Tag Archives: COMEX

Is it ‘Too Late’ to Buy Gold, Silver?

By Patrick A. Heller Ignoring the effects of inflation of the money supply, the price of gold this week reached an all-time record high, closing on the COMEX on Aug. 5 at $2,031. Silver’s COMEX close on the same day … Continue reading

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Record High Gold Price?

This week, the price of gold reached an all-time high price against the U.S. dollar. It closed Wednesday this week on the COMEX at $1,953.50 per troy ounce, well above even intraday gold prices during the previous peak in September … Continue reading

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Sneaky COMEX Rule Changes

By Patrick A. Heller The COMEX began trading gold futures contracts shortly after it was again legal for Americans to own gold at the beginning of 1975. An explicit purpose for setting up this gold exchange was to help manage … Continue reading

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Why Isn’t Gold $3,000+?

By Patrick Heller  For 6,000 years, long before the first coins were created, gold has been used as a safe haven medium of exchange. Physical gold (and silver) have never failed in preserving wealth. This is in sharp contrast to … Continue reading

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Did The London/New York Markets Default On Gold Deliveries?

By Patrick A. Heller  On Tuesday, March 24, two different bullion wholesalers told us that the London Bullion Market Association, the world’s largest gold market, was not delivering any gold to settle maturing contracts that had been called for delivery … Continue reading

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What is the Correct Gold/Silver Ratio?

If you look at the COMEX closes on March 24, the spot price of gold was about $1,585.00 and silver was about $14.23. If you divide the price of gold then by the price of silver, you get a ratio … Continue reading

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Precious Metals Spot Prices Down, Physical Market Premiums Up Strong

For those of us who have seen volatile markets multiple times over the decades, it is entirely understandable that when the spot prices in the “paper” commodity markets suddenly plummet, the premiums for actual physical gold and silver coins and … Continue reading

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How High Could Gold Go?

By Patrick A. Heller The U.S. Exchange Stabilization Fund (ESF) was established as part of the Gold Reserve Act of Jan. 31, 1934. It began operations in April that year, funded with $2 billion of the $2.8 billion paper profit … Continue reading

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Are Pre-1934 US Gold Coin Prices Tracking Gold Price Increases?

From the New York COMEX closes on Dec. 28, 2018, to Sept. 3, 2019, the price of gold jumped 20.2%.  How have the prices of common-date Pre-1934 U.S. Gold Coins fared over them time period? At my company, here are … Continue reading

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Why Gold’s Price Is Destined To Keep Rising

A number of so-called financial experts are pretending to know why the price of gold is now up 17% and silver 15% since the end of April. Most of them don’t have a clue. True, the price of gold can … Continue reading

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