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Recent Posts By: ProvidentMetals

Rare Gold Coins Confiscated – Philadelphia Family Loses Court Battle with U.S. Treasury

July 29, 2011 Uncategorized

$20 Double-Eagles from 1933 are rare indeed. A few years ago, one sold for an astounding $7.59 million! The reason they’re so rare is that only a few thousand were produced in 1933. That same year, President Franklin Roosevelt took the U.S. off the gold standard. Many of these coins were therefore confiscated since it…

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Legislation Introduced to End Taxes on Gold and Silver Coins

July 22, 2011 Uncategorized

On June 28th, a trio of senators introduced the Sound Money Promotion Act, which would treat legal tender gold and silver coins (i.e. U.S. Gold Eagles, U.S. Silver Eagles) the same as U.S. currency in regard to taxes. Currently, 13 states recognize gold and silver coins as legal tender but those coins are currently taxed…

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Gold Hits New High after Comments from Fed

July 12, 2011 Uncategorized

As we make our way through the hot months of summer, the gold market is sizzling with news of instability in Europe and rumors of another round of quantitative easing by the U.S. Federal Reserve. Just in the last two days, gold has shot up around $30 per ounce and broke a new record in…

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Where Did Your Interest in Gold and Silver Start?

June 20, 2011 Uncategorized

All of us who get passionately interested in something generally have a person, book or film that lit the spark in our minds…ask anyone out there deeply interested or involved in something who or what first drew their interest and you’re likely to hear a person’s name, a book or some other bit of information…

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Uncertainty Clouding Prospects for both the U.S. Economy and Gold/Silver Bullion

June 9, 2011 Uncategorized

Uncertainty is certainly (…no pun intended) nothing new. It’s a persistent fact of life that’s been around in both good times and bad throughout the ages. But right now seems different – the economy in the U.S. and around the world can be characterized as ‘shaky’ at best. Unemployment in the U.S. is officially hovering…

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Oregon Gas Station Accepting 90% Junk Silver as Payment

May 17, 2011 Uncategorized

Much of the recent interest in precious metals like gold and silver stems from the effects of price inflation. Many people who buy coins like pre-’65 dimes, quarters and half dollars do so to protect themselves from the effects of this inflation – and to have a highly valuable medium of exchange in the event…

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