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Time names Ben Bernanke person of the year for 2009

NEW YORK (MarketWatch) -- Time magazine on Wednesday named Federal Reserve Chairman Ben Bernanke its person of the year for 2009, saying the story of the year -- the weak economy -- could have been far worse if not for the mild-mannered academic. Read article

Why Precious Metals Aren't in a Bubble

Critics of precious metals investing have called gold and silver a bubble, further claiming that today's higher prices will fade as economic conditions improve. Although gold and silver prices are much more expensive than they were even a few years ago, gold and silver are hardly near bubble status. Read article

Gold Buying by Central Banks May Send Signal to Sell

Dec. 16 (Bloomberg) -- Some of the biggest buyers of gold may be sending the strongest signal to sell it, if past performance is indicative of future results. Read article

Trade group slams plan to grant Fed oversight over mutual funds

NEW YORK (MarketWatch) -- The mutual-fund industry is unhappy with elements of the financial reform bill passed by the House of Representatives last week, claiming that the proposals would go too far in their reach over funds. Read article

U.S. Senators Propose Reinstating Glass-Steagall Act

Dec. 16 (Bloomberg) -- U.S. Senators John McCain and Maria Cantwell proposed reinstating the Depression-era Glass-Steagall Act that split commercial and investment banking to rein in Wall Street firms in response to the financial crisis. Read article

Stocks, Oil Advance as Dollar Weakens Before Fed Sets Policy

Dec. 16 (Bloomberg) -- U.S. and European stocks rose on speculation the Federal Reserve will say it plans to hold its benchmark interest rate at a record low for an extended period to sustain the global economic recovery. Oil and metals rallied as the dollar fell. Read article

        
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$20 Liberty 1849-1907  $20 Liberty 1849-1907 (.96750 fine gold)
$5 1988 Olympic
$5 1992 Olympic
$5 Statue of Liberty
$5 Congress
$5 Columbus
$5 Constitution
$5 Mount Rushmore
$5 Bill of Rights
$5 WW II
$5 World Cup
$10 1984 Olympic

Market Disclaimer
While collecting coins can be fun, exciting and rewarding, certain risks are inherent to the market. Among these, exist the risk of devaluation. The coin market is relatively thin and subject to market pressures. Buy/Sell spreads and storage cost may also erode a coin's investment performance. While it is Midas' policy to assist the client by providing a liquid market, we cannot guarantee this market. Midas Resources has taken every precaution to provide the most accurate information possible. However it is provided without warranty or claim of reliability. It is accepted by the site visitor on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. The information and data were obtained from sources believed to be reliable, but we do not guarantee its accuracy. It is the responsibility of the reader to perform proper due diligence before acting upon any of the information provided.
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