The Moneychanger is finishing up his monthly newsletter for paid subscribers today, but sends the following message, along with the special offer below (don't miss that).
After yesterday's attempt to break gold and silver, both bounced back smartly. Gold bounced back to the top of its range ($1,395) but silver only reached 2246.8c. Still, it closed near its high. Gold closed $1,391.30, up $12.40 and silver closed up 26.5 cents at 2244.5c. Gold/Silver ratio dropped to 61.987.
US dollar index lost 0.8%, 61.1 basis points, to 83.633. Combined with a sharp rise in the yield on the 10 year Treasury note, that ought to send Ben the Beneficent reaching for the aspirin -- or the Scotch. Rising yield attacks his ZIRP (Zero Interest Rate Policy) and presses the dollar's price downward. flight from the dollar is Ben's worst nightmare.
Stocks faded 0.7% today, choking on their own success. Looks like a downleg has begun.
The Moneychanger will return tomorrow, God willing, with his usual verbose commentary. SPECIAL OFFER French & Swiss twenty francs.
In 1865 came the first attempt to give Europe a single unified currency with the Latin Monetary Union. France, Belgium, Italy, and Switzerland agreed to a standard currency of 4.5 grams of silver or 0.290322 gram of gold. Thus was born the 20 franc coin (0.1867 troy ounce fine gold), which became one of the most common & widely used denominations in the world. Later Spain, Greece, Romania, Bulgaria, Venezuela, Serbia, & the Austro-Hungarian Empire employed the same standard. Twenty francs are so common, in fact, that in World War II & the Viet Nam war they were packed in US pilot's survival packs.
We bought a large lot of mostly Swiss but some French twenty francs, all types, from the older French Napoleon III to Roosters. Some may look uncirculated, but some are circulated. Full gold content is there.
I will sell SWISS 20 francs in lots of Ten (10) coins each, at $274.50 each or $2,745.00 + $35 shipping = $2,780.00 per lot. At $1,391.30 spot gold, that's a 5.7% premium over gold.
Lots of Ten (10) each FRENCH 20 francs, my choice of types, I'll sell at $272.50 each or $2,725.00 + $35 shipping for a total of $2,760.00 each. With spot gold at $1,391.30, that's a tiny 4.9% premium over gold.
If you order more than one lot, add only one $35 shipping charge.
Limit Fifteen (15) lots per customer.
Sorry, we can't mix coins within a lot. You may order two lots, one of ten Swiss and one of Ten French, but not a single lot of five Swiss and five French.
All lots are sold subject to the special conditions below, no exceptions. No re-orders at these prices.
If I have miscounted my inventory and come up short, the LAST person to order will receive fewer coins, at a price reduced to reflect the smaller quantity.
First come, first served, and no re-orders at these prices. I will write orders based on the time I receive your e-mail.
We will not take orders for less than the minimums shown above.
All sales on a strict "no-nag" basis. We will ship as soon as your check clears, but we allow Two weeks (14 days) for your check to clear. Calls looking for your order two days after we receive your check will be politely and patiently rebuffed. ORDERING INSTRUCTIONS:
1. You may order by e-mail only to firstname.lastname@example.org. No phone orders, please. Please do NOT order by replying to this email, because it will delay your email.
Your email must include your complete name, address, & phone number. We cannot ship to you without your address. Sorry, we cannot ship outside the United States or to Tennessee.
Repeat, you must include your complete name, address, and phone number. Our clairvoyant quit without warning last week and we can no longer read your mind.
2. When you buy from us, we cannot later change or cancel the trade. We are giving you our word that we will sell at that price, & you are giving us your word that you will sell at that price, regardless what later happens in the market, up or down.
If you break your word to us, we will never again do business with you.
3. Orders are on a first-come, first-served basis until supply is exhausted.
4. "First come, first-served" means that we will enter the orders in the order that we receive them by e-mail.
5. If your order is filled, we will e-mail you a confirmation. If you do not receive a confirmation, your order was not filled.
6. You will need to send payment by personal check or bank wire (either one is fine) within 48 hours. It just needs to be in the mail, not in our hands, in 48 hours.
7. "No Nag Basis" means that we allow fourteen (14) days for personal checks to clear before we ship. Want your order faster? Send a bank wire, but that's not required. Once we ship, the post office takes four to fourteen days to get the registered mail package to you. All in all, you'll see your order in about one month if you send a check.
Argentum et aurum comparanda sunt —
Silver and gold must be bought.
— Franklin Sanders, The Moneychanger