Dear Friends, June 2018

Transcription

1 Dear Friends, June 2018 Gold certainly is real money. Unless redeemable into physical gold or silver, other financial mechanisms contending to be money are actually forms of credit. Remember credit is debt and all debt must be repaid by either the lender or the borrower. GOLD has been forming a probable Bottom Pattern for five years now. It has taken on a Reverse Head-and-Shoulder type shape with the right side forming a narrowing triangle. The neckline is somewhat downward sloping. (See Weekly Chart at right) The daily chart has a series of rising bottoms and mostly rising tops, the definition of a Bull Market. Part of the forming Triangle is composed of a rising trend channel line, identified with rising light black parallel lines. The May 25th held the trine (120 degree 1

2 of separation) aspect between Jupiter & Neptune. We issued a BUY signal here in this CP newsletter on April 5, 2001 under similar circumstances, and held it most of the time for several years. There has been no evidence of immediate progression as this is a long term aspect. In the end, the price must break above recent highs in the low 1360 s and then the next resistance at After that, the sky is the limit. If the FOMC falters this month, we may see a sharp breakout move take place immediately! ~Arch Crawford ~ The above article relating to gold is only a small To subscribe to CRAWFORD PERSPECTIVES, E. Sunrise Drive, Suite #70, Tucson, AZ Tel. (520) ) The Panic of 1907 was a financial crisis set off by a series of bad banking decisions and a frenzy of withdrawals caused by public distrust of the banking system. J.P. Morgan and other wealthy Wall Street bankers lent their own funds to save the country from a severe financial crisis. But what happens when a single man or small group of men have the power to control the finances of a country? In this lesson, students will learn about the Panic of 1907 and the measures Morgan used to finance and save the major banks and trust companies. Students will also practice close reading to analyze texts from the Pujo hearings, newspapers, and reactionary articles to develop an evidence-based argument about whether or not a money trust a Morgan-led cartel existed. ~ Economic Research Federal Reserve Bank of St Louis "Money Is Gold and Nothing Else" Following the Panic of 1907, John Pierpont Morgan was called to testify before Congress in 1912 on the subject of Wall Street manipulations and what was then called the money trust or banking monopoly of J. P. Morgan & Co. In the course of his testimony, Morgan made one of the most profound and lasting remarks in the history of finance. In reply to questions from the congressional committee staff attorney, Samuel Untermyer, the following dialogue ensued as recorded in the Congressional Record: Untermyer: I want to ask you a few questions bearing on the subject that you have touched upon this morning, as to the control of money. The control of credit involves a control of money, does it not? Morgan: A control of credit? No. Untermyer:But the basis of banking is credit, is it not? Morgan: Not always. That is an evidence of banking, but it is not the money itself. Money is gold, and nothing else. ~~~ 2

3 GOLD CATEGORY ONE ~ INSURANCE BULLION COINS AND BARS This is the category of the lowest premium items for your gold acquisitions. A favorite here is still the 1oz Gold Eagle. It has been minted each year since 1986 and was fashioned after the beautiful $20 St Gaudens coin. The Gold Eagle, like most bullion coins is available in 1ounce, 1/2ounce, 1/4ounce and 1/10 th ounce sizes. You can purchase singly or in rolls or mint boxes of 500 ounces. As you can see, there are many other bullion coins available. Most folks develop a favorite If you d like some ideas for a special occasion, just give us a call. Helping you is what we re here for! A new coin this year is the 2018 Queen s Beast Black Bull. It is one full ounce of.9999 gold. Or, if you prefer, it is also available in 1/4oz.Size. If you have done well in the bull market recently, this could be a great way to celebrate! 3

4 CATEGORY TWO INSURANCE WITH A KICKER SILGHTLY CIRCULATED U.S. VINTAGE GOLD The XF $20 Saint Gaudens or Liberty Gold Coins are available at nearly bullion prices at this time. These U.S. Gold coins contain nearly one full ounce of gold and were minted to be uses as a legal tender of $20 These beautiful coins are 100 or more years old and have probably been in a cowboys pocket or perhaps sitting in a bank vault somewhere for years. They are still in Extra Fine Condition and are beautiful to behold, even better to hold in your own hand! Also, good choices could be the $10 Indians. In this second category we also include the French 20 Francs and British Sovereign. Gold maintains its value throughout history, unlike paper currency. It is easy to obtain and with physical gold, it is possible to hold a lot of wealth in the palm of your hand. Gold can be looked at like portable real estate; Except that gold is much easier to liquidate than real estate when you choose to. Buying and selling precious metals does not require the reams of paperwork that comes with many other investments. It is also a private way to pass along your wealth to your loved ones. A common misconception is that only the rich can own precious metals. Wrong! With less than $500 a person can pick up a peace of Gold or a roll of Silver. Platinum and Palladium are also good to add to a portfolio for some diversification. 4

5 Some folks in groups such as investment clubs or churches or families have been able to purchase metals as a group then divvy it up according to each ones budget. This can be a great way for the small investor to get started or add to their holdings. This also can save on the shipping costs. Coins of precious metal are an excellent way to commemorate an important event such as a birthday, anniversary or promotion. Gold coins first appeared around 800 B.C. The worldwide respect for gold as a store of wealth and value has been interwoven for thousands of years into many cultures. It has withstood the test of time as money longer than any other thing in history. CATEGORY THREE MINT STATE U.S. VINTAGE GOLD We have always liked and continue to recommend the PCGS or NGC graded U.S. gold coins such as the $20 St Gaudens or $20 Liberties. Our favorites are MS62 through MS65. The common date coins in middle to higher grades are readily available at very low premiums now. For the true collectors, we still pride ourselves at bringing our client the best dates and grades prices that are usually far below most of our competitors. Call for current prices, availabilities and recommendations! Numismatic coins are at some of the lowest premiums we have seen in years! 5

6 SILVER CATEGORY ONE INSURANCE Circulated U.S. Silver coins that were minted prior to 1965 were 90% silver, and 10% copper. The term junk silver as it is sometimes called, is common language among most of investors, It was used as money back when our pocket money had the integrity of actually containing real silver for trade. Since 1970 the coins minted contain ZERO precious metals and are truly junk. Our dollar, half dollar, quarter dime and even the modern penny no longer contains any value other than what the government claims it to have. Some of us who realized real money was to become scarce started putting away the good change years ago and it would be a rare thing indeed to find even one 90% silver dime now out in your day to day change purse. How is 90% silver coinage purchased? They are sold by the face value. Face value on the coin. For instance, two half dollars, four quarters or 10 dimes= $1 face value. What the metals market calls a full bag of 90% silver is $1000 face value. The silver is also sold in $500 face value bags (half bags) or $250 face value bags or (quarter bags of silver) To understand what you are paying per ounce of silver, Get the price of the full bag, A full bag of 90% is going for about per face value. Multiply that times 1000 =$ Divide $12,720. The cost of a full bag by 715 (the amount of actual silver content in that bag) and you get which is the price of the silver you are getting. It equates to some pretty inexpensive silver! The premiums as in any commodity can and will fluctuate depending if there are more buyers than sellers or more sellers than buyers. The U.S. mint stopped making these silver coins in 1964 and did not mint silver again until 1986 when they put out the 1oz Silver Eagle bullion coin which contains 1 full ounce of silver and was never intended to be spent at its face value. The U.S. Silver Eagle coin as well as the Austrian Philharmonic and Canadian Maple Leaf and Australian Kangaroo and other Silver bullion coins can be purchases in rolls or in Mint Boxes of 500 ounces. With Silver at such low prices, it could be a good time to pick up some rolls from different countries too. Silver 6

7 bullion coins and rounds or bars are something most anyone can afford to collect and build on. Start now! Sitting on the fence too long nearly always ends in regrets and missed opportunities. Make decisions not just plans for your future. Pictured below is the 2018 Black Bull of Clarence. This might be a fun way to celebrate a goood run in the stock market, while protecting your initial investment from the inevidable turn in the over due market. Remember, nothing goes up or down forever. Smart investors buy low and sell high. Now is the time to buy physical metals! PLATINUM AND PALLADIUM BULLION COINS AND BARS Platinum and Palladium are the other white precious metals you should pay attention to. Both of these metals are more rare even than Gold and they are available presently at hundreds of dollars less per ounce! Someone asked me today if I thought Silver or Platinum was the better buy at this time. I feel that it depends on what you reason is for owning it. Gold and Silver have been considered hard money. Meaning they are a store of wealth that is put away for a hedge against inflation or to protect purchasing power. 7

8 Many of us enjoy bartering with Gold and silver. Platinum and Palladium, however, are primarily thought of as industrial metals. They are metals of great rarity and value which just happen to be undervalued too at this time. Platinum is the third most traded of the precious metals. It is used in catalytic converters and fuel cells, spark plugs and is vital to the world s supply of petroleum. Platinum is also used in medical implants and chemotherapy. Because it has more density than Gold, Platinum is often used in jewelry too. Palladium is starting to be used for much the same things as Platinum. These metals can be bought in either coin or bar forms. Resource Consultants, Inc. can help you to buy or sell metals in you precious metals IRA too. Please call us any time Monday through Friday for current prices or to place an order. We are also here when you are ready to liquidate some of your holdings One bit of housekeeping. If you have moved or have changed your phone number or address please call us and get us updated so we can continue to serve you better. That s about it for now. Please share our free newsletter with your friends and family. They can subscribe on our web page You can also find Resource Consultants, Inc. on Face Book. Please like and share! Our friend Kenn Riordan will be contributing to the upcoming newsletter in a few weeks. Stay tuned. He always shares important information you will never hear in the media! Thank you again for your business, your friendship and your referrals. We look forward to hearing from you soon! All the best to each of you and God bless you all! Linda Gorman and the RCI family Resource Consultants, Inc

9 P.S. Quite a few folks have called me recently asking about that health product you were talking about in a letter way back In answer to some questions yes, my family and my I still use it and yes we love the results we ve seen, and yes you can get it too! To learn more about it or to place an order or to find out how to become a preferred client or a member of my team please visit my site. Copy and paste into your browser lindagorman.teamasea.com ASEA is REXOX Signaling Molecules which are suspended in a solution which keeps them stable and accessible to the body. RSM are messengers produced by the mitochondria in cells. They are working within your body right now, detecting cell damage, weaknesses or dysfunction. In proper balance, RSM detect cellular problems and work to correct them, protecting and rejuvenating our cells. As we age, RSM levels decline. As fewer cellular messages are sent, the body s ability to detect and repair problems declines as well. Redox Signaling Molecules or RSM in ASEA have been shown to: Support Cellular detoxification and repair Support Cellular growth regulation Support Youthful metabolism Support Restorative sleep Support Healthy hormone levels Defend against illness Heal wounds Repair UV Damage Fortify Blood Vessels Repair Arteries Reverse Oxidative Stress Fortify Bones and much more! ~ Essentially, if it is a cellular issue, ASEA is good for it! lindagorman.teamasea.com 9