Over the Weekend!

Texas proposes gold and silver-backed currencies to compete with fiat money

“Under the proposed law, the Texas Comptroller would issue gold and silver specie (coins) through the Texas Bullion Depository and also establish gold and silver transactional currency defined as ‘the representation of gold and silver specie and bullion held in the pooled depository account,’” wrote Mike Maharrey, Communications Director at the Tenth Amendment Center. “The Depository would be required to hold enough gold and silver to back 100 percent of the issued currency.”

If approved, the bills would enable “Holders of gold and silver specie and currency to use them as ‘legal tender in payment of debt,’ in the state of Texas,” he noted. “The gold and silver-backed currency would be electronically transferable to another person. Gold and silver-backed currency would be redeemable in specie or at the spot price of gold in U.S. dollars minus applicable fees.”

Source – KITCO News

Northeast Numismatics has special Lexington-Concord commemorative

Northeast Numismatics of Concord, Massachusetts, is the lone supplier of the special 2025-dated commemorative coin altered for this occasion. “We realized we were coming up on the 250th anniversary a few years ago and got the idea to do something special,” said Northeast owner Tom Caldwell.

Source – Coin World

First Amendment Final Coin

The five-year (2021-25) First Amendment to the United States Constitution coin series concludes this month with the release of the final issue.

The $100 platinum proof coins are priced at $1,545, and mintage is limited to 9,000. To order, visit the U.S. Mint’s website.

Source – The Reading Room

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    Poland copper mining tax to end in 2026

    Poland’s copper mining tax will fall from next year under a new system that will provide deductions related to investment spending, Polish finance minister Andrzej Domanski said on Friday.

    The tax on mineral extraction, including copper, was introduced in 2012. Poland’s biggest copper miner KGHM paid 3.87 billion zlotys in tax in 2024, according to its annual report.

    “By taking care of investments in Poland, by taking care of the development of KGHM, we also take care of the collective security of the West and the European Union.”

    Source – Reuters

  • US oil to China might not continue

    Oil flows from the United States to China in the early months of this year have reportedly added up to roughly 1% of the country’s imports, amid growing tariffs and trade risks.

    “With China imposing 84% tariffs on goods from the US, the cost of US crude would be almost double — $51 a barrel more expensive, based on $61 WTI,” Ivan Mathews, head of APAC analysis for Vortexa told Bloomberg. “This makes running US crude uneconomical for Chinese refiners.”

    US crude imports to China will “likely dwindle to zero in the coming months if the current tariff levels stay,” he added.

    Source – Seeking Alpha

  • How to maximize Gold and Silver Investments

    I’ve been fascinated by investment strategies recently, and precious metals have always held a special place in my heart and financial toolkit. Gold and silver aren’t just shiny objects – they’re powerful financial instruments that can transform your investment approach when used strategically.

    Imagine having a financial safety net that not only protects your wealth but potentially grows it during economic uncertainties. That’s exactly what a well-crafted gold and silver investment strategy can do. In this guide, I’ll go over some techniques to maximize your precious metal investments.

    Understanding the Precious Metals Landscape

    Precious metals are more than just alternative investments – they’re economic chameleons that adapt to global financial conditions. Gold and silver have been trusted stores of value for thousands of years, but their modern investment potential is more complex and exciting than ever.

    Many people today are looking at more stability for their investments in case something happens in the digital world that will be hard to recover from. Precious metals is what people are looking for.

    Historical performance tells a fascinating story. During economic downturns, these metals often shine brightest. For instance, during the 2008 financial crisis, gold prices surged by over 200%, while silver demonstrated remarkable resilience. This isn’t coincidence – it’s a testament to their intrinsic value and economic significance.

    Key factors influencing metal prices include:

    • Global economic stability
    • Inflation rates
    • Currency fluctuations
    • Geopolitical tensions
    • Industrial demand
    • Central bank policies

    Diversification Strategies for Precious Metal Portfolios

    Successful investing is about balance, and precious metals are no exception. Think of your investment portfolio like a well-designed recipe – each ingredient plays a crucial role.

    Optimal allocation typically ranges from 5-10% of your total investment portfolio. This sweet spot provides protection without overexposure. Here’s a breakdown of potential allocation strategies:

    • Conservative investors: 5-7% allocation
    • Moderate investors: 7-10% allocation
    • Aggressive investors: 10-15% allocation

    Diversification isn’t just about percentages – it’s about mixing investment vehicles:

    • Physical bullion (coins and bars)
    • ETFs tracking metal prices
    • Mining company stocks
    • Precious metal mutual funds
    • IRA-backed metal investments

    Advanced Buying Strategies

    Timing is everything in precious metal investments. It’s like surfing – you need to read the waves and position yourself perfectly.

    Dollar-cost averaging emerges as a brilliant strategy. Instead of trying to time the market perfectly, you invest a fixed amount regularly. This approach smooths out market volatility and reduces the risk of making a single, poorly-timed large investment.

    Pro tips for smart purchasing:

    • Research reputable dealers
    • Verify authenticity of physical metals
    • Compare pricing across multiple platforms
    • Consider storage and insurance costs
    • Stay informed about market trends

    Investment Vehicles Comparison

    Not all precious metal investments are created equal. Each vehicle offers unique advantages and potential drawbacks.

    Physical Bullion:

    • Pros: Tangible asset, direct ownership
    • Cons: Storage costs, potential liquidity challenges

    ETFs:

    • Pros: Easy trading, no physical storage
    • Cons: Management fees, no physical possession

    Mining Stocks:

    • Pros: Potential for significant returns
    • Cons: Influenced by company performance, not just metal prices

    Tax-Efficient Investment Approaches

    Taxes can significantly impact your investment returns. Smart investors understand how to minimize tax liability while staying completely compliant.

    Key strategies include:

    • Utilizing tax-advantaged retirement accounts
    • Holding investments for more than one year to qualify for long-term capital gains rates
    • Keeping meticulous records of purchases and sales
    • Consulting with a tax professional specializing in alternative investments

    Risk Mitigation and Protection

    No investment is without risk, but precious metals offer unique protection mechanisms. Think of them as financial insurance policies.

    Critical risk management techniques:

    • Never invest more than you can afford to lose
    • Spread investments across different metal types and investment vehicles
    • Regularly rebalance your portfolio
    • Stay informed about global economic indicators
    • Consider professional investment advice

    Future-Proofing Your Precious Metal Investments

    The future of precious metals looks incredibly promising. Emerging technologies, particularly in green energy and electronics, are driving unprecedented demand for silver and gold.

    Technological innovations like advanced solar panels and cutting-edge electronics rely heavily on these metals. This means your investment isn’t just a hedge – it’s potentially positioned for significant growth.

    Conclusion

    Maximizing gold and silver investments isn’t about getting rich overnight. It’s a strategic, patient approach to building financial resilience.

    Your next steps? Start small, stay informed, and continuously educate yourself. The world of precious metal investing is complex but incredibly rewarding.

    Ready to take control of your financial future? Begin your research, consult professionals, and remember – knowledge is your most valuable asset! It doesn’t hurt to ask questions in fact it’s a benefit.

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    ERO Copper stock rating upgraded at TD Securities

    On Wednesday, TD Securities shifted its stance on ERO Copper Corp (ERO:CN) (OTC: ERRPF), raising the stock rating from Hold to Buy, while adjusting the price target to Cdn$23.00, down from the previous Cdn$26.00. The upgrade reflects a change in sentiment based on the company’s current share price and its future growth prospects.

    The analysts at TD Securities anticipate a significant turnaround in free cash flow (FCF) starting in the second quarter of 2025. They project a 95% year-over-year improvement in copper production for the current year, with expectations for continued growth into 2026.

    Source – Investing.com