Some pundits are talking deflation. And recently the Fed Chairman said inflation is not high enough. Of course, the government measures inflation by the Consumer Price Index (CPI)-excluding energy and food. What U.S. consumer does not buy food, gasoline, and some sort of energy to heat and cool their home? The price of grains was up sharply the last few weeks. And so is the price of oil. What would the CPI number be if food and energy were included? Inflation alarmists point to the sharp increase in oil and food prices and claim that inflation has already begun. However, while grain prices are up, I notice eggs are on sale all over town.
Some people start by being interested in a particular type of coin. The U.S. Mint’s State Quarters program, beginning in 1999, is a good example of a type of coin that many people started collecting.
That’s a couple of questions rolled into one. First – money laundering. Yes – we must establish the identity of our customers. This is not too onerous for customers or for us. We take deposits only through the banking system direct from the customer’s bank – which should be trusted internationally (which includes just about every major Western bank). We require our users to submit scans of a photographic id (usually a passport or driving licence) and a scanned bank statement which we check to the source of funds. It’s that easy.
Unlike a bank we do not lend. All gold and cash in BullionVault is immediately available, so there is no “borrow short and lend long” liquidity problem. A ‘run’ on BullionVault would be profitable for us and increase our financial strength, as we earn commissions from customer sales. Permanent records of ownership are produced daily and stored daily in at least two locations. The ‘alias’ list is in the public domain. You can use your RSS Newsreader to download it daily.
Call your local coin dealer. Do a Google search on a local “>coin shop Pinnacle because you took the time now to start slowly.