Physical Gold or US Dollars?

You have a personal choice to make everyday as to how you keep your savings.  Do you keep it in cash?  Stocks or bonds?  Do you keep it in a CD or in a savings account at the bank?  Or do you keep it in physical gold?  When you keep it in physical gold, in your possession, you have essentially removed your money from the system; a system in which you have no control, a system that is manipulated by … Read More »

New Gold-Backed Currency Could be in Use Next Month

It looks as though a northern state in Malaysia called Kelantan will be using a new gold-backed currency as early as mid-August.  They won’t be the first state/country to be using a gold-backed currency; Indonesia has already minted a minimal number of pieces (25,000) to be used in Australia, Malaysia, and Singapore. According to the Guardian, the states Islamist government is kick starting the currency by paying its government employees 25% of their paychecks with the gold dinar and silver … Read More »

Interview with Jim Rickards on ITM Trading Website

In this 11 minute interview with Jim Rickards, Senior Managing Director for Market Intelligence at Omnis, Inc. and President of ITM Trading Inc a precious metals dealer in Arizona, Mr. Rickards reveals how he comes up with his prediction of gold pricing reaching as high $11,000 per ounce. Mr. Rickards answers the first question by saying that he prefers a strong dollar with gold backing but to him it is clear that the government is going in the opposite direction … Read More »

Gold Price Correction

Gold is down for the second day in a row.  As of this writing the gold spot price on the Comex is $1,181.10.  That is down from an all-time intra-day high of $1,265 posted a month ago.  Gold is trading in a range of $1,185 to $1,250.  The price action has been pretty volatile inside of this range, closing up one day and down the next.  This is typical action in any bull market, but is characteristic of a second … Read More »

Why do some Prefer Semi-Numismatic Gold and Silver Coins?

To answer this question we must first define numismatic.  Numismatic is defined by Wikipedia as the study or collection of currency, including coins, tokens, paper money, and related objects.  The government defines numismatics as gold coins having a recognized special value to collectors.  This is the definition that is important when acquiring gold coins for your portfolio.  This definition tells you what is and what isn’t subject to confiscation, which brings us to the question in the title of this … Read More »

What is the Value of a 1904 Liberty $20 Gold Coin?

The $20 Liberty Head was the largest denomination ever minted when it was released to the public in 1850.  It was designed by James B. Longacre and it contains 90% gold and 10% copper and contains .9675 ounces of gold.  These coins were minted from 1850 to 1907 when the design changed to the $20 Saint Gaudens (there was one coin minted in 1849 for design proofing).  The $20 Liberty is one of the most popular rare gold coins to … Read More »

Everything You Need to Know about Gold in Three Sentences

Richard Russell, a prominent financial writer, on July 8th wrote this: “Fed Chief Bernanke will absolutely not accept deflation… Shrewd gold-accumulators are well aware of this.  As the deflationary and de-leveraging forces press on the US economy, the Bernanke Fed is ready to devalue the US dollar in its (whatever it takes) battle to hold back deflation.” Russell sums it up in three sentences: 1. The Fed will not tolerate the growing forces of deflation 2. To combat the deflationary … Read More »

Which Gold Numismatic Coins are the Best to Invest In?

First read the getting started blog posted on July 2, 2010, and if you follow the steps your account rep should be able to help you decide what are going to be the best coins to acquire for your portfolio.  The reason you want help with this process is because every coin will perform differently in your portfolio.  So you want to make sure that you are applying the right tool for the right job. For example, if your investment … Read More »

How to get Started Investing in Gold Bullion and Numismatic Coins

liberty gold coin numismatic

Choose a Broker Dealer: Once you know that you want to own gold getting started is a very simple process.  The first step is to pick a broker/dealer that you feel comfortable with.  Typically this is done via radio and television talk show hosts that endorse various gold companies, or through an internet search.  Check out how long they have been in business and how strong their track record is.  Once you feel comfortable, call them and get assigned to … Read More »