Coin Collecting News
Yesterday, the United States Mint reduced price levels for numismatic gold and platinum products. For the single platinum product, the newly effective price represents the lowest in place during the course of the offering. The US Mint uses a flexible pricing policy for numismatic gold and platinum products, which allows adjustments to be made as [...]
The politicians in Europe, the US, and elsewhere are facing financial problems so bad that, in my judgment, they are long past the point of no return. That means that there is no easy or comfortable way to undo the existing market distortions and adopt sensible long-lasting solutions. Some kind of financial catastrophe is inevitable. [...]
Prices for the United States Mint’s numismatic gold products have been reduced based on the lower weekly average market price of gold. The impacted products include the 2011 Proof Gold Eagles, 2011 Proof Gold Buffalo, proof and uncirculated First Spouse Gold Coins, and the 2011 gold commemorative coins. The US Mint utilizes a flexible pricing [...]
On November 30, the major governments, central banks, and major multinational banks blatantly declared war against the people of the world! By my analysis, the US government is the ringleader. No matter how I look at the events, I just cannot come to any other conclusion. I think there were two triggering events. First, on [...]
For November 2011, sales of the United States Mint’s most popular gold and silver bullion coins fell to their lowest monthly levels in years. This perpetuates a slow down in bullion sales that began in the previous month Sales of the one ounce American Silver Eagle bullion coins were 1,384,000 for November. This is down [...]
A good case can be made that global finances suffered its worst Thanksgiving week since 1932. The Standard & Poor’s 500 fell 4.7% last week, which is its worst performance for this special week in the last 79 years. The Dow Jones Industrial Average fell by 4.85%, which was not a record result for Thanksgiving [...]
The United States Mint has reduced the prices of various numismatic gold coin product offerings, effective earlier this week on November 23, 2011. Frequent changes have been norm for most of the year, amidst volatility in precious metals prices. This is the eighteenth weekly pricing adjustment for the year. The Mint uses a flexible pricing [...]
“I think we have maybe a few months, it could be weeks, it could be days, before there is a material risk of a fundamentally unnecessary default by a country like Spain or Italy, which would be a financial catastrophe dragging the European banking system and North America with it.” –Willem Buiter, Chief Economist at [...]
FSB. SIFI. These are two acronyms that almost no member of the public would recognize. However, the entities that they identify will have more impact on your financial wealth over the next few months than almost any other entities you have heard about. The FSB is the Financial Stability Board. It was established in April [...]
The Blessings of Gold and Silver
On August 6, 1973, the US prime interest rate increased to 9%, the highest level since at least 1947. I was working two jobs before my senior year in college. At the time, in my relatively inexperienced naiveté, I thought that the world economy would collapse. It did, but it didn’t. The Dow Jones Industrial [...]