By Blanchard and Company, Inc …… The rising price of oil is a concern for many Americans. The average price of a gallon of gasoline reached an all-time high just weeks ago. Oil is becoming more expensive for three reasons: Demand is rising as the economy continues to return to normal as the country learns […]
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Pandemic triggered new rising price cycle in tangible assets By Blanchard and Company, Inc …… While Bitcoin plunged 48% over the past four months, the numismatic market remains strong at the start of 2022 – extending its incredible run over the past two years. The start of the current boom in rare coin prices […]
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By Everett Millman – Gainesville Coins …… If you haven’t noticed, Venezuela is in absolute turmoil. The growing calamity has economic, political, and humanitarian dimensions that are beginning to spread across South America. Aside from a growing refugee crisis and shortages of food and medicine, the country is dealing with political upheaval and runaway inflation. Its […]
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Commentary for Friday, November 30, 2018 (www.golddealer.com) By Richard Schwary of California Numismatic Investments Inc …… Gold closed down $3.90 at $1,220.20 today. Still not much happening if you consider that gold closed Monday at $1,229.80. The best aspect, as far as the gold community is concerned is simple and positive. For now the FOMC […]
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By Everett Millman – Gainesville Coins on gold price ……. Precious metals were mixed on Monday, but both gold and silver dipped due to a strong dollar. The gold price was down 0.25% (-$3) to $1,312/oz at the opening bell. Spot silver slipped 8¢ (-0.5%) to $16.42/oz. However, platinum (+0.3%) and palladium (+1.1%) each traded higher […]
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By Everett Millman – Gainesville Coins on gold price ……. The gold price was down again to $1,306/oz on Tuesday, sliding 0.6% (-$8). A stronger U.S. dollar provided most of the downward pressure on the precious metals. Spot silver opened off about 0.5% (-9¢) to $16.21/oz. Platinum lost $8 per ounce (-0.9%) to slip below $900/oz. […]
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Gold is anticipated to reach $1,460 or potentially more, silver about $20 and platinum at about $1,150 by the end of the year, according to an informal survey conducted between January 16-24, 2018 of some of the country’s leading precious metals retail dealers, according to the nonprofit Professional Numismatists Guild (PNG). Members of the Guild’s […]
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By Coinweek …. CoinWeek News Wire for December 8, 2017 Current Events 1.) BEP Damaged Currency Redemption With the wildfires raging in California, it’s important to remember that the Bureau of Engraving and Printing (BEP) offers a redemption program for burned, mutilated or otherwise damaged currency. Follow this link to learn more. 2.) Zimbabwe not […]
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Commentary for Tuesday, May 16, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $6.40 at $1,236.40 today. The gold market continues to attract minor attention – I say minor because most investors are still looking at stocks as investor “fear” has exited the theater. This is […]
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Commentary for Monday, May 1, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $12.80 at $1,255.50 in another defensive round. It actually opened rather flat which has been the case lately – pitched higher and then reversed itself testing the $1,254.00 level before catching much of […]
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Commentary for Friday, April 21, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $5.30 at $1,289.10 and once again holds its ground. So where are we going into the weekend? I think traders are cautious but not ambivalent – on the short term gold is […]
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Commentary for Monday, February 6, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $1.40 at $1,220.80 USD on Friday and is higher by $32.40 on the week. My concern last week over price follow-through remains in place but it is nice to see that gold has […]
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By Everett Millman – Gainesville Coins ……. This year, no central bank or central government has bought gold at a more vigorous pace than the Russian Central Bank. It has significantly added to its gold reserves in 2016, and this trend has continued. September saw Russia grow its gold reserves by 500,000 troy ounces (15.55 […]
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By Everett Millman – Gainesville Coins ……. This year, no central bank or central government has bought gold at a more vigorous pace than the Russian Central Bank. It has significantly added to its gold reserves in 2016, and this trend has continued. September saw Russia grow its gold reserves by 500,000 troy ounces […]
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UC Riverside political scientist suggests that introduction of coins fits historical pattern of troubled regimes turning to gold as “golden parachute” By University of California, Riverside ….. When ISIS announced in 2014 that it would create its own currency of gold, silver and copper coins, the terrorist organization said its intent was to free its […]
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By Coinweek …. CoinWeek News Wire for July 10, 2016 Brain Food 1.) From cotton to cash: how to (actually) make a euro Reinhold Gerstetter is responsible for the design of the euro banknotes. Fans of the old Deutsche Mark may recognize his work – he drew the faces on their last edition, before Germany […]
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The volatility of global equities was on the rise this week, with significant sell-offs on the major stock exchanges in the U.S. (Tuesday) and China (Thursday). This coincided with a downward revision of first-quarter GDP amid an array of other disappointing economic data in the States. Funds continued to crowd into the bond markets, though […]
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Courtesy of Everett Millman and GainesvilleCoins.com …. ABSTRACT: As equities markets pulled back amid mostly soft economic indicators, the precious metals had an early-week rally snuffed out by Friday’s close, as both gold and the Dow Industrials have essentially wiped out all of their gains thus far through the 2015 calendar year. GOVERNMENT & POLICY […]
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It was a solid week for the precious metals, which all advanced (excepting palladium) on mounting geopolitical risks and deceptive rhetoric from the Federal Reserve. Equities in the U.S., Europe, and even Asia pulled back this week on uncertainty over the strength and health of the global economy. By Gainesville Coins…. GOVERNMENT & POLICY The […]
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