Tuesday, July 30, 2013

Coin Monday at Heritage Auctions: One Coin for One Stamp

October 19, 2009 by · Leave a Comment 

Heritage Auction Galleries Oct. 19, 2009 Written by John Dale I don’t buy too many stamps anymore. Most of my bill-paying happens online, and e-mail has largely replaced physical letters (emphasis on largely — greeting cards and thank-you notes are the main exceptions). That said, I do need to buy at least one stamp a [...]

Expert: Gold being traded as a currency due to recession

October 19, 2009 by · Leave a Comment 

Gold is currently being traded as a currency as a result of the realisation that economic recovery will not be v-shaped, it has been suggested. Speaking to Australian paper the Sunday Times, Ashley Kelly of Bell Potter Securities said that the world’s investors have seen that it is unlikely the US will immediately bounce back [...]

Brazil’s Vale to invest $12bn in 2010 – report

October 19, 2009 by · Leave a Comment 

Brazilian mining giant Vale will boost investment by more than 30% to around $12-billion next year, O Estado de S. Paulo newspaper said on Saturday, citing a source with links to the company. The company has faced harsh criticism in recent months from government leaders for not investing enough in Brazil, fueling speculation President Luiz [...]

De Beers says demand for diamonds stabilising

October 19, 2009 by · Leave a Comment 

Demand for diamonds has started to stabilise, Sheila Khama, chief executive of De Beers in Botswana, told the Financial Times newspaper, adding that the company’s flagship mines were operating at 80% of capacity. "Consumption has not improved to anywhere near the levels that we are accustomed to … but the abrupt rate at which it [...]

Boomers Have Their Backs Against the Wall

October 15, 2009 by · Leave a Comment 

The Daily Reckoning Two important items in the news today: First, Bloomberg reports that retails sales fell 2.1% in September – the biggest decrease this year. Know what that means? It means the “Age of Thrift” is here…and that consumers really are cutting back – just like we said they would. And it means that [...]

Pan American agrees to buy Aquiline Resources

October 14, 2009 by · Leave a Comment 

Vancouver-based Pan American Silver plans to buy TSX-listed Aquiline Resources in a friendly, paper-based transaction valued at around C$626-million, the firms announced on Wednesday. Pan American has eight operating mines, in Mexico, Peru, Argentina and Bolivia, while Aquiline’s main asset is the large silver/lead Navidad project, in Argentina. Read more….

Ponterio & Associates Offers 1,250 Lots of World Banknotes in Baltimore

October 13, 2009 by · Leave a Comment 

IRVINE, Calif. — Ponterio & Associates, a division of Bowers and Merena Auctions, will bring 1,250 lots of world paper money to Baltimore, Md., as part Bowers and Merena’s Official Auction of the Whitman Coin and Collectibles Baltimore Expo scheduled for November 10-14, 2009. The auction will take place at the Baltimore Convention Center and [...]

2009 Lincoln Coin and Chronicles Pre-Sale Activity

October 11, 2009 by · Leave a Comment 

All indicators are that Thursday, October 15th, should be a very, very busy day on the US Mint’s website as well as their telephone order line. At noon (Eastern Time) on that day, the Mint will be releasing the 2009 Lincoln Coin and Chronicles Set for sale to the public. A few enterprising individuals are [...]

What People are saying about Gold. Is it the right time to buy?

October 9, 2009 by · Leave a Comment 

Gold Hits Record High: Time to Sell or Time to Buy? posted by Jeff Brown, Personal Finance Blogger I’m standing at my office bookshelf rummaging in a small box of junk… I mean, treasures. There’s a transistor radio I carried on my paper route at 14, a broken watch, some old photos… Ah, here’s what [...]

Silver: Commercial Short Positions Continue to Rise

October 9, 2009 by · Leave a Comment 

The numbers are understandably ballpark, but the fact is that the Commercial Short Position on the COMEX has taken a 2.2 Billion dollar short position since July 31, 2009. Using the Closing silver value, multiplied by the ounces sold sort derives the figure. And what deep pockets the shorts have, since that 2.2 Billion short [...]

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