Recaps Comment Section:
Ron: It's not a Blood Moon, it's a "Blue Moon". From an astronomically astute friend:
A Blue Moon is when there are two full Moons in a single month. This Sunday night we’ll have that blue moon. But wait there’s more. Sunday night / Monday morning will also be s Super Moon.
Super Moons happen when a full moon coincides with a close approach of the Moon in it’s monthly orbit of the earth. Sunday night’s moon appear about 15% larger than other full Moons.
And if that wasn’t enough Sunday night there will also be a Total Lunar Eclipse. Put all that together and you might want to plan on stepping outside for a brief look. The Eclipse will start just after 7:00 PM, reach totality around 9:45 PM and end about 12:30.
[All times CDT]
Francis.A: I've studied this subject for many years and may have a few, simple ideas that will be a good starting place for you soon to be wealthy readers of this blog.
There are two types of physical metals to own. Bullion and numismatics. Bullion is bars, bricks, chunks and coins like Krugerrand's etc. that were not circulating money. Numismatics are real money, gold and silver coins, American, that were once used in circulation. They are collectibles and have gold/silver content as value and rarity value.
Note: In 1933 when President Roosevelt "Called in the gold" it is key to know this was ONLY bullion and not numismatics. So, if the U.S. would ever declare buying and selling gold illegal, which I suppose it is possible as they did it in '33, it would only be bullion and not numismatics. You can't outlaw real money, and besides, the rich and powerful have coin collections...it is a trait of "Old Money" that goes back hundreds of years.
There are many companies out there that offer to "Store" your bullion and give you a piece of paper in exchange. Remember, if you don't hold it, you don't own it. My opinion, I don't care how "secure" these storage facilities claim to be. If gold and silver go to heights that we believe is coming when real inflation hits, people can and will do strange things to manipulate customers and such. Be careful.
If you really want bullion, fine. Get it and bury it in your back yard and tell no one. Safe.
Numismatic coins are the best IMO. Now, it does take longer to realize a profit, because of the premium, (spread), so be prepared to hold for 2 or 3 years as the way prices are moving today. And with numismatics it is easy to sell one coin in exchange for dollars if you want and there are always buyers. Why? because all these coins are in a limited, fixed supply. All of them
There are no 1099's issued for numismatics as there are for bullion - So, it is up to you to keep good records of how much you paid and when you may sell for tax purposes.
Finding a really good numismatic broker is critical. Many, many fly by night people out there. Be careful. I have one that I've known for 25 years and is honest as the day is long. If Recaps will allow I would be happy to put his name up here.
The biggest challenge with precious metals right now, and at the same time is exciting, physical is getting harder to get as you may have read. Perhaps our investment is coming just at the right time.
Hope this helps a bit.
Harambe: Iraq, Iran, Russia team up
[xyz] Iraq says Russia, Iran, Syria cooperating on security issues in Baghdad http://uk.reuters.com/article/2015/09/27/uk-mideast-crisis-iraq-russia-idUKKCN0RQ0S420150927
FrostyTheSnowman: NASA's 1 min. video regarding tonight's Super Moon.
RickLibby: Family read this article!!! it is what will bring closure to the monetary reform.....
Walkingstick: White House declares truce with China over AIIB
Shawn Donnan in Washington
US officials have declared what amounts to a truce in their campaign over China’s new Asian infrastructure bank, claiming that they have secured commitments from Beijing to address Washington’s concerns as well as “meaningfully increase” its financial contributions to the World Bank and other potential regional rivals to the new institution.
The US has declined to join the new Asian Infrastructure Investment Bank and been leading what many allies and others see as a failed campaign against it.
Together with the New Development Bank being founded with other Brics economies, the AIIB represents perhaps the most significant challenge ever mounted to the Bretton Woods international financial architecture established in 1944.
The latest move highlights how eager US president Barack Obama and his administration are to put that chapter of their engagement with China behind them and resume normal relations on the international economic stage.
During last week’s state visit by Xi Jinping, the Chinese president, the Obama administration also reiterated its pledge to back China’s bid for the inclusion of its currency, the renminbi, in an elite International Monetary Fund basket of reserve currencies as long as Beijing is declared worthy by the IMF.
Senior administration officials said that during Mr Xi’s visit, Washington had secured a pledge from Beijing to increase its financial contributions to the World Bank and regional development banks.
The first step, they said, would be an increase in China’s contribution to the International Development Association, the World Bank’s main concessional lending facility for its poorest client countries and similar ones at regional development banks.
China had also made a commitment that the AIIB, and any other new and future institutions it was involved in, would abide by the highest international environmental and governance standards, addressing what the US and campaign groups have said is one of its main concerns about the new bank.
“We feel that is extremely positive,” said one senior administration official. “That is a breakthrough.”
The commitments were laid out, albeit in vague terms, in a joint “fact sheet” about the two countries’ economic discussions during Mr Xi’s two-day visit to Washington.
In it the two countries reaffirmed their commitment to the existing international financial institutions and pledged to “further strengthen the World Bank” as well as regional banks in Asia, Africa and Latin America. “China intends to meaningfully increase its role as a donor in all these institutions,” the joint statement said.
“Both sides acknowledge that for new and future institutions to be significant contributors to the international financial architecture, these institutions, like the existing international financial institutions, are to be operated … with the existing high environmental and governance standards,” it said.
That both sides are keen to put the AIIB dispute and any conflict over the governance of the existing institutions behind them was also evident in Mr Xi’s public statements during his visit.
At a press conference with Mr Obama on Friday the Chinese president said the US and China had agreed to step up their co-operation in arenas such as the G20, World Bank and IMF.
”China is the current international system’s builder, contributor, and developer and participant, and also beneficiary,” he said. “We are willing to work with all other countries to firmly defend the fruits of victory of the second world war, and the existing international system.”
He also defended the establishment of the AIIB and Beijing’s “One Belt One Road” plan to build a new Silk Road to Europe, which many experts see as a potential strategic rival to the US-led 12-country Trans-Pacific Partnership.
“These initiatives are open, transparent, inclusive,” he said. “And we welcome the US and other parties to actively participate in them.”