Washington Gold Exchange LLC
The Washington Gold Exchange blog is an extension of the precious metals newsletter we began mailing to readers in 1974.
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On August 15, 1974, President Ford signed a law to make the ownership of gold legal in the United States for the first time since 1933. That was the year we began publishing a newsletter about precious metals. Our Report was snail-mailed for twenty-three years.
Our report was one of the first newsletters of its kind to reach a nationwide audience— with articles and interviews about gold, silver, platinum, palladium, rare coins, hard currencies, fine jewelry, and the economy. Before the existence of the internet, the newsletter was an alternate news source for information about the declining dollar and how to protect capital by owning precious metals. (Image by John Roberts)
We invite your comments. Mailing address: P. O. Box 368, Bellevue, WA 98009. Feel free to copy articles as long as our contact information is included, or credit is given to www.WashingtonGoldExchange.com/.
We began trading gold and silver coins in 1970— the year before the U.S. dollar was de-linked from gold. At that time, it was possible to buy and sell gold coins such as British sovereigns, Mexican 50 Pesos, Austrian and Hungarian 100 Coronas, U.S. silver and gold coins, and numismatic (rare) coins. Since then, governments around the world have minted “bullion coins” in various sizes, such as the American Eagle 1 oz, 1/2 oz, 1/4 oz and 1/10 oz Gold Eagles.
Today, money printing is causing the dollar’s rapid loss of purchasing power. Eventually, the dollar will “not be worth a Continental.” Take delivery of actual silver and gold coins. Real money in your own possession will give you peace of mind as you watch the value of the dollar deteriorate.
U. S. Continental paper dollar
1776: $1 = one silver dollar
1779: $1,000 = one silver dollar
Americans needed 1,000 paper dollars to buy 1 silver dollar!