The silver market reflected strong underlying strength this week in overcoming short-term speculators. This is in part due to economic factors. Monday opened at $16.57, and light selling sent silver prices to $16.51 at the close. The opening bell bid on Tuesday was $16.43, which buying brought to a close of $16.51. Aftermarket selling resulted in a… Read more »
Gold started the week’s trading at $1,248.02, but selling resulted in a close of $1,243.97. Aftermarket buying saw the price move as much as four dollars higher; however, the opening trade on Tuesday was made at $1,242.41. Buyers exceeded sellers, bringing the closing gold price to $1,244.87. Wednesday opened at $1,243.18 and steady interest drove… Read more »
Every now and then, a silver coin captures collectors’ and investors’ imagination. One of the current breakout stars in the silver coin market is the 2016 Australian Silver Kangaroo Proof Coin. Sales of silver coins from the Perth Mint, especially the Kangaroo, have doubled over the past year. This outstrips demand for other coins, including… Read more »
Silver Eagles are among the most popular coins because they allow all Americans to collect and invest in beautiful precious metal coins—the ultimate safe-haven asset in times of economic and political uncertainty. History of the American Silver Eagle: From Surplus to Shortage Decades after the last World War ended, the federal government had a stockpile… Read more »
A brilliant, high relief coin, the Australian Kangaroo Gold Coin celebrates the country’s cultural heritage and indigenous wildlife, making it a collector favorite the world over. The Australian Kangaroo Gold Coin: An Emblem of Past and Present Featuring a profile of Queen Elizabeth II with perfectly coiffed hair, a tiara, and a demure expression on… Read more »
The Federal Reserve, or “the Fed” as it is more commonly known, is the central bank system of the U.S. Nearly every country has a central bank, which started appearing in Europe in the 18th century and became common in the 19th century. 1 2 Congress created the U.S. Fed with the Federal Reserve Act of 1913 and has… Read more »
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