Precious Metal & Rare Coin Market News

Fed to the Rescue. Again. You may have heard the saying, "Don't Fight the Fed." Last week, the Fed once again turned fear into greed and boosted stocks with an unexpected announcement that it will start buying individual corporate bonds. Whatever it takes. Yes, indeed. No matter the future cost, the Fed valiantly continues to support the bubble in risky assets, known as the stock market. No matter how far the stock market valuations differ ... >> Read More        

A wake-up call hit Wall Street last week. The Dow plunged over 1,800 points in one day, or 6.9%, chalking up the worst day since March. Rightly so, many have questioned the stock market's near vertical rally in recent weeks, while the pandemic rages on and many businesses are a skeleton of their former selves. Last Thursday, the excessive optimism collided with reality and stocks plunged. Signs that coronavirus cases are surging in some states ... >> Read More        

It turns out money printing isn't just for rich nations any more. Emerging market countries like Chile, Costa Rica, Croatia, Hungary, Indonesia, Poland, Romania, the Philippines, South Africa and Turkey are taking a page from the developed nation's monetary policy playbook this year. In an effort to combat the economic slowdown foisted onto the world by Covid-19, emerging market central banks are playing copycat to the United States by buying bonds of various kinds in ... >> Read More        

Gold prices are often cited as a simple example of how supply and demand works. However, beneath this basic dynamic is something far more complex: the gold supply chain. Supply involves more than just mining yields. It also involves intricacies like recycling operations, transportation, and refinery activity. In the months following the COVID-19 outbreak, all three of these components have experienced significant shocks. Consider gold recycling, which commonly represents approximately 25% to 30% of the ... >> Read More        

Big surprise! The U.S. unemployment rate fell last month as more workers returned to work as the economy began to reopen! No doubt, the jobless rate remains exceedingly high historically. We are still in the double digits. In May, the jobless rate stood at 13.3%, down from 14.7% in April. 6 Key Takeaways as We Head into June The worst of the job losses may be behind us. Yet, it could take years for the ... >> Read More        

Welcome to summer. As the Great Lockdown ends and states continue to loosen Covid-19 restrictions, Americans are venturing out to shop, socialize, get their hair cut and eat at outdoor restaurants, tables spaced six feet apart. The U.S. economy is slowing returning to work. While the reopening is encouraging for the economy, there remain many challenges for customer-facing businesses. This is likely to be a long process as social distancing measures remain in place limiting ... >> Read More        

Known as the "Oracle of Omaha," many believe Warren Buffett, Chairman of Berkshire Hathaway Group, to be the greatest investor of all time. What many investors may not know about Warren Buffett is his big silver buying spree 20 years ago. From 1997 until 2006, Berkshire Hathaway bought over 37% of the world’s silver supply. A keen value investor, Buffett saw silver's collapse from $50 an ounce to under $10 an ounce as a buying ... >> Read More        

At the end of Mark Twain’s, The Adventures of Huckleberry Finn, the main character tells the reader that he is going to “light out for the territories.” That is, he is going to head out to the great frontier. In this new chapter of history, investors should consider how they will reach the frontier…the efficient frontier. The efficient frontier is a concept that is part of modern portfolio theory, or MPT. The idea behind modern ... >> Read More        

Harold Hamm lost more than $3 billion in March. The self-made billionaire is scrambling to survive the bust in oil prices, which saw New York crude oil trade below $0 a barrel last month. With no college degree, Hamm first hit it big by drilling in an overlooked North Dakota oil field over a decade ago. The coronavirus pandemic tanked global demand for crude oil, another market completely disrupted by the crisis. While you probably ... >> Read More        

Approximately half of the states in the US are starting to relax social distancing measures. This fractious approach to returning to “normalcy” has become the defining characteristic of the country’s response to COVID-19. Some states are extending aggressive stay-at-home measures. Others never fully embraced them in the first place. Despite this asymmetry, there appears to be a uniform hesitance among Americans to embrace business as usual. While the government and states can issue formal re-opening ... >> Read More