An Even More Bullish Wave Count for GOLD! – Daily-Elliott-wave-analysis

Article – http://www.marketoracle.co.uk/Article58879.html
The Market Oracle – Financial Markets Analysis and Forecasts (http://www.marketoracle.co.uk)

Are silver dollars really the preferred choice?

If collectors are given a choice between a commemorative silver dollar and a clad half dollar, which would they choose?

I have always simply assumed it was the dollar coin because it is made of silver.

A clad half dollar seems to have so much less prestige.

I ask the question after studying the latest sales results from the Boys Town program.

The Boys Town clad half dollar numbers are remarkably close to the silver dollar totals if you combine the proof and uncirculated numbers.

For the Boys Town silver dollar, the numbers are proof, 18,505 and uncirculated 8,690 for a total of 27,195.

For the clad half dollars, the numbers are 14,554 proofs and 13,319 uncirculateds.

The total is 27,873, remarkably similar to that of the dollar coins.

If we add in the numbers from the three-coin proof set, it boosts both sets of numbers by 4,570.

That puts the silver dollar total at 31,765 and the clad half total at 32,443.

These fairly identical totals cannot simply be written off as collectors buying one of each.

The proofs are strongly favored by the silver dollar buyers.

The total is 23,075 compared to 8,690, or 2.66 to 1.

Half dollar distribution is a little more even.

Proofs are 19,124 compared to 13,319 uncirculated.

That is 1.44 to 1.

So do half dollar buyers come out of hibernation when one of the infrequently offered commemorative 50-cent pieces goes on sale?

They then have a less strong preference for proof coins, with more perhaps buying one of each coin?

Could this be a matter of affordability?

The proof and clad half are priced at $ 26.95 and $ 25.95, respectively, or $ 52.90 if you buy one of each.

That figure is basically the cost of just one silver dollar.

The proof dollar is $ 52.95 and the uncirculated is $ 51.95.

So if you have roughly $ 50 to spend on any given program, clad half dollar buyers can get both proof and uncirculated coins while the silver dollar buyers must choose one or the other.

In the latter case, the proof then wins the showdown.

There are always those who can buy the whole set, or focus on the expensive gold, but even though their purchasing power speaks loudly, the $ 50 customers run up the sales numbers of the cheaper coins.

It would be interesting to see a breakdown of the number of Mint customers who never buy gold.

It would be of further interest to see if that $ 50 price point does in fact exist for them, or is just a figment of my imagination.

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 Are silver dollars really the preferred choice? appeared first on Numismatic News.

Buzz – Numismatic News

Silver and Gold Guarantee Freedom

Silver and gold are not merely valuable commodities, investments, and media of exchange. More importantly, they are key “checks and balances” in America’s legal and political institutions.

The fight against the use of silver and gold as money that has been waged by bankers and rogue politicians since the 1870s as to silver and the 1930s as to gold — and will intensify as fiat currencies collapse throughout the world — is ultimately directed against America’s national independence, her constitutional government, and every common American’s individual liberty and prosperity.

The Constitution of the United States adopted a monetary system consisting of silver and gold coin, in which the standard is the “dollar,” containing 371 1/4 grains (troy) of fine silver, with the values of gold coins to be measured in “dollars” according to the free market’s rate of exchange between silver and gold. Neither the general government nor any state is authorized to emit paper currency.

These restrictions prevent rogue public officials from turning public debts into currency, as a means for redistributing wealth from society to political elitists and their clients in special-interest groups.

Furthermore, although the Constitution does not mention banks, either public or private, its only correct construction requires separation of bank and state — extirpation of all inherently fraudulent fractional-reserve banking schemes — and rigorous regulation of all other fractional-reserve arrangements that might operate fraudulently. (See Edwin Vieira Jr., “Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution,” second revised edition, 2002.)

But since the early 1800s rogue politicians and bankers have steadily subverted the Constitution by forging an increasingly tight relationship between bank and state. Through the grant of one abusive special privilege after another, politicians have immunized fractional-reserve banking against the just economic and legal consequences of its own inevitable failures, so that public officials and bankers could turn both public and private debts into currency — thus separating the supply and the purchasing power of currency from the economic discipline of the free market, and rendering those matters largely political in nature.

Under the Federal Reserve System, Americans no longer enjoy “money” in the economic sense but are subjected to what must be denoted as “political currency,” with emphasis on the adjective. Political currency is emitted on the basis of political debts –that is, either 1) public debts or 2) private debts for the payment of which the creditors expect public bailouts if their debtors default.

Unfortunately, the Federal Reserve System is inherently unstable, and must lurch from one self-generated crisis to another, each increasing in severity, until its house of financial cards self-destructs.

Having separated society’s medium of exchange from the production of real goods and services in the free market — and instead linked the currency to creating, packaging, marketing, servicing, and eventually salvaging political debts — the Federal Reserve system encourages, facilitates, and rewards irresponsibility on the part of both lenders and borrowers, in the private as well as the public sector.

For those who benefit from the system to continue to loot society, the supply of political currency must expand. For that supply to expand, political debts must increase.

True enough, political debts can increase, even geometrically, because political currency can be created (as the saying goes) “out of nothing” to float them. But real wealth cannot be generated simply by the emission of paper promises. Neither can new paper promises pay off old ones.

So, avarice being unlimited, insatiable, and imprudent, the whole operation must cumulate and culminate in an unsustainable bubble of debts that either implodes in a depression or explodes in hyperinflation.

Although the Federal Reserve System is fatally flawed, the wealth and power of elitists in high finance, big business, and the political class depend on maintaining it — or replacing it in a timely fashion with something of equal serviceability for their ends.

As it cannot long be maintained, it must and will soon be replaced. With what remains a matter for speculation. Not open to the slightest doubt, however, is that, as crises have rocked the system, the establishment has always moved farther away from the Constitution — deeper into the sump of lawlessness — to shore up the banking cartel, and always at the expense of common Americans.

In the 1930s, in response to the collapse of the fractional-reserve racket, rather than reforming the operations of the banks, the Roosevelt administration and a pliant Congress seized the American people’s gold and outlawed almost all public and private contracts promising to pay in gold. In the 1950s and through the 1960s, until the Nixon administration terminated redemption of Federal Reserve notes in gold in 1971, the inflationary policies of the Federal Reserve System drained off more than half of America’s national stock of gold to foreign banks and the profiteers operating through them. And during the last few decades, surreptitious manipulation of the precious-metals markets has kept the price of gold (measured in Federal Reserve notes) suspiciously low, even as this country’s financial structures have become increasingly shaky.

The price of gold has been manipulated for two reasons, one being the suppression of evidence, the other the throttling of monetary evolution.

First, an ever-increasing price of gold reflects the breakdown of the Federal Reserve System — just as an ever-increasing temperature reveals that the human body is sick, and when it reaches a critical point that death is imminent.

Second, those who fatten off of political currency need to prevent ordinary people from realizing that only a return to silver and gold as common media of exchange can stabilize America’s economy, and especially from actually employing silver and gold in preference to Federal Reserve notes in their day-to-day transactions. However, as the Federal Reserve System experiences ever-more-frequent, ever-more-serious, and ever-less-tractable problems, downward manipulations of the prices of gold and silver will become impossible. And that the system is beyond repair will become apparent to all.

At that point, the question will arise — and behind the scenes doubtlessly already has arisen among bankers and politicians — as to how and with what to replace the banking cartel.

When a political currency has failed, the traditional trick of the bankers and politicians has been to introduce a new, supposedly more stable currency — often within a new, supposedly more stable banking apparatus. This was the sleight of hand that moved America from the independent state banks in operation prior to the Civil War, through the partially cartelized national banks created in the 1860s, to the fully cartelized Federal Reserve System established in 1913.

Throughout this devolution, the progression of illegality became increasingly stark.

The state banks violated Article I, Section 10, Clause 1, of the Constitution. But at least they operated only regionally. The national banks violated Article I, Section 8, Clause 2, and operated throughout the country. But at least their emission of paper currency was limited by the amount of public debt a generally thrifty Congress was willing to incur.

The Federal Reserve System, though, is a corporative-state (or fascist) structure that purports to delegate Congress’ supposed monetary powers to private interests; and the system’s bubble of both public and private debts will expand to the limit of the avarice of the cartel’s operators, their clients, and their political henchmen.

Nonetheless, as unconstitutional and economically unsound as they were and are, all these schemes operated and even now operate under color of the national sovereignty and laws of the United States, subject in principle to overarching control by the American people. Indeed, Section 30 of the Federal Reserve Act still explicitly reserves to Congress the right to repeal, alter, or amend the system at will. But with the Federal Reserve System the bankers and politicians have gone about as far as they can go within the economic and political institutions of the United States. And they have separated paper currency from the discipline of free markets about as far as possible, while still pretending to maintain some semblance of a connection to free markets.

So as the Federal Reserve System shakes itself to pieces, the likelihood is that first, a new currency will arise outside of the United States in some regional supra-national entity such as the proposed North American Union; and, second, the value of this new currency will not be controlled by free financial markets but, instead, propping up the currency’s value will be the excuse for extensive governmental intervention in and manipulation of the markets.

This plan is so alien to the experiences and desires of most Americans that its implementation will probably require a controlled meltdown of the Federal Reserve System to bludgeon them into accepting the North American Union as the only way to obtain a new, supposedly stable currency and to return to something approaching economic normalcy. Yet even a controlled meltdown, along with the accompanying absorption of the United States into a new Northern Hemispheric political order, will unavoidably generate extensive economic, social, and political unrest that will threaten the financial establishment’s power.

Even dumbed-down Americans will not long suffer conditions of depression akin to those of the 1930s, let alone South American levels of inflation as well. Desperate people will ask questions and assign blame. Perhaps not just a few will abandon debt currency altogether and substitute silver and gold as their media of exchange. They and others will conclude that the Federal Reserve System is unconstitutional — and therefore that its operations are arguably a complex of criminal offenses. (See 18 U.S.C. §§ 241 and 242.)

Many will realize that the establishment’s scheme for replacing Federal Reserve Notes with a supra-national currency is a political crime on a more stupendous scale yet, because it depends upon destroying both the Constitution and the Declaration of Independence. Then an aroused people will take political action against the institutions and individuals responsible for foisting the funny-money scheme on their country.

On the other side, the establishment will not be idle. It will do anything and everything possible to maintain its position. Obviously the Constitution and the Declaration of Independence will be expendable, because the establishment has been trying to whittle away the former on a piece-by-piece basis over the years, and intends to do away with the latter at one fell swoop in the near future. So this country, as an independent nation, will be expendable too. And if this country, why not the freedom and prosperity of common Americans as well?

Will ordinary Americans — at least 80 to 90 million of whom are armed — meekly put up with a program aimed at their own country’s assisted suicide? Why should they, when they have nothing to lose economically or politically? If they refuse to knuckle under, the establishment’s only recourse will be to attempt to lock down the whole country under a para-militarized police state, perhaps with the assistance of “peacekeepers” from Canada and Mexico (for the employment of whom negotiations are apparently already in progress).

That is why careful observers conclude that the paranoia being generated by politicians and the big media over “homeland security” — and the frenetic para-militarization of law-enforcement agencies at the national, state, and even local levels in the name of “homeland security” — are not caused by or aimed at foreign “terrorists” at all, but instead target ordinary Americans in their own home towns.

The establishment is preparing to force justifiably angry Americans into line when its financial house of cards comes tumbling down, either in a controlled demolition or otherwise.

Americans will not be the only victims of such repression. The establishment must prevent other peoples, in other parts of the world, from jumping off the financial treadmill of political currency. That will require the use not only of economic and political pressure, but also — indeed, especially — of military coercion. For the provision of which the establishment will attempt to force common Americans to pay, and to send their sons and even their daughters off to fight, die, and be maimed and sickened in foreign lands.

Little good, then, will it do for an ounce of gold to soar to $2,000, $3,000, or higher — and for silver to increase in value proportionately too — if the ultimate consequences are a police state in America, then a supra-national regime replacing the United States, accompanied by endless military conflicts throughout the world.

In the grand scheme of things, gold and silver are far less important as economic investments or hedges against hyperinflation or depression than as guarantors of individual freedom — and then to the fullest extent only when they are actually used as media of exchange throughout society. Silver and gold as currencies supply the foundation necessary for economic democracy and limited government; whereas fiat currencies inevitably function as the tools of fascism, socialism, and every other form of financial imperialism.

Thus, the fight over gold and silver as media of exchange is about more than mere money, let alone making money. For it is a fight with only two possible outcomes: either control of their own lives by the people themselves, or control of the people and their lives by political and economic elitists. To achieve the first and avoid the second no price will prove too great to pay.

24hGold.com RSS Feed – 24hGold Editorials and commentaries

Gold and Silver in a Dangerous World

Article – http://www.marketoracle.co.uk/Article58880.html
The Market Oracle – Financial Markets Analysis and Forecasts (http://www.marketoracle.co.uk)

Ultimate rooster coin weighs in at 10 kilos

24hGold.com RSS Feed – 24hGold Editorials and commentaries

5 collectible investments more valuable than gold – News Chief


News Chief

5 collectible investments more valuable than gold
News Chief
Although gold can help you diversify your investment portfolio, investing in gold comes with some with risks, especially since gold prices tend to fluctuate. Lucky for … As with collecting jewelry, the value of a coin collection is often closely
5 collectible investments more valuable than gold – News – The …The Ledger

all 2 news articles »

View full post on coin collecting investment – Google News

Elliott Wave Theory: Is Elliott’s Theory Enough?

Read this article at The Market Oracle http://www.marketoracle.co.uk/Article58881.html
The Market Oracle

Gold Ends at 2-1/2-Week Low, Silver Marks 6-Week Low

Precious metals mostly declined Wednesday. Gold futures closed lower for a third straight session, registering a 2-1/2-week low, while silver futures retreated for a second day to end at their lowest…

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Coin News

Billionaire Investor Paul Tudor Jones Says Stock Market Valuation Is “Terrifying” And He Is Right

We live in a unique time. Never before have the markets gone to such extremes in almost every way imaginable. Not just the markets either. Nearly everything. US government debt is just getting ridiculous now. There are really no more words to say how out-of-control and unsustainable it is.
The Market Oracle

US Mint Sales: 2017 Proof Set at 223,506

The U.S. Mint’s best weekly numismatic seller, the 2017 Proof Set, was its only product to advance by more than four figures. It’s more typical to see at least a handful of products rising by 1,000…

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Coin News

This Event Could Lead To A Collapse Of The Euro… And Send Gold Skyrocketing

Stephen McBride : The first round of the French presidential election takes place this Sunday, April 23… and the future of the European Union depends on the outcome. Establishment candidate Emanuel Macron leads in the polls, but Marine Le Pen, leader of the far-right Front National is trailing him by only 1%. However, the real story of the past month has been the rise of far-left candidate Jean-Luc Mélenchon.
The Market Oracle

The Nerve to Downgrade Amazon

This article originally was published here: https://www.wealthdaily.com/articles/the-nerve-of-some-people/8638

So yesterday, some greenhorn analyst had the nerve to downgrade Amazon. Amazon! The nerve!

Now, I don’t know how old this guy Aaron Kessler is or how long he’s been an analyst. But he clearly doesn’t understand how this whole stock market thing works. The rules seem pretty clear to me: if you’re Netflix, Amazon, Facebook, Apple, or Google, your stocks go up. Only up. They don’t go down. Business prospects are nothing but rosy, and new parents are naming their children after you. 

If you wanna know just how out of touch this Kessler character is, check out his justification for the downgrade. He wrote: “Amazon will need to begin to show greater operating [profit margin] leverage for shares to move meaningfully higher.”

Umm, no it doesn’t. I mean, have you seen the stock trade? (Part of the appeal of growth stocks like Amazon is exactly because the profit story is all about potential, which I will explore in a minute. Once you know for sure what a company can earn, well, where’s the fun in that?)

To be fair, Kessler’s downgrade really isn’t much of a downgrade. He now rates the stock “market perform,” which, because this market only goes up, obviously means the stock is going up, too. Just maybe not as fast as it otherwise might.

But the thing that really hurts about this downgrade is the fact that, before yesterday, Kessler was bullish on Amazon. He had a $ 925 price target! So what happened? Why the big mood swing? Did his dog die? Did he find out there’s no Easter Bunny? I feel so betrayed…

Is Amazon Cheap?

All kidding aside, Amazon is an amazing company. It is singlehandedly killing off traditional retail.

Have you ever been to a ghost town mall? We have one in Owings Mills, about 15 miles northwest of Baltimore. I went with my daughter a couple years ago to see a Game of Thrones premier on the big screen. We went a little early to grab a bite before, and there was ONE restaurant in the food court. Today, that food court looks like this: 

owings mill small

This is basically Amazon’s fault.

It’s true that America’s retailers opened too many stores over the last couple decades. There is 7.3 square feet of retail space per capita in the U.S. Japan has 1.7 square feet per person. In the UK, it’s 1.3. 

And American retailers kept on opening stores right up until the financial crisis as rising home values supported a consumer splurge. They didn’t see the financial crisis coming. And they sure didn’t see Amazon coming…

But you’d better believe every business owner is watching Amazon now. Because if Amazon starts competing with you, look out. Just the other day, Amazon announced it was going to start selling furniture. Online furniture company Wayfair (NYSE: W) tanked 5% on the news. 

Now, Wayfair seems like a troubled company. I read part of a research report on it, and apparently the company counts accounts payable as an asset. That’s odd, because accounts payable is a debt. And Wayfair’s accounts payable is $ 100 million more than its cash on hand. That’s probably not good, either. 

Finally, the report claims that Wayfair uses a manual process for internal controls, which basically means it does at least some inventory accounting by hand. That seems downright nuts. Add it all up, and that’s why I recommended some put options on Wayfair to my Real Income Trader subscribers. 

Wayfair doesn’t make money. Even though it trades around $ 43 a share, the book value is $ 1. As much as it sounds expensive, I think there’s a compelling argument that Amazon and its forward P/E of 73 is actually cheap.

About That Potential

In 2016, Amazon did $ 2.3 billion in net income. That worked out to about $ 4.90 per share in earnings. Based on those earnings, Amazon has a trailing P/E of 185. Maybe just a tad expensive…

But this is exactly what makes investing fun. We can all play along at home. Each of us can ponder what the market might be missing, try to figure out a company’s potential growth that maybe isn’t priced into a stock.

For example, what happens if Comcast actually does start offering mobile phone service by turning its vast network of wireless routers into a cellular network? Can we just add $ 50 a month to the bills of its 28 million customers? That would be $ 16.8 billion in revenue, and a nice addition to the $ 80 billion Comcast did in 2016. See? That was fun, wasn’t it?

Anyway, back to Amazon. 

In 2016, while it reported just $ 2.3 billion in profit, Amazon had operating cash flow of nearly $ 16.5 billion. (Investopedia defines operating cash flow as “a measure of the amount of cash generated by a company’s normal business operations. Operating cash flow indicates whether a company is able to generate sufficient positive cash flow to maintain and grow its operations, or it may require external financing for capital expansion.”)

So, with $ 16.5 billion to fund and expand its business, Amazon is fine. 

Where’s the money going? Well, back into the business, mostly. Amazon lists $ 6.7 billion in capital expenditures and another $ 3 billion in investments. So basically, as I see it, Amazon can easily double or triple its earnings numbers anytime it wants by cutting back on investments. And Amazon is known to invest heavily in its business, like building out Amazon Web Services (AWS). 

This is why analysts see last year’s $ 4.90 in per-share earnings growing to $ 7.24 this year and $ 12.44 next year.

Now, as if that’s not all pretty darn fun already, let’s kick the good times up a notch.

$ 12.44 a share works out to about $ 5.7 billion in net profit. That’s a forward P/E of 72. Better, but still expensive. And that $ 5.7 billion is still a pretty small percentage of the $ 16.5 billion in cash flow. 

In 2014, Amazon had $ 6.4 billion in operating cash flow. In 2015, Amazon had $ 11.9 billion. Last year, it was $ 16.5. So let’s say cash flow is growing $ 5 billion a year. This fiscal year, Amazon could have $ 21 billion in cash flow. And next year, $ 26 billion. You telling me that with $ 26 billion in cash flow, Amazon can’t report $ 10 billion in profit and drop that P/E down to 30? 

Darn right it can. I’m not saying it will. But it can. And it’s just not that hard to craft a scenario where Amazon is cheap. 

See? Wasn’t that fun? 

Until next time,

brit''s sig

Briton Ryle

follow basic@BritonRyle on Twitter

An 18-year veteran of the newsletter business, Briton Ryle is the editor of The Wealth Advisory income stock newsletter, with a focus on top-quality dividend growth stocks and REITs. Briton also manages the Real Income Trader advisory service, where his readers take regular cash payouts using a low-risk covered call option strategy. He also contributes a weekly column to the Wealth Daily e-letter. To learn more about Briton, click here.

This article originally was published here: https://www.wealthdaily.com/articles/the-nerve-of-some-people/8638

The Nerve to Downgrade Amazon originally appeared in Wealth Daily. Fortune Favors the Bold


Wealth Daily

Rare one pound coins that could be worth money – Hull Daily Mail


Hull Daily Mail

Rare one pound coins that could be worth money
Hull Daily Mail
A Chards statement said: "Bear in mind they are producing over 2.2 billion £1 coins this year. "We do not think that the 2017 circulation £1 coin will be a good investment – however, the collector coins such as the silver proof, silver proof piedfort

and more »

View full post on coin collecting investment – Google News

Through the Magic of the Printing Press…

24hGold.com RSS Feed – 24hGold Editorials and commentaries

Even Father of Logic Thought That Gold Makes the Best Money in the World

Shannara Johnson : In the wee hours of March 27, plucky thieves stole one of the world’s largest gold coins, a 221-pound colossus named the “Big Maple Leaf” from the Bode Museum in Berlin, Germany. The coin, which takes two to three strong men to carry, had a face value of $ 1 million, but at current market prices is worth around $ 4.5 million.

Despite its weight, which is about the same as a refrigerator or an average-size male red kangaroo, the thieves had no problems carrying the coin through the museum and up at least one flight of stairs to hoist it out of a back window.

The first thing that came to mind reading this piece of news was that the existence of a 200-pound gold coin defeats the purpose. To wit, it violates the second Aristotelian principle for a sound form of money: portability, an attribute that gold is especially well known for.

Aristotle, a Greek philosopher, student of Plato, teacher of Alexander the Great, and the father of the field of logic, listed four characteristics of any sound form of money:

  1. Durability. It shouldn’t be perishable. That’s why—despite all claims to the contrary by preppers—stocked, canned food doesn’t make good money.
  1. Portability. It should hold a large amount of value compared to its weight and size. That’s why flat-screen TVs don’t make good money.
  1. Divisibility. It should be easy to separate and distribute, as well as re-combine. That’s why artwork doesn’t make good money.
  1. Intrinsic value. It has value in and of itself; it doesn’t derive its “worth” from something else. That’s why unbacked paper currencies (aka, all of the modern world’s currencies) don’t make good money.

You can see that most things people would consider good investments would not make good money.

Take real estate or farmland, for example, which can be a great asset to have in your portfolio. However, it definitely falls short in the portability and divisibility departments. It can’t be carried around in your pocket, and you can’t divide it into tiny pieces to pay for, say, a loaf of bread.

Commodities like oil and natural gas lack portability. Driving around in a massive tanker truck for your weekly grocery shopping doesn’t seem like a splendid idea.

Stocks and bonds are paper assets, which tells us that they don’t carry any intrinsic value. (And if you think that owning a stock still means you’re owning an actual piece of a company… well, think again.)

Besides, stocks and bonds are largely uncorrelated to gold, which as a hard asset serves as “insurance” against corrections in those sectors.

Diamonds could be considered a form of money, but here we stumble over the inherent-value aspect. It takes an expert to determine a diamond’s actual value (or to tell it from a counterfeit one).

Even silver lacks gold’s inherent portability. At current prices, you would need 546 troy ounces (37.4 lbs.) of silver to carry $10,000 around with you. That’s one big, heavy suitcase full of coins.

$10,000 in gold, on the other hand, or 8 troy ounces, would fit comfortably in your pocket.

It’s certainly no coincidence that gold has kept its reputation as a store of value across millennia. The first recorded use of gold as money was around 700 B.C., when merchants in Lydia, an Iron Age kingdom in the western part of modern Turkey, produced the first coins by stamping lumps of electrum, a natural gold/silver alloy.

Why You Should Own Some Gold Today

It’s safe to say that gold will always keep its value. It’s also one of the few assets that don’t have counter-party risk.

What does that mean?

Counter-party risk means that as soon as one or more entities are involved in a monetary transaction, they might be unable to fulfill their financial obligations.

The US dollar, backed by nothing but the “full faith and trust of the US government,” has counter-party risk. If the US government defaults on its debts and/or America faces hyperinflation, the dollar could become worthless—as we’ve seen with many paper currencies around the globe.

In contrast, gold is intrinsically valuable—and therefore the ultimate form of money. In its entire history, gold’s value has never gone to zero. You sure can’t say the same for stocks, funds, and bonds… so get some gold right now.
The Market Oracle

Who says we are a bloodless hobby?

Did everyone pack their bags and head for the Central States Numismatic Society Convention in Schaumburg, Ill.?

I hope so.

If that isn’t the case, I might have to worry.

The volume of material coming to me via email in the last couple of days seems down.

This happens from time to time on holidays, or during the doldrums of summer when many collectors temporarily put thoughts of coins aside.

It also happens when dealers are in transit to a major event.

That is why I am leaning toward the major show theory.

It is after all, only April 26, a date significant on the coin show circuit, but not a part of summer doldrums.

Collectors are as much creatures of habit as anyone.

We have a seasonal show calendar.

We all jump to its rhythm.

I was interrupted in my usual habits this morning.

I was delayed in checking the Kitco website as well as others.

Instead, I had to stop by the doctor for a blood draw.

It is part of my annual check-up.

I don’t like not eating.

I don’t like medical offices.

I don’t like needles.

Sure, I know it is all necessary.

I am grateful for the wonders of medical science.

Perhaps too much blood was drained from my brain this morning and my judgment is less than optimal.

I will admit that this is a possibility.

But I return to the Central States show theory as the one that explains hobby behavior this week.

There is still time for it to affect your numismatic life.

If you are within driving distance of this important suburban Chicago show, go.

It will be well worth it.

See old friends.

Make new ones.

Buy some coins.

What could be better  than that?

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 Who says we are a bloodless hobby? appeared first on Numismatic News.

Buzz – Numismatic News

What Are The Origins Of The Terms Bull And Bear?

24hGold.com RSS Feed – 24hGold Editorials and commentaries

Frank Holmes : Gold Could Hit $1,500 in 2017 Amid Imbalances & Weak Supply

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up Frank Holmes, CEO of U.S. Global Investors joins me to share his thoughts on Trump’s first 100 days, the resetting that’s going on the global political front and gives what he sees as a very realistic price target for gold before the end of the year. Be sure to stick around for a fantastic interview with Frank Holmes, coming up after this week’s market update. Precious metals markets are putting in a mixed performance this week as gold prices hold above their breakout level from the prior week. Spot gold currently comes in at $ 1,287 an ounce, essentially unchanged on the week.
The Market Oracle

The truth about 2016 stamped £1 coins – and whether they are … – Birmingham Mail


Birmingham Mail

The truth about 2016 stamped £1 coins – and whether they are …
Birmingham Mail
Many are being duped into thinking they have a gold mine in their wallet, purse or pocket.

and more »

View full post on coin collecting investment – Google News

Central Banks Are Now Printing $200 Billion Per Month… Without a Crisis

24hGold.com RSS Feed – 24hGold Editorials and commentaries


© 1992-2017 DC2NET™, Inc. All Rights Reserved