Gold News Today

The Silver and Gold Eagles, considered to be the most popular bullion coins in the world, will finally be getting a face lift… or least a “tail” lift.

I’ll explain momentarily. But first, some background…

As a result of legislation backed by Senator Jesse Helms and Congressman Ron Paul, the U.S. Mint first struck Silver and Gold Eagles in 1986. The iconic design has remained the same since the coins were first minted over three decades ago.

The obverse of the Silver Eagle has featured Adolph Weinman’s famous “Walking Liberty” along with the year at the bottom of the coin’s front side. This design was first used on the Walking Liberty half dollar in the early 1900s.

While the obverse will remain unchanged, the silver American Eagle’s reverse will undergo changes in 2021.

Sculptor-engraver John Mercanti, who created the Heraldic Eagle on the coin’s reverse, will see his design replaced by a new motif starting with the 35th anniversary coins to be released next January.

These changes will mark the first design change of any kind on either side in the coin’s history.

As for the 2021 Gold Eagle design, the obverse will also remain unchanged and will continue to feature Augustus Saint Gaudens’ magnificent striding Liberty image, first made famous on the Double Eagle gold coin minted between 1907 and 1933.

However, Miley Busiek’s “Family of Eagles” reverse will be changed out for a new scene starting with the 2021 coins.

As we near the end of 2020 and word of the 2021 changes becomes common knowledge, look for a mad dash by those clamoring at the last opportunity to purchase newly minted coins with the original design.

If the new Gold and Silver Eagle designs are not well received by the public, the frenzy to buy the 2020s may be even more intense.

Based on the government-run Mint’s failure to keep up with demand during periods of heavy buying, a shortage (and thus rising premiums) may be in the cards later this year. Time will tell.

       

Source: Streetwise Reports   02/26/2020

Goldcliff Resource announced that it has released its management discussion and analysis.

In a news release, Goldcliff Resource Corp. (GCN:TSX.V; GCFFF:OTCBB) President George Sanders reported that “the company recently filed its Annual Audited Financial Statements and Management Discussion and Analysis.”

“Of primary significance is the acquisition of the Nevada Rand gold property in Mineral County, Nevada, the financing of that acquisition and follow on exploration programs and the disposition of the lease on the Wilson patented claims in Lyon County, Nevada,” commented Sanders.

The company stated in the notice that “drilling at Nevada Rand is progressing well. Goldcliff’s geological management team and our drill contractors have been very patient and diligent with drilling in the highly altered and fractured setting which hosts the historic high grade silver and gold mineralization.”

The company stated that it plans to release a summary of drilling activity upon completion of drilling.

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Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Goldcliff. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Goldcliff Resource Corp., a company mentioned in this article.

( Companies Mentioned: GCN:TSX.V; GCFFF:OTCBB,
)

Source: Bob Moriarty for Streetwise Reports   02/26/2020

Bob Moriarty of 321gold rings the alarm bells on the fallout from the coronavirus.

Exactly a month ago I warned that the coronavirus outbreak was going to pop the “Everything Bubble.” I did something fairly subtle. I buried my main message under a whole heap of cow manure. It doesn’t make a rat’s ass if I was right or wrong about calling for a market crash in October or the Fed dumping piles of new crisp $100 bills onto a bonfire in September.

This time I’m going to put my message right at the top so no one can miss it. I quote from the January 27^th piece, “This has the potential for being the biggest mass casualty event in world history. At the very least it will take down the financial system as the world economy grinds to a halt with efforts to contain the virus.”

In short, the world is f**ked.

I didn’t want most people to understand that when I said it. If they had, there would be panic and you wouldn’t be able to buy food, fuel or water.

Face it, 97% of people want to believe all the crap handed out by their governments. Maybe 3% are willing to think for themselves. I’ve written a couple of books about investing and finance where I tried to show how to make money once you learn to think for yourself. There are no gurus or experts, only people who can think.

I aimed my piece a month ago at the 3%. Because if anyone was following the NEWS (?) from China, the virus is an utter disaster and that’s true in a developed nation. Once it spreads to Africa, as it surely will, it is going to be the biggest catastrophe the continent has ever faced with potentially the deaths of tens or hundreds of millions.

The numbers from China seem to indicate a death rate of above 2% for those under hospital treatment but far higher for the vastly greater number of people who caught it and eventually fell over dead. The Chinese government tossed them in bags and burned them. Eventually they will be putting them in landfills.

There was another important statement in my piece last month that may have flown over the heads of 97% of readers. “Governments lie about everything and as a result we are about to pay a terrible price. All of them lie.”

Any rational thinking person would have come to the conclusion that the Chinese government is lying through their teeth about how serious the virus is. That’s not a big deal because every other government is doing the same thing.

But eventually even the idiots wake up to the point that they can see the giant pimple right on the tip of their nose. Let me give you some facts to think about and how it will affect you.

I’m told that there are 30,000 unique parts in any typical automobile. Companies manufacturing cars might have 1,000 different suppliers providing those parts, many of which are located in China. If you can think for yourself, ask yourself just how many of those companies would have to fail to bring the auto manufacturer to a grinding halt.

One.

The guys making gears for the starter, or steering wheels or door handles or seats. Any of them could stop the entire process. And the Chinese propensity of wanting to be supplier to the world of Chinese stuff, all the auto people just discovered they have a giant problem.

I’m also told that 90% of the precursor ingredients for drugs originate in China. So you may be buying your high blood pressure pills made in Spain but when they run out of the inputs to those pills, the output of those pills stop as well.

Airlines are starting to cancel flights because bookings are coming to a slow halt but also they are hiding the fact that flight crews are refusing to fly. The cruise industry just got destroyed, the events on the Diamond Princess led to over 700 confirmed cases of the coronavirus. Who in their right minds would continue to plan a cruise where you get a free case of the virus with every other ticket? But when this begins to hit military units or boarding schools or prisons, the s**t literally will have hit the fan.

Let’s be real honest here for a moment. I am hardly the only guy who sees a financial disaster on the horizon. Lots of intelligent writers have generated reams of paper about something that has to happen. If you have an interest rate based system, there is always more debt than money to pay it. That’s why Jubilees go back thousands of years. Governments can pretend they intend to pay all the money they have borrowed back but it’s bull. Governments never pay their debts, they always default.

It has taken stock markets around the world a month to understand what my readers and I understood a month ago. The coronavirus is the ultimate black swan and all governments are accomplishing is to prove how impotent they are to solve real problems.

The spread of the virus is expanding and that will continue. The damage to an already weak financial system will also continue. This is going to pop the Everything Bubble including gold, silver, mining stocks, the general stock market, “Bitcon,” real estate, collectibles and everything else that had absurd gains. Paper money just regained it’s real value, that is naught. People are going to go to bed rich and wake up poor.

You have a very limited time to prepare. I’ve warned for years to a mostly bored audience but this is the read deal. You can see what happened in Italy in a couple of short days, they locked down a dozen cities as unprepared citizens panicked and emptied food stores. This is coming your way. Are you prepared or do you want to wait until the government tells you to panic?

The Greatest Depression is going to have negative effects on everyone. No one will escape entirely no matter how well prepared you are. All you can do is try to keep the damage to a minimum.

The only cures for an out of control financial system include a debt jubilee and some form of real money that will include precious metals. They are about to get real precious. But they might well do a 2008 on us before people wake up. If you are not yet prepared, get prepared. If you are determined to panic, always do it early.

Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.

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Disclosure:
1) Statements and opinions expressed are the opinions of Bob Moriarty and not of Streetwise Reports or its officers. Bob Moriarty is wholly responsible for the validity of the statements. Streetwise Reports was not involved in the content preparation. Bob Moriarty was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
2) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
3) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

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