Posts about Gold Coins as of August 11, 2009

By Michael J. Kosares, USAGOLD There is an old saying that in the land of the blind, the one-eyed jack is king. Similarly, in the land of little or no yield and plunging asset values, there is something to be said for that which holds its own, as gold did in USAGOLD’s Annual Survey of Investments for 2009. When viewing the chart, please keep in mind that it covers the 365 days from July through June.

Terry Tao, math savant, blogger, and 2008 Waterman prize winner, does some nifty analysis to put the economy, among other things, in perspective.  In one post he muses on how scaling the national economy to resemble a family economy provides an interesting perspective on the precious metal, gold:Gold is indeed a tiny part of the modern world economy; the supply of gold has not grown nearly as fast as the world population multiplied by the material standard of living in recent centuries.

The U.S. Treasury’s high-handed seizure of a 1933 St. Gaudens Double Eagle from a British dealer lured to America under false pretenses by a Secret Service Agent posing as a buyer for the coin is outrageous to me, and should be highly disturbing to you, the collector. The arrest of this dealer, Stephen Fenton, and of his American agent, Jay Parrino, on charges of allegedly possessing stolen U.S. government property is frightening to all of us. Popular legend has long held that no 1933 Double Eagles were ever “officially” released by the U.S.

Record high precious metal prices are attracting buyers and sellers of old gold jewelry. With the economy in near-ruin and slumping home values, old gold has become the new standard once again. The price today has exceeded $1000 per ounce and would-be-sellers are now flocking to sell scrap gold to refiners to take advantage of selling their unwanted gold for a record high. “People are looking for the best places to get cash for gold jewelry” says Warren Price of a Seattle’s North pawn industry.

A doctor, investigating a young woman’s apparent suicide in a Balkan village, discovers the locals believe the ghost of a baron’s daughter is responsible. The victims in the small Transylvanian village are being found dead with gold coins planted in their hearts. Director Mario Bava’s chiller stars G. Rossi Stuart …

In times of economic and political instability, investing in gold becomes an attractive option. While many investors simply buy gold bars, astute collectors have made fortunes by investing in certified gold coins. If you having been wanting to add gold to your investment portfolio, and want to know more about gold coins, then please continue reading… Full Article: How Investing in Gold Coins Now Will Help You Retire Secure - NuWire

James Giordano, winner of the $1,000 buy-in event at the Bellagio Cup II in August, was arrested last week in Miami for allegedly heading one of the largest illegal gambling operations in U.S. history. On Wednesday, the Queens District Attorney’s Office and the New York City Police Department made several arrests following the filing of 33 indictments against 27 people and 3 U.S. web technology companies.

There’s a lot of Internet chatter these days about the possibility of the U.S. government seizing its citizens’ private gold holdings. What are the chances? Well, it’s always good to bear in mind that there is no telling what the government might do. It’s already doing things that were unthinkable just a few years ago. If President Obama believes there is political hay to be made from seizing your gold – or even if he sincerely thinks such a move would be “good for the country” – we’re sure he won’t hesitate to make the grab.

There are investors who are acquainted with all the facets of selling and buying of gold and they do it on a regular basis. The common man may sell gold in need of funds during an emergency or it can also be a reaction to some potential in the market. If you want to sell gold for cash and do not know how to go about it, the information provided here should be helpful. Gold is kept in possession for various reasons, such as asset protection, or waiting for the time when value of gold increases so that it can be sold.

When my grandpa passed on, me and my parents read his will, which stated that he had bars of gold hidden in a crawlspace in the attic! It was pretty funny; because gramps had always talked about how much smarter it is to have gold than cash. We always thought he was a little goofy for this, but we had no idea he had actually invested in gold and stored it away in the attic! But, with an economy like ours today, you have to wonder if gramps was right.

There’s a lot of Internet chatter these days about the possibility of the U.S. government seizing its citizens’ private gold holdings. What are the chances? Well, it’s always good to bear in mind that there is no telling what the government might do. It’s already doing things that were unthinkable just a few years ago. If President Obama believes there is political hay to be made from seizing your gold – or even if he sincerely thinks such a move would be “good for the country” – we’re sure he won’t hesitate to make the grab.

Money is the most common medium of exchange, representing and functioning as legal tender. But how did man develop a world in which currencies are traded speculatively, where some are pegged against others, where others float – and where money can be exchanged without money being exchanged? Surely this was a gradual process, from cavemen trading saber-toothed tiger pelts to investing in weighted baskets of currencies in real time, the development of modern money contains many interesting steps along the way.