Three elements cause physical delivery on the COMEX to have reached record highs this year: strong demand for futures in New York, a persisting spread between the price of futures in New York versus spot gold in London, and arbitrage. Read More
Author: Sirhc
Were buying certified Double Eagles!
$20 Liberty PCGS/NGC MS62 @ $1,900
$20 Liberty PCGS/NGC MS63 @ $1,980
$20 Liberty PCGS/NGC MS64 @ $2,195
$20 Liberty PCGS/NGC MS65 @ $2,585
$20 Saints PCGS/NGC MS63 @ $1,870
$20 Saints PCGS/NGC MS64 @ $1,925
$20 Saints PCGS/NGC MS65 @ $2,130
We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.
(800) 257.3253
9:00 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage
A Pair of Kellogg & CO. $20’s NGC MS60 and NGC MS61
No Cereal
John Grover Kellogg was one of the most respected assayers and coiners in San Francisco during the Gold Rush. He was involved in many of the preeminent refining operations of the period, partnering with the likes of John Moffat, G.F. Richter, and Augustus Humbert from 1849 through 1860. In 1854, these $20 gold pieces served a vital role in commerce during the time between the closure of the United State Assay Office and the full operation of the San Francisco Mint, which opened in April of that year.
1854 NGC 60 Offered at $25,875 delivered
1855 NGC 61 Offered at $30,475 delivered
Pair Price $55,000
We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.
(800) 257.3253
9:00 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage
Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.
Deutsche Bank’s Top Credit Strategist Makes Stunning Admission: “I Am A Gold Bug; Fiat Money Is A Passing Fad In The History Of Money”
As covered here repeatedly over the past 24 hours, gold and silver (and oil) had a great day yesterday, with the rally continuing on Wednesday, sending silver nearly 100% higher than its March lows. Read More
Inflation/Deflation: The Economy Is An Elephant
This is the key dynamic of the economy going forward: defaults on debt, declining wealth as assets are relentlessly repriced lower and sharp declines in income due to layoffs and debt defaults.
The economy is like an elephant surrounded by blindfolded economists and pundits: what each blindfolded person reports about the elephant depends on what part they happen to touch.
This is why aggregate measures such as gross domestic product (GDP) and the consumer price index (CPI) will be misleading and therefore useless going forward: different parts of the economy might experience sharp deflation while other parts are experiencing rapid inflation. What each household and enterprise will experience depends on their exposure to these cross-currents.