The Latest:
The Victory Report
The Victory Report

Gold Vault

Gold Leasing

For at least a decade, central banks have been lending gold to specialized brokerage firms, called bullion banks. The bullion banks borrow this gold at absurdly low interest rates – well under 1% per year. Then they sell this borrowed gold into the world’s private gold markets. This keeps down the price of gold: added supply. The bullion banks then ...

Watch Now »

The Gold / Silver Ratio

There was a close correlation for many decades: 15 to one. That was because this ratio was set by Federal law. It was a price control. Gresham’s law always took over. The overvalued metal would drive out of circulation the undervalued metal. For as long as the government would supply the undervalued metal, the coins would circulate side by side. ...

Watch Now »

Gold Price Breaks $1,200

NEW YORK — The gold price Thursday touched the $1,200 level as investors bought gold as a safety net against a sinking euro, Greece riots and spreading Portugal debt fears. Gold delivery for June was rising $24.70 to $1,199.70 an ounce at the Comex division of the New York Mercantile Exchange. Gold prices Thursday have traded as high as $1,201.70 ...

Watch Now »

Coin Grading Scale

Proofs PR-70 No handling marks or defects, even under high magnification. Full luster. A flawless coin, virtually non-existent. PR-65 Shows some very fine hairlines, contact marks, or other minor defects, visible only under magnification. Considerable luster. PR-60 Refers to a proof with some scattered, small contact marks and hairlines that may be visible to the unaided eye. Usually less than ...

Watch Now »

The Bull Market in Gold

Gold’s bull market is starting to get warmed up again. The gains ahead in Gold are going to be greater than what we have seen since the secular bull market began at the turn of the century. Gold will continue to outperform general stocks, real estate, bonds and most if not all commodities. Paperbugs will hate it, will question Gold ...

Watch Now »

Gold Manipulation: Where is the Gold and Does it Matter?

The issue of manipulation in the gold market has sparked a series of particularly interesting developments in recent months, with the likes of the Gold Anti-Trust Action Committee (GATA), the International Monetary Fund (IMF), and many well-known investors and market pundits raising the profile of this long-debated topic. Eric Sprott, founder of Sprott Asset Management, who started a physical gold ...

Watch Now »

Advantages and Disadvantages of a Gold Standard

Gold Standard vs. Fiat Money The Benefits and Costs of a Gold Standard The main benefit of a gold standard is that it insures a relatively low level of inflation. In articles such as “What is the Demand for Money?” we’ve seen that inflation is caused by a combination of four factors: The supply of money goes up. The supply ...

Watch Now »

What Was The Gold Standard?

An extensive essay on the gold standard on The Encyclopedia of Economics and Liberty defines the gold standard as “a commitment by participating countries to fix the prices of their domestic currencies in terms of a specified amount of gold. National money and other forms of money (bank deposits and notes) were freely converted into gold at the fixed price.” ...

Watch Now »

What is the History of the Gold Standard?

In the mid-1800’s, countries began adopting the gold standard as a way to standardize transactions in a blossoming world trade market. By World War I, most countries were on the gold standard, with mixed results. Between 1914-1919, most countries suspended the gold standard so they could print enough money to pay for their involvement in the war. After the war, ...

Watch Now »

Reasons to own gold.

Solid Gold Reasons to Own Gold In September, 2003, John Embry published an article, “15 Reasons to Own Gold.” Mr. Embry is an investment strategist with the Sprott Gold & Precious Metals Fund. As such, I suppose he is not a disinterested observer. But I am sufficiently impressed with his arguments that I think I should pass them along. What ...

Watch Now »

Why should I buy gold?

Question. What kind of gold should I buy? Answer. We probably get that question more than any other — pretty much on a daily basis. The answer, however, is not as straightforward as you might think. What you buy depends upon your goals. We usually answer the “What should I buy?” question with a question of our own: “Why are ...

Watch Now »

3 mistakes people make when selling gold.

There are many people looking to sell gold for cash for the first time and it is inevitable that you will make mistakes the first time you do anything. Here are three common mistakes that people make when selling gold online: 1. They don’t research the company they will be dealing with. Since the gold buying business is booming, there ...

Watch Now »