Is anybody else having a grand old time trying to keep up with all of the finance news?
So many things are happening in the markets and in the economy right now that is absolutely amazing. That is to say, there are some interesting things happening on Wall Street and on Main Street that will pretty much lead to direct or indirect ramifications for everybody, and as such, as we approach the end of January 2021, now would be a good time to assess a few of the more important current events.
Soon to be confirmed, US Treasury Secretary Janet Yellen made the case earlier this past week for many more trillions in stimulus and infrastructure spending. All, of course, will be financed out of thin air and rationalized given the viral shock to the economy and still current historically low-interest rate regime.
Official coin collectors are on high alert –- the new 2021 Silver Eagle design will be here by the summer of the next year!
On October 1st, the United States Mint announced the release of the new 2021 American Eagle gold and silver coin reverse designs. The new design will feature an American bald eagle flying while grasping an oak branch, in what has been described as a more natural state.
See the new design here...
Many market participants are focusing on the President today, and that would include both the departing and the incoming, but when it comes to the economy and the markets, there is perhaps an even bigger story taking place that Silver Bugs, Stackers, and other Smart Investors may want to make note of The official approval for US fiscal and monetary policies to unite and form one happy marriage. Or so market participants think.
The mainstream media is indeed rather optimistic, but here’s a little spoiler: This marriage is going to end in financial disaster, and it’s really going to be hard on the couple’s only child, the US Dollar!
This week we heard further details about more trillions in upcoming spending and even changing monetary issuance laws (for CBDCs) worldwide.
The International Monetary Fund (IMF), what critics might call a supranational leveraged buyout bank, was out this week making calls for governments worldwide to spend as much as they can.
When people want to learn how much is a silver dollar worth, it helps to begin by finding a particular silver dollar melt value at the moment.
About half of the silver dollar coins which
Unlike the ounces you find in grocery stores, a troy ounce is a unit that is commonly used to weigh physical precious metals like silver and gold.
Although their names might not indicate this, these two units (imperial vs troy ounces) are not the same weight.
Here we discuss demonstrate how many grams are in a troy ounce of silver using common silver bullion products.
Learn about grams versus troy ounce weights or you might make some costly mistakes buying and or selling bullion at incorrect price points.
In the following SD Bullion infographic, we again cover IRS bullion reporting requirements when buying bullion in the USA.
We also discuss current IRS reporting requirements if selling bullion to US-based precious metal dealers as well.
Also discussed are current general Gold Silver Tax ramifications for when you sell bullion at either a profit and or a loss (always consult a tax professional on the matter as we are not tax pros)
Where can you buy silver bullion at the spot price?
Be careful here, many offers for silver at spot price or perhaps even pricing silver under spot price is often a realm of conmen, counterfeits, and bait-and-switch deception.
We'll show you how to buy silver at spot safely here and how to ensure you do not get ripped off.
It sure seems like everything is going up in price, doesn’t it? Everything, well, except for silver, that is, which is down approximately five percent, year-to-date. In fact, just today, the US Government’s official Consumer Price Index was released for December 2020, and the numbers are starting to show what many people have been feeling all along: Rising prices.
Here are just a few of the highlights from today’s inflation report:
