January 2021 - Week 3 Edition
Gold dropped $5 last week on a temporarily stronger dollar, which is up about 1% so far in 2021. On Friday, January 15, gold fell from about $1,855 to $1,825, then reached a six-week low before rallying by Wednesday morning to $1,868. Currently, gold is caught in a tug-of-war between the bullish pull of an anticipated $1.9 trillion stimulus package and the temporary pressure of the dollar’s strength, but the dollar will likely weaken when the Fed and the Treasury pour trillions more fiat money into multiple relief efforts in the new year.
How We Can Honor Dr. Martin Luther King Jr. During Inauguration Week
When it came time for him to die, Dr. King instructed his heirs to ignore all of his life awards and merely say, “I want you to be able to say that day that I tried to feed the hungry. I want you to be able to say that day that I did try in my life to clothe the naked. I want you to say on that day that I did try in my life to visit those who were in prison. And I want you to say that I tried to love and serve humanity.”
Like Dr. Martin Luther King, Jr. and many Americans, my father had a dream. It was to assist youth in need. In that role, he served as a Louisiana district attorney during the Jim Crow era, where he was deeply involved in reforming the juvenile justice system. In his private time, he served as a volunteer with the Lions’ Clubs of Louisiana youth camps for disabled children. In my life, I try to model my father’s example as best I can.
As for the new President, if I could give him one piece of advice, it would be to take time out to watch the highly acclaimed movie, “Lincoln,” which dramatically re-enacts the passage of the 13th Amendment (ending slavery) in early 1865, at the end of the Civil War, and near the end of President Lincoln’s life. This movie dramatically shows what miracles can happen when a principled President will work through the seemingly insurmountable problems he faces in a hostile Congress – good lessons for today’s politicians!
“Project 2020” Enters 2021 With New Momentum
We announced “Project 2020” nearly a year ago as a project to “quietly” assemble an inventory of what we think will be the “cream of the crop” in the numismatic universe. These top rare coin winners are based on several factors, including sheer beauty, historical importance, popularity and low population capitalization - a coin’s value multiplied by the number of coins in a specific grade. We knew it would be difficult to find these rare coins quietly, as these coins are always hard to find in any quantity without attracting attention.
The market for many gold coins priced under $15,000 is still in high demand! For instance, Carson City-minted coins are in especially high demand. So are low-population $10 and $25 Gold American Eagles, $2.50, $3.00, $5.00 and $10.00 Indians and Type II and Type III $20 Liberty Gold. Our higher bids are attracting fewer offers, but we still have a strong inventory!
Although our bids on many of these coins are consistently rising, we continue to seek these coins because we believe they are still underpriced relative to their population size. Rest assured that we scrutinize each new purchase very carefully. We never sacrifice our standards in our quest for top quality. We buy only hand-selected, better specimens. I reject numerous low-end coins I inspect. That is why you should only buy rare coins from well-recognized experts. Each coin should have good eye appeal. When you see these coins, you will know what I mean.
Each coin is a classic piece of American history. Owning these coins is like holding history in your hands, so please call your Team Mike representative for a description of the latest batch of our fresh and quickly changing inventory of classic American gold and silver coins – but call quickly for the newest additions.
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