A question I am frequently asked by both new and experienced buyers of precious metals is just how much of one’s portfolio should be devoted to gold, silver, and rare coins? There is no one-size-fits-all answer to this question. Factors that affect the allocation decision include someone’s current financial position, their amount of liquid assets, […]
Global Economy Gets Closer To The Precipice
It seems apparent to me that, taken in total, the financial news points to a heightened risk of a near term major meltdown in the developed economies. Without going into details, let me just remind you of some of the issues that may be on the brink of exploding: European sovereign debt crises in Greece, […]
Prices Reduced for United States Mint Gold Coins
On Wednesday, July 21, 2010, the United States Mint reduced the prices for available numismatic gold coin offerings. The price decrease follows the recent general decline in the price of gold. Although a few new aspects of the policy were recently revealed, the US Mint generally bases prices on the average London Fix prices from […]
Inefficiencies Cited in US Mint’s Bullion Coin Programs
Testimony delivered during a hearing of the House Subcommittee on Domestic Monetary Policy and Technology on “The State of U.S. Coins and Currency” revealed inefficiencies in the United States Mint’s procurement process for precious metals blanks. These inefficiencies have had a significant impact on the Mint’s ability to efficiently manufacture gold and silver bullion coins. […]
COMEX Silver Inventories Continue To Decline
On June 16, the New York COMEX had a total of 119.5 million ounces of silver in bonded warehouses to cover more than 600 million ounces of open contracts. Since then, there have been significant withdrawals almost every day, despite apparent efforts to scrounge up new silver inventories from elsewhere and also to pressure customers […]
A Recap of Consumer Protection Information for Trading Gold and Silver
When I attended Freedom Fest 2010 in Las Vegas last week, I found attendees far more interested in purchasing physical gold and silver than I have seen at prior Freedom Fests and other such conferences. The questions I was asked indicated that the people asking had been doing some research on the subject, not just […]
Prediction: Obamacare 1099 Provisions Will Lead To Identity Theft Explosion
Public Law 111-148, the Health Care Reform Act, contains a number of revenue raising provisions buried in the back of the legislation. In my judgment, the new IRS Form 1099 requirements found in Section 9006 of this law will have the unintended consequence of leading to an explosion of identity theft! The basic changes to […]
IRS and Government Reporting Requirements for Coin and Bullion Dealers
There is an incredible amount of confusion and disinformation about the extent to which coin dealers are required to obtain customer information to use in submitting reports to the Internal Revenue Service (IRS) or other government agencies. In my judgment, this fogginess is a deliberate marketing ploy by some dealers used to persuade customers away […]
June 2010 US Mint Bullion Sales: Silver Eagles Continue Record Pace
Demand for the United States Mint’s gold and silver bullion coins remained at elevated levels, although sales did back down from the near record amounts achieved in the prior month. During the month, the US Mint had six bullion coin options available. This included the 22 karat American Gold Eagle coins offered in one ounce, […]
A Dose of Clarity
I have a couple of apologies for my readers. There have been some valuable comments posted to some of my recent columns that let me know that I didn’t do as thorough a job of explaining context and providing background on some issues. My proofreaders often get on me about the same issues, but there […]
- « Previous Page
- 1
- …
- 81
- 82
- 83
- 84
- 85
- …
- 93
- Next Page »
