Should I Clean My Coins?

Digg thisShare on FacebookShare on Google+Share on LinkedInPin on PinterestShare on StumbleUponShare on RedditTweet about this on Twitter

How to Clean Coins – Don’t Do It!

If you are looking to clean old, rare, gold or silver coins…

My initial advice to you is to NEVER EVER CLEAN YOUR COINS.

In most cases, cleaning your coin will ruin the monetary value of your coin substantially. You will get that same advice from any coin dealer or coin collector you talk to. Coin collectors want coins in their natural condition, which means those little fine scratches and bits of dirt are acceptable. So again, my advice to you about cleaning coins is DO NOT CLEAN YOUR COINS EVER.

The only person that should clean coins is a professional. If you have a coin that you think needs to be cleaned, take it to the professional and ask them first.

One type of coin cleaning that you have probably seen is for treasure coins, old coins that were found in shipwrecks. These coins usually have a lot of dirt and barnacles growing on them. In those cases an electrical process is typically used to remove the dirt and debris. This cleaning process does not physically alter the surface of the coin.

The most common mistakes I see in cleaning coins is when someone cleans a coin with baking soda, a scour pad, soap and water or some kind of chemical.

I have actually seen a $20,000.00 coin become a $3000.00 coin all because a customer cleaned it!!!

They called me on the phone and said that they had a twenty dollar proof gold coin that they wanted to bring in. I told him it’s probably worth about $20,000.00 to $30,000.00. When he comes into the store, I look at the coin and it has lines all over it. I ask him, “What did you do?” He says, “Well, it was all dirty and discolored before I came in so I cleaned it.” What he did was lose about $20,000.00 because he cleaned his coin.

Let this be a lesson to everyone, NEVER CLEAN YOUR COINS!

10 Things You Didn’t Know About Gold

Digg thisShare on FacebookShare on Google+Share on LinkedInPin on PinterestShare on StumbleUponShare on RedditTweet about this on Twitter

With gold and silver down this morning – following a mysterious vertical plunge last night (once again) – we thought ConvergEx’s Nick Colas’ timely discussion of gold was worthwhile. As he notes, Gold is the ultimate personality test for investors. Some hate it, excoriating its adherents for their lack of faith in human ingenuity – gold has been valuable since before humans could write. And some swear by the yellow metal, in the belief that it is the last vestige of rationality in a world of financial assets manipulated by central banks and opaque trading venues. What gets lost in the wash is that gold is a commodity and can be analyzed as such. On that basis, here is the ‘Top 10’ list of real-world fundamentals for gold.

Read more here..
10 Things You Didn’t Know About Gold

China Playing a Major Role in Global Silver Market

Digg thisShare on FacebookShare on Google+Share on LinkedInPin on PinterestShare on StumbleUponShare on RedditTweet about this on Twitter

China’s role in the global silver market has dramatically changed over the past decade. Once a small player in the global market, China today is the world’s leading market for both physical investment and paper trading of silver futures and other similar products, and is the second largest silver fabricator today. Chinese demand for the white metal is expected to achieve further strong growth in the years ahead, according to a report by Thomson Reuters GFMS released today by the Silver Institute…

Read more here..
China Playing a Major Role in Global Silver Market

Next move in gold will be big, Hinde Capital’s Davies tells King World News

Digg thisShare on FacebookShare on Google+Share on LinkedInPin on PinterestShare on StumbleUponShare on RedditTweet about this on Twitter

Next move in gold will be big, Hinde Capital’s Davies tells King World News

Dear Friend of gata.org and Gold:

As currency debasement increases, gold will be the only collateral to survive in the world financial system, Hinde Capital CEO Ben Davies tells King World News today. Government intervention against gold will be overwhelmed by the market at some point, Davies says, and the market seems short right now. His gold price target for the next move is. … Well, it’s a big target, so why spoil the fun? An excerpt from the interview is posted at the King World News blog here: Ben Davies – This Move In Gold Will Take It To $2,400 -$2,500

Cramer video says buy gold! We agree however we do not trust ETF’s.

Digg thisShare on FacebookShare on Google+Share on LinkedInPin on PinterestShare on StumbleUponShare on RedditTweet about this on Twitter

Cramer video says buy gold! We agree however we do not trust ETF’s. Buy the metal and have it in your posession.
Watch Cramers Video here:

http://www.thestreet.com/story/11710595/1/cramer-transcript-golds-next-rally.html?cm_ven=GOOGLEN

Traveling Gold Buying Operation Generates Complaints Across The Country

Digg thisShare on FacebookShare on Google+Share on LinkedInPin on PinterestShare on StumbleUponShare on RedditTweet about this on Twitter

Traveling Gold Buying Operation Generates Complaints Across The Country

“The tight economy is forcing a lot of people to sell their family heirlooms, especially their gold. But one of the largest operations, setting up shop at hotels across the country, is being accused of fraud.”

Read More Here: Traveling Gold Buying Operation Generates Complaints Across The Country

China Overtakes India as Top Gold Consumer

Digg thisShare on FacebookShare on Google+Share on LinkedInPin on PinterestShare on StumbleUponShare on RedditTweet about this on Twitter

China Overtakes India as Top Gold Consumer

“LONDON—China took over from India as the world’s top consumer of gold in the first quarter of this year, cementing expectations that China will be the dominant buying force in the gold market in 2012, the World Gold Council said Thursday.
Indian gold demand dropped 19% on the year in the first three months of 2012, to 207.6 metric tons. The domestic gold sector was rattled by strikes following the announcement of new taxes on the gold trade and weakness in the Indian rupee made dollar-denominated gold more expensive for Indian buyers.In contrast Chinese gold demand rose 7% in the same period, to 255.2 tons, according to the WGC.Between them, China and India accounted for 54% of global gold demand in the first quarter.”

Read More Here : China Overtakes India as Top Gold Consumer

Rare gold coin may fetch up to $4 million at Georgia auction

Digg thisShare on FacebookShare on Google+Share on LinkedInPin on PinterestShare on StumbleUponShare on RedditTweet about this on Twitter

Rare gold coin may fetch up to $4 million at Georgia auction
Published May 16, 2012

“An auction gallery in Georgia is selling what’s believed to be one of the rarest coins ever made in the United States — a $3 gold coin estimated to be worth up to $4 million.”

Read More Here: Rare gold coin may fetch up to $4 million at Georgia auction

Turk – Expect Tremendous Chaos, Europe Deteriorating Rapidly

Digg thisShare on FacebookShare on Google+Share on LinkedInPin on PinterestShare on StumbleUponShare on RedditTweet about this on Twitter

Turk – Expect Tremendous Chaos, Europe Deteriorating Rapidly

“When asked about the decline in gold and silver, Turk responded, “It depends on how you look at it, Eric. The decline looks worse in dollars than euros because the euro itself has been declining against the dollar. But here is another way of looking at it.

When crude oil was $107 a barrel a few weeks ago, with gold at $1650, a barrel of crude oil cost 2 grams of gold. Now with crude oil at $94 and gold at $1550, a barrel of oil only costs 1.9 gold grams. So, by owning gold, your purchasing power over the last few weeks increased by 5% versus oil.

Admittedly, one would have done better if they were holding dollars, but who wants all that risk? You have to find a safe bank to place those dollars, and then be guaranteed that the Fed is not going to launch QE3. You would also need to be guaranteed that the federal government is going to drastically shrink its deficits. ”

Read More Here: Turk – Expect Tremendous Chaos, Europe Deteriorating Rapidly

A Note From The Owner

Digg thisShare on FacebookShare on Google+Share on LinkedInPin on PinterestShare on StumbleUponShare on RedditTweet about this on Twitter

Silver has popped below $30.00 per oz

Gold has dropped below $1600.00

In our opinion is an excellent opportunity to buy in at cheaper levels before the market explodes again.

You can watch prices here: thebulliondesk.com

If you have been waiting for lower prices, here they are. If you have not bought at all, here is a good opportunity.

No one knows for sure however my 30+ years of doing this tells me that below $1600 gold and $30 Silver levels they are a good buy and you could do very well down the road.

Need help on figuring what and where, email or call us.