One of the facts of the post-industrial world is that affluent societies waste a great deal of resources, whether it is food, energy, or otherwise. In Switzerland, where 70% of the world’s gold gets refined, trace amounts of precious metals (primarily gold and silver) have been detected in the country’s waste water. The concentrations are […]
This year, there’s been a great deal of construction and infrastructure improvement in the Russian capital of Moscow. Amid the building projects and renovations, a surprising side-effect has emerged on more than one occasion: Rare old coins are being recovered from the construction sites!
Though it is not the first of its kind, the current FBI case against traders who tried to manipulate the precious metals markets is noteworthy for its focus on the guilty individuals rather than the institutions as a whole. (To date, most of these major banks have been fined billions of dollars already for their […]
As a wave of support for reform across the federal government gains steam, there is one “federal” institution that tends to resist any calls for transparency or reform: The Federal Reserve. The nation’s central bank is sometimes characterized as the fourth branch of government due to the importance of monetary policy on the U.S. and […]
On rare occasions, the most fantastic discoveries are made by pure accident. This is true not only throughout human history, but also applies to our daily lives. For one eight-year-old girl in Israel, this absolutely turned out to be the case!
It is commonplace today to refer to clever, beneficial innovations as hacks. So a life hack is a positive habit or practice; or a high-powered health regiment might be called a bio-hack. When it comes to financial hacks—no, not the shady fund managers or brokers—the “next big thing” seems to be cryptocurrencies and the blockchain […]
It’s intriguing for coin collectors to discover how error coins come to be. Government mints are pretty orderly operations, and have not just a number of anti-counterfeiting measures in place but also an array quality control features to keep such “defective” coins from making it out of the mint. Another such error coin has apparently been […]
Exaggerated and seemingly outlandish predictions and forecasts about asset prices abound all over the internet, and even the mainstream of money managers and the financial news. Gold is no exception to this reality that affects all sorts of financial endeavors, from investing to trading to estate planning.
One prominent numismatist and researcher is convinced he has successfully traced back and identified which rare post-colonial coin was the first ever struck under the official auspices of the U.S. government.
Of all the theories surrounding lost or hidden treasure throughout human history, there are none more durable in the minds of 21st century audiences than Nazi gold.
In India, a country already so hungry for gold, there may be a new source of precious metals to meet the public’s seemingly insatiable desire for the yellow metal. The catch? It’s effectively at the bottom of the ocean.
It’s always exciting when a longtime collector of coins decides to bring their entire numismatic portfolio to auction. With the most legendary coin collections—such as the staggering Pogue or Newman ensembles of U.S. coins—the sale is not just broken into many separate lots for bidding. They must in fact be split into several separate days of auctions. […]
There is a growing trend spreading like wildfire across the investing community as more and more signs point toward a possible market disruption in the near future. It’s not simply a rush to safe havens like gold; it’s a veritable gold rush of storing precious metals in vaults. The Essentials of Storage Many people who […]
In the case of a bizarre but successful heist of one of the world’s two largest gold coins, it appears that authorities are finally closing in on solving the crime.
In another blow to the rising star of Bitcoin and other cryptocurrencies or blockchain platforms like Ethereum, one of the world’s largest Bitcoin exchanges was victimized by hackers, with a significant number of digital “coins” stolen.
One of the greatest problems of national importance—and literally of national security concern—is the ever-growing level of U.S. debt. It’s the looming problem, the proverbial “elephant in the room,” that never gets addressed. Our policymakers simply kick the can down the road on the debt issue every time. However, even more than eight years after the […]
Regrettably, all war involves destruction and theft of the losing side. Thus it’s no surprise that the aftermath of the Second World War was one of the greatest transfers of wealth in human history—through war spoils as well as more disinterested “looting” from the rubble of Europe. We’ve come to associate looting with riots, chaos, and […]
The seven-year hunt for the Forrest Fenn Treasure may be coming to an end, but not how many people, including Fenn himself, expected. Paris Wallace recently became the second person to die while searching for the fabled treasure. New Mexico authorities are now calling for an end to the contest. The mystery of the bronze […]
Combating counterfeits and theft are among the chief concerns facing any government mint. In an effort to both weed out and deter fakes of all sorts, many mints have begun including special security measures on their gold and silver bullion coins. Over time, these anti-counterfeiting measures have grown more and more sophisticated.
Let’s be loud and clear about this point: American citizens, and human beings more generally, have a right to hold wealth in a tangible form that cannot vanish from an electronic bank ledger in a moment. This would seem to be an incontrovertible truth. It’s a matter of privacy. In some cases, this simply means […]