Have you heard of Roosevelt’s Emergency Banking Act on April 5^th 1933? This was the date on which the American president declared that it was illegal for US citizens to own gold and ordered them to return their coins, ingots and gold certificates to the federal reserve banks before May 1^st 1933 at a price of 20.67 USD per ounce. Immediately devaluing the dollar by 40 percent; and setting the price of gold at $35.00 per ounce. At a single stroke, Roosevelt increased the government’s gold assets, stabilized the monetary system and increased wholesale prices by more than 33 percent. However, he also inflicted losses of 40 percent on gold owners and stripped them of the gold that they saved to insure their financial futures. (…) CLICK TO READ MORE – GOLDCOIN.ORG

Why do we hoard gold? In defiance of the world of fiduciary payments. Because of fears about war, revolution, devaluation, taxation. To avoid paying inheritance taxes. To remain true to ancestral reflexes that ensure that gold as a refuge and gold as a reserve prolong the gold fetish.

Hoarding gold has both advantages and disadvantages. On the side of the advantages, one has to include its discretion, gold can not be identified. Unlike notes and cheques, which are numbered, coins have no serial numbers and whilst ingots are numbered, it is easy to remove the mark or simply melt the metal. Gold’s longevity must also be added to the positive side of the scales: neither the air, nor the earth damage it; as the Indians say: ants don’t eat it. It does not change over the centuries. Gold is a durable security (…)  CLICK TO READ MORE – GOLDCOIN.ORG



Let’s imagine it’s 2018. The western world has gone through years of deflation then the flame returns as massive inflation repeating what happened in Germany in 1923.

Jean was still selling luxury yachts on the Côte d’Azur in 2008. Following the financial crash and the economic crisis that followed it, he now rears a few chickens on a farm on the outskirts of a small town in the Auvergne. In this article, he talks to us about his most recent discovery in a world where every day brings its new rules. He explains to us the characteristics of a good currency. SEE GOLDANDMONEY.INFO

All too often, buyers of investment gold tend to forget the quality of the coins they are buying until they come to sell them when an unpleasant surprise greets them. In reality, when you sell gold coins they go back to being numismatic objects for a few seconds and are evaluated as such.
Saying “it’s a Liberty Double Eagle so I can sell it with a premium of 40% in the event of a crisis” can very quickly turn to ashes if you have not taken the trouble to prepare in advance, to confirm the quality that you are buying. SEE GOLDandMONEY.info

The price of a Napoleon is the price of its gold content + the premium

In France, this premium was zero or even negative for the 20 FRF Napoleon until recently. In the middle of the crisis in October 2008, it reached at 30% (a peak of 65% was recorded but it is not significant, in our opinion) which is the highest it has been for almost 30 years. But what is this premium for gold coins?

Read the continuation on our blog GOLDANDMONEY