The Financial Times reports this morning that a survey of central bank managers shows a consensus that the USD (United States Dollar) will lose reserve status and is expected to be replaced by a basket of currencies in the years ahead. While this isn’t news to many people, it is significant that it is being…
Get ready. It’s coming. Now it gets interesting. For several months I have been writing on the issue of honest money and its return to America, via the states. Judging from the response (or lack thereof), the issue is still very much off of the radar of the average American, including many hard asset advocates.…
In a statement released yesterday, Kitco Metals, Inc. categorically denies all of Revenu Québec’s allegations that they are guilty of evading sales tax due on their purchases of precious metal scrap. The tax agency, Revenu Québec, has launched a massive investigation which is reported to involve 175 investigators utilizing 70 search warrants to scrutinize the…
That’s right. The summer is heating up. The Ron Paul 2012 Presidential Campaign is heating up. And AOCS Copper is HOT! There are many ways to show the overlords you’re not happy: get out and wave signs. Protest. Call, email and fax your congressman and senators. Vote (or don’t vote). Or, you can strike at…
‘Here’s a novel idea: why don’t we try the gold standard?’ That’s not exactly how he phrased it, but yesterday’s statements by the Governor of the Reserve Bank of Zimbabwe, Dr Gideon Gono, who oversaw the complete collapse of his nation’s economy, are very telling. Gono has held the reins at the bank since 2003…
As the week opens prices in commodities begin to rally with much of the demand coming from overseas markets where silver has enjoyed new-found interest. As price fluctuations rock the experienced traders and keep them on their toes, those outside the industry are beginning to feel the effects of currency devaluation, European sovereign debt concerns,…
It seems everyone is talking about an impending economic collapse. I’ve certainly noticed the price of food and fuel increasing and there’s no shortage of disturbing news stories. An economic collapse–that magical moment when everyone who has been buying and hoarding silver all dig into their stashes and start presenting bullion rounds, junk silver and…
The 30-day Daily Moving Average of spot silver today is $41.61. Welcome to the very beginning of the 60-day countdown! While many more details will follow shortly, we urge AOCS Merchants, Dealers, Collectors and Supporters to keep a close eye on our website for MUCH more insight as to the importance of “move-ups”, what they…
The rumors are plenty and have circulated for some time that Comex, the leading U.S. exchange for metals futures and options trading, may default in the face of demands for physical delivery of gold and especially silver. Now mix in with that the international exodus from the U.S. dollar and a new rumor that a…
The ancient Athenians are believed to have used a silver coin identified as the Drachma, which passed into usage among the Persians with Alexander’s conquests. By the time of the Persian Sassanid Empire it came to be called the Drahm, and by 500 CE, the Arabs were using it as the Dirham. It was this…