Precious Metal & Rare Coin Market News

Close up U.S. dollar currency

The U.S. Dollar Is Only 51 Years Old: Could It Go to Zero?

Gold, Investment, Market News |
Earlier this year, legendary billionaire investor Charlie Munger – Warren Buffet's right hand man – predicted the value of the fiat U.S. dollar would crash to zero within a century. Could this happen? Consider this. President Nixon severed the U.S. dollar's convertibility to gold in 1971. That means the U.S. dollar in its current fiat form is only 51 years old. It was around 550 BC that societies around the globe first used gold as ... >> Read More        
Gold and The Golden Years

Gold and The Golden Years

Gold, Investment, Market News |
Retirement, like a mirage on the horizon, is an oasis many will never drink from. More Americans are learning that retirement is less feasible than they thought. There are many causes of this evaporating dream. Consider that wages have stagnated for over thirty years. This is likely due, in part, to the fact that almost half of Americans of working age (18-64) earn a median annual wage of less than $20,000 according to research compiled ... >> Read More        
How Gold Ownership Helps You Control Risk

How Gold Ownership Helps You Control Risk

Gold, Investment, Market News |
Being a Navy SEAL and sniper taught me all about risk management. Take away all the risk variables under your control and reduce it to an acceptable level. – Brandon Webb There are many things you can't control in your life – the weather, the traffic, the economy, government policies to name a few. When it comes to investing there is a simple strategy you can control – one that can ultimately protect and grow ... >> Read More        
Gold Rises After Fed Rate Hike as Inflation Sizzles at 40-year High

Gold Rises After Fed Rate Hike as Inflation Sizzles at 40-year High

Investment, Market News |
The Federal Reserve hiked interest rates by .75 basis points Wednesday afternoon, pushing the Fed fund rate to 2.25-2.50%. This marks the fourth-rate hike by the central bank this year. Yet, as CPI inflation ratcheted to another fresh 40-year high at 9.1% in June, it is evident that the Fed is losing its battle in the fight against inflation. Spot gold climbed after the Fed announcement, recently changing hands at $1,737 per ounce. Gold has been ... >> Read More        
Three Reasons the U.S. Mint Produced This Odd Denomination

Three Reasons the U.S. Mint Produced This Odd Denomination

Investment, Market News, Rare Coins |
Three-cent pieces were first produced in silver in 1851 to help smooth the simple act of buying a postage stamp, which cost three cents at the time. The odd denomination was also seen as a solution for merchants to easily make change for some of the foreign coins that were still legal tender in our country. Then, the Civil war broke out. The war impacted nearly every aspect of American life during its tumultuous years, ... >> Read More        
Will the Fed Be Humble and Nimble When It Comes to Recession?

Will the Fed Be Humble and Nimble When It Comes to Recession?

Gold, Investment, Market News |
The Federal Reserve launched onto center stage this year when it delivered its biggest interest rate hike in decades to combat surging inflation. While U.S. interest rates are rising now, the central bank kept interest rates at zero percent coming out of the Covid crisis. In fact, while inflation climbed steadily higher in late 2021 into early 2022 – and you were paying more for everything from gas to groceries – the Fed sat on ... >> Read More        
micro-photo: detail of a chinese gold-panda-coin

Gold Loves Bad News

Gold, Investment, Market News |
Unfortunately, many investors today see plenty of bad news no matter where they look. Consequently, more people are considering how an investment in gold can buoy their portfolio. For this reason, it is important to understand the nature of gold during periods of economic uncertainty. Research published in the Journal of Banking & Finance offers some answers. The researchers explored a 30-year period spanning 1979 to 2009. Their findings reveal one simple truth: “gold loves ... >> Read More        
Gold Delivers on Its Enduring Status as a Safe-Haven

Gold Delivers on Its Enduring Status as a Safe-Haven

Gold, Investment, Market News |
Using a baseball analogy, 2022 threw Americans a lot of curve balls that no one was expecting. We've seen gasoline rocket above $6 a gallon, mortgage rates soar from 3% last year to 6% today and the stock market tumble over 20%. Everyday goods simply cost more with inflation at a 40-year high. The cryptocurrency market collapsed – with Bitcoin falling from over $67,000 in late 2021 to just over $17,000 last week. Amidst the ... >> Read More        
Several bitcoin coins with laptop keyboard background

Investors Relearn the Meaning of “Hedge”

Gold, Investment, Market News |
Crypto was supposed to be a hedge against uncertainty, inflation, and bear markets. However, in 2022 alone, Bitcoin has lost more than half of it’s value. Does cryptocurrency have the staying power of an investment class? These losses are not restricted to Bitcoin. Solana, Etherium and Litecoin have all experienced massive drops year to date. This fall in value across cryptocurrencies has been sobering for investors who long believed blockchain technology would deliver stability and ... >> Read More        
Silver Demand Forecast to Increase Five Percent in 2022

Silver Demand Forecast to Increase Five Percent in 2022

Investment, Market News |
Silver, sometimes known as the poor cousin to gold, due to its lower price per ounce – flexes its muscles mightily for those who choose to invest in it. While silver is a precious, monetary metal that has served as currency for thousands of years, it is also widely used industrial metal powerhouse. In fact, industrial demand for silver – for use in manufacturing and electronics, accounts for roughly half of all demand for this ... >> Read More