Drockton Bullion & Coin
Tuesday, June 9, 2015
Thursday, June 4, 2015
Beware of "Generic" Silver Rounds
Why Buy Generic Silver Rounds When you Can Get Quality for the Same Price or a few Pennies more????
Sunday, May 10, 2015
How the Debt Crisis Affects You: Paul A Drockton M.A.
(I originally wrote this article in 2011, but updated it today)
I have been asked how the current debt crisis
will affect the average person.
They have two choices this time:
1. Raise the debt ceiling by a few more trillion dollars.
2. Default on their manufactured debt.
Both choices will result in the destruction of
the dollar. If they raise the debt ceiling then they destroy our nations
credit standing. Since they control the credit rating agencies anyway,
and have held off the inevitable for far to long, this will happen
regardless of what they do. Default is the equivalent of not paying your
credit card bills, mortgage and car payment. You become an unacceptable
credit risk and you are no longer able to borrow money.
The United States of America is the world's
largest creditor nation. We owe more money to more people than any other
country on earth. We don't sign loan applications as a country.
Instead, we issue bills, notes and bonds.
Treasury Bills:
Bills are short-term debt that will expire within the next 12 months.
Your CDs at the bank invest in Treasury-Bills, so do the money market
funds. In fact, T-Bills form the basic foundation for most of your
savings programs. Default means that these funds will fail, because the
U.S. government will not honor the debt, or make any payments to satisfy
the principle. It also will destroy the banking, mutual fund and credit
card industry.
Treasury Notes:
Notes are 10 year obligations that are purchased as an investment by
your mutual funds in their bond portfolios. Again, failure to pay this
debt will cause the Bond market to literally collapse overnight, wiping
whatever retirement, pension and long-term savings plans that invest in
them (all of them), right off the books.
Treasury Bonds:
Bonds are 20-30 year debt obligations. Mortgages are tied to Treasury
Bonds. Mortgage interest rates are also tied to Treasury bonds. If the
government defaults, then it would destroy homeowners with variable rate
mortgages, or those seeking to purchase a new home. It would also
destroy the bond market and mutual funds with a bond portfolio.
This is why default is not an option. At least, not yet. Which leads us to choice number two:
Raising the Debt Ceiling:
This is like an out of control debtor borrowing
more money from a loan shark. It will destroy our credit rating and
force us to pay higher interest rates on all future bills, notes and
bonds. Currently, we just keep refinancing our debt with the Federal
Reserve that issued it in the first place. Meanwhile, interest keeps
compounding and we find ourselves virtual slaves to the international
banksters.
Raising the debt ceiling will also raise
interest rates, since we become a greater risk as an investment. Expect
bond-rating agencies to trash the U.S. credit rating. The following will
result:
1. Higher interest rates will mean that all
existing debt will be discounted by investors, you will see dramatic
losses in the bond market and those that invest in bonds will suffer
accordingly. This will affect 401K plans, pension funds, and other
retirement plans.
2. Higher rates also mean that those with credit
cards will also watch their payments skyrocket, increasing consumer
defaults and killing off what remains of the retail industry.
3. Foreclosures will increase as those with variable rate mortgages will be unable to make their monthly payments.
4. A major stock market correction as companies
forced to pay higher interest rates go under, stop making their debt
payments and report dramatic losses in earnings.
5. Unemployment will rise.
The eventual outcome is hyper-inflation and
economic collapse for either choice. The dollar will be destroyed and
with it, the American economy. Silver prices will escalate dramatically
and I believe the gold confiscation act will come about through
Executive Order, with the promise of stabilizing our nations' economy
through a new gold standard.
Monday, May 4, 2015
American Silver Eagles as Low as $19.37 Each!
1 Oz American Silver Eagles are one of the most popular silver bullion coins in the world. They are composed of 99.9% pure silver and are minted by the United States Mint. They are sold individually, in rolls of 20 or in the green "Monster Box" of 500 coins.
American Silver Eagles have a nominal face value of $1 but they are worth spot silver plus an additional premium.
They have the Walking Liberty design on the front. This is the same design used on the old 50 cent pieces. On the back is the American Eagle from whence they derive their name.
We Buy and Sell American Silver Eagles!
Current Sell Prices:
500+ Spot Plus $2.39
101-499: Spot Plus : $3.15
0-100: Spot Plus $3.59
Call us to sell your American Silver Eagles!
1-801-794-2646
cell: 330-636-6292
sales@drocktonbullion.com
Visit Us:
1266 East Center Street
Spanish Fork, UT 84660
Thursday, April 30, 2015
Tuesday, April 28, 2015
Europe's Favorite .9999 Gold Bullion Coin. The Austrian Philharmonic.
The Austrian (also Vienna) Philharmonic is the best-selling gold coin in Europe. Attesting
to its international popularity as one of the "pure gold coins" the Philharmonic
led sales worldwide in 1992, 1995 and 1996, according to the World Gold
Council. In 2008, at the height of the worldwide credit-financial crisis, more one-ounce
Philharmonics were sold on a global basis than U.S. Eagles or Krugerrands.
Like its competitors, the Philharmonic tracks the gold price and is internationally
liquid.
The Philharmonic is struck in pure, 24-karat gold. The obverse
of the coin depicts the great organ in Vienna's concert hall,
home of the famed
Vienna Philharmonic Orchestra. The obverse shows a harmonious
medley of musical
instruments -- a string base, cellos, violins, a bassoon, harp
and Viennese horn.
The Philharmonic is minted in one-ounce (troy), half-ounce,
quarter-ounce and one-tenth
ounce sizes with successive face values of 100, 50, 25 and 10
euros respectively. Earlier mintages before the creation of the euro
were denominated in schillings.
Pricing:
1 Oz: Spot Plus $42.50
1/2 Oz: Spot Plus $39
1/4 Oz: Spot Plus $28
1/10 Oz: Spot Plus $17.50
Call 330-636-6292
OR: 1-801-794-2646
email: sales@drocktonbullion.com
Visit Us:
1266 East Center
Spanish Fork, UT 84660
Australian Kangaroo Gold Bullion Coin: .9999 Pure Gold Bullion!
.9999 Pure Gold Bullion Coins
There are two forms of 99.99% pure gold coins:
The traditional Australian Kangaroo Gold Coin Series, available in in five sizes; 1 kilo, 1oz, 1/2oz, 1/4oz and 1/10oz.
Pricing: 1 Oz Spot + $45
1/2 Oz: Delay
1/4 Oz Spot +27.50
1/10 Oz Spot + 17.50
Minimum Order 3 oz. any combination above... Exceptional Pricing on an exceptional gold coin..non-confiscatable. Locks when Funds are received due to market volatility.
Call: 1-801-794-2646
or: 1-330-636-6292
sales@drocktonbullion.com
www.drocktonbullion.com
1266 East Center
Spanish Fork, UT 84660
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