Time To Add Gold And The Reasons Why – 2020 Palladium Eagle

CLICK HERE FOR NEW Morgan Silver Dollars

CLICK HERE FOR NEW Peace Silver Dollars

CLICK HERE FOR NEW $20 Gold Saint Gaudens

	Rising Inflation Will Push Silver Prices To All-Time Highs At $50
	It's not just gold investors who should be paying attention to potential rising inflation pressures. . . .Neils Christensen, Kitco News
	Will Gold’s Rally Extend Into 2021?
	Improving gold market fundamentals could support rising prices into 2021. . . .Eily Ong, Global Analyst, Bloomberg Intelligence
	Poor Man’s Gold Shows Off With 51% Returns YTD
	The silver price has been on a tear in 2020. Also known as poor man's gold, silver is up more than 50%. . . . . Gerelyn Terzo
	Russia’s Gold & Foreign Currency Reserves Surge By $1 BILLION In One Week
	After three consecutive weeks of growth, Russian forex holdings have reached a total of $591.8 billion, according. . . .rt.com
	States Where Gold And Silver Have Become Legal Tender
	An encouraging victory for sound money has just taken place in West Virginia where they have now. . . .Anthony Allen Anderson

Last Friday, Gold closed at $1,938 per ounce, up $14 for the week on excellent volume, considering it was a holiday week. During the trading week, Gold showed excellent stability, closing the four days of trading within a $20 range from high to low.

After reaching an all-time high of $2,070 on August 7 and seeing a selloff (profit taking) on August 12, taking the price down to $1,870, we are now seeing base building. For the past month, August 13 to September 13, the Gold price has traded between $1,902 and $1,998 per ounce. If that isn’t base building and a great example of price consolidation, nothing is. I think we are now ready to move on to set a new all-time high of $2,200 before year end; the next section outlines ten reasons why.

Today: The U.S. dollar sold off this morning based on the fact that many market analysts feel strongly that the Federal Reserve will provide more COVID-19 stimulus on Wednesday when they meet. Gold rallied $15 on excellent fresh buying.

1. Continued debasement of the world’s currencies, based on trillions of dollars, euro, yen, and yuan being printed which destroys the buying power of those currencies. Government debt and deficits are growing at an extraordinary pace and cannot be reversed.
2. World interest rates are at historic lows, ranging from -1% to + .70% on government debt, with our Federal Reserve stating that “They aren’t even thinking about, thinking about rising rates.” Low-interest rates make owning Gold more attractive and less costly.
3. Increasing demand from governments and financial corporations. Russia, China and many other Central Banks are trading U.S. dollars for Gold to increase their national reserves. Many well-respected financial managers, (e.g. Warren Buffett has now made investments in Gold).
4. Gold has been raised to a Tier 1 financial asset by the World Bank and many financial corporations and governments now have the ability to invest in Gold (e.g. The State of Ohio allocated 5% of its $16 billion pension fund for Gold).
5. 12 states have made or have proposed legislation to make Gold/Silver legal tender. West Virginia, Utah, Louisiana, Texas, and Oklahoma have passed legislation to make U.S. minted Gold/Silver Legal Tender and, in some states, exempt of state taxation. Wyoming, Arizona, Kansas, Indiana, Missouri, Tennessee, and South Carolina have had legislation proposed that is pending or has failed. Many of the legislations and laws allow Gold/Silver to be free from sales tax and, in some cases, free from state taxation. These states are concerned about the debasement of the U.S. dollar and want to give their citizens an option of owning REAL MONEY, Gold and Silver.
6. The U.S. Federal Reserve recently announced that they are abandoning current inflation polices based on the monitoring of monthly inflation rates, which could raise interest rates. Also, they are talking about another round of “Quantitative Easing” later in 2020 and in early 2021 to help the economy recover from the COVID-19 pandemic.
7. Geopolitical problems around the world, with unrest in China, Russia, Iran, and other countries, are causing a threat to the U.S. democracy.
8. China is working on replacing the U.S. dollar with the Chinese yuan as the World’s Reserve/Reference Currency. China’s trillions in reserve assets and growing Gold reserves versus massive deficits and growing debt from the U.S. is likely to make it happen.
9. Gold is a world financial asset and is priced in hundreds of currencies daily. Americans look at Gold priced in dollars. With the U.S. dollar in a downward trend, based on the world’s economies recovering from the COVID-19 pandemic before the U.S., it is likely to continue to drop, making the value of Gold move higher.
10. Demand for popular physical Gold and Silver investment coins and bars has increased this year by over 200%. The U.S. Mint and many other world mints have been backordered on many of the popular items while reporting record sales.

Last week, after weeks of high volatility, Silver showed excellent price stability closing between $26.70 and $27.15 all four trading days. Considering the price of Silver was trading at $11.50 per ounce in March, its recent action is showing excellent consolidation. Silver closed on Friday at $26.75 per ounce, down $0.07 for the week. Like Gold, Silver now has a month of price consolidation under its belt, trading for the most part between $26 and $28 per ounce. Silver is ready to follow Gold higher very soon. The Silver-to-Gold ratio moved higher last week, closing last Friday at 72.54-to-1

Today: Silver moved higher with Gold, breaking back above the key $27 per ounce resistance level. Silver did reach a high of $27.40 before seeing some light short-term profit taking.

As many of our clients know, the U.S. Mint has plans to officially release the new 2020 1oz Palladium Eagle on September 24th with a mintage of 10,000. I believe the mint will produce a Burnished coin (to be confirmed) with prices to be revealed a day or two prior to the launch. Mint State Gold has received several requests to pre-order this coin with a perfect grade of 70 PCGS and/or NGC. That all being said, we want to give our clients an overview of the best strategy to use to purchase this coin at the lowest price.

Two things to consider with this year's issue: the mintage of 10,000 and that for the first 24 hours the U.S. Mint is restricting sales to 1 per household. We estimate that about 5,000 coins will be sold to “High Margin Dealer Buying Groups” the first day. Those groups will be the first to market, offering exclusive labels at astronomical prices. This has been done numerous times in the past ten years with tremendous losses to the collectors.

We are strongly advising our customers to hold off buying the First Day of Issue at ridiculous prices. However, if the Buying Groups can purchase all 10,000 coins, history has shown the price will come back to reality in 3-6 months when their sizeable promotion and marketing periods end. At that point, we will be able to purchase their excess supply at a greatly discounted price. This will work to our clients' benefit in the end.

Assuming everything goes as expected, we plan on purchasing a few hundred coins on the second day directly from the U.S. Mint. The coins will then be graded First Strike by PCGS or Early Release by NGC and our customers will get the best price. We will be offering these, as always, at a realistic fair market price to our clients directly.

To pre-order the 2020 Palladium Eagle, please email us at [email protected] or [email protected] to let us know if you prefer the coin in either perfect 70 by PCGS in First Strike or NGC Early Release. We will also be offering the coins in the Original Mint Packaging at the same price the U.S. Mint offers the coins if you wish to purchase them as well! Once we confirm our purchases with the Mint after September 25th, we will be happy to contact you on a first requested basis.