December 2022 - Week 2 Edition
Denmark’s Saxo Bank Analyst Ole Hansen Sees $3,000 to $4,000 Gold in 2023
We haven’t seen a bold gold prediction from a leading global bank in a long time but last week Ole Hansen, the respected commodity strategist at Denmark’s Saxo Bank, says it’s possible for gold to climb as high as $4,000 next year. He cites his reasons being global inflation – despite rising interest rates – on top of a “war economy mentality,” rising deficit spending and a possible global recession in 2023.
December 2022 - Week 1 Edition
Silver Shines Brightly
Gold topped $1,800 Friday and stayed there over the weekend for the first time since last July but it could not hold on to those gains Monday morning. Silver, however, had stronger percentage gains and held those gains, trading above $22 per ounce for the first time in six months. Silver has risen nearly 25% on the London Fixing, from $18.43 on October 19 to $22.99 on December 5. In the same time, gold rose 9%. Our professional account representatives are here to assist you in getting the best precious metals options available.
November 2022 - Week 5 Edition
Gold Enjoyed a Superb November
Gold has enjoyed a superb November. We’re not quite through with the month, but gold is up over 7% in the first four weeks of November. The final closing London gold fix on October 31 was $1,639, and the November 28 opening quote was $1,763, up 7.57%.
November 2022 - Week 4 Edition
The History Surrounding Thanksgiving Day & Sarah Hale May be Different than You Think
As we celebrate Thanksgiving with our friends and family this week, I wanted to share a couple of stories of how the traditional holiday began more from fable than fact as Pilgrims didn’t wear big hats and clunky shoes.
November 2022 - Week 3 Edition
Tour One of the Four Operating Mints – or Historic Mints, or the BEP
When I was growing up collecting coins, there were only three operating Mints and two mint marks. There was no “P” for the Philadelphia Mint, since it was the original Mint and “didn’t need no stinkin’ badge” to proclaim its supremacy. So, we were on the lookout for a “D” mark for the Denver Mint or “S” for the San Francisco Mint, since the New Orleans Mint closed in 1909, and the West Point Mint hadn’t opened. As time permits, we want to take you on a virtual written tour of operating mints, one at a time, starting next week.
November 2022 - Week 2 Edition
World Gold Council Cites Strong Third-Quarter Demand (+28%) vs. Flat (+1%) Supply Growth
According to the latest World Gold Council quarterly report, released last week, central banks bought a record of nearly 400 metric tons of gold last quarter, bringing total central bank gold buying for 2022 (through three quarters) to the highest level since 1967, when the dollar was still backed by gold.
October 2022 - Week 4 Edition
Elections Are Six Days Away – and the Betting Line is Expanding for a Republican Sweep
Those who place bets on political outcomes have no bias for either party – they just want to make money. The real-money polls in recent years have been far closer to the actual outcome than the public polls.
October 2022 - Week 4 Edition
London Bullion Market Association (LBMA) Sees 10% Higher Gold & 50% Higher Silver Prices in 2023
The London Bullion Market Association held its annual conference in Lisbon, Portugal this month, and members were polled for their outlook on precious metals. These are the world’s leading gold miners, refiners and bullion traders from the largest bullion firms in the world. Despite gold’s decline in dollar terms this year, members predicted gold rising an average 10% over the next year and silver rising by over 50%.
October 2022 - Week 4 Edition
London Bullion Market Association (LBMA) Sees 10% Higher Gold & 50% Higher Silver Prices in 2023
The London Bullion Market Association held its annual conference in Lisbon, Portugal this month, and members were polled for their outlook on precious metals. These are the world’s leading gold miners, refiners and bullion traders from the largest bullion firms in the world. Despite gold’s decline in dollar terms this year, members predicted gold rising an average 10% over the next year and silver rising by over 50%.
October 2022 - Week 3 Edition
Gold’s Return Just a Matter of Time
Gold rose to $1,674 early Monday on a weaker dollar, then settled back to $1,665. Silver rose more, up 2%, from $18.32 to $18.70. The U.S. Dollar Index fell 1%, from over 113 on Friday to just under 112 on Monday, due to soaring interest rates in Europe, giving the dollar no real competitive advantage on returns.
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