Author Archives: Pat Heller

Who will go broke?

My 2015 prediction is coming to pass. It’s going to affect your finances, your cost of living, possibly the value of numismatic items and the prices of gold and silver. Two years ago, the Governmental Accounting Standards Board adopted new … Continue reading

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Safer with gold, silver

Federal Reserve Chair Janet Yellen testified on July 12 before the House Financial Services Committee. After her testimony, she was asked a question by Rep. Steve Pearce, R-N.M., about the size of the federal government’s debt. Her response was, “Let … Continue reading

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Trades smash silver

In the previous two weeks, there have been three large dumps of precious metals. Although the regular media has tried to generally portray these as likely “fat finger” erroneous, the frequency of these trades and their precise timing is extremely … Continue reading

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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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