Why the U.S. Dollar is Rising – And Why It's Still Doomed



Many have wondered - and rightly so - why the U.S. dollar is rising even though the U.S.Federal Reserve has done just about everything possible to debase the currency over the past five years.

Over the past two years, the U.S. Dollar index, which measures the dollar against a basket of major world currencies, is up by more than 12.6%.

Part of the answer is that most of the world's other central banks have pursued easy money policies similar to the Fed's. In the so-called "currency wars," the U.S. dollar has one major built-in advantage.

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7 Reasons to Be Bullish on Gold!

What's going on with gold prices?

With the price of the yellow metal near two-year lows through much of 2013, some investors wonder whether the price decline will continue.

Is this a bear market for gold or will it rebound?

A new report from analysts at Incrementum AG in Liechtenstein says there are good reasons to be bullish on gold, which was trading Wednesday at about $1,252 an ounce.

In fact, the report, titled "In Gold We Trust 2013," set a 12-month target for gold prices at $1,480 and a long-range target at $2,230.

"Even though the consensus is convinced that the gold bull market has ended, we remain firmly of the opinion that the fundamental argument in favor of gold remains intact," the 53-page report stated.
The report said there are no precedents for the current climate of central bank intervention and noted there have been more than 500 interest rate cuts worldwide since 2008.
That makes the need for gold as "monetary insurance" that much more important and will, in turn, push gold prices upward.
"Never before have such enormous monetary policy experiments taken place on a global basis," the report said. "If ever there was a need for monetary insurance, it is today."
The report spells out seven reasons to be bullish on gold:

Calaveras Coin Inventory One of The Largest In Northern California


Our inventory, one of the larger to be found anywhere, spans the collecting spectrum from collectible circulated cents to mint state U.S. gold coins.
   We also have hundreds and hundreds of PCGS and NGC certified coins with new treasures arriving daily. A nationally recognized dealer of all US gold, silver, nickel and copper coinage, great collections have been conceived and or completed by Calaveras Coins.  It's our goal to make your numismatic experience a most enjoyable one.
Stocked With All Supplies Needed For Coin Collecting

    If you have coins to sell bring them in for a free evaluation. Don't wait, Calaveras Coin & Pawn pays cash on the spot for your coins. Coins must be seen in person in order for us to provide a cash offer (condition is everything.) We also offer official appraisals for a modest fee. Visit our store for details.

Is Now The Time To Buy Gold & Silver?

Wondering if now's the time to buy gold and silver? Wonder no more. Let me explain.

As a collector of both precious metals, like many, I planned on loading up in the wake of recent price declines. But guess what? Calaveras Coin & Pawn like many other dealers had sold out.

Thanks to the selloff, a buying frenzy for bullion has crashed websites, jammed phone lines and depleted inventory.

"Our website was overloaded for the first time ever Friday and Monday. Every phone line was lit up. We have been doing large volume," Scott May, Precious Metals Sales Manager.

You see, with gold on track to log its fourth weekly decline and silver headed for the worst week in about 19 months, bargain hunting abounded.

As recently as last year, investors like me were paying more than $1,700 per ounce for gold and $35 per ounce for silver.

Bargain Hunting: Gold and Silver Coins

Amid the biggest gold and silver price declines since 1980, physical bullion sales are surging.

In April, the U.S. Mint has sold 153,000 ounces of American Eagle gold coins, more than double March's tally and up sevenfold from a year ago.

Over the first six business days in April, the Mint sold 1.645 million ounces of silver, taking the 2013 total to a whopping 15.868 million ounces. With demand for Silver Eagles so robust, the Mint rationed sales to primary dealers. May called the situation "a perfect storm" for frenzied buying. 

Sales also spiked in China, India and Australia. In Switzerland, "physical demand is extraordinary," Bernard Sin, head of currency and metal trading at bullion refiner MKS SA in Geneva, told Bloomberg.

If you want to get in on the bargain hunting for the precious metals, Money Morning Capital Wave Strategist Shah Gilani says your timing could hardly be better.

"I think this is a bottom, and the way I trade, I love it at these levels," said Gilani. "this 20% fall is a signal for me to jump in with both feet! Any further than that, and I'd be concerned, but this is basically a half-off sale."

Scott May, senior Manager of Precious Metals for Calaveras Coin & Pawn, an Angel Camp, California, firm where customers buy, sell, store and take delivery of precious metals, shared that the selloff and declines in gold and silver prices came as a result of technical moves such as stops and margin calls.

"But the physical market is different and demand here remains strong," May said. "Product has become non-existent. There are four-to five-week delays and premiums are going up. There's simply not enough supply to fill demand."

Vigorous physical demand isn't reflected in spot prices, May explained. The good news however is that Calaveras Coin & Pawn has stock piled a collection of gold and silver and is ready for local public demand. So either call at (209)736-COIN or stop buy M-S 10am to 5pm (Closed Sundays) to discuss your precious metals needs.

Coin Room Expands to the Coin Vault - Angels Camp


 After the recent move to the new location Calaveras Coin and Collectibles changed its name to Calaveras Coin & Pawn and expanded its retail space for both venues.  With huge displays and a dedicated coin room aptly nicknamed the "Coin Vault" we have a large inventory than ever of rarely seen coins.
Case Packed With Recently Released Items From The Vaults