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Wall Street advises caution on gold prices next week
- March 21, 2024
- Posted by: Agbaje
- Category: Buy Gold, Gold, Gold Investing, News
No CommentsInflation data significantly influenced last week’s movements in the gold market, but as the week progressed, the focus shifted to the Federal Reserve and the anticipated adjustments in interest rates. Following Wednesday’s Federal Open Market Committee (FOMC) meeting, the Fed’s indication of maintaining three projected rate cuts in 2024 sparked a surge in gold prices.
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What are coins made out of in the USA?
- March 3, 2024
- Posted by: Agbaje
- Category: pennies
In the United States, the composition of coins has evolved over the centuries. Today, four main types of coins are in circulation: pennies, nickels, dimes, and quarters. Pennies (One Cent):Â Since 1982, the U.S. Mint has made pennies from a core of 99.2% zinc and a plating of 0.8% copper. This gives pennies their distinctive
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How Much Does a Quarter Weigh
The quarter is a critical part of American currency. Despite its modest monetary value, this coin is a marvel of precise engineering and manufacturing. Each quarter element, including its weight, is standardized and monitored meticulously to ensure consistency and reliability. While it might seem trivial, the weight of a quarter is crucial, contributing to its
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Four States Consider Lifting Taxes On Precious Metals
- February 12, 2024
- Posted by: Agbaje
- Category: News
Earlier last month, lawmakers in four states took significant steps toward reducing the tax burden on precious metals investments. In a move aimed at encouraging investments in gold, silver, platinum, palladium, and even copper bullion, legislative proposals in Kentucky and Wisconsin sought to remove state sales taxes. At the same time, Georgia and Kansas focused
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What State has the Most Gold?
When you think about gold in the United States, California likely comes to mind. The state is historically associated with the Gold Rush of 1849, which drew thousands of prospectors and led to the rapid settlement of California. However, while California may be famous for its gold discoveries, other states have the most gold. That
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The 1964 Half Dollar
For many collectors and investors, yesteryear coins possess an allure unmatched by modern minting. One such coin is the 1964 half dollar, a piece mired in historical significance and tangible value. This article delves into the captivating details of this particular coin, shedding light on its history, value, and why it remains sought after even
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What is the Petrodollar?
- August 8, 2023
- Posted by: Agbaje
- Category: Financial institutions
The term ‘petrodollar’ was coined in the 1970s after the Bretton Woods collapse when a system was established to sell oil in U.S. dollars exclusively. This system has immense implications for international trade and the global economy. The petrodollar system originated from agreements between the U.S. and Saudi Arabia which were later extended to the
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Who’s on the Dime?
- July 27, 2023
- Posted by: Agbaje
- Category: US Dime
From everyday transactions to rare coin collections, dimes have been part of American life for centuries. Known for its compact size, the dime, equivalent to 10 cents, has an interesting story behind its design. This article explores the history of the US dime, and some fun facts about this crucial component of American currency. Who’s
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Indian Head Penny
- July 17, 2023
- Posted by: Agbaje
- Category: Precious Metal, Uncategorized
The Indian Head Penny, a widely cherished coin among collectors and historians, holds a unique place in American numismatic history. Named for its captivating design depicting Liberty in a Native American headdress, the Indian Head Penny was minted from 1859 to 1909, a period that witnessed considerable changes in American society and economy. Indian Head
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Understanding the Value of Silver Coins
- May 23, 2023
- Posted by: Agbaje
- Category: Silver
The intrinsic value of silver coins primarily hinges on their silver content and the current market price of silver. Silver coins, like bullion bars, are considered a tangible asset. This is because they are physical commodities with intrinsic value, which means they will always be worth something, irrespective of economic swings. The face value of
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