Gold and silver have pulled back on profit-taking this week after the tremendous rally sparked when the Federal Reserve cut interest rates mid-month.
Monetary policy is set to continue loosening, with further rate cuts looking likely for November. The Fed lowered interest by 50 basis points to 4.75% to 5.00% in September. Interest rate cut cycles are typically bullish for precious metals, increasing their appeal as alternate investments as the dollar decreases in value.
So, the current pullback is the exact type of opportunity that investors should be looking for in the current bull market.
As precious metals continue to stairstep towards highs in this ongoing bull market, temporary dips provide opportunities for savvy investors to strengthen their positions in gold and silver.
Gold is attracting significant attention this year as it continues to shoot for new all-time highs, but surprisingly, it is not the best-performing asset in the precious metals sector.
Gold is up roughly 27% since the beginning of the year, and is unlikely to stop any time soon.
Silver is up about 32% for the year as well, and historically tends to overtake any gains in gold, so the end of year gains could be significant. Silver is up 9.2% for September after gaining 0.7% in August, closing last week at an 11-year high. In 2020, gold saw gains of 25%, but silver rose by 48%! Both metals are likely to eclipse those gains in 2024 with the current market situation.
One of the best ways to own silver is in the form of pre-1965 silver dimes, quarters, and half dollars, otherwise known as junk silver.
If divisibility and diversification are priorities for you, we recommend taking advantage of lower spot prices and relatively low premiums to add silver to your portfolio today.
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Don't miss out as silver climbs to highs and gold continues to make history. You cannot afford to be left behind. Give us a call at 1-800-831-0007 or email us to place your order today!
Mixed 90% Junk Silver Halves
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*Prices subject to change based on market fluctuation and product availability. Prices reflected are for cash, check, or bank wire. Minimum order is $100 Face Value of junk silver. Free shipping, handling, and insurance are available for purchases of $500 Face Value of junk silver or more. Offer expires Friday October 5,, 2024, or while supplies last.