GoldMoney founder, Free Gold Money Report editor, and GATA consultant James Turk plots the long-term price of silver and reports a bullish new twist. Turk’s commentary is headlined “Silver’s Very Bullish Three-Decade Chart Pattern” and it’s posted at the FGMR Internet site.
In 1965, former French president Charles De Gaulle called for an international return to the gold standard. De Gaulle said a monetary standard based on gold would keep government spending in check and prevent the sort of economic crisis we are now enduring at the hands of the money masters.
“The fact that many countries, accept as a principle, dollars being as good as gold, for the payment of the differences existing to their advantage in the American balance of trade,” said De Gaulle, “this fact, leads Americans, to get into debt and to get into debt for free at the expense of other countries. Because what the US owes them it is paid, at least in part, with dollars the are the only one allowed to emit. Considering the serious consequences a crisis would have in such a domain, we think that measures must be taken on time to avoid it. We consider necessary that international trade be established as it was the case before the great misfortunes of the world, on a indisputable monetary base, and one that does not bear the mark of any particular country. Which base ? In truth no one see how one could really have any standard criterion other than GOLD !”
De Gaulle later said that the United States “exports inflation” and should agree to major reforms of the world monetary system and help to establish a pure gold standard in international finance.
Richard E. Caves, at that time the chairman of the Economics Department at Harvard, said “De Gaulle doesn’t know what he’s talking about” and lauded “reforms” instituted by the IMF and praised the idea of special drawing rights for countries that faced serious deficits in their balance of payments.
De Gaulle’s gold standard “scheme” was “wildly irrational,” Caves said. Paul A. Samuelson, professor of Economics at M.I.T., added that De Gaulle’s chief advisor was “an idiot” for suggesting such a proposal.
Fast-forward more than forty years. Gold is climbing toward $1,800 and ounce. Central banks are now abandoning the dollar as the world’s reserve currency. The United States has lost its top-tier AAA credit rating from Standard & Poor’s on concerns over budget deficits and a no-end-in-sight debt burden. Economic growth is anemic at best. Unemployment keeps climbing.
Meanwhile, the boss of the privately owned Federal Reserve, Ben Bernanke, has warned government not to cut spending “in the near term,” thus guaranteeing a continuation of unsustainable deficit spending and debt.
It makes you wonder – who was the idiot? De Gaulle or the academics at Harvard and M.I.T.?
Article written by Kurt Nimmo
August 26, 2011
Do you have any of your income saved right now? What if you lost your job tomorrow? Would you be able to provide for your family for one month, three months how about six months? Wouldn’t you feel a whole lot better if you had a good reserve built up?
Take a quick look at the world around you. The gold and silver phenomenon is hard to miss. You see it on billboards, TV and you hear it on the radio. Have you ever wondered why?
Do they know something we don’t?
Consider this, an ounce of silver today, will buy the same amount of goods that an ounce of silver could buy 100 years ago. Try that with a paper dollar! In 1964 a quarter would buy roughly one gallon of gas. This is because the quarters made in 1964 and earlier where made of 90% silver. At the current price of silver today, that same 1964 quarter is worth about $7, so you can still buy a gallon of gas today with the value of a 1964 quarter.
Why continue to save all of our money in paper that can be devalued at any moment when you can convert it into real money, silver and gold “lawful money”? What if you could purchase silver and gold coins at a good price and get paid to help other families save these assets as well? Would you want to be a part of that?
We are united with one common purpose and that is to get families back on the right track of financial well being. Silver Saver can help you prepare for an uncertain future with your own precious metals reserve.
GoldMoney Chairman James Turk presents a sequel to his recently released video “Everyone should have a precious metals portfolio” which outlines his views on where the monetary and financial worlds are headed.
In this video James provides an update to a longstanding forecast that he made back in 2003 in Barron’s. This interview was widely talked about because whilst the gold price was USD350 at the time, James stated that he envisioned the gold price to be around USD8,000 sometime between 2013-20
If you are a neophyte wanting to venture into rare coin collecting as a hobby, there are two new best friends waiting for you. One is the Professional Coin Grading Service price guide and the other is the Red Book guide book. Both of these books will give you lists of coins and their worth so you can safely start your search for rare coins. A further study of these two will lead to an understanding of the criteria and standards used in grading coins. The prices they list down will also give you an idea of how much you need to invest as you go along.
Availability of Rare Coins
Rare coins are not easy to come by so if you are serious about collecting rare coins, be ready to spend time, effort and a good amount of money in acquiring your treasures. Collecting rare coins is an ambitious undertaking especially if you bear in mind the fact that there is a huge population of collectors who may be competing for the acquisition of the same item that you want to buy. At present, in order for a coin to be classified as rare, no more than seventy-five pieces should be known to exist. In other words, a coin has to indeed be rare before it can earn the name.
Some rare coins have a value of more over a million US dollars. Some coins have no value except for their face value or their metal value. There are lists of coins that are officially considered rare and some reliable professional guidebooks will even include tips on how to rate coin quality. Information on rare coins in some of these guides will explain why such and such a coin is so rare. Explanations will include how many coins were struck and if a substantial number was melted. On top of most if not all rare coin lists is the 1794 Flowing Hair Dollar which is valued at $7,850,000.00. Only 1,750 of this coin were struck so it is virtually impossible to own one.
Factors Affecting Price
Rarity is not the only factor that brings up the prices of rare coins. Other factors such as coin grading enter into the picture. In the same way, the supply and demand for rare coins in the market affects the price of coins. Sometimes temporary spikes in demand occur for certain coins and these are not to be mistaken for a sustained trend.
Advantages of Collecting Rare Coins
While much will be demanded of you if you decide to pursue rare coin collecting, this venture offers advantages of its own.
- Storage and safekeeping of rare coins is simple. All you need is a safety deposit box. Coins, even rare ones, are sturdier and easier to care for than jewelry.
- Rare coins are easy to transport.
- They are a form of investment that is not constantly scrutinized.
- They serve as an effective hedge against inflation and are a good way to protect wealth during times of economic crises.
- They are relatively easy to resell through reliable agents and auction houses.
Whether done for fun or for profit, acquiring rare coins is a very worthwhile endeavor. As a newbie, you are probably excited about starting your rare coin collecting activities. At present, the price of rare coins is less than what they cost thirty years ago and many resources predict that prices will go up. This makes the present a good time to invest in rare coins. To decide on which coins you will start your collection with, get a good resource book and look at which rare coins are still within your reach. Once you have decided, conscientiously study different guides and compare the price of these coins. By applying meticulous care in choosing your coins, you will be rewarded not only by the prospect of financial returns; you will also have pieces of history to enjoy for the time that they are with you.
Appearing on CNBC, former Congressman Ron Paul warned that if the US continues on its current course, the dollar will collapse, and gold will literally be priceless.
“Eventually, if we’re not careful, it will go to infinity, because the dollar will collapse totally,” Paul said on CNBC.com’s Futures Now.
“As long as we have excessive spending, and excessive computerized money, we are going to see gold go up,” Paul urged, noting that as the value of the dollar is destroyed, everything measured against dollars will increase in value.
Paul added that recent drops in gold prices do not factor into the long term outlook.
“Markets do these types of things—they go up sharply, and sometimes they take a rest,” Paul said. “I was never very good on short term, whether it’s the stock market, or whatever.”
“If you look at the record of the value of the dollar since the Fed’s been in existence, we have about a 2-cent dollar. And gold used to be $20 an ounce. So I’d say the record is rather clear on the side of commodity money.” Paul said.
“Six thousand years of history shows that gold always retains value,” Paul added, “and paper always self-destructs.”
Article written by Steve Watson
June 19, 2013
Steve Watson is the London based writer and editor for Alex Jones’ Infowars.com, and Prisonplanet.com. He has a Masters Degree in International Relations from the School of Politics at The University of Nottingham, and a Bachelor Of Arts Degree in Literature and Creative Writing from Nottingham Trent University.
A collector would choose certain specifications when it comes to his coin collections. If a coin collector is new in the business, it is perhaps best to start at the very beginning. You will probably start your collection based on your preference. Are you the silver, bronze, or gold type of person? How old do you like your coin to be? In what period?
Best advice: start with what interests you. Then collect it by the following:
Date or Period of Time
Coin collectors who see their collection as an investment would probably prefer coins that are older than their grandfathers. The more ancient the coin, the better. Aside from being centuries old, there are also Revolutionary coins and those that came from another time in history. Some people would start by building up decades of coin that are in Mint condition.
If you have decided to collect any kind of coin for as long as it came from different countries worldwide, that would be tiring but exciting. And it can cost you a lot. So things wouldn’t be exhausting, you could start off by collecting coins of your own country. After that, if you have enough funds, you could drop by a coin shop and ask if there are any coins from outside the country.
If you’re a beginner, you might not want to start collecting silver or gold coins for these are the kinds of coins that can be quite expensive. Better settle with the lower metal levels first. Not unless money is not a problem. Usually, the concern on what kind of metal to choose belongs to the more professional collector.
By this time you may already have an idea on where to start. As time passes, you will become more interested and selective of the types of coins that fits your album. You will develop areas that you may not find in other collectors.
You still need to know some specifications about the kinds of coins that you will collect.
You have seen an ordinary coin, its features wouldn’t be different from the old one because typically, new coins are just patterned from old coins. You have to inspect if the writing on the coin is still clear. A coin wherein the smallest details, like feathers or robe folds, are completely worn away is of little value.
Means discoloration or tarnishing, toning can increase the coin’s value. Believe it or not, if a blue tone is present on a silver coin, it can be very desirable. Toning has an effect on a coin’s details for it can accent its faded features. For as long as the tone of the coin wouldn’t turn out uneven, there’s no reason to reject it.
Wear n’ tear
If you have been in coin shops that are offering bargain coins, it might be because it has seen a lot of circulation and the market has already rejected it. You will notice certain kinds of scratches an even scarring that is caused by chemicals. Scratches can be acceptable but scarring is a no-no. Chemical scarring can be related to corrosion, pits, etc. As much as possible, make your coin collections spotless.
Interviewed by King World News, Sprott Asset Management’s John Embry says he has begun to expect an overnight transformation of the world monetary system and, with it, an overnight revaluation of gold. Embry also remarks at length about the false propaganda emanating from most major governments about their economies and policies. The interview is excerpted at the King World News blog here.
When you combine the economic reality of the Dollar losing value; with increasing prices on food, gas and goods; and the shortage of silver
It creates: The Perfect Storm… and…
Where there is Crisis, there is Opportunity!
What’s really amazing is that many experts predict this is just the beginning!
Unlike gold, silver is consumed. It’s used in the manufacturing of just about everything, from solar panels to DVDs to electronics and even some Bandaids!
But the biggest shocker is that there is less above ground silver than there is gold! That’s right, silver is more scarce than gold!
Ready to learn how you can Earn Free Silver and Easily Profit on every piece of silver the company sells globally?
Discover how you can benefit from the explosion of interest in silver coins.
The timing is right for this rare opportunity to prosper in difficult economic times. Do not wait any longer to get started growing and protecting your wealth.
Every market is manipulated these days, Outsider Club editor Adam English writes, and none is rigged less than silver is, thanks to JPMorganChase & Co.
English’s commentary is headlined “Why Is Silver Manipulation So Absurd? Silver Prices Are Blatantly Rigged” and it’s posted at the Outsider Club’s Internet site.
“Water, water everywhere, nor any drop to drink… There is a similar situation with regard to fiat paper everywhere, but not a gold delivery to be made. The delirium cast by central bankers issuing unlimited fiat has kept so many people in a fiat-induced fog, unable to see clearly. The fog has lifted. It is all a game. See the fraudulent scheme for what it is and then fear no more. It is just a matter of time before everything unravels, as it surely is.”
“The price of gold and silver are closer to a bottom than a top. The QE-Infinity is closer to a top and will collapse under its own ‘goldless’ weight. The PM holders are on the correct side of history. Understand that it has been one of the bigger world scams played by the central bankers, the illuminati who believed themselves untouchable, beyond the scope of comprehension by the non-banking world.”
“Stop buying into the scheme of the moneychangers. Their time has come, and it is but a matter of time. They are playing with everyone’s mind, doing everything possible to destroy the gold/silver markets, committing self-destruction in the process. They are making every attempt to discredit the barbaric metal that cannot be eaten, that pays no dividends, but somehow survives as the most reliable measure of accepted value.”
“This is all taking much longer than many expected. One need not be religious to keep the faith, for the reality of owning the physical will not disappoint. The ultimate facts are on the side of PM holders.”
Read the complete article by Michael Noonan
Is Jason Hommel saying silver is headed to $5 per ounce?
I don’t think so. Hommel is just kidding.
In fact, he says, there is no explanation for the drop in silver and gold prices, other than the standard “manipulation” by the banks who trade in futures contracts.
The oceans of currency being printed by the US are not yet flowing to silver. But they will, and then silver prices will rise sharply.
Interest rates have been manipulated for years now, and because it would be lunacy to bankrupt American business, they cannot be allowed to rise to compete with gains in the precious metals market in order to stop the bull market in gold and silver.
The bond market is huge—in the $20 to $50 trillion range. If interest rates rise, bond values go down. In a collapsing bond market, bond investors will move to protect their trillions, and opt for gold and silver.
The world’s central banks and Western governments cannot let markets naturally purge themselves, as the markets are too grotesquely out of balance and mismatched in size.
But they can’t keep interest rates low forever, either, because real rates are now negative, with interest rates well below the real inflation rate. People are being paid to borrow money: That is uneconomic, and unsustainable.
Imagine if interest rates went over 20% like the last time they were allowed to rise, in 1980, to contain gold prices. Seventeen trillion dollars in debt financed at 20% would be something like $4 trillion per year in debt payments alone.
That kind of currency printing to pay bondholders would be highly inflationary, driving silver prices well beyond $1,000 per ounce. Thus, the bull market in gold and silver is far from over.
Hommel expects silver to head past $75 in the next year or two. Now is the time to sell bonds, real estate, and currencies, and buy silver. Buy on the dip, while you still can.
Wow… have you seen the price of silver today? Under $20/oz.
Seems to me to be a great buying opportunity if you can find any.
Paul Stramer wrote on his blog today, “Now this morning the banksters are driving the price of silver down UNDER $20 per ounce. What could their strategy be? Simple. The only people playing the over inflated stock market are the big banksters, and they are getting ready to get out of the stock market altogether. They need someplace to put those funds, and they are creating that place to go by manipulating the price of precious metals.”
I’ve believed for many months now the rise in the stock market has been a calculated manipulation before the big crash.
Stramer wrote, “This has happened before. Look at 2007 and 2008. The stock market broke new all time records then at over 14,000 points, and silver was selling for less than $10 per ounce at one point. After that the stock market crashed, the big boys having vacated the market, and what happened to silver? The price bounced off of $50 at least for a few days, and has been gradually coming down since.
They are getting ready to do it again, with the stock market again at a record high of over 15,000 points.
They are manipulating silver to create a place to jump too just before the crash that they know is coming.”
A recession happens when there is a significant decline in the economy which usually lasts for a short period of time. You can tell there is one when consumers don’t spend that much, a lot of people are unemployed, companies have to make job cuts, industrial production is down and lately, there is a housing crisis as people have to foreclose their homes.
By that definition, it would seem the U.S. has been in recession for the past couple of years. Many mainstream media pundits claim we are not in recession but a slow recovery.
Does it seem that way to you?
The technical indicator which tells you that the country is in a recession is when there has been 2 consecutive quarters of negative growth which is measured by the country’s GDP or gross domestic product.
Experts say that this is bound to happen because it is part of the business cycle and things usually improve within 16 to 18 months.
What is a business cycle? It is considered to be a periodic but irregular up and down movement in a country’s economic activity which can be measured by fluctuations in the GDP as well as other macroeconomic variables.
Things are going up when the economy recovers and expands. The situation goes the opposite direction when the market experiences a slowdown until it eventually reaches a recession.
In my opinion, the only reason our economy has not slipped into a full-blown depression is because the privately owned FED continues to print more fiat paper money to bail out the financial industry and keep them afloat. Because of all this cheap money, the stock market value has been inflated to appear it’s hitting new highs. Those highs, however, are masked by the flooding of the market with cheap money.
In the US, building permits are down… and foreclosures are up. There is no renaissance happening in manufacturing. Only half of the new jobs expected showed up in March. Retail sales are down, and consumer confidence is off. The US economy is growing below the Fed’s own “stall speed” indicator. Half a million people fell out of the workforce in March. Retail sales fell in March. So did manufacturing.
Ron Paul recently said on on Bloomberg TV, “You will not see economic growth until you liquidate the debt and liquidate the malinvestment out there.” He goes on to say, “Inflation is when you increase the supply of money. Bond prices go up. Stocks are going up. Housing prices are starting to go back up again. Education costs are going up, but the gross distortion is the effect that the inflation of the money does on the price of money and interest rates and how it causes economic problems and why you don’t get economic growth.
You have to look at the malinvestment and destruction that occurs when you mess around with the price of money. It’s not just the CPI because the CPI is not reliable. The government fudges that as well. They change the way they measure it. Free-market economists say it is going up about 8%. A lot of deception going on out there. I was just talking to someone on getting social security, they’re not happy with the purchasing power of the dollar and you can’t tell me there is no inflation.”
The recession in the United States has affected other countries and drastic steps have been taken to prevent it from getting worse. Britain has injected up to 50 billion pounds which is equivalent to $90 billion into its biggest retail banks. Japan has ordered its ultraconservative Bank of Japan to flood the world with freshly created currency.
Legendary investor Jim Rogers is worried about unprecedented money printing around the globe. Rogers says, “We have never had every government debasing their currency at the same time. . . . This is the first time in recorded history where you have most of them doing it all together. These are perilous times . . . one way or another, this is going to end badly.”
Is there light at the end of the tunnel? The answer is yes but it is going to be some time before anyone will see any improvements. Whether it’s tax cuts or tax increases as the politicians propose, this crisis will continue on for some time until we start to deal with the real issues.
Until somebody comes up with a plan to put people back to work, the current current state of the economy will not improve. It is something that the American public should insist their political leaders solve.
Whether you are a hobbyist or a serious investor, there are some coin collecting tips that help ensure the quality of your collection. Shared by experts, these tips also help you sell your collection for the right price at the right time. But, whether or not you envision a time when you will be selling your collection or parts of it in the future, applying these tips diligently can enable you to make good buys that adds to the overall value of your collection.
Keep your Tools Handy
A coin collector’s tools should always be ready in case an opportunity comes up to acquire a good piece. These tools include white cotton gloves, coin folders, envelopes, a storage box and a good magnifying glass. Some collectors keeps a loupe to use when they want to view a coin’s details clearly.
Keep a good copy of a grading guide book. This provides you with an explanation of the numerical grading system, with detailed photographs of coins and how they are graded.
Apart from the grading guide, an essential part of your tool assembly is a good guidebook. One example of a guidebook you can keep is A Guidebook of United States Coins which is better known as the Redbook would be a good source of information on US coins. This guidebook, updated annually, includes descriptions and basic grading criteria for each coin design.
A serious collector keeps abreast of coin prices by regularly looking at price guides which list the prices of coins. Price guides are available online from the PCGS and the NGC. Apart from these, Coin World and Numismatic News also publish price guides in addition to their weekly coin papers.
Simple Ways to Prepare for a Purchase
It is never a good idea to invest money in a purchase without investing time and effort in preparation. Here are some simple coin collecting tips to make sure you get a good buy:
- Do your research. If you have the chance to buy a coin you like, find out how details about it including how many of that coin were minted, its grade, how rare it is and who is selling it.
- Compare prices using at price guides from reliable grading services. Do not rely on websites or TV programs that are trying to push their own items.
- Muster your self-control and buy only if you are certain that this coin is a good investment.
- Examine the coin carefully with a good magnifying glass and a loupe before you write your check. Scratches and dents are not always immediately visible so take care that you have made a detailed inspection of the merchandise. There is no way this can be overemphasized. Even experts have made mistakes by taking for assuming that a coin is all that it seems.
Once you have made the purchase, it is important to store it appropriately, arranged with other coins in an order or design that makes it easy for you to view it both as an individual piece and as part of a bigger collection. Again, it is important that you keep abreast of prices so you know if the value of your acquisitions is going up or down.
Make sure that the quality of your coins remains as good as it was on the day you bought them. Taking care you do not damage your coins when you handle them. Always hold a coin by the edges while wearing gloves. Have a soft cloth ready to catch the coins in case you drop them during handling and most of all, never, never clean or polish them.
Whether you are want to be a serious investor or you just want to start a hobby, these coin collecting tips can be useful for you. Following them helps you make sure that your coins remain valuable regardless of whether you bought them for profit or for fun.
I was excited to see the following article published in the online edition of The Hutchinson News. It is another indication that some people understand the U.S. Constitution and want to return our money to a Constitutional status.
Gold, silver bullion coins could be legal tender in Kan.
Kansans who want to purchase gold and silver bullion coins, to be prepared in the event inflation eats the paper dollar’s value, could find it easier under pending state legislation.
House Bill No. 2379 states gold and silver bullion coins issued by the federal government would be legal tender in Kansas. Sales of such coins would be exempt from sales tax.
Testifying Tuesday before the House Taxation Committee on behalf of the bill will be representatives of the Washington-based conservative think tank, the American Principles Project.
The American Principles Project “promotes gold-backed monetary reform at the national and state levels,” according to its website.
“This is legislation that we have worked on in other states,” said the American Principles Project’s director of economics, Rich Danker, who will be coming to Topeka.
About half the states don’t have sales tax on gold and silver coins. If classified as money, the coins could not be taxed, he said.
In part, Danker said, it’s a competitive issue.
“It would likely encourage more coin dealers and conventions in the state,” Danker said, if the sales tax was removed.
The American Principles Project, though, is not working on behalf of coin dealers but sees a larger issue at stake.
Silver and gold will give people a way of saving and transacting business that would not lose value the way a paper dollar can, he said.
“We think it’s about sound money,” Danker said.
Sellers would not be required to accept payment in gold or silver coins, just as they can stipulate what types of payment – for example, no personal checks – they accept now.
“We’re really encouraged by the support in the Kansas Legislature so far,” Danker said.
Freshman legislator Rep. Travis Couture-Lovelady, R-Palco, was instrumental in the introduction of the bill.
The American Principles Project’s policy director, Jeffrey Bell, who has worked to elect Republican presidential candidates, will be in Topeka, too, for the hearing.
Probably the most beautiful and collectable coins today – the Morgan dollars.
The Morgan dollars were named after it’s developer, George T. Morgan. The Morgan dollar is 90% pure silver, also it was minted from 1878 to 1805, and it was minted for a one year in 1921.
Why the oddity of minting the Morgan dollars for just one single year following a 16 year hiatus? Well, in 1921 the $1 design was modifying from the then current Peace dollar towards the Sacagawea dollar. Just about eighty-six million Morgan dollars were struck in 1921 by the US Mint, because the replacement wasn’t ready to fulfill the legal requirements set by Congress for maintaining $1 coinage production.
The morgan dollar was overproduced throughout it’s period, and around two-hundred and seventy million Morgan dollars were ruined after it’s mintage was stopped. For this reason, the Morgan dollar happens to be highly desired by collectors… Not just for it’s beauty and silver content material, but for it’s rareness. Needless to say, 1921 is still one of the most common years of mintage linked to the Morgan dollar.
But how are you able to determine a Morgan dollar from other coins just like the Franklin half-dollar or the popular Buffalo coin? Or even from fakes and duplication copies?
The obverse side will have a different side profile of a woman having a band of laurel intwined in her hair. This woman is the Lady Liberty, as shown by George T. Morgan. It comes with an old neoclassical design, and it is easily noticeable from the Peace dollar Lady Liberty.
On the opposite you will notice an eagle, the iconic symbol of the United States, having a wraith that encompasses the eagle. You will even note the domination “One Dollar”, and the words “United States of America”.
Bring your Morgan and place it on a digital scale. It should weigh close to 0.7734 ounces. If it weighs a lot more it’s a reproduction. If it weighs considerably less, then, it’s either severely used or a reproduction that has a light metal.
Simple, isn’t it? Now that you know what you’re trying to find all you have to do now is find some Morgan dollars to buy and collect.
Have you been a keen coin enthusiast? You are!? Then, I am sure you have heard of PCGS? No…? Well, I am sure you have come across certified coins…?
Yet exactly what is a certified coin? And who or what’s PCGS?
Well, to be aware of this we need to travel back to a period when there were no certified coins neither any certified coin traders. A time when enthusiasts had to do their particular research and grade the standard of their very own coins as well as the coins they desired to buy.
This is a very tough time in the coin enthusiast in the world! And the difference of one or two grades could mean plenty of dollars. For example, lets say you’ve got this Coronet Type half cent from 1840. You are wanting to promote the coin and you graded it a MS65. That should enable you to get a simple $300.
So, putting it for sale at the next coin convention, so you obtain a buyer on the hook. Nevertheless he looks at the coin and grades that it is a MS63. This is a big difference. Right now your $300 treasured coin is worth $50 for this purchaser.
Is he becoming truthful OR is he wanting to swindle you? And this goes either way. At times you would get some untrustworthy dealers that will try to up the grade on their coin in order to acquire some extra cash in the sale.
Today, if there were simply a trusted third-party who could grade the coin and settle the small dispute. And there is! PCGS.
PCGS is a third party grading service company. PCGS is surely an fair third-party who takes your coin and gives it a certified grade of MS0 to MS70. After that, to make certain nothing interferes with the certified grade… PCGS puts the coin into an air tight closed plastic cover.
Contained in the plastic cover is the coin, along with a sheet of paper over the coin which authenticate’s the coin and describes the coin. Collectors know this as little sheet of paper over the coin the “slab”.
PCGS certified coins are trustworthy by buyers and sellers alike. This makes them a fantastic company to beat rating disputes if you ever attempt to promote your coin.
You are able to take your gold coin, silver coin, commemorative coin, and virtually any coin you’ve got and deliver it in to PCGS and they will provide a professional quality.
If you are looking to expand your US certified coins collection… Then search for PCGS certified coins. Why? Well, because they’re great investments, because you know precisely what you are purchasing. PCGS certified coins may also be passed on from one generation to another and they will keep not just their certified grade, but their innate value.
Take a look around on our internet site. We have a very good assortment of PCGS certified coins up for sale which you’ll add to your very own collection.
Last week the Houston City Council passed an ordinance requiring people who sell precious metals to be fingerprinted and photographed.
According to KTRK-TV, the ordinance is “meant to help track down criminals who try to resell stolen valuables. Gold-buying businesses will now be required to photograph and fingerprint sellers as well as photograph the items that are being sold to the dealer.” In other words, citizens who sell gold will be considered criminals until they demonstrate otherwise.
“It’s going to allow us the tools necessary to combat a lot of the high-end jewelry thefts that’s going on in the city, whether it’s robberies or burglaries,” Houston Police Officer Rick Barajas told the news station last Wednesday.
Audi S8s, Shelby Mustangs, BMW M5s, Dodge Chargers and Honda S2000 roadsters are stolen thousands of times a year and yet people who own them are not required by government to be fingerprinted and photographed in order to sell their cars. Ditto folks who sell expensive items at pawn shops or on eBay. Can you imagine the chaos in commerce that would occur if every item over say $1,000 required the seller to surrender fingerprints and photographs – more accurately, mugshots – which the buyer would be obliged under penalty of law to submit to the state within 48 hours?
“No precious metals thief is going to agree to a mug-shot and thumbprint,” said Houston City Council Member Helena Brown in response to the law. “That’s like declaring that the thieves are going to be turning themselves in. It’s ludicrous. I don’t know who told HPD that this is going to help them. It’s not going to help anyone, but rather it will be damaging to an industry and to our self-respect and liberty.”
Instead of reducing crime, the new law will instead put a damper on the sale of gold, silver and other precious metals. Jim Guidry notes that despite a claim made by Houston police, the precious metals industry will be hard pressed to comply with the turnaround demanded by the city, will balk at the prospect of alienating customers by demanding their fingerprints and mugshots, and the industry will ultimately suffer through loss of its customer base and through fines and criminal charges.
Finally, it is hardly a secret that government hates the idea of citizens trading in gold and other precious metals. In 2009, the U.S. Mint made it more difficult to purchase gold and rationed the sale of American Gold Eagle coins and the previous year suspended the sale of American Buffalo 24-karat gold coins. Bernard von Nothaus of Liberty Dollar was prosecuted for daring to challenge the fiat money monopoly held by the Federal Reserve and the banks (and daring to have a political agenda, namely getting rid of a parasitical Federal Reserve).
“The modern and oppressive State is against freedom. The argument regarding gold versus fiat money has been settled both theoretically and empirically,” writes Monty Pelerin. “The good fight fought against fiat currency is a long and lonely one. This fight will not be won by intellectual persuasion, but will be determined by the brute forces of the markets the State believes it can control. A currency collapse is likely inevitable. That will expose the fraud and corruption of the current fiat currency regime. Even when that occurs, the elites will do whatever they can to avoid an honest money system.”
“The defamation of gold wrought by central banks and governments is because gold exposes the devaluation of fiat currencies and the flawed policies of government. Governments hate gold because the people cannot be fooled by it,” writes Ron Paul. “If the government persists in debasing the Dollar – as money monopolists have always done – then the people would be able to protect themselves by using alternatives such as gold that are both sound and stable.”
The City of Houston and its police, however, are not colluding with the Federal Reserve in an effort to control the sale of precious metals. The police are reacting as police always do – as gold and precious metals rise in value, it is quite natural that there is an increase in theft and fraud, a situation police react to quite naturally by demanding authoritarian laws that inevitably create a new class of criminals requiring more police and more prisons.
Article written by Kurt Nimmo
February 11, 2013
The 2012 1oz Kookaburra “High Relief” Ultra Cameo “Early Releases” Designation on a Very Rare Label.
Own One of Currently ONLY 390 Graded and Certified PF70 in the world!
Reverse Design: This beautiful 1oz includes the Darryl Bellotti design of the “AUSTRALIAN KOOKABURRA”, made with an extra-deep “blank” (known as a Planchet) to accommodate it’s superbly detailed high relief depiction of a Kookaburra perched on a tree branch with gum leaves, the Perth Mint’s ‘P’ mintmark and the 2012 year-date.
- 1 AU Dollar Legal Tender
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- Limited Mintage of only 10,000 Coins
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- NGC Graded PF70 with Rare Label portraying the Australian Sydney Opera House
Certified and Graded PF70 by NGC with a Very Rare Label. The Perth Mint struck the coin from 1oz of 99.9% pure silver in proof quality. “Early Releases” Designated coins are struck first at the mint from “FRESH DIEs” and only the first small percentage of coins can be submitted as Early Releases Coins driving higher premiums.
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Obverse Design: The coin depicts the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II on the obverse and is issued as legal tender under the Australian Currency Act 1965.