Market News

Gold prices rising

Inflation Update: Gold Surges above $1,900

Gold, Market News |
The price of gold exploded higher last week, climbing to a fresh 9-month high above $1,900 an ounce. Gold is shining once again as investors believe that a minor drop in the headline inflation rate in December will slow the pace of Federal Reserve interest rate hikes, which is already boosting demand for the precious metal. Gold traded as high as $1,921.50 last week as investors are flocking to the precious metal following the release ... >> Read More        
How Oil Could Influence Gold Prices in 2023

How Oil Could Influence Gold Prices in 2023

Gold, Market News |
Oil prices have a meaningful influence on gold prices. Understanding why means first examining how dollar-denominated assets work. A dollar-denominated asset is any asset priced in US dollars. Gold is an example of a dollar-denominated asset as well as oil. This means that a rise in the value of the dollar is likely to drive down the price of those assets. The rise and fall of gold and oil prices often occurs in tandem because ... >> Read More        
Massachusetts Bay Colonial Coins

Massachusetts Coins: The First Silver Coins Struck on American Soil

Market News, Rare Coins |
Thirty two years after the Mayflower landed on Cape Cod with 101 adventurous souls, Bostonians began minting silver coins. At this time the American colonies were, of course, ruled by England. And the colonial governments were run according to the charters granted by England's king. A few of the charters permitted the colonial governments to mint coins, but most did not. Massachusetts Bay was the first English colony to challenge this prohibition when the Massachusetts ... >> Read More        
2022 inflation increasing

The State of the Economy and Gold: A Look Back at 2022

Featured, Gold, Market News |
As an investor, there was nowhere to hide in 2022. Except in gold. The carnage in the investing world was evident everywhere in 2022, with double digit losses in top-rated government and corporate bonds, to the major stock indexes, and to cryptocurrency and tech stock darlings. Gold: One of the Best Performing Asset Classes in 2022 As inflation ravaged the value of cash, precious metals investors held their value in gold throughout 2022 – proving ... >> Read More        
gold bars

What Could 2023 Bring for Gold?

Gold, Investment, Market News |
Gold is trading around $1,800 an ounce – virtually unchanged from year-ago levels – as gold served one of its ultimate functions in your portfolio: capital preservation. That compares to double-digit losses in the stock and bond market in 2023. While gold was one of the best-performing asset classes in 2022, what could the New Year bring? There are four major macroeconomic factors that will keep demand for gold high in 2023, according to Gold ... >> Read More        
plantation coin

Say Aloha to Hawaii Plantation Tokens

Market News, Rare Coins |
If you've ever visited the balmy islands of Hawaii, you may have seen a sugar or pineapple plantation during your travels. Just like the "territorial" gold you may be familiar with struck by private minters in California, Oregon, Utah and Colorado, there is a charming subset of territorial coinage known as Hawaiian plantation tokens. From 1860-1891, plantation tokens were struck for use in company stores on some of the well-known and large Hawaiian plantations. All ... >> Read More        
Goldv bars and American bills

Inflation: Not Just an American Problem

Gold, Market News |
Consumer inflation rose 7.1%, down from a summer peak of around 9% this year, according to the November consumer price index report. Yet, once you dig into the data, the cost of many things you buy are still rising – like groceries, dining out, recreation services and haircuts and other personal care services. In 2022, inflation is not just an American problem – it's a global problem. Heading into 2023, it's unlikely this stubborn rising ... >> Read More        
Five of The Most Valuable Coins in the World

Five of The Most Valuable Coins in the World

Market News, Rare Coins |
1794 Flowing Hair Silver Dollar: $10 Million 1933 Saint-Gaudens Gold Double Eagle: $18.9 Million The 1787 Brasher Doubloon: $7.4 Million The 1343 Edward III Florin: $6.8 Million 1913 Liberty Head Nickel – Morton-Smith-Eliasberg: $4.56 Million Coin collecting is widely recognized as one of the most rewarding pursuits in the world. Once known as the “hobby of kings,” it is now called the “king of hobbies”.  As this review of the five most valuable coins in ... >> Read More        
federal reserve building

Inflation Battle Isn’t Over Yet. Fed Hikes Rates Ahead of Holiday

Gold, Investment, Market News |
The Federal Reserve hiked interest rates for the seventh time in 2022 on Wednesday, increasing its benchmark rate to 4.25-4.50%, a 15-year high. The Fed's rate increase of 0.5 percentage points was smaller than the last four rate increases. The gold market traded above the $1,800 level after the Fed news and the current environment for gold is positive. Over the past two months, gold has soared 10% higher, trading from a low at $1,638 in ... >> Read More        
The First Early Gold Coin to Feature a Native American

The First Early Gold Coin to Feature a Native American

Gold, Market News, Rare Coins |
A new Quarter Eagle gold coin, worth $2.50 in face value was issued in 1908 – known as the Indian Head. This is the first coin to feature a real Native American. Earlier coins that featured Native Americans were stylized portraits and did not represent real people. Also notable to collectors, the Indian Head gold pieces that survive today remain the only U.S. circulating gold coins with a recessed design – or one that is ... >> Read More