November 2021 - Week 1 Edition
U.S. Mint Continues to Meet Skyrocketing Gold & Silver Eagle Demand
Despite high premiums, occasional work stoppages and delivery delays at the U.S. Mint, the sales volume in Troy ounces for Gold and Silver American Eagle coins, once again, eclipsed last year’s totals. Despite nearly two years of COVID, October gold sales in both the American Gold Eagle series and the American Buffalo Gold Bullion Coin series are up about 1,200% over totals from 2019. Comparing October 2021 to October 2020 shows a 100% sales increase in the two-gold series from the U.S. Mint.
October 2021 - Week 4 Edition
Gold and Silver Poised For Big Gains
Gold is still above $1,800 on Monday afternoon and held steady all day. Last Friday’s afternoon London gold price fix was $1,808.25, up 3.8% so far, in October and rising from $1,742.80 at the end of September.
October 2021 - Week 3 Edition
New Iconic Morgan and Peace Dollars Celebrating 100th Anniversary
The 100th Anniversary of the Morgan dollar & Peace dollar transitional year of 1921 is being honored with newly minted legal tender issues of both series. These six new United States Mint 2021 coins are a beautiful rendition of the original designs using .999 fine silver, the same $1 face value and weight content, with an uncirculated finish. Graded by the Numismatic Guaranty Corporation (NGC) in perfect MS70 condition, these limited-number six-coin sets will sell out. Call now while these MS70 sets are still in stock. At our low price, they are going fast!
October 2021 - Week 3 Edition
New Iconic Morgan and Peace Dollars Celebrating 100th Anniversary
The 100th Anniversary of the Morgan dollar & Peace dollar transitional year of 1921 is being honored with newly minted legal tender issues of both series. These six new United States Mint 2021 coins are a beautiful rendition of the original designs using .999 fine silver, the same $1 face value and weight content, with an uncirculated finish. Graded by the Numismatic Guaranty Corporation (NGC) in perfect MS70 condition, these limited-number six-coin sets will sell out. Call now while these MS70 sets are still in stock. At our low price, they are going fast!
October 2021 - Week 2 Edition
Gold is Making Gains
Gold has traded in a narrow range above $1,750 but this week it moved up to $1,794, despite the rising U.S. Dollar. I believe Gold is awaiting a clear resolution of several financial developments, such as the two massive spending bills in Congress and the Fed’s decision to taper their quantitative easing (QE) and perhaps raise interest rates.
October 2021 - Week 1 Edition
Gold Trending Upward
Gold has been ratcheting its way higher over the past few days. First, last Thursday, September 30, gold shot up from $1,720 to $1,760 per ounce in four hours of morning trading before consolidating its gains over the weekend, slipping to $1,750.
September 2021 - Week 5 Edition
Rare Gold Coins Have Risen in 2021, Despite Gold’s Lackluster Performance
Despite gold’s weak performance in 2021, a leading dealer price guide reflects rising bids for selected rare gold coins between March and September of this year.
September 2021 - Week 5 Edition
Rare Gold Coins Have Risen in 2021, Despite Gold’s Lackluster Performance
Despite gold’s weak performance in 2021, a leading dealer price guide reflects rising bids for selected rare gold coins between March and September of this year.
September 2021 - Week 4 Edition
Bitcoin is Down $10,000 (-20%) in Two Weeks
Barron’s had an interesting cover article last weekend: “The Coming War Over Money.” The article also turned out to be prophetic. The magazine reached the news racks, mailboxes and websites Saturday morning, September 18, when Bitcoin traded for over $48,500. Twelve days earlier, the popular crypto-currency peaked at $52,656 on Labor Day, September 6. Now, Bitcoin trades around $41,200, over 20% off in two weeks.
September 2021 - Week 3 Edition
Inflation Continues to Soar – Gold Prices Will Follow in Time
Last Friday, the Labor Department announced that the Producer Price Index (PPI) surged another 0.7% in August, higher than the economists’ consensus estimate of a 0.6% increase. In the past 12 months, the PPI and core PPI have risen by 8.3% and 6.3%, respectively, the fastest pace in several years. The index for processed goods rose 1% in August and 23% year-over-year, the highest increase since February 1975.
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