There’s no coincidence that the end of cheap monetary gold took place in 1970. It was also the year before U.S. President Nixon dropping the Gold-Dollar Peg. So, why did the era of cheap monetary gold end in 1970? Well, there were several reasons, but one factor that seems…
As the U.S.’s underlying economic conditions continue to deteriorate, watch for a major disruption in the market to occur in 2021. Millions of Americans may lose their emergency unemployment benefits while a record number faces eviction notices at the beginning of the year. While the Federal government…
The surge in the gold and silver prices today was the result of the large Dollar sell-off. The U.S. Dollar has been trading off an important support level for the past four months, but finally broke below it today, causing a nice really in the precious metals. Gold was up $40…
Investor demand for precious metals remains strong as the U.S. Mint Silver Eagle sales in November were the highest in nine months. Not only were Silver Eagle sales the highest since March, when the pandemic caused investors to wipe-out inventories, but Gold Eagle sales also jumped by another…