Gold & Silver trading at a 2018 low – Great Opportunity

Current Rare Coin Listings Updated

Current listings for Morgan Dollars
https://www.mintstategold.com/silver/us-mint/morgan-silver-dollar.html

Current listings for Peace Dollars
https://www.mintstategold.com/silver/us-mint/peace-silver-dollar.html

Current listings for $20 Gold Saints
https://www.mintstategold.com/gold/us-mint-1/saint-gaudens.html

Links to recent informative articles on precious metals and rare coins:

All-Time Finest Historic CC Dollar Collection Purchased by Barry Stuppler

India Gold Imports Shoot up to 955.16 Tons During FY 2018

GOP Congressman Investigates Undisclosed Gold Market Intervention by China and the Exchange Stabilization Fund

BRICS Gold: A New Model for Multilateral Cooperation

Russia Ditches U.S. Dollar for Gold as Tensions Rise

Valuing Gold in A World Awash with Dollars

This Week’s Headlines:

Gold
Silver
Rare Coin Report
Recommended investment commitment and diversification

GOLD

Gold closed at $1,214 last Friday, down $9 per ounce for the week. Gold has dropped from $1,310 on June 14 to $1,210 on July 19, a $100 (7.6%) correction. This correction was primarily caused by large Asian corporations and professional traders/investors selling Yuan and buying U.S. Dollars. These professional traders, betting that the Chinese central bank will devalue the Yuan because of a pending trade war, have driven the value of the Yuan lower. The exchange rate for the Chinese Yuan has dropped from 6.25 Yuan to the Dollar to 6.85 Yuan to the Dollar, a 9.6% decline in a relatively short time. If you do the math, during the same period, Gold dropped (in U.S. Dollars) 7.6%, and Gold increased by 2% valued in Chinese Yuan.

Example of how the Chinese currency fluctuation affects the Gold price.

While the price of Gold in U.S. Dollars dropped $100, the cost in China was 101 Yuan higher.

In my 50-year history of monitoring precious metal prices, one thing has happened again and again. Before any major Gold/Silver rally, there was a clean out, and normally it’s quick. A quick/sharp drop in any precious metal price allows the professionals to watch the small speculators being stopped out of their leveraged commodity contracts. It’s called "driving out the weak hands," because margin calls cause small investors to sell and take a loss, rather than investing more money.

As news of increasing tariffs continues to escalate, affecting the trade war between the U.S. and China, the effects on the financial markets and precious metals will continue. The stock price of companies that export sizeable amounts of goods to China have dropped. Central Banks have stepped up trading their over-valued U.S. Dollars for tons of Gold, as reported in their June purchases. I believe Central Bank Gold purchases increased in July because of the lower price. Many market analysts and professional traders feel that the $1,200 per ounce long-term support level will hold, followed by a quick rally back above $1,250 per ounce.

Another benefit of the strong U.S. Dollar-for-Gold investment is the low premium on pre-1933 Gold U.S. and foreign coins, the lowest its been in 20 years. Today, you have a great opportunity to add to your Gold holdings at what is possibly the lowest Gold price of 2018.

Today: Gold opened higher in Asian markets, reaching a high of $1,218, then the sellers came in driving down the price. Gold hit a low of $1,207 before the selling abated and buyers got aggressive.

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SILVER

Silver reached a new 2018 low of $15.15 per ounce on July 19th, and since then has traded in a narrow range between $15.25 to $15.65 per ounce. The Silver/Gold ratio has now increased to 79.11-to-1.

Today: Silver followed the Gold price higher and lower, reaching a high of $15.54 and dropping to a low of $15.24 per ounce. The summer doldrums finally hit Silver buyers, with global sales dropping on investment quality Silver products.

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Rare Coin Report

Between August 12th and August 18th, the largest rare coin convention of the year will be happening. The American Numismatic Association will be hosting the World’s Fair of Money in Philadelphia, Pennsylvania. This convention will see thousands of rare coin dealers and collectors/investors in attendance. I will be at the show for the entire week, attending meetings and looking at rare coins, while talking to clients and dealers. I am updating our company’s master Want List and plan on being an aggressive buyer for investment quality U.S. Gold and Silver rarities. I recommend you update your numismatic want list and email it to me by Wednesday, August 8th.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 40% of investment capital

Diversification:  Gold 55%, Silver 35%, Platinum & Palladium 10%

Diversification includes 50% in long term investment quality rare coins and 50% short term bullion products.

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REMEMBER THE BLOG

If you want to be updated on what is happening in the Gold, Silver, and Rare Coin markets any weekday, our company offers a daily blog Monday through Friday at www.stupplerblog.com

All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of the Stuppler & Company’s knowledge at this time.  Stuppler & Company disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein.  Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability.  All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions.

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