AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.
4/22/2024:Middle East on the brink!
Source:
Greetings!
Gold rallied to a series of new record highs last week as global investors fled to safety because of the escalating conflict between Israel and Iran. While the two nations appear to be pulling back from the brink, drawing the gold price down from recent highs, the situation remains highly explosive—and so does the potential for gold.
In this very brief AGE Gold Commentary, I lay out the dramatic and dangerous events in the Middle East and discuss in detail the likely consequences for gold and silver. I'll analyze the latest charts to give you a clear idea of the support and resistances levels for both metals. And I'll tell you what to expect if the conflict escalates further or de-escalates from here.
I'll also alert you to a superb opportunity in the current gold market. $20 Saint-Gaudens double eagles in Mint State 65 are currently trading at a premium over gold content of just under 20%. This is the lowest premium on record, reached only once before, when gold skyrocketed at the beginning of Covid in 2020. These fabulous pre-1933 US gold coins are scarce, popular, and a fantastic bargain relative to gold bullion right now.
Please call us at 1-800-613-9323 and we’ll be happy to help you.
And please join me for this brief but important Gold Commentary by clicking the link below. You can also view this video on the AGE YouTube channel, which includes a transcript.
AGE's Gold Commentary
AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.
4/22/2024: Middle East on the brink!
Source:
Greetings!
Gold rallied to a series of new record highs last week as global investors fled to safety because of the escalating conflict between Israel and Iran. While the two nations appear to be pulling back from the brink, drawing the gold price down from recent highs, the situation remains highly explosive—and so does the potential for gold.
In this very brief AGE Gold Commentary, I lay out the dramatic and dangerous events in the Middle East and discuss in detail the likely consequences for gold and silver. I'll analyze the latest charts to give you a clear idea of the support and resistances levels for both metals. And I'll tell you what to expect if the conflict escalates further or de-escalates from here.
I'll also alert you to a superb opportunity in the current gold market. $20 Saint-Gaudens double eagles in Mint State 65 are currently trading at a premium over gold content of just under 20%. This is the lowest premium on record, reached only once before, when gold skyrocketed at the beginning of Covid in 2020. These fabulous pre-1933 US gold coins are scarce, popular, and a fantastic bargain relative to gold bullion right now.
Please call us at 1-800-613-9323 and we’ll be happy to help you.
And please join me for this brief but important Gold Commentary by clicking the link below. You can also view this video on the AGE YouTube channel, which includes a transcript.
Sincerely,
Dana Samuelson
President