Author Archives: Pat Heller

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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Dealers close down in Minnesota

At last week’s American Numismatic Association World’s Fair of Money in Rosemont, Ill., I was able to gather many more details on the evolution of the Minnesota coin dealer registration law that became effective July 1. Apparently, Minnesota was the … Continue reading

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$50 silver sooner than you think?

In mid-July, my column discussed the huge increase in short sales of silver commodity contracts on the COMEX during June and into early July.  The net increase of 240 million ounces of paper silver owed to buyers of these contracts … Continue reading

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Visit coin shops to see what works

I have previously written about the educational value that collectors can obtain by visiting their local coin shops, even if it turns out that a local dealer is not really able to serve a particular collector’s interests. Coin dealers can … Continue reading

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Big move higher coming for silver

From the COMEX exchange’s weekly position reports, the commercial traders increased their net short position from June 3 to July 8 by more than 240 million ounces. This amount represents nearly 30 percent of annual worldwide new silver mining production. … Continue reading

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Will perfect copies destroy values?

Will nanotechnology develop sufficiently in the future to make it possible to create perfect duplicates that will not be distinguishable from the genuine original coins and paper money? Nanotechnology is technology on the scale of one billionth of a meter.  … Continue reading

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