Monthly Archives: February 2019
February Special Offer
Swiss 20 Franc (Helvetia)
.1867 net fine ounces • • • Uncirculated grade • • • 1,000 pieces offered
It’s not often that we run into a sizable hoard of pre-1933 Swiss 20 franc gold coins, so when one of our wholesale market makers offered this grouping at a very reasonable price, we jumped on it. The Helvetia (pictured above) has always been one of the top portfolio choices among our clientele and very rarely over the past couple of decades has a special offer like this one gone more than a few days before we posted the SOLD OUT notification.
As many of you already know the supply of gold coins is running thin raising the appeal of this special offer. Modern one-ounce gold American eagles, for example, are priced at more than an 8.5% premium at our Online Order Desk, and quarter-ounce Eagles, if you can get them, are priced at 15%-20% over melt value at most retailers. So, an historically important, scarce, visually attractive, and well-preserved Swiss Helvetia at 14% (our price for small quantities) looks pretty appealing at this juncture.
We only have 1000 coins available and as always, the lot is offered on a first-come, first-served basis. You can order online (see below) or telephone us. We invite you to contact us at your earliest convenience to reserve your order.
FEBRUARY SPECIAL OFFER DETAILS, PRICING, ORDERING ONLINE
ORDER DESK
1-800-869-5115
[email protected]
Study finds 29% of Americans believe the dollar is still backed by gold
CisionPRNewswire/Genesis Mining Survey
“We asked respondents ‘what is the dollar backed by?’ 29% said gold, 4% said oil, 5% said bonds, 7% said nothing, 23% said they don’t know and just 30% accurately stated the US government.”
USAGOLD note: Gold is scarce and a rudimentary understanding of money and finance is even scarcer.
Repost from 11-2-2019
‘The riskiest thing in the world is to believe that there is no risk’
DAS Interview/Christopher Gisiger
“In our business there is no place for certainty. With that in mind, I like to quote Henry Kaufman, who was the chief economist at Salomon Brothers. He said that two kinds of people lose a lot of money: ‘Those who know nothing and those who know everything.’ So, at best, the future is merely a probability distribution of future events. All you can do is get the odds on your side.”
USAGOLD note: For those who make no claim to either, i.e. ‘knowing nothing’ or ‘knowing everything’, there is the old expedient of simply diversifying with precious metals and let others spend endless time discussing where the various markets might be headed.
Repost from 4-26-2019
Short and Sweet
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Is Buffett wrong about gold?
“While I very often agree with Warren Buffett’s views regarding, for example, the level of cash in portfolio or migration from growth to value stocks,” says Independent Trader for ETF Trends, “I absolutely can not agree with what he wrote in the letter to shareholders about gold, once again showing how badly it performs in comparison to the US shares.” The article goes on from there to do a good job of debunking Buffett’s latest attack on gold – one of many he has conducted over the years – while drawing on cyclical analysis to lay out a solid longer-term future for the metal. It concludes with the opinion that Buffett’s stance on gold is “part of a deal with the establishment of the United States.”
That could be true, but it could also be little more than an old professional bias on Buffett’s part going back decades combined with a classic talking of one’s book. We counter with a single chart that refutes his arguments at a glance. It tells the story of gold and stocks in the times in which we live – the historically distinct fiat money era that began in 1971 – not some other timeline that carries little relationship to the present. To make a very long story short, gold has appreciated 3,399% since January 1971. Stocks have appreciated 2,884%. What’s more stocks are bumping against all time highs while gold looks like it might be in the early stages of a new bull market run.
Chart courtesy of MacroTrends
Repost from 2/20/2020
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