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Here at Jack Hunt Gold & Silver we are frequently asked about the pricing and availability of “fractional” gold coins. By definition, fractional gold coins are bullion coins that weigh less than one troy ounce.
Recently lawmakers in Idaho and Arizona have passed bills removing Capital Gains Taxes from transactions involving gold and silver bullion.
Government bureaucrats, central bankers, and Wall Street executives all have reasons for ridding the masses of their cash. It should be no surprise to anyone that they are working together to achieve that goal. But why? The self interest of bureaucrats is one factor, they don’t like privacy. They dream of the day when they can access all your financial information with just a few keystrokes. The knowledge will help them more aggressively tax and regulate.
Grant Williams’ presentation from Mines & Money in London in December 2016. A follow-up to Nobody Cares which focuses on gold’s performance in 2016, the reaction to Donald Trump’s election and joins a series of dots that may lead to the end of the petrodollar system and a new place for gold in the global monetary system.
This year’s presidential elections may have serious implications for the gold market since historically elections tend to influence financial markets as a whole. There are several theories about such an impact.
When President Franklin D. Roosevelt issued an executive order in 1933 that outlawed the private ownership of gold coins, gold bullion and other forms of gold, the Federal Reserve suddenly had more gold on its hands than it knew what do with. Thus, the United States Bullion Depository at Fort Knox, Kentucky was born.
There are many drivers of precious metal prices, such as global economic growth, supply and demand, inflation expectations, interest rates, geopolitical turmoil, etc. However, one of the primary influences on the price of gold and silver, that investors must always keep their eye on, are movements in the global currency market and especially the U.S. Dollar.
Market analysts usually point to market uncertainties as factors in the pricing of commodities such as gold and oil. The ‘Brexit’ referendum and the uncertainties surrounding it has gold investors in Britain and worldwide carefully weighing both sides of the issue and the possible consequences.