Author Archives: Pat Heller

Another good year for gold

Gold prices rose in 2011 for a 12th consecutive year. It started the year at $1,388.50 a troy ounce on the London Fix at the close of business Jan. 4, 2011, according to historical data at the Kitco website, www.kitco.com. Continue reading

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Silver $50-$60 by year end

Silver will likely rise by 25 percent to 50 percent by year end. That would take the price to roughly $50 to $60 a troy ounce. My reasoning follows:In mid-August, I wrote that the Federal Reserve’s weekly report of the money supply showed it rising by its greatest percentage in history except for two other weeks (those being the week including Sept. 11, 2001, and the week in 2008 when Lehman Brothers failed). I pointed out that this increase was almost certainly in anticipation of some looming major financial crisis. Continue reading

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Premiums fall for classic gold coins

There was a golden opportunity in Baltimore. Buyers of classic U.S. gold coins were the beneficiaries. The June occurrence of the thrice yearly Whitman Coin & Collectibles Expo Baltimore was held June 17-19. Each of these events is among the larger coin shows in the country, though the one held in June is normally the least active of the three. Continue reading

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One more big precious metals fall?

In the first two days of May, gold and silver prices dropped sharply. By mid May, silver had fallen about one-third from its end of April peak, while gold lost about 10 percent. These moves were a greater percentage fast decline than had been experienced in the previous two years. The size of the drop and the subsequent price volatility has left a number of our customers concerned that there may be one more major price drop before prices resume their overall upward trend. Continue reading

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Snow hurts dealer show attendance

The Feb. 3-5 Long Beach show dealer attendance was hurt by the major snowstorm that hit the eastern half of the United States. A noticeable number of Midwest and East Coast dealers who would normally attend never made it. Continue reading

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