United Coin and Precious Metals 6/17 950 Silverado Street La Jolla, CA 92037

The Federal Reserve Could Raise Interest Rates

The dollar has been rising, and many people wonder how long this could go on. The US dollar index  tracks the USD’s strength against six currencies mostly weighted toward the euro. Having touched a 12-year high on Friday, the dollar continues a record setting pace over the past eight months, its fastest rise in 40 years.

Many dollarbugs are claiming that the bull market will continue into the foreseeable future. Continue reading

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Dollar’s Strong Showing At Prospect of Interest Rate Rise

The dollar has had a strong showing as higher US interest rates remain on the minds of investors, and many are predicting that the dollar rally is not over.

The dollar index reached a new 12-year high on Tuesday, now up 3.3 percent for March. The yen fell relative to the greenback and the euro moved sideways, moving towards to parity at $1.07 relative the dollar. Continue reading

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La Jolla Has High-Tech Option For Gold: Edition Apple Watch, Made Of Gold, Selling For $10,000

Anthony Wing Kosner, a designer and developer who writes for American business magazine Forbes, said before the Apple Gold Watch price unveiling: “When Tim Cook [the Apple chief executive] hits the stage to reveal availability and pricing information about Apple Watch, the biggest question he will answer will be about the price of the high-end Edition line. Continue reading

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How To Buy Gold Coins

Buying gold coins allows you, the investor, to diversify your investment portfolio and protect yourself against market volatility. Building a collection of gold coins is a great way to start diversifying your overall investment portfolio. Owning gold comes in many different flavors, and can possibly become overwhelming for the unexperienced, but the truth is with some basic knowledge you can ensure you are protecting you and your family from futures economic volatility.

If you are ready to buy gold coins now, click here.

Gold Bullion Bars and Ingots

When most people think of gold, they think of large gold bars stored in vaults deep below the surface of the earth. In fact, gold bars come in many different shapes and sizes in order to meet the needs of different investors. Gold bullionbars are sold by the troy ounce and are sold in common sizes of one troy ounce, 10 troy ounces, 100 troy ounces or larger sized gold bars. Most gold dealers will sell these bars for a percentage over the spot price of gold. The smaller the bar the larger the percentage (or premium) you will pay. This form of gold is usually purchased by people or corporations looking to make large investments in gold.

Gold Bullion Coins

Nation-states and private companies produce gold bullion, oftentimes in a coin shape, but also as a bar. The ones that are minted by governments have monetary value, while those minted by private mints do not. The values on the government minted coins are often far less than the value of the coin content and so the official value is largely ceremonial.

Gold Bullion coins come in sizes small and large, beginning with 1/25 troy ounce, 1/10 troy ounce, one quarter troy ounce, half a troy ounce, one troy ounce and even five troy ounce sizes.

For the small investor interested only in gold content, than bullion coins are the place to shop, as they do not come with the added value of a numismatic gold coin Some of the most recognized coins in this space are US Gold Eagles, US Gold Buffalo, South African Krugerrands, Canadian Gold Maple Leafs and Austrian Philharmonic gold bullion coins.

Common U.S. Gold Coins (Pre-1933)

Coins minted by the US government until the year 1933 are today considered collector’s coins or semi-numismatic and numismatic coins, depending on their rarity and condition. Until 1933, gold coins were used in the US economy until President Franklin D Roosevelt recalled all gold coins.  Many people did not turn over their gold.

Modern U.S. Commemorative Gold Coins

In 1982 the US Mint continued its commemorative coin program. The United States mint continues to make commemorative gold coins and you can purchase them directly from The United States Mint.

Mexico 2 Peso Gold Coin 1945 - Photo courtesy of Don’s World Coin Gallery, www.worldcoingallery.com

Mexico 2 Peso Gold Coin 1945. Photo courtesy of Don’s World Coin Gallery, www.worldcoingallery.com

Foreign Gold Coins

Example of forum coins popular in San Diego are  Mexico 2 Pesos, Mexico 50 Pesos, Switzerland 20 Francs, Britain 5 Pound and Austria 100 Corona.

Rare U.S. Gold Coins

United Coin & Precious Metals has prepared a guide for buying such rare US gold coins.
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Gold Futures Score First Gain In Four Sessions

Gold futures scored their first gain in four sessions on Wednesday, buoyed by comments from Federal Reserve Chairwoman Janet Yellen, a weaker U.S. dollar and signs of rising demand from China. Continue reading

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US Department Of Justice Investigating Banks Over Precious Metals Manipulation

US officials announced they were investigating no less than 10 major banks for possibly rigging the precious-metals markets, despite the fact that European regulators dropped such a probe after finding no such evidence.

Continue reading

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Major Gold Strike Underway In South Africa

More than 2,000 unionised workers at the Lumwana copper mine, owned by Barrick Gold Corp., went on strike Monday demanding an explanation of their future once the company closes the operation, according to a senior government official.

“They are demanding to know their future when the mine is closed,” Amos Malupenga, the top civil servant in North-Western province, told Reuters. Continue reading

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Gold Low On Greek Debt Deals

GOLD BULLION halved an earlier 2.0% rally from new 6-week lows on Thursday in London as world stock markets crept to new record highs and the Euro whipped on the FX market following Greece’s formal request for an extension to its current bail-out loans.
Gold prices had earlier “reacted to the more dovish” minutes from the latest US Federal Reserve policy meeting, released late Wednesday, according to one London bullion bank.

Continue reading

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Despite Budget Shortfall, San Diego To Spend $550,000 On Pothole Assessment

San Diego’s streets may be one step closer to repairs.

The city unveiled a new high-tech car Tuesday meant to help show city officials where the worst roads are.

Late last year, NBC Investigates revealed the city has paid out more than a million dollars in claims for damage caused by potholes on city streets.

Continue reading

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Royal Mint to start selling precious metals online

The Royal Mint has started selling gold and silver bars directly to the public for the first time.

Silver minted bars are available in 100g units, while the gold bars range from 1g to 100g.

Depending on the price of the precious metals at the time of purchase, a 1g gold bar could cost around £40, while 100g could be around £2,800. Continue reading

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World Spot Prices
(Updates Every 30 Seconds)
1.38

Gold

Bid: $1,503.53
Ask: $1,504.53
0.12

Silver

Bid: $17.94
Ask: $18.04
-18.61

Platinum

Bid: $939.12
Ask: $944.12