Gold rallied to another new record high early Monday, extending the rally that began after last...
Despite a spike on Friday, trading is slow as investors wait to see what the latest CPI data for June will reveal about the state of inflation when it comes out this Wednesday.
The Fed held rates unchanged last month for the first time after 10 consecutive increases, but economists are predicting that the pause in interest rates will not last long. While inflation is a driver for safe haven assets, interest rate hike cycles are considered bearish for precious metals.
We may see gold and silver go temporarily lower as they fight against the headwinds of rising interest rates, typical summer slowness, and negative market sentiment.
The good news is that premiums on silver have finally started to drop as well, making now an opportune time to add to your position. When sentiment is negative, this actually provides the best opportunity to get in while premiums and spot prices are lower.
Many analysts are predicting that silver will touch $30 an ounce before the year's end. It rose 3% in 2022 and in 2023, we're expecting more. This current dip should be treated as a temporary short-term fluctuation before silver spot prices continue to stairstep their way upwards, in lockstep with gold, as this precious metals bull market continues. Many analysts are speculating that this current bull market for precious metals will show gains that far eclipse the previous bull market highs of $50 an ounce for silver. In the last bull market, silver rose about 1,000% from it's lows.
It's not possible to say for certain what the reminder of 2023 has in store, but we know the proven power of precious metals as a hedge against inflation and economic volatility is more necessary now than ever. For that reason, we're offering 1 oz. Silver American Eagles. Premiums on silver bullion bars and coins have finally started to ease a bit, so now is an opportune time to add to your position in silver.
Today, we're able to offer 1 oz. Silver American Eagles at a lower premium than we've seen in quite some time!
Give us a call at 1-800-831-0007 or email us to place your order today!
1 oz. Silver American Eagle Coins
Just $7.99 over spot
*Prices subject to change based on market fluctuation and product availability. Prices reflected are for cash, check, or bank wire. Minimum order is 100 oz. silver. Free shipping, handling, and insurance are available for silver purchases of 500 oz. or more. Offer expires Friday, July 14, 2023, or while supplies last.
