Bullion & Business Weekend Report – April 11
PNG Seeks 2009 Award Nominees
Queen Hands Out Rare Coins in Royal Maundy Service
Gold Ends Lower for Third Straight Week
Numismatic News Headlines – Apr 9
ANA Announces Candidates for 2009-11 Board of Governors
Lincoln, Braille & UHR Sales Figures – April 9
The latest US Mint sales figures has data shifting not only up, but down. Lincoln $1s and Birthplace penny roll totals were clipped lower. Braille Silver Dollars improved nicely, and the pace of Ultra High Relief (UHR) Gold coin slowed even more.
A magical correction has appeared for the Lincoln Silver Dollars. Whether it was customer returns, cancellations or Mint accounting tweaks, the proof and uncirculated sales figures are now aligned with the stars. Combined sales dropped by 15,614.
A perfect 325,000 sold is listed for the proof and an all-natural 125,000 for the uncirculated option. And with those numbers, 50,000 are left for the special 5-coin proof set the Mint will release later this year. Last week the numbers were twisted in what appeared to be an apparent oversell of coins, leaving less than 35,000 coins free for the special set.
Gold Rises with Nearly Everything Else
DGS Unveils New, Super Easy On-Line Submission Form
Gold: False, Misleading Statements Abound, According to Expert
A veteran precious metals expert, Barry Stuppler of Woodland Hills, California, President of the American Numismatic Association, cautions there are many false and misleading statements repeatedly made about gold as part of a diversified portfolio. He believes we'll see hyperinflation and gold at $2,011 an ounce by the end of 2011.
Woodland Hills, CA -- False and misleading statements about gold as part of a diversified portfolio are frequently repeated in the news media, according to Barry Stuppler, president of the non-profit, 32,000-member American Numismatic Association.
"Some of the hackneyed arguments against gold come from financial analysts who work for brokerage houses that have a vested interest in steering money toward equities they sell and away from physical gold ownership. Some news organizations are giving out the same incorrect or misleading comments," said Stuppler, who is also president of Barry Stuppler & Company, Inc. of Woodland Hills, California, a rare coin and precious metals dealership.
Here are frequently encountered arguments against investing in gold and Stuppler's responses based on his over 30 years of professional experience in the gold and silver markets.
