The Moneychanger
Daily Commentary
Wednesday, 29 May a.d. 2013 Browse the commentary archive

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.

Special Conditions:

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 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

Your source for gold and silver. Read our latest reviews and testimonials.
Market Snapshot See more charts and market data
29-May-13 Price Change % Change
Gold, $/oz 1,391.30 12.40 0.90%
Silver, $/oz 22.45 0.27 1.19%
Gold/Silver Ratio 61.987 -0.182 -0.29%
Silver/Gold Ratio 0.0161 0.0000 0.29%
Platinum 1,451.80 -8.80 -0.60%
Palladium 747.80 -9.20 -1.22%
S&P 500 1,648.38 -0.12 -0.01%
Dow 15,302.80 -106.59 -0.69%
Dow in GOLD $s 227.37 -3.64 -1.58%
Dow in GOLD oz 11.00 -0.18 -1.58%
Dow in SILVER oz 681.79 -12.95 -1.86%
US Dollar Index 83.67 -0.58 -0.68%
IMPORTANT NOTE: The following are wholesale, not retail, prices. To figure our retail selling price, multiply the "ask" price by 1.035. To figure our retail buying price, multiple the "bid" price by 0.97. Lower commissions apply to larger orders, higher commissions to very small orders.
SPOT GOLD: 1,391.00      
GOLD Fine Tr.Oz. BID ASK $/oz
American Eagle 1.00 1,429.95 1,437.60 1,437.60
1/2 AE 0.50 712.38 735.49 1,470.98
1/4 AE 0.25 359.66 374.70 1,498.80
1/10 AE 0.10 145.95 152.66 1,526.62
Aust. 100 corona 0.98 1,355.28 1,369.28 1,396.94
British sovereign 0.24 329.41 339.41 1,441.83
French 20 franc 0.19 259.70 262.70 1,407.07
Krugerrand 1.00 1,414.65 1,427.65 1,427.65
Maple Leaf 1.00 1,406.00 1,421.00 1,421.00
1/2 Maple Leaf 0.50 799.83 730.28 1,460.55
1/4 Maple Leaf 0.25 354.71 372.09 1,488.37
1/10 Maple Leaf 0.10 147.45 151.62 1,516.19
Mexican 50 peso 1.21 1,668.60 1,683.13 1,395.98
.9999 bar 1.00 1,395.87 1,406.87 1,406.87
SPOT SILVER: 22.41      
SILVER Fine Tr.Oz. BID ASK $/oz
VG+ Morgan $B4 1905 0.77 29.00 32.00 41.83
VG+ Peace dollar 0.77 26.00 29.00 37.91
90% silver coin bags 0.72 17,524.65 17,924.65 25.07
US 40% silver 1/2s 0.30 6,242.20 6,612.20 22.41
100 oz .999 bar 100.00 2,241.00 2,316.00 23.16
10 oz .999 bar 10.00 229.10 230.10 23.01
1 oz .999 round 1.00 22.51 23.41 23.41
Am Eagle, 200 oz Min 1.00 23.66 25.41 25.41
SPOT PLATINUM: 1,451.80      
Plat. Platypus 1.00 1,476.80 1,516.80 1,516.80
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Copyright Notice

© 2015 Little Mountain Corporation, d.b.a. The Moneychanger. All rights reserved. May not be republished in any form, including electronically, without our express permission.

Warnings and Disclaimers

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary trend is up, targeting 16:1 gold/silver ratio or $195.66; stock's primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 16 ounces of silver. US$ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

Be advised and warned:

  • Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short-term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.
  • NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.
  • NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.
  • NOR do I recommend buying gold and silver on margin or with debt.
  • What DO I recommend? Physical gold and silver coins and bars in your own hands. For additional information, please see our Ten Commandments for Buying Gold and Silver.
  • One final warning: NEVER insert a 747 Jumbo Jet up your nose.

Explanation of Terms

The US DOLLAR INDEX is the average exchange rate for the US dollar against the Euro, Yen, Pound sterling, Canadian Dollar, Swiss Franc, and Swedish Krona, weighted for each country's trade with the US. It gives a general measure of the US dollar's performance against all other currencies.

The DOW IN GOLD DOLLARS measures the Dow Jones Industrial Average in gold dollars (0.048375 troy oz. by law). The DiG$ depicts the Primary (20 year) Trend of stocks against gold. When the DiG$ is dropping, gold is gaining value against stocks in a trend that should last 15-20 years. The DiG$'s chart is identical to the Dow in ounces of gold, but gives us one unvarying measure all the way back to 1896. Because it shows the primary trend ("tide") of gold against stocks, for investors it is the single most important financial chart in the world today. Since its August 1999 high at G$925.42 (44.8 ounces), the DiG$ has trended down, targeting a G$80-G$20 (4-1 oz. of gold will buy the whole Dow).

The DOW IN SILVER OUNCES shows how many ounces of silver are needed to buy the entire Dow. The DiSoz is trending down with a target of under 36 ounces.

The GOLD/SILVER RATIO is the gold price divided by the silver price, and shows how many ounces of silver it takes to buy one ounce of gold. The Ratio shows us the Primary (20 year) Trend of gold's value against silver. When the Ratio's trend is dropping, silver is gaining value against gold. This trend targets a gold/silver ratio of 16 ounces of silver to one of gold within the next 5-10 years. That implies that silver will massively, vastly outperform gold before this bull market ends. When both metals are rallying, the ratio often (but not always) drops, confirming the rally.

Other Important Information

This is not an offer to buy or sell. Prices subject to change without notice. To enter an order, call us at (888) 218-9226 or (931) 766-6066. Sorry, no sales to Tennessee.

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