Australia's biggest gold refiner, the Perth Mint, is developing its own cryptocurrency backed by physical precious metals.
The ambitious plan, which is subject to a confidentiality agreement, will make it easier for consumers to buy gold.
The mint also plans to make use of blockchain technology, first used as the core component of the digital currency Bitcoin, where it works as a public ledger for transactions.
Orders placed and funded on or before Wednesday, December 20th will ship no later than Thursday, December 21st. We will not ship any orders from December 22nd-December 26th.
UPS Next Day Air
For orders of $1,000 or more, we offer free shipping via UPS Next Day Air. Estimated transit time is 1 day. We expect orders that are placed and funded on or before Wednesday, December 20th to arrive in time for Christmas.
UPS Sure Post
For orders between $100 and $1,000, we offer free shipping through UPS SurePost. Estimated transit time is 3-5 days. Orders placed between now and December 23rd are unlikely to arrive in time for Christmas. If you need your order before the holiday, please upgrade your shipping method to Second Day Air and place and fund your order before December 20th.
UPS Mail Innovations
For orders less than $100, we offer free shipping through UPS Mail Innovations. Estimated transit time is 5-7 days. Orders placed between now and December 23rd are unlikely to arrive in time for Christmas. If you need your order before the holiday, please upgrade your shipping method to Second Day Air and place and fund your order before December 20th.
For last minute gifts, another option is our Amazon store. The products we sell on Amazon ship from Amazon's fulfillment centers and qualify for Amazon Prime.
Each state in the U.S. is unique, with different economic prospects and opportunities available to its residents.
For example, in a state such as New York, there is a surplus of high-paying jobs available in tech and finance sectors. Meanwhile, in places like North Dakota and Alaska, there is an incredible endowment of natural resources that help create an opportunity for the people living there.
*During long holiday breaks, such as Thanksgiving, Christmas, and New Year's, please note that we do "hold" packages from shipping on certain days for security reasons (packages lingering in sort facilities around holidays pose higher security risks). We believe this grace period is in the customer's best interest, and could potentially impact the 3-day shipping window slightly.
The third quarter saw a 9% year-on-year (y-o-y) drop in gold demand to 915 tonnes (t). Year-to-date (y-t-d) demand was down by 12%.1 ETFs had another quarter of positive inflows, but at 18.9t, they fell far short of the 144.3t influx in Q3 2016. A softer quarter in the jewellery sector (-3%) accounted for 17t of the y-o-y decline. Demand from other sectors firmed: central banks bought a healthy 111t of gold (+25% y-o-y) while bar and coin investment strengthened by 17% (to 222.3t), albeit from a low base.
Millions, billions, and trillions…
When we talk about the giant size of Apple, the fortune of Warren Buffett, or the massive amount of global debt accumulated – all of these things sound large, but they are actually extremely different in magnitude.
That’s why visualizing things spatially can give us a better perspective on money and markets.
Even today, with all the technology of the modern world, the minting process is not perfect. Frequently, a mint will commit errors in the minting process. These are referred to as “mint-made errors.”
Note that in numismatics, the term “variety” typically refers to types of coins with both intended and unintended characteristics. On the other hand, an error is almost always and unintended consequence of a minting process. There are three basic categories of mint-made errors: Strike errors, hub-and-die errors, and planchet preparation errors.
In the 1780s, the economy of the nascent United States suffered from a lack of circulating coinage. As the US Mint had not yet been established, some states contracted with private enterprises to produce copper coinage. Ephraim Brasher, a skilled gold, and silversmith in New York City petitioned the State of New York in 1787 with a proposal to produce copper coins for that state. His proposal was rejected, but soon after Brasher produced a handful of pattern coins in gold. It is still unclear if they were truly pattern coins for the proposed copper coinage or simply privately-minted gold coins. Either way, “Brasher’s Doubloons” have become some of the rarest and sought-after coins in American history.
The U.S. economy is massive on a global scale, and much of the country’s economic capabilities can be traced back to the innovation, knowledge, and productivity that tends to be clustered in urban areas.
The fact is that 80% of Americans live in cities – and the 10 largest metro areas alone combine for a whopping 34% of the country’s total GDP.