Many people wonder where the gold comes from that is used in the creation of America’s gold coins. Well, there is one simple answer, America. It is illegal to use gold from other countries to form gold currency for United States. This means that all of the gold that is used for the gold coins [...]
In 1834, when the U.S. Department of State decided to gift some Asian rulers with some American coins in exchange for trade considerations, they set in motion a series of events that culminated in the creation of an extremely rare silver coin: an 1804 Silver Dollar. However, the actual story of how this rare silver [...]
To protect against an unpredictable economy, many investors are starting to think outside the box when it comes to investment commodities. The stock market isn’t always the safest place to put one’s money. At the very least, investors are diversifying their portfolios, and precious metals are among the safest ways to go, historically. Precious metals [...]
Precious metals are more popular than ever these days. In fact, if you look at the biggest investing news of 2010, you will find that the year was hallmarked by significant increases in the value of a range of precious metals, including gold, silver, copper, platinum, and palladium. Palladium prices have seen major increases in [...]
In the 1867, coin collector William A. Lillendahl paid $750 for an 1804 Silver dollar. As silver dollars go, the 1804 is indeed the rarest and most sought after by investors. Lillendahl paid the equivalent of $17,695 in today’s dollars for the coin that was specially printed for foreign heads of state. Only 15 of [...]
During past eras gold coins were the backbone of the economy. Even printed money was backed by gold. During tough economic times gold coins were hoarded. This was because holding gold coins gave them financial security and financial power. Today, most of the world’s economies are only backed by paper money. This hardly instills confidence [...]
When you get started in gold investing, there can be so much information that you may feel a little overwhelmed. After all, when you start researching and trying to learn about the gold price, you will most likely find numerous terms and phrases that are very technical, leaving you wondering just what they mean. For [...]
When you begin looking at new investment options, you may find your head spinning with terms and phrases and charts and choices. You may feel a little overwhelmed. However, you can get through all of the information and choose the right option by taking things one step at a time. Instead of trying to look [...]