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…
Where Did Your Interest in Gold and Silver Start?
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…
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…
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…
Mines Company CEO Predicts $1500 Gold, mid-$40s Silver
Coeur d’Alene Mines’ CEO Dennis Wheeler recently stated he “would not be surprised” if gold is trading in the $1500-$1600 and silver in the mid-$40s per ounce price range by the end of the year. Speaking at the Reuters Mining and Steel Summit last Thursday, Wheeler says increased instability through political turmoil and natural disasters…
