Market Updates & Premiums
Daniel Reyes
Latest from Daniel Reyes
Macro Environment & Strategy
Is There a Best Time of Year to Buy Gold?
Gold opened Friday, September 11, 2026 at $4,359.40 an ounce, down roughly 1.1% from the previous close and the lowest the metal had traded since August 6. Ask around for a reason and you will get several. The August CPI report was due, expected to show consumer prices up 3.4% from a year earlier. Futures […]
Market Updates & Premiums
Why Are Silver Premiums Higher Than Gold Premiums?
Buy a one-ounce gold coin and a one-ounce silver coin on the same afternoon, and something odd turns up on the receipt. The gold coin costs a few percent more than the metal inside it. The silver coin can cost fifteen or twenty percent more, and in a busy market a good deal more than […]
Macro Environment & Strategy
Quantitative Easing and Gold Prices: What Actually Happened
The Federal Reserve spent three and a half years shrinking its balance sheet, then quietly stopped. Runoff ended on December 1, 2025. Since early January 2026 the System Open Market Account has been buying Treasury bills again, close to $250 billion of them by the start of July, and total assets stood at $6.74 trillion […]
Market Updates & Premiums
Why Coin Premiums Change When Gold and Silver Move
Anyone who has watched a dealer’s order page for a few months has noticed something strange. Spot climbs hard, and the finished coin costs less over metal than it did before. Spot collapses, and the coin stubbornly refuses to get cheap. The metal is doing one thing. The coin is doing something else entirely. That […]
Macro Environment & Strategy
The Gold-to-Oil Ratio and the Dow-to-Gold Ratio, Explained
A single number, the price of gold, tells you less than it seems. Gold at roughly $4,450 an ounce in early September 2026 sounds like a lot, and it is a record in dollar terms, but a dollar is a moving yardstick. To judge whether metal is dear or cheap against the rest of the […]
Market Updates & Premiums
Which Gold and Silver Coins Are Easiest to Sell?
Most buying guides stop at the purchase. You compare premiums, pick a coin, and the story ends when the package arrives. But every ounce you buy is half of a round trip. Sooner or later, you or your heirs will sell, and the form you chose years earlier decides how fast that happens and how […]
Macro Environment & Strategy
Does Gold Go Up When the Fed Cuts Rates?
The textbook version is tidy. The Federal Reserve lowers interest rates, gold has no yield to compete against, so money rotates into the metal and the price climbs. People repeat that story because it is right often enough. The trouble is that the historical record is far messier than the textbook, and a saver who […]
Market Updates & Premiums
Secondary Market Bullion: Why Premiums Differ From New Coins
Two American Silver Eagles can sit side by side in the same case, hold the same troy ounce of .999 silver, and carry different price tags. One is a brand-new coin fresh from this year’s production. The other changed hands a few years ago and came back to a dealer’s counter. Same metal, same design, […]
Macro Environment & Strategy