Author Archive: Patrick A Heller

Patrick A. Heller was honored with the American Numismatic Association’s 2012 Harry J. Forman Numismatic Dealer of the Year Award. He owns Liberty Coin Service in Lansing, Michigan and writes Liberty’s Outlook, a monthly newsletter on rare coins and precious metals subjects. His award-winning radio show “Things You ‘Know’ That Just Aren’t So, And Important News You Need To Know” can be heard at 8:45 AM Wednesday and Friday mornings on 1320-AM WILS in Lansing (which streams live and becomes part of the audio and text archives posted at http://www.1320wils.com). He is also the financier and executive producer of the movie “Alongside Night”.

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Five Big Lies About Gold And Silver

Five Big Lies About Gold And Silver

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. As I have said before, the price of gold represents a report card on the US government, economy, and dollar.  If the price of gold is stable, that is probably a positive sign for all three.  If, instead, the price of gold is continuously […]

Hong Kong Mercantile Exchange Defaults On Gold And Silver Paper Contracts

Hong Kong Mercantile Exchange Defaults On Gold And Silver Paper Contracts

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. Here’s another story that the US mainstream media seems to have missed. The Hong Kong Mercantile Exchange was established in May 2011 as an electronic trading platform for gold futures.  Two months later it added a platform for trading silver futures.  Exchange officials announced […]

EBay sellers—One More Scam To Watch Out For

EBay sellers—One More Scam To Watch Out For

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. The advancements in digital photography and the ease of ability to post price lists and auctions on the internet have proved to be a real boon for coin sellers.  However, with the rise of legitimate online transactions comes new ways of trying to separate […]

With Paper Gold Contracts Defaulting, Capital Controls Will Likely Be Here Before You Know It!

With Paper Gold Contracts Defaulting, Capital Controls Will Likely Be Here Before You Know It!

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. One of the circulating rumors is that the reason for the major gold and silver price suppression over the past 11 days was to prevent a major default of London Bullion Market Association contracts.  Before you dismiss that idea as a joke, there could […]

Canada’s 2013 Budget Promises To Confiscate Part Of Customer Bank Accounts Of Any Major Troubled Canadian Bank

Canada’s 2013 Budget Promises To Confiscate Part Of Customer Bank Accounts Of Any Major Troubled Canadian Bank

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. Are you one of the people who still have funds in a Canadian bank account?  Many Michigan residents, where I live, have such accounts because of the proximity of the Canadian border. Well, if you are unlucky enough to be one of them, make […]

Are Funds Deposited In Your Bank Account Really Yours?

Are Funds Deposited In Your Bank Account Really Yours?

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. The implications of the twists and turns in the Cyprus bailout fiasco are reverberating worldwide.  One of the lessons that Americans should learn from this is that funds you deposit in your bank are only yours so long as the bank or the government […]

Why I Do Not Want Gold And Silver Prices To Soar!

Why I Do Not Want Gold And Silver Prices To Soar!

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. By now I think most of you know that I own a company that buys and sells a lot of gold and silver products.  You have probably also heard me predict that gold and silver prices have a strong likelihood of a major increase […]

US Government’s Solution To Critical Self-Inflicted Financial Problems:  Suppress The Price Of Gold!

US Government’s Solution To Critical Self-Inflicted Financial Problems: Suppress The Price Of Gold!

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. Over the next several weeks, the US government is facing a series of critical financial problems of its own making. Unless there is a last-minute agreement, this Friday the federal government will experience an automatic annual $85 billion reduction in spending increases called sequestration. […]

G-20 Finance Ministers Finally Admit And Simultaneously Deny “Currency Wars”

G-20 Finance Ministers Finally Admit And Simultaneously Deny “Currency Wars”

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. Within the space of a few days in mid-September 2012 the European Central Bank, the Federal Reserve Bank, and the Bank of Japan all announced plans to inflate their respective currencies.  This represented a scale of inflation never before experienced in world history. I […]

More Bad Economic News For The US Government

More Bad Economic News For The US Government

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. The poor economic news is starting to come out in droves, but you wouldn’t know it if you only looked at the headlines of the US mainstream media. Buried in the stream of reports, the US Commerce Department last week revealed that the US […]

US Dollar Experiencing A Terrible Ten Days

US Dollar Experiencing A Terrible Ten Days

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. The US Dollar (and, therefore, the US government) has experienced a terrible ten days: On January 23, the Republican-controlled House of Representatives temporarily suspended the current limit for raising the Federal debt ceiling until May 19.  This action was taken after the US government […]

Is Germany Ready To Repatriate Its Gold Reserves?  What Gold Reserves?

Is Germany Ready To Repatriate Its Gold Reserves? What Gold Reserves?

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. On January 14, the German publication Handelsblatt reported that Germany has become serious about repatriating significant amounts of its gold reserves held outside of the country, primarily at the Federal Reserve Bank of New York.  According to the Bundesbank, out of 109 million ounces […]

Despite Strong Track Record, Gold And Silver Are Not “Investments”

Despite Strong Track Record, Gold And Silver Are Not “Investments”

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. Many people consider the ownership of precious metals to be an investment.  They are not.  Still, compared to many investments, gold and silver have outstanding track records for the past thirteen years. In my mind, the major purpose of owning physical gold and silver […]

The US Government’s Plans To Stick It To The American People In 2013

The US Government’s Plans To Stick It To The American People In 2013

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com As we come to the end of the calendar year, it is good to do an overall synopsis of what the US government will unleash on the American people in the coming year. No matter the temporary wrangling in Washington over the “fiscal cliff,” the […]

More Statistical Evidence That The US Dollar Is Doomed

More Statistical Evidence That The US Dollar Is Doomed

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com The magazine The Economist has just issued their annual economic review, this year titled The World in 2013. The issue does cover a number of social and political issues. Among the highlights are individual forecasts for economies of 79 of the larger nations. A commonly […]

“Experts” Shy Away From Short-Term Gold And Silver Price Forecasts

“Experts” Shy Away From Short-Term Gold And Silver Price Forecasts

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com This past week there were two investment conferences held simultaneously—the decades-old New Orleans Investment Conference and the 10th Annual Silver Summit.  I flew to Spokane, Washington to make a presentation to the attendees at the Silver Summit. There were a number of speakers at the […]

Political Campaign Lies And Manipulation Of Gold And Silver Prices

Political Campaign Lies And Manipulation Of Gold And Silver Prices

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com According to the US Census Bureau as of 9 AM Eastern on October 2, 2012, the estimated population of the US was 314,544,755.  As of January 1, 2009, the Census Bureau estimated that the US population was 305,529,237.  So, since Barack Obama became president on […]

Why The US Dollar Will Not Soon Lose Its Status As The World Reserve Currency

Why The US Dollar Will Not Soon Lose Its Status As The World Reserve Currency

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com I have written extensively about the different means by which the US dollar is declining in use for international transactions. It wasn’t that long ago that the dollar was the monetary unit used in over 80% of all international commerce. Today that percentage is down […]

By September 27, 2012 4 Comments Read More →
What If Only 3% of Adults Wanted To Purchase Physical Gold And Silver?

What If Only 3% of Adults Wanted To Purchase Physical Gold And Silver?

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com The general public probably attributes the recent strength in gold and silver prices to a huge surge in demand from a wide swath of the population. That perception is completely false. Bron Suchecki of Australia’s Perth Mint was recently interviewed by the Financial Survival Network. […]

The More Gold And Silver Prices Are Suppressed, The Higher They Will Rebound

The More Gold And Silver Prices Are Suppressed, The Higher They Will Rebound

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com As I explained in my last column, the German Constitutional Court on Wednesday concurred with the legality of the European Central Bank’s plan to engage in quantitative easing of the Euro. The reason I expected this result was that the ECB’s governing documents had a […]

By September 13, 2012 2 Comments Read More →
Wednesday Will Be Key Day For Precious Metals Markets

Wednesday Will Be Key Day For Precious Metals Markets

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com Gold and silver prices have been strong since the end of July, with gold up more than 7% and silver up 17% since then.  The next two shocks to the precious metals markets will hit on Wednesday, September 12.  My expectation is that the impact […]

By September 12, 2012 5 Comments Read More →
Gold And Silver—I Told You So!

Gold And Silver—I Told You So!

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com In my radio program six days ago, I warned listeners to expect the prices of gold and silver to be clobbered late last Thursday and early Friday morning up to the time that Federal Reserve Chair Ben Bernanke made his remarks at the Federal […]

LIBOR Scandal Investigation Sparking Higher Gold And Silver Prices

LIBOR Scandal Investigation Sparking Higher Gold And Silver Prices

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com On July 31, Numismaster.com published my article where I passed along information that the investigation into the LIBOR interest rate manipulation scandal in Great Britain would soon expand. Further, I anticipated that this scandal would lead to other investigations that would possibly cover the […]

Newly Emphasized Gold And Silver Price Suppression Tactic Unleashed

Newly Emphasized Gold And Silver Price Suppression Tactic Unleashed

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com There are a wide variety of tactics whereby gold and silver prices could be suppressed. Perhaps the most frequently used method over the years has been for central banks to dump their physical gold reserves onto the market through the use of leases. By […]

“Hotel Buyer” Scams Bring Federal, State, and Local Criminal Charges

“Hotel Buyer” Scams Bring Federal, State, and Local Criminal Charges

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com On Tuesday morning, CBS News reported on the cessation of operations by THR Associates, which ran perhaps the largest “hotel buyer” operation in the US over the past few years.  To view the story, Click Here. In an earlier report in May about this […]

Potential CFTC Failure To Prosecute For Silver Market Manipulation—The Good And The Bad

Potential CFTC Failure To Prosecute For Silver Market Manipulation—The Good And The Bad

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com Over the weekend, London’s Financial Times came out with a story claiming that the Commodity Futures Trading Commission (CFTC) four-year investigation into manipulation of the silver market would soon to be dropped without and findings of prosecutable actions. CFTC Commissioner Bart Chilton then issued […]

Why Believe Politicians When They Keep Changing Their Story?

Why Believe Politicians When They Keep Changing Their Story?

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com There is an old story that the way to tell if a politician was lying was whether his or her mouth was open.  Unfortunately, much of what politicians say is rarely the whole truth.  Instead, the best that might be heard is only part […]

GATA Files New Freedom Of Information Act Document Requests

GATA Files New Freedom Of Information Act Document Requests

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com In 2007 and again in 2009, the Gold Anti-Trust Action Committee (GATA), whose website is http://www.gata.org, filed Freedom of Information Act requests with the US Treasury and Federal Reserve seeking documents related to gold swaps going back to 1990. In response, a modest quantity […]

Huge Physical Gold Shortage Looms

Huge Physical Gold Shortage Looms

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com A number of so-called experts are proclaiming that gold’s price is in a bubble that has burst.  However, actual market activity signals that demand for physical gold is draining available supplies. In the first five months of 2012, at least 315 tons (10.1 million […]

We Don’t Need Inflation Of The Money Supply

We Don’t Need Inflation Of The Money Supply

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com In an April 5 New York Times column titled “Not Enough Inflation,” economist Paul Krugman wrote, “a bit more inflation would be a good thing, not a bad thing.” Krugman’s proposal is completely wrong, as any first-year economics student should be able to explain. […]

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