Mark in the UK asks the best ways to determine the authenticity of a precious metals investment. There are a lot of fake bullion bars and coins out there and they are becoming increasingly hard to spot as the price of precious metals reach new all-time highs and criminals up their games to keep the profits flowing.
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Against the backdrop of high inflation rates and geopolitical uncertainty, states are increasingly enacting measures that encourage saving in precious metals and even using gold and silver as money. With five bills signed into law in 2023, sound money reforms are gaining momentum across the United States.
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Remember when I told you that junior miners are likely to decline significantly when stocks decline? That just happened. To a small extent, but still. This means that when the stock market moves much lower, junior miners are likely to slide in a major way, too, creating great profits for us. Let’s take a look at what happened.
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There is a phrase you will hear a lot over the coming decade: Artificial Intelligence (AI). Not that you haven’t heard it already. But thanks to multiple major breakthroughs in 2017, like how language is used across different AI development efforts, innovation has accelerated at a breakneck pace. And there’s no sign of it slowing down.
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This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Reflecting on recent gold price changes, China’s obsession with safe-haven gold and could central banks break last year’s gold buying record?
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Demand for copper has been rising at bullion dealers. The number of products available has also risen dramatically in recent years. Mints and refiners are responding to increased demand with a wide variety of new copper rounds and bars with some interesting designs. The number of questions we get from clients has been rising, along with the interest.
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The pace at which the world’s central banks have been accumulating gold has been nothing short of relentless. Central banks bought more gold in 2022 than in any other year up to that point: 1,078 metric tons. And given the pace at which central banks are continuing to buy gold this year, it’s very possible 2023 will see a new record total
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Back in July, we reported on the Bidenomic “pay cut” of $5,600 per year that every American has suffered during Biden’s term. Unfortunately, the failures of Biden’s economic policies are starting to pile up. They’re almost impossible to ignore already. The media won’t be able to put a positive spin on it for much longer…
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“I’m researching Cayman Islands gold storage options and want to know if this is a recommended location for holding investment precious metals” George in North Dakota has a sizeable inheritance and is looking to secure a portion of this in gold. He is worried about local storage in the US and is looking into options in the near-offshore market.
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We know it’s been an unfortunate year for fiscal management in the United States. The year has seen a contentious debt-ceiling standoff resolved in just the nick of time; a reduction in the nation’s credit rating for only the second time ever; and a budget stalemate leading to the removal of a House speaker from his job for the first time in history.
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Andy in Texas asked me how I got started working in the gold industry and what I would recommend someone starting out. I’m not sure my exact route into working with gold could be replicated (or would even WANT to be replicated) by anyone – but the underlying path could definitely work for you, as it has done for hundreds of others.
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Some say that war never changes, and in some aspects, that’s true. But markets’ reactions to war are also remarkably similar. What I’m going to start today’s analysis with is not something you’ll read in many places. Usually, analysts are either following just the technicals or just the fundamental aspects of a given market. But the true edge comes from…
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After testing new highs, gold is likely to move far, up or down. Previously, I wrote that the price of gold was about to decline after its massive reversal and that’s exactly what happened. The decline is now likely to continue, but there’s a good chance that we’ll see at least a small rebound from $2,000 or slightly higher levels.
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Susan in Connecticut asks “Where do I buy gold for investment?” and I don’t think she’s being ironic. My first thought was you do realize you’re asking this on a platform listing over 1,600 gold dealers – no? But I rapidly packed away my incredulity when I saw our directory only lists 12 precious metals dealers listed in Connecticut.
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“The overwhelming interest in the 2023 Sound Money Scholarship was deeply heartening. At a time not only of high inflation and bank instability but also when states are advancing dozens of sound money bills, this fundamentally important issue is reaching an inflection point”
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The huge rally in gold and the monstrous decline that followed provided a sign of epic proportions. Gold price’s huge-volume reversal is the last thing that anyone even remotely interested in the precious metals market should ignore. The Gold price was just soaring to new highs like there was no tomorrow, and then it happened.
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This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold passes $2,100 to post a new all-time high, the only two solutions to the global debt crisis aren’t applicable, and a recent government study returns some very rough inflation data.
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“Is a gold IRA a good investment?” In my book, it’s not just good; it’s a tax-savvy treasure trove in the world of retirement planning. While we have something similar in the UK (a Gold SIPP) it’s not even half-way as good as the American IRA. Let’s delve into the why, starting with its tax-advantaged nature…
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Sara in Maine asks “Why is gold NOT a good investment?” – and although it pains me to say, the yellow metal is NOT perfect for everyone. So I’m going to be rolling out a few common tropes used by many of those who are against gold as an investment – and one real issue that is badly wrong with the gold market and makes my blood boil.
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Despite President Biden’s insistence that the U.S. is experiencing the “greatest economic recovery ever,” the evidence suggests otherwise. In fact, the U.S. economy could be heading for one of the most painful periods of economic turmoil of the last 15 years. And it’s all thanks to the disastrous policies known as “Bidenomics.”
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A minority of citizens say American dream “still holds true” as half of Americans earn less than $3,400 per month. As inflation soared in 2022 and the Federal Reserve set about the task of reining price pressures in with a singular, surgical focus on raising interest rates, sentiment among consumers struggled in the face of those headwinds…
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The USD Index is soaring today, so let’s start today’s free analysis with this market. You can probably already tell that it’s likely that today’s (0.6+) rally is the start of something bigger and not just a one-day event. Let’s check why – starting with my previous comments on this market as they remain up-to-date…
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Rod from Kentucky asks “Which gold investment is best?” a question with as many answers as there are stars in the sky! ‘Best’ is of course a subjective term, and what’s best for one investor might not be for another. To answer the question I’ll break it down from various angles – the most common cases where a specific course of gold-buying action may be ‘best’
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This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold’s downside doesn’t sound so bad these days, where we are on the 1970s track, and gold demand surging as Indian buying returns to pre-pandemic levels.
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Americans might be well served to contemplate how safe cash really is. Money market funds aren’t going to keep pace with inflation over the long run. Nor are they immune from credit risk, which could manifest at any time. Bullion investors would like to see some of this capital pour into the gold and silver markets.
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Silver just shot up, and given what the stock market is doing, it makes perfect sense. Namely, it’s most likely the final part of the rally in them both, and the same is the case for gold and mining stocks. Starting with the stock market, it’s still the case that the shares are following their early-2022 path.
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Are Americans being unduly gloomy, and unreasonable in their unwillingness to accept the beneficial reality they’re actually living? Or are they entirely justified in their pessimism over what they see as an economy growing increasingly less responsive?
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A Recent Typo in Our Footer Menu May Have Caused Offense, and For That I Can Only Apologize! As part of our recent site refresh we (and by we, I mean ‘I’) made a small typo in the menu item titled “Discounts” by omitting a vowel. This omission may have caused offense for the 2 days it was live and for that I’m sorry.
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