By Paul Vanguard, for BullionMax.com You may, or may not, have heard of the Office of the Comptroller of the Currency (OCC). It's the department within the Treasury that regulates and supervises our banks. Basically, their job is to keep banking safe for us. You may or may not have heard of Saule Omarova, Biden's nominee...
By Paul Vanguard, for BullionMax.com We've already covered who's paying for inflation: the middle class and below. In other words, the bottom 50%. Those of us least able to afford it. But who is truly benefitting from it? Maybe you've wondered why we need the 2% targeted inflation rate that the Federal Reserve decided was...
By Paul Vanguard, for BullionMax.com This time of year, we're planning our Halloween costumes and our Thanksgiving guest list. We're not near Christmas yet. And, like last year, it's probably not going to be as merry as the ones before. But will there be anything under the tree this year? That's according to the White...
By Paul Vanguard, for BullionMax.com As seen on Wolf Street, on October 1, the Federal Reserve released data that reaffirmed something we already knew: the rich get richer, and the rest of us struggle, running just as fast as we can so we don't fall behind. This isn't news. There's a reason it's called "the...
By Paul Vanguard, for BullionMax.com It is far, far better and much safer to have a firm anchor in nonsense than to put out on the troubled seas of thought. - John Kenneth Galbraith, 1958 The issue with putting your faith in experts lies in the presumption that they actually know what they're doing. I follow...
By Paul Vanguard, for BullionMax.com Forbes contributor Clem Chambers taught us some things we didn't know about the gold market . Most gold buyers are concerned about inflation or its opposite, deflation. Chambers himself is more concerned about the former. It really doesn't matter. Gold does well in both scenarios. Assessing gold's liquidity We know...
By Paul Vanguard, for BullionMax.com The U.S. Mint's recent gold eagle and Morgan silver dollar programs are great. Top-notch coins being issued and sold out immediately. The Mint even returns profits to the government. How could they possibly top this two-year homerun stretch? A $1 trillion platinum coin might do it… Why are we even...
By Paul Vanguard, for BullionMax.com Per Bylund tackles a concept few would claim to really understand: Modern Monetary Theory, or MMT. A close reading of MMT founder Warren Mosler's white paper on the subject (I dare you – reading this is like swimming through lukewarm oatmeal) isn't particularly helpful. There are, however, two takeaways: 1. Modern...
By Paul Vanguard, for BullionMax.com Firearm ownership is synonymous with liberty for many. From totalitarian China to the quasi-socialist Europe, there is a clear absence of privately-owned firearms (not even the British police carry sidearms). Why? Well, the government wouldn't want people accidentally shooting themselves, would they? Then they'd have to go to the free...
By Paul Vanguard, for BullionMax.com As the last two years have highlighted (as if we needed a reminder after the last fifty years), physical precious metals always seem to enjoy a seller's market. They're always easy to liquidate, whether during prosperous times when anyone can afford to buy them, or during a risis when everyone...
By Paul Vanguard, for BullionMax.com Between 2013 and 2015, Goldman Sachs seemed to delight in talking down gold's price while buying large quantities. Now, two of Switzerland's biggest banks, Credit Suisse and UBS, have some interesting takes on gold. Credit Suisse: The gold bull that's selling gold In the second quarter, Credit Suisse sold around...
By Paul Vanguard, for BullionMax.com Few groups like timelines as much as gold investors. And how can't they? Gold is the one asset that doesn't disappoint over time. Timelines are great in general, and they can help us separate truth from falsehood. As can be inferred from Daniel Lacalle's analysis of the 50th anniversary since...
By Paul Vanguard, for BullionMax.com We spend a lot of time talking about inflation, and how the dollar’s buying power slowly erodes over time. That’s a really hard concept for some people to grasp. After the second consecutive month of 5%+ inflation, I feel compelled to revisit the topic, as it’s vital for every American...
By Paul Vanguard, for BullionMax.com When it comes to buying gold, Ray Dalio's definitely been consistent with his message, telling investors there is no such thing as a wrong entry point for gold. CNBC's Jim Cramer, on the other hand, believes some entry points are better than others, and that August is shaping up to...
By Paul Vanguard, for BullionMax.com If you’re in the market to buy gold today, you’re probably concerned with inflation. You’re certainly not alone. As Reuters recently reported,economists are saying inflation won’t last. CEOs disagree. We’ve definitely heard arguments like this: “Who are you going to believe, the theory or your lying eyes?” Why would CEOs,...
By Paul Vanguard, for BullionMax.com The first thing that most first-time gold buyers notice when browsing coins: the same coin is listed repeatedly, with quite different prices (even if they come from the same mintage). Sometimes we get polite emails pointing out our "mistake" in pricing. Sometimes not so polite. As a public service to...
By Paul Vanguard, for BullionMax.com Anyone with any numismatics experience can tell you that a small coin can fetch a massive price. Antique coins whose diameter measures in millimeters can fetch prices of between $100,000 and $1 million. But we aren't here to talk about small coins with high price tags. We're here to talk...
By Paul Vanguard, for BullionMax.com Seems like there's been a ton of news from the U.S. Mint recently, so we thought we'd take the time to get you all caught up. Here's the most recent news from the U.S. Mint. U.S. Coast Guard 2.5 oz. silver medal design revealed Although it's a "medal" rather than...
By Paul Vanguard, for BullionMax.com A hobbyist with a metal detector discovered two of England's rarest gold coins in Norfolk county, East Anglia. One coin is the incredibly rare leopard (also known as a half florin) from 1344, its first year of minting; the other is a gold noble minted in 1351. These medieval coins both...
By Paul Vanguard, for BullionMax.com The U.S. Mint went through quite the learning process with the launches of its 2021 Morgan and Peace silver dollars and the redesigned American Eagle gold and silver coins. Demand was expected to be high from the get-go, which is why the Mint lowered the household order limit for individual...
By Paul Vanguard, for BullionMax.com Nobody's going to say no to a gold or silver bar, as long as the metal's authentic. That's the problem, though, isn't it? You can't just eyeball a bullion bar, weigh it in your hand, and know for sure it's 0.999 fine gold or a gilded tungsten counterfeit. That's where...
By Paul Vanguard, for BullionMax.com Whoever thought that the bullion supply shortages of 2020's pandemic-fueled buying frenzy as an outlier were just plain wrong. Over the past four months, we've seen report after report of mints worldwide selling out. While last year's supply shortages probably had as much to do with covering financial derivatives as...
By Paul Vanguard, for BullionMax.com When you look at a coin from the U.K. or its members of the Commonwealth of Nations, the first woman you're likely to see is Her Majesty Queen Elizabeth II. She's been the Queen of the U.K. and Commonwealth since 1953, and though the specific portraits have changed over the...
By Paul Vanguard, for BullionMax.com As long as a gold bar is from a Good Delivery-certified refiner and has a 0.999 fine purity, you might not expect gold bullion buyers to be picky about their purchases. Choosiness is primarily reserved for numismatics and coin collectors, for proof and uncirculated coin enthusiasts who care about things...