Precious Metal & Rare Coin Market News

Looking back on 2020 – it was an unprecedented year in so many ways. Yet, in other ways, we saw recurring themes that we've seen throughout history. Black Swan Events Can Happen Anytime Rewind 12 month ago – back to early 2020 – the economy was strong and the stock market was climbing. Sure we'd heard about this virus in China – but we had no idea what kind of health, economic and financial carnage ... >> Read More        

Bitcoin climbed nearly 40% since the start of 2021 – breaking through the $40,000 mark. That was followed by a quick 10% slip the last two days, falling below the $32,000 level. This highlights the wild volatility of cryptocurrencies. The escalating, hyperbolic, surge in Bitcoin has all the markings of a FOMO rally. That's a term otherwise known as the " fear of missing out." Yes, FOMO is running on full steam.   Are you thinking ... >> Read More        

It took Congress three separate attempts – over a span of nearly 60 years – to approve the striking of a 2-cent coin. The First Attempt In the spring of 1806, Senator Uriah Tracy from Connecticut first introduced legislation to authorize the U.S. Mint to strike a two-cent coin. Not everyone liked the idea. Concerned about fraud, Mint Director Robert Patterson used his political might to stop the plan. To illustrate his concerns, Patterson sent ... >> Read More        

Many people forget how much of history is governed by chance. There is no better example of this than the circumstances leading up to the Louisiana Purchase. This enormous part of the U.S. passed through several owners before finally becoming a part of the nation’s identity. Originally, the 530-million-acre section of land was owned by France because of French explorers who originally laid claim to the area in the late 1600s. During this time, the ... >> Read More        

What do an NFL player's salary and paying for a hotel on Mars have in common? The unlikely answer is Bitcoin. Tech billionaire Elon Musk recently said any future economy on Mars could run on cryptocurrency. But wait…will that cryptocurrency be Bitcoin? No sir. In fact, Musk suggested it could be the cryptocurrencies Dogecoin or Marscoin. Many people don't realize how many digital currencies there are! As of January 2020, there are over 2,000 cryptocurrencies, ... >> Read More        

In the U.S.,  gold is a often a means of storing, and growing wealth. In 2020 gold served this purpose well as its value climbed more than 24%. However, many gold investors in the U.S. are unaware of the unique ways that gold boosts liquidity for consumers abroad. Gold ownership is common in Indian culture as it represents a level of economic status and often has cultural ties to special events, like marriage, in which ... >> Read More        

By David C. Zanca, Senior Portfolio Manager Winter follows fall, and summer follows spring. The seasons of nature act as a leading indicator for what comes next. After the leaves drop from the trees in September and October and the temperatures fall – winter follows. After months of snow and shorter days, warmer temperatures and longer days announce the arrival of spring. In the economic realm, employment and consumer spending are considered leading indicators. These ... >> Read More        

Recently, President-elect Joe Biden announced a plan to spend $2 trillion during his first term in an effort to accelerate the adoption of clean energy in sectors like transportation and building. The plan is a major step in the renewed initiative to lessen, or even eliminate global warming. The move is large enough to have ramifications across nearly every industry, including gold, because large scale mining operation require an enormous amount of electricity and fuel ... >> Read More        

Inflation is coming. Are you ready? Listen to what these three luminaries said about inflation: Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man. – former president Ronald Reagan In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. – former Federal Reserve Chairman Alan Greenspan Inflation is taxation ... >> Read More        

The 1853 Seated Liberty Quarter was part of U.S. currency that began in the mid-1830s and extended to the late 1890s. The obverse shows the Goddess of Liberty grasping a pole. On the top of the pole is a Phrygian cap. This detail was meant to convey freedom. The cap is recognized by a distinct fold in the top. Originally, the hat signified the Roman goddess of liberty. In time, this symbolism later appeared in ... >> Read More