Jerome Powell suggests it’s time to stop describing inflation as ‘transitory’ So now we know...Inflation isn’t going anywhere — but prices certainly are. The latest Consumer Price Index for October recorded a 6.2 percent increase. It’s the largest increase in over 30 years and far outpaced economists’ expectations of a 5.9 percent spike. October’s data represents months of faster …
Before the morning sun painted my Texas sky with an artistic hue of orange and yellow, I began the daily jaunt through my favorite sources of information and written opinions. I have a cache of writers and news sources I respect and trust to have the insight necessary to prepare for the coming barrage of …
The Fed cannot print gold , unlike every other asset. Bank of America has caught up with where we have been for the past few years. “As central banks and governments double their balance sheets and fiscal deficits, we up our 18 month target from $2000 to $3000/oz” We believe it’s clear now that even Wall …
A 1933 Double Eagle, America’s last gold coin struck for circulation, sold for a record-shattering $18.9m at auction in New York this month. The only 1933 Double Eagle ever allowed to be privately owned, was expected to pull in somewhere along the lines of $10m to $15m at the auction but sold for far beyond that. …
In our last update, we reported news of serval classic United Statesrarities trading in excess of the million dollars mark. Five of them from2-9 million. Very impressive to say the least. Although even moreremarkable; the buyer was a newb – He had never acquired a singlerare coin prior!This is a dead giveaway that the high-end …
The market is in a new never before seen state change. The pandemic has all but ended major coin shows. There has not been a major show in over a year. This is a huge change in the way we buy coins for our customers. Auction houses have taken the spotlight in placing important rarities …
Happy New Years! Since Covid-19 came on the scene in the US, the price of gold has skyrocketed to almost $2,000 per ounce. The US dollar has fallen 9% since March, leading to a run on gold by those concerned about the future of the greenback. Since February, the nation has seen a $3 trillion …
Mitch McConnell said Wednesday that “we need another rescue package,” and that he hopes one can be done “before the end of the year. The democrats want a $2 trillion to $3 trillion stimulus package. Any McConnell-approved plan would be less than what a Democratic-led Senate would endorse, but markets still expect it to be significant. This is …
Join us in recognizing the work of U.S. Mint Medallic Artist Michael Gaudioso. A graduate of The University of the Arts and New York Academy of Art, Michael executed the sculpts required to produce numerous coins & medals including the reverse of the 2021 American Eagle Silver Coin . Watch for the pre-release coming soon from American Rare Coin.
When inflation rises, the value of currency goes down and people tend to hold money in the form of gold. In times when inflation remains high over a longer period, gold becomes a tool to hedge against inflationary conditions. This pushes gold prices higher in the inflationary period. Do we have, or expect to have, …
We have seen some unprecedented events around the globe over the past few weeks. Including “lock down” of 75 million United States citizens. Italy says Army will help enforce lockdown, effectively declaring martial law; might extend lockdown through early May. US, Mexico agree to shut southern border. These are just a few headlines that are …
Bullion coins Gold, Silver, & Platinum Bullion coins come in several sizes. They range from less than a tenth of an ounce to whole ounces. These coins are normally legal tender with a face value. The face value is largely symbolic. Bullion coins are almost always valued higher than their face value or denomination. Example: …
