Hi,
Yesterday, Jerome Powell, Chairman of the Federal Reserve testified to the Senate Banking Committee that interest rates would need to go much higher than anticipated to quash an inflation rate that refuses to fall. This caused silver and gold to sell off on the market losing nearly 5% on the silver side, and nearly 2%…
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Category: Gold Collectibles
IMF Release Working Paper on Gold as an International Reserve
On January 27th, 2023, the IMF released a working paper titled, Gold as International Reserves: A Barbarous Relic No More? It was released with the hope of understanding why central bank gold purchases in 2022 rose to a high since 1967. However, before diving into the paper itself, it is vitally important we have a…
Is Silver a Better Investment than Gold?
Are you considering investing in silver as an alternative to gold? Here are five reasons why silver may be a better investment than gold. Silver is rarer than gold. One ounce of gold costs about $1,500, while one ounce of silver costs about $40. This means that there is more room for the price to…
Why are so many central banks buying gold?
In recent years, central banks have become increasingly interested in acquiring gold as an investment vehicle. The reasons for this are manifold, but they boil down to one key point: central banks view gold as a safe asset that can help them diversify their portfolios and hedge against inflation. In this article, we will explore…
Buying Gold and Silver for Christmas 2023
With the holiday season right around the corner, the panic to find the perfect gift for your loved ones begins. Christmas is among the world’s largest holidays and is celebrated by millions worldwide. This Christian holiday celebrates the birth of Jesus Christ through spending time with loved ones, decorating, and most of all, exchanging gifts….