Precious Metal & Rare Coin Market News

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        

By the first week of August gold reached an all-time high of $2,059 per ounce. While increases like this can arise from a number of circumstances, it seems reasonable that a pervasive sense of uncertainty is one of the biggest contributing factors. Consider that this run-up is happening at a time when consumer demand for gold has fallen sharply. Jewelry sales fell by approximately 46% in the first six months of 2020. Gold investors have ... >> 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        

We live in confusing times. The outlook for a COVID vaccine has never been more promising. Yet, the number of new cases in the US has never been more dire. This dichotomy has people reeling because they are rightfully frightened while guardedly optimistic. Consider the tone Pfizer CEO Albert Bourla struck earlier this month when he remarked on the company’s progress towards a vaccine stating, “until now I was thinking if we have a vaccine ... >> Read More        

Uncertainty has long been the default outlook of investors. The present, however, represents both uncertainty and volatility not commonly seen in the markets. COVID-19 cases continue to climb, geopolitical events develop on an hourly basis, and markets are wavering. These factors, which are likely to remain in flux over the next six months, have investors confused. In times like these, it is often useful to examine the most influential characteristics of the present to understand ... >> Read More        

Gold: One of 2020's Top Performing Asset Classes All eyes are on the gold market. Gold closed higher for the fifth week in a row, cementing its spot as one of 2020's best performing asset classes. Gold is up 17% this year and closed above the $1,800 an ounce level last week. Silver wasn't going to be left behind – and it also closed higher last week above the $19 an ounce level. The trend ... >> Read More        

If you are parking your sidelined cash in a money market fund, caveat emptor. That's Latin, of course, for let the buyer beware. Long thought to be a safe harbor in turbulent times, money market funds are showing their true stripes these days. Few investors read the fine print on their investment company's website or obscure SEC documents, so we are detailing current issues you need to understand here. Long gone are the days when ... >> Read More