Some euros are more equal than others

We have been reporting extensively on the terminal disconnect between the paper gold market, which tumbled ten days ago for a variety of reasons, and the physical gold market which one can safely say, has seen a record surge in demand by those who wish to take advantage of the tumbling prices, depleting inventories of gold and silver in virtually all jurisdictions, and leading to the a record purchase of gold in the US mint a week ago as

The U.S.

By The Financial Lexicon: As I mention in my article, " Record Breaking Sales Of Bullion Coins Continues ," in recent years, sales of silver (SLV) American Eagle (AE) coins from the U.S. Mint have been setting record after record.

The makers of these coins will pay $750,000, per the terms of an FTC settlement.

On the near 100% probability that Germany will not voluntarily give money to Spain, nor will Germany voluntarily modify its trade policies, the choices facing Spain are quite bleak. Michael Pettis, writing for Carnegie Europe describes Spain's unpleasant choices in Spain Will be Forced to Choose. In the great debate over the economy we sometimes forget the simple arithmetic of economic rebalancing. This arithmetic, like it or not, severely limits the options open to Spain.

The non-news of the day is Bernanke says scope for more Fed easing Federal Reserve Chairman Ben Bernanke says there’s room for the central bank to take more action in responding to critical questions from a top lawmaker on Capitol Hill.

Researchers in Indonesia unwittingly identified a new species of owl believed to be unique to the country, raising hopes of further new bird discoveries, a scientist said Thursday. The brown-and-white Rinjani Scops owl was first spotted in 2003 on the island of Lombok, while researchers were looking for another nocturnal bird. It was formally identified by four scientists Wednesday in the online "Plos One" journal.

As we noted earlier this month, the demand for both gold and silver 'physical' coins has been record-breaking as 2013 began. So much so, that now, the US Mint has run out of silver eagles and has suspended sales.