Author Archives: Pat Heller

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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Palladium coin coming and new quarter designs

Last week, the U.S. Mint made several announcements during the American Numismatic Association’s World’s Fair of Money in Denver, Colo. In September, it will begin selling bullion-priced 2017 one-ounce palladium Eagles to Authorized Purchasers. Collectors and investors will be able … Continue reading

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ICTA offers map to repeal tax

When North Carolina Governor Roy Cooper signed House Bill 434 into law on July 25, that state became the 36th that has either no sales tax at all or complete or partial sales and use tax exemptions on the retail … Continue reading

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Who will go broke?

My 2015 prediction is coming to pass. It’s going to affect your finances, your cost of living, possibly the value of numismatic items and the prices of gold and silver. Two years ago, the Governmental Accounting Standards Board adopted new … Continue reading

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Safer with gold, silver

Federal Reserve Chair Janet Yellen testified on July 12 before the House Financial Services Committee. After her testimony, she was asked a question by Rep. Steve Pearce, R-N.M., about the size of the federal government’s debt. Her response was, “Let … Continue reading

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Trades smash silver

In the previous two weeks, there have been three large dumps of precious metals. Although the regular media has tried to generally portray these as likely “fat finger” erroneous, the frequency of these trades and their precise timing is extremely … Continue reading

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