News
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September 05, 2016
In 1866, as the United States was reeling from the effects of the Civil War, Congress authorized using the motto “In God We Trust” on America’s coinage. It was a reflection of the country’s mood and tone; the atrocities of the war deeply affected the American psyche. The United States became more religiously-minded – and our coinage mirrored this fact.
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August 30, 2016
PRESS RELEASE
Release date: AUGUST 30, 2016Texas Precious Metals Partners with Strategic Wealth Preservation (SWP)
Shiner, Texas and George Town, Grand Cayman (August 30, 2016) – Strategic Wealth Preservation (SWP) is pleased to announce its partnership with Texas Precious Metals, who is now offering their clients the ability to purchase and store precious metals offshore at SWP’s Class 3 UL rated vault located in Grand Cayman. Investors have access to an array of bullion products for delivery to both their IRA and non-IRA storage accounts, including the popular 1 oz Texas Silver Rounds. -
August 29, 2016
Whenever the United States Mint releases a new coin, it’s always important news in the coin and bullion marketplace. However, when the Mint announced it would bring back the one-ounce bullion edition Platinum Eagle, investors and collectors were particularly excited. This is one of the most eagerly-anticipated coins in recent memory. The United States Platinum Eagle program was first launched in 1997, but production was curtailed after 2008. Since then very few American Platinum Eagles have been released by the U.S. Mint; they’re in high demand and scarce supply.
The 2016 Platinum Eagle is experiencing intense demand for three main reasons:
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August 22, 2016
Gold demand reached 1,050 tonnes Q2 2016, a 15% increase year-on-year. This is credited to the strong consumer demand in the United States, which increased 33% year-to-year. Investment was up 140% year-to-year and was the largest component of gold demand for two consecutive quarters for the first time ever. Central Bank demand fell 40% to 77t compared to Q2 2015. Total supply increased 10% to 1,145t. Indian consumer demand fell 18% year-to-year because of monsoons which have sucked rural incomes, which curbed demand. There was a resurgence of gold recycling, which led to the 23% increase year-to-year.
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August 22, 2016
The 1870s marked a period of transition for the United States. When the decade began, America was still healing and rebuilding from the Civil War. The era of Reconstruction was still in progress, as it took until the late 1870s to fully reunite the nation and restore the Southern economy. In the West, the country was expanding rapidly—but not without its share of difficulty. Events like the Battle of the Little Bighorn highlighted the tension between Western settlers and Native Americans. The United States was becoming more powerful economically, but it still experienced setbacks like the Financial Panic of 1873. In a nutshell, the 100-year-old country was still encountering growing pains.
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August 15, 2016
The $20 Liberty Double Eagle can trace its roots back to the California Gold Rush. Until 1849, the largest United States gold coin was the $10 Eagle – and for good reason. Ten dollars, in 1849 terms, would be the equivalent of approximately $300 today. Just as few Americans need to use bills larger than a $20 today, larger gold coins were rarely used in the mid-19th century. This all changed, however, when a massive amount of gold started flowing in from central California.
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August 08, 2016
When most investors think of United States silver, the iconic American Silver Eagle usually comes to mind. However, unbeknownst to some, the U.S. Mint produces another silver bullion product: the 5 Oz America the Beautiful coin. Commonly known as “ATBs,” these coins were first introduced in 2010. Each year, five different designs are released with each featuring a different American national park. You may recognize some of the designs from looking at pocket change; they are the exact same motifs as the circulating 25c Quarter Dollar coins.
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August 02, 2016
VICTORIA ADVOCATE - July 30, 2016
The law establishing the Texas Bullion Depository is not about need. It is about value, and the value to the state is realized through revenue, opportunity, and diversification.
First, the depository will cost taxpayers nothing. Zero. The fact that no fiscal note was attached to the bill was the primary reason the bill passed almost unanimously in the House (140-1) and Senate (29-2).
Furthermore, the depository will generate revenue for the state from operations. Since the facility will be funded privately, an additional $20-plus million will be invested into the Texas market, along with at least 50 new jobs.
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August 01, 2016
The Liberty Quarter Eagle, which carried a face value of $2.50, was issued from 1840 through 1907. It holds the unique distinction of being the longest-lived American coin design. Neither the obverse nor the reverse was modified one bit over the coin’s life span. Some might believe the Lincoln Cent holds this record, as its obverse has not changed for 107 years, but the Lincoln “penny” has undergone numerous changes on the reverse.
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July 18, 2016
VICTORIA ADVOCATE - July 17, 2016
The model that sits on the table in Texas Precious Metals' privately owned depository is small.
But the idea captured by the miniature walls is a Texas-sized proposal in response to a uniquely Texas bill.
The model is the Shiner business' proposal for a more than 46,000-square-foot incarnation of the Texas Bullion Depository. The depository is a product of House Bill 483, which introduced a public-private partnership for the only state-owned depository for precious metals such as silver and gold.