Legislation introduced in the House March 10 seeks a two-coin program for 2027 commemorating the 25th anniversary of the Sept. 11, 2001, terrorist attacks on the United States. The issue date is a year past the anniversary, to avoid conflicting with the semiquincentennial initiatives.
Source – Coin World
Gold tests historic highs as the strong rally continues.
A move above the $2850 level will open the way to the test of the $2900 level.
In case silver stays above the $32.00 level, it will head towards the next resistance at $32.75 – $33.00.
In case platinum settles back above the $1000 level, it will move towards the resistance level at $1025 – $1030.
Source – FXEMPIRE
Glencore has suspended production and declared force majeure on copper shipments from its Altonorte smelter in Chile due to an issue affecting the plant’s furnace, Bloomberg reported Wednesday, in a setback that comes just as traders and producers race to ship more metal to the U.S. ahead of tariffs.
Much of the copper produced in Chile is shipped to the U.S., where Comex prices have surged to record highs on worries about shortages due to tariffs; the most active Comex copper contract (HG1:COM) for May delivery hit $5.374/lb, or $11,847/metric ton on Wednesday.
Source – Seeking Alpha
“Under the proposed law, the Texas Comptroller would issue gold and silver specie (coins) through the Texas Bullion Depository and also establish gold and silver transactional currency defined as ‘the representation of gold and silver specie and bullion held in the pooled depository account,’” wrote Mike Maharrey, Communications Director at the Tenth Amendment Center. “The Depository would be required to hold enough gold and silver to back 100 percent of the issued currency.”
If approved, the bills would enable “Holders of gold and silver specie and currency to use them as ‘legal tender in payment of debt,’ in the state of Texas,” he noted. “The gold and silver-backed currency would be electronically transferable to another person. Gold and silver-backed currency would be redeemable in specie or at the spot price of gold in U.S. dollars minus applicable fees.”
Source – KITCO News
Northeast Numismatics of Concord, Massachusetts, is the lone supplier of the special 2025-dated commemorative coin altered for this occasion. “We realized we were coming up on the 250th anniversary a few years ago and got the idea to do something special,” said Northeast owner Tom Caldwell.
The five-year (2021-25) First Amendment to the United States Constitution coin series concludes this month with the release of the final issue.
The $100 platinum proof coins are priced at $1,545, and mintage is limited to 9,000. To order, visit the U.S. Mint’s website.
Source – The Reading Room
“These projections are supported by a rise in copper demand from the energy transition, electricity grids and a limited supply,” Claudia Rodriguez, Cochilco’s interim VP, said in a statement, adding that geopolitical tensions also played a role.
“Uncertainty about China’s economic recovery, tariffs implemented by the United States and the hardening of monetary policy could limit the demand for copper, affecting its price,” Rodriguez said.
It also expects Chile’s copper production to rise by 4.6% this year to 5.76 million tons and grow another 3.6% to 5.97 million tons in 2026.
Source – Mining.com
Silver has long been a fascinating investment vehicle for retirement planning, offering a unique blend of tangible assets and potential financial security. As I am continuing to learn that precious metals are a great investment, silver investments have historically provided a hedge against economic uncertainties.
Let’s explore three primary options that can help you diversify your retirement portfolio and potentially protect your hard-earned savings.
Let me be real – when I first started exploring retirement investments, silver coins were the only thing on my radar. But after doing research alternative investment strategies, I’ve learned that other silver options can be a game-changer for savvy investors.
Silver has proven to be more than just a shiny metal. It’s a strategic asset that can help balance your investment portfolio. Here’s why:
My first silver investment was a bit nerve-wracking. I remember wondering if I was making a smart move or just throwing money at a random commodity. Turns out, understanding the market dynamics is crucial.
Key factors influencing silver’s investment value include:
Ah, silver coins – where investment meets collectibility! I’ll never forget when I saw a collection of rare silver coins, each piece telling a unique story while potentially increasing in value. I grew very invested in the idea of collecting silver for myself to later put aside for retirement. It was and is a slow process for me but here are some things I’ve learned since I’ve been collecting.
Types of silver coins for investment include:
Pros of silver coin investments:
Cons and potential challenges:
Pro tip: Always purchase from reputable dealers and get proper certification for valuable numismatic coins. If you’re going to a coin show or collectable show make sure you know what you’re looking at before purchasing.
Nothing beats the simplicity of silver bullion. It’s like owning a chunk of pure potential, sitting right in your safe or investment portfolio.
Different forms of silver bullion include:
Advantages of physical silver bullion:
Storage challenges to consider:
Cost-effectiveness varies. While bullion typically has lower premiums than collector coins, you’ll need to factor in storage and security expenses.
Silver stocks represent an alternative investment strategy that allows investors to gain exposure to the silver market without physically owning the metal. Think of these as a paper representation of silver’s potential value, offering a more flexible and potentially less complicated investment approach.
Types of Silver Stocks:
Key Characteristics:
Examples of Notable Silver Mining Companies:
Unique Advantages:
Types of Silver ETFs:
Investment Dynamics:
Pros of Silver Stock Investments:
Cons and Risks:
Performance Factors:
Investment Strategy Considerations:
Tax Implications:
Recommended Allocation:
Silver stocks aren’t just about the metal—they’re about the companies’ ability to extract, manage, and profit from silver resources. It’s like investing in the potential of a garden, not just the seeds.
Practical Advice for Investors:
Emerging Trends:
Silver stocks offer a dynamic, flexible approach to silver investment. They provide exposure to the silver market with lower barriers to entry compared to physical silver, but they come with their own set of complexities and risks.
Let’s break down the key differences:
Silver Coins:
Silver Bullion:
Silver Stocks:
Silver investments offer a compelling avenue for retirement diversification, each option presenting unique advantages and challenges. By understanding the nuanced differences between silver coins, bullion, and stocks, you can make informed decisions that align with your financial goals and risk tolerance.
Remember, successful silver investing isn’t about going all-in, but about strategic allocation. Consult with a financial advisor, do your research, and consider your personal retirement objectives.
Your retirement portfolio is like a garden – diversification is key. Silver can be that interesting, potentially valuable plant that adds something special to your financial landscape.
Disclaimer: Always conduct thorough research and consider consulting a financial professional before making investment decisions.
Source – Money Metals
