Gold Moves Above $1,800 – October 2021 CoinStats Available

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	Gold Trading In Moscow Gets A Boost After London Tie-Up
	The Moscow Exchange plans to further boost gold trading in the world’s No. 2 miner . . . . Yuliya Fedorinova & Evgenia Pismennaya
	Palladium, Platinum Off 2021 Lows Will the Rebound Last?
	The spot price of palladium has rebounded from a near two-year low . . . . Investing.com Commodities
	Silver Rallies as Gold/Silver Ratio Declines to 74
	Silver is currently trying to settle above the $24 level while the U.S. dollar is under pressure against a broad basket of currencies . . . . Vladimir Zernov
	China’s 2021 Gold Demand Already Exceeds Full Year 2020
	The Shanghai Gold Exchange (SGE) has released its latest gold withdrawal figures for September and they already exceed full year 2020 figures . . . . Lawrie Williams
	Central Banks And Governments In Eastern Europe At Odds Amid Inflation
	A surge in price growth in eastern Europe has opened a rift between central banks that have launched rate hikes to battle inflation and populist governments trying to defend a strong economic recovery . . . . Reuters

Last week was the fourth week in a row that Gold increased in price. Last Friday, the Bank of England said the recent increase in UK inflation is likely to hit 5%. On that news, Gold jumped to a high of $1,814 per ounce on heavy volume, the second recent attempt to break the key $1,800 resistance level. As trading rolled into the U.S., we saw short-selling which drove the Gold price below the key $1,800 level. Gold closed the week at $1,794 per ounce, up $28 for the week.

During last week, the U.S. Dollar dropped slightly, which helped Gold’s firmer price. Other bullish factors for Gold are interest rates remaining unchanged and reports from Asian, European and Mid-Eastern countries about supply shortages and high prices. In the U.S., supply and employee shortages continue to grow, even while many major companies are offering $15 to $20 per hour for new employees with some success. Adding to the employment problems are strikes as many unions are demanding higher wages and more benefits for their members. Between shortages in supplies, higher salaries being offered and ongoing and pending strikes, serious inflation numbers are right around the corner.

There are other bullish signs for Gold, as major depositories around the world are reporting large withdrawals for physical precious metals causing shortages for exchanges. Many of the world’s largest mints, that are pulling precious metals from depositories, can’t get enough. Those shortages are causing these mints to produce less and cut distributor allocations for their most popular investment bullion coins. All of the signs point to higher prices for metals and higher premiums on the many popular Gold/Silver/Platinum coins.

Today: It appears that strong inflation news outweighs a stronger U.S. Dollar when it comes to the price of precious metals. Gold broke above the key $1,800 per ounce resistance level in late London trading. However, unlike last Friday, when the metals markets rolled into the U.S., the $1,800 level held.

Silver continued its bullish break-out last week, up $1.10 and up over 10% since the beginning of October. Great Britain’s inflation announcement on Friday, drove the Silver price to a high of $24.90 per ounce before seeing weekend selling and short-term profit taking. Silver closed at $24.42 per ounce, up $1.10 for the week. The 2021 low for Silver was $21.41 on September 29th, and in less than a month, the strong demand for commodity contracts and popular physical coins and bars has driven up the price by $3.00 per ounce.

Today: Silver continues to show excellent demand and the price is reflecting it with higher volumes and higher prices. As Gold rallied above $1,800 per ounce, Silver moved above the $24.50 level on its way to the key $25 level.

The U.S. market for certified (PCGS/NGC) rare coins has never been better. Demand is strong and prices have been increasing (look at the recent CoinStats). Most of the demand has been focused on the six very popular U.S. series provided in CoinStats. $25,000+ coins that are finest known or tied for finest known are becoming harder and harder to find. So, demand has been moving in the past few months to high grade MS65 or higher coins, in the $10,000 area, that have a PQ Approved or CAC sticker. Since the next major coin convention isn’t until the FUN show in Orlando, FL in January, I expect to continue to find it difficult to fill want list demand.

I’m proud to provide the October 2021 version of CoinStats free of charge for our clients. It has been updated with current prices and populations for regular and plus grades. Other features on CoinStats for October 2021 are six different series: $20 Gold Saint Gaudens, $20 Gold Liberties, $10 Gold Indians, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollars.

The CoinStats report provides a list of my recommended certified U.S. Gold and Silver coins which are found listed on the Best Value page. These are not the modern issue bullion coins or low-grade circulated coins. These are PCGS certified MS63 or higher Gold and Silver U.S. rare coins, dated prior to 1948, which have a proven track record of appreciation and also offer excellent liquidity.

The October 2021 version of CoinStats has all the populations and prices from PCGS. NGC populations and registry information has been omitted. The reason for this change is that over 80% of my clients only purchase PCGS coins, so I wanted to focus on PCGS data only. A new addition is information in increases in all PCGS grade populations from issue to issue, plus increases in popular PCGS Registries at the bottom of the Best Value page. If you wish to receive a copy of the current CoinStats, just reply in the subject line with the series requested.