I get call after call, wondering why the old faithful, one ounce Krugerrand is so much cheaper than the beautiful American Gold Eagle. I have thought of an ideal illustration. The following will explain it all. Let’s assume you go into an auto showroom, and want a new Ford. The sticker price, is the price […]
Y’see, when you get to be as old as I am, you can remember a lot. I grew up in a drug store, because my Dad owned one for 36 years. I also have always had a radio by my bed, and when a youngster, used to “DX” around the country with my NC-100 receiver, […]
This one will be controversial, and I am sorry, but this is MY OPINION ONLY, and I won’t change it. If you disagree, that’s your prerogative. My opinions on anything, are formed by experience, knowledge, and hunches. Also a bit of prejudice, if you please. Let me begin by telling you a story that is […]
Check out the papers. California is $21 billion in the red. All states are in the red. Counties, cities, towns, and even villages are broke. Ford stock hovers around $7, and United Airlines stocks which got almost to $100, now are worth pennies. They’re broke also. Continental Airlines, and all of the others, except those […]
The 61st anniversary of the Jap bombing of Pearl Harbor is Saturday. Fly your flag, and remember the deceit and provocation that caused it, as well as the deaths of over 360,000 Americans in World War Two. In the campaign of 1940, Franklin Delano Roosevelt ran on a re-election platform of no boys going to […]
I am certain that 98% of Gold Eagle readers are parents. Perhaps your kids are grown, or still young, but the principle remains: Keep the kids calm and secure, no matter what is going on outside, or even in the family. I have been through tough times, as have all of you. While the kids […]
As I have mentioned before, the auto craze for zero percent financing is over. New cars, used cars, and every known kind of cars are sitting around waiting for a buyer. Few are showing up. Sales are down double percentage figures for the months of October and November. A disaster is afoot. Think about it. […]
A fellow called me the other day, and expressed surprise about the use of gold as a storage vehicle for wealth. He told me he bought a new Volkswagen in 1966 for $1995, which then was exactly 57 ounce of gold. He recently bought another new VW, and it was still priced at 57 ounces […]
We all have seen a snowball begin at the top of a hill, and begin its downward trek, picking up speed and snow as it proceeds. The larger it gets, and the faster it rolls, the more destructive it becomes. Anything in its path, or at the bottom of the hill, total destruction is the […]
This’ll be a pity party probably, because of the intense grief out there in gold futures land. I haven’t seen gold take a dump of $6 within a couple of hours in many years. Horrible for those of you out there who have invested savings in the gold futures market. The long term prospects for […]