Gold Price back above $1,400 after the FED's FOMC meeting

Gold rising above 1,400 .Gold on the rise in Asian markets. In Singapore, the yellow metal rose to $ 1,400.38 an ounce the yellow metal back above $ 1,400 an ounce (1400.38), gaining 0.3%.The Federal Reserve U.S. central bank held its latest Federal Open Market Committee (FOMC) meeting on monetary policy on Tuesday. The FOMC holds eight regularly scheduled meetings during the year and other meetings as needed. The FED decided to continue with its $600 billion QE quantitative easing program and kept interest rates unchanged at record low levels.

ALERT : Fake Mexican Silver Coins

There are a lot of fake Mexican silver coins, all denominations and old dates as well, first thing is see if a magnet will stick to it, most I have seen that have the weight and feel are magnetic, A lot of Mexican silver coinage is either .903, .8 ,or .72 fine silver, there were very few denominations made from 10%, the 1957 - 1967 peso comes to mind.Most mexican silver dollars are only 10% silver.There are some very nice Mexican coins worth collecting and there are some that are basically worth scrapping...

Watch out for fake Silver coins Made in China

Watch out for fake Silver coins Made in China , there some fake Chinese pandas coins circulating , so get yourself a digital scale and weight them , the Chinese are very good in making all king of fakes including gold and silver to be very careful .Weighting could not be enough though , I am sure that there will be new fake silver with the correct weight coming soon (by mixing metals, etc). As soon as we figure out their game, they change it ,while weight is a quick and easy test. It is not a final test on whether or not it is real, There are other tests that can be done. I will have to get out the college chem textbook to review. There is a calculation based on the mass of the object and its volume displacement in water for .999 fine, this will yield a theoretical calculated weight based on the molecular weight of the metal in question. Compare this to scale , there is also the ring test where you flip the coin off your thumb to make sure your coins doesn't have a high pitched sound to it. but most importantly try to buy only and exclusively from sources you trust