Tag Archives: silver

Koala Opal Silver Proof Coin

Koala Opal Silver Proof Coin

The Perth Mint has released the very unique Koala Opal coin.

The coin is in a display case, a light turns on when the case is opened representing the moon shining down on the nocturnal koala.  The 1 oz silver and opal coin is accompanied by a colourful, beautifully designed packing box.  The Opal pieces are put together in the shape of a Koala in a tree.

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New Coin Releases – Must Have

Perth Mint

On the 2nd March the Perth Mint plans to release among others

  • 2012 Titanic 1 oz Silver Proof
  • 2012 Dragon 1 oz High Relief Proof Coin

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India to pay gold instead of dollars for Iranian oil


Oil

The first report of the diminishing role of paper or fiat currencies I have seen for a while, at least, and it comes from the well connected DEBKAfile

DEBKAfile goes on to say ‘India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar.   China is expected to follow suit.  India and China take about one million barrels per day, or 40 percent of Iran’s total exports of 2.5 million bpd. Both are superpowers in terms of gold assets.’
 
With China and India opting out of the US led European sanctions against Iran’s international oil and financial business the consequences for gold and silver will be interesting to say the least

Reports have been circulating some time now for oil to be paid in gold instead of US dollars, Gadaffi also proposed such a scheme but this is the first time a reliable source has come up with solid practical information.

It makes the case for having a few coins in gold or silver an increasingly good idea.