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