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2020 Update, Part 2: Silver Topped All Other Investments in 2020

Posted by 1st American Reserve on
Gold dropped $75 on Friday, January 8, from $1,910 to $1,835, driven by a dollar recovery and higher U.S. Treasury yields, as the 10-year Treasury bond yield finally climbed above 1%. However, gold had gained a quick $115 in December, so this sudden drop merely took gold back to mid-December prices Gold recovered $10 on Monday morning. If that sounds volatile, it is, but consider that in one week Bitcoin rose from $31,000 to $41,000 and then fell back to $31,000 on Monday.
On January 4, 2021, The Wall Street Journal printed its annual survey of 116 leading investment assets, divided into four categories – 46 U.S. and global stock market sectors and indexes, 42 global currencies, 18 commodities and 10 bond ETFs. The leading investment among all 116 of them was Silver, up 47.7%.

According to the Journal, Copper gained 25.77% and Gold gained 24.59% in 2020.

In the Coin Market, 2020 Silver American Eagle demand more than doubled, while demand for the Gold American Eagle grew 455%, and gold American Buffalo bullion coin demand grew nearly fourfold in 2020.  

This superb year for gold, silver and Mint sales brought many new customers into the gold coin market. As a result, we enjoyed a very good year for acquiring new customers, as did others in our industry. We know that a good percentage of new bullion customers will likely become rare coin investors and collectors over the next two years. This, in turn, drives up the demand and prices of rare coins in the rare coin market.  A number of rare gold coins increased in value more than the price of gold did during 2020

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