Gold coins and Bars, Peter Schiff 5000 Gold, Jim Rogers 2000 Gold, Max Keiser China Gold Bullion www.GoldFreak.com

This video was recorded on Sunday May 18, 2008. This is a video of me talking about and displaying United States gold coins. In the video you will see high grade specimens of gold coins from the $1 Gold Dollar to the $20 Double Eagle. The camera was not very steady in the video and I am sorry about that. It is still a very good video on US gold type coinage and I hope you enjoy it. These coins are normally housed in a Dansco album. I took them out this one time to show you all.

I made this from footage of a news story, out of Mobile, Alabama. People reported seeing a “leprechaun” hiding in a tree. Credit to “zoomzip” for the music.

How to buy gold coins

Why You Should Not “Invest” in Gold
Don’t get me wrong - I am certainly not against buying gold but as an asset class it is worthwhile seeing how it behaves differently to other investments such as stocks, bonds or real estate. When you buy a stock in IBM you receive a yearly dividend (hopefully) and (hopefully) the value of the stock goes up over time, the same when you buy real estate as an investment. With Gold it is a little bit different. The reason why gold is seen as a safe haven is that it is a store of value, it never loses its purchasing power. There is an oft quoted adage that an ounce of gold in Roman times would have bought an army officer a fine suit of clothes, that in Shakespeare’s times an ounce of gold would have bought a good quality set of clothes and today with gold at just over $1000 this would buy you a good Armani Suit. BUT just as over time it does not lose purchasing power it does not increase purchasing power. The real long term nature of gold is as Insurance and not as an investment. As wars are fought, governments collapse, economies tumble people have rushed into gold because they know it is a place where they can preserve the wealth they have.

Yes you can point to gold’s meteoric rise over the last 8 or so years and say what a great “investment” it has been but if you see gold as insurance and mainly buy it as that then you will be able to withstand volatile swings in price that often occur in the gold market, you will be less worried about day to day actions in price and you will perhaps see that the price of gold did not go up just the value paper money in your wallet went down.

Gold Will Protect Me From Coming Super or Hyperinflation - Or Maybe Not
Many gold commentators talk about excessive money printing by central banks, how it will inevitably lead to sky high inflation even hyperinflation and how gold will protect you. Well yes and no. Gold is not such a immediate hedge against inflation that everybody thinks as much as it a hedge against political risk. When Gold skyrocketed to $850 in 1980 it was not a reaction to high prices so much as to the uncertainty surrounding the future of the dollar. In the following years inflation still persisted but the gold price plummeted. Gold is a hedge against inflation really in the long term because in the long term it retains its purchasing power but will it rise 10% just because inflation rose 10% - history is unclear on that.

There is A High Risk of a Worldwide Currency Collapse - So Gold is the Only Safe Haven????
It is February 2010 and Greece is on the brink of bankruptcy with Portugal, Italy, Ireland and Spain all waiting in line to follow suit, if these countries go down then they will take many others with them. Countries like Germany will also be drastically effected because they lent the money, kept part of the debt and then sold the rest on to Insurance companies and Pension Funds along with insurance called Credit Derivatives. States in the USA like California and Illinois are in worse shape than Greece. The whole worldwide financial system is massively intertwined through a complex system of derivatives, there was massive over borrowing and someone will have to pay the piper. There is therefore a certain inevitability about a full on currency crisis making gold ever more attractive because it is no one’s liability it cannot be printed ad infinitum. However much they try governments cannot corrupt it.

However inevitable a currency crisis or collapse may seem to you, for there to actually be one the majority of the market or at least the big players in that market have to agree with you. While the fundamentals are in place it can take a long time for the mass to catch on to those fundamentals. You may not be fooled by bailouts and government posturing but in the short term many people are. So for you to be proved right may take many years with lots of twists and turns.

What we face at the moment is a huge credit collapse never seen on such a magnitude before so who knows how it will play out. If you remember back to 2008 this particular crash caused the gold price to collapse and the dollar to strengthen -so in the short to medium term this could happen again. Once again if you see gold as insurance - the short to medium term does not matter so much.

Gold as Protection during a Financial Crisis
If gold is your only hedge against financial crisis then this could be playing with fire a little. Think that there are many scenarios where having gold will not help because no one has any use for it, no one wants to exchange their bag of wheat for your ounce of gold because well you cant really eat it. Gold is a great store of value but it is not the only one. Food, basic clothes, seeds, - essentials that people always need are also great stores of value with a much wider market so if you are motivated towards buying gold because you envision financial catastrophe then it may pay to have a good think about other stores of value. The great thing is about having a large store of food and essentials is that regardless what happens YOU will always need then. So it is never money down the drain!!!!

Bartering with Gold Could Prove Very Expensive
If you are investing in gold because you envision you may be bartering with it some day - well think on. I’m sure someone will swap a loaf for an ounce of gold but that will be a mighty expensive loaf!!!! Look at having precious metals in smaller denominations - junk silver coins - old US coins that have silver in them are a great alternative. They are easy to buy from any coin store and are very low denomination (a silver dime has less than$2 worth of silver in it )

Here are some links to articles that may be of use

How to Buy Junk Silver Coins

This article is meant for informational and educational purposes only it does not constitute advice of any kind - financial or otherwise.

The first gold coins in the United States were issued back in 1795. The Unites States Mint set the value of the U.S. Dollar at 24 grains of gold. The value was based in accordance with the world price on the precious metal, which at that time was $19.39 per troy ounce.

The U.S. gold coins started to be issued in seven different mints around the country as the Western Frontier of the Unites States began its expansion. The mints were set from Philadelphia to San Francisco. The sizes of coins varied from one dollar gold piece to fifty dollar denomination. It is worth mentioning that at that time the U.S. mints issued coins that were worth their weight in gold.

In 1834 and 1837 U.S. Congress modified the gold specifications by setting the price of gold at a mark of $20.67 per ounce. When the Great Depression occurred in 1933, President Roosevelt made gold an illegal asset for the citizens of the United States. During this period, by Roosevelt’s order, all gold coins were returned to U.S. Treasury and the melted into gold bars. After that the value of the U.S. dollar coin was set to $35 per ounce. The global outcome was to decrease by 40 percent the buying power of the dollar

When millions of gold coins were melted into gold bars, they became very rare and thus highly sought by various collectors. According to money experts only about one percent of gold coins can be found today. Each gold coin that survived till nowadays is highly valued by collectors and investors.

Every gold coins minted in the United States before 1933, is valued on individual basis according to its date, rarity, appeal among various collectors and its grade.

What is Rare Coin Grading Worth?

Coins that fall under the category “rare” are graded on ANA (American Numismatic Association). The scale ranges from 1 to 70. Coins are certified authentic and then PCGS or NGC, two leaders in providing coin grading services. For example a gold coin graded 1 has a slightly visible date, very wear and its value is a little above its weight in gold or precious metals. Obviously the better the coin is preserved the more a collector or investorinvestor in willing to pay for it.

Double Eagles

1933_double_eagle_gold_coin_reverseVery often a collector starts his Gold Coin Collection of U.S. coins minted before 1933 with a $20 Double Eagle. Note that from 1849 to 1907 U.S. Mist issued the Liberty series. The Mint then changed the design of the Double Eagle into Saint-Gaudens. The latter were minted in the period between 1907 and 1933.

Starting a collection of Pre- 1933 U.S. gold coins is advantageous for several reasons:

“Pure Gold Content” - this means that each coin includes almost 1 troy ounce of gold.

“A Double Profit Opportunity” The gold market is continuously changing and $20 Double Eagle gold coins already have a history showing the continuously rising value, which goes 2 to 3 times higher in value if compared to the gold bullion alone.

The 1933 Saint-Gaudens Gold Double Eagle Coin

One of the most valuable, if not the most valuable, coin is considered to be the 1933 Saint-Gaudens Gold Double Eagle1933 Saint-Gaudens Gold Double Eagle. It actually was never officially issued. Still it appeared from 1907 until 1932. Although in 1933 there were 445,500 Double Eagle minted, none were released into circulation because of the changes made in currency laws during the Great Depression.

The result of the Great Depression was that president Franklin Roosevelt took America off the gold standard. The gold coins were drawn out of circulation and afterwards were not issued anymore. Besides, people had to return the ones they had

Later, in 1933, the Double Eagle coins were declared illegal. It was prohibited to own any of the gold coins, unless they had a collectible value.

The same year Gold Double Eagle coinsGold Double Eagle coins were ordered to be melted by the U.S. Mint. By 1937 billions of gold bars were made out of these unique coins.

A few coins have escaped from being melted down. In1933 two of them were given by the Mint to the U.S. National Numismatic Collection at the Smithsonian Institute. These two Gold Double Eagle coins were known as the only legal specimens to ever become part of a coin collection. Still by 1952, eight additional coins were discovered. These were confiscated by the Secret Service.

Today 19 of the some of most valuable 1933 Gold Double Eagle coins are owned by a Philadelphian jeweler, Israel Switt.

digg.com The value of the dollar is dropping like a rock and this video is to show how this is affecting the prices of everything from gas to milk. This is the first of several videos to show what is really happening to the ecomy of the United States and why this country is in a lot of trouble financially. ————————————Copyright information: None of my videos are copyrighted, provided that you do not edit the video in any way and do not place any form of advertisement on the video. The video cannot be altered in any way from its published form. If someone wants to re-upload my video on their channel they must put a link to my channel and the original video so people can find the original source for the content. I do reserve the right to refuse the re-uploading my videos for commercial purposes. If you have any questions please contact me before downloading my video. Thank you. The Real Weekly News

My gold coin collection

United Gold Direct

2945 Townsgate Road, Suite 200, CA 91361
www.unitedgolddirect.com ***888.502.3222***

GOING FOR GOLD IN 2010

The struggling U.S. Dollar, inflation fears, strong demand for
commodities in general, and interest in “safe haven”
investments have propelled gold and other precious metals
to prices not seen in decades. Where gold will go from here
remains unclear, but one thing is for certain: it remains the
ultimate hedge and world‟s reserve currency.

During the last major gold bull market – precipitated by the
Iran hostage crisis in the late 1970‟s – serious geopolitical
tensions and the prospect of runaway global inflation played
major roles in gold‟s rise from $300 per ounce to $850 per
ounce. As current prices flirt with the $1,000 plateau,
some analysts are beginning to believe that the all-time inflation adjusted peak of $2,450 may not be out of the question.

Why Gold? Why now?

Buying and Selling Gold
Buying precious metals is very simple, but if done
incorrectly, the results can be financially devastating. It is
extremely important to buy precious metals from trusted
and reputable sources in safe and secure transactions.
At all times and in all circumstances gold and silver remains
money. Therefore, both gold and silver belongs in your
portfolio at all times and in all circumstances. We recommend a holdings between 10-20% of your assets to diversify in metals.

“You can transform your life and business in just seven minutes a day.” If that statement makes you want to read on, consider yourself hooked.
There are plenty of theories for the recent surge in gold prices, but
as in many past rallies, a handful of common factors seem to be in
play, including:

Dollar Woes: With the U.S. Dollar in the midst of a months-long
swoon against the major global currencies, many investors are
turning to gold as a commodity that tends to move inversely
with the beleaguered greenback.

Inflation Hedge: High food and energy prices are creating
concerns about the potential for soaring inflation. Gold is widely
viewed as a sensible hedge against inflation – a store of value
even as the purchasing power of traditional currencies erodes.

Geopolitical Concerns: Gold has long been considered a “safe
haven” investment during times turbulent and uncertain times,
and with the constant threat of terrorism, rogue nations, and
energy shocks, many investors have been turning to precious
metals.

Diversification: Many investors on the look-out for new ways to
spread their money around a number of economic sectors
flocked to gold of late. The draw is due not to only gold‟s
inherent attractiveness as a commodity component, but because
it touches so many disparate areas of the economy – from
interest rates and the equities markets to investor sentiment
and foreign exchange.

Factors Driving the Price of Gold Higher:
Inflation adjusted peak of $2,450 an ounce may soon be a reality.
On May 20, 1999, Alan Greenspan testified before Congress,
“Gold is always accepted and is the ultimate means of
payment and is perceived to be an element of stability in the
currency and in the ultimate value of the currency and that
historically has always been the reason why governments hold
gold.”

Typically, gold is considered relatively inexpensive when 3 or
fewer ounces need to match the level of the Dow Jones
Industrial Average (DJIA). Today, by this standard, the price of
gold appears to be relatively low with roughly four times this
number of ounces of the yellow metal needed to match the
DJIA. Just to provide some historical context, in 1929, just
before the Wall Street Crash, it took 18 ounces of gold to buy
the DJIA, but within three years, it took just two ounces of gold
to buy the „Dow‟. In 1966, the ratio surged to 28 ounces, but
by 1980, one ounce of gold bought the DJIA. Finally, in July of
1999, at the height of the dotcom stock market frenzy, it took
44 ounces of gold to buy the DJIA.

Gold vs. the Dow & vs. Crude Oil:
Ounces of gold to buy DJIA
Additionally, gold also has traded historically at prices between
15 and 20 times the price of a barrel of crude oil. Some analysts
feel that the current gold-to-crude ratio which is far below its
long-term average – signals that gold appears to be relatively
undervalued relative to crude and could be poised to move
higher.

Ask yourself:
Do you expect your retirement portfolio to
grow if everything around us is getting
worse?

If the economy were to collapse, would
you prefer to have an account full of paper
or an account full of gold?

If you are one of the many who lost
between 20% to 50% of their wealth to the
recession, how do you expect to recover
what you lost? Or get back to even?

Here is the Answer:
Precious Metals - Physical Gold and Silver Coins/Bars
Precious metals have had an average annual
return of 32% since 2001 and Will likely continue its upward trend as the printing press doesn’t seem to be stopping anytime soon.
For more information, please visit us as www.unitedgolddirect.com or contact us at
888.502.3222

United Gold Direct | Going for Gold

By Adam Blaser

In this episode of spare change we talk about the things you need to know about coin collecting (Silver and gold coins too). We go over what type of American coins are out there to collect, what coin is worth what and how to avoid the scams when collecting In this series we will also talk about other coins around the world.