Gold Classics Library

Gold Seizure
Here’s how it can happen and what you can do about it.

Allow us to make a personal observation and then we will send you on your way to Mr. Ganz’ important and timely analysis. Too many gold owners labor under the false presumption that high-end, high-premium numismatic gold coins are the only way you can protect your holdings against a potential seizure. Many of our prospective clients are pleasantly surprised when they discover that there is a whole genre of pre-1933 gold coins that can be acquired at modest premiums over the gold content and still meet the criteria for exemption Mr. Ganz outlines. As he points out, “rare and unusual” does not necessarily equate to “pricey” or “expensive.” To understand why the words “rare and unusual” are important, we invite you to proceed to the link.

[LINK]

[Gold Classics Library Index]

____________________________________________

Posted in Gold Classics Library, Today's top gold news and opinion | Tagged |

Gold Classics Library

Fiat Money Inflation in France
How It Came, What It Brought, and How It Ended

Andrew Dickson White ends his classic historical essay on hyperinflation, “Fiat Money Inflation in France,” with one of the more famous lines in economic literature: “There is a lesson in all this which it behooves every thinking man to ponder.” This lesson — that there is a connection between government over-issuance of paper money, inflation and the destruction of middle-class savings — has been so routinely ignored in the modern era that enlightened savers the world over wonder if public officials will ever learn it. In this essay Dickson White explores France’s hyperinflation at the end of the 18th century in exhaustive detail – its politics, its economics and the social consequences which led, in the end, to Napoleon’s rise as emperor.

[LINK]

[Gold Classics Library Index]

____________________________________________

Posted in Gold Classics Library | Tagged |

Classics Library Template

HEADLINE
CONTENT 14 px [LINK]

[Gold Classics Library Index]

____________________________________________

Posted in Gold Classics Library | Tagged |

Scarce French empire 40-franc set

If you missed our offer of French 40 franc Napoleon Bonaparte gold coins, this four-coin set offers a second chance at the tag-along grouping acquired with the Australian British sovereigns offered earlier in May.  Some will think the set an even more desirable acquisition in that it represents the totality of the post-Revolution Empire coinage. It includes the Bonaparte coin and the three rulers who followed – Louis XVIII, Charles X & Louis Philippe. The dates go from the early 1800s (!) through the 1820s. This coinage is consistently a favorite here at USAGOLD.  We only have two sets available and as always its first-come, first-served. Priced attractively. . . . .

An exclusive Premium Bulletin Board offer!
Shipping included. Available for immediate shipment.


ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ORDER ONLINE • Description/Details

 

Posted in PBB Storage, Premium Bulletin Board | Tagged |

USAGOLD Special Report

Bridging the ‘Fourth Turning’ with Gold
It began in 2008. It is scheduled to end in 2028.
What happens between now and then?

“Howe designates 2008 as the start date for the current fourth turning. Since turnings typically last 20-23 years, it will end sometime between 2028 and 2031. That puts us about midway through the cycle. At the moment, if the politicians, Wall Street and press accounts on the status of the economy are to be believed, the good times have arrived. For many Americans, though, that arrival has some pretty dark clouds hanging over it – the deep political divisions, the escalating trade wars, the emerging nation debt and currency crisis, the overvalued stock market, the threat of rising interest rates – and that is just a sampling of fourth-turning strata that worries global investors. The nation despite the rosy outlook is a bit unnerved by it all. For his part, Howe, who saw it coming, believes things could get much worse before before they get better.”

–– Full Article ––

Posted in PBB Storage, Premium Bulletin Board |

NotableQuotable

“Those people who know how to listen are also people who learn. The moment you stop learning, you die.  Age is not the number of years you have been living.  Age is the condition of your soul.” – Armen Sarkissian* (Lunch with Financial Times, 6-15-2019)

“Life is always preparing you for something you just never know what.” – Armen Sarkissian

“If you don’t own gold, you know neither history nor economics.” – Ray Dalio, Bridgewater Associates

For twelve consecutive years, gold was up every single year whether there were inflation fears, deflation fears; strong dollar, weak dollar; political stability, political instability. It didn’t matter – strong oil, weak oil. . . Gold went up for twelve years. . . When gold embarks upon its next move, I believe that you will see that long wave take gold relatively quickly, but it will be measured in years, up to $3000 to $5000 target that I believe is fundamentally justified based on the facts we have today.” – Thomas Kaplan, Electrum Group (Peer to Peer Conversations with David Rubinstein)


* Armen Sarkissian is the president of Armenia. Prior to his stint in politics, he was a theoretical physicist in the old Soviet Union where he won the prestigious Lenin Prize.

 

Posted in Premium Bulletin Board |

Twenty years of one-tenth ounce gold American Eagles!

Limted availability!

*Contiguous date sets: 1998-2017 (Each set includes one each of every date)
*Only 20 Sets Available – Sold First-Come, First-Served
*Just $3.5 per coin more than common 1/10 oz Eagles (roughly $154 ea.)

A USAGOLD special offer!
Shipping included. Available for immediate shipment.
First come – first served


ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ORDER ONLINE • Description/Details

 

Posted in PBB Storage, Premium Bulletin Board |

Disinflation: The elephant in the room (sitting on the gold price)

Economic Research Cycle Institute/Lakshman Achuthan/5-30-2019

“The [U.S. Future Inflation Gauge] turned down early last year, and by summertime it was clear that a fresh inflation cycle downturn was taking hold. That inflation cycle downturn wasn’t obvious to the Fed, which hiked rates in September and December. Despite being forced to pivot hard early this year, Fed Chairman Powell just this month called low inflation ‘transitory.’ Bond markets were also caught flat-footed, with the 10-year treasury yield around 3¼% in October, and again in November, as inflation expectations remained high through last fall. This is the elephant in the room crushing bond yields. It’s really about the inflation cycle.”

USAGOLD note: Investors often ask why the gold price has been stuck at the $1300 level for so long with the amount of danger present in financial markets and the economy. Why didn’t gold rocket higher when trade negotiations between the United States and China broke down?  Why didn’t gold react positively to the Fed’s transition from rate hikes to a rate pause?  Why hasn’t gold responded to the upside with all the political turmoil in the nation’s capital?   Etc. . .

The answer lies in a term rarely featured in gold market discussion – disinflation.  At present, it is the elephant in the room, as ERCI describes it above. Just as it crushes bond yields, it sits on the price of gold – at least for now. But that could all change at a moment’s notice.

The problem with disinflation is that occasionally it slips the gate. General malaise gives way to a deeper crisis.  Some of you who were clients during the 2008 financial crisis probably remember that gold was slow to react. In 2006-2007, it was bumping along in a narrow range on either side of the $650 mark in a disinflationary environment very similar to the one we are experiencing now. (Please see chart below.)

Then, in late 2007, the roof began to come down on financial institutions – Lehman Brothers, Bear Stearns, IndyMac, Washington Mutual, Fannie Mae, Merrill Lynch, just to name a few of the big-name casualties.  Only then, as investors moved aggressively to gold for its safe haven and store of value attributes, did the price begin to move higher with some authority. In 2008 it reached $1000 per ounce.  By late 2009, gold had kicked into overdrive. It began a rapid climb that culminated at a record high of over $1900 per ounce. The whole run – from $650 to over $1900 – occurred during a period when disinflation dominated the financial landscape.

During disinflationary periods like the one we are experiencing now, gold owners must practice patience keeping in mind the real reason for the investment – to act as a safe haven and store of value if the wheels come off elsewhere in the portfolio.  Gold is wealth insurance first and a speculative investment second. As the old saying goes, you do not need gold until you need it, and then you might need it more than you thought.

Final note:  Though disinflation dominates the markets today, that might not always be the case.  With the announcement this past week of tariffs on Mexico, the Trump administration has now levied tariffs on America’s two largest importers accounting for almost one-third of U.S. imports.  Some economists think that the tariffs could become a source of consumer price inflation in the months ahead (not to mention the potential for a myriad of other unforeseen and unintended consequences).  In fact, several large retailers including Walgreens, the Dollar Store and Costco (among others) have already warned of higher prices in the not-too-distant future. Those warnings came before the recent announcement of tariffs on Mexican imports.

If the dominant economic paradigm shifts to inflation, gold will remain an important choice for prudent investors looking to hedge uncertainty. As I wrote many years ago in The ABCs of Gold Investing – How To Protect and Build Your Wealth With Gold, “Inflation, deflation, disinflation, stagflation, and hyperinflation—it matters not. Gold protects against any or all and no matter in which order they arrive. I is for the Inflation-Deflation debate—Buy gold and let others worry about what’s next for the world economy.”

–– Michael J. Kosares

Posted in Premium Bulletin Board |

Gold prices could rise to the $1,550-$1,700 range, CIO says

CNBC/Interview

“If you look at almost any market that has been going sideways for a long, long time, and it breaks out, it normally goes significantly higher because people are re-positioning their portfolios and so you would look very easily at $1550 to $1700 per ounce  in the next move.” – Juerg Kiener, Swiss Asia Capital (Singapore)

USAGOLD note:  Kiener goes on to say that “gold is a very attractive portfolio tool”. . . . .This interview is well-worth the visit for a concise analysis of where gold might be headed and why. From an analyst who cuts through the noise in the gold market to focus on the fundamentals –


Repost from 6-26-2019

Posted in Gold and Silver Price Predictions from Prominent Players, Premium Bulletin Board, Today's top gold news and opinion |

Elusive and popular World War I German ‘Military’ gold coins!

Those of you who participated in our recent offer of Australia British sovereigns – which sold out in less than three hours (May 15th) – might take an interest in this offer of  the popular “Military” German 20 mark from the World War I era.  These items rarely surface so we are pleased to be able to make this offer. It consists of only 25 coins and likely to sell out quickly.

An exclusive Premium Bulletin Board offer!
Shipping included. Available for immediate shipment.
First come – first served


ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ORDER ONLINE • Description/Details

 

Posted in PBB Storage, Premium Bulletin Board |

Posted in Premium Bulletin Board |

Napoleon Bonaparte!

Those of you who participated in our general offer of Australia British sovereigns – which sold out in less than three hours (May 15th) – might take an interest in this French 40 franc offer.  A small lot of 40 came as a tag-along to that acquisition and they turned out to be the much sought-after and scarce Napoleon I (Bonaparte) mintages from 1803-1812.  Napoleon I coinage usually sells out in short order, so you might want to act quickly if you have an interest. Solid opportunity.

An exclusive Premium Bulletin Board offer!
Shipping included. Available for immediate shipment.


ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ORDER ONLINE • Description/Details

SOLD OUT – 5/24/2019

 

Posted in Premium Bulletin Board |

Silver Eagle sales on strong pace for 2019 – up 40% over last year

(USAGOLD-May 1, 2019) – The U.S. Mint reports sales of American Eagle gold and silver bullion coins running ahead of last year’s pace at the end of May. Silver Eagle sales have been notably robust – up 40.39% over the same period last year with 866,000 one-ounce coins sold in May as opposed to 380,000 sold in May of last year. Gold Eagle sales are up 8.33% over the first five months of last year.  Month over month, Gold Eagle sales were down significantly from May of last year when 24,000 ounces were sold as compared with 4000 ounces this year. Silver Eagle sales, on the other, were more than double sales for May of last year.

Many analysts consider bullion coin sales a bellwether for overall interest in the precious metals among investors. This year’s uptick over last year indicates increased activity among American investors interested in including gold and silver in their holdings as safe-haven hedges and an underpriced asset class with that latter motivation particularly striking in the Silver Eagle category.

 

Posted in Premium Bulletin Board, Today's top gold news and opinion |

Favorite web pages

–––––––––––––––––––––––––––––––––––––––––––––––


This page catalogs price predictions on gold and silver prices from top pundits and prognosticators – a casting of the runes that begins in January and is updated regularly throughout the year as new additions surface.

[LINK]

We invite your bookmark.  We invite your return visit.

__________________________________________________

 

Posted in Announcements, Premium Bulletin Board, Today's top gold news and opinion | Tagged |