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Denominating Your Wealth in U.S. Coins

Collector — Sun, 21 Feb 2010 23:11:20 +0000

Gold coins provide an excellent wealth building tool. One that will continue over the long term and withstand the test of time. If you have the means and the vision to see the inherent value in a U.S. gold coin collection, now is a great time to start acquiring.

The reason for buying coins are clear: inflation, compounded returns, and privacy. It is in your best interests, however, to engage in some research so that you can make intelligent purchase decisions and enjoy the thrill of having valuable assets which increase in value over time.

Throughout history, man has always been intrigued with the notion of possessing that which renders value – either initially, or at some later point in time. That philosophy of inherent value applies to that which is also pleasing to the eye. Coins, due to the laws of supply and demand, have always served as an object of value for many. The supply is fixed and the demand is growing.

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Gold and Silver Coins Today

Collector — Sun, 21 Feb 2010 20:50:49 +0000

From 1933 up until 1972 gold and silver coins were used as currency in the United States of America. What happened to gold and silver coins after their death as currency (A.C.)? The U.S. Mint continues to produce gold and silver coins for two reasons: the numismatic market (collector’s coins) and bullion coins (for investment).

Numisatic coins are coins made of gold and silver that carry collector value in addition to their value in gold and silver. An example would be twenty-dollar American Eagle Coins with the St. Gauden’s Liberty design. These coins are produced specifically for the collector’s market on a regular basis. Special edition gold and silver coinage for collectors include American Eagle coins, American Buffalo coins, as well as a variety of commemorative coins celebrating historic North American figures and events. The majority of these coins have limited production runs, which boosts their collector value.

Bullion coins are made from precious metal and kept as a store of value or investment rather than used as currency. Examples of bullion coins include Kruggerands, the American Eagle Series and the Canadian Maple Leaf series.

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Have you been thinking about buying silver and gold?

Collector — Sun, 21 Feb 2010 20:24:25 +0000

If not, listen up …

Within the last five years, gold has gone from just over $420 to over $1,100 an ounce. That is a huge increase in just 5 years. That means there is trouble brewing. Investors have be silently moving money into gold, silver and other precious metals. At this point I recommend everyone buy both gold or silver.

I’m not a financial planner, just cautions when it comes to the US stock market and the fiat money system it is based on. Silver and Gold are real monies … you should start collecting a garage full of them.

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South Carolina Lawmaker Seeks to Ban Federal Currency

Collector — Fri, 19 Feb 2010 18:07:17 +0000

South Carolina Rep. Mike Pitts has introduced legislation that would mandate that gold and silver coins replace federal currency as legal tender in his state.

As the Palmetto Scoop first reported, Pitts, a Republican, introduced legislation this month banning “the unconstitutional substitution of Federal Reserve Notes for silver and gold coin” in South Carolina.

In an interview, Pitts told Hotsheet that he believes that “if the federal government continues to spend money at the rate it’s spending money, and if it continues to print money at the rate it’s printing money, our economic system is going to collapse.”

“The Germans felt their system wouldn’t collapse, but it took a wheelbarrow of money to buy a loaf of bread in the 1930s,” he said. “The Soviet Union didn’t think their system would collapse, but it did. Ours is capable of collapsing also.”

The lawmaker believes that a shift to an economy based on gold and silver coins would give the state a “base of currency” should that collapse come. As one expert told the Scoop, however, his bill would likely be ruled unconstitutional because it “violates a perfectly legal and Constitutional federal law, enacted pursuant to the Commerce Clause of the U.S. Constitution, that federal reserve notes are legal tender for all debts public and private.”

In addition, since gold and silver regularly fluctuate in value, they could not easily function as stable currency.

But Pitts maintains that his state is better off with something he can hold in his hand and barter with as opposed to federal currency, which he described to the Scoop as “paper with ink on it.” He says he resents what he considers the federal government’s intrusions on states’ rights.

Though he did not offer a timeframe, Pitts told Hotsheet that he anticipates a nationwide economic collapse “if our federal government continues the course it’s been traveling under the previous administration and this administration.”

http://www.cbsnews.com/blogs/2010/02/17/politics/politicalhotsheet/entry6217403.shtml

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