A-Mark Bullion Update

In the aftermath of gold’s violent drop at the beginning of October, it has spent the last three weeks consolidating around its 200 day moving average.  Physical coin and bar demand in North America was robust for about a week after gold’s drop under $1,300, but it has since slowed down materially.  With volatility falling, participants have grown quickly accustomed to these price levels and we need to see a break from this trading range in order to attract fresh … Read More »

Meet the SDR, “The” New World Reserve Money

By Lynette Zang Chief Market Analyst, ITM Trading, Inc. How the SDR Got Started At the Bretton Woods Accord in 1944, the US was granted the sole privilege of “The” World Reserve Currency (WRC), overseen by the newly created independent International Monetary Fund (IMF). Since then, global assets have been priced and paid for in US dollars, which we could print as needed. Everyone else had to buy dollars to pay international debts. In return, the US legally agreed to … Read More »

A-Mark Bullion Update

10/11/2016 Yesterday’s Federal Open Market Committee minutes failed to provide any sparks in what has turned out be a boring week of trading for the precious metals.  [Buy precious metals online] Commentary of note from the FOMC included the following: several officials said the decision to wait for a rate hike was a “close call”, some officials remain wary of important downside risks abroad, and there is a “reasonable argument” that a hike could be made.  So… just like in … Read More »

Chinese Yuan SDR

View our webinar archive  Video Transcription China in SDR Basket – Yuan New World Reserve Currency China’s strategic evolution to become of global financial powerhouse number one in 1994 they pegged their currency directly to the dollar so whatever the dollar did goes up goes down didn’t matter Chinese Yuan was also going up or down right along with the dollar what that actually did was transfer the manufacturing base from the u.s. to China with all that cheap labor. Corporations … Read More »

How To Tell If A Coin Is Counterfeit

How To Tell If A Coin Is Counterfeit

Counterfeit coins are very interesting. There are all types of counterfeit coins. There are also a myriad of ways how to tell if a coin is counterfeit. Some ways are easier than others. You see, the more intricate and correct the forgery is, the harder it is to detect. See Our Gold Coins  Following is a more in-depth look at authenticating a US Large Cent coin. The coin is dated 1796. Michael Fahey, a Senior Numismatist, describes in a very … Read More »

A-Mark Bullion Update

In a perfect storm of fundamental and technical factors, gold and the rest of the precious metals complex finally sold off in dramatic fashion last Tuesday.  China’s week long holiday drying up physical demand out of Asia, hawkish commentary from a Fed official, and gold testing pivotal moving average and psychological support around $1,300, all proved to be insurmountable bearish pressure on the yellow metal.  Gold broke through $1,300 which then triggered stops to take it all the way down … Read More »

The New World Reserve Currency

Lynette Zang is the Chief Market Analyst at ITM Trading. She has worked with ITM Trading since 2002. Since 1964 Lynette has been a collector and a banker and a stockbroker; Lynette has studied and worked in the markets. Lynette says she has been “groomed” for this moment in financial evolution. Her information and arguments, which she backs up with facts and data, would tend to support her claim. Recently, Lynette produced a webinar to quickly explain the new SDR … Read More »

How To Buy Used Silver

How To Buy Used Silver

Buying Real Silver During the days when I worked on the trading floor at ITM, things were a bit different than they are now. For instance, there was an economic meltdown happening in 2008. My desk, phone, and computer were the only tools that I had to use order to explain fiat currency risks to clients and potential clients. The ITM Trading website was live, but it was an informational source only. At the time, you could not place an … Read More »