Gold reached $3,169 & Sold off - April 2025 CoinStats

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	Tariffs Will Hurt Silver & Base Metals But Boost Gold Demand
	The Trump administration’s massive ‘reciprocal’ tariffs will likely last at least until the 2026 midterms... Ernest Hoffman
	Gold Drops But Still Outperforms As Tariff Chaos Crashes Markets
	The world’s financial markets are experiencing a massive deleveraging move which is also sweeping... Niels Christensen
	Trump’s Global Tariffs Drive Gold And Silver Prices To Multi-Session Highs
	U.S. President Donald Trump announced sweeping new global tariffs on Wednesday afternoon, in a move that... Ernest Hoffman
	Gold Hits Record High, Backs Off On Routine Profit-Taking
	Gold prices are lower at midday Tuesday on normal profit-taking pressure from the shorter-term futures traders after hitting record highs early on... Jim Wyckoff
	Warren Buffett’s Billion-Dollar Silver Buy Signal Is Back
	While everyone is waiting to see if there’s any gold left in Ft. Knox, another, more obscure vault is hemorrhaging silver... Marin Katusa

Last week was truly the most extraordinary week I have seen in years. After Trump’s announcement on Wednesday about his worldwide tariffs, all the world’s financial and precious metal markets reacted negatively. Trillions of Dollars, Euros, Yen, and Yuan were lost in just 48 hours, and Trump started a trade war. China and a few other nations increased their current tariffs and started new reciprocal tariffs.

Gold significantly outperformed equity markets, with the Dow Jones Industrial Average down 3,970 (9.9%) and the Nasdaq Composite down 2,009 (11.4%) since Wednesday’s Tariff announcement. Gold only dropped $131 (4.2%) in that time, closing Friday at $3,030, down $56 for the week. Most equity markets in the U.S. and around the world have experienced their worst week since the global economy was shut down during the COVID-19 pandemic.

Something worth remembering is that Trump’s tariffs are not actually tariffs charged by these nations to the U.S. The numbers on Trump’s tariff list are actually the trade deficit's differences between those nations and us. The Trade deficit is the difference between what they sell to us, versus what they purchase from us.

Key Economic data to watch this week:
- Wednesday: FOMC minutes from the March monetary policy meeting
- Thursday: US CPI
- Friday: US PPI, University of Michigan preliminary consumer sentiment survey

Today: Last night in overseas trading, Gold moved to a low of $2,970 when trading in Australia then opened to a high of $3,065 per ounce as it rolled into Shanghai. During trading in London and the U.S., Gold traded above and below the key $3,000 per ounce level.

Trump’s tariffs and the financial markets catastrophe around the world really affected the Silver price. Silver dropped $5.42 per ounce (15.7%) in just two trading days. Silver broke below the $32 and $30 per ounce support levels and closed Friday at $29.20 per ounce, down $5.25 for the week.

Silver is trading at the lowest price for 2025 with a Silver-to-Gold ratio of 103.85-to-1, the highest it’s been since 2020, when it reached 118-to-1.

Today: Silver reached a low of $27.65 per ounce in Australia before starting a sharp rally as the market moved into China and Silver rose above $30 per ounce on heavy buying.
During London and U.S. trading, Silver traded above and below the key $30 per ounce level.

I’m proud to provide the April 2025 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 April 2025 are six different series: $20 Gold Saint Gaudens, $20 Gold Liberties, $10 Gold Indians, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollar.

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 & Silver U.S. rare coins, dated prior to 1948, which have a proven track record of appreciation and also offer excellent liquidity.

The April 2025 version of CoinStats has updated populations and prices from PCGS. I have also included information on increases in all PCGS grade populations from issue to issue, plus increases in popular PCGS Registries at the bottom of the Best Value page. 2025 is looking like it going to be excellent year for investment quality rare coin owners with high grade Silver and Gold coins. If you wish to receive a copy of the current CoinStats, just reply to this email and put in the subject line the series requested.

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