Precious Metal & Rare Coin Market News

By David C. Zanca, Senior Portfolio Manager Winter follows fall, and summer follows spring. The seasons of nature act as a leading indicator for what comes next. After the leaves drop from the trees in September and October and the temperatures fall – winter follows. After months of snow and shorter days, warmer temperatures and longer days announce the arrival of spring. In the economic realm, employment and consumer spending are considered leading indicators. These ... >> Read More        

Recently, President-elect Joe Biden announced a plan to spend $2 trillion during his first term in an effort to accelerate the adoption of clean energy in sectors like transportation and building. The plan is a major step in the renewed initiative to lessen, or even eliminate global warming. The move is large enough to have ramifications across nearly every industry, including gold, because large scale mining operation require an enormous amount of electricity and fuel ... >> Read More        

In early societies items like shells, beads and even clay tokens were used as money. Ancient societies then advanced to using precious metals including bronze, gold and silver as the basis for their monetary systems. What defines "good" money? The key element that is essential to good money is something that maintains its purchasing power over time. Whether it’s a shell or a dollar bill, good currencies retain their value against a basket of consumer ... >> Read More        

The value of gold surged in 2020. This performance has left many wondering how much further it can go in the coming year. Many believe there is room to run. Given strong a strong previous 12 months, one might ask what could propel additional growth. The two factors that are most likely to drive gold prices up are low interest rates across the globe and the weakening US dollar. In recent reporting from Societe Generale ... >> Read More        

Inflation affects us all. If it feels like a dollar doesn't go as far as it used to, you aren't imagining it. You are experiencing the powerful impact from inflation. Inflation is the steady rise in price for everyday goods and services – things like groceries, cars and homes – that's known as the rising cost of living. When inflation causes prices to rise, but our paychecks don't, it reduces our purchasing power, and thus ... >> Read More        

Looking into the Crystal Ball for 2021 It's that time of year again. This is when investment firms begin to roll out their forecasts and projections for 2021. Degussa recently unveiled its 2021 outlook report. Their take on gold? Look for gold to climb to $2,500 an ounce by mid-2021, they say. "It appears that the savvy investor has quite some reason to expect that interest rates will remain very low in the foreseeable future, ... >> Read More        

With the presidential election results under investigation, gold investors turn their focus to the Senate this week. Judy Shelton, an economic advisor to President Trump, is most famous for her advocacy for a return to the gold standard. And, her long-standing criticisms of the Federal Reserve. This week – there is a historic opportunity for President Trump – to put his personal stamp on the Federal Reserve with his nomination of Judy Shelton to the ... >> Read More        

With the U.S. dollar index down 10% this year and inflation stirring, it's a great time to diversify investments with blue chip rare gold. A generation ago, it was common to find rare coins, collectible books, art masterpieces and extensive wine collections only in the homes of the wealthy upper class. Today, investor movement toward alternative stores of value has exploded. In fact, middle class investors want in on these smart money tangible investments too ... >> Read More        

It should first be noted that presidents, on their own, are largely unable to push the stock market in any specific direction. Consider a study from the Federal Reserve Board which determined that "neither risk nor return varies significantly across the presidential cycle." Therefore, investors seeking clues about future investment performance over the next four years should widen their perspective beyond the president. They should consider the entire political sphere. If Biden is declared the ... >> Read More        

Gold Soars after Historic Election It was a long week. No matter what side of the political aisle you sit, the markets have an important message for you. Here it is: Investors want to own gold. Indeed, as the election results became clear, gold soared over $100 an ounce over the past seven trading days. Spot gold recently traded above the $1,950 an ounce. Yes, there could still be many more twists and turns on ... >> Read More