Precious Metal & Rare Coin Market News

How Gold Ownership Helps You Control Risk

How Gold Ownership Helps You Control Risk

Gold, Investment, Market News |
Being a Navy SEAL and sniper taught me all about risk management. Take away all the risk variables under your control and reduce it to an acceptable level. – Brandon Webb There are many things you can't control in your life – the weather, the traffic, the economy, government policies to name a few. When it comes to investing there is a simple strategy you can control – one that can ultimately protect and grow ... >> Read More        
Gold and the Inflation Reduction Act

Gold and the Inflation Reduction Act

Gold, Market News |
Biden’s Inflation Reduction Act aims to promote clean energy solutions in the coming years. While the package is considerably smaller than the original $2.2 trillion Build Back Better Act it does represent the largest ever U.S. financial commitment to slowing global warming. The bill calls for a $400 billion investment over a period of 10 years. The spending consists of tax credits that incentivize consumers to purchase electric vehicles while encouraging electric utility companies to ... >> Read More        
The Bold Women Behind the Isabella Quarter

The Bold Women Behind the Isabella Quarter

Market News, Rare Coins |
The Isabella quarter is a rare instance of a commemorative coin that celebrates woman’s industry in a world that gave most recognition to men. The quarter, struck in 1893, was requested by the Board of Lady Managers of the World’s Columbian Exposition. The Exposition was a world’s fair hosted by Chicago in 1893. The event was a celebration of Columbus’ arrival in the new world in 1492. From the beginning, the coin was intended to ... >> Read More        
Peter Boockvar CNBC image

Economic Q&A with Peter Boockvar

By David Zanca, Senior Portfolio Manager In speaking with many of my clients over the last few months, I've been asked several questions about the state of the economy, the current and future prices of gold, and how you can best protect your wealth. As we all can see, there is a great deal of volatility and instability in the current market environment. Inflation is at a 40-year high, significantly impacting everything from mortgage rates ... >> Read More        
Central Bank Gold Purchases Climbs Third Month in a Row

Central Bank Gold Purchases Climbs Third Month in a Row

Gold, Market News |
In June, central banks around the globe bought a total of 59 tonnes of gold to add to their vaults. In June, there were no central bank sales as governments hung onto the gold they already own. June marked the third consecutive month in which central banks bought ever larger amounts of gold to add to their coffers. Why do central banks buy gold? The same reason that you do. Central banks buy gold for ... >> Read More        
The Fleeting History of the Fugio Cent

The Fleeting History of the Fugio Cent

Market News, Rare Coins |
No coin more perfectly represents the passage of time than the Fugio Cent. The coin, sometimes called the Franklin cent, is a work from Benjamin Franklin. An inscription on the obverse reads “fugio” which is Latin for “I flee,” referring to the common adage that time flies. This is a fitting sentiment for a coin that was minted for only one year in 1787. The same side shows a bright sun with rays shining down ... >> Read More        
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        
Do You Know Your Great-Great Grandmother's Name?

Do You Know Your Great-Great Grandmother’s Name?

Market News, Rare Coins |
Answer quickly: what are your great-great grandparent's names? If you don't know, you aren't alone. The reason I ask is that when you get to a certain age in life, some people begin to consider their legacy and how they will be remembered throughout the generations of your family that will come after you. We live in an era where time moves fast. In a few short decades, we've seen the introduction of the Internet, ... >> Read More        
It's the Dollar, Stupid

It’s the Dollar, Stupid

Gold, Market News |
The 1992 presidential campaign slogan, "It's the economy, stupid," reflected the Democratic contender's view that the Republican incumbent was out of touch with the economy. Bill Clinton ultimately did prevail against George H.W. Bush in that contest. Investors today may be wondering why gold isn't performing better – especially with inflation at 40-year highs and a potential recession looming on the horizon. With all due respect and no insult intended, we gently remind investors "It's ... >> 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