The Inflation Imperative – Gary Christenson RSS Feed – 24hGold Editorials and commentaries

Stock Market Sloppy Pullback Day, but Still a Positive Close

The stock market indices had an up day, but they closed near the low end of the range, and the S&P 500 closed at the low for the day. It was such a strong gap up in the morning that it ended profitable on the session, but wasn’t a good close. The day started out with a big gap up, they ran up to test the old, 52-week highs and all-time highs on both the S&P 500 and Nasdaq 100, but fell short of both, and sold off until midday when they bounced. They were unable to do anything, and sold off again, finishing near the lows for the day, but, still, it was an up day.
The Market Oracle

M2 Money Velocity Began Dying in 1997 And What That Means For Us RSS Feed – 24hGold Editorials and commentaries

Proof Positive the Economic Recovery Is a Myth

For years, I’ve been warning that all claims of economic “recovery” in the US are complete fiction. We now have definitive proof in the form of tax receipts.
The Market Oracle

Central Banks Are Terrified… But of What? RSS Feed – 24hGold Editorials and commentaries

Suspicious Reversal in Gold Price

Gold moved lower early during yesterday’s session, but came back up later on and finally gold ended the session only less than $ 3 lower. Can we view such a reversal as a bullish sign? Not necessarily – a reversal should be confirmed by high volume and yesterday’s session wasn’t. Consequently, one needs to look at other parts of the precious metals sector for confirmations.
The Market Oracle

Gold Rebounds Slightly; US Mint Bullion Sales Rise

Precious metals rebounded Tuesday as the U.S. dollar declined. Gold futures logged their first increase in three sessions, climbing from a two-week low. Gold for December delivery gained $ 2.70, or…

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Coin News

Germans Warned To ‘Stockpile’ Food, Water and Cash In Case Of ‘War’

The German government is warning its people to ‘stockpile’ food, water and cash in case of ‘war’. For the first time since the end of the Cold War, the German government is set to tell citizens to stockpile food, water, medicine, fuel and cash in case of war, an attack, catastrophe or “national emergency”, the Frankfurter Allgemeine Sonntagszeitung newspaper reported on Sunday.
The Market Oracle

Largest cupped silver coin?

Would you like to see the U.S. Mint strike a cupped three-inch, five-ounce silver coin, which has never been done before?

If yes, you might be interested to know that time is running out for Congress to authorize commemorative coins marking the 50th anniversary of the Apollo 11 moon landing in 2019, according to its supporters.

Legislation calling for up to 50,000 gold $ 5 coins, 400,000 silver dollars and 750,000 clad half dollars has been introduced in both the U.S. House of Representatives and the U.S. Senate.

These would be struck in both uncirculated and proof finishes as is standard in modern commemorative programs.

The coins also would have the same cupped shape that proved so popular with collectors in 2014 for the Baseball Hall of Fame coinage.

What is ground-breaking in this legislation is that it also calls for up to 100,000 proof-only dollar coins made of five ounces of silver like the modern America the Beautiful series coins that have a diameter of three inches.

This would be the first cupped U.S. coin struck in such a large size.

Surcharges of $ 35 for the gold, $ 10 for the silver dollar, $ 5 for the clad half and $ 50 for the new cupped three-inch dollar coin would be charged.

Both Congressional chambers must pass identical legislation before it can be sent to the President’s desk for his signature.

There are 297 co-sponsors in the U.S. House of Representatives for H.R. 2726. This is enough for it to be brought to the floor for a vote.

However, the companion bill with identical provisions, S.2957, languishes in the Senate with just four co-sponsors: Senators Cory Gardner, D-Colo; Marco Rubio, R-Fla.; Gary Peters, D-Mich., and Michael Bennet, D-Colo.

The other 96 have not acted to become co-sponsors.

Give your senators a nudge. Every state has two.

Unless you live in Colorado, whose two senators are co-sponsors, you have work to do.

Contact your senators and tell them to sign on as co-sponsors.

Helpfully, the Library of Congress has a website that not only identifies your senators but also tells you how to contact their offices electronically.

Finding your member of the Senate and contacting him or her can by done by following this link:

Get going. Such an important event deserves to be commemorated.

The Mint needs time to study the technical challenges of striking such a large cupped coin.

Time is running out because if the legislation is not passed this year, the legislative process has to begin again next year with the introduction of new bills in the new Congress that will be chosen in the November election.

Buzz blogger Dave Harper has twice won the Numismatic Literary Guild Award for Best Blog and is editor of the weekly newspaper “Numismatic News.”

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The Grozny Tourist Bureau, a short story by Anthony Marra – Irish Times

Irish Times
The Grozny Tourist Bureau, a short story by Anthony Marra
Irish Times
“Foreign investment,” the minister continued. “Most others don't … Third, and most important, he must be that rare government man without links to human rights abuses on either side of the conflict. Do you meet … Nothing on the floorboards but the

rare coin collecting investment – Google News

United States Mint Unveils Designs for Boys Town Centennial Commemorative Coins

BOYS TOWN, NEB. – Designs for coins commemorating the 100th anniversary of the founding of Boys Town were unveiled today during a ceremony at Boys Town Music Hall in Boys Town, Neb. 

United States Mint Press Releases/Public Statements

Is the EU Volcano About to Erupt? RSS Feed – 24hGold Editorials and commentaries

2016 American Liberty Silver Medals Launching

Collectors may need to act fast today, Aug. 23, if they want to get 2016 American Liberty Silver Medals. They go on sale directly from the United States Mint beginning at noon Eastern Time…

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Coin News

EU Olympics Medals Table Propaganda Includes BrExit Britain

The EU’s ministry for propaganda is painting a picture of erasing its member states sports persons hard work by slapping it’s EU logo onto the medals table resulting in artificial result of twice the number of medals won than the US sporting hyper power at the Rio Olympics by including BrExit Britain in its medals tally when the truth is the Olympics exposes the European Union as being an entity that is literally suffocating its nation states in all aspects of life from sports to security to economy. When the truth is that NO athlete competed for the EU, not one!
The Market Oracle

2016-S Enhanced Uncirculated Native American $1 Coin Finishes, Values, Photos and Video

2016 American $ 1 Coin and Currency Sets pair an exclusive 2016 Enhanced Uncirculated Native American $ 1 Coin from the U.S. Mint in San Francisco with an uncirculated Series 2013 $ 1 note designated…

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Coin News

Theodore Roosevelt National Park Quarters Available on August 29

WASHINGTON – The United States Mint will accept orders for product options with quarters honoring Theodore Roosevelt National Park in North Dakota starting on August 29 at noon Eastern Time (ET).

United States Mint Press Releases/Public Statements

Hardness, color and clarity scales RSS Feed – 24hGold Editorials and commentaries

Bank of Ireland to Charge for Placing Cash on Deposit

Deposits at Bank of Ireland are soon to face charges in the form of negative interest rates after it emerged on Friday that the bank is set to become the first Irish bank to charge customers for placing their cash on deposit with the bank. This radical move was expected as the European Central Bank began charging large corporates and financial institutions 0.4% in March for depositing cash with them overnight.
The Market Oracle

Precious Metals Decline in Week’s Start; US Mint Eagle Sales Rise

Precious metals ended lower in their start to the new trading week on Monday as the U.S. dollar logged gains. Gold for December delivery shed $ 2.80, or 0.2%, to settle at $ 1,343.40 an ounce on the…

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Coin News

Mistreated coin collectors won’t come back

Are coin dealers who populate the bourse floors of major shows losing their ability to conduct retail business with the public?

Everybody knows that these bourses are becoming more and more wholesale events as fewer collectors attend.

Collectors are content with eBay. They are content bidding on convention auction lots electronically.

Naturally, like football players who are just coming back from the off-season, some coin dealers might need practice to get back into top form in dealing with the public.

I took up this topic this morning because of an email I received Friday.

It reads:

“Just thought I would drop you a quick private comment on my experience at the last ANA show I attended in Chicago. I was there to spend serious money (for me anyway).

“I was only able to spend $ 8K. That was spent at congenial dealers’ tables and one gruff old man whose deal I could not pass. Of the tables I wanted to make purchases from, fully 50 percent were staffed by jerks … and the disinterested pin heads.

“My homework was done. All I required was a quote. One dealer was not at his table the three times I stopped.

“I attended two days (no, not the last day).

“Show promoters could serve attendees and dealers better by dividing the floor in half. One side ‘we’re here to do business!’ The other side, ‘Lookin’ to fight.’”

Those are strong sentiments expressed in the email aren’t they?

Should the retail coin trade be worried?

It is true that in my time as a collector, there have been complaints about dealer behavior from time to time. Humans are not perfect.

Some collectors are not paragons of virtue either.

Back in the 1990s I ran a story in Numismatic News about how collectors should conduct themselves on a bourse floor. I thought it would be helpful.

There was one snippy response sent to me by a collector demanding to know who we thought we were telling him how to behave.

Perhaps there is nothing to be done.

The trends affecting public coin bourses might continue as they are even if we all wear dinner jackets and behave like characters in “Downton Abbey.”

Collectors simply will not show up for events if their expenses can be cut and purchases can be duplicated online.

However, if the perception of this coin collector email writer becomes commonplace, it will hasten the end of many public shows.

Buzz blogger Dave Harper has twice won the Numismatic Literary Guild Award for Best Blog and is editor of the weekly newspaper “Numismatic News.”

• Like this blog? Read more by subscribing to Numismatic News.

The post Mistreated coin collectors won’t come back appeared first on Numismatic News.

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