Precious Metal & Rare Coin Market News

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        

As the California gold rush introduced more gold into the economy the U.S. Congress resolved to design and issue a gold dollar. The decision, however, was not without detractors. The Mint director at the time, Robert Patterson, was opposed to the idea. When a bill was introduced to support the initiative, some argued that it would lead to problems like counterfeit currency, and confusion with other coins. Others, in favor of the idea, cited benefits ... >> Read More        

An Early Southern Gem After the end of the American Revolution, the state capital of South Carolina – Charleston at the time, was considered vulnerable to attack by sea, and also too far from the magnificent plantations and agricultural lands that were being developed throughout the state. The South Carolina legislature took action. In 1786, they named Columbia, alongside the Congaree River, the new state capital of South Carolina. This made Columbia one of the ... >> Read More        

Countdown to Election Day. In a watershed event, Americans will conclude their voting in the 2020 U.S. Presidential election this Tuesday evening. A record number of early voters have already voted. And, the clock is ticking before polls will close on Tuesday evening for good.              What's at stake? The White House, 35 Senate seats and 435 House of Representative seats are on the line. Election officials have widely broadcast that final tallies won't likely ... >> Read More        

The importance of environmental, social, and governance (ESG) issues to investors is playing an out-sized role in decision-making today. More individuals and businesses are trying to understand how their actions will impact others. An example of this phenomenon can be found in one of the least expected places: a colony of 25 rare chinchillas. The short-haired chinchilla is an endangered species after being hunted to the brink of extinction. However, what makes this particular colony ... >> Read More        

Will Supreme Court Rescue Trump Presidency? A global pandemic, wrenching unemployment and political polarization have created one of the most uncertain presidential election environments in modern history.  In late October, polls show the presidential race tightening between President Trump and Democratic nominee Biden. The president has been casting doubt over mail-in ballots for weeks and the Republicans have been busily filing hundreds of lawsuits across the country designed to limit how mail-in ballots can be ... >> Read More        

Trick or treat? Halloween is fast approaching. What spooky surprise might be just around the corner? The nation is on edge. Early voting numbers are through the roof. A record number of 52 million Americans have already cast their ballot in this year's U.S. Presidential Election – and we still have another week to go before Election Day. As Americans stream to the polls, there is another looming threat overhanging credit markets. Two of the ... >> Read More        

It's December: The Nation Is Still Waiting for a Winner Dozens of lawsuits are underway to decide whether or not uncounted mail-in ballots in key battleground states should be counted. It was a rigged election, the Republicans say! So…here we are in early December – and the nation still doesn't know who won the Presidential election in November. Joe Biden won the popular vote easily on Election Day – as the polls predicted he would ... >> Read More        

Goldman Sachs says sell U.S. dollar, buy silver. Heading into the U.S. election, Goldman Sachs issued new reports over the past week advising its clients to sell the U.S. dollar and to buy silver. “The risks are skewed toward dollar weakness, and we see relatively low odds of the most dollar-positive outcome -- a win by Mr. Trump combined with a meaningful vaccine delay,” Goldman analysts said. A weaker U.S. dollar is a positive signal ... >> Read More