If you look at the COMEX closes on March 24, the spot price of gold was about $1,585.00 and silver was about $14.23
Category Archives: New York COMEX
‘Paper’ Gold Can Be Risky Business
Owning “paper” gold is not the same as possessing physical gold. Even though prices of both forms of gold-ownership are currently the same, they will not necessarily be equal down the road.
By paper gold, I include all forms that are not having direct custody in your hands or stored in a vault under your own name
Why Gold’s Price Is Destined To Keep Rising
A number of so-called financial experts are pretending to know why the price of gold is now up 17% and silver 15% since the end of April. Most of them don’t have a clue.
True, the price of gold can be impacted by news events such as the announcement Wednesday last week by the Federal Open Market Committee that it would lower the federal funds interest rate by
Greedy states exaggerate tax yield
Last week, I traveled to another state to meet, along with some of that state’s coin dealers, with revenue and tax officials. The purpose of the meeting was to discuss the impact on state tax collections should a rare coins, precious metals, and paper currency sales tax exemption be adopted by the state in 2019. Currently, only 13 states and the District of Columbia that impose a sales tax do not have a complete or partial sales tax exemption for rare coins, precious metals bullion, and currency