The Timing Is Right To Make That Commitment To Gold/Silver

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:

India’s Aug Gold Imports Double Hit 15-Month High As Prices Drop

The Silver Institute - Silver News August 2018

Perth Mint’s August Gold, Silver Sales Rise On Lower Prices

Gold Battling To Maintain $1,200 Level

RBI Buys Gold For First Time In Nearly A Decade

This Week’s Headlines:

Gold
Silver
Don’t buy the just released Proof Palladium 1oz Eagle
Recommended investment commitment and diversification

GOLD

Last Friday, Gold closed at $1,195 per ounce, down $6.30 for the week. Gold’s decline on Friday was primarily caused by the Labor Department’s announcement of 201,000 new jobs created in the month of August. The announcement lead to a strong U.S. Dollar and more optimism about higher interest rates on the horizon, which drove down the price of precious metals.

It’s now been four weeks that the Gold price has been in a bull/bear war with the price actively trading above and below the important $1,200 per ounce support/resistance level. I think the Gold price is ready to pick a direction, which I believe will be higher. Gold needs to firmly move back above $1,230 to convince the professional traders it’s back on the bullish track to reach $1,300 per ounce.

Many of the world’s largest central banks and investors, especially those located in Asia, Middle East, and Europe, want Gold. It’s becoming very disturbing to watch these central banks continually exchange their U.S. Dollars, Treasury Bills and notes for Gold at a record pace. Thinking of what could be on the horizon is causing me to increase my personal holdings of precious metals at the current price levels. My strategy is to scale in fresh money, spending half right now at the $1,200 level, and being prepared to make additional purchases if the price re-tests its recent low of $1,160 per ounce. If the price holds around the $1,200 level and starts moving higher as many analysts predict, I would commit the other 50% when Gold firmly moves above the $1,230 per ounce level.

Today: Gold is trading in the $1,191 to $1,198 range, as the bull/bear war continues. Physical demand is very strong in Asia, Middle East, and Europe.

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SILVER

Silver closed last Friday at $14.07, down $0.48 per ounce for the week. Silver tested the $14 per ounce support level three times last week and held. Silver clearly gets its price direction from the Gold market. So, if Gold can show good price support above $1,200, Silver should rally. The Silver/Gold ratio continues to drop, now reaching an amazing 84.5-to-1 level, an extraordinary value at its current level and investors should recognize it.

Today: Silver briefly traded at $14.06, but has been trading higher most of the day. Silver did reach a high of $14.28 before sellers appeared.

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Don’t buy the just released Proof Palladium 1oz Eagle

Last week, the US Mint released 15,000 of the first ever Palladium Proof Eagle. This coin went up for sale at 9am PST that morning and sold out all 15,000 coins within 9 minutes at $1,387.50 each. We know modern investors/collectors will be very interested in purchasing this coin, but we are advising our clients NOT TO BUY AT THIS TIME!

Why? A large majority of the coins went to dealers who paid a premium for them and are selling the coins for very inflated prices back into the market in certified holders. We don’t believe that a Palladium 1st strike Proof-70 new issue with a 15,000 mintage can hold a value above $2,000. We are recommending our clients to wait 6-12 months, and we believe the coin will be available between $1,600 - $2,000 or less. We will be offering them when the price is right.

We can’t stress how important it is that you wait, and, obviously, this is not something we typically advise clients to do. The last time we wrote this kind of email was in 2014 when the US Mint released the Kennedy 50th Anniversary Gold Coin and we told clients the same thing, encouraging them to wait 6-12 months. By doing that, we saved our clients over $3k per coin!

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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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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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