First Spouse Gold Coins
The first spouse gold coins program is quite successful as collectors and investors are increasing their demand for these popular coins. This program was started in 2007 to honor our country’s first ladies and will feature every First Lady through Pat Nixon who held that position from 1969 to 1974. The coins will be issued 4 or 5 per year through 2016.
Some presidents obviously were not married such as Thomas Jefferson, Andrew Jackson and Martin Van Buren and in those cases a coin will still be issued but it will feature a depiction of Lady Liberty on the Obverse and themes from the President’s life on the reverse. The coins are all one half ounce 24 karat gold or .9999 percent pure, thus making them true bullion coins. All have a face value of $10
The United States Mint wanted to get into the true bullion coin market due to demand from investors and in 2006 started out with the first true bullion coin issued in the United States which was the Buffalo Gold Coin. Since then the First Spouse gold coins have been added to the bullion coin lineup and will continue through at least 2016 with this program.
Listed below are the currently or soon to be available First Spouse coins:
2007 Releases
Martha Washington
Abigail Adams
Jefferson’s Liberty
Dolley Madison
2008 Releases
Elizabeth Monroe
Louisa Adams
Jackson’s Liberty
Van Buren’s Liberty
2009 Releases
Anna Harrison
Letitia Tyler
Julia Tyler (due out August 6, 2009)
Sarah Polk
Margaret Taylor
Check out our store for available First Spouse gold coins.
President Obama To Take 69 Percent Ownership Of GM In Bankruptcy
With President Obama’s continued march towards socialism in the United States and continued government intervention in banks and American industry, General Motors looks like it’s going to be the next company to be nationalized by the ever intrusive government. My only question at this point is, what, you didn’t think with all the handouts from Barack Obama, that this wasn’t going to happen?
Whoever thought that a major company such as GM would be facing bankruptcy? In the later part of the 70’s when I was driving classic muscle cars such as the 69 Camaro and the 69 Firebird, GM was the leading car maker in the world and now its stock price is $1.15 when it was over $93 in April of 2000.
The possible bankruptcy now facing GM is being blamed by the media on GM bondholders being unwilling to take a “deal” offer up by the Obama administration giving them approximately 4 cents per dollar they are owed which they soundly rejected. What stories such as this one about the GM bankruptcy fail to mention is that the President is violating bankruptcy law by offering bondholders (read that, “financiers of the company”) such a deal. Granted, everyone loses is a bankruptcy, but there is law that must be followed mandating how a deal of this magnitude is to be handled.
Bondholders are owed $27.2 billion, or 43% of GM’s debt because they financed the company. In other words the money they paid to buy GM bonds allowed the company to run, pensions and salaries to be paid, parts to be purchased and other business activities to be paid for. The Obama administration was then only offering these bondholders a measly 10% of the mostly worthless company stock. Such a deal. The most bizarre thing about the deal being brokered by Obama’s henchmen is that the government may now take as much as 69% ownership in the company when they are only owed 27% of the outstanding debt.
How much worse will it get before Americans start to wake up and figure out what’s going on? Maybe it’s time to buy some gold bullion, bury it in the back yard so the feds can’t find it and stock up the bunker.