Author Archives: Pat Heller

Silver demand tops gold

The price of gold is up slightly while prices for silver, platinum and palladium are all down from a month ago. With the U.S. stock market indices down several percent from their recent highs, many people would expect the prices … Continue reading

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No profits for ignorant?

Some of the best advice is simple, short and to the point. The following, I hope, is an example of this. In 1981, I became part owner of Liberty Coin Service in Lansing, Mich., and have been full owner since … Continue reading

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Gold for profit or wealth preservation?

There seems to be some confusion among buyers of bullion-priced precious metals as to their motivation for making such purchases.  Are they buying gold and silver to preserve their wealth indefinitely through diversification (which I refer to as owing precious … Continue reading

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Silver gets cheaper relative to gold

As of morning trading on Sept. 29, the gold/silver ratio exceeded 69:1. In my mind, that makes silver much more attractive for appreciation potential than gold (Even though I still like the intermediate to long-term prospects for gold). The big … Continue reading

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Soft metals weaken U.S. coin prices

The spot price of silver in world market’s yesterday dipped as low as $17.28, its lowest levels since March 2010. Gold declined close to $1,200, but did not fall below that threshold or below the $1,180 intra-day price of Dec. … Continue reading

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Dollar up, gold down; why?

The U.S. Dollar Index closed last Friday at 84.25. For the ninth consecutive week, the Dollar Index has finished higher than the quote from the end of the previous week. This is the longest string of consecutive weekly increases since … Continue reading

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Silver fall ready to reverse?

From July 29 to Sept. 2, managed money traders (which include large hedge funds, commodity pool operators, commodity trading advisors and similar companies) decreased their net long position in COMEX silver contracts from 14,063 to 6,542. Since each contract represents … Continue reading

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Will gold become plentiful?

Eight weeks ago, my column in the Numismatic News/NumisMaster e-newsletter discussed how future nanotechnology capability could make it possible to counterfeit coins that would be indistinguishable from the originals even if analyzed at the atomic level. (Read the article here.) … Continue reading

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Gold bond new investor option

Two weeks ago, Rand Merchant Bank, a subsidiary of FirstRand Bank, Ltd., South Africa’s second largest bank, listed on the Johannesburg Stock Exchange a new five-year security called FirstRand Gold Bond. This issue is limited to 2 billion rand (about … Continue reading

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Coin, paper money prices change constantly

Numismatic price guides and reporting services are just that – guidance on value rather than absolute guarantees of price. In even the best circumstances, there is not any single price guide or reporting service that can tell a collector or … Continue reading

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