History behind the Gold American Eagle Coins have been minted in the United States for hundreds of years, and from 1795 to 1933 gold coins were struck and used as money on a daily basis. Gold coins were limited in their quantity; they came in several different series and designs, they vary from as low as $1 dollar all the way up to $20 (face value). President Roosevelt held a confiscation in 1933 and recalled all gold coins from public circulation. Once these coins were collected the Treasury Department melted them. Fort Knox Kentucky holds a huge amount of 400-ounce gold bricks … [Read more...]
Will The Federal Government Face the Same Cash Crisis as California?
August 16, 2012 by
A recent letter from State Controller John Chiang stated that lawmakers in California were stunned when they came to find out recently that tax collections were not moving at the same rate as existing budget amounts, which could possibly cause the state to go broke sometime in the near future. Chiang said, “state receipts were $2.6 billion lower than forecast through December 31st, while expenditures were the same amount or higher.” This is pushing many Californians to seek out the best place to buy silver coins, out of fear for their assets. It brings back memories of the 2009 … [Read more...]
The Majority of Americans Choose Gold
August 16, 2012 by
The latest CNBC All-American Economic Survey shows investors to believe that gold is the “best investment,” better than real estate or stocks. There is a lot of liking towards the shiny yellow metal. Seemingly there are no limits to this metal, from geographic regions, income levels and political parties. According to pollster Jay Campbell of Hart Research who ran the poll survey for CNBC “Gold has taken over perceptions across the public as being a good investment. If not first, gold comes in as a very close second among investors.” The poll indicates that gold is the “best … [Read more...]
The Economy is Prone to Accidents
August 16, 2012 by
An article from the International Monetary Fund recently said that Europe is facing a financial crisis that has started a “dangerous new stage” and has the possibility of paralyzing global economic growth even with the best of circumstances. Things are only looking worse for Europe with warnings of more instability in the near future causing a breakdown in lending, investment and production that would bring forth a brutal recession in Europe, in contrast of what the IMF is expecting which is a mild recession. According to the current World Economic Outlook released by the … [Read more...]
Why are Semi-Numismatic Coins and Silver Coins Favorable to Investors?
August 16, 2012 by
In order to give you a good understanding let me first give you the definition of numismatic. Wikipedia defines it as the study or collection of currency, including coins, tokens, paper money, and related objects. The government would say that numismatic is gold coins having a recognized special value to collectors. When obtaining gold coins for your portfolio the Governments definition is the one to keep in mind. It also directs you to know which coins are subject to confiscation and which ones are not. This brings us to the guiding question of this article. There are people in the coin … [Read more...]
What Should I Know About Investing in Gold?
July 11, 2012 by
Physical gold and paper gold are two ways you can invest in gold and there are several ways to go about doing this. Your goals, objectives, and time frames will determine what type of gold you will want to acquire. This is the beginning of the process. A precious metals firm can give you guidance and knowledge that will help you determine the best fit for your needs, especially when buying gold and silver online. The only difficult part about speaking with a consultant is that usually if one sells paper gold they do not sell physical gold and vice versa. A gold ETF (Exchange Traded Fund) … [Read more...]
Gold as another Option to the US Dollar
June 15, 2012 by
A lot of worry is going on across the world about the dollar being frail and that it is going to be coming across some hard times. There is good reason for the worry because in the past when the government has driven money out into the market place it has caused inflation, and over the last 18 months the government has printed 2.5 times our money supply. If we look back in time we will see where the over printing of money has created a loss in its value followed by a collapse. A well-known example of a time where this occurred was from 1919 to 1923 in Germany where gold went from 170 Deutsche … [Read more...]
Financial Combat
June 15, 2012 by
We are currently in a time where purchasing and investing in gold coins and bars are something everyone should consider doing. Each month in dealing with the slow economy and the deficits our government is relying on the borrowing of more money and the printing of fiat currency via the Federal Reserve. Money saved becomes devalued as each dollar printed lessens the value of those already in the system, not to mention the lowest interest rates on savings in history. According to the Federal Reserve the inflation rate has been low and they are planning on attaining increased rates in the … [Read more...]
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