Old US gold coins should be gold investors first choices because they now sell at premiums comparable to 1-oz American Gold Eagles. Historically, old US gold coins have carried huge premiums, sometimes as high as 40%. Now, they’re selling at 4% to 6% premiums over the value of their gold content. As this precious metals
For only the second time in 44 years, I’m recommending old US gold coins. The other time was in the 1990s. $20 Libertys and St. Gaudens now are priced competitively with 1-oz American Gold Eagles, the world’s most popular gold bullion coins. This in on a per ounce basis! The better grade coins carry slightly
Early last Monday morning, burglars broke into Berlin’s Bode Museum and stole a 100-kilogram [221-pound (avoirdupois)] .99999 fine Gold Maple Leaf with a face value of C$1,000,000. However, the C$1 million face value was nominal. The coin’s gold value was right at $4 million.
Just looking at the increased number of “HELP WANTED” signs hanging in business windows and the rising prices on restaurant menus, I suspected that inflationary pressures were building. Then I validated my suspicions by looking at Bureau of Labor Statistics data.
Central banks to the rescue Just as the world’s central banks moved to rescue the banking system during the 2008 World Financial Crisis, they are now moving to rescue gold and silver investors, albeit the central banks are not rescuing gold/silver investors wittingly. Nonetheless, they are doing it just the same.
I’m not fond of recommending videos, especially long videos. However, this video interview of David Stockman, Budget Director during the Reagan Administration, is well worth the time. Stockman reminds us of problems and developments that are being ignored. For example, Obama and Congress made a deal years ago to suspend the debt limit until March
At the height of the 2008 World Financial Crisis, Greece was in the headlines daily because of its inability to make its debt payments. Now, Greece is seeking a third bailout of €30 to €50 billion, and it’s barely in the news.
Financial analysts continue to be enthusiastic about the Dow topping 20,000, so much so that if you watch TV enough you might think that it is given that it will happen. But, will it?
The Dow Industrials approaching 20,000 is all the rage on financial channels. Most commentators seem to be more cheerleaders than news reporters. I wonder if their optimism about higher stock prices is misplaced.
There is a movement underway to convince Republican members of the Electoral College to switch their votes away from Donald Trump to get someone else installed as president. The preferred “other person” that would most please the backers of this movement would be Hillary Clinton. Still, the Trump detractors would be satisfied with just about