October 2024 - Week 5 Edition
If You Want to Sell Your Coins, It’s Best to Wait Until the New Year!
With gold and silver prices continuing to rise, some investors may be tempted to sell now, or in the coming holiday season to fund some gift shopping. A better solution would be to give gold and silver coins as gifts to family members but if you are planning to take profits on your coins, a better solution is to wait until the spring.
October 2024 - Week 4 Edition
What Caused This Big Surge in Gold and Silver – Starting in October 2023?
It’s not too late as I see gold moving beyond $3,000 an ounce in 2025 and silver moving higher than $40 per ounce. Additionally, I see our 20/20 strategic rare coin program continuing to rise, in many cases even faster than gold in 2025.
October 2024 - Week 3 Edition
The Future of Gold Is Still Shining
Global conflict, runaway inflation and soaring debt are taking a toll. Bank of America and Citi analysts and I all agree that gold will surpass $3,000 an ounce in 2025.
October 2024 - Week 2 Edition
Gold Exchange Standard Ended in 1971, Causing Gold to Soar
Since President Richard Nixon took America off the gold standard in 1971, gold has risen 76-fold, to $2,655 over the past 53 years, while CPI inflation is up just 7.7-fold. That means gold has risen at almost 10 times the pace of overall price inflation.
October 2024 - Week 1 Edition
Goldman Sachs Predicts $2,973 Gold in 2025
Three months ago, Citigroup predicted $3,000 gold in 2025. Now, Goldman Sachs has joined Citigroup by raising their price target on gold. Goldman announced on Monday, September 30, that it has raised its gold price forecast by $200 per ounce, from a previous $2,700 to $2,900 for early 2025 and to $2.973 for the full year.
September 2024 - Week 4 Edition
Federal FY 2024 Ends Monday – With $2 Trillion in Red Ink! Does Congress Care? Does Either Candidate Care? Do the Voters Care?
The United States has gained over $20 trillion of our total $35.4 trillion national debt in the past 16 fiscal years and nearly $11 trillion in red ink over the past five years. Imagine that!
September 2024 - Week 3 Edition
Gold Tops $2,600 and Silver Surpasses $31: What’s the New Story (If Any)?
Bank of America instructed investors to “do what central banks are doing ... buy gold,” just like we have been advising here for years. They also pointed out (as we did recently) that, “Gold is now the second-largest reserve asset (16.1% vs. 15.6% for the Euro) among all central bank reserves.”
September 2024 - Week 2 Edition
Gold Passes Euro As Second-Biggest Central Bank Holding - Behind Only the U.S. Dollar
For years, there was more total value held in euros than gold but since 2013, the total central bank holdings in euros have shrunk sharply and gold has now surpassed the euro as the number two holding by global central banks. This demonstrates that central banks have been voting for the world’s oldest and best currency, gold. As I have said for quite some time, if gold is good enough for countries around the world to invest in, you should be adding it to your portfolio on a regular basis, as well.
September 2024 - Week 1 Edition
August Market Review and Year-to-Date Metals Performance
By the end of August, most stock markets were modestly up, as if nothing had happened, but gold and silver were like “Old Man River.” Both just kept rolling along, surpassing all the stock market indexes, plus outperforming crude oil and the U.S. Dollar Index.
August 2024 - Week 4 Edition
Gold’s Continued Rise Keeps It A Solid Investment Buy
Gold reached another all-time high on Monday, August 26, trading above $2,520. Silver also rose popping back above $30 per ounce for the first time since July 17, as the U.S. dollar has fallen over 5% so far in July and August, boosting gold by nearly 10% in the last two months. In the futures market, the December 2024 gold contract rose $44 on Monday to trade at $2,552.70.
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