Archive for the ‘Coins’ tag

The Demise Of The Dollar Is Greatly Exaggerated

The value of gold and silver has been on a downward slide all week. Actually, silver has been losing value at a pace not seen in the last 10 years. And while the value of gold and silver have been on the decline, the value of the dollar has been increasing. Don’t get me wrong, we still feel like gold is an excellent long term investment, but we can’t stress how important it is to keep your portfolio diversified. And my advice for those of you stocking up on gold in anticipation of the collapse of the dollar would be to keep some greenbacks around. The dollar has been around for a long time. It is highly sought-after throughout the world and is the most powerful form of currency in the world. It is not going anywhere anytime soon.

13 Things I Bet You Didn’t Know About Gold!

1. Gold and copper were the first two precious metals to be discovered. They were discovered in 5000BC.

2. The production of gold is minimal. Since ancient times, more steel is produced per hour than gold.

3. Gold will not cause skin irritations. So if you are getting a rash from your gold necklace, it is most likely because it is not 100% Gold.

4. Prior to 1912 Olympic gold medals were pure gold. Currently they are not made of pure gold and haven’t been since 1912.

5. Gold melts when it reaches a temperature of 1064.43 centigrade.

6. Scientists believed that almost 80% of the world’s gold is still hidden underground.

7. The largest gold nugget ever found was found by John Deason and Richard Oates of Australia in 1869. The gold nugget weighed an astounding 2248 ounces and it was 10 by 25 inches. The nugget was found only two inches below the earth’s surface.

8. Many believe that gold is an excellent treatment for rheumatoid arthritis. Patients started using it as a treatment after a medical study in France was done in the twentieth century.

9. Gold is edible (although we don’t advise eating large quanties!) and often gold leafs are put in bottles of liquor.

10. A one-ounce gold nugget is harder to find than a five-carat diamond.

11. Within every cubic mile of seawater, it is believed that 25 tons of gold can be found. It is also believed that 10 billion tons of gold can be found in the oceans.

12. Most computers, televisions, cell phones, and other electronic items contain gold.

13. A carat was actually a unit of weight based on the carob bean. It was used by the Middle East’s ancient merchants.

Investors Betting On Gold

Article Clipping via: CNBC

In the past, gold has paired up with the stock market for long periods because investors were betting on the same thing: inflation. Moderate inflation can help corporate profits and stock prices and also cause investors to hedge that inflation with bullion. At that same time though, they will sell bonds on fear inflation will erode the future value of interest payments.

After witnessing this recent phenomenon, I looked to one of the best market therapists out there for dealing with these complicated matters: Dennis Gartman, of The Gartman Letter, which is required reading on every smart trading desk. He wrote back: ” Relationships in stocks and commodities are like relationships between people… even married couples. For a while, relationships are strong; then they become stronger; then they begin to fray at the edges and then they collapse, never to return to their old form. Such is the relationship between stocks, gold and bonds. I’ve seen two of the three move in tandem, but never all three. And those relationships hold until they stop. There is really nothing more that one can say. Right now, it is possible for stocks and gold, or for stocks and bonds, to move together in tandem, but not all three.” So whose love will go on after this love triangle ends?

The Fast Money players seem to be leaning toward gold and bonds. Technical analyst Greg Troccoli of Opalesque sees gold testing the 1,017 area. Joe Terranova, FM trader and Virtus Investment Partners chief market strategist, is betting with gold too. Seasonally, going long gold and short the stock market from September to January has made you money on average over the last six years.

Gold to Hit $1,040 ‘Very Quickly’

Gold’s “breaking out” to a higher level as imminent, Chris Locke, managing director at Oystertrade.com Management, told CNBC Wednesday, as other analysts have said the precious metal could shine again as inflation fears resurface.

“We’re on this point of the market making a substantial move to the upside,” Locke said.

“We will see the market move through the bull market highs of $1,040 very, very quickly,” he added.

The S&P 500 index has maintained its uptrend from the March lows and the next target for it is 1,050, Locke said. But for the fall period, Locke sees the index weakening.

Locke told CNBC he’s been looking for a signal that the U.S. index will peak in August before correcting slightly, but that signal hasn’t occurred yet.

But he said he’s “seeing some kind of loss of momentum to the upside” and therefore predicted that the September to November period “will be weaker” and will test the levels below 950.

He also sees sterling reaching “levels towards parity” against the euro, at 95 cents. “Sterling looks the most vulnerable to me,” he said.

Via: CNBC

World’s Fair Of Money: American Numismatic Association

The World’s Fair of Money may be the most appropriately named coin show in America. It is the largest and best numismatic show in the world and features something for everyone, from novice and beginner collectors to sophisticated numismatists searching for rare coins, paper money, medals and tokens to complete their collections. For more information, please visit the World’s Fair Of Money Website

World’s Fair of Money^® – Discover Your Golden Dreams
Los Angeles, CA August 5-9, 2009

Los Angeles Convention Center
1201 S. Figueroa St.
Los Angeles, CA 90015
(213) 741-1151
Convention Center Website