Author Archives: Pat Heller

Taxers get more aggressive

In 2010, the state of Colorado enacted a law that required out-of-state merchants who made sales to Colorado residents to either collect and remit the applicable Colorado sales tax on the purchase, or if no such taxes were collected, to … Continue reading

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Gold never existed?

When central banks own physical gold reserves, that means they own coins and/or bars. Mostly they own bars, which have hallmarks of the manufacturer, serial numbers and the weights and purity of each piece punched right into the surface. The … Continue reading

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Do you own metal or paper?

In years past, trading contracts of precious metals in the London Bullion Market Association was supposed to be backed 100 percent by physical metals in London vaults. Similarly, New York COMEX futures contracts for the spot month could be purchased … Continue reading

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Reach out to new coin buyers

In my experience, coin and paper currency dealers focus almost all their marketing efforts toward existing and would-be numismatists. They may be missing out on another niche to expand their sales – serving topical collectors. A topical collection is one … Continue reading

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Dealers: hire a student

Coin dealers, no matter whether a one-person operation or much larger, have several ways to benefit from hiring students. That does not mean hiring just anyone for the sake of hiring a student. Instead, look at the students you know … Continue reading

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Why metals will rise in 2017

As weak as precious metals prices have been since the U.S. elections, it is still possible that they may yet decline a bit more before the end of this year. Having said that, however, there are multiple significant reasons to … Continue reading

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Who’s afraid of gold and silver?

Only a tiny percentage of American adults own physical gold or silver for investment. The estimates I have seen range from one to three percent. From my more than 50 years of personally owning such items or trading them as … Continue reading

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India stampedes into bullion

India’s prime minister Narendra Modi announced on live television Nov. 8 that the government would immediately begin withdrawing the 500- and 1,000-rupee notes from circulation. Their face values are roughly $7.50 and $15 in U.S. funds, respectively. This was part … Continue reading

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Buy gold and silver now

Beyond the question on whether it is sensible to acquire physical precious metals, I am most often asked when someone needs to have such assets purchased. The correct conceptual answer is that you need to acquire them before they protect … Continue reading

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Buy the gold price dip

The financial news has been strange since it became clear last week that Donald Trump was the surprise winner to become the next U.S. President. During the early morning hours last Wednesday, as Trump’s electoral vote totals neared the number … Continue reading

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