Don's Column

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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...

Silver "Bags"

Author:
Don Stott
Publish Date:
01/07/2019

I started brokering precious metals in 1977.  At that time, silver was about $1.50 an ounce, and about all I had to sell, were ‘bags’ of U.S. silver coins, which then, and still do, contain $1,000 face value of...

85%

Author:
Don Stott
Publish Date:
12/31/2018

I always thought the stock market was traded a lot with computers, but I was shocked to see on Fox Business News last week, that 85% of all stock trades are done by computer!  Wow!  Locally, a vice president of J.C....

Safety

Author:
Don Stott
Publish Date:
12/24/2018

First of all, I wish you all, a Merry Christmas and Happy New Year! We all want to be safe.  It is with a desire to be safe, that we have locks on our cars and doors.  We have alarm systems on our homes and cars, and...

I Worked Three Years...

Author:
Don Stott
Publish Date:
12/10/2018

I love “Turner Classic Movies,” and a few days ago, a 1933 film called “Blessed Event” came on, and it was really funny.  It was a take-off of the late Walter Winchell, if any of you are old enough to...

It Had to Happen

Author:
Don Stott
Publish Date:
12/03/2018

It simply had to happen, and it did.  I wore my computer out telling everyone that bit coin was a fraud, worthless, and to please stay away.  I hope you did, because now the bit coin has been faked, and faked...

Impossible

Author:
Don Stott
Publish Date:
11/26/2018

I constantly harp on saving in gold and silver, and it may get a bit boring to you, and I apologize for that.  However, there are some things in life, that are virtually, if not 99.999% impossible to happen.  Things...

2.3%

Author:
Don Stott
Publish Date:
11/19/2018

A Wall Street Journal last week, reported that the Treasury indicates ‘everything is doing as it should, with inflation at 2.3%, which is where we want it.’  If you have a slow leak in a tire, obviously something...

More Dr. Franz Pick

Author:
Don Stott
Publish Date:
11/12/2018

From page 35 of Dr. Pick’s pamphlet, we find some history as well as some advice.  “America’s first currency exchange concerned the old Continental dollar.  The Continental was first issued in 1775,...

 

 

Spot Prices
Gold:   $1,533.00   +5.20
Silver:   $17.56   +0.12
Platinum:   $866.00   +13.20
Palladium:   $1,472.00   +12.70

Updated: Fri Aug 23