Buy American Eagle gold coins online – Cheapest reputable gold bullion dealers on the internet

By Abdullah Patel

As inflation rises, purchasing gold may be the best financial decision that you can ever make. Gold is well known as a hedge against inflation and if you want to protect your financial future then investing in gold coins could be the way to go.

Here are a few gold facts for you:

For thousands of years gold has been highly valued and has never been valued at 0. Gold has been a popular choice not only in the United States but also in many foreign countries around the world. Gold has nearly tripled in value in the past 10 years and continues to rise today. As you can probably tell, gold is just as important today as it was several thousands of years ago.

A popular choice among gold investors is the United States American Eagle gold coin. The reason why this is such a popular choice among investors is because it is the only gold coin that is guaranteed by the federal government to have an accurate weight and purity. When it is backed by the United States government you can bet it’s pure.

You can purchase these coins in several weights, manufacture dates, and purities. A common coin is the one ounce American Eagle. These beautiful coins have found their way into many homes across the United States and around world.

You can find these coins at your local collectors shop, on the internet, or even on E Bay. If you are really looking to get a good deal on your American Eagle gold coin perhaps the best place to look would be on Ebay, Here you will find an auction that is open to the public and often offers discounted deals on these coins. Be sure to check out your seller’s ratings and comments in the feedback box. The last thing that you want to do is get stuck with a fake gold coin and end up eating the cost.

Kiwis Caught Up In Gold Rush

By ROB STOCK

Gold-selling fever is seeing millions of dollars of unwanted gold flowing into refiners, but the boom still doesn't rival the upturn in investors seeking gold bullion as a defence against uncertain economic times.

Last week, the Sunday Star-Times reported on the low prices people may receive for their unwanted gold when they sell it at kiosks in shopping malls, and how those wishing to cash up old gold can often find a better price at a jewellers or pawnbrokers.

But one of the refiners who buys from pawnbrokers said its trade in buying unwanted gold, either directly from the public or through a network of gold buyers, had gone from $10,000 a month 18 months ago to between $250,000 and $500,000 a month.

Tony Coleman of New Zealand Gold Merchants, which has been operating since 1975, said: "In the last 18 months it has gone from nearly no market at all to a huge market. Millions and millions of dollars a year are changing hands, but we are also seeing 10 to 20 times that in the amount of investment gold being sold."

The gold price has been high, but it is the recent surge in adverts from gold buyers that has fuelled the selling bug among the wider public. "It is really because of the advertising. The gold price was a bit lower a year ago, but there is a massive amount of people seeing easy money to be made by selling their gold," said Coleman.

NZ Gold Merchants, which also recovers silver from x-rays and photographic film, is one of the largest recyclers of gold jewellery, said Coleman.

But he said the gold-buying bonanza had a darker side, with burglars increasingly targeting gold jewellery which is often hard to identify as much of it is mass-produced, said Coleman. That's led to a police crackdown he said, which was unfortunate for one burglar who was nabbed after one enterprising victim emailed pictures of her lost items to New Zealand Gold Merchants. The firm's workers spotted the items when a man tried to sell them, and coincidentally there was a policeman there on a regular visit looking for stolen items.

Coleman said the gold-selling fever was dwarfed by the rush of some of New Zealand's wealthier citizens to buy gold as an investment, often as an insurance policy against financial meltdown. Some were concerned that the economy could collapse entirely, said Coleman. Others were afraid the government might go bust and attempt a wealth-grab.

New Zealand Gold Merchants manufactures gold bars for investors, as well as supplying jewellers, but to satisfy investor demand it is importing high-quality bars from Swiss firm Pamp, one of the world's most prestigious bullion dealers.

"We do make our own gold bars, but what we have found is that people sometimes want the ultimate surety of Swiss gold," Coleman said. Pamp is one of the world's most recognised bullion product producers with its Lady Fortuna bars instantly recognisable and accepted around the world.

One troy ounce bars currently cost about $1680 – there's no GST on gold bullion purchases – though the price changes constantly as the gold price moves in New Zealand dollars.

What is a Dinar

Basically, Dinar is a gold coin. The World Islamic Trading Organisation following the standard of caliph Umar Ibn al-Khattab, established the following standard: DINAR Weight: 4.25 grams Alloy: 22 carats (0.916) Gold

According to Islamic Law... The Islamic gold dinar (sometimes referred as Islamic dinar or Gold dinar) is a bullion gold coin made from 4.25 grams of 22-carat gold with historical Islamic significance. Gold dinar may also refer to various historic gold coins denominated in dinars. The Islamic Dirham is a specific weight of pure silver equivalent to 3.0 grams. Umar Ibn al-Khattab established the known standard relationship between them based on their weights: "7 dinars must be equivalent to 10 dirhams." "The Revelation undertook to mention them and attached many judgements to them, for example zakat, marriage, and hudud, etc., therefore within the Revelation they have to have a reality and specific measure for assessment [of zakat, etc.] upon which its judgements may be based rather than on the non-shari'i [other coins]. Know that there is consensus [ijma] since the beginning of Islam and the age of the Companions and the Followers that the dirham of the shari'ah is that of which ten weigh seven mithqals [weight of the dinar] of gold. . . The weight of a mithqal of gold is seventy-two grains of barley, so that the dirham which is seven-tenths of it is fifty and two-fifths grains. All these measurements are firmly established by consensus." Ibn Khaldun, Al-Muqaddimah

When gold goes up, gold stocks soar.

Have you started to invested in gold? Now is the time to put your money and convert it to gold. You know that even though that the investment in gold has resulted 350% profit, not many have invested into the yellow metal.

1.3 billion Chinese have converted the savings into gold and yet others have not done anything about it yet.

Will you be the one following the crowd or be the leader, putting yourself in front of the crowd of those having the most investment in gold waiting to cash in your wealth?

Act now. As Bloomberg says, "gold is the hedge against currency devaluation" - it can't be diluted, debased, or destroyed. This is why demands tends to pick up when inflation does.

Get your report now. Be the early ones to be informed on the latest news.

Why I got into silver

by Jason Hommel, December 17th, 2009

When I started working for myself, I made my very first money, enough to save for the very first time, but I was working so hard, over 80 hours a week! I guess God finally caught up to me, because, at some point, I began to think. And that's when it all started.

I thought: Why am I working myself to the bone, sleep depriving myself, to save up little pieces of paper in a bank, that does not even have the pieces of paper that they say are in my account? It's fraud upon fraud.

Yes, yes, I know what they tell us, that they are lending my money out, to be able to provide a return, enough to pay me the "interest". Sorry, 1% is not enough to get excited about, not when I've been living with 4-5% inflation my whole life. I saw the increases in the prices of candy and comic books in the 70's when I was a kid. I know.

I heard at the gun store from a guy who said that gold was cheap at anything under $350/oz., because the miners can hardly produce it for that, he was amazed at the low prices, and he thought that buying it was a zero risk opportunity to make some money.

I forget now, but I probably did a little research on the internet, which confirmed what he was saying.

So, I bought some gold and silver from the local coin shop at Tebo Coin in Boulder, Colorado, something I wanted to do my whole life, but never had the money to do.

I got 4 ounces of gold, and about 400 silver dimes. I got an American Eagle, a Kruggerand, a Mapleleaf, and a Philharmonic. I think I paid about $300 each for them, or so.

I had already bought a gun, because it seemed to be the responsible thing to do, but this was really cool. Now I had Gold, silver, cash, and a gun!

I kind of felt like an outlaw or something. I felt like I was robbing the banks, but legally!

I also stocked up on some food. But I quickly sold the food, and moved home.

I had to convince my dad. Y2K was coming up. He had way more money than me to protect, and he could prepare much better than I could, "just in case". We spent less than 1/2 of 1% of his net worth on preparations, and converted less than 10% of his wealth into silver and gold. Not too bad.

One day, my dad asks me, "Which is better, silver, or gold, and how do you know?"

Good question. It forced me to research more. I already knew the silver market was smaller, and that there was no investment demand, and thus, any new investment demand that went into silver would push the price way up.

Back in 1998, there was more investor selling than buying. Coin shops would send excess silver to refiners. From their perspective, they were drowning in silver. From an investor's perspective, the silver coming from investors selling is an "unsustainable supply source" one that, when it ends, will cause a whipsaw price change to the upside, even without any new investor buying!

In 1999, investors started buying 90% "junk" USA silver coinage dated 1964 or earlier, to prepare for Y2K, in case the banks crashed from computer failure, or bank runs. Prices for on those silver coins soared from about 5% over spot, to 50% over spot of $5/oz., in just a few months. We got a bit scared at that, and held on.

My grandmother had some bonds. My father next suggested that we try to convince her. So, I wrote up a small report about what I learned. I detailed that silver mine supply was about 500 million ounces, recycling was about 200 million more ounces, and government selling was about another 50 million ounces. Recycling included "investor selling".

Demand consumed it all, all 750 million ounces produced or recycled each year. Demand consisted of about 45% industrial demand, mostly in electronics, 25% jewelry & flatware demand, and 25% photography demand, and about 5% coin/medallion production.

The shocker was the relative numbers. At $5/oz., the size of the annual silver market was a tiny $3.7 billion, world wide.

In monetary terms, that was nothing. The money in US banks stood at $4 trillion, 1000 times as large.

She seemed a bit convinced, but where would she get silver, and where would she put it? She was too old to guard it, she was nearly 80. Sigh.

Very little has changed in 10 years.

Photography demand has dropped by about 10%, and investor demand has increased to about 10%, effectively replacing it, creating no new significant investment buying pressure.

Silver Eagle production has increased from 10 million coins to 20 million coins per year. In a 600 million oz. annual mining market, it's almost an insignificant change, this increase in coinage of 100%.

Silver has gone from $5 to $17.

M3, money in the banks, has gone from about $4 trillion to about $15 trillion.

The increase has been at about the same rates. Silver is just keeping pace with the inflation.

No significant money has yet flowed into silver, which is the event that will cause silver to vastly outpace in value all other investments or real property.

Popular press that writes about how much silver the ETF's "have obtained", have no clue about how much the ETF's have, since their silver is not able to be audited.

JP Morgan is the custodian of the silver for SLV.

JP Morgan has the largest short position in silver at the COMEX.

SLV's silver cannot be audited, as JP Morgan has the right to have sub custodians and sub sub custodians hold silver for the SLV. READ THE PROSPECTUS!

This means they can back up the SLV with long positions in futures, since "someone else" has the silver. So, SLV is backed by futures, and futures can now be backed by SLV.

It's now fraud backing fraud. But business as usual for the banks!

JP Morgan has $80 trillion in derivatives exposure, while the next largest banks have only $35 trillion, and the 4th largest has only $4 trillion.

What has changed significantly is that the fraud of "holding silver for investors", silver that was never purchased, and does not exist, has vastly increased.

Creating "paper silver" is similar to inflation. The effects of rising prices for REAL silver are not seen right away, there is a delay. The delay will one day manifest itself in silver rising much faster than it did in 1980.

The 1980 peak saw silver rise to $50/oz.

You can adjust for inflation in many ways.

1. If you go by government CPI numbers, the former peak would be about 2.5 times higher, or $125/oz.

2. If you go by the increase in M3, the increase in the paper money creation, which is the real inflation, then the increase is about 8 times higher, from about $1.8 trillion to about $15 trillion, so silver's "inflation adjusted" high would be $400/oz.

Silver moved up $10/day back then. We could see silver thus move up by $80 day sometime in the future, when things "blow up" in the financial world, or even more per day.

3. The third kind of inflation is the derivatives. There are a notional $1000 trillion of derivatives, mostly interest rate derivatives, or bets on the change in interest rates. People don't really buy very much gold in this era, they mostly place bets on the way they think interest rates will go, using highly leveraged bets. Mostly interest rates are flat. I suspect most of the bets thus fail. You need a change in rates for people's bets to pay off.

The comparative numbers are that the world's annual mine production of gold is about 2400 tonnes, or about 75 million oz., worth about $85 billion.

All the gold in all the world, ever mined in all of human history, stands at about 155,000 tonnes, or about 5 billion ounces, worth about $5.5 trillion.

The $1000 trillion of notional value of mostly "interest rate" derivatives simply dwarfs the gold market.

I write that more for future students of history than for people today. Most fools alive now simply don't get it. Future generations would simply not believe the stupidity of this generation, unless I wrote it down.

4. The fourth kind of inflation is a narrow subset of derivatives, including all the different kinds of "paper silver". This would include futures, options, ETF's, silver pools, silver certificates from Perth or Canadian Banks, and "over the counter" silver obligations.

For ten years, I was told that the "over the counter" silver obligations were unknowable, but probably the biggest kind of fraud.

Last year, I finally got a hold of some data on the over the counter silver derivatives.

The BIS report on commodity derivatives.

http://www.bis.org/statistics/otcder/dt21c22a.pdf

It shows there is $203 billion in "other precious metal" notional derivatives owed by all the world's banks.

That's mostly $203 billion of silver fraud, because the silver market is a $10 billion market, with investors only buying $1.7 billion per year!

We ought to know who the BIS is. The BIS is the Bank for International Settlements.

http://www.bis.org/

http://en.wikipedia.org/wiki/Bank_for_International_Settlements

"The Bank for International Settlements (BIS) is an international organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks." It is not accountable to any national government.

The latest report shows an increase in the "notional amounts outstanding" in the "other precious metals" category, from $96 billion in Dec. 2008 to $203 billion in June 2009. They only report twice a year.

Please note, the entire annual silver mine production is about 600 million ounces, at $17/oz., is $10.2 billion.

Thus, the banks owe 20 times more "other precious metals" than silver is produced per year.

Does the "other precious metals" category include platinum and palladium? Sure. But those markets are as small, if not smaller, than silver!

The world produces about 8 million ounces of each.

Platinum at $1428/oz. x 8 million is an $11.4 billion market.

Palladium at $365/oz. x 8 million is a $2.9 billion annual market.

Few people try to accumulate platinum and palladium, it's nearly zero, less than 5% of those markets physically, nearly no buyers of those metals in our coin shops, and I suspect even fewer derivatives to match. Thus, nearly all of the "other precious metals" derivatives are silver.

I hope I didn't lose you, but here's more comparative numbers.

99.5% of silver investors are being defrauded by paper silver!!!

BIS "other precious metals": $203 billion.

COMEX futures silver contracts, 157,310 x 5000 oz. x $17: $13.3 billion.

Perth Mint gold and silver certificates: $2 billion

Annual investor demand for silver: 100 million oz. x $17: $1.7 billion

Thus, 99.5% of all silver investors, or more, do not have the silver they think they have.

If your silver is a number on a statement or on a piece of paper, I can tell you, it probably does not exist. The math shows it's probably impossible for it to exist.

It would have been impossible for the sellers of paper silver to have gone into the tiny $3 billion to $10 billion annual silver market to buy $200 billion of silver!

The BIS figures show they should have bought $100 billion of silver in the last year! FROM WHERE?!

If you have paper silver, you have to take delivery, or cash out, and buy real silver from a real seller of real silver.

Please tell me your story, on why you bought silver. When? What led you to it? Over how long?

Yes. I'm biased. I'm a bullion dealer. But I've been writing on silver for 10 years, and I've only started dealing last year.

I became one, in part, because too many of my readers were being defrauded, and telling me about the fraud.

Consider this: Why am I one of the most popular silver advocates in the world, when I'm just a tiny little player? There is $5 trillion of gold out there in much wealthier hands than mine. They are not telling you to buy gold. Why not? Maybe because they are trying to keep it a secret, because they want to buy more for themselves! Maybe because they have no intention of selling at these prices.

But gold and silver are mined each year. Miners have huge expenses, they MUST sell, and that accounts for most of new supply, thus, the focus on it for supply/demand considerations.

In other words, bullion holders, 99.999% of them anyway, are not telling you to buy gold, and they are not selling!

My readers tell me it can be almost IMPOSSIBLE to get silver out of the large companies perpetrating the silver fraud and interest rate fraud.

Let's remember, their silver is unauditable.

Gold and silver are as good as they ever were.

To this day, miners are not expanding production, because expenses, such as energy costs, have risen more than gold.

Thus, the story is the same today as it was 10 years ago, only better. The miners can hardly make money at these prices for gold.

The difference today is that we now have nearly ten years of price rises behind us. Buyers today have "price confirmation". It's not like trying to catch a falling knife, or buying into a market that's dead in the water. Prices are moving. Don't get caught out.

If silver is going to go up by $80/oz. in a day, as inflation suggests, that suggests that silver will be unavailable anywhere, at any price, at some point.

This is why I suggest you buy silver, while you still can.

They day has already come when no silver was available!

I know a lot of people bought 1000 oz. bars in the last year, when no other better kinds of silver was available. Let me help you.

My best offer:

We are now buying 1000 oz. bars, paying cash, at 5% under spot prices.

We can exchange a 1000 oz. silver bar, for 1 oz. silver rounds, 10 oz. bars, or 100 oz. bars, for 10%. IE, you ship us a 1000 oz. bar, and you get 10% less silver.

Almost nobody really needs to exchange more than 1 bar.

You might not need to exchange any, but just buy at least 1000 generic rounds.

The exchange offer at 10% is actually the better deal, you will save about 4.8% than if you sold for cash, and then spent cash on rounds.

Premiums should come down as silver prices rise. As it stands, the 20 million silver eagles sold each year in the US bring in a mere $1 per coin, on average, or $20 million gross profit among 4000 coin dealers nationwide, or $5000 average each.

We also are selling silver products at approximately the following premiums over spot:

$1.37/oz. over spot, 8.0% Silver 720 oz. $1000 90% Junk Coins
$1.48/oz. over spot, 8.6% Silver 100 oz. bar
$1.37/oz. over spot, 8.0% Silver 10 oz. bar
$1.59/oz. over spot, 9.2% Silver 1 oz. Generic Rounds
$3.47/oz. over spot, 20.2% Silver 1 oz. American Eagles 1 oz.

For up to the minute prices, see:
http://jhmint.com/cgi-bin/ssrbidask

DON'T FORGET!

Phoenix Investment Conference � Gold & Silver Showcase, Feb.4-5

I'll be speaking!

When I first began to learn about the opportunity in silver, I spoke to anyone who would listen. One of the first men was a pastor of a local Church. He listened to me when silver was $5/oz., but I suppose his wife was harder to convince. He discovered the mining investment conferences; one was taking place in San Francisco. He insisted I come. He dragged me to it, because he was looking for more info. I was already convinced, and didn't think I needed to go.

It was great!

You will learn a lot at the show from other experts, and part of the fun is to discern their reasons for why they have slightly different views, and to discern whether their reasons are sound, or not.

So, plan to attend, and plan to drag someone along, whether friends, family, enemies, etc.

This is the ONLY mining show in the USA put on by Cambridge House! It's one the very best shows in the industry, and there are about 20 industry shows per year.

Frank Holmes will be there, the man who gave the best presentation in San Francisco last month.

Bill Murphy will be there, of GATA. This show is a "must"!

Phoenix Investment Conference � Gold & Silver Showcase, Feb.4-5
http://cambridgehouse.ca/index.php/phoenix-resource-investment-conference.html

PROMO CODE: SSR

The conference is going to have an admission fee of $40. If you use promotion code (SSR) the Admission fee is reduced to $20.

American Silver Eagles

American Silver Eagles have been the official silver bullion coin of the United States since its first release in 1986. It is only ever struck with a face value of one dollar and carries one troy ounce of .999 pure silver. It is authorized by the US Congress and backed by the US Mint for both weight and content. The coin is minted in the U.S. Mint's West Point, New York facility,

Each coin contains one troy ounce of pure silver and measures 1.598" (or 40.6mm) in diameter with a thickness of .117" or 2.98mm. They are impressively large and substantial coins and are America's only official investment grade silver bullion coins.

It is also legal tender in the US although hardly likely to be used as such since the value of the silver in the coin heavily outweighs the face value.

The obverse design is based on the U.S. "Walking Liberty" half dollar, which was originally minted in 1916 and designed by the German-immigrant sculptor Adolph Alexander Weinman. He was the designer of the famous U.S. "Mercury" dime, also introduced in 1916. The reverse side of the coin features a bald eagle and shield, with 13 stars, representing the 13 original American colonies, positioned above the eagle's head.