Gold & Silver Firming Above Support – July CoinStats Available

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	Goldman Says Gold Prices Steamrolling Toward $2,000
	As a result of the liquidation, gold is now again pricing a Goldilocks scenario of moderate inflation and continued global recovery and is thus trading at a large discount to the current real rate . . . . Brian Sozzi
	Bitcoin is Not the New Gold - it’s the New Tulip 2.0!
	The collective Zeitgeist claim that Bitcoin and other cryptocurrencies hold safe-haven status with gold is about to be found seriously wanting . . . . Gaius KingFollow
	Russian finance ministry to buy $4 bln worth of gold in July
	Russia's finance ministry said on Monday it would buy 13.5 billion roubles ($184.25 million) worth of foreign currency . . . . Andrey Ostroukh
	Why Central Banks Buy Gold
	Gold has been an essential component in the financial reserves of nations for centuries, and its appeal is showing no sign of diminishing . . . . World Gold Council
	Ohio Becomes 41st State to End Sales Taxes on Gold & Silver
	Governor Mike DeWine has officially ended Ohio’s sales taxation of gold, silver, platinum, and palladium bullion and coins . . . . Money Metals News Service

Last week is worth reviewing. As Pandemic concerns intensified, world economic numbers tightened and interest rates dropped to the lowest level in 2021 (1.25% for 10-Year Treasuries).
During the week, Gold traded between $1,784 to $1,819, closing over the key $1,800 per ounce level, up $25 for the week. Gold has been up the past three weeks in a row after it hit $1,764 on June 21st. Building a base above the key $1,800 level is very important for the short-term direction for the Gold price. Right now, I see $1,820 as an important breakout price for Gold before seeing a quick run to $1,850 per ounce. Yes, I continue to believe Gold will be over $2,000 per ounce before the end of 2021.

Many of the popular Gold investment coins, pre-1933 U.S. and European Gold, and modern issued bullion coins are seeing better supply and premiums are starting to come down. Demand remains strong as our company sees hundreds of new investors coming into the market. During conversations with other large established dealers, I have learned that they are seeing a similar amount of new investors. It has become increasing clear that the rare coin and precious metal coin business is in a major growth period. Since most of our new clients were referred by current and past clients, our sales staff, my son David, and myself enjoy answering their beginner questions and providing guidance to the right products based on their goals.

Today: A strong U.S. Dollar and higher interest rates caused Gold to briefly break below the important $1,800 in overnight trading. Then Gold found strong demand and moved to a high of $1,808 per ounce.

Last week, Silver had a difficult time staying above the key $26 per ounce support/resistance level. Silver closed on Friday at $26.18 per ounce, up $0.20 on normal trading volume. Silver continues to show all the signs of a breakout, reaching a high last week of $26.86, before seeing short-term profit taking and professional traders short-selling. When Gold moves above $1,820 per ounce, I expect to see Silver test $27 one last time. The Silver-to-Gold ratio has risen to 69.07-to-1.

Today: Silver also briefly broke down below the key $26 level and came back on strong buying. Silver reached a high of $26.38 per ounce before seeing light selling.

I’m proud to provide the July 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 July 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 July 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 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. If you wish to receive a copy of the current CoinStats, just reply in the subject line with the series requested.