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Monday, March 13, 2017

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Gold Miners Leading The Precious Metals Rally

Posted: 13 Mar 2017 01:02 PM PDT

The Coming Great Wealth Transfer

Posted: 13 Mar 2017 01:00 PM PDT

Spoiler alert! It’s already here.   By Chris Martenson, Peak Prosperity: In the past, I’ve warned about the coming Great Wealth Transfer.  But now we need to talk about it in the present tense, because it's here. And it will only accelerate from here on out. The Rich will get richer at the expense of everybody […]

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WHAT DOES ROTHSCHILD KNOW ABOUT MARCH 15TH?

Posted: 13 Mar 2017 12:30 PM PDT

Historically, March 15th has been a very significant date to the Rothschilds. And now March 15th is likely to become a very significant date in American history. Just What Exactly, Are the Rothschild’s Planning?   Subscribe for Free to the SD YouTube Channel Buy 90% Junk Silver at the Lowest Price Online! Just $0.99/oz Over […]

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Global Leaders Rattle Their Sabers As The World Marches Toward War

Posted: 13 Mar 2017 12:00 PM PDT

A Great War Is Coming…   From Michael Snyder: Iran just conducted another provocative missile test, more U.S. troops are being sent to the Middle East, it was just announced that the U.S. military will be sending B-1 and B-52 bombers to South Korea in response to North Korea firing four missiles into the seas near […]

The post Global Leaders Rattle Their Sabers As The World Marches Toward War appeared first on Silver Doctors.

Numismatic or Bullion – Numismatic Problems

Posted: 13 Mar 2017 11:05 AM PDT

One of the most frequent questions I’m asked is Numismatic or Bullion? Our recommendation at www.preciousmetalsinvesting.com when you are buying physical precious metals is to invest in bullion coins rather than numismatic coins. The premium you pay over spot for numismatic coins is much higher than bullion coins. Your numismatic coin may not have appreciated because you bought at retail and now that you are trying to sell it back you can only get wholesale. In fact if you have to sell it you may not be able to sell it at a price that gets you back the price you paid for it.

There are also many more variables that go into determining the cost of a numismatic coin. Factors such as year, rarity, mintage, mint mark and condition. One of the most difficult variables in the price of a numismatic coin is the condition. One coin grading firm can rate the same coin differently than another. The condition, to some extent, depends upon the eye and expertise of the grader. Getting a coin graded by a recognized grading firm can be costly. Grading cost is another element going into the cost of a numismatic coin that you may not be able to recover even if your coin has appreciated over the years.

However in this video coin dealer and QA Check founder James Sego shares his valuable insights on the certified American Silver Eagle market. He adds some additional things things you must avoid when buying coins. He shows an example of two coins that have been graded MS69 or MS70 by either PCGS or NGC. The MS 70 is the higher grade coin. That one number difference in grade makes a tremendous difference in value. Of the coins he showed he said the MS69 was worth approximately $80 and the MS70 silver eagle was worth approximately $4,000.

But here is an additional variable I wasn’t aware of. The $4,000 silver eagle had a milk spot on it. This is a surface blemish on the coin. But how could that be? This was an MS70 coin that was graded by a reputable grading agency and was still in the plastic coin holder it was purchased in and never removed. The dealer said that the grading agency would have never graded this silver eagle an MS 70 with that spot on it. He speculated that the spot developed on the coin after purchase because the owner had stored it improperly! He said that milk spots on ungraded silver eagles were somewhat common. However this milk spot on this $4,000 coin made it unsaleable for anything near the price the owner paid.

But milk spots can also be placed or started on the coin at the time it was struck if the die was not sufficiently cleaned prior to the coin being struck. They start out like invisible ink, and only appear after a period of time. Some numismatic experts say if milk spotting is a concern, it’s a good idea to put the coin into an airtight capsule immediately. Milk spots occur more frequently and are more prominent on coins from the Royal Canadian Mint than most others. But milk spots have been found on other coins such as philharmonics and silver eagles.

Coin expert Anthony Swiatek says high-grade American Silver Eagles are "plagued" by milks spots. Many high-grade Silver Eagles don't begin showing the milk spots until long after they've been inserted in sonically sealed plastic.

The US Mint and Canadian Mints have both traced the milk spot issue to the manufacturing process. You can read about more about the milk spotting issue here: Milk Spotting on Silver Eagles

But since milk spotting seems to largely have been traced to the manufacturing process that eliminates anything the buyer can do to prevent it like having it sealed in the airtight case immediately or “storing properly.”

The PCGS (Professional Coin Grading Service) which grades these coins and “sonically” seals them in the plastic cases after grading says the milk spots will affect the grading of coins and hence can drastically affect their numismatic value. You can read more about it here on the PCGS site: Milk Spots, Grading and Eye Appeal

The PCGS does have a guarantee on the coins they grade which you can read about here PCGS guarantee There were so many exclusions including one for coins stored under adverse environmental conditions like high humidity I felt the chances of successfully using that guarantee were slim. That impression from my reading seems to be born out by the comments of many others who talked about the problem on the web.

This is the Canadian Mint’s official position: The coins are bullion coins. They are not collector coins. They are sold as one ounce of silver. The Mint knows that there is a problem. The problem has existed since 1988, when the SML coin was first introduced. The Mint says that there is nothing that they can do about the problem.

From a registered Canadian Maple Leaf dealer: Our experience is that some SMLs have them and some do not. We do not know what we are going to get when we open the boxes of 500 ounces of silver that come from the Mint. We have to take what we get; we can not return them. We do not have the time to sort them, etc. We ship out what we get. Per the terms of our invoices, we do charge a restocking fee for returned bullion items. From: Milk Spots and the Canadian Mint/

The problem with milk spots, according to what I have read on the web from numismatic experts, is that they can occur on all coins but they are less of a problem with US silver eagles.

The advice from www.preciousmetalsinvesting.com concerning numimatic coins is still the same. If you are investing in physical precious metals as a store of enduring wealth and buying bullion coins base the price you pay on the spot metal price at the time plus the small premium that covers the coin manufacturing and sale process.

There are also several suggestions on the internet for cleaning milk spots such as using an eraser, cloudy ammonia or industrial acetone. There is disagreement whether this cleaning is effective and whether or not the cleaning process itself decreased the value of the coin. Caution is advised because some of the chemicals used can be dangerous.

Don’t go for an expensive graded bullion coin that you initially have to be a large premium over spot. The coin may end up developing milk spots in your safety deposit box or vault storage over time and you will be left with coins that are valued at much less when you want or need to sell them.

Precious Metals Investing Podcast

You can listen to some of the episodes right here at PreciousMetalsInvesting.com: Listen to the Precious Metals Investing Podcast here

Or even better you can subscribe to the podcast on iTunes here:Precious Metals investing podcast on iTunes

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DISCLAIMER: The financial and political opinions expressed in this video are not necessarily of “PreciousMetalsInvesting.com” or its staff. Opinions expressed in this video do not constitute personalized investment advice and should not be relied on for making investment decisions.
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More Bad News for the LBMA Silver Price…

Posted: 13 Mar 2017 11:00 AM PDT

This Excuse Makes No Sense…   From Ronan Manly: On Friday 3 March 2017, in a surprise announcement with implications for the global silver market, the London Bullion Market Association (LBMA) informed its members that the current administrator and calculation agent of its recently launched LBMA Silver Price auction, Thomson Reuters and the CME Group respectively, […]

The post More Bad News for the LBMA Silver Price… appeared first on Silver Doctors.

16 Reasons Why You Shouldn’t Live In California

Posted: 13 Mar 2017 10:00 AM PDT

I don't have anything against California or the people that live there.  It is such a beautiful place, and it once held so much promise. Unfortunately that promise has been shattered, and there is a mass exodus out of the state as families flee the horrific nightmare that California is in the process of becoming. […]

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This Region Of The World Is Being Hit By The Worst Economic Collapse It Has Ever Experienced

Posted: 13 Mar 2017 09:00 AM PDT

Most of us living in the northern hemisphere don't think that anything like this could happen to us any time soon, but the truth is that warning signs are already starting to erupt all around us:   From Michael Snyder: The ninth largest economy in the entire world is currently experiencing "its longest and deepest recession […]

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Mystery: Researchers Spot Massive Structure Moving Under The Pacific: “2.5 Miles In Diameter & Surrounded By Tank Tracks”

Posted: 13 Mar 2017 08:00 AM PDT

We see a large circular object and an obvious path or trail created by it – and it disappears into a blurred out area – how convenient…   From Mac Slavo: There's something lurking below the ocean and researchers can't seem to agree on what it might be. The object, which measures a massive 2.5 […]

The post Mystery: Researchers Spot Massive Structure Moving Under The Pacific: "2.5 Miles In Diameter & Surrounded By Tank Tracks" appeared first on Silver Doctors.

Lowest Price EVER On Silver Maples, + Free Survival Food With Every Order!

Posted: 13 Mar 2017 07:15 AM PDT

On Sale At SD Bullion You May Also Like   2017 10 oz Canadian Silver Magnificent Maple Leaves Coin BU 2017 1 oz Perth Mint Platinum Platypus Coin 2017 1 oz PCGS MS-70 First Strike Gold American Eagle 1/2 oz Incuse Indian 999 Fine Silver Rounds These Specials End Monday, March 20th at 10:00 AM […]

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Gold And Silver: Legal Weapons Against The Deep State

Posted: 13 Mar 2017 07:02 AM PDT

Just like everything else in the western financial system, the paper trading markets are leveraged beyond redemption.   From PM Fund Manager Dave Kranzler: Question:  Why do Central Banks and Governments hate gold? Answer:  Because they can't print it "An almost hysterical antagonism toward the gold standard is one issue which unites statists of all […]

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The Dark Secrets Of The Catholic Church Are Coming Out

Posted: 13 Mar 2017 07:01 AM PDT

This is shaking the Vatican to the core:   From Michael Snyder: We aren't supposed to talk about what goes on behind closed doors when the cameras are off and the public can't see what is happening. There is corruption in virtually every large organization, but those that hold themselves out as "spiritual leaders" need to […]

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Gold export ban halts Tanzanian mining merger, but trend is undervaluation

Posted: 13 Mar 2017 05:40 AM PDT

Tanzania's gold and copper exports ban has stalled the merger between London's Acacia Mining and Endeavour Mining Corporation of Canada. The early March ban, legislated by the Tanzanian government on...

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Ron Paul urges Arizona lawmakers to end capital gains tax on gold coins

Posted: 13 Mar 2017 04:21 AM PDT

GATA

Breaking News And Best Of The Web

Posted: 13 Mar 2017 02:37 AM PDT

House Intelligence panel wants wiretapping evidence by Monday. China’s debt is “out of control”. Stocks are wildly overvalued. Gold and silver at multi-week lows. SEC rejects bitcoin ETF, price plunges then recovers. Fed expected to raise rates at next meeting. Obamacare replacement on the table, facing opposition. Wikileaks drops another bombshell.   Best Of The […]

The post Breaking News And Best Of The Web appeared first on DollarCollapse.com.

$21,714 For Every Man, Woman And Child In The World – This Global Debt Bomb Is Ready To Explode

Posted: 12 Mar 2017 08:11 PM PDT

Debt Bomb Globe - Public DomainAccording to the International Monetary Fund, global debt has grown to a staggering grand total of 152 trillion dollars.  Other estimates put that figure closer to 200 trillion dollars, but for the purposes of this article let’s use the more conservative number.  If you take 152 trillion dollars and divide it by the seven billion people living on the planet, you get $21,714, which would be the share of that debt for every man, woman and child in the world if it was divided up equally.

So if you have a family of four, your family’s share of the global debt load would be $86,856.

Very few families could write a check for that amount today, and we also must remember that we live in some of the wealthiest areas on the globe.  Considering the fact that more than 3 billion people around the world live on two dollars a day or less, the truth is that about half the planet would not be capable of contributing toward the repayment of our 152 trillion dollar debt at all.  So they should probably be excluded from these calculations entirely, and that would mean that your family’s share of the debt would ultimately be far, far higher.

Of course global debt repayment will never actually be apportioned by family.  The reason why I am sharing this example is to show you that it is literally impossible for all of this debt to ever be repaid.

We are living during the greatest debt bubble in the history of the world, and our financial engineers have got to keep figuring out ways to keep it growing much faster than global GDP because if it ever stops growing it will burst and destroy the entire global financial system.

Bill Gross, one of the most highly respected financial minds on the entire planet, recently observed that “our highly levered financial system is like a truckload of nitro glycerin on a bumpy road”.

And he is precisely correct.  Everything might seem fine for a while, but one day we are going to hit the wrong bump at the wrong time and the whole thing is going to go KA-BOOM.

The financial crisis of 2008 represented an opportunity to learn from our mistakes, but instead we just papered over our errors and cranked up the global debt creation machine to levels never seen before.  Here is more from Bill Gross

My lesson continued but the crux of it was that in 2017, the global economy has created more credit relative to GDP than that at the beginning of 2008’s disaster. In the U.S., credit of $65 trillion is roughly 350% of annual GDP and the ratio is rising. In China, the ratio has more than doubled in the past decade to nearly 300%. Since 2007, China has added $24 trillion worth of debt to its collective balance sheet. Over the same period, the U.S. and Europe only added $12 trillion each. Capitalism, with its adopted fractional reserve banking system, depends on credit expansion and the printing of additional reserves by central banks, which in turn are re-lent by private banks to create pizza stores, cell phones and a myriad of other products and business enterprises. But the credit creation has limits and the cost of credit (interest rates) must be carefully monitored so that borrowers (think subprime) can pay back the monthly servicing costs. If rates are too high (and credit as a % of GDP too high as well), then potential Lehman black swans can occur. On the other hand, if rates are too low (and credit as a % of GDP declines), then the system breaks down, as savers, pension funds and insurance companies become unable to earn a rate of return high enough to match and service their liabilities.

There is always a price to be paid for going into debt.  It mystifies me that so many Americans seem to not understand this very basic principle.

On an individual level, you could live like a Trump (at least for a while) by getting a whole bunch of credit cards and maxing all of them out.

But eventually a day of reckoning would come.

The same thing happens on a national level.  In recent years we have seen examples in Greece, Cyprus, Zimbabwe, Venezuela and various other European nations.

Here in the United States, more than 9 trillion dollars was added to the national debt during the Obama years.  If we had not taken more than 9 trillion dollars of consumption and brought it into the present, we would most assuredly be in the midst of an epic economic depression right now.

Instead of taking our pain in the short-term, we have sold future generations of Americans as debt slaves, and if they get the chance someday they will look back and curse us for what we have done to them.

Many believe that Donald Trump can make short-term economic conditions even better than Obama did, but how in the world is he going to do that?

Is he going to borrow another 9 trillion dollars?

A big test is coming up.  A while back, Barack Obama and the Republican Congress colluded to suspend the debt ceiling until March 15th, 2017, and this week we are going to hit that deadline.

The U.S. Treasury will be able to implement “emergency measures” for a while, but if the debt ceiling is not raised the U.S. government will not be able to borrow more money and will run out of cash very quickly.  The following comes from David Stockman

The Treasury will likely be out of cash shortly after Memorial Day. That is, the White House will be in the mother of all debt ceiling battles before the Donald and his team even see it coming.

With just $66 billion on hand it is now going to run out of cash before even the bloody battle over Obamacare Lite now underway in the House has been completed. That means that there will not be even a glimmer of hope for the vaunted Trump tax cut stimulus and economic rebound on the horizon.

Trump is going to find it quite challenging to find the votes to raise the debt ceiling.  After everything that has happened, very few Democrats are willing to help Trump with anything, and many Republicans are absolutely against raising the debt ceiling without major spending cut concessions.

So we shall see what happens.

If the debt ceiling is not raised, it will almost certainly mean that a major political crisis and a severe economic downturn are imminent.

But if the debt ceiling is raised, it will mean that Donald Trump and the Republicans in Congress are willingly complicit in the destruction of this country’s long-term economic future.

When you go into debt there are consequences.

And when the greatest debt bubble in human history finally bursts, the consequences will be exceedingly severe.

The best that our leaders can do for now is to keep the bubble alive for as long as possible, because what comes after the bubble is gone will be absolutely unthinkable.

Why Did Silver Fall, Report 12 Mar, 2017

Posted: 12 Mar 2017 07:10 PM PDT

Monetary Metals

Top Ten Videos — March 13

Posted: 12 Mar 2017 05:01 PM PDT

Jim Rickards on the Fed’s flawed model: “Like believing the sun revolves around the Earth.” Clif High on why gold will soar but bitcoin will rise three times as fast. Hugo Salinas Price on the apocalypse “that is upon us.”                    

The post Top Ten Videos — March 13 appeared first on DollarCollapse.com.

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