Tag: gold

Gold on Track for Best Week in Seven

Sirhc

RPMEX: January 10, 2025

Gold prices are on course for their strongest week in seven, hitting a four-week high on Friday. This uptick is driven by growing safe-haven demand amid heightened uncertainty surrounding the policies of the incoming administration.

Recent economic data has revealed significant job growth in December, with nonfarm payrolls rising by 256,000, far exceeding expectations. This surge in jobs is a critical indicator for Federal Reserve policymakers, as they assess the need for future monetary policy adjustments. The minutes from the most recent Federal Reserve meeting raised concerns that the new administration’s policies could contribute to inflationary pressures, adding to the complexity of future policy decisions.

Despite the positive jobs report, the ADP Employment Report showed that private sector job additions were weaker than expected in December, with only 122,000 new positions, below the forecasted 136,000. Meanwhile, weekly jobless claims dropped to an 11-month low, signaling continued strength in the labor market.

Gold futures for February gained 0.7% on Thursday, closing at $2,690.80 an ounce, and have increased by 1.4% for the week. After a strong 2024, with a 27% rise—the largest annual gain since 2010—gold remains a sought-after asset. The current February contract is trading at $2,722.30 an ounce, while the spot price sits at $2,695.20. Gold’s performance in 2024 was fueled by monetary policies, economic conditions, and central bank activity globally.

The Federal Reserve has reduced its benchmark interest rates three times since September, most recently bringing them to a range of 4.25% to 4.50%. Higher interest rates typically place downward pressure on gold, as they increase the appeal of other interest-bearing investments. Currently, market expectations suggest that the Fed will maintain rates at the end of this month, with the majority of investors anticipating no changes.

Silver futures also showed strength, rising 1.1% on Thursday to $31.02 an ounce. The March contract has gained 3.2% in the first part of the week. Despite a decline in December, silver ended 2024 up 21%. The March contract is now priced at $31.35 an ounce, and the spot price is $30.52.

Palladium and platinum prices saw modest gains on Thursday. Palladium rose by 0.1% to $942.50 an ounce, while platinum increased by 0.4% to $967.10. These metals have faced challenges in recent months, with palladium down 17% in 2024 and platinum sliding by 8.4%.

Disclaimer: This editorial content is provided for informational purposes only and should not be construed as investment advice or a recommendation to engage in any specific financial transactions. The views expressed herein may not reflect the position of of RPMEX and or it’s affiliates. Always consult with a financial advisor before making any investment decisions, as market conditions can change unpredictably.

Multiple Texas Bills Look to Challenge Fiat Currency

Dean

Two Texas bills filed by state Rep. Mark Dorazio, HB1049 and HB1056, propose creating gold and silver-backed transactional currencies as legal tender in the state.

These bills would require the Texas Comptroller to issue these currencies through the Texas Bullion Depository, ensuring full backing by gold and silver. The bills aim to offer an alternative to the U.S. dollar, allowing for both physical and electronic transactions using gold and silver.

This will challenge the Federal Reserve’s monopoly on money by facilitating everyday use of sound money over fiat money, potentially driving Federal Reserve notes out of circulation.

We’ll be keeping an eye on both these bills as they make their way to the House committees on January 14th when the legislative session begins.

Capitol Building, Austin-Texas

1912 Saint Gaudens Double Eagle NGC MS65+

Sirhc

Just 2 Graded Higher

The 1912 Saint-Gaudens double eagle claims a smallish mintage of 149,750 coins. Its certified population totals in MS62 and MS63 are relatively pedestrian — about a couple thousand each — but the issue becomes more challenging in MS64, scarce in MS65, and rare in MS66 or better. What also stands out about the 1912 is its status as the only issue for the year. There are no branch mint coins to supplement the population of Philadelphia representatives.

The NGC population is only 4 with 2 graded higher.

Listed at $38,500 in the NGC price guide.

Offered at $28,250

Private, Portable, Divisible Store of Wealth. We do business the old fashioned way, we speak with you.

(800) 257-3253 | Monday – Friday | 9:00 AM – 5:00 PM CST

Pricing is based on payment either via ACH or Bank Wire Transfer and includes delivery. Add 3.5% for CC or PayPal.

1836 Block 8 Classic Quarter Eagle PCGS MS65

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Just 1 Graded Higher

A mintage of 547,986 Classic Head quarter eagles was accomplished in 1836, with eight die varieties known for the date. The varieties are divided into two main subtypes, five with a Script 8 in the date and three with a Block 8. This coin represents the Second Head of 1837 Variety 15, with a Block 8 date style and a detached berry in the olive branch on the reverse. In general, the Block 8 varieties are much more elusive than their Script 8 counterparts.

The one we offer here exhibits frosted, sun-gold surfaces, radiant luster and a very bold strike. Add to that, this coin’s splendid eye-appeal and you have a virtually irreplaceable treasure.

The PCGS population is only 3 with 1graded higher.

Listed at $57,500 in the PCGS price guide.

Offered at $53,450

Private, Portable, Divisible Store of Wealth. We do business the old fashioned way, we speak with you.

(800) 257-3253 | Monday – Friday | 9:00 AM – 5:00 PM CST

Pricing is based on payment either via ACH or Bank Wire Transfer and includes delivery. Add 3.5% for CC or PayPal.

1913-D Saint Gaudens Double Eagle NGC MS66

Sirhc

Only 1 Graded Higher (by a +)

The 1913-D twenty dollar is another well-produced issue from early in the series, one that generally shows excellent luster over sharply struck surfaces. Denver Mint coins of this era generally have those criteria in common; however, Denver and the other branch mints skipped striking double eagles in 1912, so that the 1911-D and 1910-D issues are the D-mint products immediately preceding the 1913-D. Only 393,500 examples of the 1913-D were reportedly struck, yet today examples below the Gem grade are fairly obtainable. Many of the earlier Saint-Gaudens issues such as the 1913-D avoided the mass meltings that many later dates saw by being exported to Europe or Latin America, only to be repatriated over the ensuing decades.

The one offered here exhibits attractive orange-gold color.

The NGC population is 12 with 1 (MS66+) example graded higher.

Listed at $50,400 in the CDN CPG and $42,500 in the NGC price guide.

Offered at $38,800

Private, Portable, Divisible Store of Wealth. We do business the old fashioned way, we speak with you.

(800) 257-3253 | Monday – Friday | 9:00 AM – 5:00 PM CST

Pricing is based on payment either via ACH or Bank Wire Transfer and includes delivery. Add 3.5% for CC or PayPal.

1908-S Saint Gaudens Double Eagle NGC MS62

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Lowest-Mintage With Motto Saint

The limited mintage amounts to only 22,000 coins, making the 1908-S the lowest-mintage With Motto Saint-Gaudens twenty. The San Francisco Mint did not solve all the production problems striking the new design, and double eagle production was suspended during the year. The coins would not “stack,” meaning a pile of ten or twenty coins was of different height than those of Liberty Head double eagles, confusing bank employees. High-grade coins are scarce-to-rare in accordance with the low mintage.

The NGC population is 51 with (coincidentally) 51 graded higher.

Listed at $18,600 in the CDN CPG and $21,500 in the NGC price guide.

Offered at $18,565

Private, Portable, Divisible Store of Wealth. We do business the old fashioned way, we speak with you.

(800) 257-3253 | Monday – Friday | 9:00 AM – 5:00 PM CST

Pricing is based on payment either via ACH or Bank Wire Transfer and includes delivery. Add 3.5% for CC or PayPal.

1908-D Indian Half Eagle NGC MS65

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Tied for Highest Graded

The 1908-D has a relatively low mintage of 148,000 pieces. Nonetheless, enough examples have returned from overseas bank vaults to allow collectors of the series to select a Mint State representative. The issue becomes scarce in Choice condition, and Gems are very rare.

The NGC population is only 7 with none graded higher.

Listed at $27,350 in the CDN CPG and $27,500 in the NGC price guide.

Offered at $19,690

Private, Portable, Divisible Store of Wealth. We do business the old fashioned way, we speak with you.

(800) 257-3253 | Monday – Friday | 9:00 AM – 5:00 PM CST

Pricing is based on payment either via ACH or Bank Wire Transfer and includes delivery. Add 3.5% for CC or PayPal.

Gem 1854 Type Two Gold Dollar NGC MS65

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The 1854 Type Two gold dollar is one of the two most plentiful issues of the Small Head design. The design change in 1854 accompanied a reduction in planchet thickness that allowed the Mint to make this small coin 2 mm larger in diameter. However, the thinner planchet also caused strike problems, and the Type Two design was quickly replaced in 1856 with a lower relief Liberty portrait.

Type Two gold dollars in Gem condition are scarce and highly sought-after.

The NGC population is 23 with 14 graded higher.

Listed at $20,700 in the CDN CPG and $25,000 in the PCGS price guide.

Offered at $21,100

Daily Special – AU $20 Liberties – At just 2% over melt

Sirhc

We are offering up to 150 uncertified AU $20 Liberties at just 3.75% over melt. For less than the premium of a Bullion Gold Eagle you can own nice AU Pre-33 $20 Liberties!

Based on the current spot price of $2,328, the coins are $2,336 per coin. This is subject to spot gold fluctuations, us this formula for current price (spot x .9675 x 103.75%). They are solid AU coins with a nice date mix.

Minimum order is just 10 coins. Call or email to confirm

1811 Tall 5 Capped Bust Half Eagle PCGS MS64

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The Tall 5 die marriage is scarce, and slightly rarer than the Small 5 variety, the only other known die variety of the year. These varieties are easily distinguished by the size of the digit 5 in the denomination. The half eagle coinage of 1811 consisted of 99,851 coins, according to Mint records, although the real total may have been a much smaller number. The two varieties are similar in rarity, and many of the first or Tall 5 variety were coined before other half eagles dated 1810, thus the confusion surrounding the mintage. Walter Breen suggested that over half of the mintage, or more than 50,000 coins, were actually dated 1810. Of course, there may also have been a quantity of 1811 half eagles produced in 1812 and recorded in the mintage for that year. This discussion illustrates just one of the problems facing researchers who are examining early Mint history.

The PCGS population is just 7 with 4 graded higher.

Listed at $50,400 in the CDN CPG and $47,500 in the PCGS price guide.

Offered at $44,500