In our last market update column, we reported how the price of gold and silver had dropped significantly – and rather quickly. With gold dropping nearly 20% to around $1600 per ounce and silver off the same to just under $30, many were starting to question the metals’ status as a safe haven. As we…
Determining How Much Your Junk Silver is Worth
Junk silver coins – broadly defined as silver coins whose value is based strictly on silver content – is a popular, and inexpensive way to buy silver. Junk silver coins basically consist of former legal tender coins that are no longer being produced. In the U.S., a large bulk of junk silver consists of half-dollars,…
Measures of Inflation – Understanding the CPI
If you were to ask 100 people on the street what inflation is, you would either get a blank stare or they would say it’s ‘rising prices’ for goods and services. Historically though, this definition is incorrect…rising prices are a symptom of inflation, which is more accurately defined as an increase in the money supply….
Closing the U.S. Gold Window – 40 Years of Worldwide Paper Money
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…
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…
Uncertainty Clouding Prospects for both the U.S. Economy and Gold/Silver Bullion
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…
