A lustrous beauty, sporting a fine strike and minimal marks – seldom seen in higher grade, as reflected in the population data. Perfect for a CC type set or the USA gold collector/dealer.
Offered at $18,975 delivered
We do business the old fashioned way, we speak with you.
America’s largest bank sounds alarm in face of skyrocketing debt, rise of China
Courtesy of Infowars by Jamie White | JULY 24, 2019
IMAGE CREDITS: PONY WANG/GETTY.
JPMorgan’s Private Bank released a statement to investors warning that not only could the dollar lose its world reserve currency status, but could also “lose its status as the world’s dominant currency.”
In its July investment strategy report, America’s largest bank warned that the dollar’s “exorbitant privilege” as the world’s reserve currency could be “coming to an end.”
“The U.S. dollar (USD) has been the world’s dominant reserve currency for almost a century. As such, many investors today, even outside the United States, have built and become comfortable with sizable USD overweights in their portfolios,” wrote JP Morgan’s Commodities and Rates Strategist Craig Cohen.
“However, we believe the dollar could lose its status as the world’s dominant currency (which could see it depreciate over the medium term) due to structural reasons as well as cyclical impediments.”
The report goes on to say that the downfall of the dollar as the world reserve currency is inevitable given historical trends, and suggests allocating assets to other markets, particularly Asia.
“There is nothing to suggest that the dollar dominance should remain in perpetuity. In fact, the dominant international currency has changed many times throughout history going back thousands of years as the world’s economic center has shifted.”
In fact, JP Morgan’s Chairman of Market and Investment Strategy Michael Cemblast created a graph in 2012 breaking down the world reserve currencies since the 15th century in an effort to highlight the inevitability of the dollar’s decline as the global currency.
Notably, it seems to indicate the U.S. Dollar losing its status sometime in the early 21st century.
The report comes as President Trump and Congress agreed on a bipartisan two-year $2.7 trillion spending package that does nothing to address the bloated spending or national debt, and totally suspends the borrowing limit.
Economist Peter Schiff noted that the budget deal flies in the face of conservative principles of limited government and fiscal responsibility.
Trump finally managed to be the greatest at something. He has managed to negotiate the greatest budget deal disaster in history. No president has signed onto a worse budget deal than this. He sold it to Republicans as a victory. It’s a loss for Republicans and the Republic!
— Peter Schiff (@PeterSchiff) July 23, 2019
Additionally, central banks around the world, including China and Russia, hit a gold ownership-high in April, with gold purchases spiking by 75% in the last year alone to hedge against a volatile dollar.
As long as the dollar is backed by nothing but the Federal Reserve System of credit, countries around the world will continue to hedge against the dollar while the $21 trillion U.S. national debt keeps ticking up.
This is the “Large Letters Head of 38” type, which is a distinct two-year type, which shows a more ornate portrait of Liberty on the obverse. The first issue of this two-year type – the 1838 -is far too rare in AU condition for most type collecting pursuits, as only 80 to 100 examples of that date are known. However, the 1839 (1839/8) Type of 1838 is a more comfortable acquisition in this high of a grade. About Uncirculated coins are still scarce, though, and collectors will have limited opportunities to acquire high-end examples. This one is more lustrous and flashier in hand. Listed at $12,100 in the CDN CPG and $10,500 in the NGC price guide.
Offered at $8,890 delivered
We do business the old fashioned way, we speak with you.
The financial stresses and uncertainties of the Civil War caused widespread hoarding of all precious metal coinage during the war years. The U.S. government suspended specie payments in 1861, so gold coins did not circulate at par and there was limited demand for the three dollar gold piece in the national economy. Accordingly, only 5,000 three dollar gold pieces were struck in 1863, all delivered in one batch on November 21. Relatively few examples were saved and as might be expected, the 1863 three dollar gold piece is an elusive issue in all grades today. The PCGS population stands at 16 with 26 higher.
We have two coins available…
Offered at $11,875 delivered
We do business the old fashioned way, we speak with you.
Now, this Medal was NOT space flown, but they were specially struck in gold and only given to people who WORKED on the Apollo 11 project. People that were all a part of one of the most historic moment’s in World history.
The obverse of the Medal depicts an Astronaut, presumably Neil Armstrong, boldly facing forward carrying the American flag. The date JULY 20, 1969 is seen in front, with the lunar landscape, lander and the Earth all in the background.
The reverse has the name of the three Astronauts who made that historic journey (Neil Armstrong, Michael Collins, Edwin Aldrin), Neil’s famous quote as he stepped out into the Sea of Tranquility, APOLLO 11 and a depiction of the slingshot approach the spacecraft took to the Moon.
It is struck from over a half an ounce of gold (18.17g). This could be the Finest we’ve seen of the issue and a nice piece to commemorate this milestone moment exactly 50 years ago today…
Offered at $6,900 delivered
We do business the old fashioned way, we speak with you.
