The pace of producing United States coins for circulation slowed in August to an eight month low after jumping to a six-month high in July, the latest manufacturing figures from the U.S. Mint... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
by John Stepek of Money Week – The “Lehman moment”… could it happen again? – The finance industry is infested with moral hazard – Even more moral hazard today sowing seeds of next crisis – “Next crisis will not look the same as the 2008 crisis” Protestors hold signs behind Richard Fuld, Chairman and Chief Executive of Lehman Brothers Holdings after its collapse led to the last global financial crisis. REUTERS/Jonathan Ernst/File Photo A decade ago this week, in the US, the government had just nationalised government-sponsored mortgage lenders Fannie Mae and Freddie Mac. In the UK, the then-chancellor, [...]
by John Stepek of Money Week – The “Lehman moment”… could it happen again? – The finance industry is infested with moral hazard – Even more moral hazard today sowing seeds of next crisis – “Next crisis will not look the same as the 2008 crisis” Protestors hold signs behind Richard Fuld, Chairman and Chief Executive of Lehman Brothers Holdings after its collapse led to the last global financial crisis. REUTERS/Jonathan Ernst/File Photo A decade ago this week, in the US, the government had just nationalised government-sponsored mortgage lenders Fannie Mae and Freddie Mac. In the UK, the then-chancellor, [...]
The U.S. has tons of $1 coins in storage, according to Federal Reserve data released Aug. 10, 2018, although their numbers are declining somewhat every year. Reserve Bank inventories of dollars are... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
– “Why hedge because everything is going straight up”? – Now “is exactly the time when should hedge” as volatility in U.S. markets is low – “September is the most dangerous month of the year for equities” – Gold is an “excellent way to hedge for the longer term against the possibility that both equities and bonds go down together at some point and that is quite likely in the next 12 months… – “Hedging is a form of insurance. You want to buy it when it is cheap and you hope never to use it” – “The best time to hedge [...]
– “Why hedge because everything is going straight up”? – Now “is exactly the time when should hedge” as volatility in U.S. markets is low – “September is the most dangerous month of the year for equities” – Gold is an “excellent way to hedge for the longer term against the possibility that both equities and bonds go down together at some point and that is quite likely in the next 12 months… – “Hedging is a form of insurance. You want to buy it when it is cheap and you hope never to use it” – “The best time to hedge [...]
Precious metals futures declined Tuesday following an extended U.S. holiday weekend for Labor Day. Silver ended at a more than two-and-a-half year low and gold finished at an almost two-week... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
by Mark Hulbert of Marketwatch If you listen closely, you'll hear gold investors whispering that “it's an ill wind that blows no good.” That's because, while September may be the worst month of the calendar for stocks, it's the best month for gold. Since it began trading freely in the U.S. in the early 1970s, gold bullion has produced an average gain of 2.1% in September. The comparable monthly average for all non-September months is 0.6%. (See table below) This difference is significant at the 90% confidence level that some statisticians use when determining if a pattern is real - [...]
Artistic Infusion Program Invites Artists to Design Nation's Coins and Medals The United States Mint (Mint) is pleased to announce a call for artists to participate in its Artistic Infusion Program (AIP). Established in 2003, the AIP serves to enrich and invigorate the design of United States coins and medals by developing a pool of outside artists in graphic design, sculpture, engraving, drawing, painting, and other visual arts. These artists work closely with the United States Mint's staff, including Sculptor-Engravers, to create and submit new designs for selected coin and medal programs throughout the year. Interested artists are invited to [...]
Legendary numismatic auction firm Stack's Bowers Galleries realized another record breaking price when it sold the rarest and most valuable U.S. nickel at their official auction of the ANA World's... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]