Question by toad: can a person buy gold bullion coins directly from US Treasury or do they have to buy through a dealer?

Best answer:

Answer by I. B. Zoxx
Yes, you can buy directly from the US Mint, but selection is somewhat limited and prices aren’t especially competitive. I have linked the US Mint coin sales catalog for you, below:

Add your own answer in the comments!

Question by Steve: Being paid in gold bullion?
What is your opinion of being paid in circulated gold bullion coins? For example, I demand that I get paid in regularly circulated 1 oz $ 50 gold bullion coins. Should I get taxed on $ 50, the face value of the coin, or $ 960, the price of gold? Just curious.

http://www.muckrakerreport.com/id31.html

How would this article influence your answer?

Best answer:

Answer by nickelrustler
it would be on the price of Gold. Gold is not the current currency of the US (it should be though!)…so that’s why.

Know better? Leave your own answer in the comments!

Why Buy Gold When it’s So High?

Houston, TX (PRWEB) October 13, 2009

Jason Whitney, CEO and President of First Fidelity Reserve, a leading coin and precious-metals dealer in Beaumont, Texas, answers questions about the high price of gold. “Why buy gold when it’s so high? This is typically the first question an investor asks when considering purchasing gold,” states Whitney. That question he has heard more times then he can remember. “There are numerous factors to consider,” he says. “The first factor is the actual price of gold in today’s dollars, as compared to its price in years past.”

Whitney explains, “While the projected price of $ 1,500 an ounce in the not-too-distant future seems quite high, compare it to 1980, when the price of gold peaked at $ 850. That $ 850 would actually be closer to $ 2,500 in today’s dollars! And the When you consider that U.S. coinage was tied to gold prior to 1933, and the price of gold was stable at $ 20.67 per ounce, the historical growth has been phenomenal, and there’s every reason to believe in its potential for a continued increase in value.”

Another factor is that no matter how high the price seems now, it is almost certain to go even higher, due to the previously-noted substantial increase in demand for gold. Whether instigated by the falling value of the dollar, by the surge in private gold ownership domestically and abroad, or in response to a concerted multi-national effort to “de-dollarize” the world economy, it’s a safe bet that increased demand will force the price of gold up even more than it already has.

“It is an inarguable fact,” says Mr. Whitney, “that while additional dollars can be printed indefinitely, in spite of the devaluing effect of such actions, the world’s supply of gold is finite, and it’s conceivable that it may one day simply run out. Even if the end of supply is a couple hundred years in the future, it is human nature to gather and hoard anything of even minimal value. This emotional factor plays no small part in the fluctuation of the dollar’s value, as well as in the selling price of an ounce of gold. The more uneasy the world gets about the dollar’s stability, or the closer some perceive that we are getting to the end of the gold supply, the higher the price of this precious metal will go.”

One of the inevitable domino effects will be an upsurge in advertisements by dealers in bullion and gold coins. And while it is relatively easy to establish the value of an ounce of gold itself, the task of determining the value of a gold coin, over and above its worth as precious metal, is much more of a challenge, requiring extensive knowledge above that required for trading in commonly valued commodities such as precious metals. “The $ 1,000-an-ounce gold price that people gasp at today could well constitute an unimaginable bargain next year, or even next month,” says Mr. Whitney. “At the same time, the ‘incredible bargain’ they think we got on a supposedly rare numismatic could end up being worth no more than – or even less than – its purchase price. While we cannot determine for certain the future value of anything, it only makes sense to know as much as possible about your investments, even if that means knowing whom to trust to help you make your decisions.”

It is on the latter subject that Jason Whitney becomes most animated in his responses. He says, “I am continually amazed at how readily some people will throw their money at things that have little or no real collector value, simply because they saw it discussed in a glossy magazine ad or on an infomercial. First Fidelity Reserve strives to educate our clients, because we know that the more an investor knows going in, the happier they will be with their investments down the road. And since it’s infinitely more pleasant dealing with a happy client than a disappointed one… well, it just pays for us to do whatever it takes to make sure our clients stay happy!”

Whether the dollar is under attack, or just being re-evaluated in comparison to outside factors; whether gold will be the new oil, or merely a stable measure of wealth, what it all really comes down to is this: where will the wise investor place his or her bets? In a rapidly changing global economy, it would seem that few things are more precious than gold.

For more information about First Fidelity Reserve visit their web site at http://www.firstfidelityreserve.com, or call them at 1-800-336-1630.

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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Boost Silver Launches New Silver Accumulation Program Helping Families Achieve Financial Security in These Uncertain Times

American Silver Eagle

Stamford, CT (PRWEB) October 24, 2009

While the value of the US dollar continues its downward spiral and our national debt reaches into the trillions Americans look for a way to safely store and protect their wealth. Many factors have contributed to this crisis; financial markets are at risk from ongoing terrorism, political instability in the Middle East and an ongoing and expensive war in Afghanistan are some of the major factors.

The asset classes millions have relied on for centuries in times of trouble are the precious metals silver and gold. While gold has surpassed $ 1,000 dollars an ounce, Silver may remain as one of the last grossly undervalued commodities available today. Silver has always been a valued form of “wealth insurance” in good times and bad. You can hold silver in your hand, feel its weight, and see its luster.

Silver is held and traded throughout the world, and its true value (that is, silvers purchasing power) is not solely or directly dependent on the falling fortunes of the U.S. Dollar. Silver can be traded for a given amount of currency in any country, and silver can be traded for other commodities in times of turmoil, like food or fuel.

Boost Silver also encourages the accumulation of the American Silver Eagle because of it value as an industrial metal. Silver, more than other precious metals, has significant demand rooted in sectors as diverse as imaging, electronics, jewelry, coinage, superconductivity and water purification. Silver is no longer just a precious metal, a store of value, a work of art or an industrial metal. It is all four.

Making the case for silver even stronger is the fact that silver shortages are a certainty. Worldwide market demand for silver is growing, while supplies of silver are quickly disappearing. Demand for silver has exceeded production every year since 1990, depleting above-ground stockpiles.

While gold may have already reached its peak we believe silver prices have yet to fully realize the impacts of this economy, and the impending silver shortages that may be just around the corner. It is not too late to begin accumulating silver both in anticipation of its rise, and as a safe haven against the falling dollar.

About Boost Silver

The Boost Silver Accumulation Program is the easiest, most affordable way to accumulate real wealth in silver. Members join for as many ounces of silver they would like to receive each month. Additionally members have the opportunity to earn free bonus silver coins by referring new members to the program. For each member referred a ½ ounce bonus is paid to the referring member. Learn more at http://www.boostsilver.com

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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

US$ 1,500/oz Gold Forecast, Seasonal Influences, Analytical Review of Top Senior Gold Producers and Mining Valuation Insight with Case Study Acero-Martin

New York, NY (PRWEB) November 16, 2009

Madison Avenue Research Group has published a report that includes US$ 1,500/oz gold price forecast, an analytical review of the ‘Top 10′ senior gold producers, valuation insight on junior/mid-tier miners, and valuation case study on Acero-Martin Exploration Inc. (TSX-V: AMG) (US Listing: ACERF.PK).

An abridged version of the report may be viewed free of charge at http://madisonaveresearch.com/topgold2010.htm online.

Report Categories and Excerpts:

1) Gold Forecast

Our sentiments echo John Licata, Chief Investment Strategist at the energy and metals independent research and advisory service Blue Phoenix. Last year Licata wrote a note to his clients telling them gold was going to hit $ 1200 this year – a bold prediction at the time yet stunningly accurate in retrospect. On BNN this last week Licata said he is still in the process of formulating targets for 2010 but did say he “could see gold going North of $ 1,500 next year”…

Licata cited the recent move in gold on a myriad of factors including :

Statements that came out of the G20 last weekend supporting continued stimulus; Licata said “If we keep getting more stimulus, that conversation could go from ‘deflation’ to ‘hyper inflation’ maybe towards the end of 2010 even 2011.”
Lack of support for US dollar; there is an “absence of US Treasury Secretary backing support for the US dollar” … “the administration has been so laissez faire”.
Increased unemployment, now at 10.3% in the USA ; “the unemployment picture is a barometer”, albeit a lagging indicator.
Last week when the Federal Reserve came out with their interest rate decision and is clear they are not going to raise rates any time soon, they see these low rates prolonging even longer than what they had anticipated. Licata said “it does not make sense to put your money in a stale investment” i.e. 30 year bonds and 10 year notes, intimating gold is dynamic and the smart play.
Late last week India bought 200 tonnes of gold from the IMF and that was seen by the bullion markets as very supportive.

2) Seasonal Influences on Precious Metals – Phase II; We are now in Phase II of seasonal strength, a period of seasonal strength that runs from the first week of November to the first week in February (a trade that has been profitable in 8 of the last 10 periods) for an average gain per period of 13.9%…

3) Review of Top Senior Gold Producers; Listed in ascending order of annual gold production.

4) Junior/Mid-Tier Mining Insight; Chart of index in situ valuation relative to gold price.

5) Case Study: Acero-Martin Exploration Inc. (TSX-V: AMG) (US Listing: ACERF.PK) – Presents exceptional valuation

666,000 ounces of gold and 385 million pounds of copper resource
Near term open pit mine potential
Multi-billion bulk tonnage potential
Current in-situ gold equivalent resource valuation under $ 4/oz
Only ~28M shares outstanding and trading under CDN$ 0.30

Acero-Martin Exploration Inc. is a Canadian-based mineral exploration mining company listed on the TSX Venture Exchange (ticker symbol AMG) (US Listing: ACERF.PK).

Acero-Martin possesses a NI 43-101 compliant resource estimate report completed in 2006 which yielded an Indicated Resource of 29.13 million tonnes grading 0.53 g/t gold and 0.42% copper and an Inferred Resource of 12.72 million tonnes grading 0.41 g/t gold and 0.41% copper at Pinaya. This equates to approximately 498,000 ounces of gold and 269,000,000 pounds of copper in the Indicated category, and 168,000 ounces of gold and 115,000,000 pounds of copper in the Inferred category.

NOTE: The property possesses multi-billion bulk tonnage potential and not surprisingly Acero-Martin has fielded significant interest from entities probing the possibility of purchase and/or taking on the risk of development in the last couple months. AMG.V has yet to make a decision, however we note that ~200,000 ounces gold of the 666,000 ounce gold resource is readily available for the taking from the pit area — the current valuation of AMG.V relative to the inherent value of assets appear disproportionate and is poised for substantial upside revaluation. Acero-Martin only recently (since ~mid October 2009) began trading under the symbol AMG.V as a revised mining entity with a nominal 27,347,128 shares outstanding. It is important to note the exceptional risk-reward scenario that exists withing shares of AMG.V; the 666,000 ounces of gold and 385 million pounds of copper resource was defined in 2006 and since then 93 additional holes have been drilled totaling 163 holes (representing well over 40,000m of drilling) — thus the resource estimate if done now would likely be significantly larger. Also since then gold has doubled in price significantly enhancing the value of the deposit.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URL.

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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

First Fidelity Reserve Announces its ‘Cell Phones for Soldiers’ Program

Houston, TX (Vocus) November 25, 2009

Jason Whitney, CEO of First Fidelity Reserve announces their continuing support for the “Cell Phone for Soldiers Program.” Giving our soldiers in Iraq, Afghanistan, Korea and other distant lands the ability to call their family during the Holiday Seasons makes this program very important. The program was the brainstorm of Jason Whitney, president of First Fidelity Reserve who was drawn to supporting the original initiative and efforts of two teenagers, Brittany and Robbie Bergquist from Norwell, MA, who started the ‘Cell Phone for Soldiers.’ They were inspired after reading a story about a soldier running up a huge family’s phone bill with calls he placed while stationed in Iraq. Soon after reading the story Brittany and Robbie Bergquist started ‘Cell Phone for Soldiers’ with one clear goal—’to help connect our soldiers with their families while serving our country’.

“We at First Fidelity Reserve are all about family. We recognize the importance of keeping family close and in touch with each other especially during the holidays.” Whitney says. Cell Phone for Soldiers does just this by collecting used cell phones to be recycled in return for Pre-Paid Calling Cards that are provided to our troops. Each recycled phone provides two phone cards. Everyday thousands of phone cards are distributed to soldiers overseas helping to connect them with their families. First Fidelity Reserve is a company familiar with the problems military personnel endure with staying connected to family because they have war veterans on their staff.

“We are very excited to be involved in helping to keep our soldiers connected to their loved ones,” Whitney continues. “We are asking all visitors to our web site to join us in supporting our troops.” Simply click on the Cell Phones for Soldiers link to the pre-paid mailing label and send in your retired cell phones to provide calling cards to our troops. “We value our soldiers and salute the efforts and sacrifice they are making everyday to keep us, and our country safe. We keep them in our prayers and thoughts,” says Jason Whitney.

First Fidelity Reserve is a leading provider of Bullion and Rare Coins to tens of thousands of collectors and numismatic professionals. For over 20 years, First Fidelity Reserve has been committed to serving the unique needs of our global customers. First Fidelity Reserve specializes and serves as the Market Maker in certified United States coins, such as Type II and Type III Liberty Double Eagles and the renowned Indian Head and $ 3 Princess designs of early 1900′s as well as key date numismatic treasure in the gold, platinum and silver American Eagle family of coins. http://www.firstfidelityreserve.com

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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

“Gold is the International Currency” — And it Just Keeps Climbing

Beaumont, TX (Vocus) December 2, 2009 -–

It comes as no surprise to Jason Whitney, president and CEO of First Fidelity Reserve in Texas, that gold has jumped to a record $ 1,200.00-plus an ounce in New York. At the same time, according to the December 1, 2009 edition of Bloomberg.com, investor demand for the precious metal has shot up in response to declines in the dollar and higher commodity prices. That too is consistent with Mr. Whitney’s predictions.

As a rare-coin and precious-metals expert, Mr. Whitney has long been preaching the gospel of gold as a hedge against the declining dollar and the unsettled world economic climate. This is not merely a marketing strategy; it’s also a realistic analysis of what is going on in the world today. “Gold will continue to rise as the dollar falls,” Mr. Whitney says. “Not long ago, especially after gold fell to $ 850.00 an ounce in January, some folks scoffed at the prediction that the metal would go past $ 1,000.00. Now it’s past $ 1,200.00, and it’s just going to keep on climbing.”

A glance at gold’s performance over past year confirms what he is saying. While the U.S. Dollar Index fell after China’s manufacturing grew at the most rapid pace in five years, gold was on a steady upswing, rising for the eleventh time in twelve sessions. U.S. filings show that Morgan Stanley and BlackRock Advisors LLC increased their own gold assets in the third quarter.

Jason Whitney’s perspective is further validated by economic experts who perceive the true power of gold in today’s market. Frank Lesh, a trader at FuturePath Trading LLC in Chicago, says that the dollar has pushed gold to new highs. “Gold is in an uptrend,’ says Mr. Lesh, “and there’s no sign whatsoever that the trend will stop at this point.”

The numbers don’t lie. Bloomberg.com reports that gold futures for February delivery rose $ 12.10, or 1 percent, to $ 1,194.40 an ounce at 10:47 AM December 1 on the New York Mercantile Exchange’s Comex division, after earlier touching a record $ 1,200.50. Moreover, gold for immediate delivery climbed to a record high of $ 1,199.43 an ounce. If that’s not enough to lure the potential investor, gold futures have advanced 35 percent this year, more than the MSCI World Index of shares and U.S. Treasuries. All indicators point to gold heading for its biggest annual gain since 1979.

Gold has had a stunning impact on other nation’s currencies as well, reaching all-time highs against major currencies such as the Euro, Swiss franc, and the pound. Mario Innecco, a broker at MF Global Ltd. in London, says, “People want to get rid of paper and buy a currency that can’t be deflated. That’s gold.” Indeed, gold traded in Euros, pounds and Swiss francs rose to all-time highs on Nov. 27. As FuturePath’s Lesh puts it, “Gold is the international currency.”

Gold is also considered a hedge against inflation, which is a very real fear due to low interest rates and a climbing deficit. Michael Pento, chief economist at Delta Global Advisors (and one of those who predicted back in January of 2009 that gold would reach $ 1,200 by year’s end), said, “It’s hard to make a bearish case for gold right now.” As it happens, Jason Whitney has been saying the same thing for a long time.

When you consider that demand for bullion has increased among governments (e.g., India, Mauritius, China, Russia), and that concern over Iran’s nuclear program may also be boosting the appeal of gold, seems clear that there has never been a better time to consider adding the yellow metal to your own portfolio.

For more information, see First Fidelity Reserve s web site at http://firstfidelityreserve.com, or call 1-800-336-1630.

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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Oregon Ore LLC Selling Gold Bullion at the Discounted Price of $ 847 Per Ounce

La Jolla, CA (PRWEB) December 8, 2009

While the world price of gold is setting new records approaching $ 1,200 per ounce, Oregon Ore LLC is offering new gold bars at $ 847 per ounce.

The reason for the discounted price is that the company makes a future delivery of gold bars. The delivery date can vary, but in no event is than 12 months. The advance payments avoid financing costs. The company passes on the savings in costs by reducing the purchase price from prevailing prices. The discount price is being offered until the end of this year.

Buyers receive bearer gold certificates. Each certificate is serially numbered, states the number of ounces purchased, and the date on or after which the gold bars will be delivered. The holder of the certificate at the time of delivery is entitled to the stated amount of gold. A transfer of the certificate, including any gift, can be effected by delivery of the certificate without prior approval by the company.

The gold ore will be refined into gold bars by an independent refinery. Each bar will bear the marking of 999.9 meaning pure gold. In addition, each bar will have an internationally recognized hallmark. The size of gold bars will be one or more ounces depending on the order.

Gold certificates, and later gold bars, will be sent by insured, U. S. Registered Mail. There will be no sales taxes or shipping costs.

The gold will be mined in a Northern California mine which has been owned and operated by the same family for over 100 years. The mine is being reopened to recover more known gold using modern technology in view of the increase in the price of gold. Oregon Ore has contracted with the mining company to produce gold bars.

The Managing Members of Oregon Ore are Maurice Bleistein and Leon Campbell. Mr. Bleistein has extended experience in gold transactions. Mr. Campbell is an attorney who has been in private practice for over 50 years. His website is http://www.lawyers.com/leoncampbell.

The company’s video website is http://www.discountgoldprices.com which can be viewed on this website. Its toll free telephone number is (877) 525-8277.

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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

1st National Reserve Donates Five Hundred Dollars to Support the Hamshire-Fannett Longhorns Youth Football League

Beaumont, TX (PRWEB) December 9, 2009

1st National Reserve donated five hundred dollars to support the Hamshire-Fannett Longhorns Youth Football in their phenomenal 2009 season. The eleven and twelve year old division went undefeated and won their respective Super Bowl in Silsbee, Texas. Keith Myers was instrumental in attracting this sizable donation for the league.

“The youth of today will become tomorrow’s leaders,” said Ryan Verde, spokesperson for 1st National Reserve. “We recognize the importance of these organizations to help students realize their full potential. We are especially proud of this years students because they have demonstrated their hard work and leadership on the athletic field, in the classroom and in the community.”

“We are proud to partner with HFYFL and provide this small token to help the HFYFL Program. It’s important for young people to be rewarded and recognized for their excellence not only on the field, but also off the field,” Sheila Bailleaux of 1st National Reserve stated.

About the Hamshire Fannet Youth Football League

The Hamshire Fannet Youth Football League was established in 2004 as an integral part of the Hamshire Fannet’ vision to provide a community-connected sports team for the youth of Hamshire and Fannett, Tx. The League is committed to improving the lives of the next generation of Texans by utilizing strategic resources in order to make a measurable community impact among Hamshire Fannet’s youth and promote leadership, integrity and character.

About 1st National Reserve has been dedicated to providing clients nationwide with outstanding collecting strategies for the rare coin market. They have been offering in-depth numismatic analysis, and comprehensive coin consultation services for over 20 years. 1st National Reserve specializes in United States rare gold coinage along with silver, gold, and platinum bullion coins.

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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Question by ransom3838: How high do you think the spot price of gold bullion well be by 2008?

Best answer:

Answer by nielvdl
My friend, If that was known you would be a millionare by 2008, and so would everybody else. The price of gold depends on more than just a few factors, and one can never be sure of what is going to happen (if it’s a peaceful period,and depending on demand, it may be low, but if there is a threat of a war or any uncertainty in the market, it may be high)

One can guesstimate where it may be, but that is the beauty of financial markets and products, i will decide on an amount and there WILL be people that differ from my view. In essence the markets will not function if everybody agreed on what will happen to a share/market or commodity.

Add your own answer in the comments!