Author Archives: Pat Heller

Silver advances boost demand

Silver has a number of properties that can make it useful in a wide variety of industrial applications. More than 50 years ago, the use of silver to strike coins was a major industrial use of the metal. Before the … Continue reading

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Yuan use, prestige rise

What was perhaps the most important news development in the last week that will impact precious metals prices in the long run? No, I don’t think it had anything to do with the U.S. presidential elections. In my assessment, no … Continue reading

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Vote and hold gold

In the second half of summer, trading volume in physical precious metals declined significantly. Then, following the significant price drops on Oct. 4, there was a jump in buying demand. However, this buying surge has since partially tailed off. In … Continue reading

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Mint holds forum

On Oct. 13, the U.S. Mint conducted its Numismatic Forum in Philadelphia at the Federal Reserve Bank, followed by a reception at the U.S. Mint. I was one of those invited and was among approximately 50-55 people to come to … Continue reading

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Bullion drop sparks shortages

Last week, the price of gold dropped almost five percent, silver was down almost 10 percent, platinum fell nearly seven percent, and palladium was off close to eight percent. Are precious metals crashing? Yet, at last Friday’s closes, gold’s price … Continue reading

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Ask public for quarter design ideas

The process by which the U.S. Mint comes up with the designs for the series of America the Beautiful Quarters does not include any input from the general public. Does that seem fair to you? It sure doesn’t to me. … Continue reading

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Mint seeks advice

The U.S. Mint is conducting a Numismatic Forum at the Federal Reserve Bank of Philadelphia on Thursday, Oct. 13. According to Tom Jurkowsky, the US Mint’s Chief of the Office of Corporate Communications, “The purpose of the event is to … Continue reading

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Gray areas in tax exemption law

Earlier this year, Ohio Governor Kasich signed into law Senate Bill 172. This law adds provision 54 in Section 1 to establish a sales and use tax exemption on the retail sales of “investment metal bullion” and “investment coins,” which … Continue reading

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Is cash a curse?

Kenneth S. Rogoff is the former chief economist at the International Monetary Fund and now a Harvard professor. His latest book, titled “The Curse of Cash,” has just been released. Rogoff identifies two reasons why the use of cash should … Continue reading

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Money can teach much if we let it

By examining and learning about coins and paper currency, you can educate yourself about art, communication, culture, economics, geography, history, languages, industrial production, mathematics, science and a lot more. Here are just a few questions for which the answers can … Continue reading

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