Rare Coin Wholesalers Blog

Poll shows Americans' pessimism on economy growing
http://news.yahoo.com/poll-shows-americans-pessimism-economy-growing-211021976.html
Most of the increasing pessimism on the economy is coming from democrats who are beginning to realize that the present people running the government are doing a poor job.

Jobless Americans to lose unemployment benefits
http://finance.yahoo.com/news/jobless-americans-lose-unemployment-benefits-094500875.html?l=1
50% of the people who loose there benefits will get a job immediately.

Oil pares loss on upbeat U.S. consumer data
http://finance.yahoo.com/news/oil-falls-below-96-dollar-014622808.html?l=1
U.S. private sector (70% of the U.S. GDP) is recovering.

Banks prepare for the return of the drachma
http://finance.yahoo.com/news/banks-prepare-return-drachma-083804551.html
Greece negotiated the right off of half their debt in exchange for promising austerity cuts. They will now weasel out of the austerity cuts, move back to the drachma and devalue their way out of the other half of their debt.

Spanish bank reform disappoints investors
http://news.yahoo.com/spain-approve-banks-cleanup-tough-talks-065021869--finance.html
6 countries are broke in Europe. France owns the majority of the debt from these 6 countries. The other 10 countries in the Euro Zone are doing ok.

Gold prices dropped below $1,600 an ounce today, nearly wiping out the gains for 2012. Political uncertainty in Greece and Spanish banks prompted investors to sell their bullion for the third straight day. Fear due to a change in the French Presidency, the state of the Spanish banks, and gridlock in Greece all contributed to the 3 percent drop in precious metals. Optimism in gold unhinged following the turmoil in Europe. Many investors are questioning whether they are going to be seeing a large enough euro bail out that precious metal prices will rise again.

The Federal Reserve is the Key
Since we released our Collapse of Gold Report in November, gold has dropped from over $1,800 an ounce to under $1,600 an ounce. Chairman Ben Bernake has given no indication that the central banks will start a Q3. Recent improvements in the U.S. economy could indicate that the Fed’s next step will be to raise interest rates, which will cause gold prices to drastically decline.

Although gold has been known as a way to protect wealth in times of economic uncertainty, Frank Tang of Reuters said this year gold is “in tandem with riskier assets such as equities and crude oil”.

Other Ways to Invest in Tangible Assets
If you are considering selling your gold, there are other options available that do not play the precious metals market. Within the investment realm of tangible assets, there is one asset that has outperformed gold and stocks for the last 40 years: rare coins. Although many people have preconceived notions of rare coins, the investment potential is unique. Unlike many investments, rare coins are not tied to the precious metals market or the dollar. Consequently, the prices do not fluctuate like the price of gold or silver.

Rare coins allow you to privatize your investment portfolio since no 1099b or social security number is required. Due to the finite supply, the price of these can never go to zero and the market is driven by collectors/investors. A new set of programs were developed that allow people to invest in this tangible asset with the help of industry experts. The two programs, known as the Numismatic Asset Protection Account (NAPA) and Numismatic Trading Account (NTA), utilize one of the industry’s largest inventories of rare coins. With the close guidance of numismatic expert, Steve Contursi, these accounts are achieving 10-15% profits.

Wall Street slides 1 percent at open
http://finance.yahoo.com/news/wall-street-slides-1-percent-133900618.html?l=1

Obama Warms to Energy Industry by Supporting Natural Gas
http://finance.yahoo.com/news/obama-warms-energy-industry-supporting-142621820.html?l=1

Comex Gold Extends Earlier Losses to Trade Sharply Lower; Serious Near-Term Technical Damage Inflicted
http://www.kitco.com/reports/KitcoNews20120508JW_update.html
Euro down, dollar up, gold down.

Wall Street falls 1 percent on euro uncertainty
http://finance.yahoo.com/news/stock-futures-fall-greece-political-113038760.html?l=1
Euro down, dollar up, gold down, stock market shifting away from doing business overseas to doing business in the U.S.

Germans warns Greece: no cuts, no aid
http://news.yahoo.com/germans-warns-greece-no-cuts-no-aid-140823443--business.html
Greece broke by end of June, possible domino effect.

Another Spring Swoon? Nope, Europe Won’t Stop This Bull Market Says Paulsen
http://finance.yahoo.com/blogs/breakout/another-spring-swoon-nope-europe-won-t-stop-130942123.html?l=1
Euro down, dollar up, gold down, stock market shifting away from doing business overseas to doing business in the U.S.

Oil falls to near $97 amid weak US, Europe demand
http://news.yahoo.com/oil-falls-near-97-amid-weak-us-europe-082534387--finance.html
Euro down, dollar up, gold down, stock market shifting away from doing business overseas to doing business in the U.S.

The Myth of America’s Decline Is Just That – A Myth: Dan Gross
http://finance.yahoo.com/blogs/daily-ticker/myth-america-decline-just-myth-dan-gross-135826095.html?l=1
U.S. Private Sector (70% of U.S. GDP) is growing. Dollar is strengthening. Investment capital around the world is flowing to the U.S. dollar and U.S. private sector.

Angry Greek Voters Punish Leaders over Austerity at the Ballot Box
http://news.yahoo.com/angry-greek-voters-punish-leaders-over-austerity-ballot-093803784.html
Euro down, dollar up, gold down.

Greece might run out of cash by end-June if no government: sources
http://news.yahoo.com/greece-might-run-cash-end-june-no-government-141806050--business.html
Euro down, dollar up, gold down.

France’s Hollande Is “Bluffing” But Greek Vote Raises Real Concern: Kirkegaard
http://finance.yahoo.com/blogs/daily-ticker/france-hollande-bluffing-greek-vote-raises-real-concern-142511640.html?l=1
Euro down, dollar up, gold down.

Venezuela insists Chavez still leading as silence reigns
http://news.yahoo.com/venezuela-insists-chavez-still-leading-silence-reigns-150437300.html
Dollar up, foreign currencies down, foreign commodity based economies down.

No Repeating Slowdown Seen by U.S. With Banks to Housing
http://finance.yahoo.com/news/no-repeating-slowdown-seen-u-141158084.html?l=1
The U.S. Economy is ready for the Fed to raise the interest rates and strengthen the U.S. dollar.

24K Nation: Are Americans Crazy to Think Gold Is the Safest Investment?
http://finance.yahoo.com/news/24k-nation-americans-crazy-think-190121319.html
Dollar up, gold down.

April Jobs Report: More of the Same
http://finance.yahoo.com/blogs/daniel-gross/april-jobs-report-more-same-135552516.html
If you break the job loss report between private and public, the private sector added jobs, and the public sector lost jobs.

U.S. Chose Better Path to Recovery
http://finance.yahoo.com/news/u-chose-better-path-recovery-101205775.html?l=1
This article is true short term. We need to end these policies, move back to a strong dollar, and raise the Fed Interest Rates.

“The Fed Could Do More”: Central Bankers Are “The Only Adults in The Room,” Cal Prof Says
http://finance.yahoo.com/blogs/daily-ticker/fed-could-more-central-bankers-only-adults-room-112409305.html?l=1
Spin article. This article is true short term. We need to end these policies, move back to a strong dollar, and raise the Fed Interest Rates.

US: TransCanada reapplies for oil pipeline
http://news.yahoo.com/us-transcanada-reapplies-oil-pipeline-125454214.html
The U.S. can be energy independent in 20 years.

Oil drops below $100
http://news.yahoo.com/oil-drops-below-100-132417154--finance.html
Inevitable tide moving the U.S. to become energy independent.

Gold adds to losses after U.S. jobs, services data
http://www.marketwatch.com/story/gold-silver-extend-losses-in-asian-trade-2012-05-03
Negative title for positive job report. U.S. Private Sector (70% of U.S. GDP) is growing.

OPEC says pumping hard to bring oil price down
http://finance.yahoo.com/news/opec-says-pumping-hard-bring-152037059.html?l=1
High oil and gas prices pushing U.S. to become energy independent. Environmentalist and Democrats are losing their battle against oil and gas as prices go up. OPEC concerned they could lose there biggest consumer if they keep oil and gas prices high.

Jobless claims tumble, service sector slows
http://finance.yahoo.com/news/jobless-claims-tumble-may-calm-123228569.html
Negative title for positive job report. U.S. Private Sector (70% of U.S. GDP) is growing.

Buy or Bail? Stocks Testing Nerves of Bulls and Bears
http://finance.yahoo.com/blogs/breakout/buy-bail-stocks-testing-nerves-bulls-bears-152949136.html?l=1
As the private sector (70% of U.S. GDP) grows the stock market will have to shift back to doing business with the U.S. dollar, U.S. private sector and economic allies who are doing business with the U.S. dollar and the U.S. private sector.

Sen. Corker’s Plan For Fannie And Freddie: “Reform ‘Em Out Of Business”
http://finance.yahoo.com/blogs/daily-ticker/sen-corker-plan-fannie-freddie-reform-em-business-132829487.html?l=1
5 years ago, nobody would even suggest this option. We are moving in the right direction. Cut Government.

“If You Are Too Big To Fail, You’re Too Big”: Richard Fisher
http://finance.yahoo.com/blogs/daily-ticker/too-big-fail-too-big-richard-fisher-143149962.html?l=1
Modern day monopolies being helped by the government. Cut monopolies.

A.M. Kitco Metals Roundup: Comex Gold Lower amid "Risk-Off" Trading Day, Firmer U.S. Dollar Index
http://www.kitco.com/reports/KitcoNews20120502JW_am.html
U.S. Dollar keeps strengthening. We will hit a tipping point and gold will collapse.

Founders, CEOs hand Wis. governor campaign cash
http://news.yahoo.com/founders-ceos-hand-wis-governor-campaign-cash-071227903.html
40 states are trying to break to economic disasters of public unions in their states. Wisconsin is leading the way.

Richard Fisher: The Fed Has Done Its Job, Congress Needs To Do Theirs
http://finance.yahoo.com/blogs/daily-ticker/richard-fisher-fed-done-job-congress-theirs-124006906.html?l=1
It is time for the Fed to stop putting out easy money, raise the interest rates and make the U.S. Dollar King … again.

Krugman: Fed Should Tolerate Higher Inflation To Reduce Unemployment
http://finance.yahoo.com/blogs/daily-ticker/krugman-fed-tolerate-higher-inflation-reduce-unemployment-130644416.html?l=1
Spin Article. Trying to fight back the growing wave to strengthen the dollar to increase the velocity of the dollar, spurring loans to businesses and returns on savings and 401k plans.

Europeans protest austerity at May Day rallies
http://news.yahoo.com/greeks-protest-austerity-may-day-rallies-073048509.html
55% of the Euro population is in public unions. 6% of the U.S. population is in public unions. There is no comparison.

US hopes buoy markets in thin holiday trading
http://news.yahoo.com/us-hopes-buoy-markets-thin-holiday-trading-143709944--finance.html
U.S. private sector (70% of the U.S. GDP) is strengthening in spite of government regulation and taxes.

U.S. spending slows while income rises
http://finance.yahoo.com/news/u-spending-slows-while-income-125000712.html?l=1
Uncertainty on U.S. election politics making people cautious, but the private sector of U.S. (70% of U.S. GDP) is still growing.

A Real Failure Friday: Five Banks Fail in Worst Week Since April 2011
http://finance.yahoo.com/blogs/daniel-gross/real-failure-friday-five-banks-fail-worst-week-124759281.html?l=1
U.S. keeps weeding out the bad banks. The overall banking situation strengthening and is now waiting for Fed to raise the interest rates.

Gold declines, on track for monthly loss
http://www.marketwatch.com/story/gold-steady-in-asia-on-track-for-monthly-loss-2012-04-30
Dollar up, U.S. private sector up, gold down.