Can a booming “crypto-currency” really compete with conventional cash?

By Tom Simonite

My company, a leading electronics recycler in Ocala, FL, will BUY any and all scrap electronic products such as:

*Pagers
*Pager Parts
*Cell Phones
*Cell Phone Parts
*Cell Phone Batteries, chargers
*Cell Phone Accessories
*Computer Products, Laptops, motherboards, RAM sticks, Finger cards, Hard drive boards, CPU’s etc.

*Recycle Asus Motherboard, asus rampage iii formula, atx motherboard

*Recycle Dialogic Boards, PCI cards, ISA cards, graphic cards, Rhetorex cards, IP boards, PBX Integration Boards, Telecom parts, bus architecture, digitalline, digital line card, expansion cards, ethernet card, t1 channel banks, pri t 1, circuit board components, circuit electronics, corded business phones.

*Recycle Both-Way Trunk Circuit Boards, DID Trunk Circuit Boards, Universal Trunk Circuit Boards, T-1 Circuit Boards, PRI/ISDN Circuit Boards, T-1/PRI Circuit Boards, Tie-Line Circuit Boards, Digital Telephone Circuit Boards, Analog Telephone Circuit Boards, DTMF Circuit Boards, DTMF Circuits, Common Control Circuit Boards, AGP Cards, video cards

*Recycle Video Cards:

EVGA nVidia GeForce GT 220 1 GB DDR3 DVI/HDMI PCI-Express Video Card 01G-P3-1226-LR   EVGA 01G-P3-N959TR GeForce 9500 GT 1GB DDR2 PCI-Express 2.0 Graphics Card   Sapphire Radeon HD5450 512 MB DDR2 VGA/DVI/HDMI PCI-Express Video Card 100291L   EVGA GeForce GTX 580 Superclocked 1536 MB GDDR5 PCI-Express 2.0 Graphics Card with Lifetime Warranty 015-P3-1582-AR   Hauppauge 1196 WinTV HVR-1250 PCI Express Hybrid High Definition TV Tuner Card   PNY GeForce 8400 GS 512 MB PCI Video Graphics Card VCG84512SPPB   XFX Radeon HD 5770 1GB DDR5 PCIE Graphics Card HD577AZNFC   Zotac nVidia GeForce 7200GS 256 MB (512MB TC) DDR2 VGA/DVI/TV-Out PCI-Express Video Card ZT-72SEG7N-HSL   HIS Radeon HD 5570 Silence 1 GB (128bit) DDR3 HDMI DL-DVI (HDCP) PCI Express 2.1 X16 Video Card – Retail (RoHS) H557HR1G   Sapphire Radeon HD4670 1 GB DDR3 VGA/DVI/HDMI PCI-Express Video Card 100256HDMI   EVGA nVidia GeForce 210 512 MB PCI-Express Video Card 512-P3-1212-LR   nvidia geforce 210   geforce 210   geforce graphics cards

Please assist us in keeping the scrap from landfills. We will keep it simple for any electronics manufacturer, wireless company or fundraising program. We will send a truck to your doorstep and pay for shipping.

Please call me and let me know what you have available.

Please send pics and if at all possible the total weight of all the pallets combined.

A $10 HAZMAT fee will be assessed on each TV and CRT/LCD Monitor.

Todd Klimson
1.352.426.2716
http://pagerandcellular.com

Click Image to Enlarge

2001-S PR70 DCAM ANACS Silver Kennedy Half

• Coins are minted in precious metals and have value that lasts forever
• Coins are magnificent works of art and beauty
• Coins are historic and timeless artifacts
• Coins are a wholesome, rewarding and fun activity for the entire family
• Coins are exquisite gifts that are cherished for a lifetime
• Coins are collectible assets and can become a very valuable and cherished family legacy for generations, a priceless family touchstone.

Everybody collects something, shouldn’t it be assets? Of course! Collecting assets instead of debt, trinkets or other stuff just makes good sense, and it’s fun and rewarding.

At Numis Network we understand that although our product has obvious value and provides a lifetime of enjoyment, some people may be a little apprehensive about doing something unfamiliar. It’s not unusual to have a little bit of fear when starting something new.

A natural question many people have is “What will these coins be worth in 5 years?” Because we love coins so much and we believe they will become priceless treasures enjoyed by you and your family, we don’t want anything to hold you back from building your own valuable collection.

With our revolutionary Five Year 100% Buy Back Guarantee we’ve taken any fear or hesitation out of building your own personal collection of the World’s most beautiful graded silver coins through our exclusive Silver Coin of the Month Club.

Think about this.

Do you know of any other product or collectible that you can own, enjoy, use, share and display for 5 years, then return to the merchant for 100% of the original purchase price? That’s unheard of!

The Industry’s BEST and ONLY Buy Back Guarantee:
Numis Network guarantees to buy back any coin purchased through our Silver Coin of the Month Club, in 5 years, for 100% of the original purchase price!

Here’s how it works:

• Within 120 days following the 5 year anniversary date of the purchase, the original purchaser may return eligible coins to Numis Network and we will buy those coins back at 100% of their original purchase price.
• Buy Back Guarantee applies exclusively to coins purchased through the Silver Coin of the Month Club program, not including shipping or taxes.
• Buy Back Guarantee applies exclusively to the original purchaser of the coins.
• Any eligible coins returned for Buy Back must be in original, resalable condition.
• Coins with damaged slabs are not resalable.
• Eligible coins must be submitted for Buy Back with a completed Buy Back Submission Form and Buy Back Authorization Number (BBAN). Call (866) 920-1080 for a BBAN prior to returning coins.
• Coins must be returned to Numis Network via trackable shipping service.
• Numis will issue a check for the Buy Back amount within 15 days of receipt of the returned coin.

Call for details 1.352.426.2716 or visit http://numis1.com/tklimson

An international project that will try to track discarded mobile phones, TVs and other e-waste coming from the U.S. has been launched to help to help recycle materials including gold and rare earths, as well as to protect human health, according to a report from Reuters.

Many electronic items end up cluttering up homes when they break or become obsolete. Some of these items end up being shipped abroad for recycling. Others find their way into the municipal waste stream and vanish into landfills or are incinerated, releasing toxins.

Only about 10% to 15% are recycled properly according to Ruediger Kuehr, executive secretary of Solving the E-Waste Problem (StEP), a project led by the U.N. University that works with firms such as Dell and Nokia.

“Tracking flows around the world … is fundamental to work out solutions,” he told Reuters, adding that $2.5 million in new funds over five years announced would be made available by the U.S. Environmental Protection Agency (EPA) to help track U.S. electronic waste.

The project will work with port officials in West Africa and Asia to try to estimate flows of everything from flat screen televisions to computers sent to developing nations for repair or recycling. Health laws in such nations are often lax.

It will also seek to harmonise “international efforts, including research, tracking, data collection, analysis and information sharing”, StEP and the EPA said.

“Electronics is the fastest growing waste stream in the United States,” Stephanie Adrian of the EPA told Reuters. She said that just under half U.S. states have takeback laws obliging manufacturers to recycle.

High gold price

“We don’t have enough information,” about where electronics end up, Adrian told Reuters. “The U.S. and the European Union are trying hard to better assess what our own volumes are.”

High prices for metals, with gold above $1500 an ounce and with worries about Chinese dominance of supplies of rare earths, make recycling more attractive.

One million cellphones can yield 24 kg (53 lb) of gold, 250 kg of silver, 9 kg of palladium and more than 9 tonnes of copper, according experts quoted by the Bonn-based StEP.

In 2006, about a billion cellphone were sold worldwide.

“If you ask your friends how many mobile phones they have in their drawers at home you will easily have rather impressive numbers,” Kuehr said.

In November 2010, U.S. President Barack Obama urged more focus on electronic waste. “Most discarded consumer electronics end up in our landfills or are exported abroad, creating potential health and environmental hazards and representing a lost opportunity to recover valuable resources such as rare earth minerals,” he said.

In the UK undercover investigations have revealed the extent to which illegal e-waste smugglers have penetrated the waste stream at every level. The full report can be read HERE

We recycle cell phones, disposal of computer scrap, IT disposal, telecom scrap, telephony cards, dialogic boards, and voice cards.

Call for quantity pricing.  1.352.502.4449

The recent lower gold prices, with the spot dipping below $1,500 on multiple occasions in the past week, have stimulated demand for the yellow metal. This has occurred even as demand for physical silver has lagged in the past few trading days.

In the first two weeks of May, the U.S. Mint sold 85,000 ounces of gold American Eagles. If this pace continues, the Mint would sell more gold Eagles in May than in any month since July 2010. On May 13, Rand Refinery Ltd, the manufacturer of the Krugerrand, stated that their monthly sales were headed for their highest volume month since August 2010.

Buy Gold & Silver Coins

This rise in demand is being echoed by major gold vendors worldwide. UBS AG, Switzerland’s largest bank, reported that on May 9 it had its second highest sales of physical gold for any day thus far in 2011. Ross Norman, the CEO of London-based bullion brokerage Sharps, Pixley Ltd. said, “What drives people towards physical metal, as opposed to ETF or futures, is fundamental insecurity. It’s like safe haven in extremis.”

2011 U.S. Coin Digest: Gold Coins In this single source you get the entire section of gold coins, from 2012 U.S. Coin Digest. Get your download today!

On May 16, Bloomberg reported the results of a survey of 31 analysts, traders, and investors. The survey respondents predicted an average gold price at December 31, 2011, of $1,750, and even higher prices in 2012. For instance, Martin Murenbeeld, the chief economist at DundeeWealth, Inc. in Toronto stated, “There is no sign that gold has peaked. We’re going to find that the U.S. economy is not very strong. A low interest rate environment will remain for possibly all of 2012. The dollar will go down.”

Baryam Dincer, a Swiss analyst at LGT Capital Management asserted that even though some have exited gold exchange traded funds leading to some current price drops, part of the funds have been redirected to the purchase of physical gold.

Some of the fall in gold prices over the past few days can be attributable to the temporary strength of the U.S. dollar. The dollar has benefited from the sudden decline in the value of the euro. The price of gold in euro terms is virtually unchanged over the past week.

The dollar may also have increased in the past week because the U.S. government is posturing that it will magically stop inflating the money supply when the Quantitative Easing 2 program concludes at the end of June. If this were to actually occur, that would indeed lead to a higher dollar value. However, this posturing is simply that. U.S. government officials cannot afford to risk suddenly destroying U.S. jobs and depriving companies of liquidity. I am confident that the feds will bow to the inevitable political pressure and continue inflating the money supply, even though I expect them to still pretend that it is only “temporary.” Most politicians will choose to destroy the U.S. economy more slowly through inflating the money supply rather than quickly clobbering the economy by ending the inflation.

I have another theory in the rise in demand for gold. Gold and silver have both risen against the value of the U.S. dollar for the past 10 years. Because silver is a much smaller market, currently only about 10 percent of the size of gold trading, silver’s price has been more volatile – in both directions. Silver had increased so much that the gold/silver ratio had fallen all the way from 80 a few years ago to near 30 in late April. By itself, the low gold/silver ratio influenced some investors more towards making new purchases of gold rather than silver. On top of this, when prices began their recent decline, silver fell by a greater percentage. I think the relative strength and stability of gold prices compared to silver over the past few weeks has also encouraged more interest in the yellow metal – at the expense of silver.

Supplies of fractional-sized U.S. gold Eagles have become a bit spotty over the past month. While they are available, it may take a couple of weeks to actually receive them. Generally most all other bullion-priced gold coins and ingots are readily available for short term delivery.

There are still significant supply shortages of silver products such as silver American Eagles, Canadian silver Maple Leaves and 1- and 10-ounce silver ingots. It is possible that the slowdown in demand for physical silver in the past few days may help shorten future delivery times on such products from their current roughly four weeks. You can still get other forms such as U.S. 90 percent silver coins for ready delivery.

It is typical that the prices of classic U.S. gold coins react more slowly than do the prices of bullion-related coins and ingots. In the past few days, wholesalers have dropped their bids to purchase common-date classic U.S. gold coins. For instance, on May 17 a major wholesaler was bidding 3.5 percent above gold value for brilliant uncirculated $20 Liberties. It might be worth checking around to see if there are any bargains to be found in these pre-1934 dated coins. When gold and silver prices first dropped in April, I anticipated that they might recover in as little as two weeks. It now seems obvious to me that the U.S. government has instructed its trading partners to not allow the price of silver to approach anywhere near to $50. Apparently the feds have drawn a temporary battle line at $40.

Even though demand for physical silver has tapered off in the United States, it is still extraordinarily strong in India and China, two of the world’s largest consuming nations. In India, demand soared going back at least seven weeks, before the price came down. These buyers considered silver to be a good value when the price was in the high $40s. Today, for the more than two billion residents of this planet, silver looks like a screaming bargain at prices in the $30s.

When you add this short-term surge in demand for physical silver to the multitude of long-term reasons to be concerned about the U.S. economy and the value of the U.S. dollar, I don’t expect the price of silver to stay this low indefinitely. Using past experience as a guide, the continuing strong demand for physical silver will eventually overcome all the tricks and gimmicks that can be used to suppress the prices. At the longest, we may have to wait until September to see the price finally break $50. It could happen much sooner.

Patrick A. Heller owns Liberty Coin Service and Premier Coins & Collectibles in Lansing, Mich., and writes “Liberty’s Outlook,” a monthly newsletter on rare coins and precious metals subjects. Past newsletter issues can be viewed at http://www.libertycoinservice.com. Other commentaries are available at CoinUpdate (http://www.coinupdate.com). He also writes a bi-monthly column on collectibles for “The Greater Lansing Business Monthly” (http://www.lansingbusinessmonthly.com/articles/department-columns). His radio show “Things You ‘Know’ That Just Aren’t So, And Important News You Need To Know” can be heard at 8:45 a.m. Wednesday mornings on 1320-AM WILS in Lansing (which streams live and becomes part of the audio and text archives posted at http://www.1320wils.com.)

COLUMBIA (WACH) — South Carolina lawmakers are proposing a bill that would give the state another form of legal tender.

Sen. David Thomas, a Republican from Greenville, wants to make gold and silver coins another option in the Palmetto State.  Lawmakers are calling it the Sound Money Legislation.

“I’m no financial expert but am I smart enough to know that you can’t keep printing money when it has no backing,” says SC Republican Representative Mac Toole.

Thomas also wants a special joint committee to study the need and process for establishing an alternate currency.  Read the entire bill here.

“For those of you who think this is a way to re-establish secession, the bill was passed in Utah and it’s currently law there,” SC Republican Representative Mike Pitts.

A similar bill has been introduced in the House.  Both bills have been referred to committee.

“Sound money is fundamental money that has maintained its purchasing power over a very long time. Why does it do that? Because it has intrinsic inherent value. The piece of paper doesn’t have intrinsic value,” says Dr. Steve Isom, South Carolina Sound Money.

The group SoundMoney.com gathered at the State House for a press conference Wednesday morning.  Rep. Michael Pitts, one of the House bill sponsors, was on hand along with Sound Money Chairman Dr. Steve Isom.

The sponsors explain sound money holds its purchasing power over long periods of time.  Proponents also say the additional tender would help protect the state’s financial situation in a failing economy, which is the reason they want to get back to the Gold Standard and get rid of the Federal Reserve.

But some disagree with this legislation.

Two local jewelers tell WACH Fox they’re not sure how possible this alternative currency would be because they say the price of gold and silver fluctuates and that the commodity market is too volatile.