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Letters to the Editor
- Letters to the Editor (5/12/2015) Coin counting machines yield collectible coinsTo Bob Klippstein:I read your letter to NN about your find in your local grocery store’s Coinstar coin counting machine. I would like to congratulate you on your first find, the ‘43 “steely.” I hope t...
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Author Archives: Pat Heller
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
In my mind, the primary reason to own physical precious metals such as gold or silver is as “insurance” against the risk of loss in the values of paper assets such as stock, bonds, and currencies. Twice in the past … Continue reading
The British news magazine called The Economist has been around since the mid-1800s. Early on, it had a relatively free enterprise outlook. In recent decades, however, it has generally tilted to the mainstream of the political spectrum. Still, I find … Continue reading
The U.S. Coinage Act of 1965 was enacted in reaction to the dual developments of a rising silver price and the devaluation of the U.S. dollar. It eliminated silver from circulating dimes and quarters and reduced the silver purity of … Continue reading
As regular readers of my columns know, I financed the production of the movie “Alongside Night.” The film had some sneak previews in 2013 and a limited theatrical distribution in 2014. In two to four weeks the DVD and Blu-Ray … Continue reading
For all the pretending by U.S. government officials and the regular media, it is obvious that, outside of the public eye, something terrible is developing. Ultimately, the problem may be a developing crash in the derivatives markets. Derivatives, simply stated, … Continue reading
When Virginia’s sales and use tax exemption on bullion sales takes effect on July 1, it will be the 32nd state to have complete or partial exemptions on this kind of merchandise. The Virginia effort took less than a year. … Continue reading
A week ago, Eugene King, a Goldman Sachs European metals and mining analyst, wrote in a research note that the world has about 20 years each of minable reserves of gold, diamonds and zinc. He further stated that there were … Continue reading
Questions over the ability and willingness of the Greek government to repay its debts, when the Federal Open Market Committee might raise some benchmark interest rates, the expansion of military conflict in the Middle East and the change in determining … Continue reading
Last week, I discussed two new developments in the numismatic and precious metals markets. I did not discuss the action of the precious metals prices before and after the Federal Open Market Committee post-meeting announcements last Wednesday afternoon. What happened … Continue reading