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Posts Tagged ‘Precious Metals Prices’

Precious Metals and the U.S. Dollar: The See-Saw Effect

Tuesday, May 14th, 2013

I attended an investment conference this weekend, and during the precious metals part of the discourse the keynote speaker asked the audience a question. He asked, “What is the single most important factor driving gold prices?” Having been in the precious metals industry for decades, I knew the answer immediately. My hand shot up, and I whispered the answer to those around me, some of whom looked at me as if I was either a genius or insane. After some coaxing, I noticed a few others cautiously raise their arms as well. The vast majority of the audience, however, looked clueless.

The speaker then took out his wallet, removed a crisp one dollar bill from within and held it up for everyone to see. “The value of the dollar,” he said, “decides gold prices more than any other single factor. A strong dollar means weak gold prices, and vice versa.” I was vindicated in front of my peers, but the initial response of the group stuck with me. How could gold’s inverse relation to the dollar not be more commonly known?

When I was growing up in a little town in South Carolina, there wasn’t much to do in terms of recreation besides catching lightning bugs and going to the local school’s playground. The see-saw, or teeter-totter (depending on where you grew up) was a staple on many playgrounds, and it serves as a simplified example of the relationship between gold and the dollar.

When the dollar loses value due to overprinting, it requires more dollars to purchase the same amount of gold. Thus, lower dollar = higher gold. Granted, this is a simplification of sorts, but one that is surprisingly accurate in terms of technicalities. So, if you think the dollar has hit rock bottom and will soon rebound, avoid gold. If you think that U.S. monetary policy is too loose and could result in the dollar losing more purchasing power, gold could be your new best friend.

Precious Metals Market

Tuesday, December 22nd, 2009

Entry-level gold prices are looking especially beneficial in the precious metals market today, as the spot price plummeted to below $1100 per troy-ounce levels for the first time since Nov. 6th. Experts largely attribute the spot price’s notable decline to holiday profit taking, although some pie in the sky individuals choose to believe that we are experiencing a miraculous, economic holiday recovery. Regardless of the reason, the precious metals market certainly does warrant some serious consideration and research. Minimal research will reveal that bullion items like 22-karat American Eagle’s prices hover slightly above the current gold spot price (which represents the cost of one troy-ounce of pure gold), while rare coin prices are considerably higher.

Rare coins like Double Eagles are among today’s most widely sought long-term investments for financial safety, because their numismatic value is historically proven to appreciate dramatically during long-term economic slumps. Double Eagles are $20 Lady Liberty, and $20 Saint Gaudens, 22-karat rare gold coins. They contain nearly a full troy-ounce of pure gold, but it is far more important for investors to certify the numismatic value of their long-term rare coin investments. It is advisable for investors to trust only the PCGS (Professional Coin Grading Service), or the NGC (Numismatic Guaranty Corporation) for their rare coin numismatic certification, as more obscure certification companies may not fetch the best resale prices when the time comes to liquidate. Investors are encouraged to complete their research, and then to contact one of our friendly specialists, who offer institutional discounts on American Eagle bullion, and Double Eagle rare coin, to household investors like you.

John Burke

Precious Metals Prices

Tuesday, December 8th, 2009

Short-term bullion investors can benefit from today’s profit taking, as gold’s precious metals prices dropped as low as $1137.10, on the New York Spot Price. The spot price was at around $1154.70 at around 5:00pm EST, so some bullion investors have already begun to reclaim short-term gains. Still others see a much broader, long-term economic picture, and are converting their wealth into rare coins like Double Eagles, which are rare, $20 Lady Liberty, and $20 Saint Gaudens, 22-karat gold coins. Precious Metals Prices vary greatly between these two types of investment-grade gold investments, as rare coins possess highly coveted numismatic value, which generally tends to appreciate over time. Since bullion has no numismatic value, its’ prices generally hover just above the current gold spot price, which is the cost of one troy ounce of pure gold.

Since Double Eagle coins are such costly long-term investments, it would be unfortunate to have to prematurely liquidate them, so wise investors are diversifying their long-term Double Eagle holdings with bullion items like modern, 22-karat American Eagles, or 24-karat American Buffalo, modern bullion coins. Both bullion coins contain exactly one troy-ounce of pure gold, and the U.S. government backs their weight and precious metal content. Rare coin buyers are advised to purchase only rare coins whose numismatic value has been officially certified by either the PCGS (Professional Coin Grading Service), or the NGC (Numismatic Guaranty Corporation). They are also encouraged to complete their research, and then to contact one of our friendly specialists, who offer institutional discounts on American Eagle bullion, and Double Eagle rare coin.

John Burke

Cost Of Precious Metals

Monday, November 16th, 2009

The cost of precious metals is a reliable economic indicator for investment trends. Precious metals prices historically tend to rise throughout long-term cycles of economic turbulence, particularly when dollar values no longer pack their normal punch. These very factors are presently assaulting every American’s financial front line, and levelheaded investors are taking advantage of the rising cost of precious metals investments like rare gold coins, because they are proven safe haven assets. The cost of precious metals investments like rare coins such as $20 Lady Liberty, and $20 Saint Gaudens, 22-karat gold coins, are far greater than bullion coin investments, because bullion possesses no numismatic value like rare coins do.

Investors who are concerned about protecting their wealth while our economy undergoes a much needed overhaul are using Liberty’s and Saint Gaudens coins as long-term investments, because their numismatic value generally tends to appreciate during economic trends like the ones we are currently experiencing. It’s looking more and more like these trends will continue for some time to come, and the cost of precious metals will continue to reflect these trends until economic balance is restored. The aforementioned coins, which are also known as “Double Eagles” are historically proven to appreciate exponentially, so investors are buying these coins for long-term holding periods, and diversifying with bullion coins like 22-karat American Eagles, for short-term liquidations. Investors can avoid paying eye-popping retail prices for their American Eagle bullion, and Double Eagle rare coin by contacting one of our friendly specialists, who offer institutional discounts to household investors like you.

John Burke

Precious Metals Prices

Thursday, November 5th, 2009

Even though platinum has the highest precious metals prices, gold is the precious metal that typically grabs the limelight, as it backs all of the world’s printed currency, and its’ prices are the strongest economic indicator of all the precious metals. As mentioned, gold’s precious metals prices are such a strong economic indicator, and when compared to dollar values, gold’s prices also reflect the overall health of the nation’s economy. Historically, gold shares an inverse correlation with dollar values, which means that throughout prolonged periods of economic struggle and dollar devaluation, gold prices generally tend to rise. Stealthy investors monitor dollar values along with gold prices, and indicators like unemployment rates, to determine the ideal time to invest in precious metals.

It seems like there’s been no time like the present for about three weeks now (I know that sounds like a Yogi “Berraism” but it just came out that way), as gold’s precious metals prices continue to surpass their own all-time record highs. Gold nearly broke the once “impossible” $1100 an ounce benchmark this afternoon, falling short by one lone dollar, to set a new record high of $1099. There will no doubt be mixed projections about upcoming gold price fluctuations, so investors are advised to maintain a realistic perspective, and evaluate their finances as they apply to a potentially well-diversified precious metals investment budget. Once investors have evaluated their finances, they are encouraged to contact one of our friendly specialists, who offer institutional discounts on bullion, and rare coin.

John Burke

Precious Metals Prices

Friday, March 13th, 2009

An ever-increasing number of investors are now braving the precious metals market in an effort to escape their current financial quandaries. Recent economic trends have wreaked havoc on traditional investments like stocks and bonds, and investments in precious metals have historically shown to be a financial haven against such elements as government-manipulated interest rates, inflation, and dollar devaluation. The last inflationary cycle of the 70’s featured the dollar losing 60% of its’ spending power, while the price of gold went over1000%. This information alone may prompt some overzealous buyers to dive headfirst into the nearest precious metals investment, but I don’t recommend that course of action. It is always crucial for each investor to first evaluate his/her own specific financial needs, before even considering a precious metals investment. A great deal of disappointment and heartache can be avoided by this simple practice. Once this is done, it is advisable for an investor to familiarize himself/herself with precious metals prices.

Precious metals prices are generally referred to as spot prices. Spot prices fluctuate round the clock worldwide, and careful scrutiny is needed in monitoring these precious metals prices, depending upon any given investors specific financial needs. For example, if an investor is considering a long-term investment in a precious metal, constant vigilance over the metal is unnecessary. For the short-term investor, however, anything less than constant vigilance over precious metals prices would be considered foolhardy.

Investors should also do extensive research into which specific type of precious metal investment is best for them. For example, a bullion investment would have a different price than a rare coin investment, since rare coin has numismatic value, and bullion’s value generally lies in its’ precious metal content, and thus, hovers around that metal’s spot price. These types of discrepancies should be evaluated, when considering precious metal prices.

Danny Burns