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Silver up 1.2%, dollar hits lowest in months

ByVictoria

Silver gained as much as 1.2%, rising for a third day. A guage of the dollar hit the lowest in about three months, as the euro strengthened amid Germany’s plan to boost spending and loosen borrowing restrictions.

The “tidal wave” of silver risks pushing freely available silver in the London spot market below a critical threshold needed for the market to function, Daniel Ghali, a senior commodity strategist at TD Securities, recently wrote in a note.

Spot silver rose 0.9% to $32.262 an ounce as of 11:41 a.m. in London. The Bloomberg Dollar Spot Index fell 0.4%. Gold and palladium were little changed, while platinum advanced.

Source – Mining.com

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Copper Prices Surge as Market Braces for Potential U.S. Tariffs

ByVictoria
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While no official tariff has been imposed, the price gap between the CME and London Metal Exchange (LME) contracts has widened sharply, with CME copper trading at a premium exceeding $1,000 per metric ton. This suggests the market is pricing in at least a 10% tariff, though a 25% duty, similar to those on aluminum and steel, remains a possibility.

Source – Econo Times

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Gold prices fall as yield rises

ByVictoria
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Spot gold fell 0.2% to $2,634.52 per ounce by 2:27 a.m. ET (1927 GMT). U.S. gold futures settled 0.3% lower at $2,647.40.

“Bond yields are back up again, placing pressure on gold,” said Nitesh Shah, commodity strategist at WisdomTree.

“There’s speculation that Trump is going to pull back on tariffs … If (the prices of) commodities go up, inflation’s going to remain higher for longer,” Phillip Streible, chief market strategist at Blue Line Futures, said.

Source – Reuters

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2026 Red Book United States coin guide book

ByVictoria
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The 2026 edition has been “meticulously redesigned with the collector in mind,” according to the publisher.

“I am truly honored to have been part of this year’s transformation, working closely with the extremely talented and professional staff at Whitman and the invaluable Red Book Advisory Panel of more than 70 numismatic industry leaders, experts, and supporters,” said Jeff Garrett, Red Book editor and president of Mid-American Rare Coin Galleries. “Every change, from the book’s physical size to its presentation order, was carefully chosen and implemented with a single goal — to enhance the collector’s experience.”

Source – Coin World

Gold and Silver may be adopted as Legal Tender in Florida

ByVictoria
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This is revolving a bit around politics but hey we need to stay with the times when we look at our investments and retirement interests. Our investments DO revolve around what the world is going through and we need to base our decisions on real life real world problems. This is an important part of investing and paying attention to trends if you are so inclined to invest or use or investments in the direction you feel it needs to go.

Let’s stay in tune with what’s going on and learn about today’s topic.

Well, this news happened a couple days ago but it’s still relevant today as things change before we know it!

News!

Currently in Florida, there is an open House seat in District 1. Trump backed candidate Jimmy Patronis wants the Sunshine State to adopt gold and silver as legal tender and has called for a study on the issue.

“Gold and silver have been trusted assets for thousands of years, and it makes perfect sense to use them as legal tender. I’m launching this study to determine the best way to get it done,” Patronis said in a statement included in a press release earlier this week.

For the full article and source https://www.msn.com/en-us/news/politics/trump-backed-candidate-aiming-to-replace-matt-gaetz-wants-florida-to-adopt-gold-and-silver-as-legal-tender/ar-AA1vR6dn?ocid=socialshare

Additional Info

Currently there are 11 states that use gold and silver coins as legal tender Utah being the first state to do so in 2011. This is a great shift we may see as states are either moving towards it or in talks of doing this. The positive for those who live in these states is the capital gains taxes would be eliminated on sales of gold and silver.

For more info and map see source https://worldpopulationreview.com/state-rankings/gold-and-silver-legal-tender-states

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Barrick Gold Corp. stock rises

ByVictoria
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Shares of Barrick Gold Corp. 

ABX-3.10% rose 2.32% to C$26.47 Wednesday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index 

GSPTSE-0.78% rising 0.49% to 25,328.36.

Source – Market Watch

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Fort Knox US gold reserves prepares of audit

ByVictoria
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Fort. Knox’s massive reserve has reportedly been valued at $425 billion according to the New York Post, with the rest of the United States’ highly sought-after metal being stored in the Federal Reserve Bank of New York. 

Rand Paul said he has tried to get his eyes on the Ft. Knox gold for 10 years “to make sure it’s all there.”

Source – Fox News

DOGE – Department of Government Efficiency