Author: Gold News Club

BBC/Elliot Stein/1-8-2020

“Yet, one place where the dollar is not accepted is in the tiny Czech town of Jáchymov ­– which is ironic, because it was here, tucked deep into the wooded folds of Bohemia’s Krušné hory mountains, where the dollar originated 500 years ago in January 1520. But as I pulled a George Washington one-dollar bill from my wallet in Jáchymov’s 16th-Century Royal Mint House museum, the very spot where the dollar’s earliest ancestors were coined, docent Jan Francovič smiled and stopped me.”

USAGOLD note:  A fascinating, in-depth history for those seeking a bit of weekend diversion . . . .

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Image: 1537 Thaler (silver), Charles V, Holy Roman Emperor (Reign 1519-1556)

Gold in six easy lessons

1. Don’t buy it because you need to make money; buy it to protect the money you already have.

2. Don’t look at price as a barrier; look at it as an incentive.

3. Don’t buy the paper pretenders; buy the real thing in the form of coins and bullion.

4. Don’t fall prey to glitzy TV ads; do your due diligence instead.

5. Don’t allow naysayers to divert your interest; allow yourself the right to protect your interests as you see fit.

6. Don’t forget the golden rule: Those who own the gold make the rules!

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Daily Reckoning/Brian Maher

“’Journalism is about covering important stories,’ said one scalawag. ‘With a pillow.’ A staggering bailout of the banking system presently proceeds apace. The mainstream financial press has seized a bed pillow, placed it over this important story… and pressed down murderously. Today we pry away the pillow… and vent in desperately needed oxygen.”

USAGOLD note:  Maher, managing editor at the Daily Reckoning, makes the case that there is a great deal more to the repo market liquidity injections than the Fed is letting on. . . . .

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Repost from 1-13-2020

Canadians to search for gold at abandoned SC mine. It’s also a Superfund cleanup site  The State

Pure Gold Mining Inc. (CVE:PGM) Insiders Increased Their Holdings  Yahoo Finance

Wall Street, Main Street expect gold price uptrend to continue  Kitco NEWS

Are the bottoms in for gold, silver?  Kitco NEWS

Gold price sees little reaction to 16.9% rise in U.S. housing construction  Kitco NEWS

Gold holds steady above $1550 even with the headwinds of recent events  Kitco NEWS