Precious Metal & Rare Coin Market News

The origins of Labor Day may surprise you. For many Americans, Labor Day marks a day off from work –  a traditional end of summer rite of passage marked by backyard barbecues, street parades (pre-pandemic of course), parties and fireworks. As we witness history in 2020 unfold, with new protests this weekend at the Kentucky Derby and elsewhere, we offer perspective to reflect back on what was occurring in our nation just over 125 years ... >> Read More        

Silver defied gravity in 2020 – outperforming even gold – during this historic rush into precious metals. Getting a late start to the precious metals rally is not unusual historically, according to well-respected independent commodities research firm – CPM Group, founded in 1986 via a management acquisition of the Commodities Research Group at Goldman Sachs. After trading as low as $12.13 an ounce in March, the silver rally gained tremendous steam in the summer months, ... >> Read More        

Trust in Money. As summer winds down, the case for gold diversification grows stronger every day. Wells Fargo's Head of Real Asset Strategy John LaForge outlined in a research note to clients on Aug. 24 the factors that drove gold up 35% in 2020. They are: low long-term interest rates excessive global money printing a weakening U.S. dollar The fourth reason he states might be shocking to some: distrust in the global monetary system. Here's ... >> Read More        

Election politics take center stage. Only 70 days until the presidential election. The nation is hurtling towards one the most contentious and most significant presidential elections in decades. Indeed, the political conventions are now in full swing. And, thanks to Covid, the nominating conventions are virtual. Instead of in front of thousands of in-person delegates, Joe Biden officially accepted the Democratic presidential nomination in a virtual event last week. President Trump and the Republicans follow ... >> Read More        

The list of venerable Wall Street firms, hedge fund managers and billionaires who are betting big on gold in 2020 is nothing new. But this is. Stop the presses! Warren Buffett's Berkshire Hathaway Inc. just announced a $565 million stake in Barrick Gold Corp. – the world's second largest gold miner. Why is this big news? Historically, Buffett has said he doesn't favor gold investment plays. Apparently, 2020 is different. But, we all knew that ... >> Read More        

Money is transitory. It is the only way to transact business/pay bills. From the beginning of time, this has always been the role of money. Wealth is different. Wealth is measured in real things. Property. It always has been and always will be. In the United States, wealth and money (dollars) have become intertwined over the past fifty years or so. This is a recent phenomenon and is only due to the dominance of the ... >> Read More        

Consumer inflation heats up fast. Is the inflation genie out of the bottle? Once it has escaped, policymakers know it is very hard to get it under control… New data last week revealed that July Consumer Prices jumped higher. The annual core CPI inflation rate rose to 1.6%. Here's what costs more now: Gasoline prices increased by 5.6% m/m in July, motor vehicle insurance prices increased by 9.3% m/m last month, air fares increased by ... >> Read More        

That didn't take long. As the historic precious metals rally in 2020 continues, gold hit a major milestone last week at the $2,000 per ounce level – and kept on going! Spot gold traded as high as $2,059.90 last week as the coronavirus pandemic created the perfect playbook for gold and silver to perform strongly. Global central banks and governments continue to flood the economy with stimulus and cash which has lifted demand for tangible ... >> Read More        

Last week was one for the history books. After nine-years, gold surged to a new all-time record high – trading up to $1,977.50 as the Covid pandemic rages on, the economic data crumbles and the U.S. dollar crashes lower. The GDP report was a bitter pill to swallow – even though we knew it was coming. The 2Q GDP report revealed that U.S. economic growth plunged 32.9% in the second quarter. That marks the largest ... >> Read More        

The U.S. Stands at a Dangerous Tipping Point. As gold spiked to a new all-time record high this week at $1,960 an ounce, Wall Street investment bank Goldman Sachs warned the U.S. was at risk of losing the dollar reserve currency status. Soaring U.S. government debt, rising political uncertainty and social unrest dominate our times. Meanwhile, our government policies have cheapened the value of our money. The U.S. dollar’s century-long reign over the world economy ... >> Read More