Helpful information from Nashville Coin & Currency, Inc. (Brentwood, Tennessee), regarding news of the day involving Rare Coins, Currency, Precious Metals and local & national market activities.
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Nashville Coin & Currency, Inc. www.NashvilleCoin.com Our office is located at 213 Overlook Circle, Suite B-1, Brentwood, Tennessee 37027 Our regular office hours are Monday-Friday from 10:00am to 5pm. Due to our frequent nationwide buying trips and our active daily schedule, we work by appointment. Here's a map with our office locations shown, an Overlook Circle closeup map, as well as a view of the office's exterior. Click on an image to see an expanded view of it. The street marquis signage at the office entrance where you turn in is abbreviated for security. It shows: B-1 Mike Mouret NCC Contact us today for your appointment, we look forward to seeing you soon. 213 Overlook Circle, Ste B-1, Brentwood, TN 37027
The European Union Plans to Ban Large Cash Transactions Pictured: €500 Bank Note. €500 notes were withdrawn from circulation in 2019 The European Union is setting the stage to ban Cash transactions of 10,000 Euro or more, in the 25 countries using the Euro Currency. Originally hailed as a method to stop money laundering, but now saying it doesn't work, the previous rule to report Cash transactions of €10,000 or more is being replaced with an outright ban on spending that amount in cash in those countries. For decades, banks, and then businesses, have had to notify the IRS, and in the case of Europe, its European Union version of the IRS, when a person deposited, withdrew or spent $10,000 or more in cash or "cash equivalents", (ie: money orders & cashier's checks under $10,000). Banks we'll even flag your account at much lower amounts, $3,000., to monitor if a person attempts to deposit or withdraw smaller amounts at multiple branches, totaling $10,000...
By Mike Mouret Factors That Affect The Price Of Precious Metals What factors affect the price of the Precious Metals? Gold and Silver market values fluctuate all throughout the day and night, trading worldwide nearly 24 hours a day now. Many economic and political factors influence the physical Gold and Silver market price, known as the SPOT price. Some of the most notable factors include: current and long-term interest rates, the current rate of inflation, Gold & Silver's physical supply and the physical demand for them, speculator/investor purchases and sales, the current value of the US Dollar as a currency, large metals transactions made by Central Banks around the world, and of course, unforeseen events that can rapidly reshape whole economies. The Fed's Monetary Policies. The Federal Reserve is a privately-owned group of banks that controls the U.S. supply of money in the market to keep the economy growing at a pre-selected rate, or contracting when ...
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