SV has heard through the grapevine that NTR Metals & Ohio Precious Metals have strategically merged as of last week.
According to NTR’s website, NTR is a global company refining over 30 million pounds of metal each year. They are involved in commercial refining, industrial recycling and refining, precious metals market making, and bullion minting.
Ohio Precious Metals was founded more than 35 years ago and refine gold, silver, platinum and palladium. OPM receives their materials from jewelry, pawn, coin, photographic, electronic, secondary refining/collecting and banking industries.
According to an anonymous source, the two companies have merged. Further details are currently unavailable. READ ON!
Showing posts with label gold. Show all posts
Showing posts with label gold. Show all posts
Monday, 9 April 2012
Thursday, 5 April 2012
Demonetization of Silver, An Act of War & The Consolidation of the United States by J.P. Morgan
History is just that: HIS-STORY. It is a play conjured by entrenched interests who have time and history on their side. The macro-events of daily life are not the effect of democratic processes or chance, but, instead, the execution of all things by powers-that-be, with 24 hour think-tanks and the bloodline of civilization, rule of money, to their advantage.
The 1873 Coinage Act listed all the coins to be minted under the legislation. It omitted the silver dollar, and because there was much demand for silver beyond monetary, as well as its strength through tradition, not much was changed – at first.
The act was sprung from London. As silver was demonetized in France, England and Holland in 1872, capital—approximately $500,000—was raised so that Ernest Seyd could head to United States, as an agent of foreign bond holders, finance capitalists and elitists centered on the Rothschild Empire, to achieve the same: the demonetization of silver. This was stated in the Congressional Globe of April 9, 1872, page 2304:
Ernest Seyd of London, a distinguished writer and bullionist, who is now here, has given great attention to the subject of mint and coinage. After having examined the first draft of this bill (for the demonetization of silver) he made various sensible suggestions, which the committee adopted and embodied in the bill.
Injury inflicted upon the people of the United States as silver was demonetized was critical. What ensued in the form of The Panic of 1873 represented one of the most disastrous episodes in U.S history. The years of 1873 until silver remonetization in 1878 brought bankruptcies and financial disaster to millions. The economic distress, as concluded by prominent statesmen of the time, and many analysts since, was caused by “the shrinkage in the volume of money.”
This was an effect of the departing of a flexible bimetallic standard in favor of a monometallic standard, a gold standard.
For background, throughout most the course of American history, leading up to the demonetization of silver in the year 1873, the dollar was defined in monetary context as composed of either 22.5 grains of gold or 270 grains of silver. This meant that, in practice, the legal price of silver in comparison with gold was 16 ounces of silver to 1 ounce of gold. Read on
The 1873 Coinage Act listed all the coins to be minted under the legislation. It omitted the silver dollar, and because there was much demand for silver beyond monetary, as well as its strength through tradition, not much was changed – at first.
The act was sprung from London. As silver was demonetized in France, England and Holland in 1872, capital—approximately $500,000—was raised so that Ernest Seyd could head to United States, as an agent of foreign bond holders, finance capitalists and elitists centered on the Rothschild Empire, to achieve the same: the demonetization of silver. This was stated in the Congressional Globe of April 9, 1872, page 2304:
Ernest Seyd of London, a distinguished writer and bullionist, who is now here, has given great attention to the subject of mint and coinage. After having examined the first draft of this bill (for the demonetization of silver) he made various sensible suggestions, which the committee adopted and embodied in the bill.
Injury inflicted upon the people of the United States as silver was demonetized was critical. What ensued in the form of The Panic of 1873 represented one of the most disastrous episodes in U.S history. The years of 1873 until silver remonetization in 1878 brought bankruptcies and financial disaster to millions. The economic distress, as concluded by prominent statesmen of the time, and many analysts since, was caused by “the shrinkage in the volume of money.”
This was an effect of the departing of a flexible bimetallic standard in favor of a monometallic standard, a gold standard.
For background, throughout most the course of American history, leading up to the demonetization of silver in the year 1873, the dollar was defined in monetary context as composed of either 22.5 grains of gold or 270 grains of silver. This meant that, in practice, the legal price of silver in comparison with gold was 16 ounces of silver to 1 ounce of gold. Read on
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