February 2023 - Week 4 Edition
Huge Public and Private Debts are Accumulating Faster Every Quarter
According to the New York Federal Reserve Bank, in their Household Credit and Debt report, a fourth-quarter debt spending binge by the public pushed credit accounts to record highs in many categories. This will not end without a painful day (or year) of reckoning for taxpayers and consumers alike. With the dollar inflating at higher-than-expected rates, gold will likely take off in value once again. Now, is the time to call our professional account representatives to learn more about how you can invest wisely in gold.
February 2023 - Week 3 Edition
Traders React to Job Numbers Pushing Gold Down After Big Gains
With several “unidentified flying objects” being shot down over North America in the past week, and as we come up to the one-year anniversary of Russia’s invasion of Ukraine (February 24, 2022) we should be aware that imminent threats coming from Russia and China have not been “priced into” the downward risk in stocks or the upward potential in gold. Wise investors will be wary of the recently “overbought” level of most stock markets and the “underbought” levels of precious metals. I urge you to call your account representative today to learn about the best precious metal products currently available for your portfolio. You will be glad you did!
February 2023 - Week 2 Edition
The World Gold Council Reported an 11-Year High in Gold Demand
Gold demand rose 18% over 2021, reaching 4,741 metric tons (each ton amounts to 32,150 Troy ounces), not counting the active over-the-counter (OTC) trading markets. Central banks bought 1,136 (24%) of those tons, a 152% increase over 2021 when central banks bought only 450 tons of gold.
February 2023 - Week 1 Edition
U.S. Mint Bullion Coin Sales Continue to Decline Due to Production Challenges and High Premiums
The U.S. Mint continues to lag behind last year’s sales of the American Silver Eagle series due to past delays in production, delivery and high costs charged by their authorized purchasers.
January 2023 - Week 4 Edition
Gold Continues Strong Run Into 2023
Gold has now risen five weeks in a row and 11 out of 13 weeks since the week ending October 20, 2022.
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