Author Archives: Pat Heller

Calm worries with gold

I’m getting nervous about the U.S. and the world economy. Despite a stream of positive economic reports from politicians, bureaucrats and the regular media, other bits of news that doesn’t get much coverage seem to portray a contradictory story. This … Continue reading

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World shows new interest in coins

Whenever there is a major change in coins or currency in circulation in the United States, there has been a spark of new collecting interest. Personally, I was brought into the hobby along with much of my extended family when … Continue reading

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Gold rebounds from lows

From June 14, 2018, when the price of gold closed on the New York COMEX at $1,304 and silver finished at $17.22, their prices fell all the way down to $1,187 and $14.53, respectively, at the COMEX close on Aug. … Continue reading

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Ready for state tax attacks?

For businesses in general, including those who purchase and sell rare coins and precious metals to earn income, complying with government regulation and taxation can be intimidating and financially costly. This is one reason that trade associations exist – they … Continue reading

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Money takes many forms

Just about everyone reading this column has the experience of only using coins and currency as a medium of exchange in personal commerce. Some may have used Military Payment Certificates or other tokens at some point in their lives. But … Continue reading

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Gold price set by China?

From June 14 through Aug. 7, the price of gold, as measured in U.S. dollars, fell 9.3 percent. While that may sound horrible to those whose wealth is denominated in U.S. dollars, the story is different in China. During the … Continue reading

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New dollar, same old mistakes

On Oct. 13, 2016, I was one of the U.S. Mint’s invited guests who attended its first Numismatic Forum. The concept of this program was to exchange ideas between U.S. Mint officials and a handful of significant influencers in the … Continue reading

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Gold swoon temporary?

As I discussed last week, the World Gold Council estimates that at the end of 2017 gold exchange traded funds (ETFs) and similar investment entities held about 80 million ounces of the metal. At prices last week, that would have … Continue reading

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Gold worth $8 trillion

According to the World Gold Council (WGC), at the end of 2017 there are about 6.1 billion ounces of physical gold extant in the world. This does not count gold still in the ground or in the water waiting to … Continue reading

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Do you own silver or paper?

When a COMEX gold or silver futures contract matures, the party that holds the long side may choose to sell off the contract, to trade it for a contract that matures further in the future, or may demand delivery of … Continue reading

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