Venezuelan Currency Plunges Could Dollar Be Next?

Venezuela is nearly broke and it happened in the blink of an eye. Well, it was a bit slower than that, but
it took less than a year for Venezuela's currency, the Bolivar, to lose 94 percent of its value. The decline
of the Bolivar has been all but unstoppable — yet the Venezuelan government has largely ignored its
plunge.

In 2014 one U.S. dollar equaled 100 Bolivars, in 2016 it equaled 1,262 Bolivars, today it’s worth 12,163
Bolivars according to DolarToday.com.

Venezuelans are struggling as the value of their money continues to evaporate. Many spend all that they
earn on food, now that a kilo of rice costs 17,000 Bolivars.

One man, an executive […]

By | 2017-08-15T12:22:16+00:00 August 15th, 2017|Gold in the News|

Rare Coins As An Investment

Buying rare coins as an investment allows you to hold history in your hands and that appeals to many investors. The rare coin market has matured with verifiable third-party grading and certification now adding multiple layers of security to purchases.The two most commonly used coin grading services are the Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC). According to NGC’s website, “Since 1987, NGC has graded more than 37-million- coins, each one backed by the industry-leading NGC Guarantee.” PCGS isn’t far behind with 36,247,752 Coins Certified as of this month.

Rare coins are now being viewed as investments rather than just collections due in large […]

By | 2017-07-18T22:45:37+00:00 July 18th, 2017|Gold in the News|