That was over 120 years ago. Finding gold and getting it out the ground is easier now. So with the magic mike (gold deficit) it makes sense to remove the 5th 9 and alter the 4th. They press many coins and medals. All that adds up. Also, population back then was way lower. I think it doubled since then. But how are they testing the purity? Are they melting and centrifuge? Doubt it. Melt and separate like a pharmacist does pills? Or do they pull out impurities with a magnet? Which according to the pros on forged in fire, when metal hits a certain temp it loses it magnetism. That how you know you are ready to quinch the blade.

Seems miniscule, but when you are talking tons, that is a lot. Don’t have time to do the math, but figure how many ounces in a pound, then multiply by 2000 for ton weight. Then multiply by at least 100. And see what 1/25 comes out to be. Also. Who validated the older mint coins? Could be like a Reese’s cup silver outside with a lead filling. I wonder what the US standard is. Is it 99.99999999999 or 99.9 like some coins. And I think 1 was even 90.0 silver. So how did mint do that if they’ve been doing pure metals for years. Did they add to the smelt process? Did they thoroughly remove all that alloy from the smelter? If not some of those 99.9999999999 coins stamped after could be contaminated. And junk silver the same. Did they ensure it was 90% (according to Keiser) or did they add other metals to make weight and it was 89% or less. With all the coins coming from mint lately that are damaged etc, perhaps it is due to less pure metals. And to answer the question, I’ll take my gold in the rocks, not on the rocks. I bet soon unky joke uses his pen power and does executive order that all gold coins will be made from 100% pyrite.

Confusing. They addressed the .01 part, but expanded that it met requirements and was adjusting to make it contain more gold from 99.992 to 99.996. I can’t even fathom how small a piece of gold that would be. Xi just got 5 more years as dictaster, I mean dictator. So he knows what is going to happen with Russia and Taiwan. I think Israel and Iran will be the fort Sumpter moment though, or Ferdinand so to speak. When the bricks move to gold, the value will skyrocket as other countries move to barter for food and goods. Also, an 82 year old went to jail for selling fake graded Michael Jordan rookie cards. Look it up, was on CNN I think. Basically an insider got him labels and cases. Details were limited and the co-conspirator wasn’t named. I also wouldn’t bank china is junk. They have a rover on the moon and mars too. And the media said they stole plans and have successfully created their version if the f22. And they’ve had years to improve it.

Also Egypt backed out of receiving grains through nato and un. So don’t be surprised if they join bricks. And I love how yelled comes back from overseas after handing out ton of cash to tell congress to raise debt ceiling. Yeah its transitory. It transits from one card to another to another to another to keep payments on time (not me, I planned better, but most americans)

The fed also said they were going to look into crypto more deeply. Notice bitcoin crashed. Was under 20,000 earlier. Another consideration a new compound was created to conduct electricity much more efficiently. It has a really rare element in it and it takes huge amounts of temps and pressure to create. I wanna say 144,000 psi or maybe it was 144,000 tons. It is recent so article should be easy to find. Perhaps we see America go back to writing post dated checks. Which will be cool. Can’t wait to see Gen y and Gen z trying to fill out a check using a stylus and yelling because it is out of ink.

NumisdudeTX

but golly yes they are now going for the 99.996 standard, so we are talking about 1/25th of a gram of non-gold now. that’s such a tiny amount to be fussing over. your average ETF has management fees way higher than 0.01% (yeah, i know a couple have ‘zero’ but lets ignore those for now)

“Please buy our pure gold coins & ingots…give us a call…operators are standing by to take your money.”…Scams everywhere & greed rules it seems. Remember, the U.S. Mint’s silver coins & medals are only 99.93% fine silver! They don’t even have the numerical fineness on them, just a generic “fine silver” inscription on the ASE $1 coins. I want my extra .07% silver price refund U.S. Mint! – I smell a class-action lawsuit against the U.S. Mint. – But you can trust Uncle Sam! Lol.

NumisdudeTX

How do you like your Gold? Pure? .99999? Or “Juiced”?

Straight, Neat, On the Rocks(Sydney, haha), splash of silver? Out of Western Australia. “Perth Mint, WA mines minister knew about gold doping for months before scandal became public.” By Nick Pearson

“The national bullion mint sold 100 tonnes of gold to the Shanghai Gold Exchange which potentially did not comply with Chinese purity standards.
The standard for gold purity is 99.999 per cent.”

“Speaking at a press conference this afternoon, Perth Mint CEO Jason Waters said the amount of silver added to the gold sold to China brought its purity from 99.996 per cent to 99.992 per cent.”

“These sort of issues are bad for our reputation. It hurts,” he said.”

Doh!

https://amp.9news.com.au/article/ea2016a3-f4d4-4a3a-8bd4-a40284429871

Another link embedded within the above article also covers allegations of money laundering moving through the Perth Mint as well? Sold a bunch of gold to a notorious HA/outlaw(?) biker/bikie. They talk about about potential fines, in the hundreds of millions of dollars. Whoa!

Just think, these are just the stories that manage to make it out??? Of course other Sovereign Mints besides our own and Perth our doing, who knows what? Notable issues we’ve had. Sending off Au First Spouse coins to be destroyed. “$1 million in First Spouse gold coins wrongly sent for destruction”. Pre 7:30 am sales of super High Demand product. “U.S. Mint sells older gold, silver coinage to select dealers in sealed-bid auction”

Good times!