Coin Shop Blog

– “Without gold I would have starved to death” – Ewald Nowotny, governor of Austrian central bank and member of ECB's governing council – “I was born in 1944. When I was a baby, my mother could only buy food because she still had some gold coins…” – “When the going gets tough, gold becomes the ultimate money” reports Die Presse In the vault: Austrian Central Bank director Kurt Pribil, ECB Governor Nowotny and “Press” editor Nikolaus Jilch. – The Press (Clemens Fabry) by Die Presse Editor Nikolaus Jilch Under central bank governor Ewald Nowotny, Austria has brought back half of [...]

Los Andes Copper Ltd. (TSXV:LA) (“Los Andes”, or the “Company”) is pleased to announce the closing of the second and final tranche (the “Second Tranche”) of its non-brokered private placement (the “Private Placement”) announced in its news releases dated April 26, 2018, and May 7, 2018, for gross proceeds of $6,246,900. On June 7, 2018, the Company issued 18,930,000 Units (each, a “Unit”) to Resource Capital Fund VI L.P. (“RCF VI”) at a price of $0.33 per Unit. Each Unit consists of one common share of the Company (a “Unit Share”) and one-half of one transferable common share purchase warrant (each [...]

  Swiss Government Pension Fund Allocating 2% Of Pension Fund To Gold Bars via IPE Quest The Swiss government pension fund, Switzerland's AHV/AVS fund, has decided to diversify into physical gold bars in their substantial CHF35.2bn (€30.5bn) pension portfolio. At the end of last week the first pillar buffer fund tendered a custodianship and storage for CHF 700m (EUR 600m / USD 700m / GBP 525m) in gold bars via IPE Quest. The bars are to be stored in Switzerland either collectively or individually, the tender (QN-2447) states. The tender marks a shift in the investment strategy for AHV/AVS, as [...]

On Thursday, and for a second time this week, precious metals futures ended divided with gold and silver higher and platinum and palladium lower. Silver scored a seven-week high while gold ended at a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

  Swiss Government Pension Fund Allocating 2% Of Pension Fund To Gold Bars via IPE Quest The Swiss government pension fund, Switzerland's AHV/AVS fund, has decided to diversify into physical gold bars in their substantial CHF35.2bn (€30.5bn) pension portfolio. At the end of last week the first pillar buffer fund tendered a custodianship and storage for CHF 700m (EUR 600m / USD 700m / GBP 525m) in gold bars via IPE Quest. The bars are to be stored in Switzerland either collectively or individually, the tender (QN-2447) states. The tender marks a shift in the investment strategy for AHV/AVS, as [...]

By Joshua McMorrow-Hernandez, Editor   For many, it's hard to imagine that there are any coins worth looking for in circulation these days. Many of the hobby's more seasoned veterans remember a time five or six decades ago when 90% silver coins appeared in regular circulation and classic issues such as Buffalo nickels, Barber coinage, Mercury dimes, Standing Liberty quarters, and others could be found with some frequency.   Today's circulating coins may look different, but that doesn't mean it's a waste of time to turn to bank rolls, which are still fertile searching grounds for patient coin collectors. Here [...]

Aside from gold which declined modestly, precious metals futures advanced Wednesday. Gold's loss was its fourth in five sessions. Silver, meanwhile, climbed for a second day in a row and closed at an... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

By Joshua McMorrow-Hernandez, Editor   It's a great feeling to be watching the evening news, or reading a newspaper (I still do), or scrolling through news websites and suddenly see - or hear - a story about the latest rare coin auction. It's that same vibe of excitement you probably get if you're from a small town that for whatever reason makes it into the national news… For positive reasons, you hope! Having family ties to Braintree, Massachusetts, it gives me the “feels” when I'm checking out the news from my Florida home and the name of that small Boston suburb [...]

Constantine Metal Resources (TSXV:CEM) has announced commencement of a 10,000 meter drill program with two rigs at the Palmer copper-zinc-silver-gold joint venture project in Southeast Alaska. According to the company that objectives of the drill program are to systematically define and expand the south wall and RW zone mineral resources, expand the AG zone, a new silver-gold-zinc rich discovery made last year, and test other never before drilling prospects across the district scale project area. As quoted in the press release: Two high priority targets are the Boundary and HG prospects, neither of which have ever before been drilled. The [...]

by Simon Constable for Middle East Eye Turkey's central bank has accumulated an additional 400 metric tonnes of gold since 2011 (Image via Wikimedia) Turkey's economy has been in a tailspin with an inflationary currency, but the country is using something rare to help stabilise itself: gold. In late 2011, Turkey started to allow commercial banks to use gold instead of the Turkish lira for their required deposits at the central bank. These deposits are known as reserve requirements and help ensure that the banks are capitalised. Over the past six-or-so years, Turkey's central bank has accumulated an additional 400 [...]