In Gold We Trust

Gold Hits New All Time High But Dont Get Too Excited

2010-08-12T13:22:00.001-07:00

In Gold We Trust Scrap Gold Calculator

Temporary Post Please Ingnore

2010-07-30T12:58:00.000-07:00

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How to Use The Scrap Gold Calculator to Work Out Silver Dollar Values

2010-07-27T21:29:00.003-07:00

How to Use The Scrap Gold Calculator to Work Out Silver Dollar Values

2010-07-27T21:29:00.001-07:00

In Gold We Trust is a Scrap Gold Calculator that gives up to the minute scrap gold prices, junk silver coin values and values of all gold coins

Using the Scrap Gold Calculator to work out British Sovereign Values

2010-07-27T21:27:00.000-07:00

Video about using the scrap gold calculator to work out the value of British Sovereigns

In Gold We Trust is a Scrap Gold Calculator that gives up to the minute scrap gold prices, junk silver coin values and values of all gold coins

How to Calculate Junk Silver Prices Using Scrap Gold Calculator

2010-07-27T21:05:00.000-07:00

Video about how to use the In Gold We Trust Scrap Gold Calculator to work out the value of Junk Silver

In Gold We Trust is a Scrap Gold Calculator that gives up to the minute scrap gold prices, junk silver coin values and values of all gold coins

Technical Breakout of Scrap Gold Prices

2010-07-27T20:58:00.000-07:00

The last time we looked at this chart we saw how scrap gold prices bounced twice on the bottom of the wedge. The scrap gold prices has since broke out of the wedge. Typically the price should continue down quite dramatically. If however it hovers around its current price the we may need to redraw the wedge taking in the lower price. Today however the scrap gold price dropped below the all important 1174 mark where there was previous strong support.

In Gold We Trust is a Scrap Gold Calculator that offers up to the minute scrap gold prices and values on all gold coins and junk silver coins

Latest Technical Analysis of Scrap Gold Prices July 16th 2010

2010-07-16T13:45:00.000-07:00

In the recent technical analysis of scrap gold prices we were looking at a smaller wedge which broke out to the downside. There is a larger wedge (drawn in above). This is also an ending pattern in the uptrend it is just much larger than the other wedge. A move below 1175 would be the start of a dramatic move downwards in scrap gold prices - for now. I have also drawn in a trend line which interestingly enough coincides with the bottom line of the wedge. Also the price bounced off the trend line 3 times - one of those times was today. A break below the trend line of scrap gold prices, the a retrace upwards and the a continuation downward below that level will also indicate a change in direction of scrap gold prices.

In Gold We Trust is an Online Scrap Gold Calculator that calculates up to the minute scrap gold prices and values of all silver and gold coins

Using the Scrap Gold Calculator to Calculate Scrap Gold Prices in Aussie Dollars

2010-06-29T18:30:00.000-07:00

How you can calculate scrap gold prices in Aussie using the In Gold We Trust Scrap Gold Calculator

Calculating Scrap Gold Prices in Yuan with the Scrap Gold Calculator

2010-06-29T18:28:00.001-07:00

How you can work out scrap gold prices in British Pounds using the In Gold We Trust Scrap Gold Calculator

Working Out Scrap Gold Prices in Yen with the Scrap Gold Calculator

2010-06-29T18:27:00.001-07:00

How you can work out scrap gold prices in Japanese Yen with the In Gold We Trust Scrap Gold Calculator

Scrap Gold Prices in Swiss Francs Using the In Gold We Trust Scrap Gold Calculator

2010-06-29T18:26:00.001-07:00

How you can work out scrap gold prices in Swiss Francs using the In Gold We Trust Scrap Gold Calculator

Working Out Scrap Gold Prices in British Pounds Using The Scrap Gold Calculator

2010-06-29T18:24:00.000-07:00

How you can work out scrap gold prices in British Pounds using the In Gold We Trust Scrap Gold Calculator

Calculating Scrap Gold Prices in Euros Using The Scrap Gold Calculator

2010-06-29T18:22:00.000-07:00

Instructions on how to work out Scrap Gold Prices in Euros using the In Gold We Trust Scrap Gold Calculator

Updated Technical Analysis of Scrap Gold Prices - June 25th

2010-06-27T13:03:00.000-07:00

For the past few scrap gold prices technical analysis reports we have been looking at the formation of this wedge. Action over the last week has strengthened the idea of this wedge formation. Friday was a strong up day and it is quite likely we will see an up day on Monday perhaps even nudging above the all time high. This could create excitement amongst gold price analysts as it reaches an all time high. However this is typical action for a topping wedge. I refer you to Euro action as it reached a high in April 2008.

For scrap gold prices (the gold price) to look like they are resuming an new up trend once again we need to see a strong push up above the top line and closing 2 days above this line .

In Gold We Trust is an online Scrap Gold Calculator giving up to the minute Scrap Gold Prices and values on all gold and silver coins

Updated Technical Analysis on the Price of Gold June 21st

2010-06-22T13:26:00.000-07:00

In our last technical analysis of the price of gold on June 17th we identified this wedge which is typically a bearish ending pattern. On Friday the price broke through the top line of the wedge and actually managed to close just above that line. We spoke about how the price needed to close above the line and form support to be a clear bullish indicator. On Monday the price reached an all time high once again but then collapsed back into the wedge.

Where Now?

The above chart includes the latest gold price moves. As we can see even though the other wedge has been negated we can now draw a smaller wedge with Friday and Money's move touching the top line and Monday and today's low touching the bottom line. A fall below 1215/1210 would be a fall out of the wedge and signal for a rapid drop in the price of gold. Alternatively the price could rack around inside the wedge and even make a slightly higher high. To really negate the wedge we would need to see a strong push above Monday's high, closing above the top line and continuing to push up strongly closing consistently above the top line.

Charts courtesy of www.igindex.co.uk

http://www.in-gold-we-trust.info Coin, Bullion and Scrap Gold Calculator for up to the minute scrap gold prices and values of all gold and silver coins

Technical Analysis of the Price of Gold June 17th 2010

2010-06-17T20:53:00.000-07:00

On the chart above I have presented 2 ideas for possible future moves in the price of gold.

1) 2 weeks ago I drew in the smaller triangle and said because of the prior uptrend this was a bullish signal for the price of gold and that a breakout above 1225 would mean a continued move upwards if the price could then close above its all time high. The gold price did break out and make a new high but the retraced but was held by the bottom line of the triangle. The price has since risen again but failed to close above the all time high. The triangle is now extended so once again if it can close above its all time high and make a clear new high then it should continue to rise.
2) The longer lines are of a wedge - this is a bearish signal. If the price fails to close above the all time and bobs around the top line but never making a clear break upwards then this would validate the idea of the wedge. This idea would further be strengthened by a fall below the bottom of the previous triangle. The formation of this wedge could continue for a while and the price could remain range bound between 1200 and 1250 but later leading to a severe drop in the price of gold. Only time will tell!

Bullish Signals on the Price of Silver

2010-06-09T18:45:00.000-07:00

The silver chart is displaying bullish signals - this video from In Gold We Trust goes into more detail

Update on Bullish Move in the Price of Gold

2010-06-09T18:41:00.001-07:00

This is an update to the video published on Sunday related to a bullish move in the price of gold.

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Latest Bullish Signals for the Price of Gold

2010-06-05T15:10:00.000-07:00

Technical analysis and commentary on the price of gold

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Financial Collapse Scenarios and Solutions

2010-06-05T12:14:00.001-07:00

This page looks at the different ways a financial crisis or collapse could play out and how it might affect you. For a simple explanation of the causes of a financial collapse please see my video "A Simple Explanation of the Coming Financial Collapse"

A Run on the Banks- Bank Holiday

Our money system is based on a fractional reserve banking system. In very simple terms this means our banks only have to keep on deposit 10% of all their customer deposits, they then lend out the other money on the assumption that people do not always want access to their money. In fact on 3% of all dollars in existence and 6% of all Euros exist in the form of bank notes - the rest is just number on computer screens. If there was a mass panic and everyone rushed to the bank to withdraw their money their would not be enough bank notes to cover this and the whole system would collapse. This is called a run on the bank and a bank holiday is where the government huts down all the banks to avert a complete collapse of the system. In the US there has been such runs on the banks and banking holidays in 1907 and 1933.

It is May 2010 and we are experiencing a huge government debt crisis in Europe that has only just begun and will spread to more countries and eventually the USA. The banks and financial institutions on the world lent this money and therefore risk collapse if the problem gets worse. Therefore a run on the banks at some point is a high probability.

What happens?

The government shuts down all banks for a week maybe longer. You cannot get access to your money and ATM and credit cards do not work.
The banks re open but then restrict the amount of money you can have access to - maybe just a couple of hundred dollars per week.
One further possibility is that when they reopen the banks they try to install a new currency and say that you get one of the new currency for 3 or 5 of the old - thus develuing.

How to Prepare?

Have a good supply of cash hidden somewhere safe.
Have a good supply of food in your house perhaps for one or two months. Any banking crisis may bring huge civil unrest and upheaval therefore making it difficult to go out and buy things
Have a good store of basic essentials

Inflation and Deflation

Inflation is an increase in the money supply. If the money supply increases at a faster rate than the creation of goods and services then prices increase. Many financial commentators are predicting that the outcome of the current financial crisis will be super even hyperinflation where prices increase weekly, daily or even hourly. They believe that because central banks are printing money at a huge rate to bail out banks and other sectors of the economy and that are committed to carrying on doing so.

Points to Remember

You can only have hyperinflation if the speed at which money is changing hands increases - so far it is not because the banks are not lending the money they have been given and the public are spending less and less and saving more
As the central banks create money on the other side it is being destroyed as countries ,corporations and individuals default on their debt. The rate of create has to outstrip destruction before you can have hyperinflation.

What happens in hyperinflation

Prices go up weekly, daily or even hourly like in Zimbabwe
The value of your savings are wiped out as they buy less and less.
Fuel shortages as it is harder for countries to buy oil on the world market with their worthless currency.
Food Shortages - fuel Shortages affect the supply of food and other goods (In the USA on average every food item travels 1700 miles to get to the store)
Bonds, & CDs become worthless - many people look to the bond market as a safe place to invest their money - this is no longer true.
Certain stocks crash - companies such as insurance companies are destroyed as their asset base is largely invested in bonds which are now worthless.
Certain stocks such as oil and commodity based companies will be a safe haven as they have assets that will increase with inflation.
Civil unrest, anger and demonstrations towards governments, increase in crime.
Benefit payments such as social security may not necessarily go up with any inflation as governments try to reduce their payment burdens
High unemployment

How Can You Protect Yourself

Have at least one months store of food at all times so you are not at the mercy of the stores and not caught up on any civil unrest unnecessarily.
Consider buying gold and silver - they are stores of value that have withstood the test of many crises over history and will protect you against inflation- see our section on Gold and Silver for more information.
Seriously review your investments and private pensions to see
Get your personal debt under control and the debt you have try to lock in at a fixed rate.
Create a store of the basic essentials that you need everyday in your life. These items are a store of value (just like food) because you need them. You could even buy two years worth and it would be a great investment because you will always use them and crisis or no crisis and it is likely they will cost more in 2 years than they do now.
Change your way of living - see how much your like is currently dependent on your car and being able to go to a store whenever you want to buy whatever you want. Look at what other changes you can make in your own personal situation to be less dependent and more independent.
Become resourceful - learn how to make things such as bread, grow your own food - you do not need acres and acres a small plot can produce a surprising amount of vegetables.
As well as creating a store of food get into the habit of buying non perishables and food you can freeze in large quantities, this way you are less dependent on the supermarket and you have a large quantity of an asset that you will always need.
Remember whatever happens to the dollar or the Euro or the pound - you are the real money. You create the value with your skills and labor.

Deflation

Deflation is a collapse in money and credit often brought about by a banking crisis and a collapse in confidence in the banking system. In a deflationary environment the value of money goes up because there is less of it about, as countries, corporations and individuals default on all their debt this destroys the number of dollars or Euros in circulation thereby making them more valuable. (See our article How Money is Created for a more detailed explanation) Some financial commentators rather than believing in a hyper-inflationary scenario believe the current crisis will lead to a severe deflationary period. We are seeing a huge amount of defaults like never before in history and a destabilization of the banking system.

Points to Remember

Our money is backed by nothing, it is only as good as the confidence in governments and the banking system. As governments default on their debt, this affects not only them but also the banks that leant the money, rocking confidence in the whole system. Yes default reduces the amount of currency in circulation but a currency without confidence is worthless. You could have what looks like deflation suddenly morph into hyperinflation because there is no confidence.
Deflation can be very painful (high unemployment etc) creating political pressure to act. Governments can print money to try to get their way out of deflation - Fed Chairman Bernanke has committed to printing whatever it takes to avoid a depression.

What happens in a Deflation

Because money becomes more valuable in terms of good and services this drives prices down but also creates higher unemployment.
Businesses go bust as they cannot get credit to invest or just maintain themselves.
The areas of the economy that survive are the essentials people need (food etc), things they cannot live without (tobacco, alcohol) and impulse buys (chocolate etc)
Civil unrest
Historically both hyperinflations and deflationary depressions have lead to political extremism and ultimately war(Napoleon, Hitler etc) to divert attention away from national problems.

How You Can Protect Yourself•

Review your employment situation, how insulated would you be from such a deflationary situation, you may need to consider moving into a different employment.
Get yourself out of debt now and out of the mentality that you can live using your credit card as a buffer.
Become resourceful and learn how to make and grow your own food.
Remember however scarce the money may be, the reality is that you are the money, you create the value, so instead of being out there trying to compete for scarce dollars or Euros try to set up networks with other people and ways to trade and exchange goods and skills.

Formal Currency Devaluation

What is a Formal Currency Devaluation

This would be where the government introduces a new currency and offers to exchange the old currency at a rate of 3 to 1 or even 10 to one.

Why Would The Government Do This?

Almost every country in the western world is ladened with too much debt. We see Greece in the news on the verge of debt default but there are 19 other countries in the wings some in even worse a state than Greece (the UK and the USA to name but two). It is simply not possible to pay off all of these debts - the USA for example has debts in excess of 14 trillion and future unfunded liabilities (forecasted future payments of social security, medicare and medicaid) of over 100 trillion dollars. A formal devaluation is one way out of this.

Points To Remember

A formal devaluation may only be a temporary fix to the debt woes. The very system is based on the creation of more and more debt to keep its self running, a formal devaluation does not change the nature of the system we would have to fundamentally change the way

What Happens As A Result of a Formal Devaluation

The banks may be closed for days or weeks during the transition. So you would have no access to your cash or use of ATM or credit cards.

Savings, bonds, CDs, life insurance policies, denominated in the old currency would now buy a fraction of what they did.

The devaluation is form of debt default so under the new currency interest rates would be very high as the governments would have to pay a higher premium to convince the markets to lend them money. This would cause a huge deflationary depression.

High unemployment.

Benefit payments cut

Government spending cut drastically affecting public sector jobs

How Can You Protect Yourself

For the initial devaluation take same kind of steps for the hyper-inflationary scenario

For the following deflationary depression do the same as for a deflationary scenario

Complete Currency Collapse

In the deflation section we spoke about how currencies are backed by nothing other than confidence in the financial and political system of the issuing country or authority. All currencies in the world today operate on this system. The current government debt defaults will undermine confidence in the banking system and the governing authorities thus undermining the value of the currency. This confidence call also be undermined by social and political developments o watch the level of growing unrest in a country, political disillusionment, political radicalism.

Points to Remember

Currencies are valued relative to each other. For example EURUSD is the number of dollars one Euro will buy which today stands at around 1.24. If this goes up then this means the Euro is strengthening and if it goes down this means the dollar is strengthening. Strength and weakness in these cases are relative. If the Euro is collapsing then it automatically looks like the dollar is strengthening - this does not mean that the dollar is strong or safe, it just means for this time it is less worse off than the Euro. In serious currency crises it is therefore important to look to see how currencies are performing against hard assets like gold, silver and oil to gauge whether it is collapsing or not. It is May 2010 and while the Euro has been falling against the dollar, the yen , the canadian dollar and so on , ALL currencies have been falling against gold. Look at our section on gold and how it behaves for more of an understanding.

Currencies can collapse in a deflationary as well as an inflationary environment

How Can You Protect Yourself

The effects will be exactly like that in a hyper- inflationary scenario.

Additionally though a currency collapse may reflect huge political and social instability so prepare further for longer periods of civil unrest, disruptions to supply etc

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

The Causes of the Coming Financial Crash

2010-06-05T11:49:00.001-07:00

If you watched the mainstream media and listened to our politicians you would think that the crisis of 2008 is behind us and we are slowly slowly recovering from what was such an unexpected shock!

Please consider the facts below when assessing whether we are in a recovery or not or whether we have more to come.

US Home Mortgages

The crisis of 2008 was the result largely of the sub prime mortgage market which was $600 Billion in size.
If the subprime mortgages were about lending money to people who really should not be lent to then Alt A mortgages and Option ARM mortgages were about lending too much to people who were normally a good credit risk. These types of mortgages offered an extremely low interest rate for the first few years but then would be reset to a higher rate a few years later.
As Alt A and Option ARM loans are being reset people are finding their new payments rising as high as treble their original payment.
You have to ask yourself if someone could afford the high payment they would have taken the original higher loan.
Total Alt A mortgages = $2.4 trillion, total Option ARM Mortgages =$750 billion. Option ARMs are currently defaulting at a rate of almost 40%

Commercial Real Estate

An explosion in consumer credit and the housing boom caused a huge expansion in commercial real estate, malls, warehouse space, office space and so on. Now the bubble has burst this will ultimately have drastic effects
Between 2010 - 2013 $1 trillion of commercial loans will mature and need to be refinanced or paid off.
There is currently a 7% delinquency rate

Credit Card Debt

Total outstanding credit card debt almost $900 billion.
Average credit card debt is $15,788
Current default rate is 13.01%
When this credit card debt was amassed holders were paying 0% on their balance transfers. These days are well and truly over with. Some cards now have APRs of over 30%
Total US Consumer debt =$2.45 trillion.

Europe

An EU document released in 2009 estimated that $25 trillion would be needed to bail out European Banks of all their bad debts.
You have heard of Greece's woes, and know about the PIIG countries, what about Hungary, Latvia, Lithuania, Estonia, Poland and so on.
Deutsche Bank have liabilities (loans) worth over $2 trillion, much of these loans are to the PIIG and other Eastern European Countries. $2 trillion is over 80% of the German Economy. Germany would not be able to bail them out alone.
The combined liabilities (loans ) of the 2 largest swiss banks is double the GDP of Switzerland.
Barclays Bank has liabilities totalling more than the GDP of Britain
When we talk about leverage in very simple terms if you have a leverage ratio of 1:1 then you have very very little risk. If you have a leverage ratio of 100:1 then this is extremely high. All European Banks are leveraged higher that US banks. Much higher. Barclays has a leverage ratio of over 60 Deutsche Bank over 50 to name just 2.

Local, State and National Governments.

The US government has unfunded liabilities (future payments of social security and medicare etc) of over $100 trillion
32 States in the USA are now insolvent.
Countries raise money by issuing bonds and hope that these bonds are bought up by eager investors.
In the last year the US and the UK have been forced to buy most of their their own bonds because no one in the market wants them. This cannot carry on forever. The whole financial system relies on the creation of more and more debt.

The Derivative Market

In our explanation of the financial crisis we talked about Credit Derivatives related to the mortgage market. There is another type of credit derivative called a credit derivative swap. This is a type of insurance on riskier bonds. If the borrower defaults then the investor is insured against loss.
The size of this market is estimated at. $45 trillion.
It is totally unregulated.
During the hayday anyone and everyone was issuing these Credit Default Swaps, including hedge funds that do not have the assets to pay up should the underlying security default. Its a bit like me offering you car insurance. Everything is great -, you think you are insured and I get $100 a month. Until of course you have an accident and we realize that I dont and never did have the money to cover any accident.

There are many other types of derivatives, ( interest rate swaps, equity derivatives, commodity options and so forth) they are extremely complicated financial instruments created by "rocket scientists" who lead us to believe that they were able to eliminate risk.
It was these same rocket scientists and their belief in the end of risk that were the masterminds behind the subprime mortgages Option ARM and ALT A Mortgages. That saw the downfall of Long Term Capital Management and so on.
The total derivatives market is worth $1.4 quadrillion.

The Causes of the Financial Crash in 2008

2010-06-05T11:47:00.001-07:00

So we have looked at what is money and how it is created and hopefully got a good idea about why the system is so fragile, why we are always at risk of crisis and collapse. But there were specific factors that lead up to the 2008 crash, factors that are still in play and there is a high probability they will play out in further crises too.

Watch this clip - it sums up the essence of the problem at hand.

When Lehmans went bust in 2008 and the market crashed. The talking heads on TV were all coming out with their own complicated explanations about what had happened, this complexity (as we have talked about before) just obscured the basic fact which is - too much money was lent to too many people people who just could not pay it back and never could pay it back.

And when we talk about people what do we mean:

Homebuyers,
Credit Card Holders
Companies
Countries
States,
Local governments,
Literally all sectors of life - all over the world

Why was this, don't banks have limits on what they can lend, aren't there rules and regulations to stop this happening? Once again the talking heads on TV will blind you with the science of Credit default swaps, CDOs and so forth. For a simpler answer lets go back to our model of chickens, potatoes and Bob the Banker.

Let's start by looking at how money was traditionally lent.

So lets say my chicken business is going really well and every month I deposit $1000 with Bob the Banker. Bob the Banker can then go and lend this money out to some of his customers. So then Tom is looking to borrow $500 to expand his wheel business so he goes to Bob and applies for a loan. Now Bob does not want to take huge risks he wont just lend to anyone. After all this is his bank's money, his job is on the line and he does not want to lose the money of his customers many of whom he knows personally.

Bob sits Tom down, checks out his history, has he been a good customer, has he repaid his debt on time. Is his business plan sound and so on, and only after serious scrutinization does Bob agree to lend the money. So Tom gets his loan, he has to pay it off in 3 years at 6% interest per year.

Bob the Banker Meets Willie Wall Street...

This was the way things worked for years and years until an investment banker (lets call him Willie Wall Street) arrived on the scene. Now Willie is a very intelligent guy with lots and lots of ways to make money, not only that he has lots of friends with loads of money to invest - everyone was going to be a winner!!!

So Willie says to Bob - instead of keeping that loan of $500 on your books, why don't you sell it to me. I will give you your original $500 back + $5 for your trouble. Bob loves this idea, he gets $5 up front and then has another $500 he can lend out to someone else

Willie then goes to his friends with this great investment offering 4%. They love this so everyone is a winner. Bob get 1% for setting up the deal, Willie's friends get 4% and Willie gets to keep 1% cut.

These investments become so popular that Willie is constantly on the phone to Bob trying to buy more loans from him and even tells him not to worry too much about who he is lending to because they have now got some highly complicated way to manage risk.

Also Willie's friends are just queuing up to get on board, so much so that some of them borrow money to buy these investments - they are such a sure thing.

Who are Willie's friends?

insurance companies,
banks,
pension funds,
mutual funds,
investment funds
from all over the world........

This principle of taking a loan and turning it into an investment and selling it to investors It was applied not only to the mortgage market but to:

credit card debt,
corporate loans,
municipal loans
and sovereign (national) loans.

he term for these investments is credit derivatives and this system of credit derivatives created a huge explosion in world wide debt and because the risk seemed to be dealt with somewhere else or through some complicated means large sums of money was lent to people, corporations and countries who normally would have been too much of a risk!!!!. Not only did the credit derivative market allow for anyone one to borrow money. It also made borrowing money that much cheaper.

In the summer of 2007 we saw the start of the problem in the Credit Crunch caused by the sub prime loan market - this was where mortgages were given to literally anyone who applied for them. As people started to be unable to pay back these loans it became obvious that these "investments" were bad and there was a mass exodus causing the bank lending system to freeze up. This sub prime market was $600 billion in size and it has essentially being the largest contributing factor to the collapse of many banks - Lehman, AIG, Morgan Stanley, Merrill Lynch and so on.

Considering that the total mortgage market in the USA alone is worth $8 trillion, add to that credit card debt, corporate loans big and small, national loans big and small you are looking at a total market size for credit derivatives of $65 trillion - this is the potential size of the problem.

To give a bit of perspective:

The world economy produces roughly $55 trillion per year.
If you sold everything in the world you would get roughly $600 trillion......
This problem is potentially $65 trillion in size.

There are a couple of twists to this story compounding the problem further

Some of Willie's friends borrowed money to so they could invest with Willie, these investments are now worth much less but Willie's friends still need to pay back the same amount. Woops!
Because of regulations and risk appetite Some financial institutions were not allowed to or did not want to invest in some of the more riskier investments. To solve this problem another credit derivative was created - it was an insurance on the riskier investments. If the underlying borrower did not pay and the investment went sour the investor (apparently!) would be insured. This was great business and banks, hedge funds and many other institutions offered this insurance - what's more is was completely unregulated. It was great business as long as times were good, however when things started to go south and the investors wanted their insurance this created big problems and was actually the reason why AIG collapsed - we have not heard the end of this story by a long shot.

Further Deeper Collapses.......

Click here to go to The Causes of the Coming Financial Crisis

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

How Money is Created

2010-06-05T11:46:00.001-07:00

All Money is Debt - what does that mean? Lets look at how money is created to explain why this is true.

How is Money Created

Every country has a Central Bank, (the Federal Reserve, ECB, Bank of England and so on) the Central Bank is supposed to regulate interest rates and creates and controls the money supply.

This happens as follows.

The government decides it needs some money - lets say 10 billion dollars. It then goes to the Central Bank and asks for 10 billion dollars.
The government then draws up some official bits of paper called Treasury bonds and gives them to the central bank and the central bank gives the government 10 billion dollars in notes. Because of the nature of this transaction those bank notes are just bits of paper that indicating that the government owes money to the central bank, they are not backed by anything other than the governments promise to repay that money.

The government takes its 10 billion dollars and deposits it with their banker - lets call him Bob the banker. The really interesting thing is what Bob does with the money next. Lets call this the Money Multiplier

What is The Money Mutliplier

Lets say I deposit $100 with Bob the Banker. Bob has to keep $10 on deposit but is then free to lend out the remaining $90.
Dave comes along and borrows the $90 and buys a new wheel from Tom
At this point Tom has $90 and I think I have $100 - a total of $190 but in reality Bob only has the original $100.
When Tom deposits his money at the process continues. Bob keeps $9 on deposit and lends out the remaining $81 - another $81 created.
PROBLEM If Tom and I go to the bank to withdraw our money at the same time Bob will not have the money.
This is the Achilles Heel of the Banking System. If there was a panic and everyone went to the bank to withdraw their money there would not be enough bank notes to cover all withdrawals.
This is a run on the bank that no central bank or government wants.

In fact only 3% of all dollars and 6% of all Euros exist in the form of bank notes.

The money supply expands through the expansion of debt, through borrowing therefore the money is just a piece of paper indicating that debt. Money is debt

To highlight the ridiculousness of this situation. Lets say you came to work for me for 5 hours at $20 an hour.
At the end of those 5 hours your write me a bill for $100 I then hand you a $100 bill as payment.
You have given me a piece of paper thats states that someone owes someone else $100.
I then pay you with a $100 bill - another piece of paper that says someone owes someone else $100.

"Ah" but I hear you cry - you can take the $100 bill and then exchange it for goods at a store. True but only because everyone believes that the $100 has value, but beliefs can change very quickly.

If we look here at a chart of the purchasing power of the dollar over the last 100 years you can see that $1 buys today 5% of what it bought 100 years ago. Obviously belief in the value of $1 has changed radically over that time.

If you think of the story of the Emperor's New Clothes, there never were any clothes, it is just everyone was tricked into believing there were clothes and because everybody believed then so did everybody else. But once the little boy pointed out that the Emperor has no clothes on then that belief changed in an instant. There is no intrinsic value to the money we have, it is only supported by our belief that it has value. Our beliefs can change very quickly thus rendering our money worthless and the financial system collapsed.

Once you see that the whole system is supported by just a belief then you will understand why certain events can undermine currencies and collapse financial systems.

It is May 2010 and we are witnessing the start of a sovereign debt contagion - countries unable to repay loans. The media is focussing just on Greece and see how the perceived value of the Euro has plummeted. Confidence in the system is waning and therefore so is the value of the currency. Greece is just the start, it soon will spread to other parts of Europe and then across the world. It is these types of events that attack confidence in the currency often fatally so.

Next we will look in detail at what are the causes of the 2008 Financial Crisis and Coming Crises.

Click here to go to The Causes of the 2008 Financial Crisis

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What is Money

2010-06-05T11:45:00.001-07:00

When we talk about financial crisis really what we are talking about is money.In order to explain as simply as possible the causes of the financial crisis we really need to look at what is money. So lets go back thousands of years to a time when people bartered so understand where money came from.

Lets imagine I am a Chicken Farmer

Lets also imagine that I have a friend Dave who is a Potato Farmer

And another friend called Tom who makes Cart Wheels

Now I like to have potatoes with my chickens and Dave likes to have chicken with his potatoes so we come to arrangement that whenever Dave wants to have a chicken I will swap him one for a bag of potatoes.

Equally I need a new wheel from time to time so I come to an arrangement with Tom that every time I need a new wheel I swap him 2 chickens and get my new wheel.

The problem arises when Dave needs a new wheel for his cart because Tom does not like potatoes they have no value for him. Dave has nothing to offer in exchange for a new wheel so we have a breakdown of the barter system.

So this is where money came in. Communities, societies, countries would find something that was commonly agreed had value and use this as a means of exchange. This has most commonly been gold and silver but tobacco leaves, shells and salt have also been used as a form of currency because they were all perceived as having value. So instead of swapping his potatoes for my chickens Dave could get gold or silver from me and then give that to Tom for a new wheel.

Note this that money is supposed to act as a store of value. I create value by raising chickens but may not wish to immediately exchange that value for other items of value (potatoes or wheels) so the money that we use is therefore used to store that value to be used at a later date. The money itself is not the value, I create value through my work and labor, I am the money, not the pieces of paper.

As time went by people got tired of carrying bags of gold and silver around so they would deposit this with a goldsmith who would then give them a receipt for their gold or silver which they could then use to buy things. This is how the modern banking system developed and even up until the late 1960s you could walk into a bank in the USA and exchange your dollars for gold. The money was considered "as good as gold" because it was redeemable in gold.

Today wherever you live in the world: Europe USA, Australia, Japan, Switzerland, your money is backed by nothing. It is printed out of thin air by governments, it only has value because they tell us it does - and we believe them. The only thing supporting the money is our belief and confidence in governments and the financial system, take away this confidence and the money is worthless.

You could say that it does not matter that they are just worthless bits of paper as long as everyone agrees that this is the method that will be used to do trade. That as long as you only create more paper when I raise another chicken, or Dave grows some more potatoes then everything should work fine.

The reality is is that money is not just worthless bits of paper, it is not just created every time someone creates more value.The fact is all money is debt - it is just a piece of paper saying that someone owes money to someone else

To explain what I mean about this we need to look at how money is created. Which we will go into more detail about in the next part.

Click here to go to How Money is Created

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Anatomy of the Coming Financial Crash

2010-06-05T09:39:00.000-07:00

Why Scrap Gold is a Better Investment than Gold

2010-06-05T09:36:00.000-07:00

Why Scrap Gold is a Better Investment than Gold!!!

2010-06-05T09:13:00.000-07:00

Gold vs Scrap gold as an investment

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Description of the Coming Financial Crash

2010-06-05T09:10:00.000-07:00

Video that looks out a currency crisis could play out. Currency collapse/hyperinflation will not happen by helicopter drops of cash. Watch video for more info

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

A Coming Collapse in The Price of Gold?

2010-05-25T18:23:00.000-07:00

This video looks at the potential for a huge drop in the price of gold in the short to medium term.

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Gold vs Fiat Money: How is Money Created

2010-05-20T20:27:00.000-07:00

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In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

GATA and Christian Hammer out Gold Price Suppression Debate

2010-05-18T22:22:00.000-07:00

This is a great broadcast on this week's Financial Sense with a debate between Jeffrey Christian of CPM and Bill Murphy from GATA. GATA's evidence supporting gold price suppression is heavily scrutinized.

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

The Coming Financial Collapse - Solutions

2010-05-18T22:09:00.000-07:00

This is a follow up video to A Simple Explanation of the Coming Financial Crisis. In this video we go into more detail about actions and solutions

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Gold, Inflation and Deflation

2010-05-16T10:54:00.000-07:00

Video on Gold, Inflation and Deflation

2010-05-16T08:41:00.000-07:00

There has been a huge ongoing debate for a number of years now as to whether we are heading for inflation or deflation - this video seeks to explain it all in very simple terms and also in relation to the price of gold.

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Wine Auction Indicates Smart Money Moves

2010-05-13T23:17:00.000-07:00

Richard Russell in his latest report talked of diamonds being auctioned for 4 times their expected price by Sotheby's. It is an indication of the smart money or certainly the mega rich getting out of anything paper into tangible assets. The cliche stores of wealth that have stood the test of time are precious gems, gold and silver, art and lets not also forget wine.

A recent wine auction at Christie's saw a case of La Fite 96 with an estimated value of 6000 pounds fetch 33 000 pounds. While a smaller sum than Richard Russell's diamond, the fact that it took over 5 times its estimated worth not only confirms Russell's assertion but perhaps exceeds it. Cheers!!!

Myths about the Current Euro Crisis

2010-05-12T15:35:00.000-07:00

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Scrap Gold Price Report in Ounces and Grams May 10th 2010

2010-05-10T19:38:00.000-07:00

Scrap Gold Prices Report - Monday May 10th 2010

Gold per troy ounce closed at $1203 Monday May 10th 2010

Scrap Gold Prices Per Gram

10k =$16.12per gram

14k = $22.62 per gram

18k = $28.99 per gram

22k = $35.41 per gram

24k = $38.66 per gram

Scrap Gold Price Per Ounce

10k =$501.44 per troy ounce

14k =$703.46 per troy ounce

18k = $901.87 per troy ounce

22k = $1101,46 per troy ounce

Visit the In Gold We Trust Scrap Gold Calculator for the most up to date prices

Astrology Predictions for the Coming Financial Collapse

2010-05-10T18:15:00.001-07:00

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Gold, Inflation and Deflation

2010-05-05T13:29:00.000-07:00

Many participants in the gold market also watch the ongoing inflation and deflation debate. Gold bugs tend to be arch inflationists claiming that excessive money printing will lead to super or hyper inflation and also assume gold is a hedge against inflation.

The deflationists argues that we are witnessing a huge destruction of credit as more and more countries, corporations and individuals default on their debt. Because this debt is denominated largely in dollars then this means the number of dollars in circulation is decreasing thus will push up the value of the dollar and create deflation and a resultant crash in the price of gold.

Here are some problems I have with both sides of the argument.

1) Gold is not really a hedge against inflation. A yearly inflation rate of 5% does not result in a concomitant 5% rise in the price of gold. There have been times in history such as the 1980s where there was very high inflation but the gold price crashed. Gold is only protection against inflation because historically over time it retains its purchasing power. Gold buys roughly today what it bought 500 years ago and 1000 years ago but it may fluctuate in the mean time.

2) Gold is money - in a deflationary time the value of money increases therefore the gold price should increase not decrease or at the very least retain its purchasing power. So yes gold may drop 10% in value but it will still buy the same because all other prices will also have dropped.

3) Our money today is backed by nothing other than confidence in governments and the financial system. Yes debt destruction may reduce the number of $$$ in circulation and thereby making then theoretically more valuable BUT the increasing level of national, state and corporate defaults undermines the confidence in the system and thereby reducing the value of the currency. It is possible to have a complete currency collapse because no one has confidence in the system anymore. This is where gold's true role comes in as a hedge against political crisis - its value then can only go up.

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Gold Related Radio Broadcasts - Not to Miss

2010-05-05T13:13:00.000-07:00

Check out all these interviews for great perspectives on market movements etc.

Larry Pesavento on Frisby's Bulls and Bears

gives accurate market timing based on astrological changes

Jim Rickards on King World News discusses possible DOJ investigation into JP Morgan fraud and manipulation in the silver market.

Gold Round Table on Financial Sense

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Ted Butler on Eric King Talking About DOJ Investigation into Silver Manipulation

2010-05-05T13:06:00.000-07:00

Click here for full interview

In Gold We Trust - Coin Bullion and Scrap Gold Calculator

A Simple Explanation of the Coming Financial Crisis Part 8 of 8

2010-05-03T15:49:00.001-07:00

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

A Simple Explanation of the Coming Financial Crisis Part 7 of 8

2010-05-03T15:47:00.002-07:00

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

A Simple Explanation of the Coming Financial Crisis Part 6 of 8

2010-05-03T15:47:00.000-07:00

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

A Simple Explanation of the Coming Financial Crisis Part 5 of 8

2010-05-03T15:46:00.000-07:00

Click here for Part 5

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

A Simple Explanation of the Coming Financial Crisis Part 4 of 8

2010-05-03T15:43:00.001-07:00

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

A Simple Explanation of the Coming Financial Crisis Part 3 of 8

2010-05-03T15:42:00.001-07:00

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

A Simple Explanation of the Coming Financial Crisis Part 2 of 8

2010-05-03T15:41:00.000-07:00

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

A Simple Explanation of the Coming Financial Crisis Part 1 of 8

2010-05-03T12:06:00.000-07:00

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Technical Analysis of the Price of Gold - Bullish Signals

2010-04-29T11:43:00.001-07:00

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

How to Buy Gold Part 2 - The Risks of Buying Gold

2010-04-28T18:32:00.001-07:00

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Latest James Dines Interview on KingWorld News

2010-04-28T11:25:00.000-07:00

Excellent 2 part interview with the legendary James Dines

click here for full interview

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

How to Buy Gold - Facts You Should Know About Gold

2010-04-27T14:28:00.000-07:00

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Explanation of the Gold to Silver Ratio

2010-04-26T18:31:00.000-07:00

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Gold - Not Quite Protection Against Inflation

2010-04-20T10:38:00.001-07:00

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Jim Rickards Comments On CFTC Gold Whistleblower Story

2010-04-15T19:51:00.000-07:00

Eric King interviews Jim Rickards to get his take on the Andrew Macguire story and the revelation about Scotia Bank Vault. In this interview Jim gives an astronomical projection for the price of gold

Click here for full interview

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

How to Buy Gold and Avoid Confiscation

2010-04-15T19:43:00.000-07:00

Buy and Store Your Gold in Switzerland
As complicated as this may sound it is actually very simple. There are a number of companies that will purchase and arrange extremely safe storage in Switzerland. You open an online account that can be funded from anywhere in the world and you can purchase your gold, silver or platinum at the touch of a button. The metals are independently audited and also insured by Lloyds of London. Check out the link below for more information.
Switzerland is an extremely safe country as far as gold goes. It houses 30% of the world's private wealth and its private banking system is its main source of income so any move to confiscate gold would be devastating to the economy. It is neutral and high mountains and an obligation to own a gun makes is a hard invasion target.

Buy Semi Numismatic Coins
When gold was confiscated in the 1930s certain items such as collectors coins were exempt from confiscation. Old European Coins such as British sovereigns were considered collectors items and therefore exempt. These are fairly easy to pick up and not too high a premium. Check out your local coin dealer - you should not be paying any more than 10-15% premium over the spot value so do not be taken in by unscrupulous internet sites pushing these coins for 20-25% over spot!!!

Buy Scrap Gold Jewellery
This is just my opinion but in the event of gold confiscation do you really think the government will come knocking trying to take everyone's wedding rings and other prized sentimental gold items. You can buy scrap gold jewellery on Ebay or your local coin dealer for very close to the spot value of the gold. your item will always reflect the current price of gold. Check out the Scrap Gold Calculator linked below for values of scrap gold jewellery items

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Jim Puplava interviews Nick Barrisheff - Everything OK at Scotia Bullion Vaults

2010-04-12T08:17:00.000-07:00

Jim Puplava interviews Nick Barrisheff on the current controversy over Lenny and Harvey Organ's claim that the Bullion Vault's at Scotia do not have the gold and silver they say they do. Nick Barrisheff completely refutes this argument.

Click here for the full interview.

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

King World News Blows Whistle on Bank of Nova Scotia Gold & Silver Certificates

2010-04-11T14:57:00.000-07:00

In this week's show Eric King interviews Harvey and Lenny Organ who visited the gold and silver vault at the Bank of Nova Scotia only to discover that the vault does not contain even a fraction of the gold and silver they have issued certificates for. The certificates themselves are only backed by the assets of the bank and not by real gold and silver.

Click here for the full interview on King World News

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Jim Willie on Gold Price Suppression and Manipulation

2010-04-07T18:38:00.001-07:00

Check Out Jim Willie's latest article on Gold Price Manipulation

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Bill Murphy from Gata at the CFTC Meeting - Gold Price Manipulation

2010-04-07T18:08:00.000-07:00

Bill Murphy of Gata presents evidence of gold price manipulation at the CFTC enquiry.

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Price Manipulation in The Gold and Silver Market Whistleblower Interview

2010-03-30T16:40:00.000-07:00

Eric King Interviews Andrew Macguire who blew the whistle on gold and silver manipulation to the CFTC. They talk about the implications of the growing awareness of price manipulation. Also GATA's Adrian Douglas joins the interview

Eric King Interview

In Gold We Trust is a website offering information on buying and selling and collecting gold and other precious metals. The Scrap Gold Calculator will give you up to the minute scrap gold prices,calculate the price of all your gold coins, junk silver coins, old US coins etc

The Latest Report of Scrap Gold Prices

2010-03-26T18:42:00.001-07:00

The Latest Scrap Gold Price Report March 26th 2010

Gold per troy ounce closed at $1106.70 Friday March 26th 2010

Scrap Gold Price Per Gram

10k =$14.85per gram

14k = $20.84 per gram

18k = $26.71 per gram

22k = $32.62 per gram

24k = $35.62 per gram

Scrap Gold Price Per Ounce

10k =$461.99 per troy ounce

14k =$648.12 per troy ounce

18k = $830.92 per troy ounce

22k = $1014 per troy ounce

Visit the In Gold We Trust Scrap Gold Calculator for the most up to date prices

A Layman's Guide to Economic and Financial Collapse

2010-03-21T15:41:00.000-07:00

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Scrap Gold Price Report March 19th 2010

2010-03-19T17:57:00.001-07:00

Scrap Gold Prices Report - Friday March 19th 2010 Sc
(2010-03-19 17:50:42, author: , source: )

Gold per troy ounce closed at $1107 Friday March 19th 2010

Scrap Gold Price Per Gram

10k =$14.85per gram

14k = $20.84 per gram

18k = $26.71 per gram

22k = $32.62 per gram

24k = $35.62 per gram

Scrap Gold Price Per Ounce

10k =$461.99 per troy ounce

14k =$648.12 per troy ounce

18k = $830.92 per troy ounce

22k = $1014 per troy ounce

Visit the In Gold We Trust Scrap Gold Calculator for the most up to date prices

How to Work Out the Value of Canadian Coins that Contain Silver

2010-03-16T20:24:00.000-07:00

This article gives steps on how to calculate the value of both old Canadian coins (junk silver coins) that contained silver and also different Canadian Maple Leafs made of silver and gold.

Canadian Junk Silver Coins are dimes, quarters, halfs and dollars minted up to 1968. Depending on the year they were minted they have varying amounts of silver in them. See list below

1900-1919 Dime (92.5%)
• 1920 -1967 Dime (80%)
• 1967-1968 Dime (50%)
• 1900 -1919 Quarter (92.5%)
• 1920 - 1967 Quarter (80%)
• 1967-1968 Quarter (50%)
• 1901-1919 Half Dollar (92.5%)
• 1920-1967 Half Dollar (80%)
• 1935-1967 Dollar (80%)

Organize your coins according to type and year of mint
Step
2
Go to www.in-gold-we-trust.info to get the current price of silver.

To work out the value of your coin multiply the price of silver by the content of silver in the coin. For example the price of silver is $16 you have a 1910 dime so the value is 16x0.0693= $1.49

1900-1919 Dime (92.5%) = 0.0693 troy ounces of silver
• 1920 -1967 Dime (80%) = 0.0599 troy ounces of silver
• 1967-1968 Dime (50%) = 0.0375 troy ounces of silver
• 1900 -1919 Quarter (92.5%) = 0.1734 troy ounces of silver
• 1920 - 1967 Quarter (80%) = 0.15 troy ounces of silver
• 1967-1968 Quarter (50%) = 0.0937 troy ounces of silver
• 1901-1919 Half Dollar (92.5%) = 0.3456 troy ounces of silver
• 1920-1967 Half Dollar (80%) = 0.2989 troy ounces of silver
• 1935-1967 Dollar (80%) = 0.6001 troy ounces of silver
Step
3
Other Canadian Coins -

The Canadian Mint issues "Maple Leaf" Coins in Gold Silver and Platinum.
Here is some information on the coins and their gold content

Gold
$50 Maple Leaf = One ounce of pure gold
$20 Maple Leaf = Half ounce of pure gold
$10 Maple Leaf = Quarter Ounce of pure gold
$5 Maple Leaf = 1/10th Ounce of Pure gold
$1 Maple Leaf = 1/20th ounce of pure gold

Silver Maple Leafs are minted in Just one Ounce Coins

Platinum Maple Leafs

$50 Maple Leaf = One Ounce of Pure Platinum
$20 Maple Leaf = Half Ounce of Pure Platinum
$10 Maple Leaf = Quarter Ounce of Pure Platinum
$5 Maple Leaf = 1/10th Ounce of Pure Platinum
$2 Maple Leaf = 1/15th Ounce of Pure Platinum
$1 Maple Leaf = 1/20th Ounce of Pure Platinum

Remember Denominations under 1 ounce of platinum maple leafs have not been minted since 2002.

The In Gold We Trust is an Online Junk Silver and Gold Calculator that gives easy up to the minute silver dollar values, prices on all junk silver coins as well as scrap gold prices and the value of gold coins

How to Work Out Scrap Gold Prices

2010-03-16T19:54:00.000-07:00

As people look to cash in their old unwanted gold jewelry it is important for them to know the value of their scrap gold items. This article gives easy steps on how to calculate scrap gold prices

First you need to establish the gold purity of the scrap gold you have. For jewelry this is easy. Gold jewelry is classified in terms of karats (10k, 14k, 18k ,22k). It is usually marked on the jewelry item - you may need you magnifying glass for this.

For other scrap gold items such as CPU chips, gold flake and so on you can establish the purity of the gold by doing an acid test. you can get an acid test kit from ebay.

Once you know the karat value of of your scrap gold then you need to weigh it - knowing the weight in ounces or grams is fine.

Gold under 24 karat is a percentage of pure gold mixed in with other base metals. The percentages for different karats are as follows

10k = 41.7% pure gold
14k = 58.5% pure gold
18k = 75% pure gold
22k = 91.6% pure gold

Example in Ounces

I have 2 ounces of 14k gold. The current gold price is $1100 so the value of my gold is as follows

1100 x 0.585 x2 = $1287

Example in Grams

I have 5 grams of 14 karat gold and the gold price is $1100 per ounce

Gold price per gram = 1100/31.1034768=$35.37

Value of my gold = 35.37x0.585x 5=$103.44

How to Buy Gold - On a Budget

2010-03-13T15:35:00.000-08:00

Buy Old Gold Jewelry
As funny as it may sound buying old gold jewelry is an excellent and easy way to get into investing in gold - especially for those on a budget. Old jewelry is often referred as scrap gold, the price of the scrap gold item will always reflect the current price of gold. For example someone has an 18k wedding band that weighs 3 grams. 18k gold is 75% pure gold mixed with other metals. The gold price per gram at the moment is around $35. 18k gold is therefore $26.50 per gram so the ring is worth $79.68. As the gold price gold up and down so will the value of your ring in proportion to the amount of gold in it. So you have just made a gold investment for under $100. If you buy 10k or 14 rings then obviously it will get cheaper. The trick is knowing the scrap gold value of an item. If you go to www.in-gold-we-trust.info there is a scrap gold calculator that will calculate the value of any scrap gold item.
Scrap gold can be bought easily on Ebay or try your local coin shop or second hand jeweler. You don't want to be paying more than 10% above the scrap gold value of the item though.

Buy Old European Coins
Over 100 years ago almost all European countries had gold coins in circulation, these coins contain small fractions of pure gold in them. An Austrian 1 ducat for example has just over one tenth of an ounce of gold in them. A half British Sovereign has 0.1177 of an ounce of pure gold - pricing them at just over $100. The only draw back with these coins is calculating the current value because they all have very odd amounts of gold in them. If you go to www.in-gold-we-trust.info the gold calculator will calculate the current value of any of these coins.

Buy Silver
Silver is also a precious metal and its price tends to rise and fall with that of gold (click here for explanation of the Gold to Silver Ratio). It is also much cheaper than gold with an ounce costing under $20 at todays prices. What is even better is junk silver coins - old US coins such as Kennedy Half Dollars , Morgan Silver Dollars, Peace Dollars and So On. The great thing about these coins is that they are very low denomination for example a Mercury Silver Dime will cost you under $2. Its value will always reflect the price of silver and you can keep adding to your collection even on a very small budget.
You want to find a dealer that will sell you these coins in small quantities, try your local coin deall or once again Ebay is a great place.
The trick with these coins also is to know the current silver value of each coin you are thinking of purchasing. Go to the In Gold We Trust website linked below and their calculator will give you up to the minute prices on all junk silver coins

In Gold We Trust is a website offering information on buying and selling and collecting gold and other precious metals. The Scrap Gold Calculator will give you up to the minute scrap gold prices,calculate the price of all your gold coins, junk silver coins, old US coins etc

Jim Sinclair Interview 3/10/10

2010-03-10T20:23:00.001-08:00

This is the second part of the interview with Eric King. This is an excellent interview where Jim goes in depth about how Greece is being taken down through derivative trades and how a global currency would be linked to gold.

Jim Sinclair Interview Part 2

Mr Gold Jim Sinclair on Kingworld News Again

2010-03-08T18:51:00.000-08:00

Dont miss this interview with Jim Sinclair on King World News

Click Here

In Gold We Trust is a website offering information on buying and selling and collecting gold and other precious metals. The Scrap Gold Calculator will give you up to the minute scrap gold prices,calculate the price of all your gold coins, junk silver coins, old US coins etc

Investing in Gold - Knowing the Ins and Outs

2010-03-03T20:43:00.000-08:00

Why You Should Not "Invest" in Gold
Don't get me wrong - I am certainly not against buying gold but as an asset class it is worthwhile seeing how it behaves differently to other investments such as stocks, bonds or real estate. When you buy a stock in IBM you receive a yearly dividend (hopefully) and (hopefully) the value of the stock goes up over time, the same when you buy real estate as an investment. With Gold it is a little bit different. The reason why gold is seen as a safe haven is that it is a store of value, it never loses its purchasing power. There is an oft quoted adage that an ounce of gold in Roman times would have bought an army officer a fine suit of clothes, that in Shakespeare's times an ounce of gold would have bought a good quality set of clothes and today with gold at just over $1000 this would buy you a good Armani Suit. BUT just as over time it does not lose purchasing power it does not increase purchasing power. The real long term nature of gold is as Insurance and not as an investment. As wars are fought, governments collapse, economies tumble people have rushed into gold because they know it is a place where they can preserve the wealth they have.

Yes you can point to gold's meteoric rise over the last 8 or so years and say what a great "investment" it has been but if you see gold as insurance and mainly buy it as that then you will be able to withstand volatile swings in price that often occur in the gold market, you will be less worried about day to day actions in price and you will perhaps see that the price of gold did not go up just the value paper money in your wallet went down.

Gold Will Protect Me From Coming Super or Hyperinflation - Or Maybe Not
Many gold commentators talk about excessive money printing by central banks, how it will inevitably lead to sky high inflation even hyperinflation and how gold will protect you. Well yes and no. Gold is not such a immediate hedge against inflation that everybody thinks as much as it a hedge against political risk. When Gold skyrocketed to $850 in 1980 it was not a reaction to high prices so much as to the uncertainty surrounding the future of the dollar. In the following years inflation still persisted but the gold price plummeted. Gold is a hedge against inflation really in the long term because in the long term it retains its purchasing power but will it rise 10% just because inflation rose 10% - history is unclear on that.

There is A High Risk of a Worldwide Currency Collapse - So Gold is the Only Safe Haven????
It is February 2010 and Greece is on the brink of bankruptcy with Portugal, Italy, Ireland and Spain all waiting in line to follow suit, if these countries go down then they will take many others with them. Countries like Germany will also be drastically effected because they lent the money, kept part of the debt and then sold the rest on to Insurance companies and Pension Funds along with insurance called Credit Derivatives. States in the USA like California and Illinois are in worse shape than Greece. The whole worldwide financial system is massively intertwined through a complex system of derivatives, there was massive over borrowing and someone will have to pay the piper. There is therefore a certain inevitability about a full on currency crisis making gold ever more attractive because it is no one's liability it cannot be printed ad infinitum. However much they try governments cannot corrupt it.

However inevitable a currency crisis or collapse may seem to you, for there to actually be one the majority of the market or at least the big players in that market have to agree with you. While the fundamentals are in place it can take a long time for the mass to catch on to those fundamentals. You may not be fooled by bailouts and government posturing but in the short term many people are. So for you to be proved right may take many years with lots of twists and turns.

What we face at the moment is a huge credit collapse never seen on such a magnitude before so who knows how it will play out. If you remember back to 2008 this particular crash caused the gold price to collapse and the dollar to strengthen -so in the short to medium term this could happen again. Once again if you see gold as insurance - the short to medium term does not matter so much.

Gold as Protection during a Financial Crisis
If gold is your only hedge against financial crisis then this could be playing with fire a little. Think that there are many scenarios where having gold will not help because no one has any use for it, no one wants to exchange their bag of wheat for your ounce of gold because well you cant really eat it. Gold is a great store of value but it is not the only one. Food, basic clothes, seeds, - essentials that people always need are also great stores of value with a much wider market so if you are motivated towards buying gold because you envision financial catastrophe then it may pay to have a good think about other stores of value. The great thing is about having a large store of food and essentials is that regardless what happens YOU will always need then. So it is never money down the drain!!!!

Bartering with Gold Could Prove Very Expensive
If you are investing in gold because you envision you may be bartering with it some day - well think on. I'm sure someone will swap a loaf for an ounce of gold but that will be a mighty expensive loaf!!!! Look at having precious metals in smaller denominations - junk silver coins - old US coins that have silver in them are a great alternative. They are easy to buy from any coin store and are very low denomination (a silver dime has less than$2 worth of silver in it )

Here are some links to articles that may be of use

How to Buy Junk Silver Coins

This article is meant for informational and educational purposes only it does not constitute advice of any kind - financial or otherwise.

In Gold We Trust is a website offering information on buying and selling and collecting gold and other precious metals. The Scrap Gold Calculator will give you up to the minute scrap gold prices,calculate the price of all your gold coins, junk silver coins, old US coins etc

Gold Bug - James Dines Interview with Eric King Part 2

2010-03-01T22:04:00.000-08:00

Dont miss the second part of the interview with James Dines

James Dines interview part 2

The In Gold We Trust is an Online Junk Silver and Gold Calculator that gives easy up to the minute silver dollar values, prices on all junk silver coins as well as scrap gold prices and the value of gold coins

Read Between The Lines of Citigroup Customer Announcement for Hint of Bank Holiday

2010-02-26T19:47:00.000-08:00

A recent notice by Citigroup advises its customers that it now reserves the right to require 7 days notice for any withdrawals from its checking or savings accounts - effective April 1st 2010. Read the full article by Paul Watson for more details.

Does this mean the stars are aligning for a good old fashioned bank holiday. Do they foresee a banking crisis a la 2008 happening later on in Spring. Bear in mind that if Greek national debt gets downgraded then this will have huge repercussions for Greek banks who hold the sovereign debt as collateral for new loans and who will need to roll over their debt in the next few months!!!. This could be the straw that breaks the camel's back or the butterfly that gently brushes the first domino. Whatever the metaphor it could be wise to read huge things into this annoucement

In Gold We Trust is an Online Silver and Gold Calculator that gives easy up to the minute silver dollar values, prices on all junk silver coins as well as scrap gold prices and the value of gold coins

What Is Junk Silver and How Can You Buy Junk Silver Coins

2010-02-22T19:00:00.000-08:00

In Gold We Trust is an Online Silver and Gold Calculator that gives easy up to the minute silver dollar values, prices on all junk silver coins as well as scrap gold prices and the value of gold coins

GoldBug : James Dines interviewed on Financial Sense

2010-02-22T17:17:00.000-08:00

Excellent interview with James Dines about his new book GoldBug. He also gives some interesting and rare insight into the 1930s depression.

In Gold We Trust is an Online Silver and Gold Calculator that gives easy up to the minute silver dollar values, prices on all junk silver coins as well as scrap gold prices and the value of gold coins

What is Scrap Gold/ How to Buy Scrap Gold

2010-02-20T16:55:00.000-08:00

The In Gold We Trust is an Online Junk Silver and Gold Calculator that gives easy up to the minute silver dollar values, prices on all junk silver coins as well as scrap gold prices and the value of gold coins

How to Scrap Gold Prices

2010-02-19T18:29:00.001-08:00

How to Buy Silver

2010-02-18T20:46:00.000-08:00

Good information on How To Buy Silver and what your different options are
How to Buy Silver

How to Buy Gold

2010-02-18T20:35:00.000-08:00

Click for Good information on How to Buy Gold

The In Gold We Trust is an Online Junk Silver and Gold Calculator that gives easy up to the minute silver dollar values, prices on all junk silver coins as well as scrap gold prices and the value of gold coins

How to Calculate the Value of Silver Dollars and Other Junk Silver Coins

2010-02-18T18:22:00.000-08:00

Junk silver coins are old US coins that contain silver. Up until 1965, US coins were minted with a 90% silver content. They are a great way to invest in silver but you should know a little about the different coins before buying them. This information below should help you also calculate Silver Dollar Coin Values and other Junk Silver Prices

Junk Silver Coin - Silver Content (ounces)
Dimes
Seated Liberty 1837-1852 0.07726
Seated Liberty 1853-1873 0.07205
Seated Liberty 1873-1891 0.07234
Barber Dime 1892-1916 0.07234
Mercury Dime 1916 to 1945 0.07234
Roosevelt Dime 1946-1964 0.07234

Quarters
Barber Quarters 1892-1916 0.18084
Standing Liberty Quarters 1916-1930 0.18084
Washington Quarters 1932-1964 0.18084

Half Dollars
Barber Half Dollar 1892-1915 0.36169
Walking Liberty Half 1916-1947 0.36169
Franklin Half Dollar 1948-1963 0.36169
Kennedy Half Dollar 1964 0.36169
Kennedy Half Dollar 1965-1969 0.14789

Silver Dollars
Trade Dollar 1873-1885 0.78761
Morgan Dollar 1878-1921 0.77343
Peace Dollar 1921-1935 0.77343

To calculate the value of each coin get the current silver price from the website linked below and then multiply that by the silver content in each coin. So for example if the Silver Price is $16 then the value of a Morgan Silver Dollar is 16x0.77343=$12.37.

Remember that when you go and buy these coins the dealer may quote the price in terms of "face" (i.e. face values) in the above example he might quote you 12.3 times face. It is always handy to know the spot price of any coin before buying it so you know how much premium you are paying. For these kind of coins in small amounts it is not unreasonable to pay up to 20% and this premium will get less the more you buy.

The In Gold We Trust is an Online Junk Silver and Gold Calculator that gives easy up to the minute silver dollar values, prices on all junk silver coins as well as scrap gold prices and the value of gold coins

How to Buy Junk Silver Coins

2010-02-17T20:43:00.001-08:00

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Decide which Junk Silver Coins to buy.Morgan Silver Kennedy 1964 Half Dollars, Mercury or Roosevelt dimes might be the best place to start.
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Step 2

Calculate the current spot silver value of the junk silver coins you have chosen to buy. You can do this either by going to www.in-gold-we-trust.info and use their junk silver calculator which will work out the values for you or alternatively take the current silver price and multiply it by 0.36169 (for Kennedy Half Dollars) or by 0.07234 (for Mercury Dimes)

Lets say the Silver price is $16 and you want to buy some Kennedy Half Dollars so the spot silver value of each is $5.78. Any dealer will charge you a premium above the spot value of the coin and they will often quote the price in terms of "face" (i.e. face value) So for example our Kennedy Half Dollar that is worth &5.78 would be quoted at around 11.5 times face. The face value is 50 cents, the spot silver value is $5.78 s divide %5.78 by 0.5 which gives you roughly 11.5 times face.

What ever the face price is for Kennedys will also be the same for Mercury Dimes, Roosevelt Dimes and Barber Quarters. So a Mercury Dime at 11.5 times face will be worth $1.15 and so on.
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Step 3

Once you know the value of the coins you want to buy then you can start shopping around. Some dealers will only sell Junk Silver Coins in $1000 bags face value - which may end up costing you $12-13000. If buying such a large amount the maximum premium you should look at paying is 10% and shop around for less!!!!

If you are on a smaller budget do not worry - many coin dealers will sell you individual coins - meaning you can start investing in silver for as little as $1.50!!!!. My experience has shown that your local coin shop will offer better prices than large internet retailers so its worth shopping around. Buying singles or smaller lots may push the premium you pay up to 20%

Another great place to buy junk silver coins is on Ebay. Many sellers will sell in smaller quantities and offer free shipping. One trick I picked up was to calculate the spot value of the lot they were selling and put in a bid just s tiny but above that spot value and to do this for many different lots. Often I would win at least a couple of bids the bid because not so many people were bidding on that lot.

In Gold We Trust is an online coin bullion and scrap gold calculator that offers up to the minute valuations on all your gold coins, junk silver coins , scrap gold and so on

The Gold to Silver Ratio

2010-02-17T14:23:00.000-08:00

The Gold to Silver Ratio is the number of silver ounces that you can buy with one ounce of gold. Today's gold price $1106 and the silver price is $15.89. 1106/15.89 giving a gold to silver ratio of 69.60.

Why is this Important?

The gold to silver ratio has only ever been as high as 80 and as low as 17. If you believe that the price of gold and precious metals is on the up then the potential for silver to rise at a greater rate than gold is very high as the potential for the gold to silver ratio is more likely to go down than up considering how far it is from its historical low.

Also consider that as more people move into precious metals and the gold price goes up then it becomes less and less accessible to the general public as it becomes more expensive - leaving silver as the next best option. Thus fueling a slide down in the gold to silver ratio.

In Gold We Trust is an online coin bullion and scrap gold calculator that offers up to the minute valuations on all your gold coins, junk silver coins , scrap gold and so on

Superb Interview with Ambrose Evans Pritchard - The Euro Crisis

2010-02-17T14:11:00.000-08:00

Click below to listen to an excellent interview with Ambrose Evans Pritchard reporting on the current Euro crisis - he gives an indepth understanding of the extent and consequences of the problem.

Mcalvany interview Ambrose Evans Pritchard

In Gold We Trust is an online coin bullion and scrap gold calculator that offers up to the minute valuations on all your gold coins, junk silver coins , scrap gold and so on

Why You Should Not Invest in Gold

2010-02-15T21:37:00.000-08:00

In Gold We Trust is an online coin bullion and scrap gold calculator that offers up to the minute valuations on all your gold coins, junk silver coins , scrap gold and so on

Jim Sinclair on King World News

2010-02-15T19:03:00.000-08:00

Catch the latest interview with Jim Sinclair on King World News. He offers excellent insight into the worsening financial crisis and the future of the gold price

Jim Sinclair interview

In Gold We Trust is an online coin, bullion and scrap gold calculator that gives up to the minute values on your junk silver coins, scrap gold, jewelry, gold coins etc

Gold $5000 by Martin Armstrong

2010-02-03T19:09:00.000-08:00

This ia an article written by Martin Armstrong about the gold market. He is never to be underestimated and always interesting.

Gold $5000

In Gold We Trust is an online tool for calculating up to the minute values on all your precious metal items (gold coins, silver dollar coin, scrap gold, platinum and so on)

How Many Grams in an Ounce of Gold

2010-02-01T21:08:00.000-08:00

Gold is measured in troy ounces. So when you see the price of gold is $1000 - this is for one troy ounce.

One troy ounce has 31.1.034768 grams in it. Many people round it up to 31.1. grams for simplicity sake

OR...

it is way easier to just go to In Gold We Trust which is a Coin, Bullion and Scrap Gold Calculator and it will work it out for you with the current price of gold

In Gold We Trust is an online coin bullion and scrap gold calculator that offers up to the minute valuations on all your gold coins, junk silver coins , scrap gold and so on

Investing in Silver / Which Silver to Buy

2010-01-31T17:10:00.000-08:00

A short video going into detail about investing in silver

In Gold We Trust Scrap Gold Calculator is an online tool that gives up to the minute prices on all gold silver and platinum coins, bullion and scrap

What is Gold Price Per Pennyweight

2010-01-31T17:05:00.000-08:00

Another common question that comes up is how much is a pennyweight (DWT) worth. Pennyweight is a fraction of an ounce. There are 20 pennyweights to one ounce. So take the reported price of gold and divide it by 20 to get the current gold price per pennyweight.

In Gold We Trust Coin Bullion and Scrap Gold Calculator is an online tool to give you up to the minute values of all gold coins, junk silver coins, silver bullion, platinum coins and jewelry.

The Times Reports Cash For Gold Companies as a Bad Deal

2010-01-21T18:52:00.000-08:00

In the Times Today they reported that the Office of Fair Trading is launching an investigation into mail in cash for gold companies - saying that they are offering extremely low prices for jewelry sent in. One example was just over 10 pounds being paid for a bracelet that originally cost over 200 pounds.

Mailing in gold or selling your scrap gold to these companies is probably not the best way to sell your jewelry and certainly not the only one. You have to think that all the cash for gold company is going to do is ship sent in gold off to the refiner. The most the gold is ever going to be worth is the spot price of gold. The refiner takes their cut (between 5-10% typically) and you cash for gold company has to cover their costs ( getting Anne Diamond to appear on an advert amongst others) and make some profit meaning that what you get at the end is going to be a lot shy of the gold vlaue of your jewelry.

I am not sure that the Cash for Gold Companies are a rip off but that people have an over inflated idea of what their jewelry is worth based on what they paid for it. When you bought your ring etc your bought it for its utility and emotional value. A thick 14 karat wedding band may have set you back originally 600 pounds or $1000 but this ring that lets say weighs 6 grams only has about 80 pounds ($120) worth of gold in it and your cash for gold company will only pay you a fraction of this.

Other and perhaps better ways to liquidate your jewelry would be Ebay where you can easily get over the gold spot price or simply take your jewelry to a local second hand jewelers or coin shop who are likely also to ship it off to the refiners but have not had to pay Anne Diamond to convince you to part with your rings and necklaces therefore offering you a better price.

Before you do anything always make sure that you know how much your jewelry is worth - i.e the scrap gold value. www.in-gold-we-trust.info has a scrap gold calculator allowing to easily calculate the value of any gold jewelry. Check out this You tube video explaining how to use it

http://www.youtube.com/watch?v=v93clZ3s97Y

The Risks of Paper Gold

2010-01-19T20:22:00.001-08:00

James Turk from Gold Money talks about the risks of paper Gold

How to Calculate The Gold Price Per Gram

2010-01-09T20:47:00.000-08:00

I recently saw many questions online about how to calculate the gold price per gram. Gold is commonly priced in troy ounces but the many people outside the USA use the metric system so need the price in grams especially when trying to calculate scrap gold prices.

1 troy ounce of gold contains 31.104768 grams

So you just need to take the current market price of gold and divide it by 31.105768 and then you have your price per gram

Alternatively you can go to www.in-gold-we-trust.info and use the coin, bullion & gold calculator and follow these instructions

Select Gold
Select Gold Bullion
Select Grams
Enter quantity

This will give you the current price of gold per gram quickly and easily.

What is Scrap Gold/ How to Buy Scrap Gold

2010-01-07T19:53:00.000-08:00

In Gold We Trust - Coin, Bullion & Scrap Gold Calculator
Information on Scrap Gold, How to buy Gold Scrap and How to Calculate the Value of Scrap Gold

What is Junk Silver / Junk Silver Coins

2010-01-03T22:44:00.000-08:00

Below is a video about Junk Silver Coins - What are Junk Silver Coins - Why Junk Silver is a Great Buy and How to Calculate the Value of Junk Silver Coins using the Coin, Bullion and Scrap Gold Calculator

www.in-gold-we-trust.info

Gold Confiscation

2010-01-03T17:49:00.001-08:00

Follow this link for a great article by Trace Mayer from Run to Gold about Gold Confiscation.

http://www.runtogold.com/2008/11/gold-confiscation/

www.in-gold-we-trust.info Gold Calculator & Precious Metals Calculator

2010-01-03T17:47:00.000-08:00

www.in-gold-we-trust.info offers a great tool for anyone who owns gold, silver or other precious metals. The Gold Calculator gives up to the minute valuations on all types of gold silver and platinum coins. The Gold Calculator calculates the precious metal content based on the current market value of the metal and the content of the coin or jewelry.

You can also sign up for free and create a portfolio where you can list and track all your coins and jewelry.

www.in-gold-we-trust.info

Why Gold - Simple Explanation and Some History

2009-12-27T09:37:00.000-08:00

Below is a Player with Broadcasts by Dominic Frisby. There is one he did back in July (broadcast number 16 on the player) Called " Why is Gold the Currency of the Free and Idle" Dont be put off by the title - it is a very simple and detailed explanation of gold, its history and why it is such a sound place to put your money.

www.in-gold-we-trust.info How to Use the Gold Calculator

2009-12-23T16:08:00.000-08:00

Demo of the Coin Bullion and Scrap Gold Calculator at www.in-gold-we-trust.info

You Cant Give Gold Away

2009-12-23T15:01:00.001-08:00

Great video clip of Mark Dice trying to sell one ounce of gold for as little as $5