Senators Want to Dump Dollar Bills for $1 Coins
2012-02-03 20:27:31
In what could end up being an about-face in government policy, new legislation was introduced in the ...
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In what could end up being an about-face in government policy, new legislation was introduced in the United States Senate on January 31, 2012 seeking to replace paper dollar bills with $1 coins.
The proposed bipartisan bill is entitled the Currency Optimization, Innovation, and National Savings (COINS) Act, S. 2049, and was introduced by Senator Tom Harkin of Iowa and Senator John McCain of Arizona.
If passed and signed into law, the COINS Act would effectively serve as a reversal to the December 2011 order [...]
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In The Lead – Written In Cement?
2012-02-03 20:08:08
Spot gold dealings opened flat, near the $1,759 bid level but it then fell by $25 to near the $1,735 ...
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Spot gold dealings opened flat, near the $1,759 bid level but it then fell by $25 to near the $1,735 area shortly after the release of the jobs statistics and then the ISM services index and factory orders numbers this morning.
Recent advances (7.4% on the 30-day chart) in the value of the yellow metal had already prompted contrarian calls (based on the readings of gold newsletter sentiment data) for caution, and then some. So long as gold does not manage a close above the $1,803 area (according to EW analysis) the metal has the potential to turn lower after the current rally runs out of steam [...]
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Teletrade Redesigns Website and Improves Coin Bidding
2012-02-03 09:23:28
Teletrade, America's premier Internet auctioneer of certified coins and currency, is proud to ...
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Teletrade, America's premier Internet auctioneer of certified coins and currency, is proud to announce the new Teletrade.com, launched February 2, 2012. The new website features a fresh look, easy navigation, and increased focus on our collectors' and consignors' needs.
In addition to the redesign Teletrade has also made several changes to the bidding structure, most notably, No Hidden Reserves -- all bidding will now open at the opening bid or one bid increment below the reserve to increase bidding transparency [...]
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Gold Hits 2-Month High as Silver Tops $34, US Bullion Eagles Advance
2012-02-03 01:51:52
Gold reached a two-month high and advanced for a third straight session Thursday. Earlier in the day ...
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Gold reached a two-month high and advanced for a third straight session Thursday. Earlier in the day, Federal Reserve chairman Ben Bernanke reminded investors of the Fed's intentions to keep interest rates near zero until late 2014. Bernanke also noted that there were some signs of an improving U.S. economy but that there are difficult times ahead. His comments were taken as bullish for commodities.
Gold prices added $9.80, or 0.6%, to $1,759.30 an ounce in the April futures contract on the Comex in New York [...]
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American Gold Eagle Bullion Coin Sales Rally in January
2012-02-03 00:10:56
Demand for 22-karat American Gold Eagle bullion coins grew for a second straight month in January. ...
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Demand for 22-karat American Gold Eagle bullion coins grew for a second straight month in January. The United States Mint reported sales of 127,000 ounces, marking a gain of 61,500 ounces, or 93.9%, over the previous month.
With that total, the month ranks as the fourth best January in the twenty-six year history of American Eagle program. It is also the highest monthly amount since January 2011 when 133,500 ounces were ordered [...]
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