Market News

David Beahm Blanchard CEO

Monday Morning Wrap Up – August 24, 2020

Ask an Expert, Gold, Investment |
Election politics take center stage. Only 70 days until the presidential election. The nation is hurtling towards one the most contentious and most significant presidential elections in decades. Indeed, the political conventions are now in full swing. And, thanks to Covid, the nominating conventions are virtual. Instead of in front of thousands of in-person delegates, Joe Biden officially accepted the Democratic presidential nomination in a virtual event last week. President Trump and the Republicans follow ... >> Read More        
Guess Who's Taking A Position In Gold Now?

Guess Who’s Taking A Position In Gold Now?

Gold, Investment |
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        
Three Factors Indicating the Future for Gold After Reaching an All-Time High

Three Factors Indicating the Future for Gold After Reaching an All-Time High

Gold |
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        
The Difference Between Wealth and Money

The Difference Between Wealth and Money

Investment |
Money is transitory. It is the only way to transact business/pay bills. From the beginning of time, this has always been the role of money. Wealth is different. Wealth is measured in real things. Property. It always has been and always will be. In the United States, wealth and money (dollars) have become intertwined over the past fifty years or so. This is a recent phenomenon and is only due to the dominance of the ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up – August 17, 2020

Ask an Expert, Gold, Investment |
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        
The Uniquely American Appeal of the $3 Indian Princess

The Uniquely American Appeal of the $3 Indian Princess

Rare Coins |
In 1854 the U.S. Mint's chief engraver, James B. Longacre, reached a milestone in his career. For the first time, he would choose the design for a piece of currency: in this case the three-dollar gold coin. Much of the currency up to that point favored designs that referenced the Romans and the Greeks. However, Longacre decided to go in a different direction. He wanted to choose something that was closer to the American identity ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up – August 10, 2020

Ask an Expert, Gold, Investment, Research |
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        
Could Covid Kill the Penny?

Could Covid Kill the Penny?

Research |
See a penny pick it up –and all day you'll have good luck! Remember that old rhyme? It could become a relic – along with the penny if some cost cutters get their way. The Covid-19 pandemic has created a nationwide coin shortage. Shoppers are relying on debit and credit cards to avoid touching cash, which can carry germs, but that's left parts of the nation short on spare change. Here's what the Federal Reserve ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up – August 3, 2020

Featured, Gold, Investment, Research |
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        
Goldman Sachs Warns Dollar Could Lose Reserve Status

Goldman Sachs Warns Dollar Could Lose Reserve Status

Featured, Gold, Investment, Research |
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