Precious Metal & Rare Coin Market News

Few realize the value of gold in the public health sector. Too often gold is considered a store of wealth, a part of the jewelry industry, or a component in electronics. The purpose of gold in medical solutions goes unnoticed. Slowly, the COVID crisis is revealing just how important gold is for keeping countries healthy. The link between gold and global health is found within the UN Sustainable Development Goals (SDG 3). This initiative was ... >> Read More        

Gold traded higher Wednesday afternoon after the Federal Reserve kept its easy money policies intact. At the conclusion of its two-day policy meeting, the Fed kept its official interest rate at the rock bottom range from zero to 0.25% and did not signal a "tapering" of its monthly $120 billion  bond purchases that the Fed began last year to stimulate the economy. Gold traded up $9.30 at $1,783.40 an ounce after the Fed meeting today ... >> Read More        

You've probably heard that U.S. inflation levels remain elevated. In August, the Consumer Price Index climbed 5.3% on a year-over-year basis. While inflation in 2021 can be blamed on a variety of factors like supply chain bottlenecks and pent-up consumer demand to expansive Federal Reserve monetary policy, new research from Deutsche Bank highlights another simple reason. The U.S. dollar is a fiat currency – which means it isn't backed by a commodity like gold. Throughout ... >> Read More        

The Delta variant has taught us – for the second time – just how fast the future can change. What was supposed to be a continued recovery reversed in mere months. Today, the outlook for the globe is dimming. Originally the threat presented by COVID was clear: social distancing and illness meant that economic activity fell dramatically. Nearly two years later the picture has changed. The threats are more numerous and more complex. Consider the ... >> Read More        

Despite rising inflation, gold has traded in a choppy and corrective manner recently. Some gold investors may be wondering if gold still offers the same level of portfolio protection as it has in recent years. While gold is down about 6% year-to-date and silver is down about 10%, that comes on the heels of a 22% gold gain in 2020 and a 44% silver gain last year. Investors may not realize that gold has delivered ... >> Read More        

Palantir Technologies is a big data analytics company that serves some of the most powerful organizations in the world. One of the three main segments of the company, Palantir Gotham, is a counter-terrorism tool and has a client list including the CIA, NSA, West Point, and Special Operations Command. It is no surprise that the company wants to become “the default operating system across the U.S. government.” These relationships put them in an elite class ... >> Read More        

Gold's price retreat this month offers long-term investors an opportunity "to buy on the dip." Yet, you may be wondering what could be the trigger for the next swing higher in gold prices. Wells Fargo Investment Institute analysts addressed that very question in an August 9 research note to clients. Here's what they said: "We suspect gold will soon resume a leadership position." What could send gold prices higher again? Chinese and Indian gold buying, ... >> Read More        

The biggest surprises always come in the third act. Covid is no exception. The Delta variant continues to cause a surge of infections and deaths as 30% of those in the US still remain unvaccinated. As Dr. Anthony Fauci put it, “things are going to get worse.” As the seven-day average of new daily cases rises businesses and investors are tempering their outlook. Previously the U.S. was experiencing approximately 10,000 cases a day. By early ... >> Read More        

On Monday, the Dow Jones Industrial Average plunged 1.72%, marking its biggest one-day drop since October. While the market bounced back Tuesday, stock market breadth has been declining, which is a warning signal that a correction may be near. Wall Street defines a stock market "pullback" as a retreat of 5-10% and is a short-term dip. A "correction" phase is more serious and is defined as a 10-20% retreat from the recent high and can ... >> Read More        

A 2021 Central Bank Gold Reserves survey concluded that 21% of central banks plan to increase their gold reserves over the next 12 months. The question is why. The one-word answer: uncertainty. The same body of research found that 84% of the respondents cited uncertainty arising from the post-COVID recovery as a major influence over their decision to bolster their gold holdings. Interestingly, 52% of the survey participants indicated that they think global central banks ... >> Read More