Author Archives: Pat Heller

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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FTC turns the screw

The Federal Trade Commission (FTC) is seeking comments by April 4, 2016, to U.S. Code Title 16 Chapter I Subchapter B Part 23, which is “Guides for the Jewelry, Precious Metals, and Pewter Industries.” You can read the current regulations … Continue reading

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Zimbabwe makes yuan legal tender

Early last week, Zimbabwe government officials announced an agreement with the Chinese government for that African nation to designate the Chinese yuan as its official currency. This development has been almost totally ignored by U.S. media, but has received wide … Continue reading

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Money: Good or evil?

It seems like almost everyone has heard the phrase “money is the root of all evil” during their lives. There are a lot of people who believe that statement to be true. For such people, they suffer from two misconceptions. … Continue reading

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Do grams or ounces win?

Today, the usage of the troy ounce unit of weight is down to almost only measuring the mass (weight) of precious metals.  In the past it had been used as part of the apothecary system and was the base of … Continue reading

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