Don's Column

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Prices Too High?

Author:
Don Stott
Publish Date:
05/28/2019

“Prices were so low years ago, I’d like to return to them,” might be a current complaint, and about everything, not just gold and silver.  Before we go any further, we must realize that the gold-silver...

Then and Now

Author:
Don Stott
Publish Date:
05/20/2019

“Then,” in this case, really isn’t that far back.  If you speak of “Then” usually, it may be a hundred or hundreds of years ago, and maybe even Biblical times.  Let’s make it, say 87...

Another Bit-Coin

Author:
Don Stott
Publish Date:
05/13/2019

The current craze for cryptic money, such as Bit-Coin and others, which are backed by nothing, and supposedly are free from government interference.  Gold and silver are free from that too, but have historical real...

Evil to be Rich?

Author:
Don Stott
Publish Date:
05/06/2019

The current ‘green’ idea, is to tax the richest for about everything they have, and of course, to be really ‘green,’ we must kill all the cows, airplanes, power plants which burn natural gas, or coal, and...

Stable Money

Author:
Don Stott
Publish Date:
04/29/2019

‘Stability,’ is a simply gorgeous idea, in all fields and endeavors.  A stable building with a stable foundation, a stable marriage, and of course stable money, which brings me to a Journal (Wall Street) piece of...

Fake

Author:
Don Stott
Publish Date:
04/22/2019

There are many types of “Fakes” and “Fakery,” in the world today, and for that matter, throughout history.  I’ve been through fake money many times, which are un-backed paper currencies as seen...

Security

Author:
Don Stott
Publish Date:
04/15/2019

There are many types of security.  Security of your home and car with locks and alarm systems and a ‘Homeowner’s’ insurance policy as examples.  There is, as I mentioned last week, the FDIC which...

The FDIC

Author:
Don Stott
Publish Date:
04/08/2019

There are many companies which sell insurance.  Insurance for your car, home, or any possible liability you may incur.  Insurance companies are rigidly regulated by governments at federal, state and even locally in some...

How Did We Ever Do It?

Author:
Don Stott
Publish Date:
04/01/2019

There was a period in American history, when there was no central bank.  The first one was just after the Revolution, followed by the second one, which lasted till President Jackson vetoed it, after the Congress voted for...

The First Federal Reserve

Author:
Don Stott
Publish Date:
03/25/2019

There was a first, second, and the current Federal Reserve.  The second was called, “The President, Directors, and Company of the Bank of the United States.”  It was chartered by James Madison in 1816, for a...

Morgan & Peace Silver Dollars

Author:
Don Stott
Publish Date:
03/18/2019

The “Morgan” silver dollar contains .7874 oz of pure silver, was minted from 1878 to 1904, and again in 1921.  It’s a beautiful coin, designed by George T. Morgan, a Brit, who was only 30 at the time, but...

Fake China News

Author:
Don Stott
Publish Date:
03/11/2019

The Last thing anyone should do, is invest in a failing institution or in a company denominated in failing currency.  The media is full of the ‘fact’ that China’s exports are down by 20%, but that their...

Pennies

Author:
Don Stott
Publish Date:
03/04/2019

The ‘penny’ originated in AD 790 in Britain, called the ‘Pence” and were a hundredth of a pound, like today’s pennies are a hundredth of a dollar.  “A penny saved is a penny earned,”...

"Seeking Safety..."

Author:
Don Stott
Publish Date:
02/25/2019

“…Investors Buy Up Gold” is the remainder of the headline in Friday’s (2/22) Wall Street Journal.  The following are direct quotes from the six column piece, with no words of mind...

National Bank Note Company

Author:
Don Stott
Publish Date:
02/18/2019

My birthday was yesterday 2/17.  I’m now 85 and in virtually perfect health.  I still don’t know why I retired, but I did. __________________________________________________________ The so called...

Paper Money vs. Gold

Author:
Don Stott
Publish Date:
02/11/2019

The first recorded use of paper for money, rather than gold, silver, bronze, copper, iron, and other metals, occurred in China in the thirteenth century.  The then Chinese ruler, Kubla Khan, manufactured paper money from the...

Silver's Outlook

Author:
Don Stott
Publish Date:
02/04/2019

It’s really nice to see silver and gold prices going up steadily of late.  Will they continue?  No one knows, but an article in Bloomberg might give us a hint.  Remember, silver is used in a variety of items...

Pensions

Author:
Don Stott
Publish Date:
01/28/2019

It’s kind of scary, but the top corporate pension plans are underfunded by over $225 billion.  That’s the private sector, and how about various State plans?  Illinois pensions for retired workers is only...

The Wall

Author:
Don Stott
Publish Date:
01/21/2019

First of all, there already is a wall separating Mexico from the U.S.  It is hundreds of miles long, and currently is being repaired where needed.  It may not be high enough to prohibit ladders being raised to cross...

Silver Eagles

Author:
Don Stott
Publish Date:
01/14/2019

It wasn’t until 1986 that the U.S. Mint in West Point New York, was placed into operation, and began producing both Silver and Gold Eagles.  Before that, beginning in 1980, I had gold Maple leafs, but no silver...

 

 

Spot Prices
Gold:   $1,493.18   +2.88
Silver:   $17.45   +0.04
Platinum:   $888.71   +3.01
Palladium:   $1,780.08   +10.08

Updated: Wed Oct 16