My view is that the cryptocurrency has no substance behind it and that at least some of the Bitcoin sales and marketing sector is run by individuals with, to say the least, unsavory backgrounds that would imply they are attracted to get-rich-quick schemes.
The United States Mint is officially launching its 2021 Silver American Eagle Type 2 Proof coin on Tuesday, July 20, 2021, at noon Eastern Time.
In an article published Christmas last year, I took a stab at precious metals price predictions for 2021. Here is the update.
What the impact is likely to be on the gold price is a matter of some dissension among observers – most are either bullish on the gold price (some hugely bullish), or consider that things won’t change at all and the principal price driver will remain rising inflation and potential moves to control it.
It was speculated that the Fed might consider raising interest rates earlier than previous forecasts had specified but still probably not until 2023.
This week’s FOMC meeting deliberations, outcome and analysis thereof is likely to set gold and silver’s short term price patterns.
The gold price rose by around 7% in May, after a couple of weak months had set the price back well behind earlier expectations.
There are decidedly mixed views on the rate of U.S. inflation or even if it exists sufficiently enough to worry central bank policy making.
CPM Group, which is an analytical metals consultancy and commodities research and management firm, has proven, best analysis of precious metals markets and prices available.
Precious metals prices have been performing strongly over the past few weeks and one of the reasons behind this is the fear that seemingly ever-rising inflation may force the U.S. Federal Reserve to raise interest rates rather sooner than it has so far been indicating.