Royal Canadian Mint | InvestmentWatch

Silver Panic Imminent? First the US Mint Suspends Sales… Now It’s Canada’s Turn! New iMac Production Delayed Over Silver Shortage. HSBC Purchases $876 Million Worth Of Silver From Poland. China Likes Silver, The World Likes Silver?!?!

First the US Mint suspends Sales… Now it’s Canada’s turn!

US Mint Out Of Silver Coins – Suspends Sales

“Authorized Purchasers,

The United States Mint has temporarily sold out of 2013 American Eagle Silver Bullion coins. As a result, sales are suspended until we can build up an inventory of these coins. Sales will resume on or about the week of January 28, 2013, via the allocation process.

Please feel free to call us if [...]

Sales of American Eagle Gold Coins Soar

from CNBC:

Demand for gold coins in the US has soared since the presidential election, as small investors fret about the lack of action to address America’s ballooning debt.

The US Mint’s sales of American Eagles, one of the most popular gold coins, leapt 131 percent in November, hitting their highest level in more than two years. The Royal Canadian Mint also had its strongest month of sales this year.

Terry Hanlon, president of [...]

END OF THE DOLLAR BILL AND COMMON COINS? Congress Looks At Doing Away With The $1 Bill And The Penny And Nickel Coins!

from AP:

American consumers have shown about as much appetite for the $1 coin as kids do their spinach. They may not know what’s best for them either. Congressional auditors say doing away with dollar bills entirely and replacing them with dollar coins could save taxpayers some $4.4 billion over the next 30 years.

Vending machine operators have long championed the use of $1 coins because they don’t jam the [...]

Last Canadian penny was produced today

Picture: http://images.ctv.ca/archives/CTVNews/img2/20120504/800_last_penny_close_flaherty_cp_120504_430241.jpg?2

Updated: Fri May. 04 2012 10:36:04

John Size, CTVNews.ca

The last penny minted in Canada since its introduction in 1858 is on its way to the country’s currency museum in Ottawa.

Finance Minister Jim Flaherty pushed the button just after 11 a.m. local time (noon ET) at the Royal Canadian Mint in Winnipeg.

After about a minute or so, the final coin dropped into a clear container from the side of the bright yellow [...]

A surprising development could revolutionize how we save and spend money

From Resilient Communities:

The Royal Canadian Mint just announced it is creating its own digital currency.

It’s called the MintChip.

It seems the development of this digital currency is beyond the planning stages, it is well underway. The Canadian Mint is currently running a contest for software developers to spur the development of applications that use the currency… with over $50,000 in prizes. The 500 contest slots were filled in four days.

What is [...]

Canada to axe its penny in fall 2012

By Ronald D. Orol

WASHINGTON (MarketWatch) – The Royal Canadian Mint will end its production of the Canadian penny in the fall, according to a top government official. According to the Royal Canadian Mint, each penny costs 1.6 cents to produce due to rising labor, metal and other manufacturing and distribution costs. It added that Canadians can redeem their pennies at their financial institution or consider donating them to charities.

Gold and Silver News Recap 10/31-11/4 What are ETRs?

The MF Global situation is a perfect example of why you need to own physical assets and be in control. A lot of investors as of Friday November 4 still did not have access to their funds. Like Mike says, “If you can’t hold it, you don’t own it!”

The new ETR program the Royal Canadian Mint unveiled last week is another example of how the powers that be will continue [...]

Demand for physical gold and silver increasing

The physical gold and silver markets are becoming increasingly dissociated from paper gold and silver markets, where derivatives such as futures and options are traded. According to the latest data from Reuters, in 2010 the demand for silver coins increased by 28% to 101.3 million ounces. In addition, recently the Royal Canadian Mint announced that it expected a sales-rise of 30% – to 25 [...]

Maple Leaf silver coins seeing record demand

Reuters Sep 20, 2011 – 2:40 PM ET

The Royal Canadian Mint is on track to raise sales of its silver bullion coins by around 30 percent to 25 million ounces this year and to match last year’s record gold sales of around 1 million ounces, an executive from the Mint said.

Speaking on the sidelines of the London Bullion Market Association annual conference, John Moore, executive director [...]

Think gold may lose some lustre? Eric Sprott sees a silver lining

theglobeandmail.com

Enlarge this imag

Eric Sprott, the perennial gold enthusiast, has his sights set on a new precious metal.

Mr. Sprott’s charitable organization, The Sprott Foundation, is selling two million units of its gold holdings and using the money to buy silver.

The move comes as gold veers close to $1,800 (U.S.) per ounce, and less than a week after Mr. Sprott had declared the metal “the investment of the last decade” [...]

APMEX CEO Says No Bullion Shortage April 28, 2011

Despite recent volatility, gold and silver prices continue to push to new highs. After a brief pullback on earlier this week, silver rebounded strong and once again approaches the $50 level. Gold, which has lagged the price gains in silver, recently rose to a fresh all time high and remains solidly above the $1,500 level.

The rapid rise in silver prices has resulted in the Chicago [...]

Important news for PSLV (sprott silver) holders:

From WSJ:

Does every silver cloud have a dark lining?

Few assets have been hotter lately than silver, which has gained about 160% over the past year. So far in 2011, four major funds that specialize in the gray metal—iShares Silver Trust, Sprott Physical Silver Trust, ETFS Physical Silver Shares and PowerShares DB Silver Fund—are up between 50% and 59%.

The iShares fund has tripled over the past year, to [...]

Royal Canadian Mint Now Saying Itâ€™s Difficult Securing Silver

With continued reports of booming sales and tightness in the silver market, today King World News interviewed Dave Madge director of sales at the Royal Canadian Mint.Â When asked if the RCM is having trouble acquiring silver Madge responded, â€œDemand right now for silver is through the roof and it shows no signs of slowing at this point.Â Sourcing silver is becoming very difficult.Â We [...]

“We have sold everything we can produce in silver and have demand for at least twice that volume,” says the head of sales at the Royal Canadian Mint.

Silver surges another 1.9% to $32.16/oz., even as news floats of an impending margin hike.

From FT:

Silver jumped to a 30-year high amid record levels of investor buying that has drained mints of silver coins.

The price of the precious metal hit $31.37 a troy ounce on Thursday, up 16 per cent since mid-January and the highest since March 1980. The worldâ€™s leading mints have reported record sales of [...]

â€œAlmost anything is better than paper money … any fool can run a printing press.â€

These are not the words of a modern-day gold bug, but attributed to Nelson Bunker Hunt, the billionaire oil baron who went long on silver in the 1970s. So long, in fact, that he and his brother cornered the market, were sanctioned by the regulator for market manipulation and went bankrupt in the process.

After their move, the price of silver hit a peak of $50 an [...]

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