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

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.
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The First Two Biden Years Should Be a Bonanza for Gold and Silver

As we close the book on the Trump years, it was a good time for both gold and stocks. Gold grew from $1,146 at the end of 2016 to $1,891 at the end of 2020, a 65% gain. Silver grew 63%, from $16.24 to $26.48. Despite New York Times columnist Paul Krugman predicting the stock market would crash after Trump was elected, the Dow gained 70%, from 18,000 on election night to 30,600 at the end of 2020. That was a p silver and r ke for gold, silver and the stock market? etty successful run for all three investments, helping investors’ portfolios grow.

Now, what do the next two to four years look like for gold, silver and the stock market?

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Get to Know the “Team Mike” Professionals at 1st American Reserve Working with Dr. Mike Fuljenz, America’s Gold Expert®

Chris Whiddon, a Sr. Account Manager at 1st American Reserve, has been with the company for 20 years and has a computer information systems degree from Lamar University, which he earned while also working at Sears Inc. He is married and he and his wife have a son.
 
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Precious Metals Soar as 2021 Begins

Gold soared $50 (+2.6%) and silver surged $1 (+3.8%) Sunday night and Monday morning to begin the 2021 trading year, after enjoying their best year of the past decade in 2020. Gold hit an 8-week high on a weak dollar, which fell to a 2.5-year low, based on record high deficit spending and printing of yet another round of “stimulus” checks last week. There is also more “safe-haven demand” following a surge in COVID-19 cases in the U.S., Europe and other parts of the world – which tends to boost precious metals prices.

 

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2020 in Review – Silver Beats all Stocks (and Other Metals) While “Asset Price Inflation” Soars into Double-Digits

The year just completed, 2020, was a year in which most markets rose by double digits, fueled by an unprecedented infusion of cash from the Federal Reserve and the U.S. Treasury. The Federal Reserve added over $3 trillion to its balance sheet in under four months, from mid-March to June 30, increasing liquidity to the investment community through bond purchases, while the U.S. Treasury added a similar amount in stimulus packages to the American people. Since many businesses were closed and travel was restricted, most Americans did not spend this money on goods and services, or on travel and leisure, but on investments. As a result, Bitcoin soared, as did global stock markets, residential real estate and other investments.

 

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Predictions for Gold and Silver in 2021

We’re off to a great start in 2021, but we won’t let that sway our previous forecast for 2021, made in the second week of December. We may be too conservative, but here was our forecast back then:

For Gold, I predict a six-month goal of $2,200 and a peak price of $2,350 in the second half of 2021.

Silver often acts like “gold on steroids” during a bull market, so I think it can exceed $30 this year, with a 30% gain to $32 per ounce, based on rising industrial use in solar panels plus rising investment demand. 

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Indian Gold Coins of the 20th Century Paperback

The complete comprehensive analysis for the experienced and beginning collector of the popular United States Indian gold coins minted during the 20th Century. Mike Fuljenz, one of the world's most noted authorities on coin grading and United States rare coin market, combines nearly 40 years of numismatic expertise in this industry-leading book: Date by date analysis Mint mark locations for $2.5, $5 & $10 Indian gold coins Photographs of some of the finest known specimens Collecting strategies by: Type, Mint, Year, Complete Sets, and Proof Type Comprehensive historical insights 7 different places to quickly sell your gold coins How to protect your gold coins from theft Continue reading "Indian Gold Coins of the 20th Century Paperback"

Morgan Freeman’s Christmas Music Lesson from his Mother

Image may contain: table, fire, living room and indoorAs we break for Christmas, let me leave you with a special two-minute video Christmas story as told by actor Morgan Freeman. It’s all about a lesson taught by his late mother, years ago. She taught him to play the eight piano scale notes from top to bottom with pauses. Click here to play the video, and you’ll see what I mean.

 

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Gold and Silver are About to Score Their Best Year Since 2010 – What About 2021?

Gold rose $55 last week in its third consecutive weekly gain, due in part to the passage of yet another economic stimulus package by the U.S. Congress over last weekend. Gold closed last week at nearly $1,900, its highest level since November 6. This latest $900+ billion stimulus package is bound to spur inflation in 2021 and record-setting budget deficits this year and in 2021, as well as in future years.

 

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The New Morgan & Peace Dollar Bill Passed Congress – Spurring Coin Interest in 2021

HR6192 passed the Senate last week, meaning that it will become law once the President signs the bill, marking the 100th anniversary of the Morgan dollar/Peace dollar transition year of 1921 with newly-minted editions of both series, sparking widespread new interest in both the new and old series of Morgan and Peace dollars in all their mintage years and Mint marks.  Here is their basic history:

 

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Bitcoin is Back with a Vengeance, Calling Gold “Worthless”

With so much money sloshing around, courtesy of the Federal Reserve, prices are being bid up in stocks, real estate and even Bitcoin. With Bitcoin trading near its highs from several years ago, the marketers for this new “phantom money” are out in force on the financial news channels trying to sell investors on a $19,000 “coin” that really isn’t a coin but a line of computer code somewhere in the “cloud” up there.

 

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Our 2020 Gold and Silver Price Projections Were Too Conservative! How About 2021 – Could We Be “Too Conservative” Again?

Our 2020 predictions for gold and silver turned out to be conservative. Way back in July 2019, when silver was barely $15, we “boldly” predicted $18 silver by year’s end and $20 silver in 2020. Well, we reached $18 silver in three months and $20 silver by July 2020. Then silver rose to $29 in August 2020!

 

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Silver American Eagle Sales Soar 10-Fold in November 2020 Over November 2019

During November, the U.S. Mint sold 4,805,000 one-ounce Silver American Eagle coins, more than 10 times the 463,000 coins sold in November 2019, bringing the year-to-date totals to almost a 100% gain (29.3 million ounces vs. 14.8 million last year). Gold American 

 

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America’s Gold Expert® Predicts $2,350 Gold and $32 Silver in 2021

As America’s Gold Expert®, I’m often accused of being a “cheerleader” for the precious metals and rare coins, but this year I’m actually a little more conservative than Citibank and some of the other mainstream banks.

For Gold, I’m predicting a slightly lower range than Citibank of somewhere between $2,200 and $2,350 but I don’t think gold can reach $2,200 within three months, like Citibank does.  I’m thinking it will take six months to reach $2,200 and a more likely peak price would be $2,350 in the second half of 2021.

 

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Mainstream Banks See Gold Rising to $2,200 to $2,400 and Silver Reaching $30 to $40 in 2021

Gold gained $100 in the first week of December, rising from $1,762.55 on the final November 30 London price setting to $1,865 on Monday, December 7. In the same seven days, silver is up even faster, +11%, from $22.15 on November 30 to $24.60 on December 7. The U.S. Dollar index declined about 1% in the same week, but that doesn’t account for the nearly 6% rise in gold in that same time frame. The primary engine for rising gold and silver prices seems to be the fear of another major lockdown and the increased likelihood that another major stimulus (spending) bill will pass Congress this month.

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