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The second quarter is already looking better for gold. The precious metal was up almost $50 dollars during the first week of April as it moved past its key resistance level of $1,750. But what happens next is critical — can gold finally hold above this level as analysts cite strength in the metal’s latest move higher?
Here’s a look at our top 3 stories from this week:
3. After putting breaks on official gold purchases, central banks are once again interested. Hungary tripled its gold reserves to 94.5 tons. This was one of the biggest official gold acquisitions in decades. https://www.kitco.com/news/2021-04-08/Central-banks-on-gold-buying-spree-again-Hungary-triples-gold-reserves.html
2. Gold coins are in high demand as buyers are taking advantage of lower prices. In fact, U.S. Mint just saw its best start to the year in more than two decades. https://www.kitco.com/news/2021-04-06/U-S-Mint-sells-412K-ounces-of-gold-coins-in-Q1-best-start-to-the-year-since-1999.html
1. “Real assets appear cheap,” says Bank of America, adding that it might be the time to finally splurge on diamonds, precious metals, real estate, art, vintage cars, and other collectibles. https://www.kitco.com/news/2021-04-05/-Real-assets-appear-cheap-BofA-on-owning-precious-metals-real-estate-and-art.html
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My 2012 Silver Forecast
Based on fundamental, technical, and other pertinent information, I give my 2012 silver forecast. The price of silver could be in for quite a ride in 2012. Learn valuable information about silver.Build Wealth, Travel The World, And Have A Great Time Doing It
The few people I know who don’t collect coins often envision coin collectors as strange bookish recluses ensconced at a desk in a dark room with a magnifying glass staring for hours at some obscure minute and unknown variation. And, OK, that’s often true. Honestly it can be really hard competing with the adrenaline rush of other hobbies such as motorcycle riding or extreme badminton.Tax Liabilities On Precious Metal Investments
For those just starting out investing or thinking about investing in precious metals, you should be aware of the IRS guidelines on reportable sales to the IRS from a precious metals dealer. So let’s just get to it. Here is what I have found out about precious metals and taxes.Bernanke Lights the Fuse on Gold and Silver
What should really interest investors like us though is the reaction of the markets immediately after Bernanke’s statement. There were two important developments: the US dollar tanked on the foreign exchanges (despite the problems in the Eurozone) and gold and silver shot up.Private Gold And Silver Is Real Money
Throughout history a number of things have been used as a currency or medium of exchange. The inflexibility of trying to buy a suit with a few chickens when the vendor has no need for chickens, led to the creation of a more standardized method of exchange with a recognized value. The first paper money was introduced in China in the 7th century.Get Private Gold And Silver
Our world is facing unprecedented circumstances, and for this reason I believe having private gold and silver in your possession is imperative. The world has never before seen a time when the reserve currency for nearly all nations was a fiat currency. There have been thousands of fiat currencies throughout history, and all of them have failed.My 2012 Gold Forecast
There are many variables that go into a forecast or prediction. Sometimes unforeseen events can play a major factor in the price movement of a commodity, including the price of gold in 2012. What price could gold reach in 2012? This article will give you answers.The Australian Silver Kookaburra Coin Series
In 1990, the Perth Mint in Australia released the first coin in this wonderful series. As the name suggests each coin that has been released depicts the “KOOKABURRA” bird, with a new design every year.Silver Investing Tips – How Supply and Demand Effects the Price of Silver
Supply and Demand keep Silver prices in constant motion. In this article we will view how the demand in the silver market is evolving and how to determine the price of silver just be looking at its Supply and Demand Model. Here’s a small hint, Silver is a Buy and we can show you why.Central Banks Favour High Gold Prices
Gold prices are climbing on the back of a weak dollar; however, for once banks appear to want much higher hold prices, which is strange considering how until now they have done everything in their power to keep them down. Although gold prices have risen steadily for 11 years in a row, the increases have been incremental and measured. Governments have used paper futures markets and their central banks to limit the rally of precious metals as much as possible in order to keep attention away from their own failing currencies and unsustainable debt.