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The one-cent copper coin was made at the Mint in Philadelphia in 1793, the first year that the U.S. made its own coins. James Halperin of Texas-based Heritage Auctions said the sale was “the most a United States copper coin has ever sold for at aucti
We recently received a great question from a reader, Chuck, who asked, “Simon, I’m going to HK in 10 days to open a bank account, and I know there are options to do this in several foreign currencies. What foreign currency would you recommend to hold
The euro zone maelstrom refuses to end. Thanks to the debt crisis, some Greek officials are contemplating dumping the common currency for the drachma. Meanwhile, Italy and Spain teeter.
Nobody knows what is going to happen in the next year, let alone in the next three years. What follows is the theory behind the European Politicians losing the currency chess game.
China on Wednesday pledged to make its exchange rate more “flexible”, a day after the United States said the yuan was undervalued, though it declined to name Beijing a currency manipulator.
As states pass laws to rein in lenders who deal in high-interest, short-term loans, tribes and their online lending ventures are filling the void. The Internet lets them reach beyond the isolated reservations to borrowers across the nation.
Economic woes in Europe and U.S. have undermined market confidence in the dollar and euro, but investors looking for a safe place to store their money have few other currency options.
Hey Freedom's Phoenix! Merry christmas! I'd like to draw your attention to Bitcoins, if you're not already aware of them. They're a distributed currency that is not centrally owned or operated. The system has been in place for three years w
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Back in December 2006, the US Mint, in yet another power grab over economic life, made it illegal to melt pennies and nickels in addition to exporting large quantities of either.
It's worth revisiting why the memory of hyperinflation has seared itself into the minds of many Germans, and how it's shaping their thinking and the future of the euro itself.
Gold & silver get all the press, but copper is up as well.An old penny it worth more than double it's face value. But you can't melt down pennies,...YET.
The U.S. Congress is currently considering a bill (HR 2977 “Currency Optimization, Innovation, and National Savings Act” also called the COIN Act; not to be confused with HR 2635 “Cutting Out Inefficient and Needless Spending Act” or COINS Act) that
The original version of the bill required that anyone selling second-hand goods make a detailed recording of any cash transaction. But somewhere along the way, that bill was amended, and the final version bans cash transactions
People sign up online and get access to a database that is kind of like a members-only Craigslist. One unit of TEM [Local Alternative Unit] is equal in value to one euro, and it can be used to exchange good and services.
Fighting back against ObamAmerica's anti-wealth policies? Every little bit helps and this might help you and your friends find some extra cash. It's true! Lat year I pocketed about $500 extra cash just by checking the change I got every day!
Britain's economic prospects are deteriorating so swiftly that the Bank of England on Wednesday signaled it was on the verge of pumping in more money to support growth, potentially as soon as October.
Switzerland, the nation that hasn’t gone to war with a foreign power since Napoleon, is reluctantly debating a generational taboo: ceding monetary independence to win a battle over its runaway currency.
For decades, the U.S. economy was so dominant compared to the rest of the world that nobody really even challenged the status of the U.S. dollar as the reserve currency of the world.
“Don’t get discouraged by silver not doing as well as gold the last couple of trading days, it is building a base for a breakout above $42. Once that occurs….”
Every country can’t devalue their currency simultaneously without blowing up the entire worldwide monetary system. But, it appears they are going to try. The United States will never actually default on its debts. Bernanke will attempt to default...
Monetary scholar Edwin Vieira ... pointed out that every 30 to 40 years the reigning monetary system fails and has to be retooled. The last time around for the U.S. was in 1971, when Nixon cancelled the convertibility of dollars into gold.
Foreign exchange controls will almost certainly attempt to keep you and your wealth under US government control, to be plundered. You must go international to diversify away from this mounting political risk.
The alpine country of 7.7 million residents holds 1,040 tons worth about $46 billion, almost as much as China, and only decoupled its currency from gold in 2000.
There are a number of reasons that European and U.S. interests have incentive to go after Gaddafi. Gaddafi's plan for a new gold backed currency is likely one of them.
Casey’s arguments against Bitcoin are weak or misleading. His arguments can be applied to gold as well. Casey should rethink his logic before making public pronouncements about the efficacy of Bitcoins as a currency.
"Basically early adopters," he said. "Somebody that was willing to change, willing to see the future, willing to take that chance to do it differently. Austin came right to the top of the list."
The Bank of Canada introduced brand new polymer bills, yesterday. As the Toronto Sun puts it, the move is designed to use high-tech materials to "thwart counterfeiters." The notes, which have two see-through windows, are also cheaper to make and last
At the forefront of this rollout is Google, which has teamed up with MasterCard and CitiGroup to produce the service. It’ll work via Google Wallet2, an app that allows customers with compatible phones to begin using NFC.
Rogers said he believed U.S. should have been downgraded years ago, and Fitch was dillydallying, saying "The rating agencies have gotten it wrong for 10-15 years now. America is bankrupt. What are they talking about?"
“I have very little doubt that we will see some form of currency control within the U.S. and some other countries, because one thing you can count on is that the government never controls itself. What it does is control its subjects.”
