Metals update

-

 5-31-21

Silver is staying pretty steady and gold is back to 1,900 usd a troy oz.  Copper is at 4.70 a lb!

Make sure to follow wallstreetsilver on reddit if you like silver. 

Happy collecting!


Comments

Post a Comment

Popular posts from this blog

Roman coins with value and numismatics coins

-
Image
  Roman coins can vary widely in value depending on factors such as rarity, condition, historical significance, and demand among collectors. Here's a list of some valuable Roman coins, though keep in mind that specific values can fluctuate over time and based on individual circumstances: 1. **Gold Aureus**: The Aureus was a gold coin used in Ancient Rome and was often minted to commemorate important events or rulers. Some Aurei can be extremely valuable, especially those featuring famous emperors like Julius Caesar or Augustus. 2. **Silver Denarius**: The Denarius was the standard silver coin of Ancient Rome, and many variations exist with different emperors, designs, and mint locations. Rare Denarii in good condition can fetch high prices among collectors. 3. **Bronze Sestertius**: The Sestertius was a large brass coin often used for major transactions. Some Sestertii, particularly those featuring notable emperors or rare designs, can be quite valuable. 4. **Roman Provincial...
Read more

U.S. Treasury to Retire the Penny in 2026: End of an Era for the One-Cent Coin

-
Image
  The U.S. Treasury Department has officially announced plans to cease production of the penny starting in early 2026, marking the end of over two centuries of minting the one-cent coin. This decision follows a directive from President Donald Trump in February 2025, aimed at reducing government spending by eliminating the costly production of pennies.   Why Is the Penny Being Phased Out? Producing a single penny costs approximately 3.69 cents, nearly four times its face value. In 2024 alone, the U.S. Mint spent over $85 million to produce 3 billion pennies, resulting in a significant financial loss. By halting penny production, the Treasury anticipates saving about $56 million annually.   The penny's diminished purchasing power and limited use in daily transactions have also contributed to the decision. With the rise of digital payments and a general decline in cash usage, many pennies end up unused or discarded, leading to a continuous demand for new coins. ...
Read more

Gold vs Silver investing 2024

-
Image
 Investing in gold and silver are both popular options for those looking to diversify their investment portfolios and hedge against economic uncertainty. Here are some key points to consider for each: **Gold Investing:** 1. **Historical Store of Value:** Gold has been used as a store of value for thousands of years, making it a popular choice for investors seeking stability during economic downturns. 2. **Liquidity:** Gold is highly liquid, meaning it can be easily bought, sold, and traded worldwide. It has a well-established market with numerous avenues for investment, including physical gold, gold ETFs (exchange-traded funds), and gold mining stocks. 3. **Safe-Haven Asset:** During times of geopolitical tension or economic instability, gold often performs well as investors flock to safe-haven assets. 4. **Inflation Hedge:** Gold is often considered an effective hedge against inflation, as its value tends to increase during periods of high inflation. **Silver Investing:** 1. ...
Read more