Author Archives: Pat Heller

Greeks follow U.S. path

While there may be some who have hopes that Greece’s debt problems may be resolved without a financial crisis, the long-term prospects are virtually nil. A review of U.S. monetary policy from 1944 to 1980 demonstrates just how difficult it … Continue reading

Posted in Articles, General News, News | Leave a comment

How much gold in China?

Last Friday, the State Administration of Foreign Exchange (SAFE) of the People’s Bank of China (PBoC) reported that the central bank now had gold reserves of 1,658 tons (53.3 million ounces), an increase of 604 tons from the 1,054 tons … Continue reading

Posted in Articles, General News, News | Leave a comment

Silver demand soars

The spot price of silver fell below $15 per ounce for much of last week, reaching its lowest levels in several years. The price of gold also fell to its lowest price of the year. Normally, when prices fall in … Continue reading

Posted in Articles, General News, News | 1 Comment

Will China dominate global finance?

It is clear that the Chinese government is actively seeking to make its yuan currency one of the most important currencies for international trade. Over the past few years, China and a number of nations have concluded bilateral agreements. Under … Continue reading

Posted in Articles, General News, News | Leave a comment

Are U.S. coins, notes objectionable?

I have been a coin collector for more than 50 years. Up until 10 days ago, the question of whether some current U.S. coins and paper money carry symbols that some might find offensive for promoting racism had never crossed … Continue reading

Posted in Articles, General News, News | 1 Comment

Texas takes its gold

On June 12, Texas Governor Greg Abbott signed legislation to establish a state-run gold depository in the Lone Star State. In a statement, Abbot said, “The Texas Bullion Depository will become the first state-level facility of its kind in the … Continue reading

Posted in Articles, General News, News | Leave a comment

$950 gold then surge?

In an interview with the ET Now, website of The Economic Times, commodity guru Jim Rogers last week said, “The U.S. dollar is not a safe haven but people think it is, and they do not know what else to … Continue reading

Posted in Articles, General News, News | Leave a comment

How much gold in China?

On May 15, the Russian news source Pravda passed along an unconfirmed story that appeared in Duowei News that the Chinese government had accumulated 30,000 tons (965 million ounces) of gold reserves. China last updated their published gold reserves figure … Continue reading

Posted in Articles, General News, News | 1 Comment

Do coin shops have a future?

In the past week, I have visited multiple coin shops in Michigan and in the Dallas/Fort Worth area. Then I talked with even more dealers at the Texas Numismatic Association show. A theme that often came up is what will … Continue reading

Posted in Articles, General News, News | 4 Comments

Swiss bank UBS to cooperate with Justice Department

Last Wednesday, five banks, JPMorgan Chase and Citigroup from the US, Barclay’s and Royal Bank of Scotland from the United Kingdom, and UBS from Switzerland, agreed to pay fines totaling more than $5 billion to settle charges over rigging prices … Continue reading

Posted in Articles, General News, News | Leave a comment