Market Updates & Premiums
Daniel Reyes
Latest from Daniel Reyes
Macro Environment & Strategy
Does Gold Go Up in a Recession? Seven Downturns Compared
Ask a room of coin collectors whether gold goes up in a recession and most hands will rise. It’s one of the oldest beliefs in the hobby, and it has a decent record behind it. It also has a few ugly exceptions that tend to get left out of the retelling, and those exceptions are […]
Market Updates & Premiums
What Silver Lease Rates Tell You About Coin Premiums
Spot silver sat near $61 an ounce as October opened, with gold near $4,177. Those are the numbers on the screen, and they are the ones most buyers watch. They are not the numbers that decide what a one-ounce coin costs above its metal value, and they are not where a tight physical market shows […]
Macro Environment & Strategy
National Debt and Gold Prices: What the Record Shows
Ask a room full of metals buyers why they own gold and someone will point at the debt clock. The federal government crossed $40 trillion in total debt outstanding in late August 2026, and by September 25 the Treasury’s own Debt to the Penny series put it at $40.097 trillion: about $32.39 trillion held by […]
Market Updates & Premiums
How the U.S. Mint Prices Its Gold Coins
A buyer who checks the Mint’s catalog on a Tuesday and again on Thursday morning can find the same proof gold coin carrying a different price, even when gold itself barely moved in between. Nothing improper has happened. The United States Mint reprices its collector gold on a published schedule, against a published table, and […]
Macro Environment & Strategy
Gold Price Correction History: How Deep and How Often
Gold closed Friday, September 25, at $4,284.91 an ounce. That is a fine price by any standard that existed two years ago, and it is also roughly 23% below the $5,589.38 the metal touched intraday on January 28. Both facts are true at once, which is why the same question keeps arriving in two tones […]
Market Updates & Premiums
Do You Pay Sales Tax on Gold and Silver?
Plenty of buyers will spend an afternoon shaving half a point off a coin’s premium, then hand over several times that much at checkout without a second thought. In most of the country that second number is zero, because most states decided years ago that taxing money by the ounce made little sense. In a […]
Macro Environment & Strategy
Are We Running Out of Gold? What the Supply Numbers Show
Ask a room of gold owners where their metal came from and most will name a dealer, a mint, or a grandparent’s safe deposit box. Ask where it came from before that and the answers thin out quickly. It is a fair blind spot. The gold market talks about interest rates, the dollar, and central […]
Market Updates & Premiums
How Gold Price Locks Work, and Why Your Quote Expires
Anyone who has bought bullion online has watched the little clock in the corner of the cart tick down, with a note that the price refreshes when it reaches zero. Plenty of first-time buyers read that as a pressure tactic borrowed from airline websites. It is closer to the opposite. That timer is the visible […]
Macro Environment & Strategy