July 2026 - Week 2 Edition
Happy Birthday, America: Take This Quick “America 250” Trivia Quiz
See if you can answer at least two or three of these four questions on “America 250” right:
Four Questions (answers below):
#1: There is a higher court above the U.S. Supreme Court. Where is it located?
#2: What famous U.S. deaths (and a famous birth) took place on July 4, 1826?
#3: What is the Origin of the Oval Office?
#4: What is the official name for “America 250” among academia and the press?
Answers:
1: There is a basketball court on the fifth floor of the Supreme Court building in Washington, DC. Staff, lawyers and Justices call it “the higher court.”
2: Thomas Jefferson and John Adams died on July 4, 1826, the 50th anniversary of the Declaration. Also, America’s first great songwriter, Stephen Foster, was born that day.
3: George Washington’s Revolutionary War command center for the Continental Army was the country's first unofficial Oval Office – a tent with an oval design, measuring 14 by 23 feet. Washington liked rooms in his homes to have an oval shape and carried that over to the tent he used on the battlefield. However, according to the White House Historical Association, the Oval Office is likely a homage to the Blue Room of the White House, not the tent, which was a tribute to a room built at The President’s House in Philadelphia, where Washington once lived. Washington’s original tent is on display at the Museum of the American Revolution in Philadelphia, Pennsylvania.
4: America’s “semiquincentennial” is a mouthful of Latin for “half of 500 years.” Most everyone else prefers “America 250,” so we will save the Latin for classwork. Meanwhile, I will secretly keep saying semiquincentennial about hoping new coins appear from the U.S. Mint as Beetlejuice did in the movie.
Gold Bullion Has Seen A Price Correction But Rare Gold Coins Were Not As Affected
I mentioned this last week but I wanted to reiterate it as some people may have missed out on the truth about rare coins. Yes, gold bullion has experienced a recent price correction from its all-time high but our clients, who also purchased rare gold coins, are not seeing the same results.
Rare gold coins are one of the most concentrated forms of wealth – so that more value can be saved or transported in a smaller space. That is why I recommend that rare coins be included when making gold purchases.
A portfolio of rare gold coins (the PCGS 3000 index) outperformed gold bullion from 1970 to 2025.
Typically, over time, rare gold coins, like better-date (low-mintage) $10 American Gold Eagles and $25 American Gold Eagles, outperformed gold bullion and held their value better than gold bullion during bullion’s periodic price drops, as is happening now.
While this is a great time to buy gold bullion on the dip, our clients, who have built rare coin collections along with bullion, are seeing better returns and holding more value than just those who purchased gold bullion products. I would like to point out that gold is still about 23 percent higher than it was exactly one year ago and about 166 percent higher than on January 1, 2020.
Every portfolio with a gold component should be balanced out with a rare gold coin component. Our expert team understands this and can help you make the right choices regarding precious metals and rare coins. Another investment option is a Gold IRA, something that I personally recommend to our employees and clients as a way to further diversify their overall investment portfolios. We have a comprehensive inventory of genuine precious metal products eligible for inclusion in your portfolio. Visit our website and click the Gold IRA tab to check out our comprehensive page on how to quickly and easily open your own Gold IRA.
Please check out our website or call one of our professional representatives to discuss rare gold coins or to determine which Gold IRA options could benefit you.
Where is Gold Headed or is it Just Taking a Summer Nap?
Although recent gold prices have been unable to break much above $4,200 yet, Ole Hansen, Head of Commodity Strategy at Denmark’s Saxo Bank, said he believes gold’s trend is shifting from liquidation (selling) to consolidation and base-building, which is setting a new price floor. Hansen joined Saxo in 2008 and has been the major bank’s Head of Commodity Strategy since 2010.
On Monday, July 6, Hansen said gold “has moved from being aggressively bid to selectively accumulated, and the next move will likely depend on whether macro conditions continue to ease or once again turn hostile.” Gold’s recent resistance to trading above $4,200, Hansen says, comes from trader fixation on U.S. monetary policy, since many pundits believe that the Fed, under its new Chairman, Kevin Warsh, will raise interest rates rather than lower them over the next year.
Most pundits see a rate increase coming next and this has put a big damper on gold trading. Hansen does not follow the lead of most other pundits, believing the Fed’s Warsh has shown his long-term commitment to price stability and lower inflation, which should happen in the wake of lower oil prices due to a potential permanent solution to the Iranian conflict. Hansen does not expect the Federal Reserve to raise interest rates this year if inflation pressures continue to ease.
Hansen makes the clear point, saying that “Forward inflation expectations have collapsed, so tightening when the reason for tightening is easing with energy prices slumping makes no sense. Once that becomes the general market view, the dollar will soften.” He also likes the recent price action in silver, which, as of July 6th, has recovered faster (+9.7%) than gold has (+5.5%) since June 30.
Gold recovered strongly and silver is trading around $60 an ounce, as both metals search for a new “floor” for trading and buyers take advantage of buying on the dips. Gold rose from a June 30 low of $3,963 to a July 6 peak of $4,180, up 5.5%, while silver rose from a low of $57.03 on June 30 to a peak of $62.59 on July 6, up 9.7%, almost twice the percentage gain in gold in six July days. Both metals are fluctuating as speculators impact the short-term prices. Silver is also in the midst of its sixth straight year of supply deficits – with annual demand eclipsing new supply each year since 2021. Even if manufacturers temporarily cut back on the amount of silver they need for products, that won’t eliminate the need for additional silver as more EVs, more solar panels and more AI materials are created that utilize silver components and connections.
Metals Market Report Archive >
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