This page has been archived and commenting is disabled.
Putin Silver 1 Kilo Coins Minted In Russia
Gold fell $0.60 or 0.05% yesterday to $1,284.40/oz. Silver fell $0.02 or 0.1% yesterday to $19.43/oz.
The Mint Refers To The New Coin As "1 KG Of Nobility"
Spot gold bullion prices ticked lower today and gold is again testing support at $1,280/oz. A close below $1,280/oz will be short term bearish.
Momentum is a powerful force and trend following traders and algorithms could push gold lower. Thus, there remains the possibility of further weakness and gold testing its big level of support above $1,180/oz.
Having said that the geopolitical backdrop of increasing tensions over Ukraine between Russia and western powers and indeed between China and Japan is gold supportive. As is the still robust physical demand especially from China and Asia.
Gold in U.S. Dollars - 5 Years - (Thomson Reuters)
The FOMC tends to have a fleeting short term impact on gold prices and barring a major surprise, Yellen's monetary policy is already priced in.
As ever, a better than expected jobs number, could see further gold liquidations. Conversely, a worse than expected number will lead to safe haven demand and could be the catalyst gold needs to get out of its recent funk.
Russia: Putin Silver One Kilo Coins Launched
Silver coins with the face of Russian President Vladimir Putin are being minted in Russia. The coins weigh one kilogram (1kg - 2.2lb) and are being launched by the Art Grani foundry to mark Crimea’s reincorporation into Russia.
The private mint that produces the coins said it is planning to present some of them to the Russian leadership. The coins are commemorative in nature and are a limited edition of 500 silver coins initially. The factory states that some of the coins may be sold, but they won’t be used as currency.
Putin's face is on one side of the coin while the other shows a map of the Crimean Peninsula, Moscow daily Komsomolskaya Pravda reports. Factory director Vladimir Vasyuhin explains that by bringing the Crimean peninsula "back home", Putin had "demonstrated the qualities of a wise strategist and politician".
"Crimea's reunification with Russia was a historic event which we decided to embody in a souvenir collection of coins," Vasyukhin told the Itar-Tass news agency.
The peninsula that has hosted Russia's Black Sea fleet throughout its history was part of Russia for centuries before Ukrainian-born Soviet leader Nikita S. Khrushchev transferred it to the Ukrainian Soviet Socialist Republic in 1954.
It made little difference to which republic the peninsula belonged when all 15 were united within the Soviet Union. But after the Soviet breakup in 1991, Russia was forced to lease back its military bases from Ukraine and lost governing authority over the predominantly ethnic Russian population of 2 million.
The first issue of 25 of the commemorative coins, which are the size of a hockey puck and weigh 1 kilo each, will be given to Kremlin officials, Itar-Tass said.
Neither the foundry nor the Russian news sources that wrote about the special "Crimea 2014 Collection" said how much the coins will cost or when a broader quantity will be available to collectors and the general public.
Each coin has 120 millimeters in diameter and is 11 millimeters thick. The embossed images are 4 millimeters high. Each coin will have its own number and will be made of 925 grade silver or 92.5% purity.
Silver at less than $20/oz remains very undervalued. It remains undervalued versus stocks, bonds and indeed gold. An allocation to silver in a portfolio will help protect and grow wealth in the coming years.
»
- GoldCore's blog
- 19640 reads
- Printer-friendly version
- Send to friend
- advertisements -
Made with the first $1B wheat crop from west Ukraine? I bet one of these would action for a million dollars sometime in the distant future, if they use margarin in the frosting t will survive WWIII.
When and where can I buy one??
2.2 lbs of silver is worth about $700. I bet these coins would go for $10k minimum at auction. A piece of history is almost worth it's price in gold
I'd buy one, if they were for sale locally.
Not for me thanks, I'll keep my good old paper money. In the post apocaliptic mad max fantasy land that gold bugs dream about, imagine what good this 2.2lb silver disk would be? Maybe you could drill it and fashion a never flat tire for your mad max mobile...that is if the sand people don't cut off the gas supply lines. /rollseyes
That 2.2 lb silver disk will be worth more paper money 10 years from now, and your 'good old paper money' that you have today will still have the SAME face value in 10 years. I choose the 2.2 lb silver disk, there will always be PM buyers.
You sound like the people who say "home prices never go down".
You could make bullets. Try shooting someone with spitwads...
Violence did not immediately spring to mind for me, but I think if you had a foundry to melt the silver kilo and sheet metal rollers to make the shell casings, you could technically go to war with the werewolves. Since my life is not taking place in a Twilight novel, I think i would source steel for the casings from a dilapidated vehicle. Hypothetically speaking.
I think we would really be spending all of our time sourcing fresh water and food if there were no supply lines and infrastructure. My conception of the "mad max scenario" may differ from yours.
"Violence did not immediately spring to mind for me"
and yet, you refered to "Mad Max" which was nothing BUT violence....
Anybody got change for a Vlad?
Most I got is 100,000 Baracks.... won't even make a dent.
That'll make a hell of a "sleeve".
Unpossible !
Oligarch for Life!
Damn! Now Obozo will want some with his face on a 2 kg coin...
... and "Mooch the Wookie's" face on the back!
rather I think his buttcheeks on the reverse.
Obama face is going on the one hundred quadrillion dollar frn.
I'm glad you said her face. Full profile of Mrs. "Two ax handles wide" Obozo would need a larger coin.
I'll take two!
Buy that Russian bullshit at your own peril. Once preezy stompy foot red lines us into WWIII, "Us vs Them" will certainly enter the Natl psyche and if someone sees you with that shit, you'll get your ass kicked. Aside from not being to unload it when you need to. Good luck with that...
Only is obstacle of 961.8°C (1,763°F).
Touche! Indeed.
Those would be fun to stack. I aways like things in the Kg range in silver. Where can I buy them? I'm hoping for a spot price of 15$.
Boris is wait for Gold version of coin after price of Tungsten is fall.
I'll wait for the barechested Putin with horse coin: sell out for sure to all the gals.
I wish America had a President that cared about America, like Putin cares about Russia.
btw, do they come in a tube of twenty?
RevRex I wish America had a President that cared about America, like Putin cares about Russia.
----
I wish people would understand that Putin only cares about himself and his ideology, not the country or more importantly the people. Obama is the same way.
... and it's made in Russia, not China.
I like good trolling almost as much as I like silver. I need one of these.
Agreed. I want one.
Does anyone know where I Can buy one, really? It will be a collectors item after he is assasinated.
Is there going to be a plutonium version I can send to my "friends"?