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Debt Denial

February 9, 2011 by
debt crisis

The recent astounding debt crisis is now beyond economics; it is more complicated now with figures casting an impending catastrophe. Moving on, the debt plague takes precedence over elections or policies, predicting hard outcomes. A time will come when the real debt is not affected by growth and taxes; it cannot be covered up easily. Debt comprises contingent liabilities and bonds; in the US, it is translated as social security, housing obligations and health-care which is costing the nation more than $60 trillion. This figure does not include state pension obligations that are unfunded but … [Read more...]

Filed Under: Gold Market Tagged With:

The Story of the Double Eagle

February 9, 2011 by
american double eagle

The $20 Double Eagle gold coin is not familiar to most Americans; this coin was minted between 1850 and 1933. The Double Eagle was minted soon after California gold rush and supplanted the $10 gold coins, called the Eagle as the largest denomination. Smaller denominations like the $2.50 Quarter Eagle and the $5 Half Eagle were also minted. The $20 Double Eagle came on the scene in 1850 as a larger coin. When the U.S. Mint introduced a gold bullion coin program in 1986, the American Gold Eagle was a popular piece for collection. The gold bullion dollar denominations were no longer … [Read more...]

Filed Under: Gold Bullion Tagged With: ,

U.N. calls for Dollar replacement from international standard

February 9, 2011 by
un_gold

The U.N. Department of Economic and Social Affairs commented in a recent report that the US dollar is unreliable to serve as an international currency; a more reliable and stable unit should replace the US dollar. This comment was brought forth after the fall of the US economy in the recent recession as the dollar was viewed with concern as the international trade currency. The UN report commented that the US dollar is not as stable as it needs to be as an international reserve currency. It was proven as an unstable storage of value that can affect international trade. A lot of … [Read more...]

Filed Under: Gold Market Tagged With: ,

Buying Gold Coins: What You Should Know About Gold Prices

February 9, 2011 by
gold us dollar

The price of gold increased by 6% during the third quarter of 2010, as reported by US Mint. This surge stemmed from the increased demand of bullion gold and gold coin of 5% in September. The US dollar’s decline also boosted gold investment. Hedge funds also played a part in boosting the gold coins’ prices. It was suggested that the US Mint had trouble keeping up with the production of gold coins and bullion gold due to the increasing gold demand. The 24-karat American Gold Buffalo and the Canadian Gold Maple Leaf coins were the market’s favorite for the third quarter. Understanding … [Read more...]

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Status of the Popular US Mint Gold Coins

February 9, 2011 by
buffalo_gold_coins

The US Mint produced gold coins mainly for the country’s commercial market and trading. The US Mint was established when Congress enacted the 1792 Coinage Act, with its first issue of gold coins in 1795. Specifications of these gold coins change over time with the stock market, interest rates, supply and demand factors influencing their availability and pricing. 1 oz. Buffalo Gold Coins The American Gold Buffalo is one of the US gold coins whose demand exceeds its supply. Its popular 1oz. gold piece is not available from the US Mint with no track of its inventory. The American Gold … [Read more...]

Filed Under: Rare Gold Coins Tagged With: , ,