December 2024 - Week 1 Edition
Our Monthly Review of the Metals and the Markets - November was a “Trump Slump” for Metals But They Still Beat Stocks
2024 could turn out to be the best year for gold since the 1970s in terms of some other currencies, but gold must gain 5% or more during December to beat three other years in the 21st Century to become gold’s best year since 1979.
November 2024 - Week 4 Edition
Iowa Senator Agrees with Me on Pennies
Iowa Senator Joni Ernst included the idea – which I wrote about in 2013 – as one of her Top 10 ideas in a letter to Musk and Ramaswamy last week, stating on X, “Bad Pennies: Currently, the federal government is paying 3 cents to produce a penny and 11 cents to make a nickel. That makes no sense! Only Washington could lose money making money. Changing the composition of coins would save $50 million a year.”
November 2024 - Week 3 Edition
A “Reversion to the Norm” in Gold and Stocks – Two Weeks After the Election
Imagine that two investors went “all in” on two investments in reaction to the Republican sweep of the White House and Senate on Wednesday, November 6th, when the results of the election were first made clear and markets opened. Investor #1 bought gold and investor #2 bought stocks. After one week, the stock investor was up and the gold investor was licking his wounds but what about the second week?
November 2024 - Week 2 Edition
How Gold Performs During a Republican “Sweep” in Washington
We still see rising gold and silver prices ahead, with predictions of gold hitting $3,000 per ounce by the end of the next year.
November 2024 - Week 1 Edition
We Should See $3,000 Gold in 2025 and Silver Well Over $40!
Due to the chronic difficulty of cutting spending, lowering the federal debt, containing inflation and achieving less global turmoil, despite the apparent clean sweep by Republicans in 2024.
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.
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