The Gold 1911 Indian Quarter Eagle Gold Coin Is A Solid Buy

My recommended “Coin of the Week” is the gold 1911 $2½ Indian quarter eagle graded in MS63 condition by the Professional Coin Grading Service (PCGS), the Numismatic Guaranty Company (NGC) or the Certified Acceptance Corp. (CAC) – the Top 3 grading services in the industry.

These Indian gold coins are extremely sought after and we have them in stock, waiting for you to add them to your collection.

I literally wrote the book on these coins – Indian Gold Coins of the 20^th Century – which won the award for Investment Book of the Year from the Numismatic Literary Guild (NLG) and we are happy to include one with your purchase. Did you know The National Numismatic Collection, housed at the Smithsonian’s National Museum of American History, contains a 1911 quarter eagle gold coin and it is also graded in MS63 condition? If you would like to have a rare gold coin that is in the same condition as the one at the Smithsonian, this is your chance. I have been working to accumulate a handful of these coins for our clients, so give our professional account representatives a call to get yours or inquire about higher grades or other coins you might need for your collection.

When considering a collection of the $2½ Indian gold coins, the 1911 $2½ in MS63 condition is a good place to start because it is an exceptional coin when you consider its population, price and popularity along with our “secret sauce” capitalization formula. These coins have also performed well in the collectors’ market, increasing in value substantially over the past six years … and the best part is they are still trading at a fraction of the price of their all-time highs!

Be sure you don’t miss your opportunity to acquire one of these amazing coins. This is an amazing opportunity to own a coin that matches or exceeds what America has in its Smithsonian coin collection.

The “Real” FY26 Budget Deficit Topped $2.6 trillion – Worst Deficit since 2020 and COVID

We won’t know the official Fiscal Year 2026 deficit totals until next week, in our monthly report on the debt and inflation figures, but we can calculate the real deficit by comparing the national debt totals by the end of each fiscal year. By that calculation, the 2026 deficit totaled over $2.6 trillion. As it turns out, the total federal debt doubled in the last decade, from under $20 trillion in 2016 to $40+ trillion in 2026.

The first thing to notice from this list is the low level of deficit growth during the first three years of President Trump’s first term, 2017-2019. Ignoring the pandemic year – an external disaster that can’t be blamed on any president except China’s Xi Jinping – Trump’s average deficit for 2017-19 was $1.05 trillion. By comparison, deficits in the first three full Biden years averaged more than twice that, at $2.34 trillion. The current (2026) $2.62 trillion deficit is largely due to increased defense spending for the war in Iran, plus higher interest costs on the federal debt, and relentlessly rising entitlement costs.

Very few politicians of either major party want to address runaway federal spending. The current #1 best-selling book about the federal government is “The Blockers” by Michael Lewis, a book in which he profiles six “heroic” federal employees who blocked Elon Musk’s auditors from the new Department of Government Efficiency (DOGE), which tried to cut federal spending, fraud, abuse and duplication – an effort that earned Musk widespread attacks on Tesla cars and billions in losses to his company’s stock.

Since cost-cutting has gone out of style, we will likely continue to see $2 trillion or more in budget deficits each year, now being financed at the highest interest rates since 2002, a formula for a failing U.S. dollar, as the U.S. deficit now tops 6% of annual GDP, twice the rate of the spendthrift European Union.

Analysts at The Annual LBMA Global Metals Conference Predict $5,000 Gold and $95 Silver

To date, the press keeps citing its mistaken belief that “gold offers no interest income, therefore gold’s value will decline as interest rates rise.” That consensus was challenged at this week’s meeting of the London Bullion Market Association’s Global Precious Metals Conference, held in Italy, October 4-6.

These experts are finally recognizing the clear record of history, since our federal budget deficits and interest rates are rising sharply together, while gold holds firm over $4,000 per ounce. Gold remains strong, even though interest rates are approaching 5.3% – a 25-year high last set in April 2002 – when gold traded for barely $300 per ounce and seemed to be in long-term hibernation after peaking in 1980.

As it turned out, the Fed started raising its short-term Fed Funds rate in mid-2004, in an effort to match the high long-term rates. The Fed raised short-term rates from 1% to 5.25% in 17 straight meetings from mid-2004 to mid-2006. During that time, gold rose from $394 to $613 on the road to $1,907 in 2011.

The only other time gold rose sixfold or more was from 1976 to 1980, when interest rates topped 20%, so all these assumptions about gold not being able to rise when long-term interest rates are rising are bogus.

The LBMA’s gathering of gold analysts and fund managers this week commented extensively about gold’s resilience during a time of rising global bond yields as a sign of the “debasement” trade. Vikram Dhawan, head of commodities and fund manager at Nippon India, said the “debasement” argument stems from increasingly unsustainable debts. Dhawan said global debt has continued to rise by trillions of dollars each year, leaving governments with limited options other than monetary debasement (inflation).

“I see visibility of higher fiscal debt, but I don’t see a visibility of any fiscal discipline,” Dhawan said.

Shayne McGuire, Portfolio Manager at the Teacher Retirement System of Texas, agreed: “I think right now people are really focusing on that, the fact that the value of money is going to decline as concerns about this debt rise.” Under normal circumstances, they say, the sharp rise in global yields should have been devastating for gold. Instead, gold has solid support above $4,000, despite bond yields over 5%. McGuire said, “Regardless of political party…there’s really been no attention to one of the key drivers of gold, which is the debt and deficit.” Dhawan agreed: “Gold is sending us a message that maybe the global debt is reaching an inflection point where the supply of paper may probably overwhelm the demand.”

Central banks continue to increase their monthly gold buying, as gold’s share of global central-bank reserves has risen sharply, from around 14% in 2023 to almost 25%, and now global investors are doing the same. Dhawan said this could create a more persistent disconnect between gold and bond yields. McGuire said growing challenges in the bond market could eventually push gold deeper into institutional portfolios, saying, “Even though gold has no yield, it has appreciated and gained versus many bonds.”

Chinese investors are leading this gold-buying surge, said Wei Yan, macro portfolio manager at Dymon Asia, since they have fewer alternatives, with Chinese real estate and stocks struggling.  “They just keep buying the dip,” Yan said – the same strategy we have advocated for U.S. investors!

In their annual poll of predicted gold prices, the LBMA delegates see gold prices rising to over $5,000 a year from now ($5,013.30, on average), a 22% gain from current prices near $4,100. Last year at this time, they predicted $4,980, a price gold reached within three months, in January, before retreating. In this year’s survey, 65% of respondents said “diversification” is the primary reason for holding gold, and most cited the “debasement trade,” a response to budget deficits, as a major motivation for diversification.

The LBMA delegates were even more bullish on silver, forecasting prices rising to nearly $95 ($94.70) in the next 12 months, a gain of 54% from $61.23 an ounce when the poll was conducted. Last year, the LBMA forecast for silver was $59.10, and silver surged to $121 – a short-lived peak in January – before retreating to $60 recently. They cite relentless new industrial demand for silver’s strength.

For gold, delegates see high demand from central banks and rising government debt driving the price higher.

Precious metals remain in a base-building pattern with silver holding above $60 (on a closing basis in the futures market) since August 4th but it did dip below that support on Wednesday’s close (October 7). Now, we need to see if silver can hold above $60 by week’s end to confirm its technical floor around $60. On Friday, Oct. 9, it opened at $60.46 per ounce. Meanwhile, gold has remained above $4,000 since July 16 – nearly three months. It opened up by over $51 on Friday and was $4,184 at 7:30 a.m. CST.