The Story Behind The 1933 Double Eagle

The 1933 Double Eagle Coin.

Source: https://commons.m.wikimedia.org/wiki/File:NNC-US-1933-G$20-Saint_Gaudens.jpg#mw-jump-to-license


The change of design for American Eagle gold coin triggers me to study the history or development of the American gold coins. And there is a fascinated story about the Amercian gold coins development in 1933 – The most famous gold coin – The 1933 Double Eagle Gold Coin.

I believe that most people will remember that in 1930s, US was in the bank crisis. In 1933, in order to end the 1930s general bank crisis, US president Franklin D. Roosevelt issued an important executive order – Executive Order 6102.

This Executive order 6102 was about:

  • All persons are required to deliver all gold coins and all gold bullion products which owned by them to Federal Reserve Bank.

It made:

The 1933 Double Eagle: America’s last gold coin struck for circulation and the last gold coin that can be legally owned by an individual.

However, a number of 1933 Double Eagle Gold Coins were stolen or rescured before melting and those stolen coins found their way into the hands of collectors before later being recovered. Some of the 1933 Double Eagle Gold Coins were acquired by King Farouk of Egypt who was a professional collector of many things.

In 2002, one of the 1933 Double eagle was sold to an anonymous bidder at a Stacks Bowers action in New York for USD 6.6 million.

In 2021, the coins was sold for more than USD 18 million.

If one day, you discover this 1933 Double Eagle Gold Coin, remember its story behind this gold coin.

Political Influence of Chinese Government over Stock Markets

Tecent stock fell over 10% in Hong Kong stock market on Tuesday after Economic Information Daily – a business newspaper owned by Xinhua News Agency published an article about online game.

The article used the terms of “spiritual opium” and “electronic drug” to describe the harmful effects of oline gaming on children and teenagers. The analysis also pointed out that industries insiders and leaders should be vigilant about the harm of online games in young people and children.

Actually there was a massive sell-off for Tecent few days ago. This analysis of online games just a week after a big slumps of Chinese tech stocks. Last week, Tecent temporarily suspended new user registration for its WeChat messaging platform because of secutiy systems udpates. Investors believe its updates is due to compliance and regulation issues from Chinese government.

The recent incidents about Tecent also proof that Chinese tech giants have to keep a good relationship with Chinese Governemnt. And they have to fulfill more social responsibility when doing business in China. 

Robert Kiyosaki suggested: Buy silver bullion now to prepare for the next decade

Silver Bullions


The famous author of RICH DAD POOR DAD as well as a famous investor indicated the importance of buying silver bullion. In his opinion, silver is the most undervalued, lowest risk, and best investment of all assets classes. He said that he would invest in silver U.S. Eagles today, not tomorrow. However, he would stop accumulating silver when silver spot get over USD 40 per troy ounce.

Robert Kiyosaki believe that globel pensions collapase will be one of the biggest threats that we will see the next 10 years. He does not think the governments and central banks will know a clear perspective to respond to this massive multi-trillion-USD global crisis. 

He suggested that “If you have no gold or Silver, start accumulating today, and do not worry about price.” “I believe that when the panic hits, gold and silver will disappear from markets as prices climb.” He also pointed out.

Physical bullion products like gold and silver are very traditional investment tools and people use it for long long time. Let wait and see whether the wisdom and experience of older people will win the monetary games.

Let me know you thought.

Safe Heaven – Bullions Markets

When stock markets plunged around the world, buying bullions will be one of the ways to preserve your wealth.

Do you know that the bullions like gold and silver have a significately increase in the past two year? Bullions investments have not been in the spotlight before the pandemic, However, they are rising enormously during the pandemic till now.

Bullions will surely become one of safe heavens during the volatility of the stock markets. Furthermore, some analysts believe that once pandemic is over, ecomony activities will rebounce in the speed that we cannot imagine. They believe there will be a strong demand on Silver, Platinum and Palladium.

No matter you believe or not, buying bullions is a good way to diversify our investment portfolios. Remember the rule that do not put all your eggs in one basket.

Do you share the same idea with me? Let me know your thought.

What did I sell to them?

“Don’t believe what a businessman says as well as a politician.” My boss was standing next to my working desk, holding his cup of espresso and commenting on the recent news of Mr. President.

“You’re a businessman but you’re my boss. And I believe what my boss says.” I smiled and replied.

“Businessmen and politicians are just buying what they want from the poor and benefiting the rich.”

“Then, what did the poor sell to them?” I asked.

“You’ve sold something to them but you don’t know what you’ve sold, do you?” He asked.

“Information and privacy?” I guessed.

“When the rich make war, it’s the poor that die.” He said but he didn’t answer me straight.

“Patriotism?” I guessed again.

He smiled at me and drank his cup of coffee.

What a strange boss.

Does anyone know the recession is coming?

Here is the story of me and my boss.

I work in a strange company that my boss suggests stopping facebook and Instagram sharing of your daily life. At first, It’s hard for me as I used to share my life in social media. However, the more time I work for him, the more I know for his rigorous control.

Anyway, working for him is lovely.

‘Knock-Knock’

‘Come in’

I come to office at 9 a.m. but my boss will always be earlier than me.

‘Please tell me your instincts, will you believe the recession is coming?’

‘Pardon me?’ He always asks unusual questions, but he not always ask them in the early of the morning.

‘Tell me, who will be the last one to realise the recession?’

‘It must be the working class, like me.’

He let out a belly-laugh.

‘Why rich people don’t let them know when recession is coming? They have families as well.’ I want to express my feeling about riches always forget the poor.

‘You should ask, why government doesn’t want to let them know.’

Sometimes he asks me powerful questions that makes me blank.

‘Recession, when you see it, it will be too late. We should say ‘thank you’ to the poor because they always pay the costs for our society.’

Yes, it’s sad but true.