Gold in the News

March 2019

Why are the Apollo 11 Coins released by the US Mint so special?

Many of us were kids when man walked on the moon. Apollo 11 50th Anniversary coin celebrates this achievement. This happened on July 20, 1969, as Neil Armstrong and Edwin “Buzz” E. Aldrin, Jr. took mankind’s first steps on the Moon. Now these kids are coin buyers in the 50’s and 60’s. Collectibles tend to do best when the potential collector remembers the item from their childhood and the Apollo 11 Coins hit all the marks. Space, coins, history [...]

December 2018

So, what’s going on with palladium?

Palladium is a rare silvery white metal discovered in 1803 by William Hyde Wollaston. He named it after the asteroid Pallas, which was itself named after the epithet of the Greek goddess Athena, acquired by her when she slew Pallas.  More than half the supply of palladium and its congener platinum is used in catalytic converters, which convert as much as 90% of the harmful gases in automobile exhaust into less noxious substances. Palladium is also used in electronics, dentistry, [...]

July 2018

Sell Gold Or Silver Out Of Your IRA Or 401K

Let’s say many years ago or even just yesterday you took retirement funds out of the markets managed by your Custodian such as Charles Schwab, Edward Jones, Fidelity, Vanguard, TD Ameritrade or Merrill Edge. You found a Gold Broker such as Goldline, Lear Capital, Augusta Precious Metals, Noble Gold, Goldco, Birch Gold, APMEX, Monex, GoldSilver, Rosland, Blanchard, American Bullion or JM Bullion who would set you up with a new custodian such as Gold Star, Sterling Trust, New Direction, [...]

June 2018

The Simple Facts About Gold, Rare Coins, Inflation And The Dollar

Numbers out today show inflation rising at the fastest pace in six years. Also, the point has been made that recent gains in income and salaries have been eroded by the increase in inflation. What is the result of higher inflation? Higher inflation is caused by the rise in the cost of goods and the dollar having less buying power. Another outcome of inflation and a weakening dollar has always been a rise in gold price based on the [...]

I want to share a story about something that happened in 1985

This one should be filed under hard to believe or if I wasn’t there I wouldn’t believe it or that wouldn’t happen today. As I said, it was 1985 and I was a gold trader at A-Mark Precious Metals. We were in Beverly Hills at the corner or Roxbury and Wilshire. For this story I should add I drove an old Volkswagen Bug. My primary function at that time had been developing and servicing the jewelry manufacturers in the jewelry district [...]

January 2018

The 1895 Morgan Dollar, King of Morgans

We had a customer purchase one of the finest examples of this coin this week, an 1895 Morgan Silver Dollar in PCGS PR66DCAM, one of 6 known. As an investment why was this a sound bet? According to U.S. Mint records, there were 12,000 Business Strikes produced for circulation for 1895, and 880 Proof coins struck. However, only 75 to 80 of the 1895 Morgans have been accounted for, all of them Proofs. Where did the 12,000 regular non-proof Morgans go? Two of [...]