price at $100,000.
Coinworks managing director Belinda Downie said it was an exciting auction result.

'It was a win-win. The vendor's happy. I saw really beautiful quality coins sell for very exciting prices, so, from a Coinworks perspective, and an industry perspective, there are no complaints,' she told AAP.

The top selling Holey Dollar is the only one of its type in private hands, with the only other known example housed in the NSW State Library.

'This one is unique for private buyers,' Ms Downie said.

'The quality of the coin is superior to most. It's got a really gorgeous history.'

The Holey Dollar was created from 40,000 Spanish coins acquired by Governor Lachlan Macquarie to alleviate Australia's coin shortage.

Governor Macquarie enlisted the services of convicted forger William Henshall to cut a hole in the centre of each dollar and later to stamp each with the words New South Wales and a five shilling value.

The rare coin gained notoriety after being found in 1881 as part of a bushranger's hoard and was later owned by the Tasmanian governor, Ms Downie said.

'Right from the onset this particular coin has always enjoyed publicity,' she said.

Saturday, August 25, 2012

2013 Lunar Year of the Snake Bullion Gold and Silver Coins

2013 Lunar Year of the Snake Bullion Gold and Silver Coins

  • 999 Fine Silver / Gold
  • One Troy Ounce (31.1 Grams)

The design for the 2013 Australian Lunar Year of the Snake (10kg, 1kg, 10oz, 5oz, 2oz, 1oz and 1/2oz) silver bullion coins consists of a representation of a snake entwined on a branch, surrounded by a pattern of lines.

The design for the 2013 Australian Lunar Year of the Snake (10kg, 1kg, 10oz, 2oz, 1oz, 1/2oz, 1/4oz, 1/10oz and 1/20oz) gold bullion coins consists of a representation of a snake resting on grass with bamboo at its side, surrounded by a pattern of lines.

Thursday, August 23, 2012

Bill Murphy- JP Morgan Is FINISHED! Silver Scam to Rival Libor

Bill Murphy discusses how JP Morgan is in trouble and how gold and silver are likely to go up as he predicted
Do you agree with Bill Murphy that JP Morgan Is finished?

Sunday, August 19, 2012

Gold & Silver To Go Through The Roof - Bill Murphy, Andy Hoffman, Bix Weir and Andy Hoffman

Part 1: GOLD & SILVER to go THRU the ROOF - Bill Murphy, Bix Weir, & Andy Hoffman

Part 2: MARKET RIGGING FRAUD - Bill Murphy, Bix Weir, & Andy Hoffman

Part 3: PAY Off Your DEBT? Maybe NOT - Bill Murphy, Bix Weir, Andy Hoffman

Part 4: YOUR QUESTIONS ANSWERED - Bill Murphy, Bix Weir, & Andy Hoffman

Saturday, August 18, 2012

TUTANKHAMUN Egypt Pharaoh Silver Palladium Gold Red Carnelian Gemstone Coin 2 Oz $50 Fiji 2012

A numismatic masterpiece, made with two ounces of pure 999 silver, 24 carat gilded Gold , ennobled with and enriched with a red carnelian gemstone considered to be the stone of the life by Egyptians!

Extremely limited mintage of just 999 pieces worldwide!

The coin is issued by the Republic of Fiji and honors the history of Tutankhamun! Second of "Egyptian Jewels" 10 coin series.

Tutankhamun (sometimes called King Tut) was a Pharaoh (like a king) of Ancient Egypt from about 1334 BC to 1323 BC. He became Pharaoh of the 18th dynasty (royal family) during the New Kingdom at 9 years old. Tutankhamun ruled only 9 years and died very young, at 18, so he is known as The Boy King. He was married to his half-sister Ankhesenamun, daughter of Queen Nefertiti,his step mother.

Some scientists and historians think Tutankhamun was killed by someone else. When his mummy was examined by a CAT scan in January 2005, a very bad break in the leg was found. This may have been from a riding accident. Most scientists now think that Tutankhamun died because his broken leg got infected. Others believe that his vizier, Ay, murdered him, because Ay also succeeded him as Pharaoh. Because of this, Tut was buried in Ay's tomb and Ay in his. Other sources say that he had died from a sickness.

The tomb was discovered in March 1922 by the famous British archaeologist Howard Carter.

Egyptian Jewels

The use of gemstones in Egyptian art has a several thousand year old tradition.

Pharaohs and noble people adorned themselves with gold as well liked and respected dignitaries women. Tombs and funerary masks were richly decorated and the deceased were placed with rich treasures to the afterlife.

The whole art of Egyptian jewelers can be found on these coins again. The most famous pharaohs and gods are beautiful minted in high relief 2 ounces of pure silver, embellished with gold and palladium, a high-quality padprinting and a cartouche with an inlaid genuine gemstone, which is printed with the name in hieroglyphics in 24 carat gold.

Base Metals Bullion: Celebrate Australia – World Heritage Sites – Lord Howe Island Group 2012 $1 Coin at The Perth Mint

  • World Heritage Site Design
  • Lord Howe Island Group Reverse
  • ‘P’ Mintmark
  • Australian Legal Tender
  • Eye-Catching Presentation Card
  • Available Individually or in a Five-Coin Collection with Bonus Album

This beautiful Celebrate Australia release is one of five 2012 $1 coins portraying stunning Australian landscapes and marine environments inscribed on the World Heritage List.

Lord Howe Island Group Reverse

Struck from aluminium bronze, the coin’s coloured reverse represents the Lord Howe Island Group’s stunning landscape and features the Sooty Tern, a native seabird.

‘P’ Mintmark

The coin’s reverse also incorporates The Perth Mint’s ‘P’ mintmark.

Australian Legal Tender

Issued as legal tender under the Australian Currency Act 1965, the coin bears the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II on the obverse.

Eye-Catching Presentation Card

The coin is housed on an eye-catching presentation card, which has a fold-out stand for upright display.

Five-Coin Collection

All coins in the five-coin collection are housed in a great folder to help display and protect your coins. Other Australian Heritage Sites included in the collection are the Wallandra Lakes Region, Kakadu National Park, Fraser Island and Uluru-Kata Tjuta National Park.

Base Metals Bullion: Celebrate Australia – World Heritage Sites – Lord Howe Island Group 2012 $1 Coin at The Perth Mint

Friday, August 17, 2012

2014 FIFA World Cup Brazil™ 1/2oz Silver Proof - Perth Mint

2014 FIFA World Cup Brazil™ 1/2oz Silver Proof Coin featuring:

  • Proof Quality 99.9% Pure Silver
  • Stunning Reverse Design
  • Australian Legal Tender
  • Limited Mintage – 10,000
  • Numbered Certificate of Authenticity
  • Souvenir Presentation Packaging

The FIFA World Cup is the ultimate competition for any football fan. The Perth Mint is thrilled to present this official licensed product for the 2014 FIFA World Cup Brazil™.

Get behind our Australian team with this fantastic memento, as the world’s best players battle it out for final victory.

Proof Quality 99.9% Pure Silver

The coin is struck by The Perth Mint from 1/2oz of 99.9% pure silver.

Original Reverse Design

The coloured coin’s reverse depicts a representation of a soccer player incorporating an Aboriginal motif and a map of Australia. The design also includes the inscription 2014 FIFA WORLD CUP BRAZIL™ and The Perth Mint’s ‘P’ mintmark.

Limited Mintage

The Perth Mint will release no more than 10,000 coins.

Australian Legal Tender

Issued as legal tender under the Australian Currency Act 1965, the coin depicts the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II on the obverse.

Souvenir Presentation Packaging

The coin is presented in a prestigious display case and souvenir shipper that includes a specially designed numbered Certificate of Authenticity.

Thursday, August 16, 2012

Australian Outback 2012 Coloured Kangaroo, Koala and Kookaburra 1/2 Ounce Silver Coin Collection - Perth Mint

Australian Outback 2012 Coloured Silver Coin Collection at The Perth Mint, featuring:
  • Original 2012 Kangaroo, Koala & Kookaburra Designs
  • 99.9% Pure Silver
  • Limited Release – 5,000
  • Australian Legal Tender
  • Numbered Certificate of Authenticity
  • Presentation Packaging
The kangaroo, koala and kookaburra are the most iconic of Australia’s fauna. For the first time, all three designs are being offered in a prestigious and highly collectable three-coin presentation.

The kangaroo represents Australia all around the world. This magnificent creature is designed to hop great distances required for survival in the outback, where water and vegetation can sometimes be scarce. The kangaroo also comes with a ready-made pouch so that it can carry and nurture its young while on the move.

Like the kangaroo, the koala symbolises all things Australian. Often thought to be a member of the bear family, the koala is really a marsupial, with a pouch for its young. In the outback, this wonderful creature has adapted to the country’s extreme conditions by spending its life in trees and feeding on eucalypt leaves. It’s a little known fact that the koala’s fingerprints are remarkably similar to those of human beings.

The Australian kookaburra is world-renowned for its laughing call, which can be heard usually at sunrise and sunset. The eerie laughing has found its way into popular culture, which makes this bird even more unique. Related to the kingfisher family, the extraordinary kookaburra is actually a carnivore and extremely territorial.
The sound of kookaburras singing in a dawn chorus, in the Australian outback, is a truly incredible experience.

Original 2012 Kangaroo, Koala and Kookaburra Designs

The kangaroo coin’s reverse portrays a coloured image of a kangaroo set against a bush scene and windmill. The design includes the inscription AUSTRALIAN KANGAROO.

The koala coin's reverse depicts a coloured image of an adult koala sleeping on the branch of a eucalyptus tree. The design includes the inscription AUSTRALIAN KOALA.

The kookaburra coin’s reverse portrays a coloured image of a kookaburra perched on a tree branch with gum leaves. The design includes the inscription AUSTRALIAN KOOKABURRA.

The Perth Mint’s ‘P’ mintmark and the 2012 year-date are also included on each coin’s reverse design.

99.9% Pure Silver

Each coin is struck by The Perth Mint from 1/2oz of 99.9% pure silver in specimen quality.

Limited Release

No more than 5,000 of these 1/2oz three-coin collections will be released.

Australian Legal Tender

Issued as Australian legal tender, each coin’s obverse bears the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II and the monetary denomination.

Presentation Packaging

This three-coin collection is presented in a prestigious display case with an illustrated shipper and accompanied by a numbered Certificate of Authenticity.

Tuesday, August 14, 2012

The War Medal 1939–1945

The War Medal 1939–1945 was a British decoration awarded to those who had served in the Armed Forces or Merchant Navy full-time for at least 28 days between 3 September 1939 and 2 September 1945. In the Merchant Navy, the 28 days must have been served at sea. It is sometimes described as the "Victory Medal" for World War II, although that is not its correct name.


A circular silver (.800 fine) medal, 36mm in diameter. The British issue medals were made of cupro-nickel.
The obverse shows the crowned coinage effigy of King George VI, facing left, and the legend GEORGIVS VI D:G:BR:OMN:REX ET INDIAE:IMP.
The reverse shows a lion standing on the body of a double-headed dragon. The dragons heads are those of an eagle and a dragon to signify the principal occidental and oriental enemies. At the top, just right of centre are the dates 1939/1945 in two lines.
The ribbon is 1.25 inches wide and consists of 7 coloured stripes: red, dark blue, white, narrow red (centre), white, dark blue, and red, representing the colours of the Union Flag

The medals were issued unnamed; except those awarded to personnel of the Canadian Merchant Marine, the Royal Canadian Mounted Police, the Royal Indian Army, South African and Australian forces, which were named on the rim.
The medal was designed by Edward Carter Preston.

A single bronze oak leaf emblem is worn to signify a Mention in Despatches and a silver oak leaf is worn to signify an award of a King's Commendation for Brave Conduct. There is no bar other than these emblems.

Sunday, August 12, 2012

2013 Pronghorn Antelope - The 5th in the Royal Canadian Mints Wildlife Series

2013 Pronghorn Antelope - The 5th in the Royal Canadian Mints Wildlife Series
Low mintage of Just One Million
9999 Fine 
$5 Legal Tender 
Shipping Mid September 2012!

Saturday, August 11, 2012

The Commodities Futures Trading Commission (CFTC) Silver Investigation

There has been an explosion of interest and commentary these past few days as a result of a front page story in Monday’s edition of the influential Financial Times (of London). The story stated that the CFTC was set to drop its four year investigation into alleged silver price manipulation due to insufficient evidence to bring charges, according to three unnamed sources. 
I went to sleep Sunday evening when the story first appeared prepared to wake up to similar and confirming stories in other publications. Instead, there were no other stories confirming the case was set to be dropped; only strong statements that the FT was story was “premature” and “inaccurate in many respects” by a named source, Commissioner Bart Chilton of the agency.
The CFTC’s silver investigation is a hot button issue and the FT story, as well as Commissioner Chilton’s response to it, set off an outpouring of emotion and conjecture in the precious metals world. And for good reason, as this is an extremely important issue. There can be no greater concern than whether a market is manipulated in price. 
The issue of a silver manipulation is also a divisive matter, even within the CFTC itself; otherwise there likely wouldn’t have been leaks that the investigation was over and the immediate response of not so fast. As is usually the case with extremely divisive issues (like politics and elections), emotions take hold and the real issues can get distorted. 
Let me try to frame the picture in an unemotional manner. Admittedly, that’s no easy task since I was the prime initiator behind this silver investigation and the two prior CFTC silver investigations in 2004 and 2008. (Too bad there’s no Olympic event for initiating government investigations).
However, the truth is that four years ago I was not trying to get the Commission to investigate, as they had just completed a few months earlier, in May 2008, their second silver investigation in four years. By then, I knew where the Commission stood on whether silver was manipulated and it was pointless to ask them to investigate again. I had a different motive in mind when I urged readers to write to the CFTC about the now-infamous Bank Participation Report of August 2008.
That was the report that showed that one or two US banks held an obscenely large and concentrated short position in COMEX silver futures that amounted to 20% of world production and 30% of the entire COMEX silver market. No major market had ever been that concentrated. I knew that this short position was so concentrated that, in and of itself, it proved silver was manipulated because the price would be radically higher in its absence. That is always the litmus test for manipulation, namely, what would the price most likely be if a concentrated position did not exist? 
As a result of the August 2008 Bank Participation Report and subsequent CFTC correspondence to US lawmakers, I also learned at that time that JPMorgan was the big silver short, as I speculated on in this article. This is when and where the precious metals world came to learn that the big silver short was JPMorgan.
I asked readers to write to the CFTC not to investigate silver anew, but for the agency to simply explain how a big bank holding such a large percentage of the market would not be manipulation. This is a question that the Commission should have answered immediately since it was so basic to commodity law. The last thing I intended was for the agency to embark on a multi-year phony investigation as a delaying tactic for not being able to answer a basic regulatory question. 
Because the Commission could not explain the legitimacy of JPMorgan’s concentrated short position, they continued to drag out resolution by pretending to investigate. But four years is an extraordinarily long time for any government investigation, phony or otherwise, and it appears that the CFTC has to confront the issue soon; hence the FT article.
While the FT article was disappointing (at least it mentioned my name in a non-derogatory manner) and Chilton’s response was encouraging, the reality is that it is unlikely that the investigation will be resolved much differently than the version leaked to the paper. For one thing, nobody likes admitting they had royally screwed up and if the Commission were to bring manipulation charges now in silver, it would be admitting that it missed the wrongdoing for the previous two decades, despite continuous and documented warnings from 1986. How likely is that?
More importantly, were the agency to charge JPMorgan with manipulation of the silver price (as it should) that could set off a series of events that could easily grow out of control. One thing that makes the silver manipulation so potentially profound is that the core allegation is of a crime in progress. The CFTC has never busted up a manipulation that was in force; like most government agencies, it only reacts after the fact. Don’t take that solely as a complaint, but more as an observation that governments are more reactive than proactive. 
Because the silver manipulation is very much in force, were it to be terminated by CFTC actions against JPMorgan and/or others, it would be a “live” event for the first time. History shows that all manipulations end violently. In the case of silver, since it has been depressed in price by a downward manipulation, its termination would necessarily cause prices to explode higher. Any charge brought by the CFTC would send a clear signal to the world that silver had been depressed in price and was undervalued and, therefore, should be purchased. This would cause a flood of buying and discourage new selling, causing the price to truly explode, most likely in disorderly market conditions. Do you find it likely that the CFTC would wish to cause that disorderly pricing that could lead to further unsettled conditions in other markets?
If JPMorgan (and perhaps the CME Group) were found to be the main culprits in the silver manipulation and the CFTC brought charges against them, the repercussions to JPM and the CME could be a threat to them as going concerns. It was never a case that JPMorgan couldn’t financially afford to buy back its concentrated silver short position; it was always a case that should JPM ever move to buy back aggressively to the upside that would prove conclusively that it had been manipulating the price of silver all along. 
That would set JPMorgan (and the CME) up for a legal holocaust, both civil and criminal. There has been talk of a civil litigation nightmare for those banks deemed guilty in the developing Libor manipulation; but determining damages will be difficult because the Libor rates were allegedly manipulated both up and down, making the damages unclear and hard to prove. Were there to be findings of a downward manipulation in silver, those damaged, from investors to producing companies and countries could easily demonstrate the damage. Back in the Hunt Bros silver manipulation of 1980, one of the successful litigants was Minpeco, the government producer organization from Peru, who I remember collected more than $100 million. That would be chicken feed compared to the consequences of the much longer downward silver manipulation of today by JPMorgan. And this says nothing of potential criminal liability. 
JPMorgan is perhaps the most important and influential US bank and for the CFTC to move against them in a matter as important as basic market manipulation could lead to unintended consequences that could threaten the world’s financial system. Do you think the CFTC would dare challenge the supremacy of JPMorgan considering that potential financial fall-out? Besides, as I have written previously, JPMorgan is too big to sue, at least matched up against the CFTC. The matter of the bank manipulating any market is something that JPMorgan would defend against to the death, as for it to be found guilty could possibly end the bank in its current form.
JPMorgan would certainly spend $5 billion (only one quarter’s net profits) to fight any charges in connection with a silver manipulation and, at a minimum, delay a legal resolution for decades. On the other hand, the CFTC is struggling to fund the whole agency on $200 to $300 million annually. This is most likely the reason behind the leak to the FT about the silver investigation being dropped, namely, the CFTC is no match for JPMorgan and the agency knows it. This has nothing to do with law, or justice, or doing what is right; it is simply a case that the crooks at JPMorgan (and the CME) can bully anyone they chose, including the US Government. The most plausible alternative explanation, of course, is that the Treasury Dept ordered the CFTC to keep its hands off JPMorgan. Either way, it stinks.
The truth is that the silver investigation was a ruse from the start in that the CFTC could never have moved against JPMorgan or the CME in any circumstance. The proof of that is evident in the many other specific instances of price manipulation in silver that have occurred after the soon to be dropped investigation began. The most obvious instances were the two separate 30% and 35% price smashes in a matter of days that occurred in silver in 2011. There never were such blatant price declines in such a short time in any world commodity in history, to say nothing about there being no obvious supply/demand changes to account for the declines. 
In other words, the CFTC started their third silver investigation four years ago as a way of avoiding having to explain how JPMorgan could be allowed to hold a clearly manipulative concentrated short position and then ignored the two greatest manipulative price events in commodity market history while the phony silver investigation was under way. Think of how devious and dishonest the CFTC has been; it announces a formal silver investigation to avoid having to answer bedrock regulatory questions, then ignores the two most manipulative prices events in history claiming it can’t comment on them because there is an active investigation under way. If government officials could ever be horse-whipped for malfeasance and for failing to protect the public interest, surely the CFTC’s performance in silver would permit it. 
I realize that what I have written to this point paints a picture that is not optimistic for the resolution of the silver investigation that most would favor. I am sorry about that, but I try to be an analyst and not an entertainer. That said I’d like to spend some time explaining why the outcome of a dropped case may not matter much and that the net result is good for silver. 
More than anything, this FT leak was likely a trial balloon for the CFTC to gauge public reaction to it dropping the case. If so, the reaction couldn’t be clearer; even I was taken aback by the near universal condemnation of the agency for proposing to drop the case. I think what got to people the most was the suggestion that the agency would walk away without bothering to explain the concentration and the two historic price drops of 2011, to say nothing of the almost daily beatings in silver as a result of crooked High Frequency Trading. If anything, the FT article may have given legs to the silver manipulation allegations.
While it was a mainstream media publication that leaked the story, the silver manipulation is surely not a mainstream media issue. The silver story is an Internet and private publication issue that grew despite being ignored in the mainstream media. As such, any declaration that the matter is now closed will not close it anywhere outside the MSM, where it was never accepted to begin with. It’s not just that the silver manipulation was never accepted by the MSM, it was more a case of it never being allowed to be openly discussed. But legitimate questions of undue market concentration and historic and unjustified silver price movements are matters worthy of transparent examination that MSM censorship has been unable to stifle. 
Not only is the matter not going away, the leak to drop the case may bring greater attention to it. Such attention could prove to be the death knell for the silver manipulation, as the last thing the silver manipulators want or need is a fully transparent examination of the facts. One of my longest held beliefs has been that as time rolls on more would become aware of the real silver story and once they did, more investment demand in silver would result. That has occurred and any new attention brought to silver as a result of a dropped investigation will likely accelerate the process.
The truly amazing thing is in how slowly the real silver story has spread in the ranks of super big investors. Aside from Eric Sprott, very large investors have overlooked the silver story completely. I am as certain as I can be that these very large investors just haven’t taken the time to look objectively at silver. I think it’s a case of silver being such a universally known item that most people assume they already know all the facts because they know what silver is. 
This includes very large investors who, in addition, may actually be turned off that so many smaller investors have invested in silver. It’s a common human failing to dismiss something because others thought to be less knowledgeable got there first. In the long run, however, very large investors are more concerned with superior returns, so the key is getting them to look at silver objectively. The dropping of the silver manipulation may be that key.
Perhaps the most amazing thing of all, at least to me, is the glaring fact that even after four years of non-stop public allegations about involvement in the silver manipulation, JPMorgan still remains the big short. It is hard for me to comprehend how such a large and powerful financial organization (as well as the CME) could silently tolerate the obvious reputational damage which is accruing. While JPMorgan’s short COMEX silver position is in the lower range of what it has been since the Bear Stearns takeover of March 2008, it remains shockingly large and concentrated. After last week’s big increase of 3000 contracts, JPM’s short position, at 18,000 contracts (90 million oz), is still more than three and a half times the proposed position limit in silver.