DEVELOPING DEBT CRISES REFLECT A FRAGILE FINANCIAL SYSTEM

 

 

The market’s risk sentiment is improving, partially due to the stabilization of the Israel-Hamas conflict from the perspective of financial markets. This has impacted gold and silver, which are usually seen as safe-haven assets, leading to a decrease in their values over the past few weeks.

On Monday, gold prices experienced a slight increase, influenced by short-term futures traders engaging in short covering and investors seeking deals after recent price declines. Both gold and silver prices reached their lowest points in four weeks, with December gold futures rising by $7.150 to $1,949.39 and December silver futures increasing by $0.0420 to $22.36. The market is currently balanced, with no clear advantage for either bulls or bears in the near term, although the trend for gold prices is slightly downward. Bulls are aiming to break through the resistance level at $2,000.00, while bears are trying to push prices below the support level of $1,900.00. The immediate resistance and support levels are identified at $1,950.00, $1,965.00, and $1,935.60, $1,925.00 respectively. Silver bulls are aiming to exceed the October high of $23.88, while bears are attempting to lower prices below the October low of $20.85. The resistance and support levels are set at $22.50, $22.80, and $21.925, $21.50, respectively.

Amidst these market movements, the U.S. Treasury’s 30-year auction witnessed tepid demand, with foreign buyers reducing their interest in U.S. debt. The Treasury faces the challenge of refinancing $5 trillion in maturing debt and covering a projected $2 trillion fiscal budget deficit in 2024. Additionally, the interest expense on the $34 trillion U.S. debt is escalating exponentially, currently at $1 trillion annually. Disturbances in the U.S. Treasury market could have significant global financial repercussions.

The Federal Reserve maintains a hawkish stance on rates due to persistently high consumer prices. The dilemma they face is that loosening conditions could reignite inflation, while continued tightness could hamper economic activity, thereby exacerbating the deficit and debt issuance. This places Federal Reserve Chair Jerome Powell and the Federal Reserve in a challenging position as the Treasury prepares for a substantial increase in debt issuance.

Compounding these issues, Moody’s downgraded the U.S. credit outlook to negative, hinting at a potential Sovereign ratings downgrade amidst the Federal budget crisis in Washington. U.S. household debt has reached record highs, with consumer rates soaring above 20%. The U.S. banking system is also under pressure due to commercial real estate debt and underwater Treasury and mortgage debt portfolios. The current stability of the banking system is largely due to the government allowing banks to value their portfolios at par rather than market value, which, if not in place, would have already triggered a banking crisis.

As these debt crises unfold, physical gold and silver are increasingly viewed as means of wealth preservation outside an increasingly fragile financial system.

 

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All Updates and Market info are provided as a third-party analysis and do not necessarily reflect the explicit views of GoldClub Direct LLC. and should not be construed as financial advice.

Equity Market Sell-Off, Higher Interest Rates & US Dollar Weakness Leads Precious Metals into Advantageous Entry Level

 

Thirty-year US Treasury rates are up 80 basis points and ten-year rates are up 50 basis points during the 3rd quarter ending today. This is the largest and fastest rate of increases in decades. The Federal Reserve continues QT (Treasury bond selling) while foreigners continue their shift from US Treasury buyers to sellers. These are the consequences of the Fed keeping interest rates too low for too long; the forty-year bond bull market cycle is over.

Six months since the last bank failures, commercial real estate continues its re-pricing lower while banks grow their underwater assets of loans and bonds. The global paper derivatives market teeters as a $2 quadrillion time-bomb. Debt and currency crises may be looming as inflation continues globally with gasoline $7 in California.

Looking ahead, $2 trillion annual US Federal deficits with huge upcoming re-financings and supply of Treasuries will cast a shadow over paper assets (equity and debt).

Precious metal demand worldwide remains evident with Shanghai and Moscow premiums drawing vaulted physical supply from “West” to “East.” In 2023, new Basel III Gold NSFR regulations have prompted large Central Bank gold buying while the global process of “de-dollarization” moves ever forward. Lest not forget that global silver supply for industrial (solar and electric vehicles) and real-asset investment has been and will continue at substantial and increasing annual deficits going forward.

Buy the dip, get your physical precious metals at this advantageous entry level now.

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All Updates and Market info are provided as a third-party analysis and do not necessarily reflect the explicit views of GoldClub Direct LLC. and should not be construed as financial advice.

Best Practices for Investing in Precious Metals

 

 

As domestic traders and analysts await important U.S. data, such as the employment #’s for July and non-farm payroll numbers on Friday, the gold market dropped nearly 1 % today and continued in the range between $1,900 and $2,000.  Some could argue that we potentially reached a great time to make those long-awaited purchases before a breakout, or liquidation before further price drop action.  It is important to approach the process with a well-informed and educated mindset. There are several best practices to keep in mind when investing in precious metals that can help protect your investment and ensure your satisfaction with the final product.

 

Research

First and foremost, it is essential to conduct thorough research before making any purchases. This includes understanding the different types of precious metals available, their current prices, historical price action, and the overall market conditions. Additionally, it is important to consider the purity, weight, and type of metal you are interested in, whether it be gold, silver, platinum, or palladium.

 

Choose Reputable Dealers

In order to ensure a trustworthy transaction, it is crucial to only buy from reputable and established dealers with a proven track record of providing high-quality products and reliable service. Look for dealers who are accredited by industry associations such as the Better Business Bureau, the Certified Coin Exchange (CCE) and the American Numismatic Association (ANA).  GoldClub Direct strives to maintain 5-star service and customer satisfaction.

 

Verify Authenticity

The authenticity of the precious metal you are purchasing should always be verified through checking for hallmarks, purity markings, or certificates of authenticity. While not as common, counterfeit products are unfortunately still found in the precious metals market, so it is important to remain vigilant.  GoldClub Direct has never bought or sold any counterfeit products.  All our products come from verified Government and private Mints as well as verified market leaders and market makers.

 

Consider Storage

Another important consideration is how you plan to store your precious metals. If you prefer a tangible approach, consider investing in a secure safe or storage facility. Alternatively, entrusting your metals to a reputable vault or depository adds an extra layer of protection. GoldClub Direct works with esteemed vaults across the country, ensuring your treasures rest in capable hands. While many Precious Metals IRAs are required to be held in a depository or vault, individuals wishing to secure their metals may also opt to store it with a storage facility.  Please call one of our representatives at 800-700-4715 for help setting up a storage account.

 

Understand Fees & Taxes

It is also crucial to understand any fees associated with buying, selling, or storing precious metals. Additionally, be aware of any taxes that may apply to your purchase, especially if you plan to sell the metals in the future.

 

Start Small

Finally, if you are new to investing in precious metals, it is advisable to start small and gradually increase your holdings as you become more familiar with the market and your investment goals. Just as alchemists blend various elements to create powerful elixirs, diversifying your precious metals portfolio is key to minimizing risks. Spread your investments across different metals and consider the purity and weight of each. This strategic mix will fortify your holdings, guarding them against the uncertainties of the market. The monthly jobs reports can create waves in the market, causing fluctuations in precious metal prices. Before diving in, have a clear exit strategy in mind. Whether it’s a long-term investment or a short-term move, understanding your goals will keep you anchored amidst the market’s tides.  Precious metals tend to appreciate over a long-time span vs quickly overnight.  Rember, precious metals allow for the preservation of wealth and freedom.

 

By following these best practices, you can minimize risks and maximize the potential benefits of investing in precious metals. As the monthly jobs reports cast light on the economic horizon, the allure of precious metals glimmers ever brighter. With these best practices in your arsenal, you’re well-prepared to embark on this magical journey of investing in precious metals. Embrace the enchantment, embrace the wisdom, and may your investments shine brilliantly, enriching your life with prosperity and stability.

 

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All Updates and Market info are provided as a third-party analysis and do not necessarily reflect the explicit views of GoldClub Direct LLC. and should not be construed as financial advice.

Inflation Report Puts Pressure on Gold and Silver Prices

As the latest US inflation report for January came in smoking hot, gold and silver prices are feeling the heat with a slight dip in early US trading on Thursday. At publishing of this commentary, April gold was up $5.60 at $1850.9, while March silver increased $0.143 to $21.715. Brace yourselves, investors, as the US economic data due for release on Thursday includes a ton of hotly anticipated updates, such as the weekly jobless claims report, the producer price index, the Philadelphia Fed business survey, and new residential construction. Not to mention, several Federal Reserve officials are slated to give speeches today.

Despite the technical advantages held by the gold futures bulls, prices are in a fledgling downtrend on the daily bar chart. The bears’ next near-term downside price objective is to push futures prices below solid technical support at $1,800.00, which could spell trouble for the shiny metal. First resistance is seen at Wednesday’s high of $1,870.90, and then at this week’s high of $1,881.60. First support is seen at this week’s low of $1,839.30 and then at $1,830.00. Similarly, the silver bears hold the overall near-term technical advantage, with prices in a fledgling downtrend on the daily bar chart. The silver bulls’ next upside price objective is to close March futures prices above solid technical resistance at $23.00, while the next downside price objective for the bears is to close prices below solid support at $21.00. First resistance is seen at Wednesday’s high of $21.875, and then at this week’s high of $22.085. Next support is seen at this week’s low of $21.41 and then at $21.00.

While global stock markets are mostly higher, US stock indexes are pointing toward a lower opening when the New York day session began. In overnight news, the ongoing tension between China and the US escalated as China blacklisted US companies Lockheed and Raytheon, both major US defense contractors. This move comes after the US blacklisted six Chinese companies linked to the Chinese spy balloons. What does this mean for the market? Only time will tell, but it could lead to some serious turbulence.

The US dollar index is weaker on a corrective pullback from recent good gains that saw the index hit a five-week high on Wednesday. Nymex crude oil futures prices are slightly up, trading around $78.75 a barrel. On the other hand, the yield on the benchmark US 10-year Treasury note is presently fetching a hefty 3.788%, giving traders something to chew on.

Watch out, investors, as gold’s high-convexity allure may be on full display over the next couple of months. With the Federal Reserve taking its benchmark to at least 5.25%, pushing real rates higher, gold is likely to stay tethered around $1,800 an ounce. This could induce short-straddle expressions in the interim. The hotter PPI report falls into the camp of the US monetary policy hawks, who want to see the Fed continue to raise US interest rates to choke off problematic price inflation.

Don’t forget to visit our gold and silver new arrival pages for the newest product releases and to stay tuned for more market updates!

All Updates and Market info are provided as a third party analysis and do not necessarily reflect the explicit views of GoldClub Direct LLC. and should not be construed as financial advice.

King Charles III, The New Face of British Coinage

In recent months, Britain has continued its mourning after the passing of Queen Elizabeth II in September 2022. As they heal, many changes have begun with the adoption of King Charles III on coinage and banknotes. The King has not officially been coronated, with the coronation of King Charles and his wife, Camilla, scheduled for Saturday, May 6, 2023. The long period with no official monarch is a long-standing tradition that the country remains in mourning for an appropriate amount of time.

As noted in the GoldClub Review earlier this year, the Royal Mint unveiled the new portrait of King Charles III in October 2022. The design was created by British sculptor Martin Jennings. Jennings is a well-respected artist, known for his ability to capture the likeness and personality of his subjects in his sculptures. The portrait was sculpted from a photograph of the King and incorporates elements from iconic portraits of other monarchs from Britain’s vast history of coinage. This design has been personally approved by King Charles III.

One of King Charles III’s main priorities is sustainability. The royal household advised major governmental organizations to take this into account with the change in the monarchy. The Royal Mint, Royal Mail, and Bank of England all announced the change of effigies will take place gradually to lower the cost and environmental impact. New coinage and banknotes will be produced to replace old, worn-out currency, but banknotes featuring Queen Elizabeth II will continue to circulate. Currency featuring Queen Elizabeth II is expected to be in circulation for at least 20 more years. King Charles will be only the second monarch to be featured on banknotes, as Queen Elizabeth II’s effigy only began appearing on banknotes in 1960.

Updated Features

The new design differs from Queen Elizabeth II’s effigy in a few ways. The new portrait shows King Charles III in left-profile relief, opposite his mother’s. It is a tradition in the monarchy to change the direction the monarch faces when every new monarch comes into power. The King is also portrayed without a crown, contrasting many of Queen Elizabeth’s effigies. Surrounding the portrait is the inscription “• CHARLES III • D • G • REX • F • D,”  which translates to “King Charles III, by the Grace of God, Defender of the Faith” in Latin.

The first coins to feature this effigy were the 50 pence coin and the commemorative £5 coin. The coins’ releases were meant to honor the life of Queen Elizabeth II. The 50 pence coin features King Charles III on one side and a design highlighting the 1953 coronation of Queen Elizabeth II on the reverse side. 9.6 billion coins are going to be produced to honor the Queen’s 96 years of life. The reverse of the commemorative £5 coin features two portraits of Queen Elizabeth II designed by artist John Bergdahl.

Obverse and Reverse

The first 2023 Britannias to include King Charles III on the obverse have now been minted and are available to order from GoldClub Direct. The reverse face of the coin remains the same design. For a limited release, the Royal Mint produced 2023 Britannias that featured Queen Elizabeth II as they were adapting to the largest change in British coinage in decades. Throughout this year and in future years, more and more bullion products from the Royal Mint will feature King Charles III. 

It is not only British coinage that is affected by this change. All members of the British Commonwealth also feature the monarch on their currency. Countries like Canada, Australia, and others will also change their currency to feature King Charles III. These portraits could be different from those of the Royal Mint as each sovereign mint has the ability to create its own design.

2023 Gold and Silver Britannia’s and other King Charles III coinage available now!

If you are looking to be one of the first investors or collectors to get your hands on bullion coins featuring King Charles III, check out GoldClub Direct for some of the lowest prices on the internet. Please don’t hesitate to reach out to GoldClub support specialists for any questions you may have. They are reachable by phone at 1-800-700-4715, by email at [email protected], or through the live chat feature in the bottom right-hand corner.

All Updates and Market info are provided as a third party analysis and do not necessarily reflect the explicit views of GoldClub Direct LLC. and should not be construed as financial advice.

Introduction to Precious Metals Investment Strategy Theory: Dollar-Cost Averaging

Most things in life don’t come with “free trials” or “investment insurance” and starting something is never easy; we all have different goals, risk tolerance and time horizon. When it comes to investing in precious metals, it can be difficult to know where to start and how to come up with a personal investment strategy that works for you.  For many, the journey begins with a desire to protect family wealth and diversify one’s portfolio. As the global economy becomes increasingly uncertain and markets become more volatile, many look to find a way to protect investments from potential downturns.

Enter the potential benefits of investing in precious metals.

It is quickly evident that precious metals have a low correlation with other asset classes and can act as a “safe haven” investment during times of economic turmoil. This makes them an attractive portfolio diversification tool.

There are several different strategies that investors can use when investing in precious metals. Some examples include:

·         Physical ownership: This strategy involves physically owning the precious metal, such as buying gold or silver coins or bars. This can be a good option for investors who want to have direct control over their investment and the ability to physically hold and store the metal.

·         ETFs and Mutual Funds: This strategy involves investing in exchange-traded funds (ETFs) or mutual funds that track the price of precious metals. This can be a good option for investors who want to gain exposure to precious metals without the hassle of physically storing them.

·         Mining stocks: This strategy involves investing in companies that mine and extract precious metals. This can be a more speculative option, as the performance of mining stocks is often closely tied to the price of the underlying metal.

·         Options and Futures: This strategy involves buying options or futures contracts on precious metals. This can be a more advanced and risky strategy, as options and futures trading involves significant leverage and can result in large losses if not executed properly.

·         Collectible Coins: This strategy involves investing in rare and collectible coins, which can appreciate in value over time due to their rarity and historical significance.

·         Allocation strategy: This strategy involves allocating a specific percentage of a portfolio to precious metals. This can be a good option for investors who want to diversify their portfolio and gain exposure to precious metals without over-allocating to the asset class.

 

Dollar-cost averaging

While many of the above options pose as suitable starting points, let’s take a closer look at one of the most commonly used strategies when combining physical acquisition with an allocation strategy. The first thing to understand about  Dollar-Cost Averaging (DCA) is that it is a way to reduce the risk of market timing. DCA is a popular investment strategy that involves investing a fixed amount of money at regular intervals, regardless of the price of the asset. This strategy is often used by investors when buying stocks, but it can also be applied to investing in precious metals, such as gold and silver. DCA can be an effective strategy when investing in precious metals and can help mitigate the risk of market volatility.

 When investing in precious metals, it can be tempting to try to time the market by buying when prices are low and selling when prices are high. However, this can be a difficult and unreliable strategy, as predicting the direction of the market is never certain. DCA helps to mitigate this risk by investing a fixed amount of money at regular intervals, regardless of the current price of the asset. This means that investors are buying precious metals at different prices, which helps to average out the cost of their investment over time.

DCA is also effective at mitigating the risk of volatility. Precious metals are known for their volatility, and the prices of gold and silver can fluctuate greatly over short periods of time. This can make investing in precious metals a risky proposition for some investors. However, DCA helps to mitigate this risk by investing a fixed amount of money at regular intervals, regardless of the current price of the asset. This means that investors are buying more precious metals when prices are low and less when prices are high. This helps to reduce the overall volatility of the investment and ensure that investors are not buying at the top of the market.

Another advantage of DCA is that it encourages long-term investing. When investing in precious metals, it can be easy to get caught up in short-term fluctuations in the market. However, DCA encourages investors to focus on the long-term by investing a fixed amount of money at regular intervals. This helps to ensure that investors are not swayed by short-term market fluctuations and are instead focused on the long-term potential of their investment.

DCA is also a simple and easy strategy to implement. Unlike other investment strategies, which can be complex and difficult to understand, DCA is a straightforward and easy-to-implement strategy. All an investor needs to do is decide how much they want to invest, and then invest that amount at regular intervals. This can be done through a broker or a precious metals IRA, and it can be automated so that the investor does not have to worry about timing the market.

Finally, DCA is a cost-effective strategy. When investing in precious metals, investors often must pay a premium for the metal, which can be a significant cost. DCA helps to mitigate this cost by investing a fixed amount of money at regular intervals, regardless of the current price of the asset. This means that investors are buying precious metals at different prices, which helps to average out the cost of their investment over time. Moreover, investors are likely to closely mirror the 50- and 100-day moving averages by engaging in this type of strategy.

It is important to note that there can be some drawbacks to this strategy:

·         One of the downsides of DCA is that it may not take advantage of market opportunities and result in a higher overall cost for the investment.

·         Another downside is that it may not be suitable for investors with a short-term time horizon and for those looking for a quick profit.

·         DCA may not perform well in a rapidly rising market, as it may lead to buying more of the asset at higher prices, lowering the potential return on investment.

·         It can be a costly strategy as it requires regular contributions to the investment regardless of market conditions, which can be a burden for some investors.

While there is no free trial, DCA does offer a way to test a market and investment while minimizing upfront risk. Dollar-cost averaging is a powerful strategy that can help investors mitigate the risk of market volatility and encourage long-term investing when it comes to precious metals. It is simple, easy to implement and cost-effective. By investing a fixed amount of money at regular intervals, regardless of the current price of the asset, investors are able to average out the cost of their investment over time, which helps to reduce the overall volatility of the investment and ensure that they are not buying at the top of the market.

It is important to note that, like any investment strategy, DCA doesn’t guarantee profits or protect against losses. It’s always important to do your own research.

All Updates and Market info are provided as a third party analysis and do not necessarily reflect the explicit views of GoldClub Direct LLC.. and should not be construed as financial advice.

The Future of Gold and Silver: Prices, Predictions, and More

As investors and traders look to research and forecast for 2023, one of the most important questions on their minds is what the economic outlook of gold and silver will be. With gold and silver being two of the most popular and valuable commodities in the world, understanding the potential price movements and predictions for these precious metals is essential for anyone looking to make informed decisions in the financial markets. 2022 once again provided evidence of how gold preserves when there is turbulence in the market. Are we in for a record bearish or bullish year? Let’s explore the future of gold and silver, looking at prices, predictions, and more.

1. Gold and silver prices have been on an upward trend since the second half of 2022, with gold prices seeing an increase of over 10 percent in Q4.

2. Analysts predict that gold and silver prices will continue to rise in the coming years, with some expecting a bullish outlook for 2023.

3. The US dollar is expected to remain weak in the coming years. Keep an eye on central bank interest rates.

4. Global geopolitical tensions are expected to remain high in the coming years.

5. Gold and silver prices could be affected by key races for governor, mayor and other offices, indicating momentum for the direction of the US presidential election in November 2024.

Overview of Gold and Silver

Gold and silver (next to currencies and bonds) are both considered safe-haven assets, meaning they tend to increase in value during times of economic uncertainty. As such, gold and silver’s price range tends to move inversely to the stock market, meaning that when the stock market is down, gold and silver prices tend to go up. Gold and silver prices are also affected by supply and demand, as well as geopolitical events. Factors such as GDP growth, inflation, and currency exchange rates will all play a role in determining the price of gold and silver.

When it comes to predicting the future of gold and silver prices, there are a few different factors to consider. First, it’s important to look at the current economic environment. If the economy is strong and there is low inflation, gold and silver prices tend to be lower. On the other hand, if the economy is average-to-weak and there is high inflation, gold and silver prices tend to surge higher. It’s also important to look at the physical demand for gold and silver. If institutional, retail, and industrial demand is high, prices tend to increase. Conversely, if demand is low, prices tend to decrease- while if they drop too low, supply will dwindle.

Traders can utilize strong technical indicators to better anticipate price fluctuations and still provide the wrong results due to unforeseen geopolitical activities. If there is political or economic instability in a particular region, gold and silver prices tend to receive a boost. Looking along party lines: when a Democrat is in office metals prices tend to rise, while Republican leadership typically pushes prices down.

II. Economic Outlook for Gold and Silver in 2023

Overall, the economic outlook for gold and silver in 2023 should yield positive energy. As the global economy continues to recover from the pandemic, demand for gold and silver is expected to remain strong. Additionally, geopolitical events such as the Ukrainian invasion will continue to stoke metals prices. Rising inflation in the US leading to expanded global recession pressures could also have a broader impact on gold and silver prices. And while the dollar had a strong annual performance, last year’s gold rally in December showed that the greenback is weakening. The rally doesn’t show any signs of stopping, trading above the 50-day moving average and likely pushing above $1,900. The market’s consensus seems to indicate a more severe downturn is still on the horizon in the short term.

Furthermore, the introduction of new technologies and alternative investments could reduce the appeal of gold and silver as safe-haven assets. While Cryptocurrencies may have lost their luster in recent months, it will be interesting to see how they will rebound in the new year. It’s possible many who favored crypto yet again revisit precious metals as a safe haven asset.

Gold and silver are two of the most important commodities in the world and understanding the future of these precious metals are essential for anyone looking to make informed decisions investing in the financial markets. Will we see any additional unexpected geopolitical activities impact the market? Or perhaps a new trend on TikTok where Gen Z falls in love with physical metals! Overall, the economic outlook for gold and silver in 2023 is positive, and it’s likely that prices will remain high. While easing tensions in Ukraine and Russia could help lower prices, It’s hard to imagine prices falling to pre-covid levels. As such, it is impossible to predict the prices of gold and silver for 2023 accurately. However, by monitoring the market and staying informed of global events, investors can make informed decisions, rather than those based in fear and greed, about when to buy and sell gold and silver.

Don’t forget!  GoldClub Direct currently has 2023 American gold and silver eagles in stock and ready to ship!

 

All Updates and Market info are provided as a third party analysis and do not necessarily reflect the explicit views of GoldClub Direct LLC.. and should not be construed as financial advice.

Where can I store my precious metals in 2022?

Storage of precious metals has often been thought of as a deterrent when buying precious metals, when compared to buying stocks or other digital assets that do not demand storage(although personal storage has become popular in these areas as well). Although storage does add an extra step, it should not deter you away from buying these commodities.  There are many different places to store precious metals. Each site has its advantages and drawbacks. This article will go over some popular choices of where investors tend to store their assets.

 

Home Safe

A typical storage place for precious metals is a home safe. If your house has space to install a home safe, this could be an intriguing option. It offers quick access in emergencies and controllability. It is important to know there is always the possibility of theft or damage from natural disasters, so high-quality safes that are fire-proof and water-proof might be worth the extra costs.

 

Hiding Spots

Another in-home option is to hide the precious metals throughout the property. This option can also be at risk of theft or natural disaster, especially if you tell others where you are hiding the assets. Hiding spots can include in drawers, in the walls, in the attic, buried in the ground, etc.  The more creative the hiding spot, the better. This is the cheapest option available.

 

Bank Safety Deposit Boxes

Safety deposit boxes are another option for precious metal investors. This is less common because the boxes tend to be too small to fit a large amount of metals and access to the box is limited to the bank’s hours. Safety deposit boxes are also not FDIC insured but are still under the control of the banking system. If the banking system was to crash, you would not be insured for your investments being held by the bank.

Third-Party Depository

Many storage facilities around the world will store your precious metals for a fee. These facilities are usually high-tech and insured, meaning you can rest easy knowing your assets are safe. Depositories offer segregated or non-segregated storage, meaning you can keep your metals separated from other metals, or in a more communal storage area. Depositories are also necessary if you are looking to add precious metals to a self-directed IRA. If you are looking for a trustworthy storage facility, AMGL is GoldClub Direct’s preferred depository.

 

All Updates and Market info are provided as a third party analysis and do not necessarily reflect the explicit views of GoldClubDirect LLC.. and should not be construed as financial advice.

How should I care for my precious metals in 2022?

As the holidays approach, it is a great time to reflect on how we maintain important aspects of our health and lives and give thanks for all our blessings. In the same vein, it is important when receiving precious metals to understand how to care for the product. Using the appropriate methods can help to maintain the value of your asset.

Upon arrival, handling the coin with care will help to preserve the condition. Before holding the product, it is recommended to wash your hands and use hand sanitizer. Only handle the product when it is necessary to do so. For collectible products, it can also help to hold the coin or bar by its edges, so as to not get fingerprints on the obverse or reverse. If available, use lint-free cotton gloves to handle the asset to avoid fingerprints.

Another helpful tip is to prepare a cleaned area for you to place the asset. A piece of cloth or towel can help to reduce unnecessary contact with dirty surfaces. A soft texture can also help to reduce any damage if the commodity is accidentally dropped.

When handling different metals, it is also smart to keep the products separate and clean your hands when switching between products. This will ensure no dirt from one metal can tarnish the other metal. Avoid breathing over the products to keep damaging moisture away from the assets.

Many people believe cleaning a precious metal product can add value to it. This is a large misconception. Cleaning a coin can damage the coin and lower its value. Many collectors would rather have an original product with some blemishes than an incorrectly cleaned product.

If cleaning your asset is necessary, it is suggested to only clean the most superficial layer of the product. This will help to keep the precious metal fully intact. Only use mild soap and water. Specialized polishers can corrode the metal. Once washed, pat dry with a soft towel, being careful not to scrub, as this can scratch the surface. Dry completely before returning the product to storage.

Storage is also a very important aspect of caring for your metals. Store your metals in a cool, dry place. The best containers for precious metals are airtight and natural to prevent any moisture from getting in and to keep corrosive elements away from your assets. Just as with handling, it is essential to separate tarnished metals from untarnished metals to prevent cross-contamination. By following all of these steps, you will be able to care for your products to ensure quality and value remains.

All Updates and Market info are provided as a third party analysis and do not necessarily reflect the explicit views of GoldClubDirect LLC.. and should not be construed as financial advice.

Starting a coin collection in 2022

Many people want to start a coin collection, but don’t know where to start. This blog is a guide for prospective collectors looking to get their first coins. 

Collecting coins is a hobby that has many different avenues. Coin collecting for one person can be completely different than it is for another.  In general, people collect coins based on the design, country of origin, year, finish, mint mark, artist, denomination, etc.

 If you are looking to start collecting but do not want to spend a lot of money, you can start with coins you might already have. Popular beginner collections include getting a coin from every state or every year of mintage. Lincoln pennies are a good starting point, as they are still in circulation or can be purchased for a low cost at many online retailers, or at coin shows and dealerships. Another common collection set is Indian Head pennies.

Coin collecting is all about what you like. There is no right or wrong answer to what you should collect. If a set interests you, then start collecting that set. Once you start building your collection, make sure you handle your coins correctly. Coins can easily be scratched or start showing blemishes, so they should always be kept in a safe dry place. 

Research is one of the most important aspects of collecting. If you want to learn about all the United States coinage, buy The Guide Book of United States Coins, more commonly called the Red Book. Knowing about the coins you have, or want to buy, is very important to understand the value of the coins. This book will also teach you the history of each coin, and all the necessary information to become an advanced numismatist.

Another way to gain more experience in coin collecting is by joining a coin club. Coin clubs allow you to share information and speak with other enthusiasts about collecting. There are local and national coin clubs, depending on your preference. The American Numismatic Association has a directory available of coin clubs across the nation.

With the right plan, coin collecting can be a hobby that lasts a lifetime. Coin collecting should be an enjoyable adventure filled with passion and interest.

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