Entries by Bron Suchecki

Monetary Metals Closes Insured Gold Financing at 4.5%

Monetary Metals Fourth Lease to Scottsdale Precious Metals Prices 1% Lower Scottsdale, Ariz, May 9, 2018—Monetary Metals announces that its recent gold financing of Scottsdale Precious Metals priced at a gross interest rate of 4.5%, a full percentage point lower than previous deals. This is the first one covered by Monetary Metals’ new insurance. Rates […]

Scottsdale Precious Metals Lease #5 (Silver)

Scottsdale Precious Metals purchases high-quality vintage and new jewelry for resale online and through other channels. Monetary Metals’ lessors are financing additional inventory to grow Scottsdale Precious Metals’ business. This lease deal is a continuation of Lease #2 with additional ounces to fund business expansion. Metal: Silver Commencement Date: May 25, 2018 Duration: 372 days, […]

Scottsdale Precious Metals Lease #4 (Gold)

Scottsdale Precious Metals purchases high-quality vintage and new jewelry for resale online and through other channels. Monetary Metals’ lessors are financing additional inventory to grow Scottsdale Precious Metals’ business. This lease deal is a continuation/roll of Lease #1 with additional ounces to fund business expansion. Metal: Gold Commencement Date: May 4, 2018 Duration: 393 days, […]

Prohibition on Home Storage of Bullion in an IRA

The Industry Council for Tangible Assets (ICTA), the voice of rare-coin and precious-metals dealers in Washington, has released a white paper cautioning against home storage of bullion in an IRA. It appears some bullion dealers have been promoting a structure whereby an IRA owner sets up a self-managed limited-liability company (referred as a “Checkbook LLC”) […]

Valaurum Lease #2 (Gold)

Valaurum, Inc. was created to make precious metal ownership and investment available to all people. Its primary product is the Aurum®, a thin layer of gold or other precious metal sandwiched between layers of protective polyester, containing precisely 1/4, 1/10 or 1/20 gram of pure 24K gold and featuring industry-leading anti-counterfeiting technology. This deal renewed […]

Bitcoin, Postmodern Money

In the articles below, Keith Weiner covers many of the reasons why bitcoin is unsound and not money and rather the very model of a (post)modern monetary marvel. Bitcoin: What is it Good For? revisits the volatility aspect of bitcoin and addresses the reasons it serves neither the savers, nor the borrowers in our economy. […]