US tariffs on copper imports may be coming within weeks, months earlier than Donald Trump’s original deadline for a decision, according to people familiar. He’s previously threatened a duty of 25% on one of the world’s most important metals—and it’s hurting American factories already. The price of copper traded in New York jumped to a record high. Keep on top of the latest with our tariff tracker.
Source – Bloomberg
Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) (“Vizsla Silver” or the “Company”) is pleased to announce that, further to its news release dated January 6, 2025, it has filed an independent technical report (the “Technical Report”) containing an updated mineral resource estimate on the Company’s Panuco silver-gold project. The Technical Report has an effective date of September 9, 2024, and was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) by Allan Armitage, Ph. D., P. Geo., Ben Eggers, MAIG, P.Geo., and Henri Gouin, P.Eng. of SGS Geological Services and Peter Mehrfert, P.Eng., James Millard, P.Geo., Scott Elfen, P.E., and Jonathan Cooper, P.Eng. of Ausenco Engineering Canada ULC.
The Technical Report can be found under the Company’s profile on SEDAR+ (www.sedarplus.ca) and is also available on the Company’s website (www.vizslasilvercorp.com).
Source – PR Newswire
Gold fell over 1% on Tuesday after hitting a near four-week high, pressured by a firmer dollar as investors grew cautious ahead of a potential call between U.S. President Donald Trump and Chinese leader Xi Jinping.
Spot gold fell 1.1% to $3,340.79 an ounce as of 10:21 a.m. ET (1421 GMT), after hitting its highest since May 8, earlier in the session.
“We are moving into this period that is well known to be the summer doldrums, so there’s an expectation that the gold market could fall into a bit of a lull or a sideways consolidation,” said David Meger, director of metals trading at High Ridge Futures.
“I believe the Fed is ready to begin to cut rates again, but more than likely not until September…that is another factor likely to weigh on the dollar and support gold,” Meger added.
Spot silver fell 1.2% to $34.37 an ounce
Platinum lost 0.4% to $1,059.32, while palladium was up 1.4% at $1,003.10.
Source – Reuters
I just want to keep this short because if you’re here then that means you just want to know right away so I will make this short and sweet.
OF COURSE you can buy gold and silver through reputable places that make IRAs for you but if you want to buy your precious metals and keep it safely in your own care then this is for you. I am on your side as I feel that is the easiest way to start before making it into a retirement plan.
I won’t list the IRA places because we already know those so lets do a short list of local places you can find in any state and in person.
I know, I know Walmart. One of the last places in the world I would go and maybe most people would go to buy gold. I was pleasantly surprised to see that they sell grams, bars and coins. Not to mention their jewelry. When I found out that Walmart sold gold bars I got the app right away to check it out. Honestly I’m impressed!
Going on the website you will find that there are lots of options to choose from. The smallest that I have found (in price) is 1/2 a gram of .999 fine gold bar at $73. WOW! You can also buy 1oz gold bars at various prices. All are sold from different distributors going through Walmart but it’s pretty convenient to find and that’s the greatest part about this.
I have also found some gold coins and my personal favorite (besides anything silver) is Goldbacks. The $1 Goldback is the cheapest on the website but you cannot spend everywhere and that topic is for a different post I will do here soon.
Now as far as buying in store and in person you will have to call the locations or select online to pickup in store. Taxes wise, again you will have to call and find out but other than that you can’t argue that’s pretty cool to go through your local Walmart.
For most people (like myself) would never think to go to flippin’ Costco for gold are you kidding me! But recently there have been gold sales at Costco that started in 2023. You can buy the gold but of course you have to be a member to buy. That’s the only downside but it’s easy to get one. If not, maybe you can go in person or online with your family member who does have a membership and purchase that way.
The gold is 1oz 999.9 minted bar. If they are in store you’ll have to find out from the location in your area but you might get lucky and see them there waiting for you. If you’re ordering online it might have a shipping cost and you can only get 2 per 24 hrs. As far as tax, that I am unclear on so please don’t hesitate to give them a call or email before you buy.
(I think I will have to get my membership now just to get this)
We all know (unless you’re not a seasoned investor) there are so many places that buy and sell gold. Well lets just take a moment to talk about these places.
This is probably a 50/50 for most people. Now I have not gone to a pawn shop to purchase gold but they do have gold jewelry and very nice pieces too. I will not say they are all the same because some are very nice and some are not. Remember that when you go the gold will be marked up than elsewhere in price so don’t go in blind but expect a realistic price.
At some pawn shops you may be able to haggle a price or you can trade in your personal gold for some cash. You can always walk out if the dealer doesn’t sell gold at the same or better price you found elsewhere. Generally speaking, many pawn shops will buy your gold and silver between 40 – 60% from the price you paid. So be aware before you go to the pawn shop.
If pawn shops are a maybe don’t worry there are other places to visit. The great thing about this option is that you can trade or get cash and that’s pretty nice.
These stores are not in every city or small town but if you find one you will be pleasantly surprised at what you may find.
Gold and Silver shops will have bars, coins, oz, grams and jewelry. You may also find some notes that will fetch a good price if that’s another form of investment you’d like to dip your toe into.
What’s so great about these shops is that they generally stay around the market price *no tax*. Please take that with a grain of salt. Not all dealers are the same. Talk to them and find out how they do the taxes on gold and silver bullion.
I have given more time to add a very helpful directory dedicated to finding Gold and Silver dealers in your area. There you will find gold buyer, coin sellers and buyers, collectible stores, estate buyers, and more.
Gold is rising and it doesn’t look like its slowing down anytime soon. Silver has shown to be a great hedge to inflation as well with prices getting into the $60 range. This post is to think about buying gold and silver locally, educating yourself gradually as prices constantly shift and give you some options you might not have thought of to look for this particular investment.
Gold and Silver are a great way to hedge against inflation and boost your portfolio. Having it in hand in you own personal safe is a great way to start storing your investments till you’re ready to put in an IRA.
Don’t be afraid to ask questions to any of these dealers in fact it benefits you!
Source – Money Metal
Futures are up 1.7% at $3,350.60 a troy ounce and on track for weekly gains of nearly 4%.
“Without a fundamental shift in U.S. fiscal policy, the implications of rising borrowing costs and widening fiscal deficits means the U.S. is on an unstable fiscal policy path, which could lead to heightened market volatility,” says Fawad Razaqzada, analyst at Forex.com.
Source – The Washington Street Journal
The SPDR Gold Shares ETF was up 3.3% in morning trading, according to FactSet data, at last check. That brought its year-to-date gain to a massive 30.6%.
Source – Market Watch
