September 2022 - Week 2 Edition
Congressman Alex Mooney Looks into the Mint’s Chronic Silver Shortages and Delays
U.S. Mint sales of gold bullion coins declined in August but they were up for the year-to-date. By contrast, silver bullion coin sales continue to decline, year-over-year, due to the shortage of silver “blanks” for minting new coins.
September 2022 - Week 2 Edition
Congressman Alex Mooney Looks into the Mint’s Chronic Silver Shortages and Delays
U.S. Mint sales of gold bullion coins declined in August but they were up for the year-to-date. By contrast, silver bullion coin sales continue to decline, year-over-year, due to the shortage of silver “blanks” for minting new coins.
September 2022 - Week 2 Edition
Congressman Alex Mooney Looks into the Mint’s Chronic Silver Shortages and Delays
U.S. Mint sales of gold bullion coins declined in August but they were up for the year-to-date. By contrast, silver bullion coin sales continue to decline, year-over-year, due to the shortage of silver “blanks” for minting new coins.
August 2022 - Week 5 Edition
Inflated Dollar Keeping Gold Depressed Domestically
The main reason gold is staying low in U.S. dollars but gold is still up for the year in terms of many other currencies. The euro began 2022 at $1.1325 and gold cost 1,607 euros per ounce. Now, the euro has fallen under $1 and gold costs 1,742 euros per ounce, up 8.4% so far in 2022.
August 2022 - Week 4 Edition, Part 2
Report from the World’s Fair of Money in Chicago – And My Latest Book Award
I gave you a quick market summary earlier this week but now that gold has recovered somewhat and I’ve looked over my notes and photos, I’ve had chance to digest all the news from the annual World’s Fair of Money in Chicago.
August 2022 - Week 4 Edition
Gold is Behaving Like a Seesaw
Gold has been up and down this summer in a mirror image of the U.S. Dollar index (DXY).
August 2022 - Week 2 Edition
Deficits Threaten Chronic Depression If Not Addressed Soon
Our current debt-to-GDP level is now 130%, since our GDP is $23 trillion and our federal debt has reached $30 trillion (30 divided by 23 is 1.3, or 130%). The cost of servicing this $30 trillion in debt is crippling if we ever return to normal late 20th century historical interest rates of around 5%. That amounts to $1.5 trillion in interest costs per year (5% of $30 trillion), with debts rising each year.
August 2022 - Week 1 Edition
Coins Usually Hold Up Better Than Most Paper Investments
If you have specific needs or a wish list in mind, be sure to communicate those needs to your account representative so you can be first in line when these rarities become available. I am constantly searching for “Wish List” coins for you. From as far back as we can measure time, coins made of precious metals have held their value better than paper receipts for wealth.
July 2022 - Week 4 Edition
The Rare Coin Market Remains “Hot”
Whether gold bullion is declining, flat or rising, the rare coin market remains “hot” in our select sectors. Even while the dollar was soaring and gold was falling – from the end of May to mid-July – rare coins were extremely strong.
July 2022 - Week 3 Edition
The Dollar Beat all Other G-10 Currencies – with Gold Rising in 8 of 10 Top Currencies
Gold has risen in 8 of the 10 leading currencies through July 12 this year – all but the U.S. and Canadian dollars.
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