Day: August 23, 2009

Letter Re: Trading Numismatic $5, $10, and $20 Gold Pieces for Bullion Coins?

James: I have a question for you. Should a person keep old $20 gold coins, or convert them into 1 oz. gold American Eagles? This would assume coins with no great [numismatic] value, just old coins. Also, what about $5 and $10 gold pieces? Thanking You in Advance ,- Jim A. in Montana JWR Replies: As I’ve mentioned before, the often-mentioned threat of another gold confiscation is overblown, so essentially, “gold bullion is gold bullion.” For buyers here in the US, I recommend American Eagles from the US Mint, because they are widely recognized and accepted. There are also some …



Economics and Investing:

Greg C. sent this bit of mainstream media spin doctoring: AP source: White House projects lower deficit. Greg’s comment: “Another case of “The deficit is growing slower than we originally thought.” They fail to point out its still growing exponentially. They “saved”$250 billion while we will be at $2 trillion in the hole by year’s end. I love their math and outlook on life!” Thanks to Damon for this: Marc Faber “in China there is an investment bubble …the total collapse is ahead of us and probably a world scale war…” Reader Jim P. flagged this: Obama to raise 10-year …


Odds ‘n Sods:

Sometimes the bias of mainstream media is blatantly obvious. Compare this video clip, with this news report from CNBC. Notice how, with some clever editing, they did not inform their viewers that the man carrying the “assault rifle” in this news story about the “racist overtones” of the anti-Health Care plan protestors was in fact a black man.    o o o News from Australia: No-Warrant Terrorism Raids Proposed    o o o Reader Ken M. mentioned: “Ready Made Resources has a free solar power products catalog in PDF format that is great for anyone interested in solar power. The …


Jim’s Quote of the Day:

“The earth shall quake before them; the heavens shall tremble: the sun and the moon shall be dark, and the stars shall withdraw their shining: And the LORD shall utter his voice before his army: for his camp is very great: for he is strong that executeth his word: for the day of the LORD is great and very terrible; and who can abide it? Therefore also now, saith the LORD, turn ye even to me with all your heart, and with fasting, and with weeping, and with mourning: And rend your heart, and not your garments, and turn unto …