Precious Metal & Rare Coin Market News

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        
Is a Recession Just Around the Corner?

Is a Recession Just Around the Corner?

Gold, Investment, Market News |
The Federal Reserve raised its key interest rate by half a percentage point on Wednesday - the biggest rate increase in 22 years - as the central bank battles against runaway inflation in the U.S. The Fed bumped up the Fed Funds rate by half a percentage point to 0.75% and 1% and also announced a reduction in its balance sheet by $95 billion. Gold climbed following the Fed's announcement this afternoon, trading at $1,899 ... >> Read More        
When Diversification Disappears

When Diversification Disappears

Gold, Investment, Market News |
Diversification is the first rule investors learn. Spread your investment across a greater number of assets to avoid overexposure to risk in one area. The concept is simple and intuitive. It is also becoming more difficult to follow. Assets become more correlated as the economy becomes more globalized. This increasing globalization is more apparent than ever as sanctions against Russia take hold. In response, European countries are struggling to find energy alternatives. Simultaneously, countries are ... >> Read More        
Biden's Billionaire Tax Aimed at More than Just Billionaires

Biden’s Billionaire Tax Aimed at More than Just Billionaires

Gold, Investment, Market News |
If you are a successful entrepreneur, small business owner or a high net worth individual who has accumulated wealth through your innovation, hard work and smart investing, the government is coming for you. The Biden administration rolled out a major tax reform proposal last week called the "Billionaire Minimum Income Tax." This aggressive proposal would result in a huge tax hit on America's high-net worth households if enacted, and it's not just the billionaires who ... >> Read More