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 increase on the Federal Reserve’s balance sheet, raising alarm bells for impending inflation as the economy opens up. With no viable solution in sight, demand for gold will continue to rise, boosting value and making it a portfolio necessity in 2021.
Biden’s win, combined with a possible divided government, is likely to create uncertainty around the size of future fiscal stimulus measures and a boon to safe haven assets like gold. Investors should consider real gold assets given the Federal Reserve balance sheet expansion and understated inflation, says Frank Holmes, chief executive officer of U.S. Global Investors. These are among the reasons why Holmes believes gold will eclipse $4,000 per ounce by 2023.
This brings us to what may be the best value in the gold coin market today. Pre 1933 $20 gold double eagles. These heavy 1 ounce coins have almost NO PREMIUM compared to their younger cousins (like Gold American Eagles or Canada Maple Leafs)
Acquiring these Pre 1933 $20 double eagles now can really pay off, maybe in the not so distant future.
It makes good sense to salt away 10 or 20 of these old $20 gold pieces. Do it today before premiums rise.
For a quantity of more than 20 coins, please contact Trey Cox directly at 866.789.2646
Special arrangements available for larger orders.
