News
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May 20, 2016
In 2015, Texas Governor Greg Abbott in 2015 signed into law an act establishing a state bullion depository at no cost to taxpayers. He intends to enter into a public-private partnership with a qualified company to provide a secure, physical depository and an agency of innovation.
A non-banking financial facility will provide Texans with secure resources for a wide range of gold-backed financial services privately sponsored and publicly supervised by the state of Texas.
Through our support of this bill and our ongoing participation with the state comptroller's office, we recently presented our vision at the Texas Republican convention. As you can see from the headlines below, our vision for the Texas Bullion Depository caught the eye of more than just Republican delegates and lawmakers.
Here is coverage from the Austin Statesman:
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May 20, 2016
In 2015, Texas Governor Greg Abbott in 2015 signed into law an act establishing a state bullion depository at no cost to taxpayers. He intends to enter into a public-private partnership with a qualified company to provide a secure, physical depository and an agency of innovation.
A non-banking financial facility will provide Texans with secure resources for a wide range of gold-backed financial services privately sponsored and publicly supervised by the state of Texas.
Through our support of this bill and our ongoing participation with the state comptroller's office, we recently presented our vision at the Texas Republican convention. As you can see from the headlines below, our vision for the Texas Bullion Depository caught the eye of more than just Republican delegates and lawmakers.
Here is coverage from the Forth Worth Star-Telegram:
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May 20, 2016
In 2015, Texas Governor Greg Abbott in 2015 signed into law an act establishing a state bullion depository at no cost to taxpayers. He intends to enter into a public-private partnership with a qualified company to provide a secure, physical depository and an agency of innovation.
A non-banking financial facility will provide Texans with secure resources for a wide range of gold-backed financial services privately sponsored and publicly supervised by the state of Texas.
Through our support of this bill and our ongoing participation with the state comptroller's office, we recently presented our vision at the Texas Republican convention. As you can see from the headlines below, our vision for the Texas Bullion Depository caught the eye of more than just Republican delegates and lawmakers.
Here is coverage from the Dallas Morning News:
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May 17, 2016
Gold demand reached 1,290 tonnes Q1 2016, a 21% increase year-on-year, making it the second largest quarter on record. This increase was driven by huge inflows into exchange traded funds (ETFs) – 364t – fuelled by concerns around the shifting global economic and financial landscape. Higher prices and industrial action in India pushed global demand for jewellery down (-19%), while total bar and coin demand was marginally higher (+1%). Central banks remained strong buyers, purchasing 109t in the quarter. Total supply increased 5% to 1,135t. Hedging by producers (40t) supported an increase of 56t in mine supply, although countered by a marginal decline in recycling.
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April 08, 2016
The vast majority of vintage coins exist in circulated condition. Since they were typically made to be used in everyday commerce, they are usually encountered with some degree of wear. The extent of the circulation, however, is a major component of a coin’s value. Lightly worn pieces with minimal loss of detail or luster will command a far higher price than a heavily circulated specimen. To help classify the degree of wear, numismatists have established nine major categories of circulated coin grades.
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April 07, 2016
As is the case with most major historic events, the effects of World War II had an impact on American numismatics. The war generated an immense demand for copper, as it was desperately needed for ammunition. Therefore, the United States Mint was obliged to use a different alloy for the one-cent “penny.” After experimenting with numerous substitutes – including even plastic – the government finally settled on a zinc-coated steel alloy as a replacement material.
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April 06, 2016
Bill Gates. Warren Buffett. Mark Zuckerberg. George Soros. Charles and David Koch.
On an individual level, the people that make the definitive list of the Top 50 Wealthiest Billionaires are interesting, divisive, and envied around the globe. Together, they are a real force to be reckoned with: their combined fortunes tally to $1.46 trillion, which is more money than the GDP of entire countries such as Australia or Spain.
Today’s data visualization, using the latest information from Wealth-X, takes an in-depth look at the world’s wealthiest billionaires by breaking down important data on age, location, and the source of their fortunes.
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April 06, 2016
The category “Classic Head Gold Coinage” refers to a series of Quarter Eagles and Half Eagles produced in the 1830s. The design for these coins was first introduced in the early 1800s for the Half Cent and One Cent coins, but was retrofitted for the $2.50 Quarter Eagle and $5 Half Eagle in 1834. The motifs would be discontinued shortly thereafter; the Half Eagle switched to the Coronet design in 1839 and the Quarter Eagle followed suit in 1840.
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April 05, 2016
Since the United States Mint began producing gold coins in 1795, it has always used an alloy of both gold and copper. The primary purpose, originally, was to make the coins both larger and stronger. Pure 24 karat gold is extremely soft and vulnerable to wear, damage and deterioration. Even after being mixed with copper, gold is still softer than hard metals like nickel. Another reason for the copper blend was to make the coins bigger and easier to handle.
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April 04, 2016
A popular way of collecting United States Gold coinage is to target the first year of issue for each series. Luckily, most first year issues are relatively affordable. They typically have higher mintages and, due to their first year status, were saved as souvenirs. For this reason, first year issues are often quite available and affordable. This article provides a list of interesting and reasonably priced first year of issue gold coins that can be had for $1500 or less.