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For years, gold was the asset nobody wanted to talk about. It sat there quietly while stocks and real estate continued to rip. Gold was for pessimists. For doomsayers and perma-bears.And then suddenly… gold didn't just wake up. It launched. As of mid-December 2025, spot gold is trading around $4,300–$4,400 an ounce, depending on the market, marking a gain of roughly 60% over the past year and pushing decisively into record territory. The obvious question is: why now? The short answer is that gold isn't reacting to one thing. It's responding to a stacking of pressures that have been quietly building for years and are now impossible to ignore.Start with central banks. For the better part of the last decade, central banks were net sellers or indifferent holders of gold. That changed dramatically after 2022. According to the World Gold Council, central banks have been buying gold at more than double the pace of the pre-COVID years, and 2025 continues that trend, with hundreds of tonnes added to reserves year-to-date. These aren't hedge funds chasing momentum. These are monetary authorities making deliberate, strategic decisions about what they trust to hold value. Why would central banks suddenly want more gold? Because geopolitics has re-entered the chat. We now live in a world where reserves can be frozen, payment systems can be weaponized, and “risk-free” assets depend heavily on political alignment. The World Bank has been explicit that rising geopolitical tensions and global uncertainty are key drivers of gold's surge this year. When trust in the global order erodes, gold benefits. At the same time, the U.S. dollar devaluation thesis is no longer fringe thinking. It is reality.Gold is priced in dollars, and when real yields fall and the dollar weakens, gold historically performs well. That dynamic is playing out again. Reuters has repeatedly pointed to a softer dollar and declining Treasury yields as near-term tailwinds for gold's rally . Bank of America's research echoes this relationship, emphasizing gold's inverse correlation to the dollar and the growing desire among nations to diversify away from dollar-centric reserves . In other words, gold isn't just going up because people are scared. It's going up because confidence in fiat discipline is eroding, slowly but persistently. So…Is gold still a buy or did we miss it? The truth is, both answers can be correct. Yes, gold is expensive relative to where it was a year ago. You don't go up 60% without pulling future returns forward. But what makes this cycle different is that many of the buyers driving demand are price-insensitive. Central banks don't care if gold is up 20% or down 10% in a quarter. They care about long-term reserve integrity. That's why major institutions aren't dismissing the move as a blow-off. Goldman Sachs has cited sustained central-bank demand and the potential for further ETF inflows as supportive of higher prices. J.P. Morgan continues to frame gold as a beneficiary of geopolitical instability and monetary uncertainty, and Bank of America is projecting prices as high as $5,000 an ounce into 2026. Of course, nothing goes up in a straight line. A shift toward tighter monetary policy or a sudden easing of global tensions could cool enthusiasm. Understand though, that gold's breakout isn't just about gold. There is a larger message that should be taken away from all of this. Hard money has come back into favor. Gold is the original hard asset. It's scarce, politically neutral, and has thousands of years of monetary credibility. But it's also heavy, difficult to move, and awkward in a digital world. Bitcoin exists on the same philosophical axis. Both gold and Bitcoin are reactions to the same problem: expanding debt, monetary dilution, and declining confidence in centralized control. Gold is the conservative expression of that view. Bitcoin is the aggressive one. Today, Bitcoin trades around $86,000, still volatile, still controversial, still misunderstood. But if gold's surge is signaling a regime shift toward hard assets, then Bitcoin may simply be earlier in that adoption curve. In other words, gold may be leading the parade. And if history is any guide, when institutions start moving into the oldest form of sound money, they eventually begin exploring the newest. That's the signal worth paying attention to. So this week, I interview Dana Samuelson, an old friend of the show and an expert in everything gold and hard money. Transcript Disclaimer: This transcript was generated by AI and may not be 100% accurate. If you notice any errors or corrections, please email us at phil@wealthformula.com.  Gold isn’t reacting to one thing, it’s actually responding to a stacking, uh, pressures, uh, that have been quietly building for years and, and really right now are impossible to ignore. Welcome, everybody. This is Buck Joffrey with the Wealth Formula Podcast coming to you. From Montecito, California and today. Uh, before we begin, just a quick reminder. Uh, there is a, uh, website associated with this podcast called wealth formula.com. And, uh, that’s where you go to get deeply more deeply integrated into this community, including our accredited investor club, AKA investor club for you to join. And, uh, once you get onboarded, all you do is you, you have an opportunity to see private deal flow, uh, that, uh, is not available to the general public. If you are an accredited investor, meaning that you have, uh, make $200,000 per year or $300,000 per year, uh, for the last two years with the reasonable expectation of continuing to do so, or you have a million dollars outside of your personal residence, a net worth, then you are an accredited investor and. All you need to do is sign up and join the club. Just go to wealth formula.com and sign up and get onboarded. Now, let’s talk a little bit about something that has been extraordinary this year. It’s gold. You know, for years, gold was the asset that nobody wanted to talk about. I mean, it sat there quietly. Well, stocks and real estate continue to rip. Um. Gold really is really, you know, was for the pessimists. For the doomsayers and the perma bears. I mean, I, I gotta tell you, I kind of am was one of those people, right? And then suddenly gold didn’t just wake up. It, it totally launched, exploded in his mid-December 2025. Spot Gold is trading around, I know, 4300, 4400 an ounce, depending on the market, gaining roughly 60% over the past year. Pushing decisively into record territory. Now the obvious question is why now? Well, the short answer is that gold isn’t reacting to one thing. It’s actually responding to a stacking, uh, pressures, uh, that have been quietly building for years and, and really right now are impossible to ignore. And this is an interesting shift because. The thing is that in the old days, and I’m even talking about 15, 20 years ago, uh, you would look at gold as something that didn’t really go up when the stock market was doing well, right? It was kind of a reaction. It was a fear-based thing. It still is sort of a fear-based thing, but now it’s not just fear of, you know, whether the stock market’s gonna crash. It’s fear of geopolitical concerns. That’s where the central banks come in, right? So for the better part of the last decade, central banks were net sellers. Or really indifferent of holders of, of gold, and that changed dramatically after 2022. So according to World Gold Council, central banks have been buying gold at more than double the pace of the pre COVID years. And 2025 continued that trend with hundreds of tons, uh, added to reserves year to date Now. These are central banks. They’re not hedge funds chasing momentum, right? They’re monetary authorities and they’re making deliberate strategic decisions about what they trust to hold value. And why would central banks suddenly want more gold? Well, because again, geopolitics has reentered that chat. We live in a world now where reserves can be frozen, right? Payment systems can be weaponized. Risk-free assets depend heavily on political alignment. Now of course, I’m talking about the United States when I’m mentioning all those things, right? Uh, how we can kind of just freeze assets of Russia and that kind of thing. I’m not, uh, pro-Russia, I’m just pointing out the fact that. Countries don’t like it when you freeze their assets. Right? The World Bank, uh, has been explicit that rising geopolitical tensions and global uncertainty are the key drivers of gold surges this year. And when trust in the global Ory roads, of course that is now when gold benefits and at the same time, the US dollar devaluation thesis is no longer just kind of fringe thinking. It’s reality. No one, no one even bothers to pretend that that’s not happening. So gold is, uh, of course, priced in dollars and when real yields fall, uh, and the dollar weakens gold historically performs well so that that dynamic is playing out again as well. In fact, Reuters has repeatedly pointed to a softer dollar and declining treasury yields as near term tailwinds for Gold’s Rally Bank of America. Uh, their research shows, uh, this relationship emphasizing gold’s inverse correlation to the dollar and the growing desire among nations to diversify away from the dollar centric reserves. In other words, gold isn’t just going up because people are scared. It’s going up because confidence in the fiat discipline is eroding altogether slowly. Persistently. So the question is, is gold still a buyer? Did we miss it? I mean, I just mentioned that it just went up by like 60%, right? So that’s a tricky question. It really is. I could certainly see some volatility there. But here’s the thing. I mentioned that central banks were big buyer, right? Central banks don’t care if gold is up 20% or down 10% in a quarter. They care about long-term reserve integrity. So they’re a price insensitive buyer. Um, and that’s why major, major institutions aren’t dismissing the move, as you know, just a big blow off. Uh, Goldman Sachs cited sustain central bank demand, and the potential for further ETF inflows is supportive of higher prices. Banks, uh, like JP Morgan and um, and, and Bank of America. I mean, they’re continuously talking about how gold is a beneficiary of this geopolitical instability. Bank of America is projecting prices high as $5,000 a ounce in 2026. So that’s still a big move, right? Of course, nothing goes up in a straight line. So shift toward tighter monetary policy or sudden easing of global tensions. Well, I, I could, they could cool enthusiasm, right? The less fear in the world. Well, that isn’t. That’s not good for gold. I understand though that gold’s breakout isn’t just about gold. There’s a larger message that should be taken away from all of this, and that is that hard money, real assets have come back into favoring, and gold is the original hard asset. It’s scarce, it’s politically neutral, tens of thousands of years of monetary credibility, but it’s also heavy, difficult to move and awkward in a digital world. Now, of course you know where I’m going with that. I don’t wanna make every gold conversation conversation about Bitcoin, but just as a reminder, Bitcoin exists on that same philosophical access, right? Both gold and Bitcoin are reactions to the same problem. Expanding debt, monetary dilution, declining confidence and centralized control. Gold is the conservative, you know, version of that, the expression of that Bitcoin is the crazy youngster, the aggressive one. They’re, they’re following the same rails. And today Bitcoin trades around $86,000. It’s still volatile, still controversial, still misunderstood, and really, listen, the market cap is 2 trillion bucks. Um, you know, no asset that has ever reached $2 trillion. Market cap has ever gotten to zero. But on the other hand, there’s it, it’s pretty small, and you could still move those markets really quickly, and that’s why you’ve got volatility. But if gold surge is signaling a, a, a shift towards hard assets, it’s really hard to not see that. Uh, Bitcoin may simply be, uh, you know, early in that adoption curve. In other words, gold may be leading the parade. And if history is any guide, uh, when institutions start moving into that, you know, oldest form of sound money, they eventually begin exploring the newest. And that’s, that’s a signal. Worth paying attention to. Anyway, this week what we’re gonna really focus on though is gold and hard money. We’ll talk a little bit about Bitcoin as well. My guest is Dana Samuelson, who is. An old friend of the show, and we will have that conversation right after these messages. Wealth Formula banking is an ingenious concept powered by whole life insurance, but instead of acting just as a safety net, the strategy supercharges your investments. First, you create a personal financial reservoir that grows at a compounding interest rate much higher than any bank savings account. As your money accumulates, you borrow from your own. Bank to invest in other cash flowing investments. Here’s the key. Even though you’ve borrowed money at a simple interest rate, your insurance company keeps paying. You compound interest on that money even though you’ve borrowed it at result, you make money in two places at the same time. That’s why your investments get supercharged. This isn’t a new technique, it’s a refined strategy used by some of the wealthiest families in history, and it uses century old rock solid insurance companies as its back. Turbo charge your investments. Visit wealth formula banking.com. Again, that’s wealth formula banking.com. Welcome back to the show everyone. Today my guest on Wealth Formula podcast ad Samuelson. He is been on the show before. He’s friend of the show. He is a professional. How do we see this numismatist since, uh, 1980. Working with some of the most influential, precious metals trading companies in the country. Before founding his own American Gold Exchange Incorporated in 1998. Uh, for nearly a decade, he was a personal protege of James U. Blanchard ii, one of the true giants of the industry, and the individual most responsible for re legalizing the private ownership of gold in the us. American Gold Exchange Inc. Is a national mail order, precious metals and rare coin dealership that makes competitive buy and sell markets in mainstream, modern, gold, silver, platinum, palladium, bullion coins and bars and classic pre 1933 US Gold and silver coins and World War ii European Gold coins. I don’t know if I left anything out, but welcome Dana. How are you doing? I’m doing great, buck. Thanks for having me back. I really appreciate it. Well, it was funny, we had a little conversation, uh, just before we started and I said, well, gosh, you know, uh, we’ve had you on the show before, maybe once, maybe twice. And, you know, and, and you, um, I think Apley described the gold market as watching paint dry. And I, I think that’s, I think that’s pretty adequate. Um, I mean, for, I mean, the last decade or so before this all happened. So, so let’s start talking about it. So, gold gold’s moved into price territory that, you know, very few people would’ve predicted even a couple years ago. So what, from your perspective, having lived lived through multiple gold cycles, what feels fundamentally different about this move? Uh, this market is a globally driven market and it’s focused on physical. There’s been a move into gold this year, and silver now platinum two. To a degree palladium, uh, in a physical level that we haven’t seen since the late seventies when we had the last really, you know, red hot market driven by fears over debt inflation. Geopolitics. Uh, you’ve got the bricks, nations that are trying to divorce themselves of the dollar, but they really can’t do it easily because there’s not a good viable alternative except for gold. And that’s been one of the leading drivers of this gold price surge that has really, you know, almost doubled in price since, uh, two years ago. A lot of it is, you know, underpinned by Central Bank Gold buying, you know, between 1950 and 2010, after the dollar became the world’s reserve currency backed by gold. And even after we un pegged the dollar to gold in the 1970s, 1971, central bankers had had gold on their, physically in their vaults from pre-World War ii when gold was money, uh, they shed that. From the 1950 all the way to 2010, they became net buyers after the great financial crisis due to the global debt explosion and primarily quantitative easing printing money outta thin air. But they were buy, they were modest buyers, you know, 500 tons a year until Russia invaded the Ukraine in 2022. And we sanctioned Russia and weaponized the dollar. The last four years, they bought, you know, almost a thousand tons of gold year or double. That really became material last year in price as the cumulative effects of their continually buying about a fifth of what the mines make every year started to really impact supplies and price movement. And now we’ve got President Trump this year, you know, throwing a monkey wrench into the World Trade order with his tariffs. And I think that that’s created a lot of uncertainty, some fear. And of course the debt just continues to go higher and higher. And now interest payments on our debt are over a trillion dollars for the first time ever. So debt servicing is starting to become problematic. The cumulative effects of all this have caused the, the people around the world, including central governments to buy gold at record rates. Um, but it’s not the phenomenon that’s happening in the United States. ’cause we don’t have a gold culture in our country, like almost every other country does. It’s interesting. Um, so what, you know, you’ve been talking about really is central banks around the world have it really been accumulating gold at levels we haven’t really seen in modern times. Right. And, and, uh, why do you think the US Central Bank. It doesn’t do the same because is it an admission of the debasement of the dollar? Because really the gold, gold is the anti dollar. I’ve always viewed it as the anti dollar maybe. Maybe that’s not the, you know, you may not agree with that a hundred percent, but I’ve always viewed it that way, and so why wouldn’t the US hedge and accumulate more? Well, we’re the world’s reserve currency. That Right. That’s, that’s created a paper culture in our, in our world. It’s now three generations old, right? Since 1945, when the dollar became the world’s reserve currency and we, the world went to a paper money standard instead of a gold money standard, which was the world’s standard from ancient times all the way till the 1930s. You know, the, our monetary system when the country was founded in 1793 was based on gold and silver coins. A copper penny was the size of a half dollar because that’s what one penny’s worth of copper was worth in 1793. Right. Um, you know, after World War ii, we had a couple things that the rest of the world didn’t have. We had a manufacturing, uh, industries that were, uh, unaffected by the, physically by the war. And we had, you know, the ability for markets to work properly, which should allow the dollar to become the world’s reserve currency. Backed by, you know, 8,200 some odd tons of gold, the biggest pile of gold that any country had. Actually, at that time it was more like 20,000 tons of gold. Uh, but by the time we got to the seventies and we un pegged from gold, we were down to about 8,000 tons. That’s still more than anybody else is supposed to have. I do think China could have more gold than that. Now they’re just not telling us they do. You know, officially they’ve got about 2,400 tons of gold, uh, and the second and third are, you know, 3000 tons of gold. So we, we still have a lot of gold. And there’s talk about auditing Fort Knox and monetizing it, but it only gets us about a trillion dollars. It’s not enough to really, you affect the 38 trillion, maybe pay the debt off for a year, or, you know, for six months. Six months, yeah. Something like that. Our, our debt is starting to matter too. You know, it’s doubled twice in the last 20 years. It gonna double again in the next 10 to 70 trillion, 78 trillion. People hear about the, the whole, uh, the bricks phenomena, right? And part of, part of what you were just discussing in the, uh, accumulation of gold. Explain that, explain what’s going on over there for people who aren’t paying attention, and you know how that is, how that is playing into all of this. Well, when we sanctioned Russia after they invaded the Ukraine. And seized their assets and threw them off of the Swift International Bank Transfer Payment System. We forced countries that were concerned that if they ran politically afoul of us, we could do the same to them. They forced them into thinking, oh, how do we get some independence from that vulnerability? Potential vulnerability? It’s not easy to replace the dollar. What they’ve, what they’ve been doing is replacing the Swift Bank transfer payment system with a payment transfer system of their own right so they can move money amongst themselves outside of the SWIFT system, number one. And since there isn’t a good viable alternative to the dollar, really the only other asset that makes sense is gold. Gold is a neutral asset. It’s not like you need it for oil or grain or steel. Nobody really needs gold, right? But it’s universally trusted. It’s immediately liquid, and it’s got a couple other things going for it that are unique. Number one, it has no counterparty risk. It’s one of the only assets. It isn’t simultaneously someone else’s liability. And number two, uh, gold in a vault can’t be seized or sanctioned. Right, so they’ve been going to gold, like they’ve been going to gold for, for centuries. It’s just, it hasn’t been that way since after World War ii. It’s a, it’s kinda like a back to the past kind of a situation. It’s sort of back to the future. It’s back to the past. That’s the allure for gold and the reason why they’re accumulating. In fact, they just launched their own currency unit called the unit. 40% backed by gold. The bricks nations have now it’s in its infancy and it’ll take a while for it to really, you know, work. But they’ve been building the components and the infrastructure to get to this point, creating the transfer of payment systems and all the components to go along with that so that they could announce something that they could use as a, as a settlement vehicle for trade, which is really what this is all about. And they’re backing at 40% by gold. Which is material and it’ll become bigger as time passes. Let’s, let’s try talk a little bit about that price movement. Huge. Um, is 60% in the last couple years, is that about right? This year alone, gold’s up 67% on a 12 month rolling basis, 67%. I mean, those are like bitcoin num, you know, type movements in the past. Right. They’re kind of crazy. So a lot of people are looking at those prices today and they’re thinking, well, I’m late to the party. Uh, are they late to the party? How do you, uh, what, what do you think’s going on there? I think the party’s about halfway through. We haven’t got to the late innings yet. I, I really do think this, and this is why this is the fourth major bull run in gold we’ve seen since we went off the gold standard in 1971. We had a a 20 to one run for gold in the seventies that was built on two oil shocks. 18% inflation and a crisis of confidence in the US then for the next 30 years. You know, 25 years a good part of my career. You know, watching gold was like watching paint dry. It traded routinely between three and $500 an ounce until we got into war, uh, following the nine 11 attacks, Iraq and I, Afghanistan, and we went into deficit spending. Then we had a second financial crisis when the great financial crisis hit another bull bull market in gold. Then we had COVID economic closures, another bull market in gold. Now we’ve got a fourth, but it’s lacking what the first three had, which was fear in the US over either economics or geopolitical events. So this gold price has essentially doubled since March or April of 2024. With no fear and a lot of complacency in the US markets. So my, my thinking is what happens if the economy slows down and, you know, the Fed’s gonna lower rates anyway. We know that’s coming with a new Fed chairman in the next five months, six months, number one, that’s good for gold. What happens if we go into a real economic slowdown and the Fed really has to drop rates, or God forbid, go to QE again, right? Or inflation rears its ugly head because the fed’s too accommodative in it. Situation where, you know, supplies are kind of tight still because of the monkey wrench, president Trump has thrown into the World Trade Order. You know, if we get fear in the US that’s when gold could go from 4,000 to, you know, 8,000. And I’m not saying that’s gonna happen, but I do think the trends have driven gold higher are not gonna change anytime soon. One of the things that you’re mentioning is those trends and like even. You know, in the last 15 years ago when I’ve been sort of involved in the investor world, the, the things that we talk about with trends with with gold have changed. I mean, usually you don’t see AI stocks going up with gold, right? Like, I mean, not that AI was around, but the point is tech stocks, that kind of thing. How is that thesis fundamentally changed? Um, I’m not quite sure I understand your question. Well, what I mean is like if gold was, gold used to be, I think it’s, you know, something again that people would buy when they were afraid of, of what’s going on in the equity markets. Right. Uh, that’s clearly not the case now. No, no, not at all. Right. Talk about that change. When did that change happen? How did it happen? This is a globally driven market. It’s not a US-centric market. This is fear around the world. You know, central banks started to underpin this market in 2022 when they stepped up their buying and doubled it. But this year, because of the uncertainty, uh, and some of the fear that President Trump’s tariffs and the way they’ve been deployed, kind of knee jerky, um, and inconsistently. Certainly not diplomatically, right? You know, it’s caused a lot of concern around the world. And for example, in April when President Trump announced the reciprocal tariffs on April 2nd, what happened? The bond market went into the complete dislocation, yields spiked from 4% to 4.5% in a week. The bond values tumble because investors started pulling money out of the, and taking it back home. Money that’d come in from Europe and Asia started to go back. So what did President Trump do? He pulled back the reciprocal tariffs on every country, but China and China said, well, we’re not gonna drop tariffs on you. And he said, well, we’ll ramp ’em up on you. So we went toe to toe with him. Until a week later, we were at 145% tariffs on China, and they were 125% on us. Well, if you’re a Chinese investor and you have real estate or stocks to invest in, and both of which have done badly since COVID or gold, what are you gonna do when your best customer suddenly says, Hey, we really don’t want your products, because that’s what 145% tariffs say to the Chinese. We don’t want your products. You can’t sell ’em here. You gotta go sell ’em somewhere else, but we’re their best customer. So they bought gold. They bought gold handover fist, and they drove the gold price up $500 by themselves during that month. That’s what I mean by fear outside of the us. Yeah. We don’t get it inside. Well, and and that’s fear outside of the markets too, right? I think that’s, that’s the fundamental shift I was trying to get at is true. It used to be that gold was, uh, gold would react on fear of the markets, but now there’s another level of fear, which is geopolitical. And it doesn’t seem like there’s any time soon that that’s gonna end. No, no. I, I, I’ve called it like a run on the bank only. It’s not a run on the bank of like George Bailey’s run on the bank and it’s a wonderful life. This is a run on the gold market, the physical gold and silver and platinum markets. That’s really what this is, and it’s a global rush to buy. And it’s not just central banks, it’s the public as well. Due to uncertainty, part of it’s fear of missing out now that we’ve had a big run in prices too. That’s FOMO in there too. That’s what I’m trying to, that’s part of what I was wondering too though, is like, you know, again, there’s people out there now who, um, are, are looking at this and they might even be listening to us going, gosh, yeah, it really makes sense and I happen to have no gold. What do I do? You know, what do I do now? Do I buy now? And, and I’ll, you know, and, and the next thing you know. I find out this was a frothy market and, and I’m down 20% for the next three years. I mean, that kind of thing. So I, I think it’s a, it is a tricky time, but, so that sort of, I guess, brings up when you think of gold, um, in a portfolio. I mean, you say, you’ve said in the past, it’s not about getting rich. Well, some people really did get rich this time. Uh, you said it’s about preserving wealth, right? So how should investors think about Gold’s role alongside stocks, real estate, and other assets right now? Well, even I think JP Morgan Chase has said this year, you know, instead of a 60 40 portfolio, you should have a 60 20 20 portfolio with 20% bonds and 20% precious metals. Gold in particular, because of what’s been happening. And now we don’t have a gold culture in our country, like most every other country does. So most Americans don’t get it. And that’s part of. We’ve ingrained because the dollar is the world’s reserve currency and it insulates us from currency shocks in commodity pricing primarily. Uh, without that insulation, you know, they might think things a little bit differently, but you know, any good financial planner will say you should have a little bit of precious metals as part of your portfolio, uh, as a hedge against financial uncertainty. And it certainly worked perfectly well during the great financial crisis. And when COVID hit because. Gold tends to counter cyclically, perform in price against stocks and bonds, and it’s always liquid. Now, you’re a real estate investor, you understand real estate. What couldn’t you get in 2009 alone? Right? Bankers wouldn’t give anybody money, right? But if you had gold, you could get liquidity, right? And gold, you know, almost doubled between 2008 and 2011 at the same time when most assets were dropping 50%. That’s an insurance policy for the rest of your money. That’s why I said, look, it’s a way to preserve wealth and have a hedge against financial uncertainty. But in the market that we’re in now, you know, having more than just the, the minimum, which is five to 10% of assets as a, you know, potentially an investment instead of just an insurance policy. That makes sense. But you’re right, you could buy and you could, you know, tie up money that won’t produce anything for a couple years, maybe longer. You also have an insurance policy in case the wheels do come off like they did during the great financial crisis or during COVID. Yeah. Yeah. I was listening to, uh, another podcast. I listened to the, these, uh, guys, the All In podcast, and, uh, Tucker Carlson was on there, and apparently he’s a, you know, huge, uh, physical gold guy. And, and he said, and I, I think he was serious. He said he buries it in his backyard and then he spreads a bunch of, um. Uh, a bunch of, you know, silver beads, uh, out there too, like, just in case no one can like, use a medical metal detector and find it is gold. Uh, let’s talk about that nuance of, of physical gold versus, you know, buying ETFs and all that stuff. What’s your take? I mean, what, what do you tell people when they say, well, gosh, you know, uh, it might be hard for me to store that gold and, and why shouldn’t I just get an ETF and, and talk a little bit about that? Well, I trade ETFs in my IRA account. When I think the, when I think I can harness price movement, that’s what I use ETFs for. You know, they’re a paper representation of gold, uh, that you can trade at the click of a button, physical gold. Is valuable. It’s, you have to find a place to store it. It’s pretty inert, so you can, you can bury it in your backyard, keep the elements out of it, but then there’s some risk there because it could be found, it could be stolen, so you do have to store it somewhere. You can put it in a bank safe deposit box, but I don’t really recommend that because what happens if there’s a banking holiday and you can’t get to it? So having a home safe or maybe, you know, maybe bearing it in the backyard. Is an option if that’s what you wanna do. Or there are independent professionally run storage facilities. There’s a few of ’em around the country that are run by precious metals dealers that are, you know, big entities. Uh uh. So I think they’re trustworthy and they certainly have the ability to service and aren’t properly insured. So that if something happens, you know your value is protected. And that’s primarily what you pay for as a storage fee is a percentage of value. Not so much number ounces that you have there, but the value percentage, because it is an insurance, uh, related value, right? The value goes up, they’ve gotta get more insurance so they get a higher storage fee for that same amount of metal if the value increases, which is unlike other assets. So I do have a couple of those I recommend that are run by professional. Companies that have been in business for years that we know would trust and have performed perfectly. If you wanna store, um, physical metal now gold is compact. You know, a hundred ounces is smaller than a paperback novel and it’s $450,000 worth of value today. You could, I could literally have one bar in each one of my coat pockets and be walking around with almost a million bucks in my pockets, and no one would know. Silver. You know, silver creates a bigger problem because it takes 70 ounces of silver to equal an ounce of gold. So there’s a lot more volume involved and a lot more weight, which is why sometimes these facilities make more sense if you wanna store something that’s more bulky like silver. But if you’re gonna store gold somewhere, that’s not easy to find. You wanna make sure somebody you trust behind you knows where it’s just in case something happens to you. Right? Yeah. Um. What, um, how difficult is it, uh, Dana, for someone to, I guess, say they wanna sell, say maybe they need to sell one of those bricks in your pocket there? Uh, and, and, um, is that a, um, a process that, I mean, it’s, you know, it’s not as easy as clicking a button at that point, right? But to make sure that you get the best possible price for your gold and all that, I mean, you’re not gonna go to a pawn shop and. Oh, that, so like, I, I’m just curious on the mechanics of that. ’cause I’ve, you know, I’ve, I’ve never sold, you know, physical gold for anything. So, so our, our company’s a physical dealer. We’re a hybrid between Amazon and a financial institution. And that, uh, we sell something online or over the telephone. The price is always changing on a minute by minute basis, but it’s like you’re buying shoes. It’s just, you know, you don’t quite know what the price is gonna be. So we physically, you know, figure out which product you should purchase, what’s best for you, and then we ship it to you if you want to sell it, it’s just the reverse of the transaction. You have to present it for delivery, which means you have to ship it back to, uh, your dealer, or, you know, physically deliver to them, and you get paid immediately upon delivery. So, um, you know, we, we do business like a financial institution. You can call us up, place a transaction over the phone. Uh, if it’s a smaller transaction, we’ll do that without deposit funds. If it’s a bigger transaction, we don’t know, you will want funds first, but once we lock in, that’s the price. Just like when you buy stock and then you pay the balance or, or we ship you the merchandise, whichever comes first. Um. You get it, inspect it, make sure you, you got what you’re supposed to get. In fact, it, you know, in the last two years with this gold price just climbing higher and higher, we’ve got a lot of clients that are complacent. They like the stock market that’s been hitting record highs, uh, and they’ve been shedding gold. We’ve actually bought more gold as an industry, not just our company, but as an industry in the last year than we’ve bought in a single year in 20 years. So it’s very easy to reverse the transaction. But what I would tell you. For your listeners is, and this is important, you should buy sovereign minted products, gold ounces, silver ounces, one ounce gold coins. They’re really just round bars made by the US Mint, the Royal Canadian Mint, the British Royal Mint. The Austrian Mint instead of refinery made. One ounce bars or 10 ounce bars or kilo bars of gold because we have a modest but growing problem with Chinese counterfeits. The Chinese can take tungsten and plate it with gold and pass it off as reel, and they can do that much better with refinery made bars that have plain design pictures stamped onto them. They can replicate those very well, but they cannot replicate the intricate pictures. The US Mint or the Canadian Mint, or the Austrian mint, British royal mint stamp onto that one ounce gold coin. We call it a coin. It’s just a round bar made by a mint that struck with dyes like a coin. And all of the mints around the world have introduced minute anti-counterfeiting design elements into the picture that they stamp on their coins to deter Chinese counterfeits. And it’s working. So the most important thing is, you know, do business with a reputable dealer that’s been around a long time, that has a good reputation, not a, not some new entity, right? You wanna find a, a trusted member of the community and develop a relationship that makes buying again or selling very easy. Once you have a relationship with a dealer, and we know the product you’ve purchased, we’ll take it back very easily. Uh, silver is, you know, people talk a lot about it in the context of, you know, the lump it with gold but has very different characteristics. Um, how do you think about silver today? I love silver today. Uh, it’s, it’s a metal at times as hard to love because every time it makes a big gain, it can give it up pretty easily. It’s more volatile than gold, but gold’s about 90% monetary metal in 10%. Commodity metal silver’s about 50 50, but what silver has going for it is, uh, a couple of unique characteristics that virtually no other metal comes, uh, as close to, which is conductivity of heat and electricity. Silver is amazing in that it’s the best at conducting both heat and electricity. I’ve got a one ounce silver coin on my desk here, and if you take this coin and hold it between your fingers and take an ice cube. You can literally cut that ice cube in half in about 6, 7, 8 seconds with a pure silver coin because the heat from your fingers gets transmitted to the coin and goes right through the ice cube. That’s just a simple example of how conductive silver is for temperature, and we have a structural supply deficit in the silver market that we’ve had for about five years now, where the industry. Is consuming more silver than comes out of the ground on an annual basis. So we’re eating into the above ground supply. Uh, so fundamentally that’s the supply and demand equation favor silver. Uh, plus because gold is moved up so much in price, silver is getting a rotation into it because it’s underperformed relative to gold until just recently where it’s played catch pretty sharply in just the last three or four months. If you measure. How many ounces of gold, uh, how many ounces of silver it takes to equal an ounce of gold, the gold to silver ratio back in April. That was a hundred to one, you know, which was an extreme. Today that ratio is a, is a little under 70 to one. It’s 67, 68 to one. So silver has played up in ketchup in price. Where is that historically? Uh, well. Normally it’s between about 40 to one and 80 to one with about 60 to one as the, as the pivot point where it’s in, they’re in equilibrium. But in the last four or five years with gold leading and silver lagging, we’ve routinely been in the 85 to 90 to one range. Uh, and we actually hit a hundred to one in April of this year, uh, which was the highest it’s been, um, except for when we had a kind of a knee jerk in the medals during COVID, which was an anomaly. Uh, didn’t last. So, but anyway. Silver is playing ketchup because it’s been undervalued relative to gold. Um, and we’ve seen, you know, people that wanna be in the metals, but think gold’s a little expensive. They’ve rotated out of gold, and we’ve seen some of that money move into silver and also into platinum. Now, platinum was under a thousand dollars this time of year ago, and it’s almost $1,900 announced today. So it’s almost platinum’s up, uh, almost a hundred percent now. This year where silver’s up 120% this year and a lot of this demand is driven globally. We’ve seen huge demand in silver in India this year because gold is so, has become so expensive, and that’s what I mean by a global run on the, on the bank. It’s not just China, Japan, it’s India too, and Europe as well. Physical buying and et f buying ETFs are available around the world in precious metals now that really haven’t been very impactful until this year. Um, but that’s what the world’s doing, you know? No discussion these days on gold is complete without at least mentioning Bitcoin. Uh, you know, and, and it’s, it’s interesting because, um, you know, even within the, uh, uh, gold world, I mean, there’s, there’s some prominent people who are really bought in to Bitcoin. Like I, Lawrence Lepert has been on the show multiple times now, and Larry’s all in. Um, just curious as a, you know, as a gold person, what do you see where, what do you see the role or do you not believe in this thing? Do you believe it is a, a parallel? Um, I, there’s so many things that you say about gold. That I’m like, yeah, you can say that about Bitcoin too and carry, you know, millions of dollars in your pocket. You can, you know, it’s, uh, there’s a very little amount of it. Um, obviously it’s new, right? Gold has been around for, since the beginning of time and, and now we’ve got 2009 for Bitcoin. What is your view? How are you seeing it? May, how are your colleagues seeing it in the gold space? Well, a couple different points to make here. Um, you know, when, when Bitcoin came out in 20 10, 20 11, you know, one of my friends in the, in the precious metals business told me I should buy it when it was 20 bucks and I didn’t get it. So I didn’t do it, and that was a big mistake on my part. But Bitcoin has one advantage that no other currency or gold has, which you can move serious money over borders easily. You’re right, you can carry it around in your pocket, in your wallet and, um, you know, you carry a lot of value around and transfer it at the, you know, click of a button. And no co counterparty risk, just like you said with gold, right? Yeah. Well, there’s some modest counterparty risk with, with bitcoin that you, you have counterparty risk with gold and theft as well. Um. Bitcoin is volatile. It’s, you know, it’s, it’s very volatile. It’s still the speculative investment. I mean, it was 124,000, you know, four months ago, and now it’s about 85,000, 90,000. So there’s volatility there that gold doesn’t have. But more importantly, what I’ve seen in my career is a generational divide. The older, older people, you know, 45 and older, like gold and silver. Younger people that grew up with phones in their hands like Bitcoin. The volatility in Bitcoin that we’ve seen in these two big selloff cycles in Bitcoin have not the first one, but the second one have helped to bring some of those younger people into the stability of gold, especially in the year when gold is doing pretty well. ’cause it then it kind of has a little bit of that Bitcoin allure, which is, you know, get rich quick. But, um. Bitcoin’s volatile, but it’s here to stay and it is now the most respected cryptocurrency. Like I almost bought Ethereum, you know, 10 years ago when one of my friends was explaining both to me and said that Ethereum basically had better fundamentals. But you know, it’s kind of inventing, it’s kinda like investing in a. What, uh, beta, beta max instead of VHS back in the day. Some of the older people remember that. You bet on the wrong horse, you know? Yeah, exactly. Well, you’ve, uh, you know, you built this, uh, firm on transparency, integrity, uh, in an industry that doesn’t always have the best reputation. Right? So for investors who decide that precious metals belong in their portfolio. Uh, how can they get a hold of you? Well, our website is, uh, A-M-E-R-G-O-L d.com. Uh, we don’t have, you know, 10,000 items on our website. We have a, we have a small listing of what available products are because we stick with mainstream items, products that are primarily easy to sell, uh, competitively priced, widely traded, and easily understood. Um, uh. Uh, email address is info I nfo@amggold.com. Uh, we have a toll, toll free number 806 1 3 9 3 2 3. Uh, we’re consultative in nature. We’ll, we’ll answer any questions. Happily, gladly, uh, no transactions too small or too large. What we really wanna do, uh, is help people because if we do that, we help ourselves. And when you treat people right, it, it comes back. And our industry does have a chair of bad actors. And, um, you, you wanna make sure that you do business with someone reputable that’s been in the industry a long time. And I understand some people may wanna do this locally where they can actually walk into a place of business. Do this instead of over the phone. So look for dealers that have, you know, longstanding, uh, businesses and good reputations. If you see a reputation that, uh, has some complaints, you know, there are other choices for you. But, um, we just try and help people buck. That’s really what we try and do. We certainly have the reputation for it. Dana. So thank you so much for being on Wellfor podcast. Well, thanks for having me. It’s great to see you again, and I wish you a great success in 2026 and a happy holiday season. You too. You make a lot of money, but are still worried about retirement. Maybe you didn’t start earning until your thirties. Now you’re trying to catch up. Meanwhile, you’ve got a mortgage, a private school to pay for, and you feel like you’re getting further and further behind. Now, good news, if you need to catch up on retirement, check out a program put out by some of the oldest and most prestigious life insurance companies in the world. It’s called Wealth Accelerator, and it can help you amplify your returns quickly, protect your money from creditors, and provide financial protection to your family if something happens to you. The concepts here are used by some of the wealthiest families in the world, and there’s no reason why they can’t be used by you. Check it out for yourself by going to wealth formula banking.com. Welcome back to Show England. Hope you enjoyed it and, uh, I will. Uh, I should admit though, that if you go back and you listen on my, uh, past shows, this is one that I was wrong on. I, I’ve never been a gold bug. My biggest issue with gold. Um, has always been, you know, from an investment thesis that it doesn’t really do anything, doesn’t yield anything, and what’s the point of owning it rather than owning, uh, real estate. And actually, if you just look at what I said, it’s, it’s still, it’s still, it’s still kind of true, right? I mean, you can argue, well, yeah, the real estate markets really did, uh, did struggle over the last couple years. But listen, at the end of the day. The real estate market struggled because of leverage, right? Gold. There’s no leverage, no one’s borrowing, buying gold on leverage, and so it can go up and down and it doesn’t really hurt anybody. If you take the last couple decades and you know how much people made from, uh, real estate versus Bitcoin, even though there’s this huge, uh, huge uptick in Bitcoin now it’s, it’s probably the case that they come out pretty close. If not, uh, you know, real estate still being the winner. But anyway, uh, I do want to say and admit that I was wrong. That, uh, that the gold wasn’t really worth, uh, owning. I think, uh, you know, I wish I had owned some, just like a lot of people wish they’d own Bitcoin at $6,000, right? Um, in fact, I will say that one of the things in hindsight that I think of is gold in many ways for the last several years was on sale. And I haven’t really been talking about this as much, but I’ve been reflecting on this a great deal about making sure that as an investor you wake yourself up once in a while and ask, okay, well, what’s on sale? Well, gold was on sale for a while. Silver was definitely on sale. Right? Um, doesn’t mean you have to go in, have, you know, 50% of your portfolio in something like that, but when something’s on sale, it’s not a bad idea to look around. And maybe get, you know, get a little bit of exposure. I do think that real estate is there right now. I think real estate, you know, if you’re in the credit investor group, you’re seeing on a routine basis 30%, uh, discounted offerings from just a couple years ago. And I do think that’s on sale right now. But there are other things as well, arguably. I mean, I, I actually think that Bitcoin is, uh, uh, sort of on sale right now. I mean, sitting at 86,000, anybody who thinks it’s not gonna go to a hundred thousand at some point in the next, you know, 12 months is, I mean, I think it’s highly unlikely that it doesn’t go to a hundred thousand, right? So think about that right now. That’s like a 14% gain right then and there. Anyway, sometimes it’s good to just look around and see what’s on sale. Uh, that’s my message for this week. Uh, this is Buck Joffrey with Wealth Formula Podcast signing off. If you wanna learn more, you can now get free access to our in-depth personal finance course featuring industry leaders like Tom Wheel Wright and Ken McElroy. Visit wealthformularoadmap.com.

Welcome to The Club! Did you hear the US Mint officially stopped making the penny? Also, who is at fault after a man that was served 33 drinks died on a cruise?

Digital Content Editor, Barbara Friedman, shared her top three stories trending online. Views and News with Clarence Ford is the mid-morning show on CapeTalk. This 3-hour long programme shares and reflects a broad array of perspectives. It is inspirational, passionate and positive. Host Clarence Ford’s gentle curiosity and dapper demeanour leave listeners feeling motivated and empowered. Known for his love of jazz and golf, Clarrie covers a range of themes including relationships, heritage and philosophy. Popular segments include Barbs’ Wire at 9:30am (Mon-Thurs) and The Naked Scientist at 9:30 on Fridays. Thank you for listening to a podcast from Views & News with Clarence Ford Listen live on Primedia+ weekdays between 09:00 and 12:00 (SA Time) to Views and News with Clarence Ford broadcast on CapeTalk https://buff.ly/NnFM3Nk For more from the show go to https://buff.ly/erjiQj2 or find all the catch-up podcasts here https://buff.ly/BdpaXRn Subscribe to the CapeTalk Daily and Weekly Newsletters https://buff.ly/sbvVZD5 Follow us on social media: CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567See omnystudio.com/listener for privacy information.

What do we think of SJP's Purse trend? The US Mint says Buh-Bye to Pennies and we re-cap Palm RoyaleSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In the second hour, we're talking to Civic Media's Political Editor Dan Shafer in this land of recombobulation and it's time to talk about the Chicago Raid from ICE. For Audio Sorbet, we'd like to get your thoughts, but we won't have pennies to give as The US Mint will no longer be producing them...it was a good 200 year run. And we're gonna finish up the week with a heapin' helpin' of This Shouldn't Be A Thing - This Bud's For You Edition. As always, thank you for listening, texting and calling, we couldn't do this without you! Don't forget to download the free Civic Media app and take us wherever you are in the world! Matenaer On Air is a part of the Civic Media radio network and airs weekday mornings from 9-11 across the state. Subscribe to the podcast to be sure not to miss out on a single episode! You can also rate us on your podcast distribution center of choice. It goes a long way! Guest: Dan Shafer

U.S. Sen. John Fetterman of Pennsylvania remains in a Pittsburgh hospital after a heart episode caused him to fall and injure his head on Thursday. After a 135-day budget stalemate, Pennsylvania finally has a budget. It's an agreement born of compromise, including the state withdrawing from a multi-state compact whose goal was to limit the emission of fossil fuels. Pennsylvania’s new state budget is bringing relief to nonprofits and social-service agencies after a months-long impasse put many on the brink. For more than four months, organizations providing homelessness, mental health, and addiction services operated without state payments. That led to some cutting programs or relying on emergency credit to make payroll. An Election Day poll book error left out third-party voters in Chester County and forced thousands to cast provisional ballots. The Chester County Board of Elections has established a timeline on its investigation. Health officials in Philadelphia are warning recent air travelers about a possible measles exposure earlier this week. The Pennsylvania Turnpike Commission is teaming up with the state Attorney General to go after motorists who fail to pay tolls on the Turnpike. A new report shows the US Open golf championship held near Pittsburgh in June generated nearly $290 million for Pennsylvania's economy. It's the end of an era, as the U.S. Mint has officially ended production of the penny. The last of the one cent coins were struck Wednesday at the US Mint in Philadelphia, where the country’s smallest denomination coins have been produced since 1793, a year after Congress passed the Coinage Act. Support WITF: https://www.witf.org/support/give-now/See omnystudio.com/listener for privacy information.

The Ochelli Effect 11-13-2025 SNAFU NEWSUnplug and Play?Another attempt to reveal truth to people that really do not want itBefore presenting things on here I go beyond headlines and spin. What is that you might ask? Well, I examine and research incidents and events as told by a diverse group of sites online mostly, and after gathering what I think may be the alleged facts portrayed by Left, Right, and some niche variations on the event or incident I seek independent verification and corroboration about the representations, allegations and reporting that is often condensed and bias to such a degree that the obvious agenda to insight reactions from targeted potential audiences and create misleading narratives or distortion of reality and fabrication of narratives is the only obvious business model that I find most often undeniable. The above mentioned process along with and frankly generated by , making phone calls to involved agencies, reading legislation or other documents often given citations in the due course of reporting by others, and fact checking with neutral parties and reliable reference resources along with a handful of trade secrets is the minimum of what I do when analyzing and reporting on The Ochelli Effect.  A wide range of results are gathered over anywhere from 8 to 12 hours of work investigating the claims and varsity of multiple narratives that often boil down to 3 to 6 sections on a one hour long podcast that I present with 10% of the resource links offered in show notes that were actually utilized to simply give you the listener step 1 of maybe 20 steps taken in a personal investigation uniquely cultivated by the host speaker that actually cares about representing something meaningful to you in your search for real information and Truth with some mockery of issues that seem worthy of it and a joke or two as that has been requested by listeners recently. Am I biased? Yes. My bias is based on the desire to eliminate the pre-packaged talking points of those who only seek to influence your outrage and fear for profit from your information and news feeds as best I am able to. This is not a popular thing to do and if you are a listener to the Ochelli Effect for any length of time the only thing you are actually guaranteed is discomfort. Because we are all subject to the programing attempts to manipulate our reactions and full spectrum views of the world around us through carefully engineered means on a constant timeline. Though I am subject to the same algorithm driven targeted attempts to twist my reality I constantly rive to do the one thing it seems hardly any other independent media creator has any interest in doing. That one thing is to think for myself and examine the truest real events and newsworthy incidents honestly and clearly. This is what my wish is for any listener I have, regarding history, current events, and the illusions presented by millions of other podcasts and content creators should be heard and viewed by TOE listeners with a clarity not found elsewhere that is REAL. Think for yourselves , TRULY. See facts and reality, NOT SPIN. All the above is lightly sprinkled with some opinions but not driven by them.If I have time I might release a partial replay of the 11-7-25 call-in show where a time-wasting energy sucking argument between myself and 1 caller started as a friendly chat and devolved into unlistenable noise that illustrates perfectly that I am offering a product that may simply no longer have a place. As the Friday Night Show continues to destroy my efforts, It makes me believe that I may not have the time to wait out the current political and social trends that require siding with pre-approved propaganda without fail or suffer the consequences.I haven't Changed much, but I have learned many things so my base of knowledge has evolved.If you don't want that, Sorry, I don't know how to be any other way.Chuck---POINTS OF INTEREST : CAUSE AND EFFECT : IF YOU MISSED ITJFK's grandson, Jack Schlossberg, announces 2026 run for Nadler's seat in Congresshttps://abcnews.go.com/Politics/jfks-grandson-jack-schlossberg-announces-2026-run-nadlers/story?id=127440606Food-snatching seagulls are more likely to leave you alone if you shout at them, researchers sayhttps://apnews.com/article/shouting-scares-seagulls-eating-food-study-3893363e30db5f99462526a168fe0555?Israel's longest war is leaving a trail of traumatized soldiers, with suicides also on the risehttps://apnews.com/article/israel-soldiers-mental-health-suicide-gaza-war-d4f3b7a26c9ce0bce861c090afb101ea?Trump Canceled 94 Million Pounds of Food Aid. Here's What Never Arrived.https://projects.propublica.org/trump-food-cuts/US Mint presses final pennies as production ends after more than 230 yearshttps://apnews.com/article/us-mint-treasury-department-penny-end-production-86139df5644ef0885a9baf98e9677380?Kryptos' final code remains unsolved. The CIA sculpture's creator is auctioning the solutionhttps://apnews.com/article/kryptos-jim-sanborn-auction-cia-650c1253d6a96591f29b88a20299c430?Most Women Are On Crazy Pills, And It's Bad For Everyonehttps://thefederalist.com/2025/11/13/most-women-are-on-crazy-pills-and-its-bad-for-everyone/T3 things slipped into the funding bill to end the federal government shutdownFetterman hospitalized after fall near his Pennsylvania homehttps://www.cbsnews.com/news/fetterman-hospitalized-over-fall-near-his-pennsylvania-home/?utm_source=firefox-newtab-en-us3 things slipped into the funding bill to end the federal government shutdownhttps://youtu.be/E6KXnCssXhY?si=YIv9LODn8K9QvKgqOchelli Says: Are all your annoying ads for AI products? Mine are.---MANY WAYS TO PAY TRIBUTE TO THE BRANDAre You Gaslighting Yourself? Here's How to Tellhttps://time.com/7331769/gaslighting-myself-mental-health/?utm_source=firefox-newtab-en-usDrug Dealer Granted Clemency by Trump Sent Back to Prison After Accusations of Molesting His Kids' Nanny, Assaulting Toddlerhttps://people.com/drug-dealer-trump-clemency-back-to-prison-violating-supervised-release-jonathan-braun-11847500 With a Trump pardon in hand, Stewart Rhodes says he's ‘rebuilding' the Oath Keepershttps://www.msnbc.com/rachel-maddow-show/maddowblog/trump-pardon-hand-stewart-rhodes-says-s-rebuilding-oath-keepers-rcna243280Melania Trump's Mysterious Amazon Documentary: What We Knowhttps://nymag.com/intelligencer/article/melania-trump-documentary-amazon.html Trump asks Israeli president to 'fully pardon' Netanyahu in corruption trialhttps://news.sky.com/story/trump-asks-israeli-president-to-fully-pardon-netanyahu-in-corruption-trial-13469073Ochelli Says: Guess what, the SNAP Benefits and stalling food for Americans is really about changes in the rules.That in mind, will any of you notice that this was northing more than reorganization and prep for the next phase of the one party plan?Will you remember this for the well timed 2026 shutdown?Is this thing on???---EPSTEIN EPSTEIN IS ANYBODY TALKING ABOUT THIS GUY ANYMORE?Speaker Johnson: "We believe the long national nightmare will be over tonight.https://www.youtube.com/watch?v=YKRVlPZvzVcTrump ‘spent hours' with victim at Epstein's house, email allegeshttps://www.aljazeera.com/news/2025/11/12/trump-spent-hours-with-victim-at-epsteins-house-email-alleges Jeffrey Epstein, in newly released email, says Trump ‘knew about the girls'https://www.politico.com/news/2025/11/12/jeffrey-epstein-donald-trump-emails-00647447 Read Jeffrey Epstein's newly released emails about Trumphttps://www.pbs.org/newshour/politics/read-jeffrey-epsteins-newly-released-emails-about-trump https://didtrumpgolftoday.com/Bipartisan duo expects to secure signatures Wednesday to force a vote to release Epstein fileshttps://www.nbcnews.com/politics/congress/bipartisan-duo-expects-signatures-wednesday-force-vote-release-epstein-rcna231405What The Latest Epstein Files Say About Bill Clintonhttps://www.youtube.com/watch?v=7JkHwkF1W5AOchelli Says: This is the distraction. The Shutdown had nothing to do with this at all. It merely kept you from questioning the Smash and Grab from the Unified one party skimmers. Trump BRANDED.If Jeffrey Epstein were still alive, Trump would have already PARDONED him!---Help for Ochelli and The NetworkMrs.OLUNA ROSA CANDLEShttp://www.paypal.me/Kimberlysonn1Ochelli Link Treehttps://linktr.ee/chuckochelli---NOVEMBER IN DALLAS LANCER CONFERENCENovember 21-23 225The Fairmont Dallas hotel 1717 N Akard Street, Dallas, Texas 75201Tickets @ https://assassinationconference.com/10 % OFF code = Ochelli10@ CheckoutBE THE EFFECTListen/Chat on the Sitehttps://ochelli.com/listen-live/TuneInhttp://tun.in/sfxkxAPPLEhttps://music.apple.com/us/station/ochelli-com/ra.1461174708Ochelli Link Treehttps://linktr.ee/chuckochelliAnything is a blessing if you have the meansWithout YOUR support we go silent.---NOVEMBER IN DALLAS LANCER CONFERENCEDISCOUNT FOR YOU10 % OFF code = Ochelli10https://assassinationconference.com/Coming SOON Room Discount Details The Fairmont Dallas hotel 1717 N Akard Street, Dallas, Texas 75201. easy access to Dealey Plaza

On today's episode Arian, Big T and PFT dive into the world of media consolidation — who owns your favorite networks, and how much control does the government actually have? We look into the latest YouTube TV and ABC dispute and the history of government regulation and media mergers. Plus, we discuss CFB playoff rankings, the US Mint pressing the final pennies, a new AI Country song that's topping the charts and much more. Enjoy! (00:04:18) CFB Playoffs (00:09:52) Donald Trump (00:27:54) Usain Bolt (00:52:55) US Mint Presses Final Pennies (01:01:29) Toy Story 5 (01:07:11) Arian's Dog Search (01:25:30) PFT's LL Bean dispute (01:33:17) Arian's Dog Search (cont.) (01:39:26) Media Consolidation & Government Regulation (01:47:29) New AI Country Song (02:04:38) Media Consolidation & Government RegulationYou can find every episode of this show on Apple Podcasts, Spotify or YouTube. Prime Members can listen ad-free on Amazon Music. For more, visit barstool.link/macrodosing

US Mint presses final pennies as production ends after more than 230 years - https://apnews.com/article/us-mint-treasury-department-penny-end-production-86139df5644ef0885a9baf98e9677380What It Takes to Reopen Government Agencies as the Shutdown Ends - https://www.bloomberg.com/news/videos/2025-11-13/what-it-takes-to-reopen-government-agencies-as-the-shutdown-endsItaly investigates claim that tourists paid to go to Bosnia to kill besieged civilians - https://www.yahoo.com/news/articles/italy-probes-claims-tourists-paid-132442492.htmlTake the latest, “the rabbit got me” trend on TikTok, which is currently going viral as it simultaneously stirs up confusion in the comments sections. Wondering what it all means? - https://www.bustle.com/life/the-rabbit-got-me-tiktok-trend-meaning-explainedOverall, 2020 to 2024 Saw Decline in Nicotine Vaping in U.S. Youth - https://www.drugs.com/news/overall-2020-2024-saw-decline-nicotine-vaping-u-s-youth-127520.htmlInternet conflicted over Apple's $230 iPhone Pocket case. See new product - https://www.usatoday.com/story/tech/2025/11/11/iphone-pocket-apple-phone-case/87214270007/Budgeting is shaping this year's holiday gift-giving, new survey reveals - https://nypost.com/2025/11/11/lifestyle/budgeting-is-shaping-this-years-holiday-gift-giving-new-survey-reveals/Frustrated woman turned down boyfriend's $898 Walmart engagement ring — but not for the reason you'd think - https://nypost.com/2025/11/12/lifestyle/woman-turns-down-proposal-from-boyfriend/‘The King Is Back': Three Years After His Death, New Luke Bell Album Announced - https://cowboystatedaily.com/2025/09/06/the-king-is-back-three-years-after-his-death-new-luke-bell-album-announced/Viral video of red rain in Branson, Missouri is not real - https://fox2now.com/news/missouri/viral-video-of-red-rain-in-branson-is-not-real/New 'Lucifer' bee with devil-like horns found in Australia - https://www.bbc.com/news/articles/c051yjv90dmoFollow The Rizzuto Show @rizzshow on social media for more from your favorite daily comedy podcast. Connect with The Rizzuto Show online at 1057thepoint.com/RizzShowSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In the 7 AM hour, Patrice Onwuka & Bethany Mandel discussed: WMAL GUEST: MARC MORANO (Executive Director, Climate Depot) on the Big Climate Summit in Brazil USA TODAY: US Mint Says It Has Stamped Its Last Penny, a Historic End for a Humble Coin WMAL GUEST: STEPHEN MOORE (Co-Founder, Committee to Unleash Prosperity) on the Latest Economic News Where to find more about WMAL's morning show: Follow Podcasts on Apple, Audible and Spotify Follow WMAL's "O'Connor and Company" on X: @WMALDC, @LarryOConnor, @JGunlock, @PatricePinkfile, and @HeatherHunterDC Facebook: WMALDC and Larry O'Connor Instagram: WMALDC Website: WMAL.com/OConnor-Company Episode: Thursday, November 13, 2025 / 7 AM HourSee omnystudio.com/listener for privacy information.

The government is back oepn! We wonder how back payment for federal employees works. Joey’s son referred to a world atlas as one of his “touching books.” He just meant that it touches him “on the inside” and means something to him. Ho Ho Ho! If the person we call answers the phone with “ho ho ho,’ they get tickets to Dollywood! Hot Tea: Chickfila is testing a chicken and waffle sandwich, but only in two cities. Dolly is finally starting to be in better health! You can now buy a $200+ knitted phone holder from Apple. Group Therapy: My daughter doesn’t want to go to my mom’s house for Thanksgiving because her house smells like cat litter. Lucky 7 We talked with Rebekah, the new Vol fan from Texas that went viral for choosing UT to be her college football team. She is coming to town this weekend for the game! The penny has now been discontinued at the US Mint. It will still be in circulation, but no new ones will be made. It’s World Kindness Day! We had our nice coworker Bob come try to be mean and roast us. See omnystudio.com/listener for privacy information.

The U.S. Mint in Philadelphia is set to strike its last circulating penny on Wednesday as the president has canceled the 1-cent coin as the cost of making them became more than their value. Please Like, Comment and Follow 'Philip Teresi on KMJ' on all platforms: --- Philip Teresi on KMJ is available on the KMJNOW app, Apple Podcasts, Spotify, YouTube or wherever else you listen to podcasts. -- Philip Teresi on KMJ Weekdays 2-6 PM Pacific on News/Talk 580 AM & 105.9 FM KMJ | Website | Facebook | Instagram | X | Podcast | Amazon | - Everything KMJ KMJNOW App | Podcasts | Facebook | X | Instagram See omnystudio.com/listener for privacy information.

Dana In The Morning Highlights 11/13Ending the production of the penny will save $56 million for taxpayersNutrcracker Market opens today and last year drew in 100,000 shoppersJacelle Ortiz from Lone Star College melted all of us with her beautiful voice singing Christmas Carols

A few months ago, I mentioned that the US government had decided to stop minting pennies. Well, it looks like it's finally happened. Yesterday, the US Mint produced its final series of pennies, for good. Many retailers are stressed about how they'll handle prices and change. Some people want a consistent policy for all retailers, whether they're stores, restaurants, or even small businesses. But right now, nobody seems to agree on a solution. Some stores say they will round up prices to the nearest five or ten cents. And in some cases, they'll round down. Expect to see a lot of upset people when the cash register rings... Click Here To Subscribe Apple PodcastsSpotifyAmazon MusicGoogle PodcastsTuneIniHeartRadioPandoraDeezerBlubrryBullhornCastBoxCastrofyyd.deGaanaiVooxListen NotesmyTuner RadioOvercastOwlTailPlayer.fmPocketCastsPodbayPodbeanPodcast AddictPodcast IndexPodcast RepublicPodchaserPodfanPodtailRadio PublicRadio.comReason.fmRSSRadioVurblWe.foYandex jQuery(document).ready(function($) { 'use strict'; $('#podcast-subscribe-button-13292 .podcast-subscribe-button.modal-6919d4972e9a3').on("click", function() { $("#secondline-psb-subs-modal.modal-6919d4972e9a3.modal.secondline-modal-6919d4972e9a3").modal({ fadeDuration: 250, closeText: '', }); return false; }); });

The government is back oepn! We wonder how back payment for federal employees works. Joey’s son referred to a world atlas as one of his “touching books.” He just meant that it touches him “on the inside” and means something to him. Ho Ho Ho! If the person we call answers the phone with “ho ho ho,’ they get tickets to Dollywood! Hot Tea: Chickfila is testing a chicken and waffle sandwich, but only in two cities. Dolly is finally starting to be in better health! You can now buy a $200+ knitted phone holder from Apple. Group Therapy: My daughter doesn’t want to go to my mom’s house for Thanksgiving because her house smells like cat litter. Lucky 7 We talked with Rebekah, the new Vol fan from Texas that went viral for choosing UT to be her college football team. She is coming to town this weekend for the game! The penny has now been discontinued at the US Mint. It will still be in circulation, but no new ones will be made. It’s World Kindness Day! We had our nice coworker Bob come try to be mean and roast us. See omnystudio.com/listener for privacy information.

The U.S. Mint in Philadelphia is set to strike its last circulating penny on Wednesday as the president has canceled the 1-cent coin as the cost of making them became more than their value. Please Like, Comment and Follow 'Philip Teresi on KMJ' on all platforms: --- Philip Teresi on KMJ is available on the KMJNOW app, Apple Podcasts, Spotify, YouTube or wherever else you listen to podcasts. -- Philip Teresi on KMJ Weekdays 2-6 PM Pacific on News/Talk 580 AM & 105.9 FM KMJ | Website | Facebook | Instagram | X | Podcast | Amazon | - Everything KMJ KMJNOW App | Podcasts | Facebook | X | Instagram See omnystudio.com/listener for privacy information.

TO BUY SILVER & GOLD, contact Andy's firm at info@milesfranklin.comThe precious metals appear to have recovered from their recent pullback as gold futures vaulted over $4,200/oz today while silver futures surpassed $53/oz.So, is the precious metals rally back on?I asked this question to Andy Schectman in today's livestream. He think it very well may be.We discuss this plus a host of other PM-related topics. To hear it all, click here or on the video below.FYI: if you're looking to purchase bullion online, Thoughtful Money recommends Miles Franklin, co-founded, owned and operated by Andy. The firm has been in operation since 1989, and is a full-service precious metals broker with a mission to educate the masses on the benefits & principles of sound money and deliver fair pricing.Given the important of the partnership between Thoughtful Money and his firm, Andy himself has offered to give Thoughtful Money followers the “white glove” treatment. So if you're interested in learning more about their services, email them directly at info@milesfranklin.com and Andy or one of his lieutenants will give you personal attention, answer all your questions and work to get you the products that best meets your needs at the best possible price.#goldprice #silver #preciousmetals 00:00:00 — Is the rally back on? — initial take00:02:53 — How the price was knocked down (overnight dump, low liquidity)00:03:38 — Who bought the dip (Bank of America, Morgan Stanley)00:08:35 — Concern: inventory squeeze — intro to supply question00:09:56 — Tether and stablecoin buying of gold explained00:11:19 — Retail premiums and US Mint supply issues00:13:53 — Thesis: revaluing gold to devalue the dollar and reshore manufacturing00:18:01 — Kystan USD stablecoin backed by gold — broader trend00:20:22 — Tether at mining summit / disintermediation of miners00:23:14 — Silver as a strategic battleground (industrials vs investors vs states)00:24:32 — Silver added to US critical minerals list — implications00:26:04 — Primary silver production challenges; byproduct supply issues00:28:13 — Will silver become an heirloom metal again?00:38:44 — Shanghai futures, Russia, Hong Kong vaults — repo facility theory00:46:04 — Institutional positioning: $96M GLD call block (December bets)00:52:16 — User questions: selling bullion — process overview01:00:16 — Shipping & insurance details (USPS vs FedEx; insurance limits)01:06:24 — Confiscation risk discussion — likelihood and institutional focus_____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2025 Thoughtful Money LLC. All rights reserved.

- How about an AI system that needs 2x the energy NYC uses? - A GPU for every person - HPC-Quantum hybrid systems - Exascale Day 10/18, ExaFlops or ExaWatts? - Seymour Cray 100th birthday - Cray-1 50th anniversary - US Mint's new dollar coin featuring the Cray-1 - Cray-1 masterclass in... branding! [audio mp3="https://orionx.net/wp-content/uploads/2025/10/HPCNB_20251020.mp3"][/audio] The post HPC News Bytes – 20251020 appeared first on OrionX.net.

From All Bones Considered: Laurel Hill Stories #077, part 3   Joseph Wharton was a Quaker businessman and philanthropist whose work is still felt throughout the city and the world. He was the primary founder of Swarthmore College. His business acumen allowed the US Mint to make a healthy profit in the years he was involved. Fisher Park in northeast Philadelphia was his gift to the city. The Wharton State Forest in New Jersey is the largest mass of land owned by the state. And, of course, the world-famous business school that bears his name has graduated more eventual billionaires than any school in history. He is buried under a simple marble stone in a family plot at Laurel Hill East.

Today as we look at the wonderful penny, with a long history starting with the establishment of the US Mint  in 1792. Pennies have been with us a long time and have become part of our culture and vernacular. So a penny for your thoughts and let's see what we know.

Have any spare change? Do you still use cash and coins? The US Treasury Department and US Mint announced that it will stop making pennies after it runs out of the blank templates used to make the coins, saving the government $56 million a year in materials costs.  There is no indication that pennies will be taken out of circulation, only that new pennies will not be produced. This move should have no impact on electronic purchases - ACH, Wire, Debit, Credit, etc.  A few news articles on the subject: https://www.axios.com/2025/05/22/penny-coins-end-production-2026 https://www.axios.com/2025/05/24/treasury-penny-production-trump-shopping-change This issue is not unique to the United States. Canada, Australia and New Zealand stopped producing their penny-equivalents years ago. The cost to produce $0.01 is now approximately $0.0369 per penny, causing a loss to the US Mint of approximately $85.3 million.  And our other coins are similarly expensive to produce: $0.05 nickel costs $0.1378 per coin $0.10 dime costs $0.0576 per coin $0.25 quarter costs $0.1468 per coin It may be time to start using all those pennies we're currently saving in jars and piggybanks. What do you think? How will stopping the production of the penny impact you? Let us know if you enjoy this episode and, if so, please share it with your friends! Please also visit our sponsor Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.   Or, you can support the show by visiting our Patreon page: https://www.patreon.com/crushingDebt   To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach   To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com or visit www.YesnerLaw.com.  

Gotta get educated! 0:00 – Mic Test 3:40 – Intro 5:34 – Announcements 8:00 – What Can't You Wrap Your Head Around? 18:22 – Trump Gives A Weird Speech at West Point University 28:51 – Trump and Harvard Are Beefed Out 36:38 – South African President Meets w/ Trump 48:38 – RG3 vs Ryan Clark 1:02:39 – Diddy Case Updates 1:04:08 – Knicks Fan Stabbed In Indiana 1:09:10 – US Mint to Stop Producing Pennies 1:12:25 – Final Destination 6 1:15:00 – Outro/ Corny Joke -------------------------------------------------------------------- Free Harvard Classes: https://pll.harvard.edu/subject/government Please be sure to follow us on all our social media: Cashapp: $Headwrappod Bluesky: @headwrappod Instagram: @headwrapsandlipsticks TikTok: @headwrapsandlipsticks Facebook: Headwraps And Lipsticks: The Podcast Website: www.headwrapsandlipstick.com Email: hosts@headwrapsandlipsticks.com

Each week Hot off the Wire looks at a variety of stories in business, science, health and more. This week's headlines include: Despite economic concerns, Americans are set on getting away for Memorial Day weekend. Bored with manicured lawns, some homeowners adopt No Mow May all year long. Get ready for another busy Atlantic hurricane season, but maybe not as crazy as 2024. Most AAPI adults oppose college funding cuts and student deportations, a new poll finds. Stop making cents US Mint moves forward with plans to kill the penny. The crypto industry saw Trump as a champion. Some now fear he's putting personal profits first. Vance says Trump will use US military decisively rather than in 'open-ended conflicts' of the past. Horses on a Kentucky farm are helping men build sober lives, gain work and reunite families. NASA's Mars Perseverance snaps a selfie as a Martian dust devil blows by. Caught on camera, capuchin monkeys kidnap howler monkey babies. Clownfish shrink their bodies to survive ocean heat waves. Endangered whales gave birth to few babies this year as population declines. How many Americans believe in astrology and rely on fortune-telling A new survey has answers. For kids with autism, swim classes can be lifesaving. Weight-loss drugs may lower cancer risk in people with diabetes, a study suggests. A look at the 150-year history of ships hitting the Brooklyn Bridge. Fictional fiction A newspaper's summer book list recommends nonexistent books. Blame AI. Still finding trouble in the woods 'Blair Witch Project' star at center of Maine road dispute. College Football Playoff shifts to straight seeding model, no automatic byes for top league champs. Westminster Kennel Club sets plans for its 150th dog show next year. Record-setting British climber says he will scale Everest again next year, targeting his 20th summit. Five years later How the murder of George Floyd changed America. —The Associated Press About this program Host Terry Lipshetz is managing editor of the national newsroom for Lee Enterprises. Besides producing the daily Hot off the Wire news podcast, Terry conducts periodic interviews for this Behind the Headlines program, co-hosts the Streamed & Screened movies and television program and is the former producer of Across the Sky, a podcast dedicated to weather and climate. Theme music The News Tonight, used under license from Soundstripe. YouTube clearance: ZR2MOTROGI4XAHRX

DEI and hiring. Graduate carries baby across stage as officer gives chase in viral moment. Kanye West claims he's ‘done with antisemitism'. Senate GOP preps for ‘one big, beautiful' rewrite. Harvard sues Trump over ban on international students. US Mint places final order to kill penny production as part of Trump's order to ‘rip the waste' out of budget. Trump threatens tariffs on Apple.

It's Kai's last day as a regular co-host of “Make Me Smart” and he's got a solid rant (and two bleeps). We'll get into the Trump administration's push to block international students at Harvard, thretening one of American's biggest exports: higher education. Plus, we'll unpack the Supreme Court's 4-4 split over a separation of church and state case. And, could penguin poop be a tool against global warming?Here's everything we talked about today:“Supreme Court deadlocks, blocking creation of first religious public school” from The Washington Post“Trump Administration Halts Harvard's Ability to Enroll International Students” from The New York Times“Harvard University Loses Student and Exchange Visitor Program Certification for Pro-Terrorist Conduct” from the U.S. Department of Homeland Security“Stop making cents: US Mint moves forward with plans to kill the penny” from AP News“Penguin Poop Could Limit Global Warming's Impact on Antarctica” from Bloomberg“Make Me Smart” is going on a break! Kimberly and Reema will be back with new episodes June 9. We'd love to hear from you while we're away. Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

It's Kai's last day as a regular co-host of “Make Me Smart” and he's got a solid rant (and two bleeps). We'll get into the Trump administration's push to block international students at Harvard, thretening one of American's biggest exports: higher education. Plus, we'll unpack the Supreme Court's 4-4 split over a separation of church and state case. And, could penguin poop be a tool against global warming?Here's everything we talked about today:“Supreme Court deadlocks, blocking creation of first religious public school” from The Washington Post“Trump Administration Halts Harvard's Ability to Enroll International Students” from The New York Times“Harvard University Loses Student and Exchange Visitor Program Certification for Pro-Terrorist Conduct” from the U.S. Department of Homeland Security“Stop making cents: US Mint moves forward with plans to kill the penny” from AP News“Penguin Poop Could Limit Global Warming's Impact on Antarctica” from Bloomberg“Make Me Smart” is going on a break! Kimberly and Reema will be back with new episodes June 9. We'd love to hear from you while we're away. Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

AP correspondent Haya Panjwani reports on the end of the penny.

From this week's Moneyweek Magazine …Two rumours have been swirling around the gold markets for many years. Some have called them conspiracy theories. Others note that conspiracy theories often prove true. What's the difference between conspiracy and truth? About 30 years.The first is that China has far more gold than it says it does. We actually now know this to be true. The other is that America has far less than the 8,133 tonnes of gold it says it possesses.This rumour has been doing the rounds since 1971, when Peter Beter, a lawyer and financial adviser to former president John F. Kennedy, said he had been informed that gold in Fort Knox had been removed. He went on to write a best-selling book about it: The Conspiracy Against the Dollar.The problem is a total lack of transparency on the part of the US authorities, something that according to current US president Donald Trump, and the head of the Department of Government Efficiency, Elon Musk, will not be the case for much longer.Roosevelt triggers a boomBut to understand this situation we need to go back in time, all the way to 1933, when US president Franklin D. Roosevelt famously devalued the US dollar and revalued gold upwards by 70%, from $20 an ounce (oz) to $35/oz, in order to bolster growth. US gold reserves would increase to unprecedented levels in the next 15 years.Some of the gold came from US citizens. It was now illegal for them to own gold and they had to hand any they owned over to the authorities. Some came from the fact that the government then bought all US mined supply (the upwards revaluation of gold triggered a mining boom) and any gold imported to the US assay office. The US even began buying gold on foreign markets to protect the new higher price.Thus US official holdings in 1939 on the eve of World War II totalled 15,679 tonnes. They would only increase. With Nazi invasions, European nations sent all the gold they could across the Atlantic, either for safekeeping or to buy essential supplies; 1949 saw the high watermark of US gold holdings – 22,000 tonnes, as much as half of all the gold ever mined.In July 1944, with it clear that the Allies were going to win the war, representatives from the 44 Allied nations met at the Mount Washington Hotel in Bretton Woods for the United Nations Monetary and Financial Conference to design a new system of money for the new world order.International accounts would be settled in dollars, and those dollars were convertible to gold at $35/oz. Countries had to maintain exchange rates within 1% of the US dollar. In effect, the US was on a gold standard, and the rest of the world was on a dollar standard.The system relied on the integrity of the US dollar to work, and that integrity was in question, even before the end of the war. The June 1945 Federal Reserve Act reduced required gold reserves for notes outstanding from 40% to 25%, and against deposits from 35% to 25%. Between 1944 and 1954, because of increased supply, the dollar lost a third of its purchasing power, though the $35 Bretton Woods price remained.“Six major European countries,along with the UK, co-ordinated sales to suppress the gold price”US government spending was soaring, and it began running balance of payments deficits – made worse by the costs of foreign aid, America's new welfare systems and maintaining a military presence in Europe and Asia. Gold began leaving the US. By 1965 reserves had fallen by 9,500 tonnes, down 40% from the 1949 peak.Successive US administrations tried to stop the outflow, without success. Dwight D. Eisenhower banned Americans from buying gold overseas, Kennedy imposed the “equalisation tax” on foreign investments, and Lyndon B. Johnson discouraged Americans from travelling altogether. “We may need to forgo the pleasures of Europe for a while,” he said.Fears that the dollar would devalue following the election (won by Kennedy) sent the gold price in London to $40/oz. The Bank of England, in collusion with the Federal Reserve, began increasing gold sales to keep the price down.Thus did the London gold pool begin, with the addition of six major European nations the following year (Belgium, France, the Netherlands, West Germany, Italy and Switzerland), which co-ordinated sales to suppress, or “stabilise”, to use their word, the gold price and defuse unwanted, upward market pressure.But the pool struggled against growing demand. In 1965, an ounce of gold was still $35, but the purchasing power of the dollar had decreased by 57% from 1945, while gold reserves had also fallen sharply. The culprit was the costs of the US government, in particular the Vietnam War and president Johnson's enormous welfare spending.If you are buying gold to protect yourself in these uncertain times - and you should if you do not already own some - as always I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. More here.Bretton Woods under pressureWith inflation rising at home and international confidence in the dollar waning, these programmes were not just costly – they undermined Bretton Woods. Non-American nations felt aggrieved that they had to produce $100 worth of goods and services to get a $100 bill, when the US could just print one. French finance minister Valéry Giscard d'Estaing called it “America's exorbitant privilege”.President de Gaulle, meanwhile, had had enough. He ignored the pool to turn all French dollars and sterling balances into gold. The French even sent battleships to New York to collect their gold. De Gaulle became the target of several assassination attempts – coincidence, I'm sure. There were rather more US dollars in the world than there was gold to back them, he felt, and he was right.By 1967, US foreign liabilities were $36bn, but it only had $12bn in gold reserves – a third of what was needed to back the dollar. West Germany, Spain and Switzerland began demanding gold for their dollars. Even the British, with sterling going through one of its quadrennial collapses, asked the Americans to prepare $3bn worth of Fort Knox gold for withdrawal. Private gold demand was overwhelming.“The floor of the Bank of England's weighing room collapsed under the weight of all the bullion”In November 1967, the British government devalued the pound by 14%, from $2.80 to $2.40, in order to “achieve a substantial surplus on the balance of payments consistent with economic growth and full employment”.In that month, the London market saw greater bullion demand than it would typically see in nine: as much as 100 tonnes per day. To stem demand they banned forward buying, leverage and the purchase of gold with credit. The pool still lost 1,400 tonnes that year, more than a whole year's mined supply.Selling pressure on the US dollar only increased when the Viet Cong and North Vietnamese People's Army of Vietnam launched the first of a series of surprise attacks on US armed forces in South Vietnam in January 1968.Desperate to prop up the system, US military aircraft flew tonne after tonne of gold to RAF Lakenheath from where it was trucked in military convoys to the back entrance of the Bank of England: at one point the floor of the Bank of England's weighing room collapsed under the weight of all the gold.You really should subscribe to this amazing publication.Shoring up the systemIn the four days between 11 March and 14 March 1968, some 780 tonnes were sold to market. The effort to protect the price was deemed hopeless. On 15 March, UK chancellor Roy Jenkins declared a bank holiday, and the gold market was closed for a fortnight, “at the request of the United States”.Zurich also closed. Paris stayed open with gold trading at a 25% premium. All in all, the final 15 months saw over 3,000 tonnes sold to market to protect that $35 price. The pool had lost more than an eighth of its reserves.Two days later, in the rushed-through Washington Agreement, governors of the central banks in the gold pool declared there would be one fixed gold marketfor official government transactions at $35/oz and another, free-market, price for private transactions. Not for the last time, central bankers were living in a world of their own.Gold is one thing. Gold standards are another. They tend not to last, particularly bogus ones such as this one, under which citizens themselves did not handle gold. Keynes called them barbarous – ironic, perhaps, given that he was one of the architects of this one.In August 1971, president Nixon took the US off the gold standard, a “temporary” measure that remains more than 50 years later. For the first time in history, gold – Switzerland aside – played no part in the global monetary system.Of course it was the fault of the speculators. It always is. “I have directed the secretary of the Treasury to take the action necessary to defend the dollar against the speculators,” Nixon said, deflecting responsibility, and “to suspend temporarily the convertibility of the dollar into gold”.High time for a US gold auditThe US keeps its gold in four places: at Fort Knox, Kentucky (roughly 56% of its 8,133 tonnes); at the Federal Reserve Bank of New York (8%); and the remaining 36% at the mints in Denver and West Point. There has not been a proper public audit of this gold since 1953. There have been internal audits, especially between 1974 and 1986, but these were not transparent.There are many people, among them gold experts, who do not believe the gold is there. The US spent it trying to suppress the gold price in the 1960s, theysay. But in this new age of American transparency, both Trump and Musk have repeatedly pledged that this gold will be audited.There is talk of it being done on a livestream. Trump has even suggested the gold has been stolen. “We're actually going to Fort Knox to see if the gold is there,” he said, “because maybe somebody stole the gold. Tonnes of gold.”They've been making such light of it, one has to assume they know the gold is there. Musk was laughing about the conspiracies on podcasts, and he even posted a picture of a Fort Knox starter kit: a brick and some gold spray. I can't see how they would be joking if there were any serious doubts.Secretary of the Treasury, Scott Bessent, has said quite categorically that the gold is there. The last audit was in September 2024, he said in a recent Bloomberg interview, before looking down the camera and assuring the US people that “all the gold is present and accounted for”. But this would only have been an internal audit, and it would not have been a full audit.According to the US Mint, “the only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits”. No other gold has been transferred to or from the depository “for many years”. How long is many years, though? As far back as the 1960s?It's quite astonishing just how secretive the whole thing is. They opened the vaults for a congressional delegation and certain members of the press to view the gold in 1974. There were rumours swirling about then too. “We've never done this before and we'll probably never do it again,” said the then director of the US Mint Mary Brooks.“The gold commonly confiscated under Roosevelt contained some copper, and is not pure enough for sale”Then in 2017, during Trump's first administration, Treasury secretary Steven Mnuchin and Senate majority leader Mitch McConnell were invited to view the gold. “The gold was there,” Mnuchin said. He is “sure” nobody's moved it. There are “serious security protocols in place”. But there are more than 4,000 tonnes in Fort Knox. A tonne would be about the size of a medium to large suitcase. Did he see all 4,000 of them?The other big issue is the purity of the gold. What is there might not all be of good delivery quality, meaning it would not be readily accepted in international bullion markets. If much of the gold is the bullion Roosevelt confiscated in the 1930s, it will be in the form of “coinmelt”: melted down coins.The commonly confiscated coins, such as the $20 double eagle, were only 90% pure and mixed with copper to make them harder. When melted down, they were not always properly refined to modern standards, while the bars they were melted into weighed 320-330 ounces, not the 400 oz bars of good delivery standard today. In practice, this means Fort Knox gold would not be accepted without additional processing.But, until a proper audit takes place, this is all speculation, albeit reasoned speculation. We don't know the full facts. The reasons given for not conducting a full audit are flimsy: we don't need to, it would be too much of an undertaking. Please!If the US gold turns out not to be there, then the gold price goes up – potentially a lot. If it is there, it's business as usual.For now, I'd say the markets are behaving as though it is business as usual. They are climbing, and every dip is being bought, largely, it seems, by central banks (especially in Asia), who are diversifying their holdings and de-dollarising. But this audit cannot come quickly enough.Large volumes of physical gold - over 1,000 tonnes by some counts - have recently been transferred from London to New York. One theory is that was the gold was transferred in anticipation of tariffs. Another is that it was the US buying ahead of its audit. We will soon find out.Finally, I would just like to debunk one theory doing the rounds. US gold is currently marked to market at $42/oz. After the audit, those 8,133 tonnes – assuming they are there and of good delivery quality – could be marked to market at current prices, meaning a significant uplift in the value of holdings.The theory doing the rounds is that Treasury ecretary Bessent will use some of the upwards revaluation to monetise the balance sheet – not unlike how Roosevelt did in 1933 – to create funds for, among other things, the strategic bitcoin reserve. But Bessent has quite clearly stated that is not his intention.This article first appeared in Moneyweek Magazine. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Today on America in the Morning   Trump Delays Tariffs President Trump has done an about-face and again suspended enacting 25 percent tariffs against Canada and Mexico for another 30 days. Correspondent Donna Warder reports that this comes after Mexico promoted a Sunday announcement on new tariffs against the US, and Canadian leaders threatened tariffs of their own, including the British Columbia premier who vowed to tax trucks traveling through Canada between Alaska and Washington State and Ontario saying they'd cut electric power to the US.    Green Censured The House has censured Texas' Al Green for disrupting Tuesday night's speech by President Trump. Washington correspondent Sagar Meghani reports.    Ordered To Spend Money A judge has set Monday as the deadline for the Trump administration to pay some of the nearly $2 billion dollars it owes in foreign aid, after the Supreme Court rejected the government's legal argument to continue the freeze. Lisa Dwyer reports.    Trump Budget's Plan B Republicans in Washington are looking toward a stop gap measure to keep the government open. Correspondent Clayton Neville reports.    Kohberger Case Texts Released Text messages between two surviving roommates from the home in Moscow, Idaho, where four University of Idaho students were killed in a home invasion stabbing attack have been revealed to the public.     1958 Mystery May Be Solved A mystery that dates back to 1958 may finally be solved, after a car belonging to a missing Oregon family was located in the Columbia River. As correspondent Haya Panjwani reports, the case surrounds the five members of a family last seen when they left to shop for Christmas items and were never heard from again.       Newsom On Transgender Athletes California Governor Gavin Newsom is feeling the heat from fellow Democrats, and skepticism from Republicans, over his statement that it's unfair for transgender athletes to compete in women's sports. More from correspondent Rich Johnson.     Latest On Ukraine The Trump administration is pointing the finger of blame at Ukraine for a U.S. pause on military aid and intelligence sharing with Kyiv. However, as Washington correspondent Sagar Meghani reports, they are also laying the foundation for talks to take place in Saudi Arabia to find a way to end the Russia-Ukraine war.    FDA Hearing President Trump's pick to head the Food and Drug Administration faced questions from senators during a confirmation hearing in which he was asked about abortion pill Mifepristone, vaccines, and whether the food we eat is making the nation's children sick. John Stolnis has more from Washington.    Hamas Says No To Trump Hamas is seemingly brushing off President Trump's demands as the Commander in Chief calls for peace in the Middle East and the return of Hamas-held hostages. Correspondent Clayton Neville reports.    Limits On DOGE President Trump says he doesn't want to see a lot of good people cut from the federal government, as he appears to be placing some limits on DOGE. Correspondent Donna Warder reports.    Philadelphia Plane Crash Update The cockpit voice recorder was not working on a medical transport plane that killed seven people when it plummeted into a Philadelphia neighborhood in January, the National Transportation Safety Board said in a preliminary report.     Tech News A House committee on Capitol Hill is looking into how social media may have censored speech about President Trump, or other conservative issues. Here's Chuck Palm with today's tech news.   Finally   Following President Trump's executive order to have the US Mint no longer produce pennies due to the fact it costs about 4 cents to make one penny, but not everyone is happy to see the nation ditch the one-cent coin. Correspondent Ed Donahue reports on one potential fallout to the end of the production of pennies. Learn more about your ad choices. Visit podcastchoices.com/adchoices

One of President Donald Trump's many actions in his first three weeks included directing the US Treasury Department to stop minting new pennies. There's been a movement to get rid of the pennies of years, partly because, according to some estimates, the one-cent coin costs nearly four cents to produce, and the US Mint reported they lost $85.3 million last year making them. Former Director of the United States Mint, Philip Diehl, joined Dave Anthony to discuss why he's long been advocating for getting rid of the penny, Diehl explained how the change could impact the American economy. He also discussed why there's a case to get rid of the nickel and why coin and paper currencies will serve a purpose despite the popularity of crypto. We often must cut interviews short during the week, but we thought you might like to hear the full interview. Today on Fox News Rundown Extra, we will share our entire interview with Former Director of the United States Mint, Philip Diehl, allowing to learn more about the penny, and the potential future of American currency. Learn more about your ad choices. Visit podcastchoices.com/adchoices

One of President Donald Trump's many actions in his first three weeks included directing the US Treasury Department to stop minting new pennies. There's been a movement to get rid of the pennies of years, partly because, according to some estimates, the one-cent coin costs nearly four cents to produce, and the US Mint reported they lost $85.3 million last year making them. Former Director of the United States Mint, Philip Diehl, joined Dave Anthony to discuss why he's long been advocating for getting rid of the penny, Diehl explained how the change could impact the American economy. He also discussed why there's a case to get rid of the nickel and why coin and paper currencies will serve a purpose despite the popularity of crypto. We often must cut interviews short during the week, but we thought you might like to hear the full interview. Today on Fox News Rundown Extra, we will share our entire interview with Former Director of the United States Mint, Philip Diehl, allowing to learn more about the penny, and the potential future of American currency. Learn more about your ad choices. Visit podcastchoices.com/adchoices

One of President Donald Trump's many actions in his first three weeks included directing the US Treasury Department to stop minting new pennies. There's been a movement to get rid of the pennies of years, partly because, according to some estimates, the one-cent coin costs nearly four cents to produce, and the US Mint reported they lost $85.3 million last year making them. Former Director of the United States Mint, Philip Diehl, joined Dave Anthony to discuss why he's long been advocating for getting rid of the penny, Diehl explained how the change could impact the American economy. He also discussed why there's a case to get rid of the nickel and why coin and paper currencies will serve a purpose despite the popularity of crypto. We often must cut interviews short during the week, but we thought you might like to hear the full interview. Today on Fox News Rundown Extra, we will share our entire interview with Former Director of the United States Mint, Philip Diehl, allowing to learn more about the penny, and the potential future of American currency. Learn more about your ad choices. Visit podcastchoices.com/adchoices

President Trump's administration is facing numerous legal challenges to their executive orders, with the end to birthright citizenship, a freeze on federal funding, and others that are currently tied up in the courts. FOX News Contributor, attorney Andrew McCarthy, joins the Rundown to discuss the legal background behind some of the court cases and why he feels that the Trump administration has strong chances of legal victory in most instances. Later, Special Counsel to President Trump, Alina Habba, joins to share her thoughts on “activist judges” and the actions that President Trump has signed off on so far. Earlier this week, President Donald Trump directed the US Treasury Department to stop minting new pennies. The one-cent coin costs nearly four cents to produce, and the US Mint reported they lost $85.3 million last year producing pennies. In 2023, Congress proposed legislation to alter the coin's composition to cut costs. Former Director of the United States Mint, Philip Diehl, joins to discuss how getting rid of the penny will impact the American economy and what this will look like. Plus, commentary from FOX News contributor Joe Concha. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

President Trump's administration is facing numerous legal challenges to their executive orders, with the end to birthright citizenship, a freeze on federal funding, and others that are currently tied up in the courts. FOX News Contributor, attorney Andrew McCarthy, joins the Rundown to discuss the legal background behind some of the court cases and why he feels that the Trump administration has strong chances of legal victory in most instances. Later, Special Counsel to President Trump, Alina Habba, joins to share her thoughts on “activist judges” and the actions that President Trump has signed off on so far. Earlier this week, President Donald Trump directed the US Treasury Department to stop minting new pennies. The one-cent coin costs nearly four cents to produce, and the US Mint reported they lost $85.3 million last year producing pennies. In 2023, Congress proposed legislation to alter the coin's composition to cut costs. Former Director of the United States Mint, Philip Diehl, joins to discuss how getting rid of the penny will impact the American economy and what this will look like. Plus, commentary from FOX News contributor Joe Concha. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

President Trump's administration is facing numerous legal challenges to their executive orders, with the end to birthright citizenship, a freeze on federal funding, and others that are currently tied up in the courts. FOX News Contributor, attorney Andrew McCarthy, joins the Rundown to discuss the legal background behind some of the court cases and why he feels that the Trump administration has strong chances of legal victory in most instances. Later, Special Counsel to President Trump, Alina Habba, joins to share her thoughts on “activist judges” and the actions that President Trump has signed off on so far. Earlier this week, President Donald Trump directed the US Treasury Department to stop minting new pennies. The one-cent coin costs nearly four cents to produce, and the US Mint reported they lost $85.3 million last year producing pennies. In 2023, Congress proposed legislation to alter the coin's composition to cut costs. Former Director of the United States Mint, Philip Diehl, joins to discuss how getting rid of the penny will impact the American economy and what this will look like. Plus, commentary from FOX News contributor Joe Concha. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

This week PFC Irvine explores the $440,000 sale of the first struck $1 Gold Flowing Hair 230 Privy dollar with US Mint dies and why someone may buy it. If you wish to support the show and PFC Irvine's Journey you can find his Ebay store here----> PFC NETWORK  Like our Facebook Page: Learning To Deal Podcast

It's not a rom-com, but it has both rom and com with an extra-large side of Twister fries. Twisters, the movie, is the surprise hit of the summer, and also of note: The Guys all saw it in the theater, with their wives, and within a few days of being in the theater for another film.  But this one didn't star Ryan Reynolds.  In fact, perhaps the biggest name in this tornado-flick-sans-sharks was an amazing singer who didn't get to sing.  The plot line was pleasantly predictable, but hey - so is this podcast.  The Guys recommend this one 100% and especially in the theater, but if you can't do that, at least find a large TV with a surround sound system, and turn the ceiling fan on high.   Geeks this week include: The US Mint does a cross-over with DC and you can help! Batman Caped Crusader has made it to Prime!  And if you live near enough to an IMAX theater, Interstellar is celebrating 10 years with a re-release in those big, tall, round theaters.  Not the Globe… not the Sphere…the other ones.  In fact, you should listen to this episode in an IMAX ear theater.  

Charlotte, NC is one of the fastest growing metropolitan cities in the United States. While the city has always looked forward, it was actually founded before the American Revolution and the site of the first US Mint. But in the past two decades, the intense growth and the addition of a light rail system have brought immense changes citywide. In the middle of it all, the Nguyen family has been feeding its community, one Bahn Mi sandwich at a time. From homemade beginnings to a cornerstone business of the Asian Corner Mall, Le's Sandwiches and Cafe now has another new chapter of its own. Tuan Nguyen has taken over the business from his parents and is carrying on their legacy, despite the closing of the mall that is slated for imminent demolition. Le's has a beautiful new streetfront building on Sugar Creek Road, and they routinely sell out of everything they can make. Le's Bahn Mi #6 was voted one of the best sandwiches in Charlotte by QC Magazine, they have been featured in The Charlotte Observer, and the restaurant was the subject of an oral history published by The Southern Foodways Alliance.  Other episodes you might enjoy:  Dayna Lee: Comal 864 (Greenville, SC) Don Trowbridge: Trowbridge's (Florence, AL)  

Send us a Text Message.Co-Author of “You Thought It Was More” New Adventures of the World's Greatest Counterfeiter begins by explain how he met Louis “the Coin” Colavecchio and if he wanted to be a made guy. Louis sold fake luxury brand sweaters, stole money from Catholics, and even did load frauds to purchase luxury sports cars from Italy! A master at creating casino chips/tokens, but where does one get this equipment? It took four years to perfect with coins for 36 casinos that were used in Las Vegas, Laughlin, NV, Atlantic City, and even Tribal Casinos in Connecticut.Where did all the money go? How did Louis the Coin get caught? Louis had a ¾ piece of plywood under a rug in the trunk of his car to handle the weight of all the counterfeit tokens along with other things. A quick discussion of having a travelling Louis the Coin Exhibit especially at The Mob Museum in Las Vegas! Part of his pea deal after serving two years at Fort Dix, he showed Mohegan Sun how he did it and was hired by the US Mint! He paid only $2400 of a 90K restitution agreement and was given a REFUND! Louis was also in trouble for not just casino chips but also for stealing $100K from his 92-year-old aunt, counterfeiting $100 bills and walked from testing positive for cocaine saying he needed it for sex. In addition to bank, mortgage, and insurance fraud!Was Louis straightforward about his actions, did his mouth get him into trouble, and the status of the screenplay. What does he miss the most about Louis who passed away in 2020.**Note: due to supply chain issues the release date of "You Thought It Was More" is July 9, 2024.** Andy Thibault LinksBuy Book: https://louisthecoinbook.com/CT. State Police Museum: https://www.cspaaa.com/museum/  Before the Lights Links:Want Trivia? Email me: tommycanale3@gmail.comHire Tommy to Speak: https://www.beforethelightspod.com/public-speakingBecome a BTL Member: https://www.beforethelightspod.com/supportBefore the Lights Website: https://www.beforethelightspod.com/Get Tommy a Glass of Vino: https://www.buymeacoffee.com/beforethelightsSupport the Show.Follow the show on Instagram: https://www.instagram.com/beforethelightspodcast/Follow the show on Face Book: https://www.facebook.com/beforethelightspodcast/Follow the show on Tik Tok: https://www.tiktok.com/@beforethelightspodcast?lang=enFollow Tommy on Face Book: https://www.facebook.com/tcanale3Rate & Review: https://podcasts.apple.com/us/podcast/before-the-lights/id1501245041Email the host: beforethelightspod@gmail.com

A slightly-longer Sunday morning thought piece than usual today, but one that is well worth the effort I hope you'll discover.A reminder that:* This August I am going to the Edinburgh Fringe to do one of my “lectures with funny bits”. This one is all about the history of mining. As always, I shall be delivering it at Panmure House, where Adam Smith wrote Wealth of Nations. It's at 2pm most afternoons. Please come. Tickets here.* My first book and many readers' favourite, Life After the State - Why We Don't Need Government (2013), is now back in print - with the audiobook here: Audible UK, Audible US, Apple Books. I recommend the audiobook ;)Isaac Newton, who, along with William Shakespeare, Leonardo Da Vinci and Aristotle, must be one of the cleverest individuals to have ever lived, made groundbreaking contributions to physics, mathematics, optics, mechanics, philosophy and astronomy. The laws of motion, the theory of gravitation and the reflecting telescope were among his many contributions. He was also a brilliant alchemist, obsessed with theology and biblical prophecy. As if that isn't enough, he is credited with the design of the Gold Standard, the primary monetary system of the world for over two hundred years. Today we explore how this brilliant system was accidental.In 1695, counterfeit coins accounted for more than a tenth of all English money in circulation. Massive LOL: the English used the counterfeit coins, in particular, to pay their taxes. The Exchequer that year reported no more than ten good shillings for every hundred pounds of revenue. Coin clipping was also a major problem, especially of old coins, and silver coins were disappearing from circulation altogether. Silver was worth more on the continent as bullion than it was in the UK as tender, so arbitrageurs shipped coins abroad, melted them down, and sold them for gold. Everyone from the Jews to the French was blamed, but by 1695 it was almost impossible to find legal silver in circulation. It had all been melted down and sold.This all led to a scarcity of money, which inhibited trade. More damage was caused to the English nation in just one year by bad money than “by a quarter century of bad kings, bad Ministers, bad Parliaments and bad Judges”, said the historian Thomas Babington Macaulay.King William begged the House of Commons to respond to the crisis and, seeking help, Secretary of the Treasury, William Lowndes wrote letters to England's wisest men, asking their advice: among them, philosopher John Locke, architect Sir Christopher Wren, banker Sir Josiah Child, and scientist, Sir Isaac Newton.Newton was in his mid 40s and probably not far off the peak of his powers. He had published his most famous work, the Philosophiæ Naturalis Principia Mathematica, just eight years earlier in 1687, and it had established him as the smartest man in the country. He would now put his great mind to money.With the formation of the Bank of England the previous year, Newton had become aware of the possibilities of paper money. “If interest be not yet low enough for the advantage of trade,” he wrote, “the only proper way to lower it is more paper credit till by trading and business we can get more money.” He could see that token value and intrinsic value were not necessarily one and the same.It was also obvious to Newton that the currency criminals were rational actors. They would continue to clip, counterfeit, and sell abroad while there was profit in it. Bullion smuggling carried the death sentence, yet still it went on. Coercion alone would not be enough to stop it from happening. The market itself needed to be changed.He came up with two measures. First, to deal with the clipping, all coins minted prior to 1662 should be called in, melted down, and, using machines, re-made into coins that had a single consistent edge. With no more hand-hammered coins in circulation, clipping coins would become that much more difficult. Re-minting the entire country's coin, however, at a time of such primitive machinery, was no small undertaking. Second, to deal with the silver issue, the amount of silver in coins should be lowered so that the silver content and the face value of the coin were the same.The thought of such a devaluation went against the psyche. The idea that token value and intrinsic value might be different was alien and Newton's second proposal was not widely welcomed. There were 20 shillings to a pound, so a shilling should contain a concomitant amount of silver.  Newton may have thought that the token was more important than the silver content, but landowners and the government, which was largely made up of them, would lose 20% of their silver by Newton's proposal. In 1696 Parliament approved the recoinage, but stipulated the new coins maintain the old weights. Newton warned that the silver outflow would continue.The following year, nudged by John Locke, Charles Montague, the Chancellor of the Exchequer, sent Newton a letter notifying him that the King intended to make him Warden of the Mint. So began his new career. Perhaps the role was only intended as a sinecure, but Newton took it very seriously.Putting his chemical and mathematical knowledge to good use, Newton got the Mint's machines working and the coins minted at a speed that defied the predictions of even the boldest optimist and, as an industrial operation, Newton's recoinage was an enormous success. Newton would also have to learn the skills of a policeman—both investigator and interrogator—and he proved masterful. This ruthless enforcer of the law, oversaw numerous investigations, exposing frauds, and then prosecuting perpetrators. Poor counterfeiters had no idea what they were up against, and many were sent to the gallows for their crimes.So good at the job of Warden was Newton that, in 1699, he was promoted and made Master of the Royal Mint, and after the Union between England and Scotland in 1707, Newton directed a Scottish recoinage that would lead to a new currency for the new Kingdom of Great Britain.He had solved the clipping issue, the counterfeiting issue was vastly improved, but silver was still making its way across the Channel, just as Newton had said it would. As long as the silver content exceeded the face value of the coins, the trade would continue. By 1715, almost all of the coins that Newton had struck between 1696 and 1699 had left t he country.Newton's studies had moved on from tides, planetary motions, and pendulums to the gold markets. He drew up an extensive table of assays of foreign coins and in doing so realised that gold was cheaper in the new markets opening up in Asia than in Europe, and thus that silver was not just being sucked out of England, but out of Europe itself to India and China where it was traded for gold.Meanwhile, the world's next great gold rush had started.If you are interested in buying gold, check out my recent report. I have a feeling it is going to come in very handy in the not-too-distant future.My recommended bullion dealer is the Pure Gold Company.World gold output doublesSome time in 1694 Portuguese deserters had found alluvial gold two hundred miles inland from Rio De Janeiro in Minas Gerais in Brazil. Soon everyone was flocking there, “white, coloured, black, Amerindian, men and women; young and old; poor and rich; nobles and commoners; laymen and clergy,” said a Jesuit priest who lived in the area. By 1724, within just three decades of the discovery, world output had doubled. By 1750, 65% of global production was emanating from Brazil. The gold made its way to Lisbon, along with sugar, tobacco and other Brazilian products - similar amounts to that which the Conquistadors had sent back to Spain the previous century - and with it the Portuguese minted their moidores coins.The Portuguese used their gold to buy English cereal crops, beef and fish, woollen goods, manufactured articles, and luxuries. Portugal imported five times as much from England as it exported to it, and it used its gold to settle the difference. The moidores, which weighed slightly more than an English guinea, worth 28 shillings, actually became currency, especially in the west country, where there were more of them than local coins. “We hardly have any money,” wrote an Exeter man in 1713, “but Portugal gold.” In London, the Bank of England began buying vast amounts of gold, “to be coined as it comes in” and the Mint began minting guineas from the moidores. By 1715 the Bank had 800 kg/25,700 t.oz, a nascent central bank reserve, and this figure would rise would to 15.5 tonnes/500,000 t.oz by 1730. So much gold coin had never been minted before and London soon overtook Amsterdam as the foremost precious metals market. Gold was coming and staying. Silver was leaving for Asia. In 1717 Newton was called on to investigate.He came up with a new system and outlined it in a report to the Lords Commissioners of His Majesty's Treasury in September 1717. Less than three months later there was a Royal Proclamation that forbade the exchange of gold guineas for more than 21 silver shillings - even if they were clipped or underweight. Thus was a guinea just over a pound, which was 20 shillings, or 113 grains of gold. The ratio of gold to silver was effectively set at roughly 1:15.5.But silver coin clipping continued, and full-weight silver coins continued to be exported to the continent, where 21 shillings of silver could still get you more than a guinea's worth of gold (just over 7.6 grams/1/4 t.oz), and to Asia, especially India and China, often via the East India Company, where silver was even more valuable. The result was that silver was used for imports, and so left the country, while exports were traded for gold, which thus came into the country.All in all, some two-thirds of that Brazilian gold is thought to have ended up in England. Hundreds of tonnes in total.Britain had always been on a silver standard. A pound was a pound of sterling silver. “In all men's minds the only true money of the country was the silver coin,” said Sir John Craig, historian of the Mint. Although that Royal Proclamation suggested a bimetallic standard, in practice, with so much silver going abroad, it moved Britain from silver to its first gold standard. Gold was more dependable than clipped silver. The future would look back on Newton as the father of the gold standard. His system proved the bedrock of Britain's domestic and international trade through the 18th century, helping it to become such a formidable commercial power. But it was an accidental gold standard. Nobody—not the institutions nor the persons involved—had had the slightest intention of creating a new monetary system on gold. Most people wanted to sustain silver as the prime coinage of the land. Newton had tried to create a functioning bimetallic standard. But market forces had other ideas.In the 1770s there was another recoinage in Britain, which, in terms of sheer scale, was unprecedented. Some 155 tonnes/5 million t.oz of gold in total, perhaps 30 times greater than Newton's recoinage of 1696-9, greater than anything attempted by Spain or Venice, or even Rome. No attempt was made to recoin silver. It was a formal admission that Britain was now on a gold standard. Newton's accidental gold standard was formalised.Anno domini for goldThe second half of the 19th century proved the golden age of the gold rush. First California, then Australia, then New Zealand, then South Africa, then Western Australia, and finally the Klondike.Aside from taxation (see Daylight Robbery), it is difficult to think of anything more overlooked that has had a more profound influence on the course of human history than the gold rush. Nations, indeed civilisations, have been formed on the back of them. (The beneficial impact of gold discoveries in Northern Spain to the Roman Empire is dramatically understated, for example). The fifty years from January 24th, 1848, were perhaps the golden era of the gold rush. The date stands as a watershed moment, the dawn of a new golden age. You might say there are two histories of gold, one before and one after 1848, akin to a BC and AD moment in time. On that day a carpenter from New Jersey by the name of James Marshall saw something shiny at the bottom of a ditch while carrying out a routine inspection of a lumbar mill he was helping build on the western slopes of the Sierra Nevada in California. The scale of the gold business changed out of all proportion. The amount of metal available changed beyond all recognition. Annual production rose fivefold in five years. The Paris Mint coined 150 million Napoléons D'Or in eight years from 1850-57, compared to 65 million in the preceding 50 years. The US Mint's output of gold eagles rose fivefold.The gold price should surely fall with all the new supply, feared bankers and economists. “The price must fall,” said the Economist, wrong about everything even then. The Times agreed. French economist Michel Chevalier wrote an entire book, On the Probable Fall in the Value of Gold. But the gold price did not fall. It stayed constant. Surprisingly perhaps, the biggest casualty of the gold rush, and the dramatic increase in gold supply, was silver. Silver had been money for thousands of years. Not for much longer. Its price halved. In 1850 only Britain, Portugal, Brazil, and a handful of other nations were on the gold standard. Everyone else was on bi-metallic standards. Come 1900 China was the only major nation not on a pure gold standard. Scarcely had the discoveries in California been made when the US began minting $1 and $20 gold coins, in addition to the $10 eagle. Before the discovery, the US Mint struck $4 million worth; in 1851 it minted over $62 million worth. Gold is “virtually the only currency of the country,” said a Congressman proposing a $3 gold coin in a debate in 1853. 1853 would also prove the last time silver dollars were struck, though they still circulated. In practical terms, if not nominal, the US was moving to a gold standard. Then the Coinage Act of 1873 eliminated the standard silver dollar altogether. The act became known as the Crime of 1873. There was a rearguard action, a “silver crusade” to get silver reinstated, especially as silver supply was now increasing thanks to discoveries in Nevada, Colorado, and Mexico. There was, thought some, a “deep-laid plot” engineered by a foreign conspiracy to increase the national debt, which would have to be paid in gold. Bimetallism became a central issue of the election of 1896, when an ambitious young Democrat by the name of William Jennings Bryan won the nomination that he thought would carry him to the presidency with what is widely regarded as one of the greatest speeches in American political history. “Thou shalt not crucify mankind upon a cross of gold,” he bellowed. But no.Gold rather than silver was now in the pockets of millions of people around the world. The increased gold supply effectively sent both France and the US onto gold standards, even though nominally they remained bimetallic (the US until 1900). The move from silver to gold gathered pace in Europe from the 1870s. In 1872-3 Germany launched its new mark, followed by Denmark, Sweden, Norway, and the Netherlands. France, Belgium, Switzerland, and Italy had signed up to a Latin bimetallic monetary union in 1865, which was undermined by the tumbling silver price, and they largely abandoned the silver part of the equation after 1874. By the end of the century, every major nation bar China was on a gold standard, the classical gold standard which Isaac Newton is credited with having designed.But that classical gold standard, that golden age of sound money for which many hard money advocates of today, including yours truly, pine, was not designed and planned, it was accidental.As a the poet Robert Burns wrote:But Mousie, thou art no thy-lane,In proving foresight may be vain:The best laid schemes o' Mice an' MenGang aft agleyThe modern system of fiat money by which we operate today is also accidental, evolving from political expediency, political pressure, technological developments, deficit spending, suppressed interest rates, misguided obsession with GDP, and more. Many, especially the powerful, have exploited it for their own ends, but nobody designed a system in which 99% of money is digital, in which 99% of money is debt, in which loss of purchasing power and Cantillon Effect are built in, which robs the young, the salaried, and the saver, which makes an increase in the wealth gap inevitable and so on. The modern system is clearly in its endgame. Better systems are emerging. But endgames last a long time.Enjoy this article? Please consider becoming a paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

This week's market update argues that a silver price surge is coming due to strong demand in the East, particularly China and India. Record silver imports by India, exceeding the US Mint's American Silver Eagle sales in the past 5 years combined, are driven by growth in solar energy and battery production. China's surging solar panel demand is creating a premium for silver, and their silver stockpiles are shrinking. Despite recent price drops, the analyst believes bullish fundamentals will prevail due to undervalued silver and overvalued fiat currencies.

One of many narratives promoted to justify stripping and replacing our citizenship.

#AndySchectman: Who Is US Treasury Going To Borrow The Money From On one hand, it seems to be a good sign that over the past year, there's been more conversation about the risks posed by the US debt, and concern about how the increasing debtloads will be funded. However, less ideal is the fact that no one seems to have an answer to this question. Which Andy Schectman talks about in his weekly #silver report. Where he looks at some of the issues that the Treasury and the Fed are going to have to navigate this year, and why there might not be any easy answer. To find out more, click to watch the video now! - To get a US Mint silver eagle 'Mint Box' for only $4.49 per ounce (Mint boxes have 500 coins in them) email: Arcadia@MilesFranklin.com - To join our free email list and never miss a video click here: https://arcadiaeconomics.com/email-signup/ - To get your paperback or audio copy of The Big Silver Short go to: https://arcadiaeconomics.com/thebigsilvershort/ Find Arcadia Economics video content on these sites: YouTube - https://www.youtube.com/user/ArcadiaEconomics Rumble - https://rumble.com/c/ArcadiaEconomics Bitchute - https://www.bitchute.com/channel/kgpeiwO1dhxX/ LBRY/Odysee - https://odysee.com/@ArcadiaEconomics:5 Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 Google-https://podcasts.google.com/feed/aHR0cHM6Ly9teXNvdW5kd2lzZS5jb20vcnNzLzE2MTg5NTk1MjMzNDVz Anchor - https://anchor.fm/arcadiaeconomics Amazon - https://podcasters.amazon.com/podcasts Follow Arcadia Economics on these social platforms Twitter - https://twitter.com/ArcadiaEconomic Instagram - https://www.instagram.com/arcadiaeconomics/ To see the evidence of manipulative behavior in the silver market (as well as how you can send it to your local regulators and Congressional representatives) click here: https://arcadiaeconomics.com/cftc-complaint/ - To sign the petition to ban JP Morgan from having any involvement in the silver industry click here: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver #silver #silverprice And remember to get outside and have some fun every once in a while!:) (URL0VD)Subscribe to Arcadia Economics on Soundwise

In today's episode, we're catching up on the major stories that unfolded over the holidays. From TD Jakes caught up in Diddy-Gate to Christian Keyes sharing a mysterious Me Too story and Cardi B and Offset's public breakup, we've got the highlights covered. In our Holiday Rewind, we delve into Bishop T.D. Jakes addressing rumors on social media, responding to accusations about Diddy's parties. We also explore the year-end celebrity breakups, including Cardi B and Offset, as revealed on Instagram Live. The 60-Second Headlines cover noteworthy news, including a former Capitol Police officer's candidacy announcement and Halle Bailey welcoming her first child.   Later in the episode, the Group Chat Topic of the Week kicks off, examining when being a cheerleader for your partner might dim your light. Simone Biles and Jonathan Owens' podcast appearance sparks discussions, and Taraji P. Henson takes a stand for equal pay and better working conditions. The Big Up, Let Down segment features Le Portier Cognac and the parents of Deobra Delone Redden. The show concludes with highlights from Amanda's memorable trip to Mexico, reflections on the Katt Williams interview on Club Shay Shay, and a Small Doses segment on the side effects of keeping or dumping things in 2023.   Listen, Laugh, and Learn on The Amanda Seales Show!     FOLLOW ALONG AS WE COVER:   (3:04) - IT'S THE AMANDA SEALES SHOW… I'M AMANDA SEALES, AND IT'S TIME FOR OUR FIRST STORY IN TODAY'S HOLIDAY REWIND! Texas preacher, T.D. Jakes, found himself at the center of a social media rumor mill accusing him of appearing at Diddy's sex-charged parties. This all stemmed from a social media user's Tik Tok post that garnered millions of views. The internet was rife in backlash and jokes about the accusations. Listen to what Bishop Jakes had to say. (7:34) - LET'S GET INTO OUR NEXT STORY IN TODAY'S HOLIDAY REWIND! We saw a LOT of celebrity breakups last year. Meg & Pardi, Ke Ke Palmer & Darius, Teyanna & Iman Shumpert, Tamar & Jeremy Robinson (but they got back together), Lupita N'yungo & Selema Masekela, TINA KNOWLES & RICHARD LAWSON. The one that wrapped up 2023 was Cardi B and Offset, which we casually learned about while she was on Instagram Live. Let's listen. (12:18) - IT'S TIME FOR 60 SECOND HEADLINES: STORY 1: Former officer with the U.S. Capitol Police Department who fought during Capitol riots announced his candidacy for Congress… vows to “stop” the same kind of domestic terrorists whose actions on Jan. 6 were directly influenced by Donald Trump. STORY 2: The US Mint released commemorative coins honoring abolitionist Harriet Tubman, including $5 gold coins, $1 silver coins, and half-dollar coins that commemorate the bicentennial of her birth. STORY 3: "The Little Mermaid" star, Halle Bailey welcomed her first child with boyfriend and rapper DDG, revealing on Instagram a photo of the baby's hand, with a gold bracelet adorning his wrist with his name: Halo. STORY 4: Mark Cuban is giving $35 million in bonuses to Dallas Mavericks employees after the team sale. (14:37) - We'll go to the phone lines. (16:07) – COMING UP THIS HOUR: WE'LL KICK OFF THE GROUP CHAT TOPIC OF THE WEEK. AND THIS WEEK, WHEN DOES BEING A CHEERLEADER FOR YOUR PARTNER BECOME DIMMING YOUR LIGHT?! THIS IS IN REFERENCE TO SIMONE BILES AND HER NEW HUSBAND JONATHAN OWENS. TARAJI P. HENSON TOOK A STAND FOR EQUAL PAY, TRANSPORTATION, AND SNACKS ON SET! PLUS, THE BIG UP, LET DOWN! WHICH INVOLVES SOME COGNAC, A FELON, AND HIS PARENTS. I'LL MAKE IT MAKE SENSE! (19:07) - WE'LL KICK-OFF THE GROUP CHAT TOPIC OF THE WEEK. Simone Biles and her husband, Jonathan Owens were on the PIVOT podcast. The internet quickly flipped out after hearing some of Jonathan's comments. Let's listen. The question of the week is, When does being a cheerleader for your partner become dimming your light? (24:36) - This past year, Taraji P. Henson has been advocating for Black actresses to get paid their worth and receive better working conditions. Despite having Oprah Winfrey and director Blitz Bazawule in her corner, Taraji P. Henson says the studio tried to lowball her. “I'm tired of proving myself.” Henson claimed that despite being tapped to play Shug Avery by director Blitz Bazawule, she was still asked to try out for the role. She revealed that producers of the film gave the cast rental cars to take themselves to the set of the production. The squad chimes in. (28:52) - BIG UP - to Le Portier Cognac. Shannon Sharpe's whiskey that will see an UPTICK in sales after the Katt Williams interview. Katt proved its potency is effective. Katt and Shannon took multiple shots of the cognac throughout as Katt kept going after comedians and celebrities in a no-holds-barred conversation. WE'LL TALK MORE ABOUT THE INTERVIEW COMING UP! LET DOWN - to the PARENTS of Deobra Delone Redden who squandered his chances of becoming an Olympic track and field star or Spiderman. This is the man who CLEARED the judge's bench after she denied him probation. His name is very close to DEEBO. Parents had to have noticed his ATHLETICISM as a youngster. Probably couldn't catch him to spank him. Jumped over the whole house into the neighbor's window. (31:56) - And Another Thing! Amanda has more to say about film versus TV and drivers versus car service. (35:31) - COMING UP THIS HOUR… OUR HOLIDAY REWIND CONTINUES AND I'VE GOT TO TELL YOU ABOUT MY TRIP TO MEXICO! IT WAS ONE OF THE BEST TRIPS OF MY LIFE! SMALL DOSES SEGMENT – THE SIDE EFFECTS OF KEEPING IT OR DUMPING IT IN 2023. (36:54) - Amanda shares highlights of taking one of the greatest trips of her life. (41:56) - Now this next story needs no introduction, because it has amassed over 31 million views in 4 days… the Katt Williams interview on Club Shay Shay. Katt was catty, y'all! He came in hot, telling Shannon he wanted to address lies from previous guests on the shows. Let's listen and talk about it. (46:04) - THIS WEEK YOUR SMALL DOSES PODCAST EPISODE - KEEPING IT OR DUMPING IT IN 2023. (49:42) - We'll go to the phone lines. (52:35) - IT'S TIME TO LISTEN LAUGH AND LEARN… I HAVE THE WORD FOR THE DAY…. AND THE WORD OF THE DAY IS… INCIPIENT - (Adjective) (in-SIP-ee-unt) Developing, emerging, inceptive (MERRIAM WEBSTER DICTIONARY: Incipient is used to describe things which are beginning to come into being or which are to become apparent.) (55:28) - Politicians Say the Darndest Things. (59:04) - Thanks for listening to the Amanda Seales Show!   FOLLOW THE SHOW ON ALL SOCIALS: @Sealessaidit @Amandaseales @Jeremiahlikethebible If You Have A Comment Leave Amanda A Message At 1 855-Amanda-8 That's 1-855-262-6328See omnystudio.com/listener for privacy information.

Let Me Ask You Dougie's Buying a home in New Braunfels TX Have you seen the “Giant's Door” in Oregon New Material, Last Best New Joke, Worst New Joke With the World on Fire, noticing tension out there? Is it just me, or does the Tesla Cyber Truck look like something you made in shop class? Did You Hear? 'Stand your butt up': Fistfight nearly breaks out during Senate hearing until Bernie Sanders steps in Carjackers Who Couldn't Drive Manual Car Shot by Car Owner, Police Say Florida woman hurls sausage at gas station cashier during heated argument, deputies say Grubhub Driver Claims Delivering Cup Of Urine Instead Of Milkshake Was ‘An Accident' Bull semen: Artificial insemination tanks stolen in County Tyrone Theft of 2 million dimes from truckload of coins from US Mint leaves four facing federal charges LET'S ASSOCIATE: DOUGIE SAY A WORD OR PHRASE & GUEST(S) SHARE THE 1ST THING THAT COMES TO MIND WHETHER IT'S A WORD, THOUGHT OR STORY OF SIGNIFICANCE. PLEASE SUBSCRIBE TO YOUR YOUTUBE CHANNEL 

Bob begins the conversation by discussing the collapse of premiums and lack of sentiment in the market causing buyers to become disillusioned. Prices are decreasing across the board, making production upgrades increasingly difficult. The US Mint is not supposed to produce profit, however, large merchants such as APMEX are still charging premiums to small buyers. Steve St. Angelo explains how the gold and silver markets have transformed over the past twenty years. ETFs now hold a lot of silver and industrial demand is very low. It's mainly institutional demand driving the price and when that shifts it will move. Blackrock is the largest holder of PSLV. Steve believes we are heading towards an energy cliff that will cause inflation. Stocks, bonds, and real estate may fall affecting institutions who will invest in alternatives. Silver is on sale around the twenty mark according to Bob. Steve notes that the dynamics in the metal production industry are rapidly changing. Jaime Carrasco explains why he likes silver, noting price is correcting the imbalance between silver and copper. The US dollar will be weak due to a reduction in trade associated with the BRICS objectives. This will remove the manipulation of gold and silver. Steve later discusses the energy problems looming. Steve St. Angelo - Independent Researcher and Publisher of the SRSrocco ReportWebsite: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g Bob Coleman - Idaho Armored VaultTwitter: https://twitter.com/profitsplusidWebsite: https://www.goldsilvervault.com/ Jim Hunter - Registered Commodity Broker with AllendaleTwitter: https://twitter.com/JimSuncomm1Website: https://allendale-inc.com Jaime Carrasco - Portfolio Manager at Canaccord Genuity IncTwitter: https://twitter.com/IJCarrascoLinkedIn: https://www.linkedin.com/in/carrasco1/Website: Canaccord Genuity: https://www.canaccordgenuity.com/

#AndySchectman: #SilverPrice Volatile In Week Since Fed Hike It's been a volatile few days in the gold and #silver pricing following last week's Federal Reserve policy meeting and rate hike. The metals traded higher following the announcement and Jerome Powell's press conference, before getting hammered lower the following morning. Then there was another spike higher on Monday of this week, before seeing the price plummet again on Tuesday. All of which is in some ways not entirely surprising given the less than clear messages given by the Fed. Because while the markets were wanting to hear that the rate hikes are over and that the July hike would be the last one, Powell and the Fed again refused to say as much. Perhaps because they remain in a situation with no easy answers or solutions, with prices still rising faster than their 2% mandate. And in today's call with Andy Schectman of Miles Franklin, we discuss the dynamics the Fed is facing, and why continuing to raise interest rates also comes with its own set of challenges. In addition to talking about the Fed, Andy provides an update regarding the BRICS and the possibility of them announcing a gold backed currency, after listening to Jim Rickards speak at a conference last week. Andy also addresses the news of the US Mint increasing its silver eagle production, and talks about the latest developments with the silver premiums. So to stay up to date on the latest news in the silver space, click to watch this video now! - To get 1/10th ounce gold eagles for $37.50 over melt value email: Arcadia@MilesFranklin.com - To join our free email list and never miss a video click here: https://arcadiaeconomics.com/email-signup/ - To get on the waiting list for your very own ´Silver Chopper Ben´ sterling silver figurine click here: https://arcadiaeconomics.com/get-a-chopper-ben/ - To get your paperback or audio copy of The Big Silver Short go to: https://arcadiaeconomics.com/thebigsilvershort/ Find Arcadia Economics content on these sites: YouTube - https://www.youtube.com/user/ArcadiaEconomics Rumble - https://rumble.com/c/ArcadiaEconomics Bitchute - https://www.bitchute.com/channel/kgpeiwO1dhxX/ LBRY/Odysee - https://odysee.com/@ArcadiaEconomics:5 Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 Google-https://podcasts.google.com/feed/aHR0cHM6Ly9teXNvdW5kd2lzZS5jb20vcnNzLzE2MTg5NTk1MjMzNDVz Anchor - https://anchor.fm/arcadiaeconomics Amazon - https://podcasters.amazon.com/podcasts Follow Arcadia Economics on these social platforms Twitter - https://twitter.com/ArcadiaEconomic Instagram - https://www.instagram.com/arcadiaeconomics/ To see the evidence of manipulative behavior in the silver market (as well as how you can send it to your local regulators and Congressional representatives) click here: https://arcadiaeconomics.com/cftc-complaint/ - To sign the petition to ban JP Morgan from having any involvement in the silver industry click here: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver #silver #silverprice And remember to get outside and have some fun every once in a while!:) (URL0VD) We do receive compensation from Miles Franklin from orders placed through our show. For our full disclaimer go to: https://arcadiaeconomics.com/disclaimer-miles-franklin-precious-metals/Subscribe to Arcadia Economics on Soundwise

#AndySchectman: #SilverPrice Volatile In Week Since Fed Hike It's been a volatile few days in the gold and #silver pricing following last week's Federal Reserve policy meeting and rate hike. The metals traded higher following the announcement and Jerome Powell's press conference, before getting hammered lower the following morning. Then there was another spike higher on Monday of this week, before seeing the price plummet again on Tuesday. All of which is in some ways not entirely surprising given the less than clear messages given by the Fed. Because while the markets were wanting to hear that the rate hikes are over and that the July hike would be the last one, Powell and the Fed again refused to say as much. Perhaps because they remain in a situation with no easy answers or solutions, with prices still rising faster than their 2% mandate. And in today's call with Andy Schectman of Miles Franklin, we discuss the dynamics the Fed is facing, and why continuing to raise interest rates also comes with its own set of challenges. In addition to talking about the Fed, Andy provides an update regarding the BRICS and the possibility of them announcing a gold backed currency, after listening to Jim Rickards speak at a conference last week. Andy also addresses the news of the US Mint increasing its silver eagle production, and talks about the latest developments with the silver premiums. So to stay up to date on the latest news in the silver space, click to watch this video now! - To get 1/10th ounce gold eagles for $37.50 over melt value email: Arcadia@MilesFranklin.com - To join our free email list and never miss a video click here: https://arcadiaeconomics.com/email-signup/ - To get on the waiting list for your very own ´Silver Chopper Ben´ sterling silver figurine click here: https://arcadiaeconomics.com/get-a-chopper-ben/ - To get your paperback or audio copy of The Big Silver Short go to: https://arcadiaeconomics.com/thebigsilvershort/ Find Arcadia Economics content on these sites: YouTube - https://www.youtube.com/user/ArcadiaEconomics Rumble - https://rumble.com/c/ArcadiaEconomics Bitchute - https://www.bitchute.com/channel/kgpeiwO1dhxX/ LBRY/Odysee - https://odysee.com/@ArcadiaEconomics:5 Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 Google-https://podcasts.google.com/feed/aHR0cHM6Ly9teXNvdW5kd2lzZS5jb20vcnNzLzE2MTg5NTk1MjMzNDVz Anchor - https://anchor.fm/arcadiaeconomics Amazon - https://podcasters.amazon.com/podcasts Follow Arcadia Economics on these social platforms Twitter - https://twitter.com/ArcadiaEconomic Instagram - https://www.instagram.com/arcadiaeconomics/ To see the evidence of manipulative behavior in the silver market (as well as how you can send it to your local regulators and Congressional representatives) click here: https://arcadiaeconomics.com/cftc-complaint/ - To sign the petition to ban JP Morgan from having any involvement in the silver industry click here: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver #silver #silverprice And remember to get outside and have some fun every once in a while!:) (URL0VD) We do receive compensation from Miles Franklin from orders placed through our show. For our full disclaimer go to: https://arcadiaeconomics.com/disclaimer-miles-franklin-precious-metals/Subscribe to Arcadia Economics on Soundwise

$200K worth of dimes are stolen from a shipment of coins destined for Florida. The driver had left the US Mint in Philadelphia with $750K worth of dimes, parked to rest overnight, then thieves made off with the stash. So far, no charges have been filed. Then, a mother is asked to pick-up after her child makes a mess on the airplane. The husband tweeted his anger and did not receive the response he would have liked. Finally, after 25 years, Netflix is stopping its DVD by mail service. Apple Podcasts: apple.co/1WwDBrCSpotify: spoti.fi/2pC19B1iHeart Radio: bit.ly/2n0Z7H1Tunein: bit.ly/1SE3NMbStitcher: bit.ly/1N97ZquGoogle Podcasts: bit.ly/1pQTcVWPandora: pdora.co/2pEfctjYouTube: bit.ly/1spAF5aAlso follow Tim and John on:Facebook: www.facebook.com/focusgroupradioTwitter: www.twitter.com/focusgroupradioInstagram: www.instagram.com/focusgroupradio

The new Anna May Wong quarters are here, issued by The US Mint as part of a set honoring five women achievers and trailblazers: writer and civil right activist Maya Angelou, Astronaut Sally Ride, Native American activist, and former Cherokee Nation Chief Wilma Mankiller, suffragist, educator, and politician Nina Otero-Warren. And for the fifth coin, the US Mint selected none other than movie star, entertainer, activist, and fashion icon Anna May Wong, one of the women featured in this CHP-159 episode that looks at Chinese American Stars and Entertainers of Old Hollywood.  CHP-159 remains one of my personal all-time favorite CHP episodes. I put that one out back in 2015, complete with much less than optimal audio. I cleaned it up a little and added an intro. And today, in recognition of the release of this new coin, I'm bringing back this episode for anyone who missed it. Learn more about your ad choices. Visit megaphone.fm/adchoices