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It’s Time for A New Economic Strategy in Turkey

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62900.html
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First Majestic Silver Reports US$40-million Loss in Q2

First Majestic Silver’s (TSX:FR,NYSE:AG) second-quarter results show a US$ 40-million loss compared to a profit this time last year. The news drove shares down by almost 15 percent.

The Canadian miner reported a loss of 22 cents on a per-share basis. In terms of one-time gains and costs, losses were 7 cents per share and all-in sustaining costs (AISC) were US$ 16.43 per payable silver ounce, which is a 3-percent increase quarter-on-quarter.

“Looking ahead to the second half of 2018, we expect higher operating margins along with a significant reduction in our consolidated AISC to between US$ 13.28 to US$ 14.84 per ounce,” stated Keith Neumeyer, president and CEO, in a Monday (August 13) release.

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“[This will be] primarily due to higher production rates from the start-up of the 2,000 tonnes per day roaster at La Encantada, higher silver grades at La Encantada and Del Toro, increased production at San Dimas and the decision to place La Guitarra on care and maintenance,” he added.

In addition to the previously mentioned losses, the company also incurred in an impairment charge of US$ 31.7 million due to placing the La Guitarra mine on care and maintenance.

The miner’s revenue during Q2 stood at US$ 79.7 million — a 36-percent increase compared to Q1 of this year — but it reported mine operating losses of US$ 2.3 million compared to earnings of US$ 1.4 million in the second quarter of last year.

Despite the glaring declines in First Majestic’s second quarter, the company managed to come out on top in terms of silver production.

First Majestic recorded production of 2.8 million ounces of silver during the quarter, up 27 percent from Q1. The uptick was mainly thanks to the addition of the San Dimas mine to its portfolio.

“During the 52 days since being acquired, San Dimas made an immediate impact to our production profile and bottom line by producing 808,923 ounces of silver plus 11,348 ounces of gold and generated mine operating earnings of US$ 5.1 million,” noted Neumeyer.

Additionally, the AISC at San Dimas came in at US$ 5.41 per ounce, making it our lowest cost and largest-producing mine. Silver grades at La Encantada and Del Toro saw significant improvements at the end of the second quarter and continue to date,” he added.

San Dimas has contributed US$ 5.1 million in mine operating earnings during its 52 days of operation.

First Majestic gained the silver-gold asset in Mexico when it officially acquired Primero Mining in May of this year. The deal was announced in January 2018 at a cost of US$ 320 million.

As of 2:02 p.m. EST on Monday, shares of First Majestic were down 14.82 percent, trading at C$ 7.24.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Nicole Rashotte, hold no direct investment interest in any company mentioned in this article.

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EOS’s Fourth Global Hackathon Announced for San Francisco

EOS news

In EOS news today, Block.one announced the location for its fourth EOS Global Hackathon.

We’re going to San Francisco! Developers, designers and entrepreneurs – are you ready to join us Stateside on Nov 10-11 for part four of our first-of-its-kind blockchain hackathon series? Sign up here for the first-ever #EOSHackathon event in the US: https://t.co/yJgFUxcHdv pic.twitter.com/wuVHaWkrCa

— EOS (@EOS_io) August 13, 2018

EOS Global Hackathon

The fourth location for the EOS hackathon was released today by EOS’s maker Block.one. It will take place in San Francisco, California on November 10-11th. Like all …

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Anatomy of Hyperinflation

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62901.html
The Market Oracle – Financial Markets Analysis and Forecasts – CLICK TO READ ARTICLE

AngloGold Cancels Equinox Gold Earn-in Joint Venture

Equinox Gold’s (TSXV:EQX) Brazil-based earn-in joint venture (JV) with AngloGold Ashanti (JSE:ANG) has been terminated by AngloGold, the Canadian miner announced on Monday (August 13).

The JV involved Equinox’s Aurizona greenfields concessions in Brazil, where AngloGold has already spent about US$ 9 million since exploration started in August 2016. AngloGold also completed more than 43,000 line kilometers of high-resolution aeromagnetic radio magnetic surveying and approximately 10,000 meters of drilling on eight targets, plus extensive geochemistry and geologic mapping surveys.

“AngloGold’s exploration programs have significantly advanced regional geological models and have highlighted several untested targets that warrant further exploration,” said Scott Heffernan, executive vice president, exploration, at Equinox Gold.

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“While our current priority in the region is near-mine exploration at the Aurizona gold mine to expand the reserve and resource base, we will continue to review and interpret AngloGold’s exploration data to prioritize regional exploration targets for future drilling, on our own or with a [JV] partner,” he added.

AngloGold put much effort into social engagement, which allowed it to establish strong communication and relationships with local landowners. Equinox Gold will maintain these relationships with the goal of restarting regional exploration efforts in the future.

As per the current reserve model, Aurizona has a mine life of 6.5 years based on reserves identified in the Piaba and Boa Experanca pits. Equinox believes that there is potential for the mine life to be extended with exploration success along strike from existing reserves.

Full-scale construction is currently ongoing at Aurizona, with the target of pouring gold by the end of this year. The mine will be an open-pit operation and will produce around 136,000 ounces a year.

As of 11:45 a.m. EST on Monday, Equinox Gold was down 3.54 percent, trading at C$ 1.09.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Nicole Rashotte, hold no direct investment interest in any company mentioned in this article.  

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Moving Averages Help You Define Market Trend – Here’s How

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62902.html
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Chloe Holzinger: Why Solid-state Batteries Are the Future

At this year’s Lithium Supply and Markets conference in Las Vegas, the Investing News Network had the chance to catch up with Chloe Holzinger, research associate at Lux Research.

Speaking about the energy storage market, Holzinger said she sees the space growing in the future. In fact, Lux Research expects the market to grow from US$ 30 to US$ 35 billion in 2016 to more than US$ 100 billion in 2020.

“The energy storage market is driven mostly by mobility and stationary storage at the moment, although consumer electronics is where all started,” she said.

She also shared insight on solid-state batteries and why she believes this type of battery is the future.

“Solid-state batteries are a rare innovation in the energy storage industry, as they enable the use of lithium metal anodes, which have a much higher energy density than graphite anodes,” she said.

In addition, this type of battery has a solid-state electrolyte that would replace the current flammable liquid electrolyte and separator, she explained, “making the battery inherently safer.”

That said, solid-state batteries are “very much in development stage, it’s still a very new technology which doesn’t have a mature supply chain for metallic anodes at the moment that can be scaled to mass production,” Holzinger said.

“Our projections for the use of solid-state batteries in consumer electronics is early 2020s … but [the batteries] will become more cost competitive in the 2030s,” she added.

Listen to the interview above for more insight from Holzinger about solid-state batteries. You can also click here to listen to our full Lithium Supply and Markets interviews playlist on YouTube.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in contributed article. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Lithium in 2018

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Crypto Movement: Ethereum (ETH) Drops Below $300 and Stellar (XLM) Passes EOS

Ethereum news

The cryptocurrency market has been all over the place lately with its price movements, and today, most of the top 10 cryptocurrencies are in the red. Today, we’re going to track the latest Ethereum news and Stellar news.

Stellar (XLM) has made a phenomenal rise on the market lately, but it seems that the world’s second largest cryptocurrency, Ethereum (ETH), has dipped to a year-low today.

Ethereum (ETH) Dips Below $ 300

Ethereum news today has ETH hitting its year-low of below $ 300, as the coin took an unexpected nosedive during earlier trading. Ethereum hasn’t …

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Stock Market Downtrend to Continue?

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62896.html
The Market Oracle – Financial Markets Analysis and Forecasts – CLICK TO READ ARTICLE

Palladium Leading the Platinum-group Metals Market and Beyond

Platinum-group metals (PGMs) are six similar transitional metals that include palladium, platinum, rhodium, ruthenium, iridium and osmium. Each has similar physical and chemical properties to the others in the group, and they tend to occur together in the same deposits.

Classified as rare precious metals, PGMs have significant industrial applications, most notably in the manufacturing of catalytic converters in vehicles. While the group’s headliner is platinum, it is its sister metal, palladium, that’s been the best market performer over the past decade.

In fact, according to Bloomberg & US Global Research, between 2008 and 2017 palladium was the best performing of all commodities. Market trends for both palladium and platinum have been positive the past few years. “The use of platinum in industrial applications set a new record in 2017,” according to a recent report by Johnson Matthey (LSE:JMAT).

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But it is palladium that really shines. “Automotive demand for palladium is predicted to grow by around 2 [percent] in 2018, setting a new all-time high of 8.57 million ounces.” Long-term, demand for PGMs is expected to remain robust, particularly for palladium. Today’s palladium supply is sourced mainly as a by-product, with more than three-quarters of global production coming from Russia and South Africa.

Supply concentrated mainly in South Africa and Russia

Palladium, platinum and the rest of the PGMs family rarely occur outside of nickel and copper mineralization. “Mineable deposits of PGMs are very rare in the Earth’s crust,” according to the International Platinum Group Metals Association (IPA), hence why the majority of the world’s supply of these metals comes by way of by-products. In fact, about 33 percent of global PGMs production originates from primary nickel mines.

The IPA reports that South Africa and Russia account for 58 percent and 26 percent of global PGMs production, respectively, while the US, Canada and Zimbabwe account for most of the remainder. Russia’s number-one producer is Norlisk Nickel (OTCMKTS:NILSY), while Anglo American Platinum (JSE:AMS) reigns in South Africa. Glencore (LSE:GLEN) and Vale (NYSE:VALE) dominate in North America, particularly in the prolific Sudbury jurisdiction of Ontario. There are only two primary producing palladium mines: the Stillwater Complex (Sibanye-Stillwater (NYSE:SBGL)) in Montana, and the Lac des lles mine (North American Palladium (TSX:PDL)) in Ontario, Canada.

Russia and North America’s deposits are generally high in palladium, while the South African and Zimbabwean deposits are high in platinum. “Primary and secondary production of PGMs create large revenues and thereby contribute greatly to the economic growth and wealth of the countries where the metals are mined and processed,” as per the IPA. However, the limited geographic concentration of PGMs-producing regions across the globe makes this market highly susceptible to supply disruptions.

Global palladium supply levels took a slight hit in 2017 from some shaft closures and technical issues at key mines in South Africa, lower nickel and copper production out of Glencore and Vale’s North American operations and lower shipments out of Russia. In fact, the market saw a deficit of more than 800,000 ounces last year, boosting prices.

Russia and North America’s PGMs-containing deposits have much higher concentrations of palladium than their African counterparts, making those regions key suppliers for the market’s current demand. By-product palladium output from Canadian nickel mining is expected to take a hit as PGMs grades in Sudbury ore decline and deposits are exhausted, leaving catalytic converter manufacturers looking for new sources of supply. However, there are few PGMs-hosting projects on the map.

“The PGMs market is facing a deficit that isn’t likely to be resolved anytime soon,” said Harry Barr, chairman and CEO of New Age Metals (TSXV:NAM,OTCQB:NMTLF,FWB:P7J.F). “The world’s producing mines aren’t capable of increasing production to meet demand and the aboveground stockpiles which typically fill the gap are quite low if not entirely depleted.” New Age Metals is developing the River Valley PGMs property in Sudbury, Ontario. The project is considered the largest undeveloped primary PGMs deposit in North America.

Diverse range of industrial uses

As industrial metals, platinum and palladium are used across a broad range of industries, including chemical, electrical, glass and medical. In their double role as precious metals, the two are also in high demand from the jewelry and investment markets.

Research firm Johnson Matthey reported that in 2017 the use of platinum and palladium in industrial applications reached record levels, buoyed by demand from the glass and chemical sectors. “The ‘Made in China 2025’ initiative — designed to reduce the country’s reliance on imports of chemical feedstocks — has stimulated massive investment in large new facilities integrating crude oil refining with downstream petrochemicals production, which are expected to come on stream over the next two to three years,” says Johnson Matthey in its May 2018 report on the PGMs market.

These projects are expected to require significant amounts of platinum and palladium, which are excellent catalysts for chemical reactions. In 2017, chemical producers bought more than half a million ounces of platinum for the fourth time in five years. Palladium was also highly favored by the chemicals sector, with purchases from producers up 28 percent. Growth in this sector is expected to continue supporting PGMs demand throughout 2018.

Demand for platinum from the glass-making sector was up by almost 50 percent in 2017 on new developments in the fiberglass segment of the market. Fiber-reinforced plastics are playing a larger role in several applications in vehicle and wind turbine fabrication, as well as construction. Further gains from the glass market are expected in 2018 as demand from display-glass manufacturers is predicted to reach a seven-year high.

Primary market: Vehicle catalytic converters

The primary market for platinum and palladium is in vehicle catalytic converters — the part of the car that converts harmful gases produced by hydrocarbon emissions into less-harmful substances. “Roughly 80 percent of palladium and 40 percent of platinum ends up in catalytic converters,” the Investing News Network has reported. “The catalytic converter market is set to grow at a CAGR of 8.05 percent from 2017 to 2021 and is seen reaching a market size of $ 55.16 billion.”

Global demand for catalytic converters is driven by the increasing number of vehicles on the road worldwide, alongside increasing government-imposed mandates aimed at reducing vehicular pollution. Catalytic converters — and the metals that make them — are still expected to have a role in the automobile market as the industry transitions to electric vehicles, as they will be necessary components for hybrid vehicles.

Global demand for PGMs in catalytic converters for the heavy-duty vehicles segment is forecast to rise by 60 percent in 2018, according to Johnson Matthey, with rapid growth projected over the next three years on rising demand from China and India.

Palladium has better thermal stability than platinum and can withstand the temperatures of gasoline exhaust. Palladium is more widely used in the catalytic converter market for gasoline-powered cars, while platinum is the go-to metal for the diesel-fueled vehicle market. Demand for diesel-powered vehicles has been shrinking, decreasing platinum demand from the catalytic converter market.

Demand for palladium from the global catalytic converter market reached a record high of 8.39 million ounces in 2017, compared to 3.29 million ounces for platinum. According to Johnson Matthey analyst predictions, demand for palladium from this sector will expand by 2 percent in 2018 to reach another record high of 8.57 million ounces, compared 3.18 million ounces for platinum.

Conclusion

Platinum may have been long recognized as the head of the PGMs family, but it’s palladium that’s now leading the way. The contrasting markets for these two metals — palladium’s strong fundamentals and platinum’s lagging performance — are expected to diverge further throughout 2018. As evidenced by its stellar performance in the past decade, palladium doesn’t just rule the roost in its own family, but is also leading the pack against many of the world’s hottest commodities.

Investors can expect a significant supply deficit for palladium on decreasing aboveground stocks and increasingly robust demand across a wide variety of industrial applications for the metal, specifically in the automotive industry. The concentration of the majority of palladium production into only a few regions places a great deal of emphasis on the need for a more diverse geographic supply.

This INNspired article is sponsored by New Age Metals (TSXV:NAM,OTCQB:NMTLF,FWB:P7J.F). This article was written according to INN editorial standards to educate investors. 

The post Palladium Leading the Platinum-group Metals Market and Beyond appeared first on Investing News Network.

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Crypto Trading is Illegal in Saudi Arabia – But Why?

Crypto trading can change people’s lives and their finances. However, this trading is not accepted worldwide. In Saudi Arabia, for instance, the trading of virtual currencies is illegal. We were reminded of that this past weekend. 

No Crypto Trading in Saudi Arabia

On Sunday, August 12, a statement was posted by a governmental committee, one that was assembled by a royal order and composed of Saudia Arabian regulators. 

The statement didn’t provide a lot of detail, but it did meet its goal: to remind Saudi Arabians (and the world) that cryptocurrency trading is illegal …

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Dow Stock Market Trend Forecast 2018 – Video

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62897.html
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Pacton Enters into Definitive Agreement on the Friendly Creek exploration license and mining leases

Pacton Gold Inc. (TSXV:PAC) (the “Company” or “Pacton”) is pleased to announce that further to the binding letter of intent (“LOI”) signed earlier this year (see news release dated May 28, 2018) the Company has finalized and entered into a Tenement Sale Agreement (“Agreement”) to acquire 100% of the Friendly Creek portfolio, comprising of one exploration license and five mining leases (“Friendly Creek”) from Gardner Mining Pty Ltd and Darren White (“Vendors”).

Agreement Terms

Under the terms of the Agreement, the Company through its wholly-owned Australian subsidiary will purchase a 100% ownership interest in Friendly Creek by issuing to the Vendors 2,500,000 common shares of Pacton.

The Agreement is subject to TSX Venture Exchange acceptance.

About Pacton Gold

Pacton Gold (PAC: TSXV; PACXF: US) is a well-financed Canadian junior with key strategic partners focused on the exploration and development of conglomerate-hosted gold properties located in the district-scale Pilbara gold rush in Western Australia.  The Company recently raised approximately $ 5.5 million, currently controls the third largest conglomerate-hosted gold property portfolio totaling in excess of 2,500 km2 and continues to aggressively review additional accretive acquisitions.

On Behalf of the Board of Pacton Gold Inc.

Alec Pismiris
Interim President & CEO

For more information, please contact 1-(855)-584-0258 or info@pactongold.com.

Neither TSX Venture Exchange, the Toronto Stock Exchange nor their Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Click here to connect with Pacton Gold Inc. (TSXV:PAC) for an Investor Presentation.

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More Signs That the Stock Market Will Rally Until 2019

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62894.html
The Market Oracle – Financial Markets Analysis and Forecasts – CLICK TO READ ARTICLE

Lithium, Copper to Drive Australian Commodities Exports

In its latest Statement on Monetary Policy, the Reserve Bank of Australia says it’s betting that lithium and copper will drive growth in the country’s commodities exports in the next few years.

Exports of bauxite, zinc and nickel are also expected to contribute, with the bank identifying the electric vehicle revolution and a “broad increase in demand for commodities used in industrial production and construction” as factors that will contribute to this projected growth.

“Australia is well placed to meet some of the increase in global demand for these commodities,” the statement, released this month, reads.

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“Around 20-25 percent of known global reserves for bauxite, lithium, nickel and zinc are located in Australia, and around 12 per cent for copper. Australia was one of the largest five global producers for each of these commodities in 2016,” it continues.

Exploration and mining activity for these commodities have both grown over the past two years, supported by stronger prices. The bank expects that export volumes for these products will increase in the coming years as new projects begin production, existing mines expand and mines previously placed on care and maintenance are restarted.

While iron ore and coal still remain Australia’s two biggest resource exports, the report predicts that lithium exports will triple in the coming years, with copper, bauxite, zinc and nickel also expected to contribute to resource export growth on a lesser scale.

Copper, aluminum and its ores, zinc, nickel and lithium account for a small portion of Australia’s exports in aggregate, making up close to 7 percent of total export values and 13 percent of resource export values in 2017. The report notes that this is much less than the numbers for coal and iron ore, which made up about 30 percent of total export values and 60 percent of resource export values last year.

In spite of the predicted export growth for these particular commodities, the bank still expects their share of Australia’s total exports to remain around the same as it currently stands, with iron ore, coal and liquefied natural gas expected to comprise close to 40 percent of Australia’s exports in the years to come.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.

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Another Bullish Believer: Bitcoin Is The Future And USD Is A Scam

currencies of the people

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Which wins? Gold 1933 $20 or collector shopping?

There has always been a battle for the minds of collectors.

On the one hand is the allure of the bourse floor.

It is the place collectors go shopping to buy coins for their own collections.

Acquiring coins is the heart and soul of collecting.

To be as good at this as a hobbyist can be requires education.

Education takes time. When this education is competing for attention on a bourse floor, which wins?

This tug-of-war for collector eyeballs will play out starting tomorrow at the American Numismatic Association World’s Fair of Money in Philadelphia.

The United States Mint will have a display of three 1933 $ 20 gold pieces.

The only legal one in collector hands realized $ 7.59 million in a 2002 New York auction.

Would this piece bring $ 15 million if it were sold today? $ 20 million?

A high price helps collectors decide what might be worth looking at.

But it is not the only thing to affect collector judgment.

Two of the 1933 gold $ 20s that will be on display are from the Langbord hoard of 10.

This is the family of Israel Switt, a Philadelphia jeweler who left them in a safe deposit box for his family.

The government seized them when they were sent to the Mint for authentication.

A protracted legal battle in an effort by the family to get the coins back ended in a government win.

These two coins have been seen in public before.

They were part of a 10-piece display at the Mint’s booth in 2008 at the Denver ANA convention.

The third 1933 coin is the most interesting this year.

It was turned in to the government by an anonymous person.

In the Mint press release wording, the rare gold piece “was voluntarily and unconditionally given over to the government by a private citizen who requested to remain anonymous.”

Do you think this anonymous person had possession of the coin for very long?

Was he or she watching the 11-year legal battle over the Langbord coins?

In my mind, the answer is yes on both counts, but we won’t ever know for sure.

What we also won’t know until the end of this week is whether this story of the rare 1933 gold coins is compelling enough to attract collectors away from their want lists and bourse floor shopping.

The battle for collector attention goes on.

Buzz blogger Dave Harper won the Numismatic Literary Guild Award for Best Blog for the third time in 2017 . He is editor of the weekly newspaper “Numismatic News.”

The post Which wins? Gold 1933 $ 20 or collector shopping? appeared first on Numismatic News.

Buzz – Numismatic News

Blox Labs Appoints Chief Technology Officer

Blox Labs Inc. (CSE:BLOX,FWB:BR1B) , a technology development company focused on creating best-in-class software solutions driven by emerging trends in Blockchain, Smart Contracts and Decentralized Applications is pleased to announce the appointment of Mr. Curtis Ingleton as Chief Technology Officer (CTO), effective immediately.

Curtis is currently a technology developer and lead researcher who has guided several companies. He couples 20 years of computer networking experience with nearly a decade of work in Additive Manufacturing (AM) Technology, Applied Robotics and 3D Printing. With these skillsets he founded Genius IE: an engineering consortium focused on Additive Manufacturing Technology. Curtis conducts his research in cooperation with both industry and academia to create future materials, processes and equipment. His services have been sought out by General Motors, Magna Corporation and Clik-Clik to name a few. Product development, process and equipment design are all experiential strengths Curtis draws on. He has been awarded Make Magazine’s Worlds’ Best 3D Printer, Southern Ontario’s Top 40 Under 40 Business People and has received a nomination for a McMaster University Honorary Degree. Curtis brings the resources of a prototyping lab to any company he works with, accelerating their response to market demands and allowing them to deploy sensible solutions for their clients while producing impactful software solutions for the projects he has been involved with. Recently, he has begun plans to standardize the way the industry configures, maintains and manages crypto-mines. He is in the forefront of discussion groups and panels that are pushing forward the evolution of Blockchain Smart Contracts, Decentralized Applications (DApps), and Decentralized Autonomous Organizations (DAO’s).

“We are privileged to welcome someone with Mr. Ingleton’s robust skillset to our team”, commented Jeff Zanini, CEO of BLOX. He continued, “As we continue to build our client roster and execute upon both existing and new projects alike, the technical expertise that Curtis provides will be invaluable. As we are continuously engaged in new project discussions in the evolving Blockchain space, it is imperative that we have a dynamic management team driving the business forward with a wealth of industry contacts on a global front, which is what we have in Curtis and our existing Board”.

In addition to spearheading technology projects, Mr. Ingleton will also be guiding the formation of an Advisory Board. Curtis will report directly to the CEO, Mr. Jeff Zanini.

About Blox Labs

Blox Labs Inc. is a technology development company focused on creating best-in-class software solutions driven by emerging trends in Blockchain, Smart Contracts and Decentralized Applications. BLOX is helping customers with solutions for business problems from proofs of concept through execution. The Company is currently piloting blockchain solutions for supply chain management and improvement as well as other areas. BLOX is actively targeting partnerships and strategic acquisitions of growth companies.

ON BEHALF OF THE BOARD

Jeff Zanini

CEO and Director

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Information

This news release includes forward-looking information within the meaning of Canadian securities legislation concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company, including future plans for development of technologies by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this news release are made as of the date of this news release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

Click here to connect with Blox Labs Inc. (CSE:BLOX,FWB:BR1B) for an Investor Presentation. 

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