Posted by admin! / Under Silver Bay, New York
F or most of Malaysians the morning on Tuesday, 8th June 2010, was just another morning in their existence - monotonous run on the capitalist treadmill - nothing extraordinary indeed: the same tropical weather (+32C) outside, same sickening news in the media, same interest rates, same order of the day. But for the people of Kelantan this morning was very special: on the 8th June 2010 at 11am the box with the set of the first gold dinars and silver dirhams of the State of Kelantan arrived to Kuala Lumpur from the World Islamic Mint, Dubai. Sending the sample coins...
Published on Thursday 29th of July 2010 04:04:42 PM
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Posted by admin! / Under Silver Bay, New York
New Gold-Backed Currency Could be in Use Next Month By Rocky Vega 07/21/10 Alexandria, Virgina — Malaysia, well, at least its northern state of Kelantan, is putting the Islamic gold dinar and silver dirham into circulation as legal tender and it could be implemented as early as mid-August. It won’t be the first nation using gold coins — Indonesia has already minted about 25,000 pieces for use in Australia, Malaysia, and Singapore — but, they are going to be useable in a rather comprehensive fashion. According to The Guardian: “If information on its website is to be believed, the council...
Published on Thursday 29th of July 2010 04:04:42 PM
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Posted by admin! / Under Silver Bay, New York
New types of money are popping up across Mid-Michigan and supporters say, it's not counterfeit, but rather a competing currency. Right now, you can buy a meal or visit a chiropractor without using actual U.S. legal tender. They sound like real money and look like real money. But you can't take them to the bank because they're not made at a government mint. They're made at private mints. "I sell three or four every single day and then I get one or two back a week," said Dave Gillie, owner of Gillies Coney Island Restaurant in Genesee Township. Gillie also...
Published on Thursday 29th of July 2010 04:04:42 PM
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Posted by admin! / Under Silver Bay, New York
Appetite For Commodities By The Mogambo Guru 07/02/10 Tampa, Florida – I am always worried that I am not ready for something, like “Do I have enough ammo to hold off a horde of desperate people storming the Excellent Mogambo Bunker (EMB)?” which I soon realized was a stupid question since there is no “correct” answer; it all depends on when the crowd of angry, starving people, destroyed by the Federal Reserve creating so much money and the government borrowing it and spending it, decides, “We better not rush the bunker and try to get all his gold and silver...
Published on Thursday 29th of July 2010 04:04:42 PM
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Posted by admin! / Under Silver Bay, New York
A blizzard of paperwork could be about to hit numismatics. Passage by Congress of the national health care legislation has had an unintended consequence to the nation’s coin collectors, vest-pocket dealers who buy and sell coins, and larger dealers who are frequent buyers of coins that collectors periodically liquidate as they trade up their collections for better coins, or simply sell to take a small profit or loss. What has happened is that effective Jan. 1, 2012, the whole system of giving and receiving Internal Revenue Service 1099 forms will be turned on its head and all persons (including corporations)...
Published on Thursday 29th of July 2010 04:04:42 PM
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Posted by admin! / Under Silver Bay, New York
Idaho Republicans held their convention over the past weekend, approving a platform containing some mighty interesting parts of the Tea Party platform -- from state nullification of federal laws, to protecting the institution of marriage from transgendered people, to to a Glenn-Beckesque embrace of gold and silver money. State Rep. Marv Hagedorn (R) told the Associated Press that the push to go further right was a product of disgust with the current status quo from the Obama administration. "It does reflect a change," said Hagedorn. "But it's not a change in our party, it's a change in the White House."...
Published on Thursday 29th of July 2010 04:04:42 PM
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Posted by admin! / Under Silver Bay, New York
Because of recent inquiries to GATA about the possibility of an attempt by the U.S. Government to confiscate privately held gold and silver bullion and coins and shares in companies mining the precious metals, we're republishing here the correspondence between GATA and the U.S. Treasury Department on the subject in 2005. The Treasury Department was surprisingly candid in that correspondence, asserting the U.S. Government's authority, in declared emergencies, to confiscate precious metals and to restrict ownership of mining shares -- and to confiscate and restrict every other financial asset as well. So perhaps precious metals investors shouldn't feel too paranoid.
Published on Thursday 29th of July 2010 04:04:42 PM
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Posted by admin! / Under Silver Bay, New York
Gold dropped on Friday as early buying linked to crumbling stock markets subsided, but a rise in ETF holdings to a record high indicated persistent worries over the global economy. Investors were also looking to the Group of 20 summit this weekend in Toronto, where leaders from rich and developing nations will discuss how to plot the world's emergence from the worst financial crisis since the Great Depression. But any disagreements over the best way to ensure both growth and fiscal responsibility add to global economic uncertainty, which dealers said could lift gold's safe-haven appeal. Spot gold fell 70 cents...
Published on Thursday 29th of July 2010 04:04:42 PM
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