Colorado Senate Bill 12-137,“Concerning the payment of debts in precious metal coins,” will go before the full Senate for its second reading today, February 20, 2012. The bill reaffirms that gold and silver coin issued by the United States government or authorized by law is a currency that is legal tender in Colorado.  Working on legislation declaring gold and silver as legal currency is something that many other states, such as Missouri and Washington, have been doing recently as well.  … [Read more...]

Yesterday, we posted a story about workers in France finding $1,000,000 worth of gold coins in the rafters of an old building at a vineyard facility.  Today, we hear about a woman in California that stumbled upon 41 gold Liberty Head Double Eagle $20 coins while she was digging a hole to plant a fruit tree at her home.  What are the chances? According to the story, Kath Bishop, of Seiad, CA, was placing stakes in her garden where she wanted to plant seven fruit trees.  She then decided to … [Read more...]

  Workers renovating a vineyard facility in France hit the jackpot, literally. As one worker began tearing at the ceiling with a crowbar, gold coins began to fall. Then, sacks of gold coins began to fall. In total, 497 U.S. gold coins were found in the rafters of the old building. The story states that at 17 kilograms of gold, the value of the coins is estimated around $980,000. The full story, with additional photos, can be read here. … [Read more...]

Missouri H.B.1637, which “recognizes gold and silver as legal tender” and was previously introduced in the Missouri House of Representatives on February 2, 2012, was referred to the Ways and Means committee on Thursday, February 9th, by Rep. Paul Curtman.  The proposed language of the bill, termed “Missouri Sound Money Act of 2012,” sets forth what is specifically mandated by Article I, Section 10 of the U.S. Constitution.   Article I, Section 10 of the U.S. … [Read more...]

In Andover, Massachusetts, a town with a population of about 33,000 people, some city workers may soon have the option of receiving part of their pay in $1 American Eagle Silver coins. A local resident came up the idea and furnished a petition with the minimum 10 signatures by registered voters necessary to be considered at the Town Meeting in April. The idea is to help give city employees more purchasing power as a viable alternative to receiving more dollars, since they agreed to budget … [Read more...]

Tawanda Mapfumo, a businessman from Harare, the largest city and capital of Zimbabwe, appeared in court yesterday for allegedly stealing a truck full of copper cathodes (example pictured to the left) valued at $500,000. The copper, amounting to 28,664 tonnes, was unloaded from the stolen trailer and put into the business man’s own trailer and then smuggled into South Africa and sold.  Police investigations traced the theft of the copper to one of Mapfumo’s hired workers who smuggled the … [Read more...]

As a result of its recent monetary policies, The Federal Reserve has been a frequent news topic over the past several days. January 25th and February 2nd are two key dates of its recent activity and so will be the focus of this week’s recap. In short, expecting prolonged economic instability, the Fed continues fiddling with the market -  as usual. On January 25th, the Federal Reserve’s monetary policy-making group, the Federal Open Market Committee (FOMC), announced that it will keep … [Read more...]