Precious Metal & Rare Coin Market News

A message from David Beahm President and CEO Depression Ahead? The streets are eerily quiet. Traffic jams are non-existent. A record 75 million Americans are under lockdown or shelter in place orders this Monday morning as the government goes all out in the fight against the COVID-19 health crisis. Experts agree this is the worst pandemic facing the world since the Spanish flu outbreak of 1918. Yet, the morning paper is still delivered, the sun ... >> Read More        

On Sunday the Federal Reserve cut the benchmark interest rate by one percentage point. The result is a near zero rate representing a new economic reality characterized by diminished confidence and near-term fears. This move is just one of several actions designed to buoy financial support and confidence as global health concerns rise. Less than two weeks ago the Federal Reserve cut rates by half of one percent. Additionally, there are no reserve requirements for ... >> Read More        

We woke up to a Monday like no other. Daily life around the world is grinding to a halt as the virus crisis spreads. The Federal Reserve stepped in on Sunday with a dramatic, all-out attack on the growing economic and health crisis spurred by COVID-19. In the second emergency rate cut this month, the Fed slashed interest rates to 0% - 0.25%, the lowest level since the 2008 global financial crisis. In recent days, ... >> Read More        

As of this article there have been 121,061 confirmed cases of the coronavirus worldwide resulting in 4,368 deaths. Recently, the World Health Organization declared the coronavirus a pandemic. As a result, businesses have begun to feel the effects. Supply chains have been disrupted, consumers are distracted, and equity markets are in steep decline. Since the start of the year the S&P 500 has plummeted more than 15%. In the opening remarks of the March 11th ... >> Read More        

The Fed can't stop the spread of COVID-19. But, it's doing what it can. In a shocking and aggressive move designed to boost consumer and business confidence, the Federal Reserve slashed interest rates by 50 basis points Tuesday morning, acknowledging economic risks from the fast-spreading coronavirus. This is the first emergency interest rate cut since the 2008 Global Financial Crisis and only the ninth emergency cut in history. Never before has the Fed responded to ... >> Read More        

There is an old market saying: Stocks take the stairs going up and take the elevator down. That was evident last week as the Dow Jones Industrial Average collapsed as much as 12.4%, falling into so-called correction territory (declines of 10% or more).  The eye-popping stock selling marked the worse week since the 2008 Global Financial Crisis. Apple and Microsoft lost a combined $300 billion. The coronavirus has now spread to 60 countries around the ... >> Read More        

Apple's (AAPL) unexpected warning to investors was bleak. The tech giant issued guidance last week that it won't meet its first quarter revenue goals because of the coronavirus. Gold surged to a 7-year high as investors around the globe began dumping stocks and buying precious metals as fears around the coronavirus economic impact, now known as COVID-19, spread further. While economists have warned about the potential economic disruption from the pandemic, Apple's stark warning was ... >> Read More        

Senator Bernie Sanders still has a long way to go before he'd get the green light to move into the White House. Yet, the recent Iowa Caucus, which appears to be a tie between Sanders and moderate Pete Buttigieg, reveals strong support for the Vermont Senator's progressive policies. The stock market continues to edge to new all-time highs and for now is shrugging off the Sanders surge. Are stock investors complacent about the potential risks ... >> Read More        

Investors woke up on Monday morning to stock markets sinking around the globe. Growing fears that the China coronavirus could slow global economic activity sent stocks tumbling. The fast-spreading pneumonia-like virus was first identified in China on December 31, 2019 and has now spread outside mainland China. As of January 27, a total of 2,700 confirmed cases are known inside China with 80 deaths. That number is rising every day. Currently, 5 cases are known ... >> Read More        

When we think about changes in the value of gold we often think about influences like economic policy, equity and bond performance, and recession fears. While these factors do influence gold prices, there is another unseen force at work. That force is central bank activity. A central bank is a financial entity that has the power to manufacture and distribute money across a nation. This is a powerful privilege. Central banks can control the money ... >> Read More