Gold is having a stellar 2024, up more than 25% recently to an all-time high above $2,600 an ounce. Silver is showing even larger gains. Investors can profit from a wide range of vehicles – including physical coins. But how do you get started? What’s different about buying physical metal versus trading gold or silver ETFs? What key forces are driving precious metals – and will they lead to more gains in the rest of the year and beyond? I sat down with Dana Samuelson, President of American Gold Exchange, at the 2024 MoneyShow Masters Symposium Las Vegas to discuss all of that, and more.
Dana explains how one or two forces usually influence metals prices, but that several of them are “coming to bear at the same point in time” – and that’s why gold just hit an all-time high. Specifically, he discusses in detail the influence that government debt, interest rates, geopolitical conflicts, inflation concerns, and central bank buying are having on the market. Then he shares tips about investing in coins, including why analyzing premiums for vintage coins relative to benchmarks is so important. Finally, he explains how American Gold Exchange can help coin investors who are looking to participate in the market.