Bitcoin which some investors treated it as digital gold was down more than 50% below its all-time high. It was down 10% again Monday after plunging over the weekend. Bitcoin prices are more than 50% below its record high of nearly USD 69,000 from 2021 and are below USD 31,000 now. Other cryptocurrencies such as Ethereum, Altcoins and Elon Musk’s beloved Dogecoins have been hit hard too.
Thank you for every hug, word of encouragement, and the acts of love you’ve given me.
Happy Mother’s Day 🥰
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Global Markets may still underestimate the impact of China’s strict zero-Covid policy. Until now, nearly 400 million people across the mainland China are under full or partial lockdown.
Investors probably do not aware of this zero-Covid policy as much more attention remains focused on the Russian-Ukraine war and the US Federal Reserve rate hikes.
However, more and more analysts are ringing warning bells as Shanghai, a city of 25 million and one of China’s premiere manufacturing is under the indefinite lockdown. The quarantines left the largest port in the world understaffed. Food supplies stuck in shipping containers, incoming cargo is now stuck at Shanghai marine terminals and cargo airlines were cancelled all flight in and out of the city. Sony, Apple supplier plants, Quanta Factory and Tesla factory in and around Shanghai, are idle.
The impact on China is major and the ripple effect on the global economy is also significant.
The ongoing disruption to manufacturing and shipping in China may help accelerate the US president Joe Biden to reduce US dependence on products and supply chains from China. Some US economic leaders believe that decoupling is underway. However, it is extremely difficult. Globalization is not something that is easy to be reversed because it would be incredibly costly.
The collection of double-incuse Silver Maple Leaf (SML) coin was introduced by Royal Canadian Mint in 2018.
Then, Royal Canadian Mint followed it up with gold- (2019) and black rhodium-plated (2020) versions.
Afterward, the mint took art to all-new depths with the first Super Incuse SML in 2021. While the previous incuse coins had a standard incuse depth of
0.3 mm, thanks to new technology developed by our Research and Development team, on the Super Incuse SML the intricately engraved maple leaf sits 1.5 mm below the coin’s surface – that’s nearly 40% of the coin gauge!
The 2021 version was sold out rapidly in every coin shop. Collectors around the world was so desperate to get one!
The year 2022, Royal Canadian Mint launched 2022 Canadian Super Incuse SML Rose Gilded Proof Silver Coin. And the design is much more beautiful and detailed than the previous version.
The coin’s reverse features Walter Ott’s iconic sugar maple leaf design, unchanged since the first Silver Maple Leaf (SML) bullion coin issued in 1988. The Mint enhanced the revolutionary Super Incuse SML with the addition of selective rose gold plating and maple leaf field pattern on both sides; truly a perfect fusion of modern technology and classic design.
- Mintage: 7,000
- Composition: 99.99% pure silver
- Finish: modified reverse proof
- Weight (g): 32.41
- Diameter (mm): 36
- Edge: serrated
- Certificate: serialized
- Face value: 20 dollars
- Artist: Walter Ott/RCM Engravers
To pay tribute to the Queen of Canada in her Platinum Jubilee year, Royal Canadian Mint presents a numismatic coin – 2022 Canadian Her Majesty Queen Elizabeth II’s Diamond Diadem Matte Proof Silver Coin with Swarovsk.
Year : 2022
Gross Weight : 31.39 g
Diameter ( mm ) : 38 mm
Face Value : $20
Fineness : .9999
Quality : Matte Proof
Mintage : 4500
The Queen’s Coronation took place on 2 June 1953 following her accession on 6 February 1952.
Do you know that Coronation of Queen Elizabeth II in 1953 was very special for the people in the United Kingdom? This was the first Coronation ever to be televised, and it was watched by 27 million people in the UK alone and millions more audiences around the world.
On her way to the Coronation, Queen Elizabeth II wore the George IV State Diadem – this Diadem features roses, shamrocks and thistles with 1,333 diamonds and 169 pearls.
This year 2022, the Queen Elizabeth II is going to her 96 years old. She becomes the first British monarch to reach a Platinum Jubilee. And this few years. The Queen’s health and the future of the UK monarchy is always in spotlight. It makes collectors around the world are now buying items which are related to Queen Elizabeth II and Platinum Jubilee.
Gold and silver futures were sharply down the U.S. trading session Monday while President Joe Biden confirmed Federal Reserve Chairman Jerome Powell for his second term. The precious metals prices were under a huge pressure and selling pressure accelerated overnight.
December gold was last down nearly USD 41.10 at USD 1,810.4 and December Comex Silver was last down USD 0.421 at USD 24.36 per ounce.
Someone argued that another term for Powell was just an excuse for bullions future traders taking profits after recent good price gains. Some analysts believe bullion markets are likely to continue to be supported by the inflation trade and to be sought out as a hedge against rising and even problematic price inflation.
Starry Night which painted by the Dutch post-impressionist Vincent Van Gogh in June 1889 is one of the most famous masterpieces in the art world. The images of the painting are always printed on souvenir everywhere, like coffee cups, mugs, T-shirts, towels, etc.
This painting – Starry Night was painted in 1889 when the artist, Vincent Can Gogh stayed at the asylum of Saint-Paul-de-Mausole. He painted the view from the east-facing window of his asylum room with an imaginary village just before sunrise.
This painting has been in the permanent collection of the Museum of Modern Art in New York City since 1941.
This time, the one of the most recognized painting in Western art – Starry Night was printed on a silver coin and issued by Republique du Tchad. The coin depicted the detailed texture and its typical swirling brushstrokes, the moon and morning stars. The details of the pattern were presented on the coin beautifully. Starry Night fans absolutely won’t miss this collection. Let get this magnificent piece of numismatic coin on your working desk or your showcase in your living room.
Visit https://kitcoasiagift.com/hk/product/9661 for more information.
Gold price is getting back above USD 1,800 per troy ounce. Investors expect it will continue to move higher because it is unlikely the Federal Reserve will be able to fet the inflation under control.
The growth thread of inflation and stagflation are pushing more investors reevaluate their safe-haven hedge and rearrange their investment profolio.
The inflation the year is very different from the last few years. The current inflation is not being driven by consumer demand. Prices go up because of major supply-chain around the world especially the second largest economy, China.
There is nothing the Federal Reserve can do to fix the supply chain as the inflation is on the long side of the track. With gold prices back over USD 1,800 per troy ounce, the market will see bullish momentum very soon.