Courtesy of Market Watch By Andrea Riquier Exchange-traded funds that track precious metals and miners slumped Tuesday in premarket trade, on track for their biggest daily decline since March, suggesting that a long run-up might be on track to reverse course. The SPDR Gold Shares ETF GLD, 0.94% was down 3.2%, while the VanEck Vectors Gold Miners ETF GDX, 2.11% lost…
Sensationally Superb No Trade dollars were produced for circulation after 1878, but the Philadelphia Mint continued to strike proofs for collectors until 1884. When collectors and dealers became aware of the proof-only status of the denomination a popular speculation in the proofs sprang up. The increased demand resulted in a record mintage of 1,987 proof…
Gold slumps when its inflation-adjusted price is as high as it is now Gold today is nearly as overvalued as it’s ever been over the past five decades. That’s the conclusion reached by just-released research from Campbell Harvey, a finance professor at Duke University; Claude Erb, a former commodities portfolio manager at TCW Group, and Tadas Viskanta,…
08/07/2020 Frank Shostak/Mises Wire/Mises Institute Why does the dollar bill in one’s pocket have value? The value of money is established, according to some experts, because the government in power says so. For some commentators the value of money is on account of social convention. What this implies is that money has value because it…
Tied for Highest Graded After several years of low mintages and intermittent production, Walking Liberty half dollar production increased dramatically in 1934, and production remained stable until the series ended in 1947. Production at the three mints averaged 2.8 million coins per issue from 1916 to 1933, and 10.6 million from 1934 to 1947. That…
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