Author Archives: Pat Heller

Gold, silver supplies drop

At the New York COMEX close last Friday, the spot price of gold was down about $77 (5.8 percent), and silver fell almost exactly $2 (10.8 percent) from June 30, 2016. Absent other factors, you might expect that means that … Continue reading

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Silver coins beat the house

Fifty years ago, my mother purchased a home for $29,000. Three years ago, one of my brothers purchased the home from my mother’s estate for $100,00. Did this home really more than triple in value over the years? Absolutely not! … Continue reading

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Texas home for your gold?

In some weeks, it seems like there are more developments that have, or will have, a significant impact on precious metals markets than in other weeks. Last week brought a plethora of such news: On June 14, Texas State Comptroller … Continue reading

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New quarters promote education

Around the beginning of February next year, the America the Beautiful quarter honoring Michigan’s Pictured Rocks National Lakeshore will be released. The company in Michigan where I work is already preparing to use the release of these coins to foster … Continue reading

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Eight bullion bargains reviewed

Premiums are down for bullion coins. Here are eight bullion items to look at right now. In helping to establish retail prices at the company where I work, we check the price formulas used by several national competitors. It seems … Continue reading

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Roll back sales taxes

Progress is being made on the state sales tax exemption front. Let’s take a look. Virginia: Earlier this year, the state of Virginia not only renewed its existing precious metals bullion sales tax exemption, it expanded the exemption to rare … Continue reading

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Gold in vault, yes or no?

Officially the United States government holds about 261 million ounces of gold reserves. The last audit of this gold was 64 years ago. However, in testimony to Congress a few years back, the general counsel for the Federal Reserve testified … Continue reading

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Are gold paper markets at risk of failure?

The June 2017 Over-The-Counter options contracts expire in London at the end of next week. But, the COMEX June 2017 Gold Options contracts expire on Thursday, May 25. By the COMEX close on May 25, we should have a strong … Continue reading

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Metal supplies tighten

About two months ago, after considering the extent of gold and silver prices thus far in 2017, I forecast a more than 50 percent probability that the prices would reach $1,300 and $20 by the end of April. Although I … Continue reading

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Premiums up as metals drop

From Friday, April 28, to Friday, May 5, the COMEX closing gold and silver prices fell 3.3 percent and 5.6 percent, respectively. Normally when you have such a dramatic price decline, that should indicate a significant increase in supplies or … Continue reading

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