American Silver Eagle’s Value Soars
By Paul Tracy NEW YORK (StreetAuthority) – Demand is soaring nearly out of control. Investors can’t get enough silver bullion. The most popular form of silver bullion is the American Silver Eagle. The coin contains one ounce of pure (99.9%) silver. It has a face value of $1, but right now that single troy ounce of silver is worth $32. For years now, the United States Mint has been striking these coins as fast as they can. The U.S. Mint facility in West Point, New York, has been solely responsible for minting these coins since 2001....
read moreWhat are you teaching your kids?
I had a little piggy bank when I was kid. It was blue. And ceramic. In fact, I think I broke its nose off at one point and I was really sad about it. Most of all I remember loving the sound that the coins made when I dropped a new one inside. That unmistakable chink spoke volumes to me. It reinforced my responsible behavior, and it encouraged me to keep saving. This is something I’ve carried with me for my entire life. Today things are different. Central bankers have proven that conventional savers are mere patsies to be taken advantage...
read moreU.S. Mint halts sales of gold collector coins
* Suspension comes as gold prices reach record level * Affects numismatic collector coins, not bullion coins MIAMI, Aug 9 (Reuters) – A spike in gold prices prompted the U.S. Mint to suspend the online sale of gold collector coins on Tuesday for the first time in recent memory, a mint spokesman said. The move affects only the gold numismatic products sold to collectors and not the gold bullion coins sold to investors, Mint spokesman Mike White said from Washington. Sales were suspended at midday for re-pricing, which was expected to be...
read moreRon Paul’s Case for Gold
Foreword to the second edition of The Case for Gold (2011) This country had the chance to avoid the disastrous meltdown of 2008 and following, the one that has led to the nationalization of industries, the creation of oceans of paper money, and the destruction of so many American dreams. The answer that might have been is the one you hold in your hands: the minority report of the US Gold Commission of 1982, written by Ron Paul and signed by Lewis E. Lehrman. It provides an outstanding history, wonderful theoretical analytics, and a proposal...
read moreWhat happens to gold if the dollar collapses as the U.N. suggests?
Last week the U.N. warned of a possible collapse of the US dollar – if its value against other currencies continues to decline. The U.N. mid-year review of the world economy did not get extensive coverage. Their economic division said that a crisis of confidence in the dollar, stemming from the falling value of foreign dollar holdings, would imperil the global financial system. This trend had recently been driven by interest rate differentials between the U.S. and other major economies and growing concern about the sustainability of the...
read moreCan You Pass the 2011 Silver Quiz?
CPM Group recently released their 2011 Silver Yearbook, one of the industry’s most comprehensive sources of information on the silver market. Though mostly a reference book, I uncovered some interesting facts that paint a decidedly bullish picture for the metal going forward. If you’re a silver investor, or are concerned about the recent selloff, you may find the following data very compelling. It provides an inside track on the market and will certainly make us all more knowledgeable investors. For fun, I put what I read into the form of...
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