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1st American Reserve suggest kick back and go to the Movies - At Home!

Let’s Go to the Movies – At Home!

They’re not making many new movies now – they can’t, -  not with rules about social distancing and face coverings. Even in the fall, you won’t see many new movies in theaters, unless they were already “in the can” before February, like the 25th James Bond film, “No Time to Die,” scheduled to debut in April.  It’s now rescheduled for November 20 in theaters.  So, why not curl up with some “golden oldies” on video?

My friend Gary Alexander lives on a remote island with no theaters nearby, so I sent him some old films he hasn’t yet seen, starting with musicals, since he is a musician who has missed a few musicals since he moved offshore in 2004. One is “The Greatest Showman” (2017) about P.T. Barnum, with Hugh Jackman singing the title role. Jackman is also great in singing the role of Jean Valjean in 2012’s “Les Miserables.”

The Barnum movie also has a connection to the numismatic world in that Barnum was elected mayor of Bridgeport, Connecticut in 1875 and was instrumental in launching the Bridgeport Hospital in 1878. He started his Barnum circus late in life at age 60 and is buried in a Bridgeport cemetery he designed himself.  The Bridgeport Connecticut low-mintage centennial half dollar was issued in 1936 to honor the 100th year of the incorporation of Bridgeport, with the obverse depicting Barnum, the city’s most notable citizen.

Some other movies to consider watching these days include a couple of true-to-life sports histories:

“The Greatest Game Every Played” (2005), a film about U.S. golf pioneer Francis Ouimet, set in 1913, and “Glory Road” (2006) about the all-black 1966 West Texas NCAA championship basketball team.

In more recent years, here are three well-written and produced films about some more eccentric slices of life:

“The Accountant” (2016) starring Ben Affleck as an autistic accountant doubling as an assassin.

 

“Crazy Rich Asians” (2018), a “Hallmark movie on steroids” about the wealthy youth in Singapore.

“Knives Out” (2019), a mystery starring Daniel Craig investigating a family murder.

For an older favorite, check out the action film featuring Will Smith, “Enemy of the State” (1998).

Birthday of “The Continental” Currency – vs. Today’s Surrender to the Barbarians and Looters

1st American Reserve wants to share this historical item with our readers that on June 22, 1776, Congress issued $2 million in new bills, known as “Continentals.” The new paper currency featured the likeness of Revolutionary soldiers and the inscription, “The United Colonies.”  Unbacked by gold or any other assets, the bills led to immediate inflation. As George Washington noted in 1778, “A wagonload of currency will hardly purchase a wagonload of provisions.” The highest full-year inflation rate in U.S. history was 29.8% in 1778 – not eclipsed in the last 242 years. The Continental left our young nation with a heavy war debt. Chastened by that inflationary experience, America minted gold coins in the 1790s and resisted the urge to issue new paper notes until the dawn of the Civil War.

On June 15, 1775, George Washington was named Commander in Chief of the Continental Army, and the U.S. Flag was born June 14, 1777. For over six years, General Washington fought a defensive campaign in mud, ice and heat against a far superior British force – just as he had done against the French in the Seven Years War. He was so popular with his troops and the public that he was the only man they wanted to become our First President. He served eight years as President when he would have far preferred retiring to run his coastal Virginia farm. Then he retired from power, as few world rulers had ever done.

Last week, Flag Day was observed in America, then George Washington’s statue was toppled and burned after being wrapped in a U.S. flag in Portland, Oregon, on June 18. Nobody seemed to care to defend him (Joe Biden’s campaign certainly didn’t) and the national media disturbingly seemed mostly silent about it.

America’s Gold Expert® Says Invest 25% of Your IRA or 401(k) in Gold and Silver – Here’s How

Now that many leading mainstream banks have raised their gold price target and have recommended a significant portion of one’s portfolio to be in gold, it’s time to make sure your regular portfolio and your retirement portfolio are properly balanced in precious metals. A division of BankAmerica, for instance, recommends a 25% position in gold, and Bank of America just raised its year-end 2021 gold price target to $3,000 an ounce, over 50% above gold’s all-time high price and 50% above the bank’s previous target price of $2,000. The bank’s report summarizes its main argument: “The Fed Can’t Print Gold.”

Many investors have taken care of their active portfolio but they have kept their 401(k) or IRA entirely in stocks and bonds, thinking that those were the only options. Maybe their company only provided those two choices. But there are other options. Precious metals can be a part of your retirement portfolio, and our experienced team can make that transition easy for you. We have a team with long-term expertise in that field. Just call and ask for “Team Mike” and we will help you get started on the easy process of opening an account transferring funds (or “rolling over” an IRA or 401(k) account) and funding it with our preferred vehicle for long-term gains: common and rare American Eagles.

Rare American Eagle coins, minted from gold and silver, have shown appreciation in value over time, especially when held for the long-term. They are one of the few assets to offer double play potential.  First, from their underlying gold and silver content and secondly, from their growing rarity, as we typically select low-mintage American Eagles that have developed strong collector premiums due to high demand and relatively low survival rates.  Many of these hand selected coins have already been locked up long-term in IRAs.  All you need to do is sit back and watch your nest egg mature, tax-deferred, in a Precious Metals IRA!