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Monday, April 18, 2011

The End of the Dollar

For months the US has urged China to upgrade its currency while China tries to break the global hegemony of the US dollar

By Elmar Altvater

[This article published in the Swiss weekly WOZ October 14, 2010 and in attac Germany’s “Sand im Betrieb” Nr. 86 is translated from the German on the Internet, http://sandimgetriebe.attac.at/9194.html. Elmar Altvater is a political scientist and economist in Berlin.]

The hurricane of the financial crisis is not over since the next thunderstorm, a monetary crisis and a currency war are on the way. The Brazilian finance minister first spoke of this and then the head of the International Monetary Fund (IMF) at the annual meeting of the IMF and the World Bank in October 2010 in Washington.

The situation is serious. The “structural imbalances” decried for years at every meeting of the G8 industrial nations are falling out of control. A worldwide economic upheaval approaches. Can the US dollar keep its position as the reserve currency? Can world trade, financial transactions and agreements on oil deliveries be carried out in US dollars as in the past when the political-economic elites of the US aggressively demand an upgrading of the Chinese Renminbi Yuan? This portends a devaluation of the US dollar. If other cou9ntries follow this demand, we will have a currency war as on the eve of the worldwide economic crisis of the thirties.

For more than a decade, the balance of payment surpluses have climbed in several regions (East Asia, oil-exporting countries) while the US shows a rising deficit in its balance of payments. Are the savings and the deficient domestic demand in China, Japan, India and their export surpluses really responsible for the destabilizing deficits of the US, as the US claims?

LOGISTICS OF CURRENCY DEVALUATION

The argument is absurd that Asian countries, first of all China, follow a protectionist policy and prevent an upgrading of their currency to realize export advantages. If the Asian countries saved less and consumed more, the US and its citizens would renounce, save and export more and reduce the balance of payment deficit. The competitive position of a country is decided on the currency markets, above all in the real economy.

Dollar devaluation would relieve US taxpayers from the billions in losses of their financial system, from the debts from the time of the consumer frenzy and the war against “terrorism.” Only countries whose currency is regarded as the reserve currency have the possibility of externalizing losses and shifting debt-repayments to future generations. Other states cannot do this. The value of the dollar reserves outside the US dwindles with devaluation. A flight from the US dollar would sink prices in these countries and devalue their currencies. This wou9ld raise the price of exports, a double gain for the reserve currency land, the US and a double loss for everyone else.

No wonder enthusiasm for dollar devaluation is not very great. From its currency reserves, China has given massive support credits to a series of states to strengthen them in the financial crisis of the last years and expand its geopolitical influence. The threshold country China helps the Euro in Greece for example. If the upgrading of the Yuan compared to the US-dollar is not prevented in the long run, at least the Euro will not lose value and Chinese exports to Europe will rise in price.

Therefore the struggle over exchange rates is a confrontation over worldwide economic hegemony.

Which currency of the world is predestined to be the fixed star of world currency around which other currencies circle like planets and satellites? The availability and security of the world currency gives mass and energy to the fixed star. Gold is very safe but is only available in limited quantities – a bad quality given the boundlessness of the capitalist accumulation process. But if gold is hoarded and the devaluation of the world currency threatens, gold will again become the object of speculative cravings. This is happening now.

However paper money or electronic money will be made available through money creation by the central bank together with commercial banks. Therefore only one currency with a differentiated and global system of commercial banks can rise to the world money. Is the Chinese banking system in that position? This can be doubted.

Dollar reserves abroad only exist because the US spends more than it has. The dollar is strong as the reserve currency because the US piles up deficits and thereby ultimately weakens the dollar. That is a dilemma named after the economist Robert Triffin in 1959. A currency will only be accepted if its value is protected from inflation and devaluation in relation to other currencies.

On top of that the state of the world currency must guarantee property rights and the security of world trade, energy flow, direct investments and financial investments. In the case of the US the power complex consisting of Wall Street, the White House, the Pentagon, the central bank system and the IMF see to that.

LUCRATIVE RECYCLING

In 2009 the president of the Chinese central bank, Zhou Xiaochuan, referred explicitly to the Triffin dilemma in discussing the future of the US dollar: “Countries that make available the reserve currency cannot simultaneously maintain its value and supply the world withy liquidity,” Zhou said.

Availability and economic and political security of the currency were the prerequisites enabling the US dollar as an oil-currency to be established with a coup after the collapse of the fixed exchange rate system of Bretton Woods at the start of the 1970s launched by the former US Secretary of State Henry Kissinger. The oil crisis of 1973 showed the importance of the security of the energy supply to the world. The US declared itself competent for that security. The US financial system was sufficiently diversified and defended everywhere in the world to further the climbing dollar revenues of oil-exporting countries from the Middle East.

Firstly, this was advantageous for the US currency since the US dollar could be strengthened as the oil- and world currency for financial contracts. Secondly, this was advantageous for the international banking system because the financial institutes could earn fabulous sums in the credits. Thirdly, US hegemony in the world which took a beating from its military defeat in Vietnam and the devaluation of the US dollar in the late 1970s was supported in this way. These are advantages of the land of the reserve currency that reinforce its hegemony.

If this hegemony is put in question, the US Empire reacts with military severity. After Saddam Hussein changed the oil-for-food program of the UN from the dollar to the Euro, the US marched into Iraq accompanied by its “Coalition of the Willing.” In March 2003 the Organization of Petroleum Exporting Countries declared that oil in the future would be invoiced without exception in the dollar.

All attempts at trading the oil price in another currency or establishing an oil exchange not dominated by the US were nipped in the bud. Even the Iranian oil burse discussed for years could not prevail against the traditional oil trading centers in London and New York. The dollar sits on its oil currency throne armed with the most modern military technology. How long can this last?

China cannot fulfill all the conditions of a new reserve currency. The Yuan is not available globally because the Chinese banking system is not so far developed. For a long while China has not played its card of political and military power.

In 2010 the Chinese central bank head Zhou Xiaochuan, artfully proposed complementing the US-dollar with special drawing rights (SDR). Moreover China enters into bilateral swap businesses, for example with Argentina where both peso and Yuan currencies are exchanged without falling back on the US-dollar or other currencies. These measures could be interpreted as the beginning of a monetary bilateralism of the US dollar and the Yuan.

The Pax Americana, the global dominance of the West and the freedom of economic trade under the hegemony of the US, is being replaced by a “post-American” order. Will this be Chinese with the Yuan or European with the Euro? Can the decline and fall of US hegemony be stopped?

What moderately stable constellation will rise out of the chaotic fog of the current currency conflict or whether an end of the dollar will occur is uncertain. At the monetary conference in Washington, the assembled heads of state will gaze upon the setting of the sun.

American Dollar and Beast 666 Money

And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
- Revelations chapter 13, verse 17

I don’t think that any other section of the Bible has been speculated more upon, than the one from where the verse above is taken. Who IS the Beast? What IS his NAME? What does 666 translate to?

Well, I really don’t care.

To me it makes no difference what or who Mr. Antichrist 666 is. When he/she/it shows up at my door – he/she/it will get fucked up the ass – same like anyone else that tries to mess with me. But, what I do want to point out is that – for some incredibly stupid reason – human beings seemed to have GIVEN AWAY the God-given right – to create their OWN medium of exchange.

Why we would ever want a Global Body – with the right to issue a Global Currency – is well beyond me. And that’s because a Global Currency ALREADY exists. It has for centuries. It’s called Gold. (And by association, Silver.)

The way I see this going down is like this.

1. A Global Economic Crisis comes about – currencies collapse and world trade suddenly grinds to a halt.
2. People demand an alternate currency – one free from all the muddle that the current US backed system has.
3. A gold (and/or silver) currency comes about.
4. Then slowly unbacked paper gold and silver make their way into the system.
5. Gradually, the REAL physical metal vanishes out from the world financial universe.
6. Physical metals are dropped from the World Currency.
7. ONLY certain people (the richest) are allowed to use Gold and Silver as currency. The slaves must now ONLY trade with each other – and trade must be REGULATED.
Enter the Mark of the Beast…. (i.e. RFID chips)

Of course, all of this has ALREADY HAPPENED!
(Yes, even the RFID part but a tiny number idiots thought it was a GOOD idea, thankfully.)

That’s the American story in a nutshell. That is how the banking cartel removed nearly ALL the gold and silver from the pockets of the average working American – in the course of just a few lifetimes. And they can happily use the same model again, since no one seems to be paying any attention to the fact that they are essentially… using Beast Money!

I don’t believe in prophecy – or, for that matter prophets.

But I do believe that there is a small number of people who believe that they were born to Rule the Earth. And these people have a plan.

If you want to know what that plan looks like, listen to Lindsey Williams. He’s got the inside scoop. Everything that I’ve said above – is pure conjecture, based of past historical evidence…

1898 20 Dollar Gold Coin

The 1898 gold coin is another fine example of not only significant collectability but quality and rarity as well. It used to be that we would find these when we least expected to as in unlikely locations while traveling.

1898 20 Dollar Gold Coin

Although most clients seem to seek out the 1898 twenty dollar Liberty Head Double Eagle there is a good deal of world coins worthy of note from this particular year which offer value, collectability and the opportunity to actually own gold as opposed to just investing in it.

The condition of most of the Liberty gold coins which we happen to see are of fairly decent condition as they tend to have been safely tucked away in a shoebox or the like for many decades. When they do come up for sale the coins reflect less usage in their overall condition making them more valuable to a point. With the current rise in the price of gold the actual melt values become a point which creates more interest than just within collector’s circles. Obviously the breaking point is fortunately going to be based on condition which is ultimately the case with any old gold coins.

For example we recently found some very average at best examples of the 1898 twenty dollar gold Double Eagle coins which were unquestionably in very circulated condition but they had also been improperly cleaned at some point causing various ill effects including some unsettling discoloration. Basically these coins could have fetched a much higher price than what they eventually did bring to the seller if it were not for the cleaning job which had been performed. Ultimately they were likely sold to an investor with nothing but melt value as the intention behind the purchase. This is OK because it keeps the gold coin market active for both collectors and the investor. However we have been seeing a bit of an overlap between the two recently as simply owning gold is becoming much more in vogue if you will in this highly questionable economic climate and in regards to the United States dollar and the very questionable future of its value.

1898  $10 GOLD EAGLE COIN N 14K BEZEL SCRAP 184 G 1 DAY
1898 $10 GOLD EAGLE COIN N 14K BEZEL SCRAP 184 G 1 DAY
Paypal US $455.00
RUSSIA  1898R 5 ROUBLE NICHOLAS II GOLD COIN AS SHOWN
RUSSIA 1898R 5 ROUBLE NICHOLAS II GOLD COIN AS SHOWN
Paypal US $199.95
1898 АГ  5 Roubles Solid 90 Gold Imperial Russia Coin
1898 АГ 5 Roubles Solid 90 Gold Imperial Russia Coin
Paypal US $154.50
1898  Russia Nicholas II 5 Roubles Gold Coin AU UNC
1898 Russia Nicholas II 5 Roubles Gold Coin AU UNC
Paypal US $202.50
Germany  1898 A 20 Mark Gold Bullion Coin 8 Grams
Germany 1898 A 20 Mark Gold Bullion Coin 8 Grams
Paypal US $345.00
2  UNCIRCULATED $10 LIBERTY GOLD COINS 1898 1892
2 UNCIRCULATED $10 LIBERTY GOLD COINS 1898 1892
Paypal US $1,136.11
1898  VICTORIA VEILED HEAD 22K GOLD FULL SOVEREIGN COIN
1898 VICTORIA VEILED HEAD 22K GOLD FULL SOVEREIGN COIN
Paypal US $228.27
1898 S  $5 DOLLAR HALF EAGLE GOLD COIN
1898 S $5 DOLLAR HALF EAGLE GOLD COIN
Paypal US $216.50
1898 5  ruble Russian gold coin circulated
1898 5 ruble Russian gold coin circulated
Paypal US $202.00

The Dollar Crisis

The Dollar Crisis – What you can expect…

from FutureMoneyTrends
GOLD makes a new high of $1,467 per ounce.
SILVER touches $39.79 per ounce.
OIL breaks the $109 per barrel mark, with a high of $109.15
DOLLAR INDEX is currently at 75.76

AS A MAJOR CURRENCY CRISIS LOOMS IN THE WEST, there are some things that we should all expect. Lifestyle changes that we don’t have to imagine, but ones we can see happening right in front of us today. Now the catalyst for the beginning of a major currency crisis could be several things. To note just a few, QE2 ending would cause a spike in interest rates, banking crisis, and inevitably a debt crisis that would lead to a dollar crisis. Unfortunately for those living in America, the extension of more QE, a QE3 will only delay the inevitable and actually make things much worse in the end. QE3 will signal to the world that there is no hope for the U.S. to ever manage its debt crisis, an admission that our economy is propped up by fiat magic money, and global price inflation will occur as a result of an increase in the global reserve currency.

An oil spike, which could be the most likely as we write this today, could literally be the final nail in the coffin sparking massive price inflation, shortages, and a renewed debt crisis as consumers default on credit cards and mortgages in order to buy fuel and other household needs.

Why a currency crisis is inevitable? When U.S. debt growth started to outpace our economic growth, that’s when the problem crossed an invisible line into a coming crisis, however, when U.S. debt growth started to be funded by the Federal Reserve creating currency, that’s when the problem crossed the point of no return. So, now the Fed is in a situation where they are damned if they do and damned if they don’t. Private GDP hasn’t risen in 14 years, GDP has been rising because of two factors, government spending and government manipulation. Obviously, everyone sees the problem with the government spending, especially when it comes from borrowed money. Remember, when the government borrows money, that money is not going into the private sector and when government spends money, it is creating unsustainable demand.

Now when it comes to the manipulation of the numbers, it’s widespread. Hedonics, a low inflation application, and other government tricks have made our GDP number pretty much worthless. One of the big frauds was just discussed on 60 minutes last week, they discussed all of the money entering the economy from people not paying their mortgages. Billions and billions of dollars are entering the economy boosting GDP from people defaulting, yet it gets worse. The government in order to help GDP, creates a fake number to include into our GDP an application that includes imaginary income as if homeowners were paying themselves rent, so not only do these mystical rent payments enter our GDP number, but so does all this money from strategic defaults and honest defaults.

So, when the government, especially the White House which is in re-election mode, comes out to celebrate a positive GDP, it’s really a complete fraud, nothing more than window dressing. If you were to get rid of the window dressing, fraudclosures, hedonics, and an understated inflation application, you would see that our economy has been in a real downturn since the year 2000. Yes 2000, not 2007, and it continues because it never ended in 2009 as reported by the media.

You see, by having artificially low interest rates and government backed mortgage lenders, the housing bubble made it look as if we actually had a growing economy when in reality almost all economic growth was credit driven. Especially towards the end of the housing bubble, we had waitresses making $1,200 a month buying houses in California. Now this keeps construction workers, realtors, loan officers, and all types of people working. The more money that was borrowed, the more money that entered the economy which spilled over into every industry.

Remember, if a realtor is making more money, then they are spending and spreading that wealth all over the place, where they eat, shop, and when they make deposits at their local fractional reserve bank. To make matters worse, millions chose careers off of this fatality flawed economic boom in the first half of the last decade, just as many are choosing careers off of new economic imbalances today (courtesy of our government). So, not only do we now have record long term unemployment, we have jobs being created that are dependent on the government running trillion dollar deficits. As you can see, our economy is running full steam ahead into a brick wall.

Now, as far as our government cutting expenses, it is very unlikely. As of right now, a government shutdown could very well happen, of course in the U.S. that means we continue to spend, even a government shutdown isn’t what it sounds like. The $40 billion draconian cuts that are being discussed is barely a drop in the bucket, $40 billion is 1.05% of the projected 2011 budget, it is 0.28% of the official national debt, and when looking at how much new debt we are going to add to our official national debt in 2011, $40 billion is only 3.3% of the 2011 projected annual deficit. In order to be taken seriously, we need a 1 trillion dollar cut in spending, instead $40 billion is being debated as if it will be the end of the world.

Remember, it is THIS decade that our spending will accelerate as baby boomers enter the entitlement programs, THIS decade according to a leaked cable from the Saudi Embassy that Saudi Arabia will peak in oil production (2012), and it is THIS decade that China will fully and completely internationalize the Yuan. This decade we will see tectonic shifts and systemic changes in our global economy. Now the old saying is that the rich get richer and the poor get poorer, in our opinion this is true. So with this knowledge, we would say it is pretty important to make sure your not poor going into these massive changes this decade.

This decade, in the United States of America…

What you could see in the U.S. this decade is what you have seen in Japan over the last month. No nation on earth will feel such a dramatic change in lifestyle during a currency crisis than the one that currently has the world reserve currency, the dollar. As global economic imbalances begin to shift in order to find a market driven equilibrium, the 4.5% population in the U.S. that is currently consuming 50% of the world’s resources is going to learn what scarcity is nationwide.

When the world doesn’t need dollars, when the world demands higher interest rates for our debt, Americans will see a combination of radical price increases, shortages, and government product limits. Even products that say ‘Made in the USA’ are often times dependent on international parts and pieces. For example, we have often heard that many of our Toyotas are now manufactured in the U.S., yet with the recent Japanese disaster, many American plants are being completely shut down because of part shortages from Japan. This is going to affect about 25,000 workers here in the U.S. The scenario of American plants unable to trade their dollars for parts or parts costing too much is something that we believe could definitely be in our future, not only parts, but commodities as well.

We are already seeing commodities LEAPING in prices, not creeping up as the Fed has referred to price inflation, commodities are soaring and there is no other way to explain it. When looking at commodity stocks, like precious metal mining companies, it amazes us that these companies are not seeing double digit moves on a sometimes weekly basis. Remember every time silver, for example, goes up a buck, that’s a buck in profit added to these mining companies. Price inflation is typically the result of an expansion of the money supply, however, in rare instances you can also have price inflation from a lack of faith in a currency causing it to be less valued. In the U.S., we could see both factors come into play in regards to the dollar.

So, what would life look like if we saw a significant devaluing of the U.S. dollar? In Japan right now, first world citizens are being limited to how much bottled water they can buy, how much fuel, and in some instances food. Shortages of fuel, food, instant meals, batteries, flashlights, and portable radios have been reported throughout the country. In short, everyone who wasn’t prepared for a crisis is trying to prepare while already in a crisis. The government has limited consumers to only being able to purchase a 2 liter bottle of water per person. Throughout Japan petrol rationing was introduced almost immediately with a maximum of 20 liters per car (some instances 5 liters). The only thing Japan hasn’t seen that FutureMoneyTrends.com believes America will not be able to avoid, is wide spread civil unrest and looting for a short period of time during a currency crisis.

Western Europe protests and Katrina has shown us just how ugly things can get during a crisis. With the vast majority of American citizens, businesses, and grocery stores on an ‘order on demand inventory model,’ we could see things get ugly within 48 hours of a bond crisis, currency, or spike in oil. Most Americans have about three days of food supply in their households, of course some have a lot less. Grocery stores typically order supplies every day and could be wiped out within hours. Businesses who rely heavily on international parts could also be shut down within days, just like the Toyota plants who rely on parts. Nothing could be worse then millions of people sitting around with nothing to do but panic, out work, out of food, and out of their normal routine.

Now, will this last forever? No, of course not, but could this potentially happen? In our opinion, it’s only a matter of time. Those who prepare can not only survive, but thrive during and after a currency crisis. Many people like to take a worst case scenario and turn it into an end game scenario, that is NOT what we are trying to portray.

Throughout history these events take place and humanity continues, empires rise and fall. Japan, 66 years ago, survived two massive nuclear bombs and Germany has survived two world wars that decimated their nation. What we are trying to say by pointing out these economic realities is that a coming crisis and major shifts in the economy doesn’t have to be your crisis, it all comes down to what you are doing right now with the information you have.

1987 Five Dollar Gold Coin

Great American 1987 five dollar gold coins feature the United States Constitution Commemorative Proof $5 Half Eagle. Mintage was a low 651,659 and the coins contain 90% pure gold.

1987 Five Dollar Gold Coin

The Constitution coins are stunning examples of the US Mint from this time period containing additionally 3.9% silver and 6.1% pure copper. The makeup is in strict accordance to United States law and the coins originally came with a special blue velvet container and capsule as well as being accompanied by the COA verifying the authenticity and gold composition. This is fairly typical of the commemorative American coins.

The 1987 gold coins appeal to collectors and include the American Gold Eagle coins which are of interest as well. These offer a relatively affordable path to owning gold in times of significantly increasing values in conjunction with the growing uncertainty of the US dollar.

Designed with historical significance in mind many collectors are seeking this particular date as these coins are now over twenty years old now. We commonly see a mix including bullion coins and the original series includes proof sets as well.

1987  Constitution $5 Gold Coin 83 grams Z16
1987 Constitution $5 Gold Coin 83 grams Z16
Paypal US $345.00
1987 W  Constitution $5 Gold Coin PCGS MS69 Z13
1987 W Constitution $5 Gold Coin PCGS MS69 Z13
Paypal US $362.00
1987  Constitution $5 Gold Coin 83 grams Z32
1987 Constitution $5 Gold Coin 83 grams Z32
Paypal US $315.00
1987  Constitution $5 Gold Coin 83 grams Z29
1987 Constitution $5 Gold Coin 83 grams Z29
Paypal US $315.00
1987  Constitution $5 Gold Coin 83 grams Z31
1987 Constitution $5 Gold Coin 83 grams Z31
Paypal US $339.00
1987  Constitution $5 Gold Coin PCGS PR69 Z20
1987 Constitution $5 Gold Coin PCGS PR69 Z20
Paypal US $355.00
1987 US  Constitution 2 Coin Proof Set $5 Gold $1 Silver
1987 US Constitution 2 Coin Proof Set $5 Gold $1 Silver
Paypal US $350.01
1987 US  Constitution Coins $5 Gold and Silver Dollar
1987 US Constitution Coins $5 Gold and Silver Dollar
Paypal US $299.99
US  CONSTITUTION COINS 1987 SILVER DOLLAR GOLD 5 DOLLAR
US CONSTITUTION COINS 1987 SILVER DOLLAR GOLD 5 DOLLAR
Paypal US $350.00
1987  Constitution $5 MS70 22KT 1 4 oz Gold Coin
1987 Constitution $5 MS70 22KT 1 4 oz Gold Coin
Paypal US $380.00

1904 20 Dollar Liberty Eagle Gold Coin

There are several collectible gold coin dollar examples which tend to consistently bring a good deal of attention among viewers comparatively speaking. These old gold coins are of certain interest for various reasons but typically these reasons have to do with rarity as well as craftsmanship. The 1904 $20 Liberty Head Double Eagle gold coin is a good example of these fairly rare and highly valued collectible coins.

If you have ever seen an example of a 1904 Liberty Eagle in stunning condition then you can see how gold coins such as these have the ability to impress more than just coin collectors as the sheer beauty of the gold as well as the design is absolutely stunning. There is definitely something about gold which has the power to affect ones perception of a single small item such as a statue, jewelry or coins for example. The power of gold as it has been referred to for longer than history can even begin to tell us about is what is at work in these instances.

Luckily there are numerous treasures which provide us a glimpse into the past as far as how humans have used gold to shape and create everything from small trinkets to huge dynasty laden creations. Each of these will have the ability to boggle the mind as to not only the skills set forth in the production of these items but in the realization that someone had to actually envision the design and develop it before it was what it finally became in its final state.

1904 S  $20 LIBERTY HEAD DOUBLE EAGLE GOLD COIN
1904 S $20 LIBERTY HEAD DOUBLE EAGLE GOLD COIN
Paypal US $1,654.00
1904  Liberty Head $20 Gold PCGS 65 A Real Blazer
1904 Liberty Head $20 Gold PCGS 65 A Real Blazer
Paypal US $3,775.00
1904  LIBERTY HEAD $20 DOUBLE EAGLE PCGS MS 63 OGH
1904 LIBERTY HEAD $20 DOUBLE EAGLE PCGS MS 63 OGH
Paypal US $1,920.00
1904  $20 GOLD Liberty Double Eagle GEM BU BEAUTIFUL
1904 $20 GOLD Liberty Double Eagle GEM BU BEAUTIFUL
Paypal US $1,627.00
1904  $20 LIBERTY HEAD DOUBLE EAGLE BU
1904 $20 LIBERTY HEAD DOUBLE EAGLE BU
Paypal US $1,550.00
1904  LIBERTY $20 GOLD DOUBLE EAGLE MS UNC in OLD BOX
1904 LIBERTY $20 GOLD DOUBLE EAGLE MS UNC in OLD BOX
Paypal US $1,425.00
UNITED  STATES 1904 $20 LIBERTY GOLD PIECE AS SHOWN
UNITED STATES 1904 $20 LIBERTY GOLD PIECE AS SHOWN
Paypal US $1,570.00
1904 S  GOLD $20 Liberty Head Double Eagle PCGS MS62
1904 S GOLD $20 Liberty Head Double Eagle PCGS MS62
Paypal US $2,000.00
1904  $20 Gold Liberty Head Double Eagle T 3 PCGS MS62
1904 $20 Gold Liberty Head Double Eagle T 3 PCGS MS62
Paypal US $1,752.00
1904S  LIBERTY GOLD $20 COIN BEAUTIFUL XF NR
1904S LIBERTY GOLD $20 COIN BEAUTIFUL XF NR
Paypal US $51.00
Gold coin dollars from various eras will consistently book for prices which are frequently changing. The trend these days is an upward trend as gold continues to increasingly be looked upon as the choice investment offering the ability to hedge against the decline in the US dollar. The collectible aspect stems from not only the active coin collectors but those who seek to invest in gold and who can ultimately see beyond the dollar value and into the art which has gone into old coins like the 1904 $20 Liberty Head Double Eagle gold coin.