Gold & Silver Prices Hold As Interest Rates & Dollar Soar – May CoinStats Available

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	Which Nations Have Been Buying Gold?
	The U.S., Germany, Italy, France, Russia, China, Switzerland, Japan, India and the Netherlands hold the highest gold . . . . Prableen Bajpai
	Gold Up, Fed Hikes Interest Rates But Remains Within Expectations
	Gold was up on Thursday morning in Asia, after the U.S. Federal Reserve hiked interest rates in its latest effort . . . . Gina Lee , Reuters
	Gold Tumbles Amid Surging U.S. Yields
	Gold slumped below $1,900 to 11-week lows on Monday as U.S. Treasury yields and the dollar pushed higher . . . . Alex BoltyanCommodities
	Global Silver Demand Surged 19% in 2021
	All Key Demand Sectors Grew Together for First Time in Nearly 25 Years . . . . The Silver Institute

Last week the key interest rate barometer, the 10-year Treasury Bill, moved to an 11-Year high of 3.14%, a sizeable increase. This increase negatively affected many of the major financial markets. Many of the world’s largest equity markets saw sizeable decreases. Bond markets, Bitcoin, and precious metals all fell on this spike in interest rates. The continued strength in the U.S. Dollar Index, trading at a 20-year high, is also putting pressure on our precious metal markets. Gold closed on Friday at $1,882, down $28 for the week, and a 2-month low.

Last Wednesday, Fed Chairman Powell provided an update on current Federal Reserve policy and took questions during a news conference. Powell stated the Fed is considering two 50-basis point increases in the Fed Funds rate during the next few months, but not a 75-basis point increase during the same period. The financial markets reacted to this statement with a sharp rally, which lasted until the markets opened the next day.

This coming Wednesday, the April CPI inflation rate will be released. The annualized February 2022 CPI rate was 7.9%, the March rate was 8.5%, the expectation for April CPI rate is under 8%. A sharp increase will put more pressure on the financial markets, including precious metals. A decline could be very bullish for Gold and Silver.

Today: The economic and geopolitical problems being caused by the problems in Russia and China are resulting in serious concerns in the world’s financial market about a coming recession. For the third consecutive week all financial markets, including precious metals, have seen heavy liquidation. Gold appears to be headed to its $1,850 per ounce major support level.

The Silver price has dropped $3.50 in the past month, closing last Friday at $22.32 per ounce. The same factors that drove Gold lower, the U.S. Dollar rally and a sizeable increase in interest rates, had a greater effect on the Silver price. Remember, the recent 15% increase in the value of the U.S. Dollar would equal $3.30 in the price of Silver. Precious metals are international commodities and with a strong U.S. Dollar, we are able to purchase Silver at an extraordinarily low price. The Silver to Gold ratio also surged to an unbelievable 84-to-1.

Today: The Silver price is seeing more of a reaction to the global economic and geopolitical concerns. Silver has broken below the $22 support level, making a new 2022 low. Wednesday’s CPI inflation report is likely to be the turning point in the Silver price.

I’m proud to provide the May 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 May 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 May 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. 2022 is looking like an 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 in the subject line with the series requested.