Oct 25, 2024
Now that gold is over $2,700 and silver is nearing $35, the London Bullion Market Association just finished its annual mid-October conference, this time held in Miami, and they are much more bullish in their annual poll.
Sep 27, 2024
At 2:00 pm (Eastern time) Wednesday, September 18th, the Federal Reserve's Open Market Committee (FOMC) made a somewhat surprising decision to cut their key Fed funds rate by 50-basis-points (0.50%). Most observers expected a 0.25% cut.
Sep 26, 2024
Gold topped $2,600, in part, because of the Federal Reserve interest rate cut on Wednesday, September 18. It bounced around $2,600 before holding about $2,600 on Friday.
Mar 29, 2024
Before 2022, central banks had never bought more than 650 metric tons of gold in any single year but that changed in 2022. Central banks responded to the start of the war in Ukraine in February 2022 and soaring inflation, combined with weaker currency values around the...
Mar 4, 2024
Precious metals rose by an average 9.4% (for gold) and 11.4% (for silver) in the five elections since 2004. All of these elections were hotly contended, especially the last election, Trump vs. Biden. That rematch is on track this year, with even more contention.
Feb 27, 2024
The non-partisan Congressional Budget Office (CBO) just came out with a 10-year projection based on current policies, called "The Budget and Economic Outlook, 2024-2034." Their deficit picture calls for a slight reduction in red ink this year, even though the real...
Jun 16, 2021
Owning gold is important, but owning gold can come with a big challenge: keeping it safe. Criminals love to steal gold. It's a large amount of value in a small, easy-to-conceal package. It's relatively hard to trace and easy to sell.For maximum protection, store valuables...
Jun 14, 2021
During May 2021, the U.S. Mint sold 20,500 ounces of Gold American Eagles vs. only 11,500 ounces in May of 2020. American Buffalo gold coins were even more popular, with 44,000 one-ounce gold coins sold in May 2021 vs. just 2,500 ounces in May 2020. Despite the huge surge...