Precious Metal & Rare Coin Market News

Fed Sees Three Rate Cuts in 2024 The Federal Reserve kept its key interest rate unchanged at Wednesday's meeting, but signaled that three rate cuts are still expected in 2024. That leaves the Fed’s benchmark rate at a 23-year high of 5.25% to 5.5% for the fifth meeting in a row. Deciphering the Fed's "dot plot." The Fed released its latest rate cut projections, a chart known as the "dot plot." Officials kept their forecasts ... >> Read More        

One of the most important questions for any investor is how much risk are you comfortable with? In investing, risk can be defined as: The permanent loss of your money or Not having money when you need it. Both outcomes are undesirable to say the least. Stocks are considered one of the most risky asset classes. Stocks tend to be more volatile than bonds and can deliver a higher expected return. But in exchange, stock ... >> Read More        

Gold at $3,000 an ounce? From current levels, that would mark a nearly 50% increase in price. While it's not their base case, the global banking giant—Citi—highlighted economic scenarios which would support a massive increase in the price of gold to $3,000 in 2025. So what could push price gold to $3,000? Aggressive central bank purchases, stagflation, and a global recession are all triggers that could drive the price of the yellow metal to $3,000 ... >> Read More        

When you are traveling on a road trip with kids, a question you often hear is: "Are we there yet?" For Americans tired of the high prices they see every day from food at the grocery store to personal care products, pet food and haircuts, many are asking: "Is inflation over yet?" The latest Consumer Price Index report shows what you probably already know – inflation is stubborn and still sticking around. Yep, kind of ... >> Read More        

The pursuit of rare coins often involves a combination of exploration and networking. Coin shows, reputable dealers, auctions, and numismatic events can be excellent channels for acquiring unique, valuable pieces. While these avenues are fruitful, rare coins can also be serendipitously found closer to home, namely, within the confines of your family's history! This article will explore what rare coins to look for in your forebears' collections, discussing: The elements that make a coin rare ... >> Read More        

Key Points Many big financial companies were deemed "too big to fail" during the 2008 financial crisis. This led to $700 billion in government bank bailouts at taxpayer expense. The 2010 Dodd-Frank Act created the framework for bank bail-ins. In a bail-in, a bank can take money from their depositors and bondholders to raise capital requirements and keep the bank afloat. Bank failures – both big and small – are more common that you think ... >> Read More        

When you hear a rumbling noise coming from your engine, you may pull your car over to the side of the road and take a look under the hood. In that same, way, economists and investors monitor many different reports, in order to get a handle on the health of the U.S. economy. One of those reports is the Conference Board's Leading Economic Index® (LEI). And look out! That report is making a loud rumbling ... >> Read More        

2024 Ushers In New Cycle From Fed The Federal Reserve held interest rates steady at the 5.25-5.50% range on Wednesday, as expected. The big news out of today's Fed meeting? The central bankers confirmed widespread expectations that interest rate cuts would be seen in 2024. In the post-meeting press conference, Fed Chair Jerome Powell said rate cuts were likely "at some point this year."Gold traded higher after the Fed meeting. Meanwhile, stocks fell across the ... >> Read More        

Looking back, 2023 may well be remembered for the recession that never happened. But, looking forward into 2024, what is the economic forecast for the coming year and what could it mean for gold? Many hope that 2024 will be the year of the "soft landing" for the U.S. economy. Just like Goldilocks and her porridge a soft landing would mean the Federal Reserve handles inflation and interest rates "just right"—and the economy emerges not ... >> Read More        

Despite persistent forecasts for a U.S. recession, 2023 may well be remembered as the year a recession never happened. Yet, the jury is still out on whether or not the Federal Reserve can engineer a so-called "soft landing" in 2024 – or bring down inflation to the central bank's 2% target without triggering a recession. Throughout it all in 2023, gold served investors well as a safe-haven and a hedge against inflation as we saw ... >> Read More