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    Gold Moves Higher on a Small Short-Covering Ralley

    Last updated 1 hour 19 minutes ago

    Commentary for Wednesday, Oct 1, 2014 (www.golddealer.com) – Gold closed up $4.10 today at $1214.60 but it saw highs on the day of $1220.00 before the short covering rally lost steam and gold settled for what was on the table.

    Still there was some buzz from China where an official claimed  China needs to accumulate 8500 tons of gold – their official reserves are now at 1054 tons. What the Central Bank of China now holds is not a big deal – the US holds about 8000 tons – but if they accomplished the so-called plan it would make them a much bigger fish.

    From what I can tell China now holds about 1% of their reserves in gold bullion so this dynamic might play well over the longer term - relative to gold’s future pricing. Finally don’t underestimate the encouragement the Chinese government gives to its citizens when it comes to owning physical gold.   

    The Swiss gold referendum is another factor not getting much attention. The public will be able to vote one way or the other in November but the government does not like the idea because it would require the Swiss National Bank to hold 20% of its assets in real gold. Further the Swiss gold position would have to be stored within the country and could not be used or hypothecated.

    The wild card here is that this initiative would require the purchase of 1500 tons of gold over the next 3 years – which is about half of the world’s annual production.

    The pro here is of course safety against the move toward fiat currency – the con is that such a requirement might hinder their financial decisions going forward in the modern world of banking and finance.

    If the referendum passes (unlikely) it could provide an enormous positive edge to the physical market because as advocates understand there really is not as much gold bullion around as most believe. Going further there is some credible evidence that claims on the existing gold exceed what is available and a checks and balance system would expose this fraud.

    At any rate all of this is interesting and adds some element of mystery to the physical gold market. Whether it will eventually push prices through the roof remains to be seen – but the story does have a few interesting Bond elements.

    Silver closed up $0.21 at $17.21. Physical buying has slowed a bit here but there are still plenty of small to mid-size silver bullion buyers.

    Platinum closed down $10.00 at $1290.00 and palladium was up $9.00 at $784. Rhodium remained unchanged at $1290.00. I still like trading gold for platinum but this action has fallen off of late and there is absolutely no buzz in the PGM metals complex.

    This is our usual Wednesday report which covers the movement of all Exchange Traded Funds – this is a handy gage to get a feel of another physical market alternative.

    Gold Exchange Traded Funds: Total as of 9-24-14 was 54,108,581. That number this week (10-01-14) was 53,891,667 ounces so over the last week we dropped 216,914 ounces of gold.

    It might also be interesting to note that in 2013 the record high for all gold ETF’s was 85,112,855 ounces. In 2014 a new record low was set today 53,891,667 ounces.

    All Silver Exchange Traded Funds: Total as of 9-24-14 was 638,441,602. That number this week (10-01-14) was 645,340,316 ounces so over the last week we gained 6,898,714 ounces of silver. 

    All Platinum Exchange Traded Funds: Total as of 9-24-14 was 2,746,070 ounces. That number this week (10-01-14) was 2,750,397 ounces so over the last week we gained 4,327 ounces of platinum.

    All Palladium Exchange Traded Funds: Total as of 9-24-14 was 2,924,712 ounces. That number this week (10-01-14) was 2,923,850 ounces so over the last week we dropped 862 ounces of palladium. 

    If you are wondering about “where do we go from here” relative to the price of gold the 5 day gold chart should be worth a peek. Why 5 days? The answer being that anyone can tell you technically the bears have been in charge since October 1st when gold was trading at $1336.00. From this point onward it was bad news as the short players mercilessly pushed gold lower. The “safe-haven” vote was lost – the stronger dollar was relentless – the improving US economy assured traders that quantitative easing would be history in October – and many traditional physical buyers were simply waiting for better prices. 

    But for a more precise look narrow the picture to the previous 5 days and you will find two factors which might provide clues. First this general downward trend did find some traction at the $1215.00 level – actually flattening out the trend. Was this the bottom? No but the short players did cover their short positions and took additional profits.

    Now some traders might say that at this point gold was oversold – and more than a few considered the notion that the dollar might give up ground – at least providing some respect for gold.

    But Europe, already economically faulty, assured everyone that a weaker euro was in the cards. I think this along with the lack of any gold investor buzz reinforced the notion that shorting gold was the trade de jour.

    I predicted a snap-back which would push the price of gold higher as caution prevailed and the short trade covered their bets - but this has not happened - even in light of an anticipated better buying season from India.

    So back to my original question – as gold broke down at $1215.00 the next stop to lower pricing would be $1205.00, a 9 month low. As of this writing we have bounced off that number 3 times – something which normally would create some fear in the short trade.

    And the notion that gold finished the trading day up $4.10 at $1214.60 is not the snap back I was looking for – but it does demonstrate short traders have not lost their minds.

    Still positive gold sentiment is lacking and the bears continue to hold a strong hand. Across the counter we are now seeing some rather large gold bullion sellers so whether $1200.00 will hold remains to be seen.

    This is curious because things are not all that good. The Consumer Confidence Index turned weak for September coming in at 86.0. The August revised reading was 93.4.

    And the Chicago Purchasing Index dropped 3.8 points in September to 60.5. Still anything above 50 would suggest a buildup in inventory supposedly getting ready for strong consumer sales – a wrinkle in my mind because where are the people getting the money in this jobless recovery? It appears to me that the middle class wage earner has not participated in the “all boats rising theory”.

    This from Nouriel Roubibi (Kitco) – Market’s Rational Complacency - “NEW YORK – An increasingly obvious paradox has emerged in global financial markets this year. Though geopolitical risks – the Russia-Ukraine conflict, the rise of the Islamic State and growing turmoil across the Middle East, China’s territorial disputes with its neighbors, and now mass protests in Hong Kong and the risk of a crackdown – have multiplied, markets have remained buoyant, if not downright bubbly.

    Indeed, oil prices have been falling, not rising. Global stock markets have, overall, reached new highs. And credit markets show low spreads, while long-term bond yields have fallen in most advanced economies.

    Yes, financial markets in troubled countries – for example, Russia’s currency, equity, and bond markets – have been negatively affected. But the more generalized contagion to global financial markets that geopolitical tensions typically engender has failed to materialize.

    Why the indifference? Are investors too complacent, or is their apparent lack of concern rational, given that the actual economic and financial impact of current geopolitical risks – at least so far – has been modest?”

    Deutsche Bank came out this morning and claimed $1200.00 is not cheap for gold – it could go lower. They are right in that it could go lower but I disagree with their basic premise and this is a matter of selling the sizzle.

    Gold is cheap no matter how you look at it relative to the gigantic increase in the money supply. So let me reiterate – the physical gold market looks cheap at this level – whether the American investor has the sand to take advantage of lower prices is another matter.

    It does appear some long-term players like China, and others which use gold to offset the risk of a large cash position are taking advantage of the sale.

    This from MineWeb.com (Lawrence Williams) - China gold demand surging again - Latest weekly withdrawal figures from the Shanghai Gold Exchange suggest Chinese demand is near 2013 levels.

    We cannot emphasize more strongly that gold followers should ignore the mainstream media reports, based on Hong Kong gold export figures to mainland China, that Chinese gold demand has plummeted by anything between 30% and 50% this year.  As we pointed out in an article last week, Hong Kong is now no longer the principal port of entry for gold into the Chinese mainland.  When it was still so, gold exports into China were extremely high at the beginning of the year, but since then the Hong Kong figures have tailed off as China effectively opened up gold import routes through other entry points – notably Shanghai and Beijing , resulting in the Hong Kong net gold exports falling back month by month from a peak of 111 tonnes in February to a mere 21 tonnes in August.  This is thus no longer an indicator of overall Chinese gold demand.

    That this does not represent the overall Chinese picture is apparent from the withdrawals of physical gold from the Shanghai Gold Exchange (SGE).  True these withdrawals are also down this year suggesting a more gradual slowdown in Chinese demand, NOT a precipitous fall as suggested by the mainstream media.  However, recently SGE gold withdrawal figures have been particularly strong again – a fact apparently ignored by most gold commentators.  Indeed the past four weeks’ withdrawals from the SGE have totalled over 170 tonnes – this suggests an annual rate of over 2,200 tonnes although weaker figures from March up until August will mean this level will not be reached for the 2014 calendar year, but it may well get much closer to last year’s 2,197 tonnes withdrawn from the SGE than previously estimated.  We would suggest that this year’s figure may well get close to 2,000 tonnes given the lower gold price has been stimulating demand at a time of year when it is traditionally strong anyway.  We can thus anticipate continuing demand at high levels and China maintaining its place as the world’s largest gold importer – even disregarding the assumed-probable additional gold imports to swell the country’s gold reserves.

    For SGE withdrawal figures we look at those reported by the excellent Koos Jansen who seems to be about the only gold analyst who monitors these on a week by week basis.  And significantly his figures for the latest week of withdrawals from SGE published by the Exchange show that just over  50 tonnes of gold were withdrawn in week 38 (Sept 15-19), the latest for which figures are available and that thus gold demand in China is currently accelerating again.

    With Indian demand also reported as strengthening substantially with the festival /wedding season now upon us/approaching, and reports of some substantial purchases of bullion by the ‘super rich’ to protect against any significant stock market downturn and  continuing turmoil in Ukraine, the Middle East and North Africa, the current weakness in the gold price does not seem justified.  This would suggest that the main depressor of the gold price of late has been U.S. dollar strength adversely impacting the dollar price of gold, although the downturn has not been quite so severe in some other currencies.

    The walk-in cash business was back to average today – really unexpected – I thought the action would be crazy today. The phones were also just average. But a look at the activity scale will show the volume numbers over the past week remain strong.

    The GoldDealer.com Unscientific Activity Scale is a “6” for Wednesday. The CNI Activity Scale takes into consideration volume and the hedge book: (last Wednesday – 5) (last Thursday - 5) (last Friday – 5) (Monday – 5) (Tuesday – 6). The scale (1 through 10) is a reliable way to understand our volume numbers. The Activity Scale is weighted and is not necessarily real time – meaning we could be very busy and see a low number – or be very slow and see a high number. This is true because of the way our computer runs what we call the “book”. Our “activity” is better understood from a wider point of view – perhaps a week or two. If the numbers are generally increasing – it would indicate things are busier – decreasing numbers over a longer period would indicate volume is moving lower.  

    Email confirmation using a PDF File when buying or selling is functional. It also includes the various forms of payment and includes bank wire instructions. And you can now see your actual invoice or purchase order on your computer screen.

    When you buy or sell please check to see if we have your current email on file and that your computer will accept our email (no spam).

    About shipping information – when buying or selling your rep will walk you through your current mailing information. Thanks for keeping us up to date if you have moved.

    Our four flat screens downstairs with live independent pricing (BullionDesk.com) are a big hit with the cash trade. Live pricing moves all the buy/sell product prices on a real time basis. Yes - you can visit the store with cash and walk away with your product. Or you can bring product to the store and walk away with cash. When buying from us remember if you exceed $10,000 in cash (the real green kind) a Federal Form is necessary.

    In addition to our freshly ground organic coffee offered visitors throughout the day we have added cold bottled water, and cokes. We have also added fresh fruit in a transparent attempt to disguise our regular junk food habits.

    Like us on Facebook and follow us on Twitter @CNI_golddealer.

    Thanks for reading - your friends at GoldDealer.com. Enjoy your evening and we appreciate your business. 

    Disclaimer – The content in this newsletter and on the GoldDealer.com website is provided for informational purposes only and our employees are not registered financial advisers. The precious metals and rare coin market is random and highly volatile so it may not be suitable for some individuals. We suggest before deciding on a course of action that you talk with an independent financial professional. While due care has been exercised in development and dissemination of our web site, the Almost Famous Gold Newsletter, or other promotional material, there is no guarantee of correctness so this corporation and its employees shall be held harmless in all cases. GoldDealer.com (California Numismatic Investments, Inc.) and its employees do not render legal, tax, or investment advice.

    Gold Continues Weak Against a Strong Dollar

    Last updated 1 day 2 hours ago

    Commentary for Tuesday, Sept 30, 2014 (www.golddealer.com) – Gold closed down $7.00 today at $1210.50 and in early trading touched $1205.00 before finding short-covering support.

    The gold story remains the same – it’s all about a stronger dollar and weaker oil. The Dollar Index has moved in the past 5 trading days from roughly 84 to roughly 86 – encouraged by better US economic numbers and a continued weak euro. WTI Crude this last quarter has been equally unfriendly to gold moving from $105.00 a barrel to $90.00 a barrel.

    How long this unlikely contango will last is difficult to guess – especially because real commentators believe interest rates will rise as the Federal Reserve backs away from its long standing quantitative easing program. One thing is for sure – prices are getting cheaper and the physical trade is beginning to place their bets.   

    Today both the physical cash trade and phones were busy all day – with buyers outnumbering sellers by about 10 to 1.

    Silver really broke to the downside today off $0.51 at $17.00 – but actually traded as low as $16.85 before finding its feet. This is a carefully orchestrated market – really – the Exchange Traded Funds are at all-time highs – the physical market is very active and seeing mostly buyers yet the paper trade is weak – pushed by short traders and encouraged by a poor technical picture.

    But the silver bargain sign is out - consider the summer 2011 high close was $48.00. And silver last traded for less than $17.00 in late 2010.

    Platinum closed down $9.00 at $1300.00 and palladium was down $14.00 at $775.00. Rhodium closed down $20.00 at $1290.00.  

    This according to Associated Press: US Stocks Decline, Following Drops Overseas – “The market has turned choppy in recent weeks, flipping between solid gains and steep losses. Since hitting a record on Sept. 18, the S&P 500 has slipped 1.7 percent. Coming after a calm summer, the slide has set off a flurry of worried calls to brokerages.


    John Canally, chief economic strategist at LPL Financial in Boston, said many investors think the market has gone too long without a major fall. "I can't tell you how many calls we're getting now asking, 'Is this it? Is this the big one?'" he said.

    One reason for the recent turbulence is that the stock market appears "priced for perfection," McMillan said. It's an increasingly common saying among investors, and it means the S&P 500 is so high that corporate profits and the economy have to keep improving just to sustain current prices. Good news isn't enough.

    "The question is no longer, are we doing well? It's, are we doing even better?" McMillan said. "When you pay for perfection, anything shy of that is a disappointment."

    At current prices, investors are paying $16.69 for every dollar in company earnings, according to data from FactSet. That's 10 percent above the long-term average. "There's a certain amount of faith needed at this level," McMillan said.”

    The above is important to keep in mind – there is now a recurring theme relative to stocks - that being that a correction is in the works. We have touched on this before and believe it may be one of the underlying factors which continue to support gold. Will the stock market flop?

    It’s hard to imagine with all the cheap money out there – but if it did some of the financial outflow would certainly find its way into the gold market. And if the fall is sudden and sharp it could create a rather large pop in the price of gold especially if the traders see gold as oversold. This is not a big chip to play here but something to consider if thinking about gold becomes too negative.

    Gold’s struggle against a stronger dollar will not disappear overnight. The dollar and gold usually move in opposite directions. Watch the unfolding picture in Europe for a snapshot as to what realities gold must face before moving higher on the short term.

    But like I always say don’t jump out the window in the process – the gold market is generally defined by the paper traders and helped along with the physical market. There have been a number of large bankruptcies within the trade over the past year but there are still good – honest bullion dealers to serve you.

    What happens at this point is kind of like what we used to call gas wars in the old days. A real dealer lowers his premiums to attract more customers in a shrinking market.

    Now don’t get me wrong – margins in this business are already razor thin for legitimate dealers. What follows? Everyone simply lowers their premiums also and has another martini – the result? You get better prices which are already trading at the extreme end of the selloff curve – so if you still think gold and silver are worth owning there may not be a better time to get your feet wet.

    This from Associated Press - ECB Under Pressure As Inflation Falls Again - LONDON (AP) — “Inflation across the 18 euro countries dipped further toward zero in September, piling pressure on the European Central Bank to pull the trigger on its biggest stimulus weapon — a large-scale program to create new money.

    Expectations that the bank will back such a program— similar to the one pursued by the U.S. Federal Reserve in recent years — mounted Tuesday after official figures showed consumer prices in the eurozone rose only 0.3 percent in the 12 months to September.

    The decline from the previous month's 0.4 percent annual rate leaves inflation at its lowest since October 2009 and way below the ECB's target of just under 2 percent.

    Though the fall was largely due to a big 2.4 percent drop in energy prices and was widely anticipated in financial markets, a closer look shows a worrying underlying trend — the core inflation rate, which excludes energy, tobacco, alcohol and food, fell to 0.7 percent from 0.9 percent.

    "This is a serious blow to those still arguing that the weakness of inflation will be temporary," said Jennifer McKeown, senior European economist at Capital Economics.

    Traders think it's now more likely that the ECB will back large-scale purchases of government bonds with newly created money — called quantitative easing, or QE — though not at this Thursday's meeting. For now, it is likely to want to see whether other stimulus measures it unveiled in June and in September have an impact.

    Following the inflation figures' publication, the euro was down 0.7 percent on the day at $1.2594, the first time it's been below $1.26 since the summer of 2012, when it started recovering in the wake of comments from ECB President Mario Draghi that the bank would do "whatever it takes" to save the euro.

    Because QE would increase the amount of euros in the economy, expectations of such a stimulus program from the ECB have weighed on the euro. It's down 9 percent against the dollar since May and its further drop on Tuesday suggests traders are preparing for the possibility of QE in coming months.

    Obstacles remain, however.

    Some countries, particularly Germany, Europe's powerhouse economy, are worried that QE would amount to ECB financing for governments. Draghi has also been resisting calls for QE by insisting governments should speed up reforms to make their economies grow faster.

    "I believe he will succumb to this pressure eventually, though perhaps not as soon as Thursday's policy announcement," said Ben Brettell, senior economist at stockbrokers Hargreaves Lansdown. "Stiff opposition from Germany will need to be overcome." The key will be whether economic indicators improve in coming months — if they do not, Draghi has said the ECB is ready to do more to help the economy. The sharp fall in the euro could be a deciding factor as it should help growth by boosting exports and lift inflation by raising the price of imports.

    French Economy Minister Emmanuel Macron said the weakening euro is "very good news" for the country's industries, such as carmakers Renault, PSA Peugeot-Citroen and plane maker Airbus.

    "Until now, it was one of the weaknesses for our competitiveness," he told The Associated Press on the sidelines of a Peugeot-Citroen event Tuesday. "I do trust Mr. Draghi."

    By shoring up economic activity with stimulus measures, the ECB hopes to keep inflation from remaining too low — a growing economy can drive up wages as unemployment falls and fuel inflation. Separate figures Tuesday showed that unemployment in the eurozone was unchanged in August at a still sky-high 11.5 percent with huge discrepancies across the region — while Germany has a low unemployment rate of 4.9 percent, Spain's stands at 24.5 percent.

    The ECB, like all other central banks, would rather see a modest inflation rate than a very low one. A particular concern would be a sustained period of falling prices — so-called deflation can make consumers delay purchases as they anticipate lower prices and make businesses reluctant to invest. Japan is the most recent example of a major economy in the grip of deflation — two decades on, the world's third-largest economy is still struggling to emerge from its period of stasis.”

    I have always been interested in an estimate of the illegal gold trade in India. I read Casey Research on a regular basis – always good and he cites the hindustantimes (Manish Pachouly) – 50 Tonnes of Gold Smuggled into India in 10 Days - About 50 tonne gold has been smuggled into the country in the past 10 days, and subsequently pushed into the market to cater to a surge in demand for the precious metal in the festive season. There is a heavy demand for gold during Dussehra, for which booking and supply will start from Thursday, when shradh ends and Navratri starts.

    Market sources said that 30% of the smuggled gold has been supplied in Mumbai to unscrupulous jewellers, while the rest was distributed to different parts of the country.

    Sources said that illegal gold is finding a place in the market because of below average import resulting from the 80:20 scheme and 10% import duty. Against the average monthly demand of 80 tonne, the import is presently around 51 tonne in the country.

    Sources said that gold was smuggled into the country through the land route, via Nepal, Bhutan, Bangladesh and Pakistan. “This is because airports have tightened security, restricting the smuggling of gold by the air route,” said a market expert. The Mumbai airport customs, which has started a serious crackdown on gold smugglers, has seized around 529 kg gold from April to August this financial year.

    Experts fear that more gold will be smuggled from similar land routes in days to come, as the demand will shoot up once the marriage season begins, in the later part of November. “There will be huge demand because of the festive season, and also the low price at which gold is presently being traded,” said Kumar Jain, vice-president of Mumbai Jewellers’ Association.

    Jain said, “The government should immediately bring down the import duty and relax the 80:20 scheme, so that official import goes up. That will bring down the smuggling.”

    Rajiv Popley, director Popley Group, said, “Smuggling of gold has been on the rise for the last eight months, due to irrational supply issues. The officially available gold was at a premium, which was higher than anywhere else in the world.”

    Popley said that the demand for gold is increasing with the onset of festivities. “Both Dussehra and Diwali are auspicious festivities to invest in gold,” he said.

    What is the 80:20 scheme
    * The Reserve Bank of India made it mandatory, in July 2013, for each importer to export 20% of gold that was imported into the country

    * According to these norms, importers could bring more gold into the country only after this 20% was released to exporters

    * The RBI move was an attempt to restrict gold imports, which were thought to be the biggest contributor to the widening current account deficit
     
    Gold import:
    960 tonne - average annual import in good market conditions
    Import in 2014-2015 (April to August) – 257 tonne
    Import in 2013-2014 – 563.4 tonne
    Import in 2012-2013 – 845 tonne
     
    80 tonne - average monthly import in good market conditions
    51 tonne - average monthly import at present
     
    Rise in import duty:
    * Raised to 2% from the earlier Rs300 for 10 grams in January 2012
    * Raised from 2% to 4% in March 2012
    * Raised from 6% to 8% in June 2013
    * Raised from 8% to 10% in August 2013

    The walk-in cash business was hot today and the phones were also busy. The public always likes cheap and we are approaching very cheap – consider yesterday’s comment that most traders believe gold is now oversold so expect a pop to the upside as the shorts cover.

    The GoldDealer.com Unscientific Activity Scale is a “6” for Tuesday. The CNI Activity Scale takes into consideration volume and the hedge book: (last Wednesday – 5) (last Thursday - 5) (last Friday – 5) (Monday – 5). The scale (1 through 10) is a reliable way to understand our volume numbers. The Activity Scale is weighted and is not necessarily real time – meaning we could be very busy and see a low number – or be very slow and see a high number. This is true because of the way our computer runs what we call the “book”. Our “activity” is better understood from a wider point of view – perhaps a week or two. If the numbers are generally increasing – it would indicate things are busier – decreasing numbers over a longer period would indicate volume is moving lower.

    Email confirmation using a PDF File when buying or selling is functional. It also includes the various forms of payment and includes bank wire instructions. And you can now see your actual invoice or purchase order on your computer screen.

    When you buy or sell please check to see if we have your current email on file and that your computer will accept our email (no spam).

    About shipping information – when buying or selling your rep will walk you through your current mailing information. Thanks for keeping us up to date if you have moved.

    Our four flat screens downstairs with live independent pricing (BullionDesk.com) are a big hit with the cash trade. Live pricing moves all the buy/sell product prices on a real time basis. Yes - you can visit the store with cash and walk away with your product. Or you can bring product to the store and walk away with cash. When buying from us remember if you exceed $10,000 in cash (the real green kind) a Federal Form is necessary.

    In addition to our freshly ground organic coffee offered visitors throughout the day we have added cold bottled water, cokes and Snapple. We have also added fresh fruit in a transparent attempt to disguise our regular junk food habits.

    Like us on Facebook and follow us on Twitter @CNI_golddealer.

    Thanks for reading from your friends at GoldDealer.com and enjoy your evening.

    Disclaimer – The content in this newsletter and on the GoldDealer.com website is provided for informational purposes only and our employees are not registered financial advisers. The precious metals and rare coin market is random and highly volatile so it may not be suitable for some individuals. We suggest before deciding on a course of action that you talk with an independent financial professional. While due care has been exercised in development and dissemination of our web site, the Almost Famous Gold Newsletter, or other promotional material, there is no guarantee of correctness so this corporation and its employees shall be held harmless in all cases. GoldDealer.com (California Numismatic Investments, Inc.) and its employees do not render legal, tax, or investment advice.

    The Rarest United States Coins

    Last updated 1 day 7 hours ago

    For more than two centuries, the United States government has minted and distributed coins of various denominations for use as fiat currency. For a variety of reasons, many of these coins are worth far more today than the values engraved on them would suggest. Below is a look at a handful of the rarest and most valuable U.S. coins in existence.

    Steel War Penny
    As demand for copper-based ammunition rose sharply during World War II, the U.S. Mint turned to steel for the production of pennies. While not as rare as some of the other numismatic coins on this list, the steel cent is still quite valuable.

    Liberty Head Nickel
    The Liberty Head Nickel was struck by a U.S. Mint employee without authorization from the federal government. The coin, which features Lady Liberty’s head on the front and the Roman numeral V on the backside, is worth millions of dollars. Of the five Liberty Head nickels known to be in existence, two can be found in museums and the other three are held by private collectors.

    Twenty Cent Coin
    Produced in 1875 and 1876, this rare coin was discontinued because it was too easily confused with the quarter. Today, this smooth-edged coin is rarely put up for sale.

    1804 Silver Dollar
    Once gifted to Asia’s most influential rulers in order to procure trade concessions, 1804 silver dollars are worth a fortune today. Get your hands on one and you might as well be royalty.

    Double Eagle
    In 1933, $20 was quite a bit of money. Even when adjusted for inflation however, the Double Eagle $20 gold coin is worth thousands more today than it was when it was minted. If put up for sale, one of these gold coins would likely fetch more than $7 million.

    Are you a coin collector who is looking to add certified rare coins to your collection? An authorized PCGS and NGC coin dealer, California Numismatic Investments has an extensive inventory of gold bullion, silver dollars, and other rare coins. To speak with a knowledgeable coin dealer about a purchase you want to make or how our transaction process works, call us toll-free at (888) 612-2679.

    Gold Higher as the Dollar Pared Gains

    Last updated 2 days 1 hour ago

    Commentary for Monday, Sept 29, 2014 (www.golddealer.com) – Gold closed up $3.40 at $1217.50 probably because investors are growing leery of the jobs numbers due out later this week. Pending home sales were down and consumer spending flat – so mixed signals regarding the US economy.

    The problem with this whole kettle of fish is that the media can’t make up its mind what is happening – Friday and over the weekend everyone was getting out the party hats relative to a recovering US economy. The dollar was monstrous – QE was ending – and everything was just OK in River City.

    Monday investors turned cautious – the dollar lost a bit of steam and gold moved higher. It is not that Wall Street does not know what is going to happen – the Fed is taking away the punch bowl in October.

    This is depressing to gold – but the real question is what will happen once the financial largess is withdrawn? There are already some signs of rising interest rates – this coupled with that uncertain press I talked about defines the problem. Uncertainty - and that is supporting gold for now – whether we seriously test $1200.00 or call the bottom remains to be seen.

    Conservative factions within the gold bullion market are fearful because the technical picture leaves something to be desired – but large physical players have made amazing financial commitments leading the way to new CBOT storage facilities. They are not building out because they think the market will not recover.

    The big game changer is of course the return of inflation. Anything which is steady and above 3% will get plenty of attention and we will be back to the races – but some believe the hole we have dug is much bigger than most believe and don’t expect this number to rise before 2016.

    Silver closed up $0.03 at $17.51 and EFT holdings of silver bullion have hit a new high (640 million ounces). I looked at a few averages on our inventory computers and found a few interesting things: first we are going through our inventory at about twice the normal rate and second – even with all the new silver bullion products the good old 1 oz silver round is king.   

    If you are a committed silver bullion investor study the US Mint production levels of this popular bullion coin over the past decade. Of course the famous US Silver Eagle has been in production since 1986 and one of the most popular Monster Box choices these days – but production numbers are very telling especially when you consider silver is now trading in the $18.00 range.

    The US Mint claims there is no problem with sourcing raw silver for making the silver coin blanks used in the production of the US Silver Eagle 1 oz – this is true and most of the trade concedes that any slowdown in delivering the finished product is a function of coin blank production and not silver supply.

    Yearly Silver Eagle Mintage 1 Oz

    2014 - 31,161,000 (through September)

    2013 - 42,675,000 coins

    2012 - 33,742,500 coins

    2011 - 39,868,500 coins

    2010 - 34,764,500 coins

    2009 - 30,459,000 coins

    2008 - 20,583,000 coins

    2007 - 9,028,036 coins

    2006 - 10,676,522 coins

    2005 - 8,891,025 coins

    2004 - 8,882,754 coins

    2003 - 8,495,008 coins

    But look closely at published production numbers this past decade. Coming up on either side of 2004 the US Mint was selling about 8 million coins a year. And then the numbers jumped steadily each year into what is typical today - about 30 to 40 million coins per year – an increase in production of 500%!

    We at GoldDealer.com – and this is true of most large bullion dealers - are primarily sellers of US Silver Eagles 1 oz Monster Boxes – the number we buy back from the public is much smaller than the number going into the hands of committed investors. This should tell you that the physical demand for this silver bullion product is rock solid and even with a considerable drop in prices the public is not selling. 

    Investor demand for this silver bullion product has increased 5 fold over the past decade and continues strong today.

    A decade ago - silver bullion traded in the $4.00/$5.00 range moving steady higher and eventually topping off around $50.00 in 2011. It then traded steadily lower arriving at today’s $18.00 to $20.00 trading range. So technically this market has consolidated around the 50% mark – and most commentators agree – shortages remain and we are now selling product at under what it takes to mine it out of the ground. 

    If you are a complete cynic disregard the amazing $50.00 pop in prices and only consider the lower end of its current trading range ($20.00) the price of silver has moved up nearly 4 fold during this time – at the same time production was going through the roof. Anyone who thinks long term silver investment is waning should consider these statistics.

    Platinum closed up $7.00 at $1309.00 and palladium was also higher – up $6.00 at $789.00. Rhodium closed down $15.00 at $1310.00.   

    This from FXEmpire – World Gold Council Market Analysis A Bit Misleading - Gold continues trading on the weak side as 1218.00 as the new week kicks off. Silver is not far behind at 17.485 trading in the green at the end of the week. The precious metals diverged on Friday after US data signaled a strong economic recovery. Silver was well supported on its base metal side. While the third precious metal platinum took a pill falling to a 15 month low against the strong US dollar. Gross domestic product rose at a 4.6 percent annualized rate, compared with an earlier estimate of 4.2 percent, government data showed today. The latest figure matched the median forecast in a Bloomberg survey of economists. Traders were expecting a drop in GDP after the OECD earlier in the month reduced its forecast for US growth in 2014. A measure of inflation, which is tied to consumer spending and strips out food and energy costs, climbed at a 2 percent annualized pace. Last week gold touched an eight-month low.

    Investor’s interest in precious metals continued to decline this week. Holdings in exchange-traded products backed by platinum are at a four-month low after expanding to a record in July. Gold and silver also fell this week.

    The World Gold Council is out pushing its new report that shows increased demand for gold will continue to expand even though the economic crisis and political turmoil is behind saying that gold is no longer just for safe havens. The report fails to mention that most gold buying will be for jewelry as personal consumption of precious metals has been at an all-time low during the financial crisis and that pent up demand for gold in gifts and jewelry will come from increased incomes and consumer confidence, but this increase in purchases will be short term. The new analysis,” says the Council, presenting Professor Persaud’s findings, “shows that a 1% increase in GDP lifted jewellery consumption by an average of 5%, all else equal.” Because “gold jewelry is what economists refer to as a ‘superior’ good,” says Persaud, “where demand increases proportionally more than income.” The same 5:1 relationship applies to electronics demand compared to GDP growth, too.

    Although gold investment demand is “much smaller” than jewelry buying, however, “shifts in investment demand can be large and play a critical swing role in the market,” Persaud cautions. Gold investment, agrees the World Gold Council’s commentary, “can exert strong pressure on prices over the short (and potentially medium) term.

    This is from Ronan Manly and Mark O’Byrne (GoldCore) - Death Of 'Safe Haven' Gold Greatly Exaggerated – “In September 2008, during the financial crisis, the gold price rose $50 in one day, September 18, as investors sought refuge in the one asset that they perceived to be a safe-haven of high liquidity and high credit quality. This one day move in September 2008 was the largest one day move since February 1980.

    Back in late 1979 and early 1980, some of the key drivers that propelled the gold price higher were the Russian invasion of Afghanistan and the Iranian hostage crisis. Just looking back at old newspaper gold market commentaries in 1979 and 1980 will highlight that a lot of the key drivers for the rise in the gold price at that time were geo-politically related.

    Today, the world appears to be as uncertain if not more uncertain. Indeed, in 1980 there was little risk of terrorism - state sponsored or otherwise.

    In the late 1970s and early 1980s, the gold futures markets did not have nearly as large an impact on the world gold price as they does now, and the gold price was primarily driven by physical demand for gold, a lot of which was Middle Eastern and Asian demand.

    The concept of unallocated gold accounts in the London market was in its infancy and was only being discussed by the five gold fixing bullion banks as a security issue in not having to move gold shipments around London so often. The practice of having unallocated gold not fully backed by allocated gold was not encouraged at that time.

    Fast forward to today, and the 'flight to quality' and 'financial insurance' characteristics of gold should in theory be as important now as they were in 1979-1980 given similar invasions and occupations in various countries, not least in the Middle East with ISIS, and the renewed bombing in Syria/Iraq by the US and/or a US coalition.

    Coupled with these worsening geopolitical developments, global macro economic risks remain elevated, with official interest rates at historically low levels, continued central bank balance sheet expansion through quantitative easing programs, and continued fiat currency debasement in the US dollar, Euro and other reserve currencies.

    Inflationary risks therefore remain at the forefront. But at the same time, the gold price barometer is not signaling these inflationary risks either. The key driver of the gold price at the moment is perceived to be the relative strength of the US dollar, yet the US dollar is only stronger compared to the other main currencies because these currencies, such as the Euro, are weak due to their economies remaining weak and their money supplies having been debased.

    The economic recovery in the US is tentative at best. With the current weakness in the gold price, there is a growing cacophony that the safe haven qualities of gold are no longer relevant. Indeed, some in the financial markets are saying that the current gold bull market is dead.

    It would appear to us that the factors that would make gold a safe-haven asset have not gone away. In fact these factors are strengthening, as described above. The only rational explanation appears to be that gold remains an investment safe-haven as it has always done, but that this is not yet being recognized by the price discovery process in the market.

    Adding in the fact that there is a continued disconnect between, on the one hand, the global physical gold market primarily driven out of China and India, and on the other hand, the New York gold futures market and unallocated London bullion market on the other hand, then this disconnect should not be expected to persist over the medium term. This is especially the case given the heightened geopolitical and macroeconomic risks.

    With the gold price not yet signaling the geopolitical and macroeconomic alarm bells that many would have expected it to, the question of gold price manipulation remains a valid question. Recent gold price manipulation by an investment bank for commercial reasons has been established in the case of the successful prosecution against Barclays by the FCA regulator.

    For strategic reasons, central banks do not welcome a disorderly increase in the gold price because it makes their fiat currencies look vulnerable and adds to inflationary expectations. It is therefore not unrealistic to think that some of the current gold price weakness may be related to nonpublic gold market interventions by some of the world's central banks such as the Federal Reserve and the ECB, perhaps under the auspices of the Bank for International Settlements (BIS).

    There is plenty of documentary evidence to suggest that the G10 central banks have historically discussed the gold price during their regular meetings and they also are very cautious on allowing more recent document releases through freedom of information requests.

    For different reasons, the Chinese government welcomes a low gold price since it allows China to continue to accumulate gold in large quantities. Even if this accumulation of gold by China is being done for other reasons, it does act as a way of hedging China's exposure to its vast holdings of US dollar denominated Treasuries. Time will tell if this has been China's strategy.   

    Most markets these days are being manipulated. Therefore it seems very possibly that the gold and silver markets are too. This could be one of the factors in the precious metals surprisingly poor performance in recent weeks despite significant geopolitical and indeed economic uncertainty.

    The Middle East is a powder keg that seems likely to explode. The U.S. and western nations have taken a hard stance against an increasingly powerful Russia. This is effecting an already fragile Eurozone and other economies. Brinkmanship and a failure of diplomacy has brought the world close to a serious military conflict.

    Gold has protected wealth throughout history from financial crises and war. We believe it will continue to do so in the coming years

    It is very likely that tensions will lead to safe haven demand for gold and higher prices. An economic war has broken out between major world powers and the historical record shows that sanctions and protectionism tend to lead to military confrontation and war. Everybody should own some physical gold as a hedge and a safe haven asset to protect against the significant risks challenging us today which include bail-ins, currency wars, terrorism and war.

    The contention therefore is that, for now, the death of safe haven gold has been greatly exaggerated. Gold is a hedging instrument and a safe haven asset as seen in history and much academic research in recent years. That is not apparent in recent weeks but we believe it will be in the medium and long term.”

    The walk-in cash business was steady – no waiting but busy enough to keep everyone running downstairs. The phones were also relatively busy – look at the Activity Scale over the past week – the number 5 appears often – that is a solid average.  

    The GoldDealer.com Unscientific Activity Scale is a “5” for Monday. The CNI Activity Scale takes into consideration volume and the hedge book: (last Tuesday – 5) (last Wednesday – 5) (last Thursday - 5) (last Friday – 5). The scale (1 through 10) is a reliable way to understand our volume numbers. The Activity Scale is weighted and is not necessarily real time – meaning we could be very busy and see a low number – or be very slow and see a high number. This is true because of the way our computer runs what we call the “book”. Our “activity” is better understood from a wider point of view – perhaps a week or two. If the numbers are generally increasing – it would indicate things are busier – decreasing numbers over a longer period would indicate volume is moving lower.  

    Email confirmation using a PDF File when buying or selling is functional. It also includes the various forms of payment and includes bank wire instructions. And you can now see your actual invoice or purchase order on your computer screen.

    When you buy or sell please check to see if we have your current email on file and that your computer will accept our email (no spam).

    About shipping information – when buying or selling your rep will walk you through your current mailing information. Thanks for keeping us up to date if you have moved.

    Our four flat screens downstairs with live independent pricing (BullionDesk.com) are a big hit with the cash trade. Live pricing moves all the buy/sell product prices on a real time basis. Yes - you can visit the store with cash and walk away with your product. Or you can bring product to the store and walk away with cash. When buying from us remember if you exceed $10,000 in cash (the real green kind) a Federal Form is necessary.

    In addition to our freshly ground organic coffee offered visitors throughout the day we have added cold bottled water, cokes and Snapple. We have also added fresh fruit in a transparent attempt to disguise our regular junk food habits.

    Like us on Facebook and follow us on Twitter @CNI_golddealer.

    Thanks for reading from your friends at GoldDealer.com and enjoy your evening.

    Disclaimer – The content in this newsletter and on the GoldDealer.com website is provided for informational purposes only and our employees are not registered financial advisers. The precious metals and rare coin market is random and highly volatile so it may not be suitable for some individuals. We suggest before deciding on a course of action that you talk with an independent financial professional. While due care has been exercised in development and dissemination of our web site, the Almost Famous Gold Newsletter, or other promotional material, there is no guarantee of correctness so this corporation and its employees shall be held harmless in all cases. GoldDealer.com (California Numismatic Investments, Inc.) and its employees do not render legal, tax, or investment advice.

    Gold Flattens Out But Still Weak - Holding the $1200.00 Level

    Last updated 5 days ago

    Commentary for Friday, Sept 26, 2014 (www.golddealer.com) – Gold closed down $7.10 at $1214.10 today so the gold mood is still negative. We continue to whipsaw back and forth around the important $1200.00 mark - this should continue into next week.

    The dollar continues to rule – The Dollar Index is at 85.65 which makes for the 11th straight week of dollar gains – and the daily chart looks like a solid bet for higher ground.

    Looking at the bigger picture however the price of gold on the week – down $1.00 - amazing really considering the strength of the dollar – the absence of any “war premium” which under normal circumstances would be worth $50.00 to the upside and the end of our quantitative easing program – probably in October.

    And to add insult to gold injury the EU is figuring new ways to roll out the printing press – pushing the euro lower and subsequently reinforcing the upward trend in the dollar. The Ukrainian situation has all but disappeared but problems with the Russians and their sanctions are likely to help push the European economy into an even weaker position. Germany is a European powerhouse and her business activity is at 17 month lows. Jeez – what a picture.

    But gold is like the Little Engine That Could and given enough time will push through this wall of pessimism - but probably not soon enough to make everyone happy.  

    Silver closed up $0.10 at $17.48 and with yesterday’s action I thought today would present a much bigger buying picture. A bit quiet here – perhaps volume sales will push higher next week considering that anything below $18.00 has recently been considered cheap.

    Platinum closed down $12.00 at $1302.00 and palladium was lower by $19.00 at $783.00. Rhodium closed down $10.00 into the weekend at $1325.00.

    Precious Metal Closes for this week – Sept 22 through Sept 26 – 2014

                Gold                Silver              Platinum         Palladium

    Mon    $1216.80         $17.70             $1330.00         $803.00

    Tues    $1221.00         $17.71             $1332.00         $815.00

    Wed    $1218.00         $17.64             $1319.00         $819.00

    Thurs  $1221.20         $17.38             $1314.00         $802.00

    Fri       $1214.10         $17.48             $1302.00         $783.00

    Our Patented Employee and Customer Survey - Gold's Direction Next Week?

    This is what the GoldDealer.com employees think – 8 believe gold will be higher next week – 4 think gold will be lower and 0 believe it will be unchanged.

    Also consider a survey on what our customers think about the gold market next week.

    Like the employees they were given three choices – up – down – unchanged. We limited the survey to a random sampling of 100 customers – unscientific yes but worth considering because these people actually took action: 70 people thought the price of gold would increase next week – 20 believe the price of gold will decrease next week and 10 think prices will remain the same.

    It is not often that true gold believers get much press these days. When the gold market was hot and rising prices supported such talk positive outlooks for gold were all over the place. But with the current speculative money tied up in stocks and the dollar making new highs the real value of gold bullion has been moved to the back shelf.

    So is this the time that real thinkers push through the nonsense that the gold bull has been turned out to pasture? I think the case for owning gold bullion is most needed during these trying times. Consider the following – expressed in the extreme by Jay Taylor Media – Why Gold Price Discovery Must Be Denied by the Ruling Elite. Wow – this is the kind of opinion that this market needs – especially because we are at the low end of a trading range which presents value for the long term.  

    “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

    “This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.” (Alan Greenspan, as published in Ayn Rand’s “Objectivist” newsletter in 1966, and reprinted in her book, Capitalism: The Unknown Ideal, in 1967.)

    Subscribers to this letter should by now take it as a “given” that the daily price quoted for gold (and silver for that matter) is a highly manipulated price that distorts the real price of gold. The “rigging” of the gold price in New York and London is accomplished by a handful of major bullion banks “that just happen to be” the biggest shareholders of the Federal Reserve Bank. As such they have access to limitless newly created dollars that they can use to smash down the gold price in highly leveraged futures contracts.

    It is a fact that only about 1% of the London and New York futures contacts are actually settled with physical delivery of gold. Most of the long- and short-term contracts are simply cancelled out, with the holders simply selling their contracts prior to the contract expiration date. These dirty rascals hit the markets not only during active trading hours but also most dramatically in the thinly traded hours before the Asian markets open. As such it only takes these monster financiers a very small amount of financial resource for them to smack down the price of gold exactly when it would otherwise rise in value, whether due to geopolitical hostilities or our growing financial pathology.

    For all those who naively believe markets are always in equilibrium, they should be aware of the dastardly work of Edward Bernays, the nephew of Sigmund Freud, whose propaganda was used by Hitler’s Joseph Goebbels and now on an ongoing basis by our own government as well as by the bankers and military industrial establishment that own the American government. They use mass propaganda to shape truth into lies and lies into truth by stating the same falsehoods over and over again to generate “groupthink.” So whether it is a matter of blaming Putin for hostilities in the Ukraine after the U.S. clandestinely overthrew the elected leader of that nation or of accepting the lies of our highly esteemed ruling elite from Princeton, Harvard, and Yale that gold is a barbaric relic, the establishment is constantly convincing the masses that truths are falsehoods and falsehoods are truth.

    Two examples of Bernays’ dastardly, satanic work were the following: Early in the 20th century, he convinced women that it was fashionable to start smoking “Victory Sticks,” especially those manufactured by Phillip Morris, who paid him for his advertising genius. Another time he was paid by United Fruit to convince the American people that the elected President of Guatemala (Arbenz Guzmán) was a dangerous communist and thus justified the CIA-led coup to overthrow him.

    The most important lie to turn into truth now for the Anglo-American empire is that fiat money, which can be created out of nothing, is better money for you than gold. Before he sold his soul to the satanic forces who are in charge of America and the Western world, Alan Greenspan spoke the truth partly set out above in his 1966 article, “Gold & Economic Freedom.” Even though he went over to “the dark side,” as recently as 2003 he acknowledged to Ron Paul that he still believed what he wrote in that article. As noted above, Greenspan understood that keeping the masses believing a dollar created infinitely out of nothing is better for them than gold if a collectivist, war mongering state is to survive.

    Alan Greenspan quite correctly identified that truth about gold. That truth also illustrates why corrupt governments must use Edward Bernays’ tactics to disinterest people in exchanging dollars for real money—for gold. And so what we have had now for many years is an orchestrated smackdown of the gold price when it “should” rise for the sole purpose of mass anti-gold “group think.” Why is that important? It’s important because if the gold prices started to rise in conjunction with the massive amounts of money being created in this artificial, zero-interest-rate environment, there would be a mass exodus from the dollar, and the post-World War II Anglo-American empire would be toast. Hence the price of gold continues to languish, and that has hurt our investments greatly over the past three years.

    But the continuation of this massive distortion is leading to a deeper and deeper economic pathology. The government can lie about the performance of our economy all it wants but, as with Pinocchio’s nose, each lie requires a bigger and bigger lie to cover up the prior one. Eventually, when the economic situation becomes so bad that the masses can no longer put food on their tables, no amount of false economic statistics and happy talk will do the trick. Eventually truth will prevail and even some of the most deceitful and effective purveyors of the big lie, like Paul Krugman, will be brought to justice in the court of public opinion.

    How close might we be to that point in time? Charles Nenner’s cycle work, which stays away from subjective views on predicting the future, is suggesting that the big turn for gold should take place late this month or in the early days of October. His target date for a bottom in the cycle has been pushed back lately and that bothers me a bit. But can there be any doubt that the days of this current stock market boom, which has taken the minds of Wall Street off of economic truths that reared their ugly heads in 2008-09 are numbered and with that, trust in fiat money, are soon to fail?

    The walk-in cash business was relatively busy today and so were the phones. The Activity Scale has been steady around 5 meaning volume numbers (action) is trending higher. This higher pressure has consisted of a great deal of small to mid-size silver bullion orders and some safe-haven buying relative to gold bullion but no whales have yet shown themselves. We are beginning to see some gold bullion liquidation – not nothing unusual in the way of size.

    The GoldDealer.com Unscientific Activity Scale is a “5” for Friday. The CNI Activity Scale takes into consideration volume and the hedge book: (Monday – 4) (Tuesday – 5) (Wednesday – 5) (Thursday - 5). The scale (1 through 10) is a reliable way to understand our volume numbers.

    The Activity Scale is weighted and is not necessarily real time – meaning we could be very busy and see a low number – or be very slow and see a high number. This is true because of the way our computer runs what we call the “book”. Our “activity” is better understood from a wider point of view – perhaps a week or two. If the numbers are generally increasing – it would indicate things are busier – decreasing numbers may indicate that volume is moving lower.   

    Email confirmation using a PDF File when buying or selling is functional. It also includes the various forms of payment and includes bank wire instructions. And you can now see your actual invoice or purchase order on your computer screen.

    When you buy or sell please check to see if we have your current email on file and that your computer will accept our email (no spam).

    About shipping information – when buying or selling your rep will walk you through your current mailing information. Thanks for keeping us up to date if you have moved.

    Our four flat screens downstairs with live independent pricing (BullionDesk.com) are a big hit with the cash trade. Live pricing moves all the buy/sell product prices on a real time basis. Yes - you can visit the store with cash and walk away with your product. Or you can bring product to the store and walk away with cash. When buying from us remember if you exceed $10,000 in cash (the real green kind) a Federal Form is necessary.

    In addition to our freshly ground organic coffee offered visitors throughout the day we have added cold bottled water, cokes and Snapple. We have also added fresh fruit in a transparent attempt to disguise our regular junk food habits.

    Like us on Facebook and follow us on Twitter @CNI_golddealer.

    Thanks for reading from your friends at GoldDealer.com and enjoy your weekend.

    Disclaimer – The content in this newsletter and on the GoldDealer.com website is provided for informational purposes only and our employees are not registered financial advisers. The precious metals and rare coin market is random and highly volatile so it may not be suitable for some individuals. We suggest before deciding on a course of action that you talk with an independent financial professional. While due care has been exercised in development and dissemination of our web site, the Almost Famous Gold Newsletter, or other promotional material, there is no guarantee of correctness so this corporation and its employees shall be held harmless in all cases. GoldDealer.com (California Numismatic Investments, Inc.) and its employees do not render legal, tax, or investment advice.

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