http://americanfederal.com Your Trusted Partner in Rare Coin and Bullion Tue, 24 Feb 2015 17:37:44 +0000 en-US hourly 1 A Response to our Seminar in Tampa Florida http://americanfederal.com/response-seminar-tampa-florida/ http://americanfederal.com/response-seminar-tampa-florida/#comments Tue, 24 Feb 2015 17:36:07 +0000 http://americanfederal.com/?p=5082 I (Jen) just have to say, it is always exciting traveling to different towns and meeting new people and even being able to put faces to the voices behind the phone. Florida was no exception. We met a lot of great people. I love, after the seminar is finished, when people come up and tell us that they really enjoyed learning from Carl, Don and Nick. I think it is great to hear how it is no pressure and that they appreciate that. These seminars that we – American Federal- host are just that – Informational and Non – Pressure. If you have read Nick’s books, emails or even heard him on the radio, you know he is all about informing his audience. Here is one of the responses we received from an attendee of our Florida Seminar: Nick, I would like to thank you for the most informative seminar by you, and your team. It’s always a pleasure to to learn what the experts have to say. I came away from the seminar knowing that I have chosen a competent, and honest team, and trust that this is the beginning of a long lasting relationship. As an investor, I feel that the move from Saints to platinum is a good move that will give me the opportunity to recoup some of my loses. Thanks for your frank approach to educate un knowledgable people as me. I also want to thank you for the food you provided, it shows your generosity. I look forward to doing business with you in the future. Best Regards, R. L. If you need advice on your coin portfolio, please give us a call at 800-221-7694 or email your portfolio to info@americanfederal.com and we would be happy to help you!

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I (Jen) just have to say, it is always exciting traveling to different towns and meeting new people and even being able to put faces to the voices behind the phone. Florida was no exception. We met a lot of great people. I love, after the seminar is finished, when people come up and tell us that they really enjoyed learning from Carl, Don and Nick. I think it is great to hear how it is no pressure and that they appreciate that.

These seminars that we – American Federal- host are just that – Informational and Non – Pressure. If you have read Nick’s books, emails or even heard him on the radio, you know he is all about informing his audience.

Here is one of the responses we received from an attendee of our Florida Seminar:

Nick,

I would like to thank you for the most informative seminar by you, and your team. It’s always a pleasure to to learn what the experts have to say.

I came away from the seminar knowing that I have chosen a competent, and honest team, and trust that this is the beginning of a long lasting relationship. As an investor, I feel that the move from Saints to platinum is a good move that will give me the opportunity to recoup some of my loses.

Thanks for your frank approach to educate un knowledgable people as me.

I also want to thank you for the food you provided, it shows your generosity.

I look forward to doing business with you in the future.

Best Regards,
R. L.

If you need advice on your coin portfolio, please give us a call at 800-221-7694 or email your portfolio to info@americanfederal.com and we would be happy to help you!

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The Wrong Coins for the Right Reasons http://americanfederal.com/wrong-coins-right-reasons/ http://americanfederal.com/wrong-coins-right-reasons/#comments Tue, 10 Feb 2015 20:10:38 +0000 http://americanfederal.com/?p=5011 There’s one thing I find incredible. Most people I talk to have bought for the right reasons. They want to protect their hard earned cash and hopefully make a little money too. Most investors lose money even when gold and silver go up. The reason is simple. They are sold the wrong coins. You see, many dealers care more about their bottom line than your investment. They sell overpriced numismatic coins – many of them are very common coins. OR, they sell you Modern coins that are high grade and/or low mintage BUT at such high prices that you never have a chance. The coin market is always changing. There is money to be made IF you own the right coins at the right price. In the 80’s high grade 19th and early 20th century coins were the best performing. Clients made as much as 300%, 400% or more in a short 4 year period. But if you owned rolls of Silver Dollars, MS60 $20 ST. Gaudens or other coins that were “Hot” in the 70’s you watched the hottest coin market in history pass you by. In the 2000’s, coins like $2.5 Indians went from $1500 to nearly $7000 a coin before crashing in 2007. Today, many of these coins are worth less than they were worth in 1999! Few people made money for 2 reasons – They paid twice what the coins were worth and they were never told to sell by their dealers. Now they are sitting on big losses in a market that is all but guaranteed to be stagnate. The rarest of the $2.5 Indians continue to sell for new low prices, many are available for HALF of the so-called listed value. NEW TREND Luckily the latest trend in coins is actually the lowest risk, assuming you don’t pay the outrageous retail prices being charge in mass mailed brochures or from over eager salesmen pretending to be coin dealers. If you are buying or own bullion coins you can easily take advantage of it with no additional risk than owning gold, silver or platinum. Let me give you a few examples Clients who bought $25 Gold Eagles (a bullion coin) over the past 20 years could be sitting on a literal hidden treasure. Many of my clients have been able to cash in already on the Modern Coin Trend. One lady purchased 30 1995 $25 Gold Eagles just 3 years ago. By the way she paid just a small premium over the value of the gold when she bought as is typical when you buy any bullion coin. At American Federal we constantly monitor the market for our clients and when we saw collectors getting into this market we alerted our clients. The lady with the 30 $25 Gold Eagles (1/2 ounce coins) was able to trade for 30 $50 Gold Eagles (1 ounce coin). She doubled the amount of gold she owned simply because American Federal found a buyer for her dated coins who was willing to buy them based on their rarity. If you were lucky enough to buy a roll of 1991 $25 Gold Eagles when you purchased your gold position, you would have coins worth more than $122,000! That’s $95,000 MORE than what the gold alone is worth. Another lucky buyer bought a variety of 2007 Proof Platinum $25 Eagles, (worth less than $1000 each when he purchased) that one was sold for $69,300 to a collector just this year. HERE’S THE BEST PART You can buy tomorrows collectibles or trade your non-performing coins at just a small premium over the actual value of the gold or platinum in the coin. YOU MAY ALREADY OWN THESE BULLION TURNED COLLECTIBLE COINS If you bought gold, silver or platinum coins over the past 26 years, there’s a good chance you already own coins that could be worth 50%, 100% or even 500% MORE than their bullion value. At American Federal we constantly update the list of coins that dealers and collectors are willing to pay big money for. You might have $5 Gold Eagles (1/10 ounce) worth as much as $2200 each. OR Maybe you have $10 or $25 Gold Eagles (1/4 or ½ ounce coins) that are worth $800 to as much as $7000 each. If you are really lucky you may own Platinum Eagles worth over $69,000! You see, when many of these coins were first sold they were nothing but bullion coins. Dealers didn’t even know they were rare or they would turn into collectibles. CALL TODAY FOR A LIST Call us today and we will be glad to send you a list of coins you may already own that could greatly increase the amount of gold, silver or platinum you own without pending a cent more OR just cash some in and take your profits. We will also give your portfolio CPR. That’s our exclusive Coin Performance Review. We evaluate your coins and tell you how they have performed in the past and if you have any of the “sleepers” today’s market needs. We tell you if there is anything you can do to increase your chances of profit and if you are in the “wrong’ coins we can help you there too. WE can trade you into coins with the lowest risk and highest probability of moving with precious metals as well as becoming valuable as collectible down the road. If you already are position in the right coins we’ll tell you that too. Then we will simply watch the market for you and keep you updated as the market changes. You have nothing to lose and could be sitting on coins that are already very valuable in today’s market. Call today for you free review or email, mail or fax a list of your coins. Look, American Federal isn’t like other dealers. We keep our clients informed and let them know when market changes affect their portfolios. Send your email address and we will add you to our Preferred Members list.

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]]>
There’s one thing I find incredible. Most people I talk to have bought for the right reasons. They want to protect their hard earned cash and hopefully make a little money too.
Most investors lose money even when gold and silver go up. The reason is simple. They are sold the wrong coins.
You see, many dealers care more about their bottom line than your investment. They sell overpriced numismatic coins – many of them are very common coins. OR, they sell you Modern coins that are high grade and/or low mintage BUT at such high prices that you never have a chance.
The coin market is always changing. There is money to be made IF you own the right coins at the right price.
In the 80’s high grade 19th and early 20th century coins were the best performing. Clients made as much as 300%, 400% or more in a short 4 year period. But if you owned rolls of Silver Dollars, MS60 $20 ST. Gaudens or other coins that were “Hot” in the 70’s you watched the hottest coin market in history pass you by.

In the 2000’s, coins like $2.5 Indians went from $1500 to nearly $7000 a coin before crashing in 2007. Today, many of these coins are worth less than they were worth in 1999!

Few people made money for 2 reasons – They paid twice what the coins were worth and they were never told to sell by their dealers. Now they are sitting on big losses in a market that is all but guaranteed to be stagnate. The rarest of the $2.5 Indians continue to sell for new low prices, many are available for HALF of the so-called listed value.

NEW TREND

Luckily the latest trend in coins is actually the lowest risk, assuming you don’t pay the outrageous retail prices being charge in mass mailed brochures or from over eager salesmen pretending to be coin dealers.
If you are buying or own bullion coins you can easily take advantage of it with no additional risk than owning gold, silver or platinum.
Let me give you a few examples

Clients who bought $25 Gold Eagles (a bullion coin) over the past 20 years could be sitting on a literal hidden treasure.
Many of my clients have been able to cash in already on the Modern Coin Trend. One lady purchased 30 1995 $25 Gold Eagles just 3 years ago. By the way she paid just a small premium over the value of the gold when she bought as is typical when you buy any bullion coin.
At American Federal we constantly monitor the market for our clients and when we saw collectors getting into this market we alerted our clients.
The lady with the 30 $25 Gold Eagles (1/2 ounce coins) was able to trade for 30 $50 Gold Eagles (1 ounce coin). She doubled the amount of gold she owned simply because American Federal found a buyer for her dated coins who was willing to buy them based on their rarity.
If you were lucky enough to buy a roll of 1991 $25 Gold Eagles when you purchased your gold position, you would have coins worth more than $122,000! That’s $95,000 MORE than what the gold alone is worth.

Another lucky buyer bought a variety of 2007 Proof Platinum $25 Eagles, (worth less than $1000 each when he purchased) that one was sold for $69,300 to a collector just this year.

HERE’S THE BEST PART

You can buy tomorrows collectibles or trade your non-performing coins at just a small premium over the actual value of the gold or platinum in the coin.

YOU MAY ALREADY OWN THESE BULLION TURNED COLLECTIBLE COINS
If you bought gold, silver or platinum coins over the past 26 years, there’s a good chance you already own coins that could be worth 50%, 100% or even 500% MORE than their bullion value.

At American Federal we constantly update the list of coins that dealers and collectors are willing to pay big money for.
You might have $5 Gold Eagles (1/10 ounce) worth as much as $2200 each.
OR
Maybe you have $10 or $25 Gold Eagles (1/4 or ½ ounce coins) that are worth $800 to as much as $7000 each.
If you are really lucky you may own Platinum Eagles worth over $69,000!
You see, when many of these coins were first sold they were nothing but bullion coins. Dealers didn’t even know they were rare or they would turn into collectibles.

CALL TODAY FOR A LIST

Call us today and we will be glad to send you a list of coins you may already own that could greatly increase the amount of gold, silver or platinum you own without pending a cent more OR just cash some in and take your profits.
We will also give your portfolio CPR. That’s our exclusive Coin Performance Review. We evaluate your coins and tell you how they have performed in the past and if you have any of the “sleepers” today’s market needs. We tell you if there is anything you can do to increase your chances of profit and if you are in the “wrong’ coins we can help you there too. WE can trade you into coins with the lowest risk and highest probability of moving with precious metals as well as becoming valuable as collectible down the road.

If you already are position in the right coins we’ll tell you that too. Then we will simply watch the market for you and keep you updated as the market changes.

You have nothing to lose and could be sitting on coins that are already very valuable in today’s market.
Call today for you free review or email, mail or fax a list of your coins.

Look, American Federal isn’t like other dealers. We keep our clients informed and let them know when market changes affect their portfolios.
Send your email address and we will add you to our Preferred Members list.

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]]>
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Confiscation http://americanfederal.com/confiscation/ http://americanfederal.com/confiscation/#comments Fri, 30 Jan 2015 22:20:20 +0000 http://americanfederal.com/?p=4949 More and more clients tell me they purchased semi numismatic or rare coins because either they were afraid of gold confiscation, or they were TOLD they should be concerned. Gold confiscation is a huge motivator and dealers are using it as a scare tactic to sell coins with much higher profit margins to their clients. I’m not saying that some concern about the possibility isn’t warranted. Dealers have misused the reality of gold confiscation. It’s incredible to hear some of the misinformation and outright lies that dealers and brokers use when talking about this subject. Some very well respected dealers have shocked me with false statements. One went so far as to say that $20 St Gaudens have never been confiscated by the government! It’s a fact that these were one of the most common coin taken by the government. Even more incredible is that a well known conservative talk show hosts look right at the camera while holding US gold coins in hand and claim that they are the best place to put your money since the government never called in these types of coins. Ironically, the odds are great that the actual coins being shown were in fact confiscated. I don’t believe the talk show host intentionally lie to anyone. I believe that at least some of the problem is just misinformation. People have a vague idea of what happened in 1933 but simply have no reason to follow the history, regulations and repeal of regulations to today’s world. Dealers of course don’t want to tell you the whole truth because they are making a fortune selling numismatic coins. Most people will say they don’t care about paying a little more to protect their money. I don’t think they realize that they are giving away as much as half their money just by purchasing numismatic coins. I don’t consider that “protecting” your money. If you give up half of your investment in fees and markups you might be better off not protecting it – Or at least doing it in a different way. I know the typical story A person wanted to buy gold, they want to protect their dollars from the government’s relentless devaluing of their hard earned cash. They want to protect them-selves from inflation that seems inevitable. They want to retain their purchasing power. Gold and silver historically does all those things. A silver half dollar bought 2 gallons of gas back in the 50′s and early 60′s. Today that same half dollar buys 3 gallons. Putting your money into precious metals is the best way to protect your purchasing power. But when you called your dealer he changed your mind.” Don’t you know the government is going to confiscate gold? “he said. That’s where it all goes wrong. I’m not going to argue whether or not gold will be confiscated just now. Dr. Gary North does a great job of that. Look him up on the web at www.garynorth.com. But did you know that the coins dealers are selling you are most likely the actual coins that were confiscated? Seems crazy that they want you to believe that to protect yourself from gold confiscation you should buy coins that were actually confiscated. Then they tell you how devious the government is about changing the rules and that though trickery and usurpation of power the President will take away your gold. BUT they claim you are safe following their advice because of regulations taken off the books long ago. The antiquated, repealed often nonexistent regulations are supposed to protect you? The crazy thing is that US Mint has provided the absolute safest solution. Ironically it’s the coins that your dealer makes the least amount of commission or markup on. Because of that almost no dealer will sell you this relatively inexpensive coin (when compared to premiums on semi numismatic coins). In fact, the dealers will do everything they can to convince you that you should not buy these coins even though they are the only coins the US government considers Numismatic by Acts of Congress! Plus, these coins are simple for you to value and sell anywhere in the world. Try to sell a $20 St Gaudens in South America, Mexico, Panama or any foreign country. But your dealer really doesn’t want you to know there is a safer cheaper way because then he’d have to give up his Ferrari. In fact some of these large companies have hundreds of complaints with the SEC for bait and switch practices in which they actually advertise these coins but then talk you into supposed numismatic coins at outrageous mark ups. Don’t worry I will tell you all about these coins and how to buy them, with hardly any dealer mark up. I’ll also show you how to get out of you supposed non-confiscateable coins. First a quick story. In 2005 the heirs to a well-known Philadelphia scrap gold and coin dealer opened a safe deposit box and found 10 previously unknown $20 St Gaudens. Because the heirs knew little about coins but they did know that these coins were extremely rare. They contacted the Philadelphia Mint to authenticate the coins. Just a few years earlier the only known privately owned coin of this particular year sold for $7.59 million. After the Philadelphia Mint received the ten coins they were confiscated by the government without compensation. A court battle raged. After all, gold is legal. The family argued that their heir obtained the coins legally from the Philadelphia Mint during a time in between the time the Mint struck 445,000 coins and Roosevelt implemented the Executive Order calling in gold coins. The Mint was ordered to melt the entire mintage. However one branch of the government continued operating and selling gold as well as trading currency and bullion for gold coins as the feds were busy calling gold in. That’s how it used to be. You could trade your gold or gold certificates for actual gold coins. However, the US government has been after these coins since 1933. The coin is the 1933 US Double Eagle or St Gaudens. While Roosevelt was making gold illegal to own, the Mint was making new $20 and $10 gold coins. They were supposedly all melted but rumors were, several had been given out prior to the Executive Order of gold confiscation and the Mint realized they were at odds. The Secret Service harassed this particular coin dealer for decades believing he had hoarded a handful of these coins. In fact they forcibly confiscated gold coins from him. Some of which were quite rare even by 1930′ standards. (So much the government not confiscating collectibles) Finally in 2011 the courts upheld the government claim to the coins and the family is out their $75 million coins. That poses an interesting question. If these truly rare coins could be confiscated why would you believe that obsolete regulations and laws that have actually been repealed- taken off the books – are going to protect you? Is your dealer going to be by your side then? I doubt it. It’s become such a problem that one major dealer has been not only fined but closed down for fraudulently using the fear of confiscation to sell coins. This has two effects. The obvious is that dealers will need to be more careful about how they use this argument. The second will hurt investors already in semi numismatic coins. If dealers are not able to use this argument, they will sell fewer and fewer numismatic coins. This will further hurt prices. Look, many of the more commonly sold US gold coins in MS64 have tumbled as gold has fallen. Typically MS64 coins sold for two to three times the price of the next lower grade. Many are now only 10-20% higher than MS63 coins today. Some dealers will say that makes the coins a great deal, a buying opportunity! But, I think it just proves what I have been saying for the past 17 years. There are simply too many coins out there compared to the number of buyers. The only reason these coins were worth so much was because of dealer promotions. The last 14 years have proved that dealers simply can’t sell enough coins to make prices rise. If you own collectible US Gold coins it’s something you need to face and hopefully do something about. Trade the coins for bullion or bullion coins while they have a premium. I believe most of these coins will likely lose even more premium as time goes by. European coins, which are even older than most US coins, sold as collectibles, are routinely bought and sold for no more than just the value of the gold content. Marketing is the only real reason US coins have commanded such high premiums. So, if you are holding pre-1933 gold coins give us a call for an update and see if there are better alternatives for your goals.

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More and more clients tell me they purchased semi numismatic or rare coins because either they were afraid of gold confiscation, or they were TOLD they should be concerned. Gold confiscation is a huge motivator and dealers are using it as a scare tactic to sell coins with much higher profit margins to their clients. I’m not saying that some concern about the possibility isn’t warranted. Dealers have misused the reality of gold confiscation. It’s incredible to hear some of the misinformation and outright lies that dealers and brokers use when talking about this subject. Some very well respected dealers have shocked me with false statements. One went so far as to say that $20 St Gaudens have never been confiscated by the government! It’s a fact that these were one of the most common coin taken by the government.
Even more incredible is that a well known conservative talk show hosts look right at the camera while holding US gold coins in hand and claim that they are the best place to put your money since the government never called in these types of coins. Ironically, the odds are great that the actual coins being shown were in fact confiscated.
I don’t believe the talk show host intentionally lie to anyone. I believe that at least some of the problem is just misinformation. People have a vague idea of what happened in 1933 but simply have no reason to follow the history, regulations and repeal of regulations to today’s world.
Dealers of course don’t want to tell you the whole truth because they are making a fortune selling numismatic coins.
Most people will say they don’t care about paying a little more to protect their money. I don’t think they realize that they are giving away as much as half their money just by purchasing numismatic coins. I don’t consider that “protecting” your money. If you give up half of your investment in fees and markups you might be better off not protecting it – Or at least doing it in a different way.
I know the typical story
A person wanted to buy gold, they want to protect their dollars from the government’s relentless devaluing of their hard earned cash. They want to protect them-selves from inflation that seems inevitable. They want to retain their purchasing power.
Gold and silver historically does all those things. A silver half dollar bought 2 gallons of gas back in the 50′s and early 60′s. Today that same half dollar buys 3 gallons. Putting your money into precious metals is the best way to protect your purchasing power. But when you called your dealer he changed your mind.” Don’t you know the government is going to confiscate gold? “he said.
That’s where it all goes wrong.
I’m not going to argue whether or not gold will be confiscated just now. Dr. Gary North does a great job of that. Look him up on the web at www.garynorth.com. But did you know that the coins dealers are selling you are most likely the actual coins that were confiscated? Seems crazy that they want you to believe that to protect yourself from gold confiscation you should buy coins that were actually confiscated. Then they tell you how devious the government is about changing the rules and that though trickery and usurpation of power the President will take away your gold. BUT they claim you are safe following their advice because of regulations taken off the books long ago. The antiquated, repealed often nonexistent regulations are supposed to protect you?
The crazy thing is that US Mint has provided the absolute safest solution.
Ironically it’s the coins that your dealer makes the least amount of commission or markup on. Because of that almost no dealer will sell you this relatively inexpensive coin (when compared to premiums on semi numismatic coins). In fact, the dealers will do everything they can to convince you that you should not buy these coins even though they are the only coins the US government considers Numismatic by Acts of Congress! Plus, these coins are simple for you to value and sell anywhere in the world. Try to sell a $20 St Gaudens in South America, Mexico, Panama or any foreign country. But your dealer really doesn’t want you to know there is a safer cheaper way because then he’d have to give up his Ferrari.
In fact some of these large companies have hundreds of complaints with the SEC for bait and switch practices in which they actually advertise these coins but then talk you into supposed numismatic coins at outrageous mark ups.
Don’t worry I will tell you all about these coins and how to buy them, with hardly any dealer mark up. I’ll also show you how to get out of you supposed non-confiscateable coins.
First a quick story. In 2005 the heirs to a well-known Philadelphia scrap gold and coin dealer opened a safe deposit box and found 10 previously unknown $20 St Gaudens. Because the heirs knew little about coins but they did know that these coins were extremely rare. They contacted the Philadelphia Mint to authenticate the coins. Just a few years earlier the only known privately owned coin of this particular year sold for $7.59 million.
After the Philadelphia Mint received the ten coins they were confiscated by the government without compensation. A court battle raged. After all, gold is legal. The family argued that their heir obtained the coins legally from the Philadelphia Mint during a time in between the time the Mint struck 445,000 coins and Roosevelt implemented the Executive Order calling in gold coins. The Mint was ordered to melt the entire mintage. However one branch of the government continued operating and selling gold as well as trading currency and bullion for gold coins as the feds were busy calling gold in. That’s how it used to be. You could trade your gold or gold certificates for actual gold coins.
However, the US government has been after these coins since 1933. The coin is the 1933 US Double Eagle or St Gaudens.
While Roosevelt was making gold illegal to own, the Mint was making new $20 and $10 gold coins. They were supposedly all melted but rumors were, several had been given out prior to the Executive Order of gold confiscation and the Mint realized they were at odds.
The Secret Service harassed this particular coin dealer for decades believing he had hoarded a handful of these coins. In fact they forcibly confiscated gold coins from him. Some of which were quite rare even by 1930′ standards. (So much the government not confiscating collectibles) Finally in 2011 the courts upheld the government claim to the coins and the family is out their $75 million coins.
That poses an interesting question.
If these truly rare coins could be confiscated why would you believe that obsolete regulations and laws that have actually been repealed- taken off the books – are going to protect you? Is your dealer going to be by your side then? I doubt it.
It’s become such a problem that one major dealer has been not only fined but closed down for fraudulently using the fear of confiscation to sell coins.
This has two effects.
The obvious is that dealers will need to be more careful about how they use this argument.
The second will hurt investors already in semi numismatic coins. If dealers are not able to use this argument, they will sell fewer and fewer numismatic coins. This will further hurt prices.
Look, many of the more commonly sold US gold coins in MS64 have tumbled as gold has fallen. Typically MS64 coins sold for two to three times the price of the next lower grade. Many are now only 10-20% higher than MS63 coins today.
Some dealers will say that makes the coins a great deal, a buying opportunity! But, I think it just proves what I have been saying for the past 17 years. There are simply too many coins out there compared to the number of buyers. The only reason these coins were worth so much was because of dealer promotions. The last 14 years have proved that dealers simply can’t sell enough coins to make prices rise.
If you own collectible US Gold coins it’s something you need to face and hopefully do something about. Trade the coins for bullion or bullion coins while they have a premium. I believe most of these coins will likely lose even more premium as time goes by. European coins, which are even older than most US coins, sold as collectibles, are routinely bought and sold for no more than just the value of the gold content. Marketing is the only real reason US coins have commanded such high premiums.
So, if you are holding pre-1933 gold coins give us a call for an update and see if there are better alternatives for your goals.

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A Great Testimonial http://americanfederal.com/great-testimonial/ http://americanfederal.com/great-testimonial/#comments Thu, 08 Jan 2015 19:13:08 +0000 http://americanfederal.com/?p=4907 Good morning Don: It was quite refreshing to speak with you yesterday. I expected a boiler room pressure-cooker attack but what I feel I got was a sincere assessment of my needs and a true picture of the values in the industry at present. Thank you. I like good sales reps and I like to buy only from good sales reps. Your presentation let me know that you are one of those people and well accomplished in your field. I happen to have served for a short time at XXXX, as Sales and Customer Satisfaction Manager. I retired twelve years ago. However, that “short time” worked out to be a mere thirty-eight years. I hired and managed a staff of forty-eight sales reps with associated admins and I interviewed probably more than 25,000 candidates during those thirty-eight years. So when I say that I like you and I liked your presentation, I know exactly what I am talking about. I certainly got the boiler-room bum’s rush from the prior call I made to your competitor. A 400-pound tackle from the NY Giants would have hit me in a kinder and gentler way! But bad salesmanship is rampant. I see right through all that and I am not in the least offended. To the contrary, I consider such behavior as just another lead for my consulting business! Best wishes, J We love to hear how our clients feel. If you would like to talk to Don or have any questions give us a call at 800-221-7694! ** Some personal information of our client has been removed for their privacy**

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Good morning Don:

It was quite refreshing to speak with you yesterday. I expected a boiler room pressure-cooker attack but what I feel I got was a sincere assessment of my needs and a true picture of the values in the industry at present. Thank you.

I like good sales reps and I like to buy only from good sales reps. Your presentation let me know that you are one of those people and well accomplished in your field.

I happen to have served for a short time at XXXX, as Sales and Customer Satisfaction Manager. I retired twelve years ago.

However, that “short time” worked out to be a mere thirty-eight years. I hired and managed a staff of forty-eight sales reps with associated admins and I interviewed probably more than 25,000 candidates during those thirty-eight years. So when I say that I like you and I liked your presentation, I know exactly what I am talking about.

I certainly got the boiler-room bum’s rush from the prior call I made to your competitor. A 400-pound tackle from the NY Giants would have hit me in a kinder and gentler way! But bad salesmanship is rampant. I see right through all that and I am not in the least offended. To the contrary, I consider such behavior as just another lead for my consulting business!

Best wishes,

J

We love to hear how our clients feel. If you would like to talk to Don or have any questions give us a call at 800-221-7694!

** Some personal information of our client has been removed for their privacy**

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Nelson Bunker Hunt http://americanfederal.com/nelson-bunker-hunt/ http://americanfederal.com/nelson-bunker-hunt/#comments Thu, 18 Dec 2014 17:41:09 +0000 http://americanfederal.com/?p=4725 This article was printed on bloomberg.com and was titled – Haunted by Inflation, He Snapped Up Silver at $2, Made a Fortune and Lost It To Nelson Bunker Hunt, the world was full of enemies. There was inflation. It was running as high as 13 percent in the 1970s, like a thief threatening to steal the family fortune earned by his father, H.L., in the oil fields of East Texas. There was Muammar Qaddafi and the American oil men who collaborated with him. When Hunt and his brothers William Herbert and Lamar had refused to pay Qaddafi half their earnings from the Libyan oil fields, like their competitors had, Qaddafi had simply snatched the Hunts’ 8 million acres. There were the communists, the liberals, the proponents of the welfare state. If inflation didn’t rob him of his billions, the tax man would. The answer was silver. Enough silver to hedge against inflation. Enough to stay rich despite Qaddafi and the Internal Revenue Service, said Tim Knight, author of “Panic, Prosperity and Progress: Five Centuries of History and the Markets” (2014). “Silver to him was not a pump-and-dump scheme,” Knight said in an interview. “Hunt had a paranoid world view and it made sense to him to amass silver and hang on to it. He was a true believer.” Hunt died Oct. 21 at the age of 88 of congestive heart failure after a long battle with cancer and dementia, according to The Dallas Morning News. When he began buying silver with his brothers in 1973, it cost $2 an ounce and a big consumer was Eastman Kodak Co., which used it to make film. Silver Delivery Before the Hunts were through, seven years later, they’d stockpiled more than 200 million ounces, the price was soaring past $45 an ounce and regulators were preparing to take measures to make sure nothing like what Nelson Bunker Hunt had done would ever happen again. The Hunts “moved the price of silver around the world,” said Thomas O. Gorman, a partner at Dorsey & Whitney LLP in Washington who successfully sued the Hunts for market manipulation. Most traders buy and sell paper. The actual stuff represented by that paper is delivered to someone else. Hunt wanted the silver. He chartered three 707 jet aircraft to haul the metal to warehouses in Switzerland and hired a dozen sharpshooting cowboys to provide security, according to Knight. In the late 1970s, the Hunts were accumulating so much silver they needed surrogates to buy it for them, said George Gero, who traded the metal at the Commodity Exchange Inc.’s open outcry pit in New York for the investment bank Drexel Burnham Lambert. Family Cutlery “The main buyer for Nelson Bunker Hunt was Conti Commodities, and when we saw the Conti broker coming to the pit, we’d all buy some silver,” raising the price, said Gero, now vice president, global futures, for RBC Capital Markets in New York. Through the 1970s the price rose slowly, steadily. Then, in 1979, quickly. Silver started the year around $6 an ounce and ended the year at more than $32. Everyone got in on the trade. Grandmothers sold the family cutlery. Thieves were making off with silver jewelry and melting it down. It got so bad that Tiffany & Co. (TIF), the New York-based jeweler, bought an advertisement in the New York Times that said, “We think it is unconscionable for anyone to hoard several billion, yes billion, dollars worth of silver and thus drive the price up so high that others must pay artificially high prices for articles made of silver from baby spoons to tea sets, as well as photographic film and other products.” On Jan. 7, 1980, in response to the Hunts’ position, Comex and the Chicago Board of Trade imposed emergency rules that included higher margin requirements. Ascent Broken “They broke the ascent by basically outlawing the buying of silver,” said Knight, who blogs at slopeofhope.com. “Only liquidation orders would be accepted. It’s almost criminal what they did.” The silver price hit a high of $49.45 an ounce that month. By March 18, it was $16.60. Hunt traveled to France and then Saudi Arabia with the idea of selling bonds backed by his silver hoard. Time magazine said at the time that the Hunts were trying to sell silver without selling silver. Then came the margin call. Traders had to cover their bets every day. If they couldn’t, they had to start selling. Those were the exchange rules. Silver Thursday On March 27, 1980 — what came to be known as “silver Thursday” — Comex asked Bache Group, the Hunts’ broker, for $134 million. The three Hunt brothers had $4.5 billion in silver holdings, $3.5 billion of it pure profit, Knight said. But they didn’t have $134 million. “An administrative glitch” was the reason, according to Jeffrey Christian, who was a reporter at Metals Week at the time. The only person who could authorize the funds transfer to pay the margin call was Bunker Hunt, and he was overseas and unreachable, Christian said. “Bache had no discretion to do anything but liquidate the position,” said Christian, who’s now managing partner at CPM Group LLC, a New York-based commodities research and consulting company. “All Hunt had to do was make a phone call.” The price of silver dropped that day to $10.80 an ounce from $15.70. The Hunts had put up oil and gas leases, real estate, coal leases, antiques, even a Mercedes and a Rolex, and lost them all, according to Kurt Eichenwald’s “Serpent on the Rock” (2005). $1.1 Billion “Twelve U.S. banks, the American branches of four foreign banks and five brokerage houses had provided the Hunts’ silver-buying venture with more than $800 million — equivalent to almost 10 percent of all the bank lending in the country in the previous two months,” William Greider wrote in “Secrets of the Temple” (1987). The collateral also included silver, whose price was plunging. Making matters worse, the Hunts had bought futures contracts on 19 million ounces of silver with delivery scheduled for the next Monday, March 31, Greider wrote. The seller was demanding his money. If he didn’t get it, the silver price would plummet again, dragging the lenders of the $800 million down with it, Greider said. A $1.1 billion loan from a group of banks, blessed by Federal Reserve Chairman Paul Volcker despite his otherwise firm stand against speculative lending as inflation crept higher, stopped the bleeding, Greider said. Short Bet “For six days late in March 1980 it appeared to government officials, Wall Street and the public at large that a default by a single family on its obligations in the plummeting silver market might seriously disrupt the U.S. financial system,” said a 1982 U.S. Securities and Exchange Commission report. During the seven-year increase in silver prices, a Peruvian firm had bet the price was going to fall. It sued Bunker Hunt and Herbert Hunt for manipulating the market. The case finally came to court in 1988. The trial took six months, said Gorman, the Peruvian company’s attorney. The Hunts lost. “I remember them being totally stunned, totally shocked,” Gorman said. Tax Bill The $180 million judgment against them pushed the Hunts into bankruptcy. All Bunker Hunt had left from his billions were a few million, a stable of racehorses and a $90 million tax bill to be paid over a 15-year period, Knight said. “Bunker would never talk to me,” Gorman said. He said the last time he saw Hunt was at a Dallas restaurant. After they ate lunch at separate tables, they arrived at the elevators at the same time. Gorman said he held the door, but Hunt insisted Gorman get in first, then declined to get in with him and thumbed his nose at the lawyer as the doors slid shut. The case against the Hunts was “the most important manipulation case ever tried,” Jeffrey C. Williams, a witness who testified on behalf of the Hunts, wrote in his chronicle of the case, “Manipulation on Trial” (1995). “They never tried to corner the market,” Christian said. “They bought a lot of silver. They invested, in a big way, a sloppy way. Cornering is not an accurate description.” In the aftermath, the Commodity Futures Trading Commission adopted new limits on the positions that speculators could amass. Rule Changes Hunt lived for a quarter century after his humiliation. He was banned from trading commodities. His father’s company, Hunt Oil Co., born in the East Texas oil fields during the Great Depression, survived. His brother Herbert became a billionaire all over again, investing in North Dakota shale oil. Rule changes were made in the wake of the Hunts’ rout, and they’re Hunt’s legacy, said David Kovel, an attorney at New York-based Kirby McInerney LLP specializing in commodities. The CFTC, in a November 2013 proposal to limit the number of contracts a single trader can hold across a variety of markets, cited the Hunts’ silver trading as an example of why such limits are necessary. “Exchanges are now seen as fairly secure places without as much systemic risk as the over-the-counter market,” Kovel said in an e-mail.

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This article was printed on bloomberg.com and was titled – Haunted by Inflation, He Snapped Up Silver at $2, Made a Fortune and Lost It

To Nelson Bunker Hunt, the world was full of enemies.

There was inflation. It was running as high as 13 percent in the 1970s, like a thief threatening to steal the family fortune earned by his father, H.L., in the oil fields of East Texas.

There was Muammar Qaddafi and the American oil men who collaborated with him. When Hunt and his brothers William Herbert and Lamar had refused to pay Qaddafi half their earnings from the Libyan oil fields, like their competitors had, Qaddafi had simply snatched the Hunts’ 8 million acres.

There were the communists, the liberals, the proponents of the welfare state. If inflation didn’t rob him of his billions, the tax man would.

The answer was silver. Enough silver to hedge against inflation. Enough to stay rich despite Qaddafi and the Internal Revenue Service, said Tim Knight, author of “Panic, Prosperity and Progress: Five Centuries of History and the Markets” (2014).

“Silver to him was not a pump-and-dump scheme,” Knight said in an interview. “Hunt had a paranoid world view and it made sense to him to amass silver and hang on to it. He was a true believer.”

Hunt died Oct. 21 at the age of 88 of congestive heart failure after a long battle with cancer and dementia, according to The Dallas Morning News.

When he began buying silver with his brothers in 1973, it cost $2 an ounce and a big consumer was Eastman Kodak Co., which used it to make film.

Silver Delivery

Before the Hunts were through, seven years later, they’d stockpiled more than 200 million ounces, the price was soaring past $45 an ounce and regulators were preparing to take measures to make sure nothing like what Nelson Bunker Hunt had done would ever happen again.

The Hunts “moved the price of silver around the world,” said Thomas O. Gorman, a partner at Dorsey & Whitney LLP in Washington who successfully sued the Hunts for market manipulation.

Most traders buy and sell paper. The actual stuff represented by that paper is delivered to someone else. Hunt wanted the silver. He chartered three 707 jet aircraft to haul the metal to warehouses in Switzerland and hired a dozen sharpshooting cowboys to provide security, according to Knight.

In the late 1970s, the Hunts were accumulating so much silver they needed surrogates to buy it for them, said George Gero, who traded the metal at the Commodity Exchange Inc.’s open outcry pit in New York for the investment bank Drexel Burnham Lambert.

Family Cutlery

“The main buyer for Nelson Bunker Hunt was Conti Commodities, and when we saw the Conti broker coming to the pit, we’d all buy some silver,” raising the price, said Gero, now vice president, global futures, for RBC Capital Markets in New York.

Through the 1970s the price rose slowly, steadily. Then, in 1979, quickly. Silver started the year around $6 an ounce and ended the year at more than $32.

Everyone got in on the trade. Grandmothers sold the family cutlery. Thieves were making off with silver jewelry and melting it down.

It got so bad that Tiffany & Co. (TIF), the New York-based jeweler, bought an advertisement in the New York Times that said, “We think it is unconscionable for anyone to hoard several billion, yes billion, dollars worth of silver and thus drive the price up so high that others must pay artificially high prices for articles made of silver from baby spoons to tea sets, as well as photographic film and other products.”

On Jan. 7, 1980, in response to the Hunts’ position, Comex and the Chicago Board of Trade imposed emergency rules that included higher margin requirements.

Ascent Broken

“They broke the ascent by basically outlawing the buying of silver,” said Knight, who blogs at slopeofhope.com. “Only liquidation orders would be accepted. It’s almost criminal what they did.”

The silver price hit a high of $49.45 an ounce that month. By March 18, it was $16.60.

Hunt traveled to France and then Saudi Arabia with the idea of selling bonds backed by his silver hoard. Time magazine said at the time that the Hunts were trying to sell silver without selling silver.

Then came the margin call.

Traders had to cover their bets every day. If they couldn’t, they had to start selling. Those were the exchange rules.

Silver Thursday

On March 27, 1980 — what came to be known as “silver Thursday” — Comex asked Bache Group, the Hunts’ broker, for $134 million. The three Hunt brothers had $4.5 billion in silver holdings, $3.5 billion of it pure profit, Knight said. But they didn’t have $134 million.

“An administrative glitch” was the reason, according to Jeffrey Christian, who was a reporter at Metals Week at the time. The only person who could authorize the funds transfer to pay the margin call was Bunker Hunt, and he was overseas and unreachable, Christian said.

“Bache had no discretion to do anything but liquidate the position,” said Christian, who’s now managing partner at CPM Group LLC, a New York-based commodities research and consulting company. “All Hunt had to do was make a phone call.”

The price of silver dropped that day to $10.80 an ounce from $15.70.

The Hunts had put up oil and gas leases, real estate, coal leases, antiques, even a Mercedes and a Rolex, and lost them all, according to Kurt Eichenwald’s “Serpent on the Rock” (2005).

$1.1 Billion

“Twelve U.S. banks, the American branches of four foreign banks and five brokerage houses had provided the Hunts’ silver-buying venture with more than $800 million — equivalent to almost 10 percent of all the bank lending in the country in the previous two months,” William Greider wrote in “Secrets of the Temple” (1987). The collateral also included silver, whose price was plunging.

Making matters worse, the Hunts had bought futures contracts on 19 million ounces of silver with delivery scheduled for the next Monday, March 31, Greider wrote. The seller was demanding his money. If he didn’t get it, the silver price would plummet again, dragging the lenders of the $800 million down with it, Greider said.

A $1.1 billion loan from a group of banks, blessed by Federal Reserve Chairman Paul Volcker despite his otherwise firm stand against speculative lending as inflation crept higher, stopped the bleeding, Greider said.

Short Bet

“For six days late in March 1980 it appeared to government officials, Wall Street and the public at large that a default by a single family on its obligations in the plummeting silver market might seriously disrupt the U.S. financial system,” said a 1982 U.S. Securities and Exchange Commission report.

During the seven-year increase in silver prices, a Peruvian firm had bet the price was going to fall. It sued Bunker Hunt and Herbert Hunt for manipulating the market.

The case finally came to court in 1988. The trial took six months, said Gorman, the Peruvian company’s attorney. The Hunts lost.

“I remember them being totally stunned, totally shocked,” Gorman said.

Tax Bill

The $180 million judgment against them pushed the Hunts into bankruptcy. All Bunker Hunt had left from his billions were a few million, a stable of racehorses and a $90 million tax bill to be paid over a 15-year period, Knight said.

“Bunker would never talk to me,” Gorman said. He said the last time he saw Hunt was at a Dallas restaurant. After they ate lunch at separate tables, they arrived at the elevators at the same time. Gorman said he held the door, but Hunt insisted Gorman get in first, then declined to get in with him and thumbed his nose at the lawyer as the doors slid shut.

The case against the Hunts was “the most important manipulation case ever tried,” Jeffrey C. Williams, a witness who testified on behalf of the Hunts, wrote in his chronicle of the case, “Manipulation on Trial” (1995).

“They never tried to corner the market,” Christian said. “They bought a lot of silver. They invested, in a big way, a sloppy way. Cornering is not an accurate description.”

In the aftermath, the Commodity Futures Trading Commission adopted new limits on the positions that speculators could amass.

Rule Changes

Hunt lived for a quarter century after his humiliation. He was banned from trading commodities. His father’s company, Hunt Oil Co., born in the East Texas oil fields during the Great Depression, survived. His brother Herbert became a billionaire all over again, investing in North Dakota shale oil.

Rule changes were made in the wake of the Hunts’ rout, and they’re Hunt’s legacy, said David Kovel, an attorney at New York-based Kirby McInerney LLP specializing in commodities.

The CFTC, in a November 2013 proposal to limit the number of contracts a single trader can hold across a variety of markets, cited the Hunts’ silver trading as an example of why such limits are necessary.

“Exchanges are now seen as fairly secure places without as much systemic risk as the over-the-counter market,” Kovel said in an e-mail.

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Big Day Yesterday for Gold and Silver http://americanfederal.com/big-day-yesterday-gold-silver/ http://americanfederal.com/big-day-yesterday-gold-silver/#comments Wed, 10 Dec 2014 20:05:59 +0000 http://americanfederal.com/?p=4620 It was a big day for gold and silver yesterday, because they broke out of their respective 5-month downtrends. We had been expecting one last dip, but it didn’t happen. We can see the significance of this development on their 8-month charts below. This was an important achievement because as we can see. In the case of both gold and silver, this breakout involved a clear break above a zone of significant resistance, a clear break above the falling 50-day moving average, and a clear breakout from the downtrend in force since early July. We could and should soon see a powerful rally, and an even bigger rally in trampled down mining stocks.

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It was a big day for gold and silver yesterday, because they broke out of their respective 5-month downtrends. We had been expecting one last dip, but it didn’t happen. We can see the significance of this development on their 8-month charts below. This was an important achievement because as we can see. In the case of both gold and silver, this breakout involved a clear break above a zone of significant resistance, a clear break above the falling 50-day moving average, and a clear breakout from the downtrend in force since early July. We could and should soon see a powerful rally, and an even bigger rally in trampled down mining stocks.

graph 12-10

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Last Chance for Cheap Metals? http://americanfederal.com/last-chance-cheap-metals/ http://americanfederal.com/last-chance-cheap-metals/#comments Tue, 09 Dec 2014 22:02:01 +0000 http://americanfederal.com/?p=4610 Lately everyone has been very negative on precious metals. I have been very cautious as well, simply because I hate trying to hype products just to sell something to my clients. Some dealers are always bullish. The big move is always just around the corner according to the big promoters. Though I have been overly cautious–gold, silver and platinum have made a substantial move this week. I won’t go into the technical details except to say–the fact that gold has made a strong move above $1220, silver has blown through $17 and platinum actually led the rally. Platinum is by far the best bet of all three metals. Unfortunately Platinum Eagles are all but impossible to find. My four biggest suppliers now have zero inventory because I just bought the last $42,000 worth yesterday. The recent increase in the job numbers could lead to the Fed raising interest rates sooner and higher than expected. This could force the stock market to plummet. When that happens it’s very likely that the metals–gold, silver and platinum–will see a huge inflow of money. None of us believe the dollar can stay strong for an extended period. It’s just a matter of time before it drops–right? I don’t have a crystal ball and I don’t know how high this rally will go, but I do know the Small Speculators have given up just as they did in 2001 and 2008 just before the huge run-ups in gold prices. The Large Speculators and Hedgers have picked up their positions and are now betting on higher prices. One last contrary indicator is that the smaller, average investor has finally turned bullish on the stock market according to reports this morning. The financial media are very excited and are saying better late than never. Let’s face it, the average person is almost always wrong. They sell at the bottom and buy at the top. Right now they are convinced stocks are going up and gold is going down. That alone is a positive indicator. As I mentioned, I don’t know what’s going to happen short-term in metals. I look to smarter people than me. Yesterday one of the premier Chartists turned very positive. I could go on and on about support levels, engulfing bullish patterns and bull flags but I’d rather save you the time and get to the point. There may be one last dip but we can’t bet on it. What does seem in the “charts” is a dramatic rally. Only time will tell. If you are interested in Gold or Silver Eagles (or any other bullion coins or bars) give us a call. I have an inventory of both gold and silver but very little platinum. I’m also happy to buy your coins if you just don’t agree and want to get out. Current inventory includes $50 Gold Eagles as well as 2014 and 2015 Silver Eagles. Call 800-221-7694 to lock in your prices. If you are still sitting in rare coins that never appreciated during the last 12-year move in precious metals–it’s time to do something different. If you need to make up some losses–we have aggressive programs to help you. Now is the best time to trade into the precious metals you probably wanted in the first place. Don’t keep holding coins that didn’t perform in the last bull market and hope they perform differently next time.

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Lately everyone has been very negative on precious metals. I have been very cautious as well, simply because I hate trying to hype products just to sell something to my clients. Some dealers are always bullish. The big move is always just around the corner according to the big promoters.

Though I have been overly cautious–gold, silver and platinum have made a substantial move this week.

I won’t go into the technical details except to say–the fact that gold has made a strong move above $1220, silver has blown through $17 and platinum actually led the rally.

Platinum is by far the best bet of all three metals. Unfortunately Platinum Eagles are all but impossible to find. My four biggest suppliers now have zero inventory because I just bought the last $42,000 worth yesterday.

The recent increase in the job numbers could lead to the Fed raising interest rates sooner and higher than expected. This could force the stock market to plummet. When that happens it’s very likely that the metals–gold, silver and platinum–will see a huge inflow of money.

None of us believe the dollar can stay strong for an extended period. It’s just a matter of time before it drops–right?

I don’t have a crystal ball and I don’t know how high this rally will go, but I do know the Small Speculators have given up just as they did in 2001 and 2008 just before the huge run-ups in gold prices.

The Large Speculators and Hedgers have picked up their positions and are now betting on higher prices.

One last contrary indicator is that the smaller, average investor has finally turned bullish on the stock market according to reports this morning. The financial media are very excited and are saying better late than never.

Let’s face it, the average person is almost always wrong. They sell at the bottom and buy at the top.

Right now they are convinced stocks are going up and gold is going down. That alone is a positive indicator.

As I mentioned, I don’t know what’s going to happen short-term in metals. I look to smarter people than me. Yesterday one of the premier Chartists turned very positive. I could go on and on about support levels, engulfing bullish patterns and bull flags but I’d rather save you the time and get to the point.

There may be one last dip but we can’t bet on it. What does seem in the “charts” is a dramatic rally.

Only time will tell.

If you are interested in Gold or Silver Eagles (or any other bullion coins or bars) give us a call. I have an inventory of both gold and silver but very little platinum.

I’m also happy to buy your coins if you just don’t agree and want to get out.

Current inventory includes $50 Gold Eagles as well as 2014 and 2015 Silver Eagles.

Call 800-221-7694 to lock in your prices.

If you are still sitting in rare coins that never appreciated during the last 12-year move in precious metals–it’s time to do something different. If you need to make up some losses–we have aggressive programs to help you.

Now is the best time to trade into the precious metals you probably wanted in the first place. Don’t keep holding coins that didn’t perform in the last bull market and hope they perform differently next time.

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Need a little CPR http://americanfederal.com/need-little-cpr/ http://americanfederal.com/need-little-cpr/#comments Fri, 21 Nov 2014 19:44:37 +0000 http://americanfederal.com/?p=4400 CALL TODAY FOR A COIN PERFORMANCE REVIEW Call us today and we will be glad to send you a list of coins you may already own that could greatly increase the amount of gold, silver or platinum you own without pending a cent more OR just cash some in and take your profits. We will also give your portfolio CPR. That’s our exclusive Coin Performance Review. We evaluate your coins and tell you how they have performed in the past and if you have any of the “sleepers” today’s market needs. We tell you if there is anything you can do to increase your chances of profit and if you are in the “wrong” coins we can help you there too. We can trade you into coins with the lowest risk and highest probability of moving with precious metals as well as becoming valuable as collectibles down the road. If you already are position in the right coins we’ll tell you that too. Then we will simply watch the market for you and keep you updated as the market changes. You have nothing to lose and could be sitting on coins that are already very valuable in today’s market. Call today for you free review or email, mail or fax a list of your coins. 800-221-7694 Fax 480-553-5290

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CALL TODAY FOR A COIN PERFORMANCE REVIEW

Call us today and we will be glad to send you a list of coins you may already own that could greatly increase the amount of gold, silver or platinum you own without pending a cent more OR just cash some in and take your profits.

We will also give your portfolio CPR. That’s our exclusive Coin Performance Review. We evaluate your coins and tell you how they have performed in the past and if you have any of the “sleepers” today’s market needs. We tell you if there is anything you can do to increase your chances of profit and if you are in the “wrong” coins we can help you there too. We can trade you into coins with the lowest risk and highest probability of moving with precious metals as well as becoming valuable as collectibles down the road.

If you already are position in the right coins we’ll tell you that too. Then we will simply watch the market for you and keep you updated as the market changes.

You have nothing to lose and could be sitting on coins that are already very valuable in today’s market.
Call today for you free review or email, mail or fax a list of your coins. 800-221-7694 Fax 480-553-5290

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Gold and Silver Hit Four Year Low http://americanfederal.com/gold-silver-hit-four-year-low/ http://americanfederal.com/gold-silver-hit-four-year-low/#comments Fri, 31 Oct 2014 17:41:29 +0000 http://americanfederal.com/?p=4346 Gold and silver hit 4 year lows this morning in what has been described as a perfect storm. The dollar is at 4 year highs as the US economy is widely thought to be gaining strength. The long economic stimulus has ended, interest rates are likely to rise sooner than previously thought and stock indices are at multi year highs. Oil is dropping like a rock. Today is the last trading day of the month and gold was a victim of computer trading. The $1180 resistance was hot and spurred automatic program selling. There’s few people who feel bullish right now on metals. If being a contrarian is a sign of a bottom, then this must be it. So, a friend asked me if I would feel good recommending gold or silver today. I hesitated as I have been a bit bearish for some time now. Then he said, you tell people to buy when its low, right? Yes, I said. You tell them to buy on dips? Yes, again. Well isn’t gold and silver low? Haven’t they just taken a huge dip? Look, it’s hard to be positive when prices are falling like this. I truly don’t know if this is the best time to buy or not. I know it’s a good time to decide if you are holding for the right reasons. It’s a bad time if you bought to get rich or if you are gambling with money you need to survive. I’ll tell you I feel just like I did in 1999 when gold was under $100 and silver under $4. I was beat, grumpy and wondering what the heck I was doing being a metals dealer. Of course that’s when gold finally turned around and went upwards for nearly 12 years. The thing is even if we go lower the next target for the Bears is $1000 gold. There’s not that much risk at this point in gold. Even the big securities companies who hate gold are predicting between $1000 to $1150 as the bottom. So if we aren’t there we are very close. Don’t think the Coin Market is immune. Morgan Dollars in high grade or circulated have come down very heavily. I had a client yesterday who spent ten thousand dollars 7 years ago on Morgan Dollars in MS65 from another large Phoenix dealer. Silver was $10 an ounce at the time. I bought them yesterday for $3300! I doubt if I make a few hundred dollars on it. On top of everything else, one of my main buyers called last night and basically told me not to send anything but “real” rare coins. St Gaudens $20 in MS65 have dropped as much as $500 the past few months. Perhaps the coins that have been most beat up are the US Gold coins in MS64. Even relatively rare coins such as $5 Indians and $3 Princess’ are discounted. Most of the modern Chinese Pandas are worth 1/4 of what the biggest seller was selling them for. If you like that material give us a call and I can save you lots of money. Look, I don’t know where we go from here but metals are cheap. I don’t think any of us believe the dollar’s strength is anything but temporary. Nothing has changed as far as US debt or the value of our Fiat Currency. This is a real test of all of our beliefs and convictions. It’s been a long time since metals have been this low, so if you have been holding back it may be time to start adding some low priced bullion to your portfolio.

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Gold and silver hit 4 year lows this morning in what has been described as a perfect storm.

The dollar is at 4 year highs as the US economy is widely thought to be gaining strength. The long economic stimulus has ended, interest rates are likely to rise sooner than previously thought and stock indices are at multi year highs.

Oil is dropping like a rock.

Today is the last trading day of the month and gold was a victim of computer trading. The $1180 resistance was hot and spurred automatic program selling. There’s few people who feel bullish right now on metals.

If being a contrarian is a sign of a bottom, then this must be it.

So, a friend asked me if I would feel good recommending gold or silver today. I hesitated as I have been a bit bearish for some time now. Then he said, you tell people to buy when its low, right? Yes, I said. You tell them to buy on dips? Yes, again. Well isn’t gold and silver low? Haven’t they just taken a huge dip?

Look, it’s hard to be positive when prices are falling like this. I truly don’t know if this is the best time to buy or not. I know it’s a good time to decide if you are holding for the right reasons. It’s a bad time if you bought to get rich or if you are gambling with money you need to survive.

I’ll tell you I feel just like I did in 1999 when gold was under $100 and silver under $4. I was beat, grumpy and wondering what the heck I was doing being a metals dealer. Of course that’s when gold finally turned around and went upwards for nearly 12 years. The thing is even if we go lower the next target for the Bears is $1000 gold. There’s not that much risk at this point in gold. Even the big securities companies who hate gold are predicting between $1000 to $1150 as the bottom. So if we aren’t there we are very close.

Don’t think the Coin Market is immune.

Morgan Dollars in high grade or circulated have come down very heavily. I had a client yesterday who spent ten thousand dollars 7 years ago on Morgan Dollars in MS65 from another large Phoenix dealer. Silver was $10 an ounce at the time. I bought them yesterday for $3300! I doubt if I make a few hundred dollars on it.

On top of everything else, one of my main buyers called last night and basically told me not to send anything but “real” rare coins. St Gaudens $20 in MS65 have dropped as much as $500 the past few months. Perhaps the coins that have been most beat up are the US Gold coins in MS64. Even relatively rare coins such as $5 Indians and $3 Princess’ are discounted. Most of the modern Chinese Pandas are worth 1/4 of what the biggest seller was selling them for.

If you like that material give us a call and I can save you lots of money.

Look, I don’t know where we go from here but metals are cheap. I don’t think any of us believe the dollar’s strength is anything but temporary. Nothing has changed as far as US debt or the value of our Fiat Currency. This is a real test of all of our beliefs and convictions.

It’s been a long time since metals have been this low, so if you have been holding back it may be time to start adding some low priced bullion to your portfolio.

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Total Eclipse Of The Moon Brings Strong Reversal http://americanfederal.com/total-eclipse-moon-brings-strong-reversal/ http://americanfederal.com/total-eclipse-moon-brings-strong-reversal/#comments Thu, 09 Oct 2014 17:13:37 +0000 http://americanfederal.com/?p=4309 Metals have shown signs of a strong reversal yesterday. Gold has now tested its lows for the third time and finally looks very very good. Silver has has rebounded over a dollar an ounce and my favorite, platinum has come back super strong by nearly $100 an ounce! The metals have been so oversold the past few weeks that many were ready to just give up on it. As one client reminded me. The reasons for owning metals haven’t changed. No matter what happens in Washington you you always have your metals. The government can close the banks, play with the value of the dollar and change tax rates but your gold, silver and platinum are yours. You bought it as a hedge against the many problems here and abroad and sometimes it’s easy to get caught up in these crazy market moves. If you have been on the sidelines watching prices you need to just remember the reasons you bought metals in the first place. Though I am out of the office for the next week I was looking at the market and at the charts this morning and saw major reversals in this downtrend and just wanted to pass on the information. Carl is in the office and can help you if you need help with anything at all. One comment based on a call I had yesterday from a client. Seems that some brokers are really pushing the Modern Eagles. She was offered early date Silver Eagles for around $7500! While this does reinforce my belief that the modern coins hold a lot of promise it also serves as a reminder to tell my clients to STAY AWAY from high priced offers like this. The NGC price guide listed the coins at around $5500, which generally means the coins are “worth” $3300 if you try to sell them. The PCGS and NGC price guides normally are about 30% to 40% more than what coins trade for between dealers. So if you were a collector you may have to pay those prices. However, an investor paying those prices, or in this case, much more than those prices, is looking at a terrible deal. Basically the coins would need to double just for my client to break even. That simply is not an investment. If you want to take advantage of both the low bullion prices and possibly make money on the rarity of certain Eagles we can purchase older date Half Ounce Gold Eagles or almost any date in the fractional Platinum Eagles without paying the high collector prices. Do not buy the coins that have already seen the big price movements. There is no room left to make money. Buy coins that don’t have much more premium than bullion coins. That keeps your risk very low and allows you to profit as the collector market picks up steam. More about this in later emails. Since I was asked about this just yesterday as I was walking with my daughters on the beach, I felt it was worth warning you about. Please call us before you buy ANY coin that is not simply a bullion type coin. We can look up the REAL prices for you in just a few minutes.

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Metals have shown signs of a strong reversal yesterday. Gold has now tested its lows for the third time and finally looks very very good.

Silver has has rebounded over a dollar an ounce and my favorite, platinum has come back super strong by nearly $100 an ounce!

The metals have been so oversold the past few weeks that many were ready to just give up on it.

As one client reminded me. The reasons for owning metals haven’t changed. No matter what happens in Washington you you always have your metals. The government can close the banks, play with the value of the dollar and change tax rates but your gold, silver and platinum are yours. You bought it as a hedge against the many problems here and abroad and sometimes it’s easy to get caught up in these crazy market moves.

If you have been on the sidelines watching prices you need to just remember the reasons you bought metals in the first place.

Though I am out of the office for the next week I was looking at the market and at the charts this morning and saw major reversals in this downtrend and just wanted to pass on the information. Carl is in the office and can help you if you need help with anything at all.

One comment based on a call I had yesterday from a client. Seems that some brokers are really pushing the Modern Eagles. She was offered early date Silver Eagles for around $7500! While this does reinforce my belief that the modern coins hold a lot of promise it also serves as a reminder to tell my clients to STAY AWAY from high priced offers like this.

The NGC price guide listed the coins at around $5500, which generally means the coins are “worth” $3300 if you try to sell them. The PCGS and NGC price guides normally are about 30% to 40% more than what coins trade for between dealers. So if you were a collector you may have to pay those prices. However, an investor paying those prices, or in this case, much more than those prices, is looking at a terrible deal. Basically the coins would need to double just for my client to break even. That simply is not an investment.

If you want to take advantage of both the low bullion prices and possibly make money on the rarity of certain Eagles we can purchase older date Half Ounce Gold Eagles or almost any date in the fractional Platinum Eagles without paying the high collector prices.

Do not buy the coins that have already seen the big price movements. There is no room left to make money. Buy coins that don’t have much more premium than bullion coins. That keeps your risk very low and allows you to profit as the collector market picks up steam.

More about this in later emails. Since I was asked about this just yesterday as I was walking with my daughters on the beach, I felt it was worth warning you about.

Please call us before you buy ANY coin that is not simply a bullion type coin. We can look up the REAL prices for you in just a few minutes.

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