US Mint increases prices on silver products

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News Date: October 13, 2020

The United States Mint recently adopted a new strategy for pricing products in its silver numismatic products portfolio. Prices for products containing silver will change EFFECTIVE October 13, 2020-applicable to silver products already on sale/those yet to be released.
In order for the United States Mint to cover rising costs, meet its fiduciary responsibility to operate at no net cost to taxpayers, and return money to the Treasury General Fund, re-setting silver prices is necessary.
The Mints goal, as a financially responsible Federal agency, is to always provide the best quality numismatic products while maintaining fair prices.
The first objective is to ensure that the numismatic portfolio (all product lines together) be self-sufficient and cover all associated costs. The new silver prices reflect a sound business decision aimed at meeting these obligations.
(No tax dollars are used to fund numismatic operations.) The United States Mint will continue to look for operations optimization and cost reduction efforts to deliver superior quality numismatic products at a fair price.
Sources:www.federalregister.gov, twitter.com, www.coinworld.com

Corrupt Systems Implosion

Markets will have to absorb higher rates, and there is too much debt.
This is one of the best macro setups in history for Gold & Silver.
Precious metals will see dramatic wealth enhancement when inherently false & corrupt systems and currencies collapse under their own weight.
More money creation is just a masked form of bankruptcy in which default is "avoided" at the expense of the underlying currencies.
In such inevitable cycle-turns, the real advantage of precious metals will rest in their historical role as wealth preservation insurers.
The supply of these critical assets will make them harder to acquire.
The key, therefore, is to buy your insurance before rather than after the financial fire.
Source: youtube.com

Biblical conjunction of Jupiter and Saturn on December 21

The alignment of Jupiter and Saturn will appear in the skies on December 21, the winter solstice. The last time the rare alignment of the planets was this close was in 1623, nearly 400 years ago. That was only 14 years after Galileo discovered the moons of Jupiter with the invention of the telescope.
Days before Christmas, Jupiter, and Saturn will look like one bright star - some believe the alignment is the same described in the Bible.
This alignment should lead to realization, possibly a great awakening.
Sources: truepundit.com, www.youtube.com, www.theblaze.com

UN Urges Debt Relief for Developing Nations

The United Nations Development Programme (UNDP) warns that the debt crisis in developing nations has reached unprecedented levels, with debt servicing consuming an increasing share of national revenues at the expense of development.
A new policy brief, released ahead of the G20 finance ministers meeting in Cape Town, highlights that 56 developing countries now spend over 10% of their revenue on interest payments, with 17 exceeding 20%, heightening default risks.
Total external public debt for the 31 poorest nations at risk of debt distress is estimated at $205 billion, while global debt servicing reached a record $1.4 trillion in 2023.
UNDP urges immediate reforms, including a more effective debt restructuring framework, systemic relief initiatives, and reduced borrowing costs to prevent a lost decade of development.
The upcoming Financing for Development conference in June will be a key platform for addressing these urgent issues.

World Bank President:China needs to participate in debt relief

World Bank President David Malpass said that the Chinese government and its creditors need to participate in coordinated efforts to provide debt relief to the world's poorest countries, as China has become a major creditor to the developing countries of the world.
Source:finance.yahoo.com

Digital Gold Currency Fueled by Constitutional Roots

Utah state Rep. Ken Ivory is spearheading a groundbreaking effort to allow vendors to receive payments in gold and silver through a digital platform backed by physical metals. Speaking on the John Solomon Reports podcast, Ivory expressed optimism about overriding Gov. Spencer Cox’s veto of the bill, noting that the state House has already approved a veto override session. This legislative momentum underscores Utah’s commitment to exploring innovative financial systems rooted in constitutional principles.
Ivory emphasized Article I, Section 10 of the U.S. Constitution, which declares, “No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts.” He argued that this clause supports the bill’s importance, calling gold and silver “constitutional money.” The proposed system would be voluntary, using digital delivery to modernize the use of precious metals without violating federal law or the Constitution’s ban on fiat currency.
In a parallel move, Texas lawmakers have introduced bills to create a gold-backed digital currency, signaling a broader trend among states to align financial innovation with constitutional intent. Ivory highlighted the urgency of Utah’s initiative, positioning it as a potential model for blending historical monetary standards with 21st-century technology. As both states advance, they may pave the way for a new era of trusted, metal-backed digital payments.