You shop for clothes, books, groceries, and gifts online. You may even do most of your banking online. But buying gold online? You might be a little wary, and that’s okay. We’ll explain how you can be smart and buy gold online—safely. Are You at Risk? Amid the meteoric rise of the price of gold…
Is It Safe to Buy Gold Coins and Bars Online?DetailsWe all know that the financial markets cannot continue to climb indefinitely. Stocks have routinely collapsed throughout history, and bad things have been set in motion by a variety of factors, like speculation, inflation, asset bubbles, bank failures, mass unemployment, and geopolitics. Market crashes wipe out what’s called “paper wealth,” leaving a wake of decimated “paper millionaires” who, according to Investopedia, are individuals with “a high net worth as a result of the large total market value of the assets he or she owns.” Many of us with robust pensions or 401(k)s may…
Paper Wealth, Paper Millionaires, and the Paper RichDetailsThe “silver standard” lasted for centuries, and the U.S., China, India, and Great Britain are countries that had adopted it. The Coinage Act of 1792, which created the U.S. Mint, first defined the dollar relative to silver, not gold. So why don’t we hear about the silver standard anymore, and what happened to it? Read…
When Did the U.S. Go off the Silver Standard?DetailsEurope has just posted downright dismal PMI (Purchasing Managers’ Index) numbers. The Purchasing Managers’ Index is a leading indicator of manufacturing activity and a carefully watched barometer of economic health. The latest PMI flash data that covers 19 countries in the European Union suggests that the eurozone could be moving closer to recession. A PMI reading above 50 generally suggests an economic expansion, while anything below 50 indicates a contraction. The monthly flash report for September (an advanced indicator) fell from…
The Mighty German Engine Is Sputtering—so Goes the Eurozone?DetailsThe infamous 1929 crash of the U.S. stock market heralded the economic meltdown that became known as the Great Depression. The turmoil of the Great Depression lasted 10 years, etching its place in history as the worst economic slump ever in the industrialized world. About half of the banks in the U.S. collapsed. Millions of…
What You Can Learn from Stock Market CrashesDetailsSwarms of people headed to California during the gold rush of the mid 1800s in search of great fortune. But did you know that gold has been found in every state in the U.S.? The Gold Bullion Act of 1985 directed the Secretary of the Treasury to mint and issue gold coins in $50, $25,…
Gold in America: Do You Live in a Gold-Rich State?DetailsBaby boomers are the children of the Greatest Generation and most often defined as those born between 1946 and 1964 during the post–World War II baby boom that saw the U.S. population surge by more than 76 million. Boomers, however, have proven to be great in their own right. They’re a hardworking, entrepreneurial generation that…
What Keeps Baby Boomers Awake at Night?DetailsYou probably already know that few coins deliver the tour de force of design and history that the Austrian Gold Philharmonic Coin provides. But how much do you know about the coin’s history? For instance, did you know that a receptionist almost prevented the coin’s design from becoming a reality? Or that the pipe organ…
Are You in Tune with the History of the Austrian Gold Philharmonic Coin?DetailsJeffrey Gundlach. Naguib Sawiris. Paul Tudor Jones. Sam Zell. Ray Dalio. Lord Jacob Rothschild. These are all billionaires who believe in the power of gold, but for different reasons. Some buy gold for portfolio diversification. Others buy gold as a way to preserve wealth. What can you learn from these billionaires? Follow along to find…
Do Billionaires Buy Gold? You Bet.DetailsIn a year of dramatic stock volatility, trade struggles, profit worries, bond mayhem, and endless recession timelines, it’s easy to become immune to the various “dire” economic warnings that arise each week. But sometimes one indicator takes you by surprise. The Institute for Supply Management’s Manufacturing Index fell to 49.1 in August, the lowest level…
Has U.S. Manufacturing Fired a Warning Shot?DetailsFor over a year, the U.S.-China trade war has been daily water cooler talk at every big bank and investment firm from Wall Street to Main Street. And with good reason. It has created uncertainty and volatility—and by many accounts, it has reduced global growth to a crawl. Each new round of tariffs unnerves the…
Has the Fed Lost Its Mojo?DetailsYou already know that majestic imagery of the bald eagle graces many of our coins and that it’s also our national emblem. But did you know that the U.S. nearly missed out on incorporating the powerful bird into our nation’s official seal, the one and only “Great Seal”? It’s true. Many people toiled away at…
Why Is the Bald Eagle on So Many Coins?Details
