Author Archives: Pat Heller

Texas takes its gold

On June 12, Texas Governor Greg Abbott signed legislation to establish a state-run gold depository in the Lone Star State. In a statement, Abbot said, “The Texas Bullion Depository will become the first state-level facility of its kind in the … Continue reading

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$950 gold then surge?

In an interview with the ET Now, website of The Economic Times, commodity guru Jim Rogers last week said, “The U.S. dollar is not a safe haven but people think it is, and they do not know what else to … Continue reading

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How much gold in China?

On May 15, the Russian news source Pravda passed along an unconfirmed story that appeared in Duowei News that the Chinese government had accumulated 30,000 tons (965 million ounces) of gold reserves. China last updated their published gold reserves figure … Continue reading

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Do coin shops have a future?

In the past week, I have visited multiple coin shops in Michigan and in the Dallas/Fort Worth area. Then I talked with even more dealers at the Texas Numismatic Association show. A theme that often came up is what will … Continue reading

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Swiss bank UBS to cooperate with Justice Department

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

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Global markets show trouble

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

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Don’t believe gold bears

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

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End of cash?

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

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Golden moments in movie

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

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Derivatives pose threat

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

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