Silver Dollar Coin Anniversary Act signed into law
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News Date: January 5, 2021
On January 5, 2021, Donald Trump signed into law H.R. 6192, the "1921 Silver Dollar Coin Anniversary Act," which requires the Department of the Treasury to mint and issue coins in honor of the 100th anniversary of the completion of coinage of the Morgan dollar and the 100th anniversary of the commencement of coinage of the Peace dollar.
The Act does not call out any mintage limits, only that the coin is authorized to be sold in 2021 and that the coins will have the exact same designs of the 1921 Morgan and 1921 Peace dollar coins.
$1 Silver Coins. The Secretary of the Treasury shall mint and issue $1 coins, each of which shall:
(1) weigh 26.73 grams;
(2) have a diameter of 1.500 inches;
(3) contain not less than 90 percent silver;
(4) have a reeded edge.
Sources www.congress.gov
Tether Reveals $8B Gold Stash in Secret Swiss Vault
π₯ July 8, 2025: Tether, issuer of the worldβs largest stablecoin, quietly amassed 80 tons of gold worth $8 billion β stored in a private Swiss vault.ποΈπ Now among the worldβs top non-state gold holders, Tether aims to grow this treasure trove even further. ππ
π June 3, 2025: Tether has just introduced XAUt0, an omnichain gold-backed token now available on the TON blockchain. This move boosts interoperability and mobility of digital gold across multiple networks, bringing the stability of precious metals into the Web3 era.π‘π
June 18, 2024: Tether has introduced Alloy, a series of gold-collateralized assets.
The first product, AUSDT, is a token that mirrors the U.S. dollar's value but is backed by Tether Gold (XAUT).
This innovative approach, created by Tether's subsidiaries, Moon Gold NA and Moon Gold El Salvador, aims to provide stable, gold-backed digital assets.
CEO Paolo Ardoino highlighted the novelty and potential market impact of this mechanism.
Initially available on the Ethereum blockchain, AUSDT allows XAUT holders to transact in a dollar-like currency, with over 8 million AUSDT issued, supported by more than 140 kg of gold.
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Saudi Arabia ready for SCO
At the initiative of the Saudi side, Vladimir Putin had a telephone conversation with Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud.They discussed cooperation in the SCO , MBS expressed his readiness to actively participate in its work.
The parties also discussed the coordination of the two countries in order to ensure stability in oil market.
Sources: kremlin.ru
National coin shortage
US is experiencing a national coin shortage in several states as an excuse to COVID-19 pandemic.Also, The Federal Reserve ordered 34 major US banks to suspend share buybacks in the third quarter and limit dividend payments to shareholders.
Source:twitter.com
Former FED chairman: gold is currency
Alan Greenspan served five terms as chairman of the Board of Governors of the Federal Reserve System.Greenspan once said: I view gold as the primary global currency.
It is the only currency, along with silver, that does not require a counterparty signature.
Gold, however, has always been far more valuable per ounce than silver.
Gold is still, by all evidence, a premier currency, where no fiat currency, including the dollar, can match it.
Sources: cmi-gold-silver