The Importance of Silver Coin Investing

The Silver coins of old are possibly the oldest mass form of coinage in recorded history. They, along with gold coins, were among the first coins ever used thousands of years ago. But, are Silver coins a good investment for today’s investor?

Silver coins, are a popular way to hedge against inflation and balance portfolio risk. It has historically been the most affordable precious metal. Unlike Gold, Silver purchases do not have to be reported. It has unique properties, which make it ideal and essential for global industry. And creates a situation where there is simply no substitute. Silver has huge industrial applications. It is found in most everything from cell phones to computers. As the worlds thurst for electronics continues to grow, so does the demand for more silver. Also, the medical industry has found almost as many ways to use silver as the industrial world. These applications makes it a consumable investment. And not just another pretty face.

Silver and gold are of course used as a form of money and also since the ancient times were used for gambling purposes. They are of metal and usually disc shaped. Coins can be dated back to the BC era. By around the year 700 BC the Mesopotamian were using precious metals as a medium of exchange.

The U.S. mint is a government controlled coin production facility. It also produced what is widely considered America’s most beautiful silver coin, the Walking Liberty Half-Dollar. The Mint removed all silver from dimes and quarters. The silver content in half-dollars was reduced to 40%. The mint continued to turn out silver coins until 1971. In the place of the silver was what is called a “Fiat Money System”. Fiat money is money with no real value of it`s own. But is enforced as legal tender by the government. The problem comes when money is mass produces without it`s real value increasing. The result is the “Fiat Money” becomes less valuable and coins with precious metals become more valuable.

Precious metals investors often ask “Should I invest in silver or gold.” Silver has historically been the most affordable precious metal. Silver Eagles are easy to buy and sell at most coin, precious metal and brokerage companies. “Precious metals have had value in all civilizations and have survived all financial crises. They can be expected to do the same in the future.” Now is the time to buy gold and other precious metals. Silver and gold, however, are much more popular precious metals investments than platinum and palladium.

To sum it all up. Silver and gold coins are possibly the oldest mass form of coinage in recorded history. These coins, are a popular way to hedge against inflation and balance portfolio risk. Silver coins can be a great investment for a number of reasons. Today, the best reasons are that silver is affordable for most people and because it`s demand is growing everyday.

The Importance and Facts About Indian Gaming

In 2009, more than 24.5 million Americans visited Indian casinos and they saw firsthand the progress that Indian tribes are making. Nationwide, there are 237 Indian tribes in 28 states use gaming to create new jobs, fund essential government services and rebuild communities. Here are some of the statistics compiled from various tribes across the US that tells an exciting story of success:

• $26.2 Billion in gross revenue.

• $3.2 Billion in gross revenue from related hospitality and entertainment services.

• 628,000 jobs nationwide for American Indians and our neighbors.

• $9.4 Billion in Federal taxes and revenue savings.

• $2.4 Billion in state taxes, revenue sharing, and regulatory payments.

Important history about Indian Casinos and Indian Sovereignty. Long before Columbus arrived in America, Indian tribes were independent sovereigns. From the first days of the Republic, the United States acknowledged the sovereign authority of Indian tribes. In 1778, the first Indian treaty recognized tribal rights of self-government and the Constitution affirms the sovereign status of Indian tribes in both the Treaty and Indian Commerce Clauses.

The Indian Gaming Regulatory Act (IGRA) protects gaming as a means to promote “tribal economic development, self-sufficiency, and strong tribal governments.” Across America, schools and hospitals are being built, dirt roads are being paved, and safe drinking water flows-sometimes for the first time. The benefits of Indian gaming are far reaching and extend in many directions.

Regulation. No one has a greater interest in the integrity of Indian gaming than Tribal Governments. Today, Indian gaming is the Native American success story. Tribal governments use their net gaming revenues to fund essential government services-education, health care, police and fire protection, water and sewer service, transportation, child and elder care. And to build basic community infrastructure, schools, hospitals, water systems, and roads. Tribal governments also give generously to charitable causes totaling over $150 million annually.

According to the NIGA, in 2009 Tribal governments spent over $350 million to fund regulation of their industry which provided over 628,000 jobs nationwide. Of the $350 million, Tribal governments spent $260 million to fund regulation of their gaming facilities. Tribal governments also provided $80 million to States to fund regulation. Tribal Governments have adopted Casino Industry Standards and Internal Controls, Tribal Governments must comply with the Title 31 (Bank Secrecy Act). Additionally, Indian Nations have created extensive security and surveillance networking systems to exchange intelligence and monitor casinos.

Federal Agencies with oversight relationships to Indian gaming including the FBI, the IRS, the U.S. Attorneys, the U.S. Marshals, Attorneys General, Secret Service and the Bureau of Indian Affairs. Tribal-State Gaming Compacts provide the states with regulatory power in Indian gaming, though IGRA recognizes that the federal government has primary responsibility for government-to-government relations with sovereign Indian Nations. Most states have a state gaming office providing for the regulation of gaming in the state. The degree of state regulation varies from state to state according to each state-tribal government compact.