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Last month at Chicago’s Heritage Auctions, all kinds of rare coins and currency were bought and sold. The most exceptional among them was a Newfoundland $2 gold coin so rare that the only other known example is owned by the British Museum. The 1865 coin sold for over $100,000 on April 10th. This coin isn’t…
Europe was mired in the middle of World War I. Germany was spreading rumors that Britain couldn’t back their currency. These rumors triggered turmoil in India, a British colony at the time. Whether it was true or not was not important. People panicked. Only bold action from the United States could protect one of its…
The financial sector has never been known for its transparency or forthrightness. In fact, it’s probably the single most mysterious industry there is. Bullion banking is so shrouded in secrecy that even most bankers don’t understand it. Recently, bullion bankers have come under fire for allegedly dishonestly fixing gold and silver prices. Whether or not…