Gold Breaks $1,000 an Ounce and Still on the Rise!  and Silver is just under $18 an ounce!

From November 2008 gold rose from around $700 to just over $1,000!
Since November 2008 Silver risen $8.46 an ounce, To Now just under $17!

Gold UP 19.4% for 2009, SIlver up 57.9% for 2009

• Numerous fundamental factors all but guarantee higher gold prices:

• 1) As a consequence of the current financial and economic crisis government debt is going through the roof — not just in the U.S., but all over the world!
• 2) Worldwide central banks are printing money like there is no tomorrow!
• 3) Gold & Silver demand is rising due to rising wealth in emerging economies where the yellow metal is still favored as a store of value!
• 4) Gold 7 Silver supply is stagnating or even slightly shrinking — despite the metal’s price rise since 2001. This is because it’s getting ever more difficult and expensive to get Gold & Silver out of the earth!
• 5) Finally, central bankers who were very eager to sell government gold at much lower prices a few years ago are getting increasingly reluctant to keep doing so. Emerging market central banks are even buying gold…yes that’s right buying gold!

Gold & Silver are nature’s money!

People all over the world are… buying Gold and Silver Collectible Coins to protect their assets…as insurance against… inflation, a dollar bust i.e. a financial crisis!

Posted by: connection4si | October 8, 2009

Banks cut use of Fed emergency lending programs

Gold & Silver update:

Thursday October 8, 2009

Gold still climbing to new heights of $1061 per ounce and not to be out done silver grows to just under $18 per ounce.

All this happening as new reports comes in about banks reducing their borrowing from the Federal Reserve’s emergency lending facility.

 

US banks reduce borrowing from Federal Reserve’s emergency loan programs over past week

  • By Christopher S. Rugaber, AP Economics Writer
  • On 5:02 pm EDT, Thursday October 8, 2009

WASHINGTON (AP) — Banks reduced their borrowing from the Federal Reserve’s emergency lending facility over the past week, and cut back their use of other programs designed to ease the financial crisis.

The Fed said Thursday that banks averaged $27.9 billion in daily borrowing over the week ended Wednesday, down slightly from $28 billion in the week ended Sept. 30. That’s also down from $75 billion a year ago, when the financial crisis was raging after the collapse of Lehman Brothers in September 2008.

The central bank has pumped trillions of dollars into the financial system through an array of short-term lending programs in an effort to ease the crisis. The reduced borrowing in the past week shows banks are having a slightly easier time getting short-term loans in private markets.

Numismatic Gold and Silver Coins have outperformed non-collectible coins in their appreciative value i.e. Numismatic Gold and Silver Coins have went up as a result of the increase and the cost of bullion PLUS the added collectible value; which in some cases it has been very significant! Actually even at times that Gold & Silver Bullion Coins went down based on the spot price of the metal Numismatic Gold and Silver Coins went up in value!

We are undoubtedly at the right place in history to get in the Numismatic Gold and Silver Coins business!

Gold soars to a new historic HIGH of $1045 per ounce and Silver kept in step, hitting $17.40 per ounce.

Just in the last six months, the U.S. dollar index has plunged 14%! It’s no secret that the U.S. government is on an unchecked spending spree which has put the United States at the mercy of our largest creditors, China in particular. While many economists are sounding the alarm bell about the ever rising debt load of the U.S. balance sheet, China has increased their gold holdings by over 16 million ounces. The action taken by China is a vote of no confidence for the U.S. Dollar and you can bet that other countries are doing the same.  As concerns grow, many are now turning to precious metals and rare coins as a hedge.

The problem for everyone who earns, saves and invests dollars is that the most prominent “solution” now being recommended around the world is THE REPLACEMENT of the U.S. dollar as the world’s reserve currency — a move that I’m convinced will make your money worth a fraction of its current value!

China is demanding that the dollar be replaced: China’s central bank governor, Zhou Xiaochuan says …

“The costs of a dollar-dominated system to the world may have exceeded its benefits. The dollar should … be replaced by a new global reserve currency.”

The United Nations is demanding A NEW GLOBAL CURRENCY: Dr. Detlef J. Kotte, director of the UN’s Macroeconomics & Development Policy, says …

“Replacing the dollar with an artificial currency would solve some of the problems related to the potential of countries running large deficits and would help stability.”

And in a monumental new report, the UN recommends the establishment of “ … a new ‘Global Reserve Bank’ or a reformed IMF to issue an ‘artificial’ reserve currency …

“ … the global currency would be backed by a basket of currencies of all the members.”

“The U.S. dollar is and has been the world’s reserve currency, the world’s medium of exchange. That’s in the process of changing.

“The pound sterling … lost 80 percent of its value … losing its status as the world’s reserve currency.”

We should expect to see the Dollar and Euro continue to fall relative to Gold and as goes Gold, so goes Silver!

Here are the facts…

Back in 2001 you could buy an ounce of Gold for $250. Today, it takes about $950 to buy an ounce of Gold. And the Euro has tumbled almost as much: From €250 to €680 for an ounce of Gold.

Silver as Money?
Source: David Morgan, Silver Investor  10/01/2009

Tom Jeffries: David Morgan is editor and publisher of The Morgan Report. Full disclosure: it is my favorite publication. David is one of the leading experts on silver in the world. The website is silver-investor.com. You get all the details about The Morgan Report

Mr. Jeffries: Everybody’s talking about gold’s place in the “new world order.” Woo! Let’s not get spooky, folks. How would you expect silver to act in the event of a world oligopoly, David? 

David Morgan: I think that, as I wrote so many years ago in Silver Investing Rules, no one likes to be a prophet of doom, but silver is the money of last resort, and I still believe that. However, gold certainly has a higher monetary aspect to it as basically a store of wealth, a store of value, and a safe haven. Silver has those qualities because it’s an industrial metal as well. 

But from a practical perspective, silver is the one that you’d be actually using in times of crisis. Not that you wouldn’t use gold, but if something happened and you needed to get a loaf of bread, a gallon of gas, pay rent, or keep your landlord off your back, and you had some silver coins, that would be a lot more advantageous to you than a gold bar, which would be pretty hard to divide up and pay your landlord or whatever. 

So silver really has been money in more places for longer periods of time than gold has, and whenever I make that statement it seems to get some people upset, but it’s a fact, it can’t be disputed. Through all of recorded history it (silver) has far more functionality as money than gold does. 

Mr. Jeffries: Okay. I’m playing devil’s advocate for a second here with you, David. I guess that begs the question, and maybe you can explain, what central banks and those wily governments out there are going to do to resist the allure of silver for the average investor? As a money alternative? 

Mr. Morgan: Well, that’s a great question, Tom, and it’s a tough one. To really get an in-depth answer to that question you should go to our Web site, silver-investor.com, and go in the archives section and read everything Charles Savoie has written for the last decade. 

Mr. Jeffries: Yes, okay; I have read his work he has provided a massive amount through the years. 

Mr. Morgan: Readers get an eye-opener on how important silver is as money, what the central banks really think of it through history, and why they basically demonized and demonetized silver as their main concern so many years ago, hundreds of years ago, really. You’re looking back to, say, the Crime of 1873, 120–130 years or so ago. 

And once that was accomplished, you went to the gold-only path. And then you had a monetary metal that was much easier to control because the banks had most of the gold anyway. So if the banking community and financiers got rid of silver, you didn’t have a problem with the people (or the peons and underlings, as the bankers view us), and you just had gold, and they owned it, so they could make the rules. 

And as you know Tom, and very few do, The Wizard of Oz was basically a metaphor for going to the gold-only standard. There’s a gentleman, whose name I can’t recall, who wrote an article that’s on the Gold-Eagle website about how the gold-only standard eventually leads to the fiat system, but when you have bi-metalism, which is where you have both gold and silver circulating freely, not necessarily a fixed ratio by government but what the market could decide, you have a much freer and safer system. 

You have a lot more stability in the system than you have on a gold-only standard, but very few people know that, very few people believe it, very few people study it. And if this is the government of the United States, supposedly of the people, for the people, and by the people, you should look at what the people use as money and why they use it. 

Of course I take that perspective and because of that, I’m very, very biased toward silver being not only a monetary metal but also probably the most high-tech industrial metal required for today’s world. 

Mr. Jeffries: I was shocked, and I don’t know why this was so obvious, standing right in front of my face, when I found out that Dorothy’s shoes were originally silver in The Wizard of Oz and then I realized what Oz is short for ounce . . . I don’t know where I was with that one! The Wizard of Oz, not time for that right now, but do some digging. Web of Debt, a book by Ellen Hodgson Brown, explains it very well. 

David’s written about this, it’s just fascinating. Holy Williams Jennings Bryan, Batman! The old Latin phrase comes to mind, talking about these ETFs and banks and central banks and that stuff, Cui Bono. “Who benefits?” in Latin. So, is this Goldman Sachs or is this one of the big guys behind the curtain (as in The Wizard of Oz) playing these ETFs or what’s going on? 

Mr. Morgan: It’s the banks. From my perspective, if you look at the Barclay’s Silver Trust, it’s in London. When Buffett bought 129.7 million ounces of fine silver off the COMEX, once he received the silver it ended up in London. 

Then Buffett sells his silver and then the silver ETF arises in London, so now Barclay’s bank has some control of a great quantity of silver. Just look at the two best studies on the silver market, depending on which one you choose. I’m going to choose the CPM Group (even though I’m very close to the Silver Institute). In any event, you’re looking at maybe 500-600 million ounces of fine silver in 1,000-ounce bar form. So, the iShares has almost 300 million, which means they have three-fifths, or 60 percent, of the world’s silver supply sitting in their bank more or less. Which is a pretty healthy amount, and then if you subtract the COMEX out of that, they’ve got most of it. In fact, they do have most of it, not counting COMEX, obviously, but the point is that the banks now—or a bank, Barclay’s—has silver in their bank again, which is something that they haven’t had up until the creation of the ETF. 

Mr. Jeffries: Tell me something about the Silver Summit in Spokane. 

Mr. Morgan: I did a Webinar with Hugo Salinas Price in Mexico and he actually asked that I would be the interviewer, which I consider to be an honor. I met him in person many years ago. 

Most people don’t know that Hugo Salinas Price has started a foundation (I don’t know if it’s technically a foundation, but a group) that is looking into using silver side-by-side with the Mexican peso, and this story has been out there for a very long time. It recently got shot down by, guess who, the central banks in Mexico. But the idea to put money into circulation just in one nation-state alone has huge significance, and as Hugo himself said (I’m paraphrasing), even if it doesn’t happen the idea of it happening has a lot of power, because people will realize honest money works! 

In the United States, some people are two paychecks or three paychecks away from bankruptcy, thus gold is the last thing on their mind as far as what they can afford. But they certainly could afford some silver, so I think you’re going to see silver really, really take off once we get near the end of this great credit debacle that we’re now experiencing. Again, though, I want to caution everybody: I don’t see that happening in 2009. I’m looking for the final wrap-up in this thing to happen somewhere around the 2012 timeframe.

 

 

We are in the middle of a financial disaster and it going to be getting a whole lot worst. You need to prepare and help all those who will listen to you now to prepare. It will finally hit you sooner or later (better sooner) that the dollar is losing its value and people are fleeing to Gold & Silver for security and preservation of their assets. The best security will be in Gold & Silver Collectible Coins, especially silver collectible coins i.e. Mint State 70 American Silver Eagle Coins. Based on the facts, we urge you to take all the reasonable actions you can to protect and provide for your loved ones! Let me remind you that Gold & Silver collectible coins were not declared by the US government to be illegal to possess as was the case with Gold & Silver bullion coins during the great depression era!

Honestly what we all need to start gradually getting out of holding paper dollars and/or any dollar denominated assets! Keep in mind that any movement of cash in or out of a bank that is $5,000 or more must be reported.

 

Start collecting some silver coins every month on our auto ship program!

The time to own Gold & Silver Collectible Coins is NOW! The Dollar is doomed! Read below why… 

 Think about it…

 “Inflation is the one form of taxation that can be imposed without legislation” Milton Friedman 

 So what do you think is going to happen? I am convinced that the value of the dollar will plummet i.e. the dollar will significantly lose its purchasing power globally!

This quote from Noble Prize Winning Economist Milton Friedman will give you some insight into what is on the agenda of the Obama administration. The real plan to is to tax the American people in a way the average person will not see happening i.e. they will be victims of hyperinflation!

In the absence of the Gold standard, there is no way to protect savings from confiscation through inflation.  There is no safe store of valve”  ~Alan Greenspan

Here are 2 short video clips that a packed full of valuable information on hyperinflation, why it is inevitable and how to prepare to survive it’s devastating effects on the lives of your loved ones! There will be real chaos!!

 

 

  A hundred different snapshots could show you the mess we’re in. Soaring personal and government debt. A plunging savings rate. Record-high mortgages as a percentage of GDP. Plunging yields on 10-year Treasuries. Soaring but “hidden” unfunded government liabilities, to the tune of $53 trillion…

But none show it better — and more plainly — than these two charts I’m showing you right here, above. The first is our skyrocketing money supply! The second is our plummeting purchasing power!!

I think the picture should be getting real clear, crystal clear, after reading the above and viewing the video clip i.e.

The dollar’s worth today is just pennies compared with what it bought a century ago. In fact, it’s worth is just a fraction now!

The timing couldn’t be better, to be in the Gold & Silver Collectible Coin business!

 If you haven’t started collecting Gold & Silver Collectible Coin, there is no better time than NOW!

 We will be looking forward to hearing from you, until then…

“Our government is sinking into debt at the fastest pace in history. The federal deficit has nearly quadrupled in a year. New spending programs now before Congress seem to guarantee even higher deficits and debt ahead.
To finance its skyrocketing debt, the U.S. Treasury and Federal Reserve are burying the planet under an avalanche of treasuries and newly printed dollars. As a result, the greenback suffered its largest weekly decline last week, plunging to a new one-year low.
Last week, we also learned that U.S. home foreclosures have just hit new all-time record highs and are still rising. Personal bankruptcies are exploding — even among the rich. Unemployment is still soaring. Consumer borrowing is contracting at a disturbing rate.
As a result, even the most optimistic analysts are now warning that we should expect the anemic earnings and stock performance we saw in August to be “the new normal.”
More pessimistic analysts are warning that the next shoe could soon drop: The rapidly deteriorating commercial real estate market could be the straw that breaks the economy’s back and crush U.S. stocks in 2010.”

No we can’t escape the “American Disaster”; so we had better take serious the need to prepare for it getting worse! Did you read the email I sent out yesterday? “My mission is clear…prepare my family, friends and all who will listen, how to prepare for survival in a hyperinflationary economy!” If not I recommend you take and few minutes right now and study it! Your families future is at stake here! Don’t take my word for it…take His Word for it, study the scriptures, the days are evil and more perilous times are coming!! Start building an ark for your family and tell all that will listen to do the same!! What we need to be thinking about is what we need to be doing to survive this disaster! I have sent out several emails in the past, sharing with everyone I know what they need to be socking away to prepare i.e. food, water, seed, ammunition gold & silver collectible coins etc.

As for the Gold Coins I recommend you buy the small gold coin i.e. the Austrian Philharmonic as well as the American Silver Eagle MS 70 both of which we offer. The smaller gold coin will be easier to use as will the Silver coin as it will be at a smaller value to trade with. One ounce of Gold will be too large for most types of usages. It is also very important that they are considered “collectible coins” as they will not be subject to government confiscation. As you probably know the US Government confiscated gold & silver bullion & bullion coins during the depression.

Honestly what we all need is to get out of holding dollars and any dollar denominated assets!

We are in the middle of a financial disaster and it going to be getting a whole lot worst. You need to prepare and help all those who will listen to you now to prepare the others will come back to you later, when it finally hits them that the dollar is losing its value and people are fleeing to Gold & Silver for security. The only real security will be in Gold & Silver Collectible Coins. Based on the facts, we urge you to take all the reasonable actions you can to protect your loved ones!

Start getting some coins every month!

Prepare for… “An American Disaster That’s Hard to Escape”

Let’s take a look at why Gold is on a steady climb up…

One of the reasons that gold is rising is that people everywhere, at every strata of economic standing, are starting to grasp that inflation is on the march, poised to explode out of control… even though the political machine in Washington are doing their best to cover up the fact. Consumer price inflation is actually running at around 5%. I am of the firm opinion that as the Financial Elite in cooperation with the Fed and the Treasury Dept. are exposed for the active Ponzi scheme it is, and the toxic release of unbacked dollars in massive quantities – are understood for what they are, then at least some of the trillions on the sidelines are going to find the security of Gold as well as some in Gold and Silver Collectable Coins comforting and the steady march upwards of its price tantalizing. And when inflation comes more clearly roaring down the road, they will find the reason to own it very compelling!

Individual investors are not the only market for Gold. As we have noted here in the past, many of the world’s central banks are now hedging their (dollar) bets with purchases of Gold. Recently the Chinese government has changed its position on precious metals ownership, they are now allowing private citizens to own precious metals, think of the potential future impact that will have in the price of precious metals.

In my view, since the Gold standard was abandoned in 1971, the price level of Gold really only has one direction – up!

This is also the view of Morgan Stanley’s chief economist Stephen Jen. You see, although the Fed and other Central Banks around the world are fretting over deflation right now, a persistent deflationary cycle is virtually ruled out by our fiat currency system. Think about it…there are literally no limits on the amount of money Central Banks in fiat money-based economies can print. Here are the facts: 1) Low inflation doesn’t last. Since 1820, historic data shows that periods of exceptionally low inflation have usually been followed by high inflation (we have never in history printed this much money and this large of a National Debt; if America was Corporation it would be considered insolvent! 2) Inflation has gone global. That means there is nowhere for investors to hide! The world is facing a Global Economic Disaster, they just don’t want the masses to know the truth, so the feed the media with half truths and misleading data to keep the people in the dark as long as they can, but internet has created a problem for them. People like me are educating those that desire to know the truth.

Let me be real clear, crystal clear, the real risk is in the paper money i.e. dollar backed CD’s, Savings Accounts etc.! Because they can create as much of it as they please! And they’re under pressure now to create a lot, look at what they have already done; we are talking historic amounts of currency creation, under the pretense of a so called “Stimulus Package”. OK does that mean you should buy precious metals and hope to get rich when Gold shoots up to $2,000 an ounce or more? Not a good idea, in my opinion. You should buy Gold and Silver Collectible Coins to protect your assets! Keep in mind also, that they are not likely to confiscate Collectible Coins. They didn’t back during the depression when they did in fact confiscated Gold and Silver Bullion, which by the way caused the price of Gold and Silver Collectible Coins to skyrocket! (History has shown us that the value of Gold and Silver Collectible Coins can appreciate as much or more from the collector value than the bullion value alone.)

You should buy precious metals for the following purpose: as insurance against… inflation, a dollar bust, a bear market in stocks and bonds i.e. a financial crisis! Gold & Silver are nature’s money, history tells us it was used for exchange as well as a measurement of wealth by Kings, Queens and Rulers of the world mentions Gold and Silver countless times. It is better than manmade money i.e. paper, plastic and electronically stored accounts. Keep in mind electronically stored accounts are only as good as the place it is stored i.e. live in a world that anything can happen to stored data! Now with Gold & Silver, what you have is what you’ve got. They can’t artificially depreciate it or easily increase the quantity of it or vaporize in cyberspace! That’s why the Feds don’t like it!! Because, like it or not, the Feds are between a rock and a hard place i.e. if they stop the flow of funny money you can be sure stocks, and the rest of the economy will plummet even further. But if they keep on flooding the Global economy with dollars, they don’t have in the first place… well… then who knows how high inflation will go, causing precious metals to climb in value even faster!

FYI…See below, The Feds closed 5 more banks this past Friday September 4th…this economy is coming unraveled!

Fri Sep 4, 9:39 pm ET

WASHINGTON (Reuters) – Bank regulators closed four Midwestern banks and one in Arizona on Friday, bringing to 89 the number of U.S. banks to fail this year as deteriorating loans continue to take their toll on financial institutions.

The closed banks were Vantus Bank in Sioux City, Iowa, InBank inOak Forest, Illinois, Platinum Community Bank of Rolling Meadows, Illinois, the First Bank of Kansas City in Missouri and the First State Bank of Flagstaff, Arizona, the Federal Deposit Insurance Corp said.

Vantus Bank was the largest of the five institutions to close, with total assets of $458 million and total deposits of about $368 million.

InBank had total assets of $212 million and total deposits of about $199 million while the First State Bank of Flagstaff, Arizona had total assets of $105 million and total deposits of approximately $95 million as of July 24. The First Bank of Kansas City, which has one branch, had total assets of $16 million and total deposits of about $15 million.

The Office of Thrift Supervision said that Platinum Community Bank had total assets of $148 million while the FDIC estimated its assets as $345.6 million as of August 29, 2009.

The five failures will cost the FDIC deposit insurance fund an estimated $401.3 million, the agency said.

In 2008, 25 U.S. banks were seized by officials, up from only three in 2007.

The insurance fund’s balance dipped to $10.4 billion at the end of the second quarter, but that level does not include the additional $32 billion that the FDIC has set aside to cover the cost of bank failures over the next year.

In September, Seattle-based lender Washington Mutual became the biggest bank to fail in U.S. history, suffering from losses from soured mortgages and liquidity problems.

The FDIC will insure up to $250,000 per account at the closed banks.

The agency also has running a tally of problem banks that its examiners closely monitor. At the end of the second quarter, 416 undisclosed institutions were on that list.

FDIC Chairman Sheila Bair has said bank failures will remain elevated even as the economy begins to recover because the bank industry is continuing to recognize loan losses and clean up their balance sheets.

She has said the industry’s woes are migrating from residential loans and complex securities to more conventional types of retail and commercial loans that have been hit hard by the recession. (Reporting by Diane Bartz; editing by Carol Bishopric)

Posted by: connection4si | September 11, 2009

Why Collectable Coins Vs. Bullion Coins.

PRESIDENTIAL EXECUTIVE ORDER…..Confiscate Gold (Except Gold Collectable Coins)

The Gold Confiscation Of April 5, 1933
From: President of the United States Franklin Delano Roosevelt
To: The United States Congress
Dated: 5 April, 1933
Presidential Executive Order 6102
Forbidding the Hoarding of Gold Coin, Gold Bullion and Gold Certificates By virtue of the authority vested in me by Section 5(b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, entitled

An Act to provide relief in the existing national emergency in banking, and for other purposes~’,

in which amendatory Act Congress declared that a serious emergency exists,

I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said section to do hereby prohibit the hoarding gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations and hereby prescribe the following regulations for carrying out the purposes of the order:

Section 1. For the purpose of this regulation, the term ‘hoarding” means the withdrawal and withholding of gold coin, gold bullion, and gold certificates from the recognized and customary channels of trade. The term “person” means any individual, partnership, association or corporation.

Section 2. All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion, and gold certificates now owned by them or coming into their ownership on or before April 28, 1933, except the following:

(a) Such amount of gold as may be required for legitimate and customary use in industry, profession or art within a reasonable time, including gold prior to refining and stocks of gold in reasonable amounts for the usual trade requirements of owners mining and refining such gold.

(b) Gold coin and gold certificates in an amount not exceeding in the aggregate $100.00 belonging to any one person; and gold coins having recognized special value to collectors of rare and unusual coins.

(c) Gold coin and bullion earmarked or held in trust for a recognized foreign government or foreign central bank or the Bank for International Settlements.

(d) Gold coin and bullion licensed for the other proper transactions (not involving hoarding) including gold coin and gold bullion imported for the re-export or held pending action on applications for export license.

Section 3. Until otherwise ordered any person becoming the owner of any gold coin, gold bullion, and gold certificates after April 28, 1933, shall within three days after receipt thereof, deliver the same in the manner prescribed in Section 2; unless such gold coin, gold bullion, and gold certificates are held for any of the purposes specified in paragraphs (a),(b) or (c) of Section 2; or unless such gold coin, gold bullion is held for purposes specified in paragraph (d) of Section 2 and the person holding it is, with respect to such gold coin or bullion, a licensee or applicant for license pending action thereon.

Section 4. Upon receipt of gold coin, gold bullion, or gold certificates delivered to it in accordance with Section 2 or 3, the Federal reserve bank or member bank will pay thereof an equivalent amount of any other form of coin or currency coined or issued under the laws of the Unites States.

Section 5. Member banks shall deliver alt gold coin, gold bullion, and gold certificates owned or received by them (other than as exempted under the provisions of Section 2) to the Federal reserve banks of there respective districts and receive credit or payment thereof.

Section 6. The Secretary of the Treasury, out of the sum made available to the President by Section 501 of the Act of March 9, 1933, will in all proper cases pay the reasonable costs of transportation of gold coin, gold bullion, and gold certificates delivered to a member bank or Federal reserve bank in accordance with Sections 2, 3, or 5 hereof, including the cost of insurance, protection, and such other incidental costs as may be necessary, upon production of satisfactory evidence of such costs. Voucher forms for this purpose may be procured from Federal reserve banks.

Section 7. In cases where the delivery of gold coin, gold bullion, or gold certificates by the owners thereof within the time set forth above will involve extraordinary hardship or difficulty, the Secretary of the Treasury may, in his discretion, extend the time within which such delivery must be made. Applications for such extensions must be made in writing under oath; addressed to the Secretary of the Treasury and filed with a Federal reserve bank. Each applications must state the date to which the extension is desired, the amount and location of the gold coin, gold bullion, and gold certificates in respect of which such application is made and the facts showing extension to be necessary to avoid extraordinary hardship or difficulty.

Section 8. The Secretary of the Treasury is hereby authorized and empowered to issue such further regulations as he may deem necessary to carry the purposes of this order and to issue licenses there under, through such officers or agencies as he may designate, including licenses permitting the Federal reserve banks and member banks of the Federal Reserve System, in return for an equivalent amount of other coin, currency or credit, to deliver, earmark or hold in trust gold coin or bullion to or for persons showing the need for same for any of the purposes specified in paragraphs (a), (c), and (d) of Section 2 of these regulations.

Section 9. Whoever willfully violates any provision of this Executive Order or these regulation or of any rule, regulation or license issued there under may be fined not more than $10,000, or,if a natural person may be imprisoned for not more than ten years or both; and any officer, director, or agent of any corporation who knowingly participates in any such violation may be punished by a like fine, imprisonment, or both.

This order and these regulations may be modified or revoked at any time.
/s/
Franklin D. Roosevelt
President of the United States of America
April 5, 1933

This is what happened in the 1970’s, history reapting itself.

Posted by: connection4si | September 10, 2009

Recommended Collectible Coins

2009 MS 70 ANACS Silver American Eagle
This is the most popular Numismatic Collector Coin in America!
Perfect to the eye and perfect for your collection. This 2009 ANACS MS70 Silver Eagle Dollar is flawless, making it an impeccable addition to your collection just about any way you look at it.
• Obverse (front) shows Lady Liberty striding forward in a flowing gown and wrapped by the American flag.
• Reverse depicts a heraldic eagle
• Measures approx 1.6′ in diameter
• Weighs approx. 1 oz.
• Contains approx. 1 oz. fine silver
• Encapsulated – for preservation and presentation.

2009 MS 70 DCAM Australian Koala
The 2009 Australian Koala Silver Coin is one of the world’s most popular 99.9% fine silver coins. Selected for it brilliance, beauty, collectability and value, this MS70 numismatic coin was designed by famed Australian artist Darryl Bellotti. These coins are an exceptional collectible.
• Measures approx 1.6′ in diameter
• Weighs approx. 1 oz.
• Contains approx. 1 oz. fine silver
• Encapsulated – for preservation and presentation.
2009 MS 70 ANACS DCAM Australian Kookaburra
The Kookaburra is one of the major silver bullion coins to change its design yearly. The highly collectible 2009 version is minted by the popular Perth Mint in Perth, Australia.
• Measures approx 1.6′ in diameter
• Measures approx 1.6′ in diameter
• Weighs approx. 1 oz.
• Contains approx. 1 oz. fine silver
• Encapsulated – for preservation and presentation.
2009 MS 70 ANACS Austrian Philharmonic
1,50 Euros
Minted in Vienna Austria by the Austrian mint, established in 1194, this coin contains both ancient beauty and pure silver. These coins are one of the most beautiful and well crafted in the world. The Vienna Philharmonic pure silver coin is named in honor of the world renowned orchestra, the Vienna Philharmonic.
• Measures approx 1.6′ in diameter
• Weighs approx. 1 oz.
• Contains approx. 1 oz. fine silver
• Encapsulated – for preservation and presentation.
2009 MS 70 NGC China Panda Silver 10Y
The 30th anniversary of Panda Silver coin is being sought by collectors worldwide. The Chinese government has split the mintage in 2009 with two different versions of this year available. The original version, offered here, is no longer being minted.
• Measures approx 1.6′ in diameter
• Weighs approx. 1 oz.
• Contains approx. 1 oz. fine silver
• Encapsulated – for preservation and presentation.
2009 MS 70 ANACS Braille Silver Dollar
200th anniversary of Louis Braille’s Birthday Commemorative Coin
This 2009 US coin commemorates the 200th anniversary of Louis Braille’s Birthday. Braille invented the Braille system for reading and writing for the blind and has been studied by US school children for this great societal contribution for over a century. The reverse is marked not only by a child reading in Braille, but the actual letters BRL appearing on the coin in Braille.
• Measures approx 1.6′ in diameter
• Weighs approx. 1 oz.
• Contains approx. 1 oz. fine silver
• Encapsulated – for preservation and presentation.
2000 & 2001 MS 70 ANACS Silver American Eagle
Many collectors start their Silver Eagle collection with this year 2000 coin. This date has always been popular due to its date being the first to begin with a “2”. The Silver Eagles of 2000 to 2002 can be difficult to find in the MS70 grade making acquiring these a challenge to all collectors.
• Measures approx 1.6′ in diameter
• Weighs approx. 1 oz.
• Contains approx. 1 oz. fine silver
• Encapsulated – for preservation and presentation
1986 MS 70 ANACS Silver American Eagle
First Year of Issue MS70 Silver Eagle
As collectors from the “State Quarter Era” try and back collect MS70 Silver Eagles, they have found early dates difficult to come by. This first year of issue coin has always been a popular find for collectors and we are proud to offer these while they last.
2009 MS 70 ANACS Austrian Philharmonic
1/10 ounce, 10 Euros
Minted in Vienna Austria by the Austrian mint, established in 1194, this coin contains both ancient beauty and .9999% pure 24 karat gold. These coins are one of the most beautiful and well crafted in the world.
The Vienna Philharmonic pure gold coin is named in honor of the world renowned orchestra, the Vienna Philharmonic. The design on one side of the coins features a bouquet of instruments, including: the string bass, cellos, violins, a bassoon, a harp and a Viennese horn. The other side of the coin depicts the great organ of the Golden Hall in Vienna, home to the Vienna Philharmonic Orchestra and site of the annual New Year’s Day Concert that is televised around the world. This side of the coin also depicts the face value in euros, and the country of issue “Republik Oesterreich”, the Republic of Austria, giving the coin its legal tender status.
•MS 70 Graded by ANACS- Perfect Mint State Condition
•Struck in 99.99% pure 24 karat gold- 1/10 ounce
•Exceptionally beautiful design of the Vienna Philharmonic Orchestra on one side and Vienna’s Golden Hall on the other
•10 Euro Denomination
1924 NGC St Gaudens
US $20 Gold Saint Gaudens Double Eagle
Choice Uncirculated MS65 NGC
Years 1907 to 1933
Beautiful, Certified, Authentic, High-Grade US Gold!
The Saint Gaudens Double Eagle is the most beautiful and famous coin in American History and has been a symbol of tangible wealth since 1907. These MS65 examples represent high-grade, choice quality coins.
The $20 Saint Gaudens is a big coin with a long history. It is the story of two cousins, Theodore Roosevelt and Franklin D. Roosevelt. Theodore Roosevelt commissioned artist Augustus Saint Gaudens to bring “art” to US coin designs. Franklin D. Roosevelt in 1933 signed legislation that took the United States off the Gold Standard and all US gold coins were recalled and melted (except for those with special collector value). It is estimated that at least half of all US Gold coins were melted, never again to be held in collections. Many were shipped to Europe as gold was the logical choice to Europeans as a protector of wealth.  Today most high-grade US $20 gold coins come to the United States as an import from Europe having been stored there since 1933. There is but a handful of successful international coin buying firms that import the majority of these gold coins to the United States. Rare coin buyer has agreements that allow exclusive access and the “first chance to purchase” from one of the largest importers of these high quality coins. You will only be offered screened coins that are in the top-tier of all MS65 Saint Gaudens. Our rejects are sold elsewhere (and probably for more than you will pay here).
Graded MS65 this is a chance to own an American original.
•Obverse (front) shows Lady Liberty carrying the olive branch of peace and the torch of enlightenment
•Reverse depicts an in flight eagle
•Measures approx 34.0mm in diameter
•Weighs approx. 1.075 ounces
•Contains approx. .9675 oz. fine gold
•Dates of our choice (1907 to 1933)
•Grading service our choice either PCGS or NGC MS65 (If you prefer ANACS they are currently priced about 5% higher, please email for price and availability)
Encapsulated – for preservation and presentation.
 
2009 MS70 ANACS Gold American Eagle
US $50 Gold American Eagle 
This coin, struck from American mined gold, represents a hefty and tangible asset as well as artful perfection and beauty.  Besides the allure of gold, the American Gold Eagle features the design of American sculptor Augustus Saint-Gaudens, which famously appeared on U.S. $20 gold coins issued from 1907-1933. The intricate details and flawless surface serve to highlight the beloved design, regarded as one of the most beautiful in U.S. history. Saint-Gaudens’ design of a “Standing Liberty” has stood the test of time for nearly a century.  The design on the reverse side, by sculptor, features an eagle carrying an olive branch flying above a nest containing another eagle and her eaglets — a patriotic image of American Eagles that is the perfect complement to Saint-Gaudens’ masterpiece!  This coin, authorized by the United States Congress, is backed by the United States Mint for weight and content.  This timeless numismatic collectible is guaranteed by the U.S. government to contain the stated amount of actual gold weight in troy ounces.  Perfection can be difficult to find, as of this writing we have been able to find less than 5% of these soft metal 2009 coins to grade MS70 at ANACS.  In 2008, shortages caused many collectors to miss out. Don’t wait to buy your 2009 $50 Gold Eagles The mint will be striking year 2010 coins soon so please act while these coins are still available.

 

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For pricing and availability on the above coins please contact the person that referred you to this website.

  

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