Gold & Silver Moving Higher As Equities/Bitcoin Fall - Jan. CoinStats

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	Oklahoma To Consider Holding Gold And Silver Removing Income Taxes
	An Oklahoma state representative introduced legislation today that would enable the State Treasurer to protect Sooner State funds from inflation and financial risk by holding physical gold and silver . . . . Money Metals News Service
	Silver Stays Near $24.50 While Gold Pulls Back From Recent Highs
	Silver is currently trying to settle back below $24.50 while U.S. dollar is losing ground against a broad basket of currencies . . . . Vladimir Zernov
	Are Gold Prices About To Fly? Gold Is A Hedge Against A Policy Mistake, says Pepperstone
	The recent trading pattern in gold shows signs that a bull market could be . . . . Anna Golubova
	Gold Price Rallies $30, Silver Price Surges More Than 3% As Investors Flock To Safe-Havens
	Both gold and silver are seeing unexpected rallies, with prices hitting two-month highs . . . . Anna Golubova
	Inflation At A 40-Year High, Risk-Off Sentiment, And Geopolitical Uncertainty Create A Perfect Storm For Precious Metals
	It was a combination of events that resulted in dynamic gains across-the-board . . . . Gary Wagner
	VanEck’s Joe Foster Say “Gold investors should see the glass as half full even after disappointing 2021”
	In his latest gold market report, Joe Foster, portfolio manager for VanEck’s gold strategy, noted that while gold’s performance last year was disappointing, it still managed to for a new higher base around $1,800 an ounce . . . . Neils Christensen

Last week, the Dow Jones Average dropped 1,646 points, Bitcoin fell $8,500, while Gold increased $15 per ounce. Gold is showing the demand and price support that a true inflation hedge should have. Gold is up $34 in the past two weeks, closing the week at $1,831 per ounce.

I’ve provided a link to an interesting article above. This article explains the details of how Oklahoma wants to make physical Gold and Silver coins and bars legal for the Oklahoma state treasury, as an inflation hedge. Ohio is the only state that currently is holding Gold and Silver coins and bars in their treasury, but there are three other states that have proposed similar legislation.

We need to stop worrying about when inflation is coming, IT’S HERE. I believe the equity markets are reacting to it. This is the harbinger for the beginning of serious inflation numbers worldwide and a floor for the Gold price. After trading above and below the key $1,800 level for the past six months, we have seen the badly needed Gold consolidation. Gold’s key $1,800 per ounce level should be the floor for 2022, and though we could have another test of this level, we are going higher from here.

I don’t believe I’m being overly optimistic, and based on both the current fundamentals and technical indicators, I see a new all-time high for the Gold price within the first six months of the year.

Today: Gold reached a high of $1,844 in early morning trading before seeing heavy selling in everything (equities, Bitcoin, and Silver). Gold is showing excellent support above the $1,830 level as investors move out of the equity and Bitcoin market.

Silver is a serious inflation hedge and it’s showing in the price increase. Silver has increased $1.91 per ounce (8.5%) in the past two weeks, closing the week at $24.30 per ounce. Based on the speed that Silver moved through the $24 level, I would expect Silver to test that level, while having key support above the $23 resistance level. Then, a little consolidation and back on the path to $25, my short-term target. The Silver-to-Gold ratio continues to fall, now at 74.55-to-1. I believe we will see that ratio drop below 70-to-1 soon.

Today: Silver took a hit today, dropping below the $24 per ounce level. Silver found excellent support above the $23.50 level as bargain buying appeared. Physical demand for the many popular Silver investment quality coins strengthens as the 2022 products hit the markets.

I’m proud to provide the January 2022 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 January 2022 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 and Silver U.S. rare coins, dated prior to 1948, which have a proven track record of appreciation and also offer excellent liquidity.

The January 2022 version of CoinStats has all of the 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. 2021 was an excellent year for investment quality rare coin owners with PCGS.com’s CU-3000 showing a 19.75% increase for 2021. If you wish to receive a copy of the current CoinStats, just reply in the subject line with the series requested.