History of the United States Mint

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The United States Mint is responsible for producing and circulating all coinage for use in economic trade or commerce. However, few are actually aware of the history behind this financial intuition. In the beginning of America’s days as a colony, each state produced its own currency or accepted foreign coins as a means of payment. Massachusetts was the first of the colonies to produce a paper currency, which later gave rise to Continental Currency in an effort to finance the Revolutionary War. However, these paper notes had no solid backing of any kind other than predicted taxes revenue collected from each colony. In 1781, The Continental Congress sought to increase confidence in its currency through the establishment of The Bank of North America in Philadelphia, which was then the capital. The printing of money was left to private banks who printed notes of all kinds. As a result, paper notes and coins were easily counterfeited. Silver bullion coins were easily pressed and engaged with images and the exchange rate varied throughout each colony. Continue reading our market analysis

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Nixon and the Gold Standard

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The Gold Standard

The United States had been under the gold standard from 1879-1933. Following the bank failures of the Great Depression in the 1930’s and the stock market crash of 1929, President Roosevelt enacted the Gold Reserve Act of 1934. As the US was still facing the the after effects of the economic turmoil, this act attempted to counter these effects by confiscating the majority of gold owned by Americans in the 1930’s in return for paper money.

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Gold is Great but Silver is Special

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Like two wings of a bird the discerning investor needs both to soar.

History of Gold and Silver

When it comes to investing, precious metals investments really are a no-brainer. Precious metals are respected no matter what part of this world you are in. Gold has been used as a form of payment for thousands of years and has always been desired and sought after. The earliest known example of gold in a coin is around 800 B.C. 300 years later, they were striking pure gold coins during the time King Croesus reigned over Lydia. There are much earlier examples of people making precious and treasured items out of gold, as early as 3,000 B.C. Continue reading our market analysis

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JP Morgan and Its Love for Silver

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JP Morgan is Buying Lots of Silver

JP Morgan is buying monstrous amounts of silver. They have already stockpiled a very large amount of silver already. Being one of the most powerful banks in the world, is it fearing a hit to its reputation in case of another financial recession?

The bank’s stockpile of silver has already reached astounding levels within the last 4 years. Although it had nearly no silver by 2011, It drastically increased its silver stockpile by purchasing nearly 5M ounces of silver within one year. Continue reading our market analysis

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Popular Coinage of America

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Saint-Gaudens coins

A big part of any respected country is their monetary system. When the United States was formed, they had a big challenge on their hands. They had to create a system that other countries recognized and respected. The Coinage Act, which was passed on April 2, 1792, created the United States Mint and the U.S. Mint building in Philadelphia. This was actually America’s first Federal building after the Constitution was signed. The first director of the Mint was David Rittenhouse. In March of 1793, the first batch of American coins was produced. It consisted of 11,178 copper cents.

America and its monetary system have come a long way since 1793. Over the years, the coins have varied in size, denomination, and appearance. A lot of people consider America’s money unique and collectible. People from all over the world have collected U.S. coins over the years. However, every once in a while the United States produces something extra special that’s absolutely gorgeous and these coins are still well sought after today. Continue reading our market analysis

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Is the Stock market ready for a correction or will the Rally continue?

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Of all the things so uncertain and fragile about the stock market, I can tell you one thing that is repeatable and very certain about the market. It goes through a correction.

It’s been 6 years since the last correction and ever since then investors have been wary of the next correction. They know that putting their money in the stock market is like riding a race car without brakes, if you take the wrong turn, there is no coming back.

While investors are in love with the market’s performance right now, some still remember the bleak aftermath of the last stock market crash and the damage it did. They know it is going to come back and wreak havoc on their portfolios yet again.

So, how near is the next crash or correction? Let’s look into some factors that might signal a coming correction: Continue reading our market analysis

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Why a Precious Metals IRA is Smarter than You Think!

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It’s no secret that our national debt has a big impact on Americans in an every-day way, and you’ve probably considered how our national debt and market instability can — and perhaps already has — impacted your life savings or retirement planning. Maybe you’ve weathered the market for many years and watched your investment accounts be almost entirely decimated in the most recent stock market crash, or perhaps you got lucky, and made all of the right moves to avoid losing everything. Whatever the case may be, almost any wise investor has considered that history may repeat itself. Although many don’t act on these thoughts among all of the chatter that investors should remain calm, the United States debt dilemma is nothing short of concerning. With the value of the dollar diminishing, many savvy investors are looking to alternatives.

Why Should You Be Concerned?

If one thing is for sure, the massive debt in the U.S. is unsustainable. From credit downgrades, to debt ceilings, and government shutdowns, our country has seen a handful of issues associated with our government’s inability to balance the budget. As a direct result, the dollar has lost much of its value and global appeal. The economy slows, and suddenly your savings no longer hold the same value. While this challenge may only be a minor inconvenience now, we have only seen a handful of the barrage of potential issues.

With the record breaking number of baby boomers approaching retirement, the importance of thoughtful retirement planning is more urgent than ever. This generation is retiring later and has greater uncertainty than past generations. This means that market instability and the dwindling value of the U.S. dollar has more people than ever teetering on the edge of disaster. With 25% of baby boomers delaying retirement until after age 70, it is no surprise that boomers are losing confidence in their retirement preparations in droves. Do you look at your own 401k or IRA with feelings of distrust for the mutual funds and indexes that determine your future? You should. Continue reading our market analysis

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China’s Gold and the Future

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China has been hoarding gold for the past decade. Is China planning to back the yuan with Gold? In fact, some unofficial reports state that China is ready to do this. This giant’s hunger for Gold is unprecedented and a gold backed yuan will mean rifts of economic collapse in the West.

Some think that this is not really a very promising prediction, as China is dependent on the US dollar for trade. They fail to understand the fact that China owns nearly a trillion dollars of US debt and if it has enough reserves, it will back the yuan with gold to rid itself completely of the US dollar. It is already the second largest economy in the world and aiming for the first place. China’s dependence on the US dollar for international trade is the single biggest factor China is ready to back yuan with Gold. Continue reading our market analysis

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The Hunt Brothers

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America in the 1970’s

There was a lot going on in America in the 1970’s. Politically it was not a great time for the country. The USA was dealing with the Watergate scandal and a number of strikes. In addition, because of the USA’s involvement in the Yom Kippur War, they were hit with the Arab embargo of 1973. That’s just to name a few issues the country was facing politically at the time.

Inflation in the 1970’s

In addition to the political issues, the US was facing financial issues as well. The stock market was in terrible shape. In a period of 18 months the stock market lost 40%. The banks were lending out money left and right in an attempt to create jobs, which ended up creating really high inflation. Their policies were so loose that everyone was applying and interest rates rose rapidly. Continue reading our market analysis

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Why the U.S. Dollar is slipping away as the World Reserve Currency?

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Although the U.S. dollar dominated the international trade for more than seven decades, its future as the known global reserve currency is turning dim. The reign of the U.S. dollar in the world market, which constitutes over 60 percent of the total currency holdings worldwide, mainly benefits the U.S. financial system and the U.S. consumers. This has also allowed the current generations of American corporate and governing powers to overspend year after year than what is gained through export revenues and taxes.
US dollars Continue reading our market analysis

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