Author: Sirhc

Breakeven Inflation is Breaking Out

Sirhc

December 04, 2020

By Bryce Coward, CFA in Economy, Markets, Portfolio Management

Inflation expectations as priced by the Treasury market are hitting 18 month highs just now. As the reader can see, inflation expectations across all treasury maturities are at cycle highs. This is happening coincident with growing expectations for the $908bn bipartisan stimulus deal and widespread expectations that the Fed will ease in some additional way at their next meeting 12 days from now. That these two events are anticipated by the market does pose some near-term downside risk for inflation expectations, since there is now room for disappointment. Even still, keeping the long game in mind is useful. Indeed, there exist multiple structural catalysts for inflationary pressure that haven’t existed in quite some time:

  1. de-globalization
  2. USD which may be under continued pressure from massive twin current account and budget deficits
  3. the possibility that US oil production has peaked, or at least will not grow as it did last cycle
  4. raw material (especially base metal) inflation from the acceleration of green transport and power generation trends
  5. demand-pull inflation from fiscal stimulus

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1896-S Barber Quarter NGC MS65*

Sirhc

Barber Quarter “Star”

 Along with the rare 1901-S and 1913-S issues, the 1896-S quarter is unquestionably one of the top three rarities in the Barber quarter series. Just 188,039 pieces were struck. As usual, die clashing is visible within Liberty’s ear, a peculiar attribute of genuine 1896-S quarters and a quick way to help verify authenticity. The vibrantly lustrous surfaces display lovely border toning in shades of electric-blue, violet, and russet-brown. Meanwhile, ivory-gold shades at the centers resonate with silver luster. In hand, this gem is lighter, as well as more lustrous and eye-appealing than seen in our images. Including this star-designated example, the NGC population is only 7 with 2 higher.

Offered at $43,315 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

1859-O Liberty Double Eagle NGC XF45

Sirhc

A Rare O-mint $20 Lib

The 1859-O is a rare New Orleans double eagle with a small 9,100-coin mintage. Perhaps only approximately 100 pieces are known in all grades, primarily distributed throughout the various XF and AU levels. Only two Mint State pieces are documented, both heavily bag-marked. The 1859-O shares its rarity with most other O-Mint twenties leading up to the outbreak of the Civil War. After the San Francisco Mint became operational in 1854, gold deposits in New Orleans declined significantly, and large denomination gold coinage plummeted. Between 1854 and the 1909, when the New Orleans Mint ceased coin production for the final time, fewer than 115,000 double eagles were struck at that facility.

Offered at $33,750 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

1846 (Medium Date) Seated Liberty Half Dollar PCGS/CAC PR62

Sirhc

Extremely Rare

The 1846 half dollar displays two date sizes–Medium Date and Large Date. The two varieties are easily distinguished by inspection of the 4 in the date. The Medium Date 4 is connected between the lower serif of the crossbar and the base, whereas the Large Date 4 has a noticeable separation in this area. Almost all of the proof 1846 half dollars are of the Medium Date variety. The example offered here is lighter and its surfaces, noticeably more reflective, in-hand. The proof mintage is unknown. However, the number of survivors is low – probably less than two dozen. The PCGS population is only 2 with 9 higher.

Offered at $18,565 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

Gold, Stocks, & Bond Yields Surge As Dollar Purge Continues

Sirhc

by Tyler Durden

Tue, 12/01/2020 – 16:00

Since the election, and the ongoing roll out of Biden’s nominees for economic and policy teams, the dollar has been on a one-way streak lower…

The dollar is unchanged versus its fiat peers since Jan 2015…

And it appears the plunge in the dollar is being recognized by gold enthusiasts who bid the barbarous relic back above $1800, erasing last week’s end of month losses…

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