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According to the World Gold Council, annual mine production of gold over the last few years has been close to 2,500 tonnes. About 3,000 tonnes goes into jewelry or industrial/dental production, and around 500 tonnes goes to retail investors and exchange traded gold funds. This translates to an annual demand for gold to be 1000 tonnes in excess over mine production which has come from central bank sales and other disposal.
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After the Japanese attacked Pearl Harbor in 1941, the U.S. Government issued specially marked notes for circulation only in Hawaii as an economic defense measure in case of an invasion. After August 15, 1942, it was illegal to hold any other currency on the islands without a special license. If the feared invasion did occur, the government could easily declare the specially marked money valueless.
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From 1878 through 1957, the US issued Silver Certificates, most of which looked similar to current US paper money. These were backed by silver. In a similar manner, Gold Certificates were issued from 1863 to 1922 and were backed by real gold.
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Amazing Braided Hair Large Cent Error Discovered
Sun, 15 Jun 2008 12:14:57 +0000
An amazing Braided Hair large cent struck on a half cent planchet will be making its first public auction appearance at Heritage’s 2008 Baltimore ANA Signature® Auction. The coin has been consigned by a very private Northwest family whose members were unaware of its rarity or significance. The newly discovered rarity will be sold July ...]
Major Penny Announcement Monday
The U.S. Mint will make a major announcement about the new U.S. Cent design on Monday morning. The penny, which hasn't had a substantive obverse ("heads" side) design change...
3. The initials MPC stand for what type of U.S. paper money
3. Where does the star appear on the modern United States note?
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posted by Silver Eagle Lover @ 7:23 AM
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