Coin Collecting News
Sales of the United States Mint’s gold and silver bullion coins rose for the month of December 2011, reversing the slow down experienced in the previous month. Annual sales totals include a new record for American Silver Eagle bullion coins. During the month of December 2011, the US Mint sold 2,009,000 of the one ounce [...]
After a particularly volatile year, gold stands as the only precious metal in positive territory, with a gain of 11.65% for 2011. The price for silver fell by 8%, while platinum and palladium prices each declined by about 20%. During the year, the price of gold ranged from a low of $1,319 in January to [...]
Within year end ordering guidelines provided to authorized purchasers, the United States Mint indicated that certain 2011-dated Gold Eagle bullion coins would be available at a discount. The Mint also stated that they planned to have sufficient quantities of 2012 Silver Eagle bullion coins available to meet demand from initial orders. The US Mint’s American [...]
The gold and silver markets took us on wild rides in 2011. Guess what? They will be even more volatile in 2012. According to GFMS, one of the most respected analysts of precious metals markets, the Chinese market, government and private, will absorb more than 22 million ounces of gold in 2011, sharply higher than [...]
The United States Mint will begin sales of the 2012-dated American Gold Eagle and American Silver Eagle bullion coins to authorized purchasers on January 3, 2012. The newly dated versions available each year are eagerly anticipated by many collectors. Bullion products of the United States Mint are distributed through a network of authorized purchasers. These [...]
Yesterday, the United States Mint reduced price levels for numismatic gold and platinum products. For the single platinum product, the newly effective price represents the lowest in place during the course of the offering. The US Mint uses a flexible pricing policy for numismatic gold and platinum products, which allows adjustments to be made as [...]
On August 6, 1973, the US prime interest rate increased to 9%, the highest level since at least 1947. I was working two jobs before my senior year in college. At the time, in my relatively inexperienced naiveté, I thought that the world economy would collapse. It did, but it didn’t. The Dow Jones Industrial [...]
The politicians in Europe, the US, and elsewhere are facing financial problems so bad that, in my judgment, they are long past the point of no return. That means that there is no easy or comfortable way to undo the existing market distortions and adopt sensible long-lasting solutions. Some kind of financial catastrophe is inevitable. [...]
Prices for the United States Mint’s numismatic gold products have been reduced based on the lower weekly average market price of gold. The impacted products include the 2011 Proof Gold Eagles, 2011 Proof Gold Buffalo, proof and uncirculated First Spouse Gold Coins, and the 2011 gold commemorative coins. The US Mint utilizes a flexible pricing [...]
Forecast of Events That Could Affect Gold and Silver Prices in 2012
There are a myriad of calamities and catastrophes that could affect financial markets in the US or worldwide in 2012. Pretty much all of them would spur more people to seek to purchase physical gold and silver. Whether or not these come to pass, and when, and how great an impact they will have on [...]