Tag Archives: Patrick Heller

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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Currencies and Stocks Plummet in Value Against an Ounce of Gold

By Patrick Heller  The main reason why I advocate that people should own some bullion-priced physical gold and silver coins and ingots as part of their investment portfolio or net worth is to serve as a form of “wealth insurance” … Continue reading

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Three States Considering Repeal Of Coin/Bullion Sales Tax Exemptions

In recent years, state, county, and local governments were finally required to include on their financial statements the net present value of unfunded liabilities for employee pensions and retiree health care and other retirement benefits. Michigan’s state government now discloses, … Continue reading

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Are Numismatic Sales Rising?

By Patrick Heller As most experienced collectors know, the published data on “wholesale” prices are not necessarily accurate.  At any time, my experience is that some coins and currency trade at a premium to these figures while others clear the … Continue reading

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Panama’s Monetary System

By Patrick Heller Last week, I returned from a brief vacation in Panama.  I did not have to change my U.S. dollars for local currency since the U.S. dollar is the legal tender currency there. Since Panama (with the backing … Continue reading

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Wayfair Tax Nightmare Comes to Light For Coin Dealers

By Patrick Heller As explained during the Industry Council for Tangible Assets meetings at the Florida United Numismatists convention in Orlando earlier this month, dozens to hundreds of coin dealers are now facing requirements to register with state treasury departments … Continue reading

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Gold Hits Third Highest Ever Year-End Price In 2019

By Patrick A. Heller The price of gold closed on the New York COMEX at $1,519.50 on December 31, 2019. That was the highest year-end close since it settled at $1,674.75 at the end of 2012. Here is a list … Continue reading

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Retail Market Survey: Gold is Good

by Patrick A. Heller  Last week, the World Gold Council released a different survey on the retail gold market. A total of 18,000 people were surveyed, 2,000 investors each in Canada, China, Germany, India, Russia, and the United States and … Continue reading

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Gold And Silver Promote Peace

No one knows for certain how the concept of “money” originated.  There have been various theories posited over the centuries.  The idea that I find most sensible is money was created as a means for paying mercenaries, soldiers from one … Continue reading

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