Precious Metal & Rare Coin Market News

Silver Climbs 68% since Mid-March Low Precious metals are on a tear this summer. Silver soared as high as $19.44 last week, and continues to climb today, cementing a 68% gain off the mid-March low. The rotation toward silver is evident in the precious metals arena, as silver has now outpaced recent gains in the S&P 500 and even gold. Investors are piling into silver as an alternative to Treasury bonds and even gold. Industrial ... >> Read More        

By Mark Ferguson Mark Ferguson is the editor and publisher of CAC Market Values. He has graded coins professionally for PCGS and served as the principal market analyst while managing updates for more than 65,000 price points for Coin World magazine. In other words, Mark knows his coins! Demand for investment-grade rare coins has surged since the coronavirus pandemic and economic crisis began six months ago; and this demand has been strong for CAC coins.  ... >> 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        

Gold Surges above $1,800 for First Time Since 2011 Gold traded above the $1,800 an ounce level last week for the first time since 2011. The summer gold rally is hot and getting hotter. As the economy continues to reopen, store clerks are reminding shoppers to put on their face masks. People are waiting for the next elevator. Hand sanitizer is available at almost every establishment you enter. Yet Texas, California and Florida continue to ... >> Read More        

We live in a historic period in which the US economy is experiencing a massive inflow of money. This tidal wave will have a meaningful impact on all investments, including gold. To understand why, one must first understand the M1 and M2 money supply. The M1 money supply is a measure of currency in an economy. This category includes physical currency, demand deposits, negotiable order of withdraw accounts, and travelers’ checks. These are forms of ... >> Read More        

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        

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        

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        

The days are getting longer. The sun is shining brighter. Flowers are blooming. Garden centers are reopening in many part of the country so people can begin their spring planting: seeds, tomato plants, annuals and more. Spring is a time of new beginnings. We as a country are still mired in a great deal of uncertainty, yet there is so much to be hopeful about. In the midst of the economic distress, tragic health issues ... >> Read More