ICTA - Your Industry Watchdog | News
Whitman Coin & Collectibles Expos Forced to Cancel November Event

Whitman Coin & Collectibles Expo bourseThe Whitman Coin & Collectibles Expo scheduled for November 12–14, 2020, has been forced to move from the Baltimore Convention Center by Maryland’s ongoing mitigation of the COVID-19 coronavirus pandemic.

Maryland’s COVID-19 mitigation strategies include restricting public access to state buildings, including the Baltimore Convention Center, and controlling the size of public events.

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Former Loomis Head Joins Dillon Gage

Dillon Gage, the world leader in precious metals trading and technology, announces the appointment of Joe De Rosa to serve as managing director for the International Depository Services Group – Global, also known as IDS, and senior vice president of Dillon Gage Logistics and Distribution. The International Depository Services Group includes IDS Texas in Dallas, IDS Delaware in New Castle and IDS Canada in Mississauga, Ontario.

De Rosa joins Dillon Gage Metals with a wealth of knowledge and expertise in transporting currencies and precious metals globally. He brings over 15 years of experience in the international valuable logistics industry combined with a background in risk management, business planning and development.

“Gaining a talent of Joe’s merit is a huge win for our organization,” said Terry Hanlon, president of Dillon Gage. “Joe is seasoned in all aspects of logistics and is geared to drive business growth and product development. His accomplished experience with risk management and business planning make him a perfect fit for Dillon Gage.”

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“Stay at Home” Applies to Coin Dealers
Tuesday, March 24, 2020 03:46 PM

COVID-19ICTA has been contacted by many members who are requesting information on whether dealers may be exempt from “stay at home” orders, based upon the dealer inclusion in Section 352 of the Patriot Act.

ICTA’s executive director, Jimmy Hayes, was an author of the Louisiana Bank Code and a former commissioner of financial institutions. Under Jimmy’s guidance we are advising dealers that “stay at home” executive orders from governors and mayors are currently being issued under their state-authorized powers.  It is essential for each dealer to determine what their own state or city has issued and carefully read the exemption language.

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Bullion and Coin Sales-Tax Exemption Successfully Defended Again in Maryland

Repeal attempt fails in committee after opposition by Whitman Expos, ICTA, Visit Baltimore

The Maryland House of Delegates’ Ways and Means Committee stopped a proposed repeal to the state sales tax exemption for certain coin and bullion sales on Wednesday, March 11, 2020. The committee’s Unfavorable Report on House Bill (HB) 1284 came after opposition from Whitman Coin & Collectibles Expo, the Industry Council for Tangible Assets, and Visit Baltimore.

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Dillon Gage Explains Coronavirus Impacts on Gold

Gold rising graphICTA member Dillon Gage explains why the coronavirus epidemic ravaging China may send gold futures prices to 7-year record highs above $1,700 an ounce and up.

Gold is considered a safe-haven asset, attracting investors around the world in times of economic or geopolitical uncertainty. But it’s also a commodity that has physical form, and China is the world’s fastest-growing market for physical gold.

This duality has created a tug-of-war in the gold market since the start of the year, with bulls putting money into gold as a safety net, while many of the usual physical buyers in China dwindle because of disease-imposed restrictions on travel, work and movement.

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