Author Archives: Pat Heller

Put coins in children’s hands

I have just returned to the office from participating in the U.S. Mint’s Numismatic Forum in Washington, D.C. Next week, I will go over the event in more detail. However, there was one simple comment during the program on how … Continue reading

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Gold: A rock in life’s storms

What would you do if you lost access to all of your electronic asset and payment sources? This is no longer a theoretical question. Just look at the widespread destruction across the Caribbean and Southeastern United States over the past … Continue reading

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Currencies fail, gold doesn’t

The track record of unbacked paper currencies is that they all eventually fail. Since 1975, paper currencies issued by the following countries (and there may be more) have become worthless and were replaced by something else: Angola, Argentina, Bolivia, Bosnia, … Continue reading

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Fed can’t reach ‘normal’

At the conclusion of their latest meeting Sept. 20, the Federal Open Market Committee (FOMC) added an extra sentence toward the end of their statement. It said, “In October, the Committee will initiate the balance sheet normalization program described in … Continue reading

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Cash tight in bullion market

Although there were some spurts in retail demand over the past two months or so in the United States overall, Americans are continuing much more towards liquidating their physical precious metals. By itself, this market is so skewed that it … Continue reading

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Diamonds as money?

Last week, the Israel Diamond Exchange announced that it had signed an agreement with a start-up company named CARATS.10 to create a diamond-backed digital cryptocurrency. Although details are sketchy at this point, the concept is that the new currency, to … Continue reading

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Changing currencies adds business

Ever since my company opened in 1971, it has dealt in buying and selling foreign currency exchange. For decades, the approach was to purchase it below the exchange rate. Then, if any customer wanted it, they could buy it right … Continue reading

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Gold rises despite obstacles

I have mentioned repeatedly that the price of gold serves effectively as a report card on the U.S. dollar, U.S. government, and U.S. economy. For many people around the world, the choice for holding safe haven assets is between U.S. … Continue reading

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How high for gold and silver?

I am regularly asked my opinion as to what levels gold and silver prices will peak, with the underlying question really being when would be the time to cash out for the maximum result. The simple answer is I don’t … Continue reading

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Europeans raise gold stakes

I have previously stated that European gold demand has been strong. The World Gold Council Gold Demand Trends for the second quarter of 2017 provides some hard data to confirm just how much it has grown. While a comparatively small … Continue reading

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