Platinum

The U.S. Federal Reserve Bank (The Fed) has spoken. Its proposed remedies for the current high inflation scenario were not nearly as downbeat for precious metals as the markets suggested.

In answer to the question posed, I sincerely believe that the recent sharp dips in the gold price have indeed represented excellent buying opportunities.

Perhaps the Fed will have to act one way or the other even before its final FOMC meeting of the year, which is due to take place in mid-December.

The latest US Consumer Price Index (CPI) figure released midweek puts the country’s inflation level at a well above average 6.2% year-on-year - its highest for almost 30 years.

As we look ahead to Wholesale Coins Direct's Palladium Eagle PF70 launch and, at the same time, reflect upon the release of our suite of 2021 Platinum Eagle PF70 coins earlier this year, we thought it might be a good time to revisit the age-old debate on palladium versus platinum – how they’re similar, how they’re different, and what makes them both desirable investment metals in their own rights.

The gold price has been quite volatile of late and has largely moved on expectations of the impact of inflation on the US economy.

Probably the vital elements for gold price going forwards are the combination of interest and inflation rates.

The out-and-out silver bulls have argued that the GSR will return to what they claim to be its historic level of around 16, leading to an enormous silver price boost. 

We thank Director Ryder for his dedicated service to the U.S. Mint and welcome Alison to serve in this role.

The latest Federal Open Market Committee (FOMC) meeting has come and gone, so what have we learnt from it regarding the state of the U.S. economy, bond purchase tapering, and timing for raising interest rates?