Do I need to be a Coin Collector to buy Numismatics?

This is a frequently asked question and rightfully so, the classification of Numismatics are coins that are rare or unusual, or have a special value to collectors. The classification alone means collector coins, however this classification lends benefits to this part of the precious metals asset class that pure gold bullion does not.  So why then is the answer to the question no? Most of our customers at ITM Trading are not coin collectors. They are mostly everyday people like … Read More »

GLD vs. Physical Gold

In the simplest way to differentiate the two, GLD is paper gold that says you own a percentage of gold held in a trust, like a stock; Physical Gold is tangible, you hold it in your hand and own 100%. By: Lynette Zang One should always use the right tool for the job, so the first thing you need to do is establish your goals, only then will you know what is right for you. Here is the prospectus for … Read More »

Chinese Citizens are Buying Gold

The Chinese government has been recommending that their citizens buy gold and silver for a few years now and the people have Chinese been unfazed by record high prices, Buying Gold in August at record levels.  Some jewelry shop owners report that 50 and 100 gram bars are like hot cakes. As the Chinese, with the fasted growing middle class, continue to buy gold it will affect the longer-term trend on gold prices. Not only will this demand continue to … Read More »

Friday Market Update 8/26/2011

This week’s wrap up: By: Lynette Zang Before we begin, I know we are all wishing luck and safety to every one impacted by hurricane Irene. It appears that the Greek “bailout” is falling apart. With EU countries asking for collateral to secure additional loans to Greece, some of the questions raised would be: 1. Will this be a requirement for other EU countries requiring a “bailout”? 2. What would Greece use as collateral? In the current “Austerity” package they … Read More »

Government Debt and the Inherent Problem

I cannot stress this enough, “Sovereign or Government Debt” is “Government Bonds.”  This debt problem is a global issue and like anyone else, when you continuously grow debt, your income needs to keep pace in order to service that debt. If it does not, sooner or later you will have a problem. By Lynette Zang: Today Greek Government two-year notes are yielding 42% and they were really upset when the yields were at 6.75%, so you can imagine what they … Read More »

Buying Gold Coins a Guide

There are many popular options for those who are Buying Gold Coins. Gold coins range from bullion to numismatic and each category have different benefits. It is important that before attempt to buy gold coins that you know the differences so that you can make an appropriate decision based upon you goals and objective.  Gold is like a tool and you want to make sure you get the right tool for the job. BULLION Bullion gold coins are those whose … Read More »

Worldwide Economic Crisis is Too Large to Handle

Former IMF Head, Hendrikus Johannes Witteveen (head from 1973-1978), said in an editorial on the Economic Crisis in the Financial Times, “The world’s financial system is threatened by a new crisis that could be even worse than that of 2008.”  He further states, “The problem now exceeds the capabilities of developed countries. Yet it also threatens the growth of the world economy and therefore of emerging countries.” He believes that the ECB and the Federal Reserve are at the end … Read More »

Friday Market Update 8/19/2011

This weeks wrap up: By: Lynette Zang Disappointing economic news around inflation (up), jobs (fewer), and manufacturing data (down) as well as the fear that the sovereign debt (government bonds) crisis in Europe is expanding, which has kept the market volatility high again this week. There was hope that France and Germany would support a common Euro Bond, but they do not. There was hope that Greece’s sovereign debt issue was put to bed for a minute or two, but … Read More »

Venezuela to Nationalize Gold Mines and Recall their Gold

In a move to protect Venezuela from the economic woes in the United States and Europe, President Hugo Chavez is going to Nationalize Gold Mines and bring back all of its gold held overseas. Chavez said, “We’re going to bring back our gold to the Central Bank.” Venezuela is currently ranked 15th in the world for gold holdings at $20.64 billion (403.1 tons), $11 billion of which is held overseas. It has been storing gold in both Europe and the United … Read More »

Two Paradigm Shifts On The Dollar And Gold

Stocks, bonds and cash have a foundation in dollars as opposed to Gold. Look at the dollar chart and you will see that the trend is clearly down. By: Lynette Zang When all dollar based assets become suspect, the wealth will shift toward physical metals as the only trusted asset class.  We are not there yet, but there is change in the air. I believe we are about half way through two paradigm shifts that began last year. The first … Read More »