Archive for gold
Now Is The Time For Numis Network
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2009 Record Revenue for U.S. Mint Silver, Gold and Platinum Coins
Posted by: | CommentsThe fear of the falling dollar and the demand for gold and silver have never been greater!
Despite the inability of the U.S. Mint to acquire sufficient blanks, both gold and silver bullion coins smashed sales records due to unprecedented investor demand in FY 2009.
Uncertainty surrounding traditional investment and inflation concerns drove investor demands for bullion coins to exceptional highs last year, the U.S. Mint said in its recently issued annual report.
The U.S. Mint sold 27.6 million ounces of gold, silver and platinum bullion coins in fiscal year 2009, a 132.3% increase over annual bullion sales since FY 2005.
Total bullion revenue for the mint achieved a record high of $1.7 billion in FY 2009, a 78.65 increase from $948.8 million in FY 2008.
As bullion coin buyers were well aware, the U.S. Mint was initially unable to acquire sufficient planchets (blanks) to satisfy “the unprecedented demand for bullion coins.”
Because of supply constraints, the mint diverted all available planchet supply to produce of 22-karat gold and silver one-ounce bullion coins. The mint also diverted blanks from discretionary numismatic and bullion programs, increased production capacity, and worked with suppliers to expand planchet supply. “Consequently, the bureau expanded bullion planchet supply from previous levels of eight to ten million ounces annually to over 27 million ounces in FY 2009,” the report said.
Bullion sales, general and administrative (SG&A) expenses increased from $8.4 million in FY 2008 to $1.2 million in FY 2009. Meanwhile, bullion net income increased 83.7% to $32.7 million during the same time period. “The bullion program was successfully managed to just below the standard net margin of two percent,” the report said.
The sales of American Eagle 22k gold bullion revenue increased 184.3% to nearly $1.28 billion in FY 2009, up from $449.6 million in FY 2008. Revenue from the sale of all American Eagle 22k gold products comprised 75.4% of total bullion sales revenue in FY 2009. Beginning in calendar year 2009, the mint suspended production of American Eagle 22-k fractional denominations, only to resume their sales in October 2009.
American Buffalo 24k gold bullion sales declined substantially in FY 2009 because the planchet supply was diverted to the American Eagle gold program. American Buffalo gold net income fell from $1.7 million to $100,000 in FY 2009.
The U.D. Mint began acquiring blanks for the American Buffalo program in the fourth quarter of FY 2009, which allowed the bureau to resume 24-k one-ounce coin sales in October 2009.
SILVER BULLION
The Mint reported that 28,766,500 one-ounce silver Eagles were sold last year, smashing the previous record of 9 million coins sold in FY 2008. American Eagle silver bullion sales revenue increased 21.4% from $306.4 million to $372 million in FY 2009. Net income from American Eagle silver increased from $5 million to $6.1 million during the same period.
PLATINUM SALES
American Eagle platinum sales revenue increased 5.8% in FY 2009 from $22.4 million to $23.7 million. Net income for American Eagle platinum coins increased slightly to $1 million during the same period.
COIN SALES
Retail sales of numismatic versions of the U.S. Mint's circulating and commemorative coins and medals weakened in FY 2009. The Mint offered fewer numismatic productions because precious metal blanks were diverted to the bullion program.
Quality issues also delayed or prevent the release of certain annual set in FY 2009, such as the 2009 Lincoln Bicentennial One-Cent Coin Program. The tough economy may have lowered consumer spending on collectible coin sets.
Nevertheless, the Ultra High Relief Double Eagle Gold Coin proved to be the highest revenue generating numismatic product, generating $112.4 million in revenue, contributing 25.5% of total coin sales revenue in FY 2009.
The Mint said the product's sales “helped offset declining revenue in other collectible precious metals programs because of product unavailability. Net income from the sale of the 2009 Ultra High Relief Double Eagle God Coin totaled $6.4 million in FY 2009.”
Bullion Silver Coin in HIGH Demand
(The Bullion Silver Coin was in such high demands that the U.S. had to stop producing other silver coin productions!)
The U.S, suspended production of American Eagle numismatic products to divert precious metal planchet supply to bullion coin production. Because of unavailability, revenue from the sale of American Eagle products fell 66.8% from $166 million to $5.1 million in FY 2009. Like the American Eagle program, the U.S. also temporarily ceased production of American Buffalo gold numismatic products in FY 2009. As a result of product unavailability, revenue from American Buffalo product sales fell 67.4% from $78.8 million to $25.7 million in FY 2009. The bureau resumed sales of the American Buffalo gold proof one-ounce coin and the American Eagle platinum proof one-ounce coin in October 2009.
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The History of Gold and Silver Coins
Posted by: | CommentsGold and Silver Coin World History
Themajor commercial center linking the Asian kingdoms of the east with thecoastal Greek cities of Iionia was Sardis, the capital city of ancientLydia. So it was only natural that the first coins ever madewould start here. Around 650 BC, give or take 10 years either way,coins with the head of a Lion first appeared and was used as the firstsystem of bimetallic currency. These first coins were made of a metalcalled electrum, an uneven mixture of gold and silver, and sometimeshad small traces of copper and or other metals in it.
In Lydia, the most used coins was minted into the weight 4.76 grams,These were called the trites and valued at 1/3rd a stater. Three ofthese coins weighted about 14.1 grams, and equaled one stater. A staterbeing about one month’s pay for a soldier. One stater size coins aswell as smaller fractions were minted also: the trite 1/3rd, the aforementioned coin, the hekte 1/6th, 1/12th, 1/24th, 1/48th and down to1/96th of a stater.
It didn’t take long for the Greek cities of Ionia to start usingelectrum to start making their own coins. Widespread trading ofelectrum made coins was somewhat hampered however. Because of theuneven mixture of gold and silver, it was rather difficult to determinethe exact worth of each coin. For this reason a foreign merchant wouldoffer very low undervalued rates on local electrum coins. In 570 BCpure silver coins were introduced in parts of Greece making thesedifficulties less and less a problem.
By 560 BC, the Lydians came up with a process to separatethe gold from silver, bringing about the minting of the first goldcoins. Now gold coins were being produced along with silvercoins. Electrum coins did remain a fairly popular form of currencyuntil around 350 BC. Gold and silver coins however quickly became theworld standard for currency used in trade. What helped to bring thisabout so quickly was in 547 BC, when after 13 days of the siege thePersians scaled a lightly defended part of the wall and captured thecity of Sardis. Cyrus, being amazed with the gold coins found in theLydian kingdom, decided he wanted to make these gold coins for himself.The Persians learned to mint gold coins and began to use them for trade.
The Greek’s liked the use of silver coins as currency and helped tomake silver coins excepted as a world standard for currency. Unlike theGreeks, the Persians preferred gold coins over silver, and helped tomake gold coins excepted as a world standard for currency. Between thetwo, gold and silver coins become the money excepted throughout theknown world. From that time gold and silver coins has been the onlytrue form of money to this very day.
At this point you may be saying what about the paper dollars, or yens, or euros I have in my pocket?Around 100 AD the Chinese were the first to invent paper. Sometime inthe early 7th century they also become the first to invent paper money.This paper money was called flying money. These first bank notescarried a guarantee that it could be traded at any time for coinage.The paper was not the real money, it was the coinage that it could betraded for that was the real money. The paper was just a form of apromissory note, a promise to trade for real money.
In 1292 when Marco Polo came back from his travels in Chinatelling people about this paper money they used there the people inEurope didn’t believe it. It seemed as a joke that the Chineseused paper for money. Paper money in Europe wouldn’t come about untilthe 1600s. In the mid 1600s paper money began to appear throughoutEurope, some accepted, some not. The Goldsmith notes printed by theBank of England founded in 1694, were again a type of promissory note.These notes were printed as a promise from English gold smiths foraccount deposits. The clause “(I) promise to pay the bearer on demandthe sum of — pounds” in gold. Again the paper was not the money, thegold it could be traded in for was the money.
Article 1 section 8 paragraph 5 of The United States Constitutionstates that Congress has the power “To coin Money, regulate the Valuethereof, and of foreign Coin, and fix the Standard of Weights andMeasures;”
Article 1 section 10 paragraph 1 of The United States Constitution states that “No State shall … make any Thing but gold and silver Coin a Tender in Payment of Debts;”
From these 2 sections of The United States Constitution it is clear that our founders did not want paper moneyas a form of tender in this country, and for good reason. They knewthat gold and silver coins have and keep value, and paper always comesto problems. Many of our founders seeing the problems Europe had withtheir tries at using paper money, plus the early tries of the coloniesto use paper money.
In 1836 the first bank notes were printed, with over 30,000 designsand colors, they were easily counterfeited, and along with bankfailures, became almost as poison to most people. In 1861 Congressauthorized the United States Treasury to issue paper money for thefirst time in the form of non-interest bearing Treasury Notes calledDemand Notes. In 1862 these notes were replaced with United StatesNotes. Commonly called Greenbacks. In 1865 Gold Certificates wereissued. In 1868 National Bank Notes, backed by U.S. governmentsecurities were printed. In 1878 Silver Certificates in exchange forsilver dollars were printed. In 1913 the Federal Reserve Act was passed, then everything changed.
Until this point the paper money printed could be traded in for goldor silver coins – real money. For a while federal reserve notes couldbe also. From 1913 to 1963 the federal reserve note went from a notethat could be traded in for real money to nothing but a piece of paperthat is not backed by anything, a debt instrument. Federal reservenotes no longer says it is redeemable for gold or silver, it only says“This Note Is Legal Tender For All Debts Public And Private.” In factthe words lawful money is nowhere on the note at all anymore.
Today’s federal reserve note is what is called fiat currency.Fiat currency does not have any intrinsic value or any guarantee thatit can be converted into gold or another currency. Fiat currency isnothing but a government’s order (fiat) that it must be accepted as ameans of payment, back by nothing at all. The founders of the UnitedStates knew that is what would happen if paper money became accepted.That is why they made gold and silver coins the only form of lawfulmoney in our Constitution.
Paper money never has been and never will be real money.Gold and silver coins has been and still is the only true real money.You hear that gold and silver is going up in value, when in reality itis the paper money going down in value, meaning it takes more paper tobuy the same amount of gold. Back when quarters were still made ofsilver you could buy a loaf of bread with one of them. Today that samequarter made of silver would still buy you a loaf of bread.
Gold and silver coins is the safest place to invest your paper dollars.It is the one thing you can invest in that will never go broke. Stocksand bonds may crash, paper money may become worthless, banks may fail,but all through history gold and silver retains value. It is well knownthat Gold coins are the safest and most risk free place to invest onessavings. As the news informs us of the failing economy, and we seeprices of everything go through the roof we need to find a safe placeto put our hard earned federal reserve notes. At the decay rate of thedollar, if you can survive on $20.000.00 a year today, in about 10years it will take you over $50,000.00 a year to live the same lifestyle. That same $20,000.00 in gold coins in 10 years will last longerthan a year.
Paper currencies offer you no protection in your investments, it only loses more and more value with each passing year.There is nothing that offsets the shrinking value of currencies likegold coins. When you save gold and silver bullion coins, such as theAmerican Eagles, you build yourself a fortress of investment security.
Click here for more details on how you can accumulate Gold andSilver and leverage other people to do it and build wealth during thistrend.
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Complete Review On Numis Network
Posted by: | CommentsThis is the Numis Network Compensation Review. This blew me away. Numis Network is VERY FUN to build. Here is a compensation plan review by one of the guys on my team. Watch this and then read on about Numis Network:
The Numis Network product is GOLD and SILVER. Do you have enough of our product? Unlike the usual network marketing or MLM product which us usually a consumable lotion, potion, juice or vitamin where its intrinsic value plummets immediately upon purchase, Numis Network sells GOLD and SILVER. Gold and Silver is an asset that typically and historically appreciates in value through time.
Wouldn’t you have liked to be the one who bought and collected and accumulated Gold and Silver all through the 80s, 90s and the past 10 years? How much would it be worth now? How much is all the mlm product in your garage worth today?.
Who would argue the value of buying GOLD and SILVER?
Exponential Growth is possible here. Imagine having ONLY 5 people on your team. Now assume they only enrolled ONE person… and let’s also assume you gave them time – heck a whole two weeks to find ONE person.
What would happen to your Numis Network team?
It would have DOUBLED.
TWICE…
At the end of the month.
From 5 – to 20…
With just ONE enrollment each in two weeks for a month.
EXPONENTIAL growth potential with Numis Network and NOBODY wants to get off autoship. In fact, people will want to buy as much of your product (gold & silver) as they can get…
Many will exchange their own commissions (cash paper currency) for even more REAL MONEY (GOLD & SILVER) and your team volume will rise.
Numis Network is brilliant. People. Leverage. Gold. Silver.
Training: We’ll DROWN you in training, we have so much of it.
SYSTEM: We have two GREAT systems that build this and share the word.
Support and Training: We have daily webinars, videos like this, audios, sample ads, training, closing and presentation calls.
Interested in learning more about NUMIS NETWORK and their “off the charts” compensation plan?
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