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 bark of the Chinese mulberry tree. On every piece, officials who been appointed to make the paper ‘valuable,’ wrote […]
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 currently popular, such as solar cells, computer touch screens, medicine, and of course jewelry. Industry is […]
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 funded by 43%, and it owes $82.9 billion to make it whole. Other states are similar. So here a man or woman […]
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 into the U.S., but there is a wall in place already, even though it is grossly […]
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 ones. By 1986, it became almost common knowledge that the U.S. dollar was steadily losing value or […]
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 the coins. 10,000 silver dimes, 4,000 silver quarters, or 2,000 silver half dollars. A ‘bag’ is […]
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. Penney, or maybe he is the president, I am not sure as I don’t […]
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 store our metals and documents in a safe […]
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 remember him. If not, he was a radio and newspaper columnist who was famous for […]
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 beautifully. Not only faked, but the official web site on bit coins has been […]