The Real World of Money
Fred Dashevsky is from Long Island New York. He attended University of New York at Albany and studied psychology, political science, and economics. Fred started in the coin business in 1984 in Northern New Jersey opening several offices in Southern California in the mid 80s. He returned to the east coast in 1989 and opened Hilton head office for SDL Inc. in 1991 with partner Andrew Gause. He has since opened his own business, U.S. Coin Capitol. Give him a call for your numismatic gold investments 800.878.2646
Junk silver has a minimum premium over melt value. Demand for it growing.
Fed is considering tapering down to levels considered crazy 10 years ago.
Costs are going up with inflation, shipping problems with 72 container ships sitting off Long Beach, CA, oil spill, forecast of empty shelves at Christmas. Getting hard to hide the onslaught of problems.
“Transitory” inflation projected to last a year or two. GDP going up. Can’t raise interest rates until asset purchase program ends.
Fred projects looking at a 30% increase in costs in the next 2 years.
Caller Lance wants to know what happens to numismatic coins and bullion if the Fed introduces a central bank digital coin.
Reporting requirement of transactions $600 and over would mean total loss of financial privacy. Fred predicts the numismatic market would remain unregulated.
Fed doesn’t have a playbook to deal with the unprecedented level of current issues.
Would you ever let anyone else hold your gold and silver coins?
Canadian Shandra thinking of moving to US. Wants to know if she should buy a US or Canadian numismatic coin.
The selling point for a Fed digital coin will be convenience.
Control our money and you control our actions.
October 13, 2021 @ 11:57 pm Greg
Johnson and the Congress at the time did start the raiding of the SS fund. That went on unchecked until the Reagan years. He appointed Allen Greenspan to come up with a plan to save SS. The Plan was double the tax on both the employer and the employee. The payroll tax went from 7% to 15%. The fund was also segregated again at that time. There was no “borrowing” from the fund until the Clinton Administration. They managed to find a way to raid the fund again. That is how Clinton was able to claim he had wiped out the deficit in that last year of his presidency. The surplus was the SS money that had built up in the fund since the Reagan years.