Precious Metal & Rare Coin Market News

Inflation rises

Gold or Rare Coins: Which Is the Best Hedge Against Inflation

Gold, Investment, Market News, Rare Coins |
Did you see the latest inflation news? The Labor Department just released its revised estimates of the November and December Consumer Price Index (CPI). What's that you may ask? Revised data is kind of like a "do-over" for government economists. Yet, often times these "revisions" don't capture the big splashy headlines or coverage on the evening news like the first release. Yet, it's important to pay attention. Why? "U.S. monthly consumer prices rose in December ... >> Read More        
1804 Silver Dollar

Five of the Most Interesting Rare U.S. Coins in the Smithsonian

Market News, Rare Coins |
The National Numismatic Collection at the Smithsonian Museum in Washington D.C. is the home to the rarest of the rare coins in the world. The treasured collection houses more than 1.6 million monetary objects in total and is considered the largest collection of money in the world. The coins are sourced from every inhabited continent on the globe and span more than three millennia. Today we highlight five of the most interesting U.S. rare coins ... >> Read More        
The Original Meme: Hard Times Tokens

The Original Meme: Hard Times Tokens

Market News, Rare Coins |
Desperate times call for desperate measures. And hard times call for Hard Times Tokens. Hard Times Tokens were copper tokens that were either one cent or half a cent in value. These pieces served as unofficial currency between 1833 and 1843. The coins were privately minted in response to an ongoing shortage of small changes in the US resulting from an economic depression. One major contributing factor to this setting was the decision from President ... >> Read More        
Gold bars

What the Debt Standoff Ceiling Means for Gold

Gold, Market News |
For the first time in 100 years, it took more than one round of voting in early January to select the Speaker of the House of Representatives. In fact, it took a historic 5-day, 15 rounds of voting for the members of the U.S. House to choose Representative Kevin McCarthy as their leader. What does this have to do with gold? Well, the early signs from the contentious inner workings of the U.S. House of ... >> Read More        
Federal Reserve Building

Gold Trades at 10-Month High After Fed Rate Hike

Gold, Investment, Market News |
Fed Hints Rate Hike Cycle Is Almost Over The Federal Reserve hiked interest rates by 0.25% on Wednesday in its ongoing battle to bring inflation down. The big change in today's Fed announcement was new forward guidance suggesting that they are near the end of the current Fed rate hiking cycle. Investors continued the recent rush into the safety of precious metals. Gold ticked higher after the Fed move, trading as high as $1,947 on ... >> Read More        
$4 Stella

Top 5 Rare Coins You Should Collect

Market News, Rare Coins |
If you are looking to expand your coin collection this year, this list contains some of the most sought-after coins for beginners and advanced numismatists alike. With an eye toward long-term investment value, if you seek to acquire the highest quality rare coin available that fits in your budget, you will never be disappointed. Here is our list of the top five rare coins you should collect. 1. 1909-S V.D.B. Lincoln Cent In 1907, President ... >> Read More        
Treasury Department

State of the Economy and Gold: Leading Economic Indicators Signal Recession

Gold, Market News |
As the economic data turns south, investors are rushing into gold and silver – favored safe-haven assets in an economic downturn. Gold charged out the starting gates in recent months, climbing at a dizzying pace. While gold vaulted a breathtaking 18.8% from its October 2022 low to the January high, silver is also showing a double digit increase – with a 21% gain over the past three months. Here's what we are seeing in the ... >> Read More        
gold bars

Key Takeaways from Latest World Gold Council Report

Gold, Market News |
Days ago, the World Gold Council released their latest Gold Market Commentary. Here, we distill their analysis to a few important takeaways that can help investors understand what has happened with gold and where it might be headed. Wham, Bam, Thank You GRAM The World Gold Council’s Gold Return Attribution Model (GRAM) is a function used to quantify how the various drivers of gold’s performance contribute to monthly price changes. The model also assesses how ... >> Read More        
Gold prices rising

Inflation Update: Gold Surges above $1,900

Gold, Market News |
The price of gold exploded higher last week, climbing to a fresh 9-month high above $1,900 an ounce. Gold is shining once again as investors believe that a minor drop in the headline inflation rate in December will slow the pace of Federal Reserve interest rate hikes, which is already boosting demand for the precious metal. Gold traded as high as $1,921.50 last week as investors are flocking to the precious metal following the release ... >> Read More        
How Oil Could Influence Gold Prices in 2023

How Oil Could Influence Gold Prices in 2023

Gold, Market News |
Oil prices have a meaningful influence on gold prices. Understanding why means first examining how dollar-denominated assets work. A dollar-denominated asset is any asset priced in US dollars. Gold is an example of a dollar-denominated asset as well as oil. This means that a rise in the value of the dollar is likely to drive down the price of those assets. The rise and fall of gold and oil prices often occurs in tandem because ... >> Read More