40 years ago this past Monday, the final link between the U.S. Dollar and gold was severed by President Richard Nixon. Since, the dollar has freely floated against other currencies. Up until that time, gold was exchanged at a fixed rate of $35 per ounce as setup under the Bretton Woods Agreement following World War…
Legislation Introduced to End Taxes on Gold and Silver Coins
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…
Gold Hits New High after Comments from Fed
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…
Oregon Gas Station Accepting 90% Junk Silver as Payment
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…
Gold, Silver and Commodities End Roller Coaster Week
“Like a roller coaster..” is the perfect simile to describe the recent events in precious metal markets. As in actual roller coasters, everyone on board looks to the big drop-off with either terror or anticipation (…reaction to this metaphorical drop depends on your level of experience in precious metal investing). Recent events in gold and…
Gold, Silver See New Record Highs in April
With spring blooming across the country, gold and silver have been on a consistent rise in the month of April. Just today we’ve seen new records as gold crossed the $1500 per ounce threshold for a short time and silver breached $45 per ounce for a short while. In the last month, gold has increased…
