Next Stop – Gold $1,300 Per Ounce – Silver $16 Per Ounce
Current Rare Coin Listings Updated
Current listings for Morgan Dollars
Current listings for Peace Dollars
Current listings for $20 Gold Saints
The following are links to recent informative Gold/Silver articles :
Gold ended 2018 on a rally, moving up again last week to close the year at $1,278 per ounce. Gold closed the month and year at $1,278.30 up $55 per ounce for the month, but down $28 for 2018. Gold is starting 2019 with increasing price support and growing demand. I believe Gold will reach its next major resistance level of $1,300 very soon, and after a short period of time should break above.
The Gold fundamentals have never looked better, interest rates (U.S. 10-Year Treasury Note is under to 2.7%) and the U.S. Dollar are dropping. Demand is increasing from Hedge Funds, ETFs and Central Banks. While the global equity markets remain a question mark, we are seeing increasing Gold demand from stock investors moving to a proven safe haven from the volatility they are seeing.
Today: As Global Equity markets continue to move lower, Gold buying in Asia, Middle-East and Europe is increasing as the price moves above $1,285 per ounce. January has an excellent history of showing higher Gold prices, last year Gold hit its highest price in January.
Silver ended 2018 at $15.44 per ounce, up $1.33 (9.35%) for December. Unbelievably, Silver was down $1.63 for the year. Once Silver broke above the key $15 resistance level, the traders and hedge funds took a long position. I believe when Gold breaks above the $1,300 level this month, Silver will move above the $16 resistance level. The Silver-to-Gold ratio has dropped to the 83.12-to-1 level.
Today: Silver is following Gold higher, reaching a high of $15.59 per ounce this morning. Silver found additional demand from concerns about the Purchasing Manager Index (PMI) from China. It was released overnight, showing December factory activity contracted for the first time in 19 months.
Many of the high-grade Gold and Silver rarities that came to sale in 2018 sold for record prices.
Four significant U.S. coin rarities sold for $1 million or more during the year in public auctions, and several other U.S. rare coins reportedly were purchased for $1 million or more in private transactions. For more details please read the following article.
Precious Metal commitment: Minimum of 40% of investment capital
Diversification: Gold 60%, Silver 30%, Platinum & Palladium 10%
Diversification includes 50% in long term investment quality rare coins and 50% short term bullion products.
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