Gold Achieves Liftoff as Prices Rocket Toward $1,400 an Ounce
Bloomberg
"Until this month, gold held claim to the title of being one of the most boring asset classes. Prices barely budged and popularity was fading. Now that’s all changed. Over the past few weeks, a clear bull case has started to emerge. A key resistance level has broken. Investors are pouring money into exchange-traded funds. The dollar is weakening and the U.S. Federal Reserve seems to be charting a path to cut interest rates. Meanwhile, China is on a buying spree to stock up reserves. “It has been a long wait,” said Mark O’Byrne, research director at GoldCore Ltd. “Gold has finally broken out, we nearly touched $1,400.”"
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1 oz Canadian Gold Maple Leaf .9999 fine Gold Random Year 1 oz. RCM $50 Coin
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United States Circulating Coin Values
This table does not reflect U.S. Mint production costs, but the pure base metal value that composes the coin. Calculations are based on coin weight, metal composition, and base metal prices. The "Metal % of Face Value" column represents the percentage of metal that comprises the denomination's purchasing power. A coin that is over 100% in this category has more base metal value than purchasing power.
Table based on June 20, 2019 mid-day base metal prices:
Copper $2.6878/lb  0.0342 |
Zinc $1.1662/lb  0.0016 |
Nickel $5.4830/lb 0.0830 |
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United States Circulated Silver Coin Values - Updated Every Minute
These coins were in standard circulation until silver was removed from all coinage in 1965 and 1970 (40% silver half-dollars). I recognize that the silver Eisenhower dollar was issued as a collectible only, but I'm still categorizing it with this group. This table illustrates how far the metal value has progressed compared to the denomination's purchasing power after the debasement.
Table based on June 20, 2019 4:03 PM PDT silver prices:
Silver $15.45/oz 0.02
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