Author Archives: Pat Heller

Dollar falls

Much has been discussed about the strength of the U.S. dollar over the past year. Yes, it has been stronger than other currencies over that time. However, I may be among the first to report that the dollar has been … Continue reading

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Repeal sales taxes

The Michigan state government subjected coins and precious metals bullion to state sales tax until mid-1999. I can’t tell you how many times before then that incredulous would-be customers asked, “You mean there is sales tax on money?” Before Michigan … Continue reading

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Gold gains look likely to last

Unusual market volatility in financial markets worldwide has spilled over into precious metals trading as well. At the G-20 Group of Nations meeting of finance ministers and central bank governors in late February in Shanghai, China, there was no consensus … Continue reading

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Are currency devaluations imminent?

Eight days ago, the New York Federal Reserve warned that asset managers are vulnerable to runs on their funds that could cause “significant negative spillovers” across financial markets. The prime minister of Japan, president of the European Central Bank, and … Continue reading

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Paper currency values getting clobbered across the globe

Negative interest rates are spreading across the globe and, according to Federal Reserve Chair Janet Yellen, may soon come to America. One effect of negative interest rates is that it discourages people from holding that currency. As capital flows out … Continue reading

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Gold up, financials down

Through the market closes on Feb. 8, here are the 2016 year-to-date results for some financial markets: Gold    +13.0% Silver     +11.8% Platinum +3.9% Australia S&P/ASX 200     -6.1% Sao Paulo Bovespa -6.4% Palladium -7.8% Dow Jones Industrial Average -8.0% … Continue reading

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New London silver fix needs fixing

Amid complaints that the previous London silver fix mechanism was flawed, a new IOSCO-compliant system was implemented in April 2015. The claim was that the new process would be technically driven, manipulation-resistant, comprehensive, and transparent. Now, 10 months later, it … Continue reading

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Silver uses multiply through research

The physical properties of silver make it usable for a wide variety of products. In days of the Roman Empire, people knew to place a few silver coins into water cisterns to help it remain potable. Yet, when silver was … Continue reading

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Collectors should own a little bullion

There is significant overlap between an interest in numismatic collecting and in the financial prospects for owning physical precious metals. For example, many longtime collectors were able to set aside U.S. silver coins at face value that they pulled out … Continue reading

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Gold up in pesos

The price of gold is quoted worldwide in U.S. dollars, though payments in other nations are normally made in the local currencies.  As measured in U.S. dollars, the price of gold fell 11.1 percent over the course of 2015.  By … Continue reading

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