If you want to own gold coins, you’ll pay $870-$890 an ounce. Coins are scarce. People are looking for something solid to hold onto. Coins are solid. Read on…
December 16th, 2008 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "gold coins"
Top Five Bear Markets of All Time
The S&P 500 made its bear market low in October of 2002 at 776. That’s 13.3% below yesterday’s close of 896. And should it decline to that level, it would be exactly 50% below its all time intra-day high of 1,552 (set on October 31st of last year). By any historical standard, that’s a whopper of a bear market. So Grantham dipping a toe in now is an assumption that this bear market is roughly consistent with similar bear markets of the last 137 years. Take a look below and you’ll see what we mean.
October 23rd, 2008 | Dan Denning | 4 comments | Continued
A Funny Story About $20 Gold Coins
We came back from Vancouver with two $20 gold pieces in our pocket. Actually, the idea came from Jim Rogers, who gave us one…
August 4th, 2008 | Bill Bonner | 0 comments | Continued
75th Anniversary of the Seizure of U.S. Gold Stocks
On 321gold.com today, economist Antal Fekete reminds us that this is the 75th anniversary of the seizure of U.S. gold stocks by the presidential diktat of a certain Franklin Delano Roosevelt.
April 1st, 2008 | Bill Bonner | 0 comments | Continued