Precious Metal & Rare Coin Market News

When an individual can't pay the mortgage on their house, the bank takes possession of the home. When a person can't pay their car loan, the finance company repossesses the car. The U.S. government is racking up more and more debt every month, with a total of $22 trillion of debt owed today. Just like a person who doesn't pay off their credit card bill in full at the end of the month has to ... >> Read More        

"We make America great again by making America’s money great again," – Judy Shelton, President Trump's nominee to be a Federal Reserve governor. The quiet movement to return to the gold standard is getting louder. Six states passed laws recognizing gold and silver as currency since 2011. The Republican Party called for a commission to explore the viability of a return to the gold standard in both its 2012 and 2016 campaign platforms. The gold ... >> Read More        

From the outset it should be made clear that rare earth metals do not included gold and silver. Rare earth metals, now a focus of the simmering trade war with China, are in fact a group of 17 elements found on the periodic table. Moreover, they are not particularly rare especially in comparison to more commonly known metals like copper. The reason they carry “rare” in their name is because they are rarely found in ... >> Read More        

2018 went out with a bang. Gold climbed steadily throughout the fourth quarter ending the year at a six-month high as investors clamored for the safety and security of precious metals in today's increasingly turbulent environment. The U.S. stock market recorded its worst December since the Great Depression. Rising investor pessimism drove stocks sharply lower throughout the fourth quarter. America's trade war with China, President Trump's attacks on the Federal Reserve, cabinet level departures in ... >> Read More        

Palladium hit an all-time record high last week, as supply driven concerns propelled the price above the $1,100 an ounce level for the first time. Palladium is used widely in pollution control devices for gasoline powered cars and trucks. Used to manufacture catalytic converters in cars, global demand for palladium has soared amid growing auto sales around the world and a shift toward gasoline powered engines, away from diesel. Catalytic converters are built into the ... >> Read More        

The Federal Reserve raised interest rates three times in 2018. There could be more rate hikes on the way. Wondering how higher interest rates can impact your wallet? Here's the short answer. Savers win. Borrowers lose. Higher interest rates can affect Americans in a variety of ways, from simple bank savings and CD accounts to home mortgages and credit card interest rates. Here's what you need to know. Cash parked in savings accounts earns higher ... >> Read More        

It wasn't that long ago that Bitcoin traded above $19,000. Today it trades at $6,304. In the last three weeks, the price of Bitcoin fell 23%! Volatility remains high. Looking back, anyone who bought during that speculative buying frenzy that unfolded in November and December 2017 that rocketed Bitcoin to $19,343 on Dec. 16, 2017 is deeply underwater now on that trade now. Ouch. What happened? The bubble burst, as all bubbles do. History is ... >> Read More        

Are you hitting the road this Fourth of July holiday? Here's a tip. Leave early. And, expect to pay more at the pump. A record 46.9 million Americans are expected to travel 50 miles or more away from home over the Fourth of July holiday, AAA predicts. The Tuesday before the holiday is expected to be the busiest day on the road, with travel times in many U.S. cities twice as long as normal. Ouch ... >> Read More        

Understanding the correlation between oil and gold means understanding dollar-denominated assets. Any asset priced in US dollars is a dollar-denominated asset. Both oil and gold are dollar-denominated assets. Therefore, when the value of the US dollar rises, dollar-denominated assets often drop in price. Because both assets share this characteristic, the general ebb and flow of price fluctuations of gold and oil often occur in lockstep. This connection, however, is only part of the picture. As ... >> Read More        

Block chain Investors continue to contrast the merits of investing in gold versus bitcoin. Most fall on one side of the debate and argue that one is better than the other. However, a recent development in the world of blockchain - the technology underpinning bitcoin - has unexpectedly joined these two assets. Leaders in the gold and diamond market have teamed with IBM to harness the capabilities of blockchain. They intend to use the technology ... >> Read More