Author Archives: Pat Heller

IMF to add Chinese yuan to SDR – now what?

As expected, on Monday, Nov. 30, the International Monetary Fund Executive Committee approved the addition of the Chinese renminbi yuan to the IMF’s Special Drawing Rights. The change in the makeup of the currencies used to define the SDR should … Continue reading

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Avoid scams, know options

Just about any coin dealer who has been actively in business for any length of time has been contacted by people who have been taken advantage of by high-pressure rare coin marketers. Unfortunately, a disproportionately large number of these victims … Continue reading

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Cash gets you lower prices

Buyers with cash are gaining the  upper hand in significant areas of the market. I walked the floor at the Baltimore Winter Expo last week.  The activity there was about the lightest I have seen over the years of attending … Continue reading

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Caution and technology empty show

This past Saturday, my company had a booth at the Kalamazoo (Michigan) Numismatic Club show. This twice-a- year event has been a popular venue for decades for collectors and dealers to meet face to face to conduct business. The weather … Continue reading

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Defend yourself with gold

As the Great Depression deepened in the early 1930s, banks were experiencing a surge of customers withdrawing their balances. Since the Federal Reserve had established fractional banking, a process where banks could loan many times the actual reserves held by … Continue reading

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Metal demand drops

In the past few weeks, retail demand in the United States for physical precious metals has tapered off. There are several factors that could be contributing to this decline in demand. • Since gold and silver prices dropped to multi-year … Continue reading

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Dollar decline not sudden

“You cannot have real peace and prosperity unless you can absolutely trust the money.” That is a paraphrase of a comment by silver guru David Morgan on Oct. 24, 2014, at the Silver Summit in Spokane, Washington. When I heard … Continue reading

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Lowest price or best value?

Every day at my company I am aware that the bullion-priced precious metals coins and bars that we sell can also be purchased from any of the nation’s 5,000 coin and precious metals dealers. These products will be fungible, meaning … Continue reading

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Squeeze pushes gold higher

The world price of gold is dominated by trading of paper contracts in the London and New York markets. The trading of physical gold has minimal impact upon the spot price – thus far. The New York COMEX gold market … Continue reading

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Avoid problems with precious metals IRAs

For more than a decade I have pointed out conceptual weaknesses with the idea of owning precious metals Individual Retirement Accounts (IRAs). As one example, it does not make sense to place a tax-deferred asset such as physical gold and … Continue reading

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