Gold and silver futures were sharply down the U.S. trading session Monday while President Joe Biden confirmed Federal Reserve Chairman Jerome Powell for his second term. The precious metals prices were under a huge pressure and selling pressure accelerated overnight.
December gold was last down nearly USD 41.10 at USD 1,810.4 and December Comex Silver was last down USD 0.421 at USD 24.36 per ounce.
Someone argued that another term for Powell was just an excuse for bullions future traders taking profits after recent good price gains. Some analysts believe bullion markets are likely to continue to be supported by the inflation trade and to be sought out as a hedge against rising and even problematic price inflation.
Starry Night which painted by the Dutch post-impressionist Vincent Van Gogh in June 1889 is one of the most famous masterpieces in the art world. The images of the painting are always printed on souvenir everywhere, like coffee cups, mugs, T-shirts, towels, etc.
This painting – Starry Night was painted in 1889 when the artist, Vincent Can Gogh stayed at the asylum of Saint-Paul-de-Mausole. He painted the view from the east-facing window of his asylum room with an imaginary village just before sunrise.
This painting has been in the permanent collection of the Museum of Modern Art in New York City since 1941.
This time, the one of the most recognized painting in Western art – Starry Night was printed on a silver coin and issued by Republique du Tchad. The coin depicted the detailed texture and its typical swirling brushstrokes, the moon and morning stars. The details of the pattern were presented on the coin beautifully. Starry Night fans absolutely won’t miss this collection. Let get this magnificent piece of numismatic coin on your working desk or your showcase in your living room.
Gold price is getting back above USD 1,800 per troy ounce. Investors expect it will continue to move higher because it is unlikely the Federal Reserve will be able to fet the inflation under control.
The growth thread of inflation and stagflation are pushing more investors reevaluate their safe-haven hedge and rearrange their investment profolio.
The inflation the year is very different from the last few years. The current inflation is not being driven by consumer demand. Prices go up because of major supply-chain around the world especially the second largest economy, China.
There is nothing the Federal Reserve can do to fix the supply chain as the inflation is on the long side of the track. With gold prices back over USD 1,800 per troy ounce, the market will see bullish momentum very soon.
After the compelling Queen Beasts’s collection, Royal Mint just launched a new series of collection – The Tudor Beasts Collections. The Seymour Panther will be the first coin of this series. Tudor Beasts Collection will absolutely become one of the hot collections amoung numismatics community.
Important News: Queen Elizabeth was seen using walking stick for what is believe to be the first time at a major public event. It will probably trigger Royal Fans worried about the Monarch’s Health.
What are these Tudor Beasts?
The Seymour Panther
The Lion of England
The Greyhound of Richmond
The Yale of Beaufort
The Tudor Dragon
The Seymour Unicorn
The Royal DragonThe Queen’s Lion
The Black Bull of Clarence
The Queen’s Panther
The Tudor dynasty rose from the wars of the Roses conquest between the House of Lancaster and the House of York. When Henry VIII ruled after his Henry VII, He took these heraldic beasts as part of his lavish embellishment of the palace. These Tudor Beasts served to reinforce the legitimacy of his position on the throne and to highlight the regal lineage and strength of the Tudor dynasty.
If you have missed the Queen’s Beasts collection, do not miss the Tudor Beasts this time!
Next post, I will share the fun facts about Henry VIII. Stay tuned.
Last Friday night, my boss and I had dinner at one of the local popular Japanese restaurant. The view overthere was stunning. It was amazing that having delicious Japan cusine and breathtaking skyline at the same time.
“Let’s go to Japan once the pandemic ends” he suggested.
“Ya, but I can’t see the end this year.”
“That’s why I booked this Japanese restaurant. I missed Japan so much” he said.
“2019. it was an extraordinary year.”
“Sure.” I agreed.
“Life is short. So do the things which make you happy. And be with people who make you happy. Look for the food in every day even…even if some days you have to look harder.” He looked at my eyes.
“Yup, sometimes I remember the days in 2019.”
“Nothing gold can stay.” He said and drink his sake.
Yes, nothing gold can stay. Everything changed in 2019 and things cannot go back to the way they like in 2019.
Nature’s first green is gold, Her hardest hue to hold. Her early leaf’s a flower; But only so an hour. Then leaf subside to lead. So Eden sank to grief, So dawn goes down to day, Nothing gold can stay.
This is the final Queen’s Beasts coin in the Queen’s Beast collection since 2016 produced by Royal Mint. The Coin features ten beasts on the reverse which reuniting all ten beasts in one design.
Here is the story of Queen’s Beasts:
The Queen’s Beasts are the ten heraldic statues representing the bloodline of Queen Elizabether II and the British monarchy. On 2 June 1953, the whole world witnessed a specacular of a very important occasion. The Queen arrived at Westminster Abbey for the Queen’s coronation. These ten Queen’s Beast stood in front of the temporary western annexe as formidable royal guardians.
The American Eagle Gold Coin is an officeal gold bullion coins of United States starting from 1986. It was produced by United States Mint. The composition of the gold coins included 91.67% gold, 3% silver and 5.33% Copper. Therefore, the fineness of this gold coin is just 22K.
The obverse of the gold coin depicts the figure of Lady Liberty. And the reverse design features a male eagle carrying an olive branch flying above a female eagle and her baby.
Let me tell you something special about American Eagle Gold Coins.
For the Eagle minted in 1986-1991, they are dated with Roman Numerals. And starting from 1992, US mint changed to use Arabic numerals for dating Gold American Eagle Coins.
Here is the gold coin in 1990 with dated with Roman Numerals “MCMXC”.
And starting mid 2021, the reserve design of American Eagle Gold Coin changes again! It features a side profile of a Bald ealge.
The new design is stunning!
As the the new design is launching in mid of 2021, the collectors around the world will definitely collect the old designs of American Eagle Gold Coins especially the old design dated year 2021 and the those dated with Roman Numerals.
I am sorry that I didn’t update my stories with my boss for this week as I was super busy. The world are debating and concerning the situation in Afghanistian in these few days. And Biden adminstration is busy about blaming everyone but himself for the chaotic withdrawal from there.
“Before the militory withdrawal from Afghanistian, people are concerning about when will the US government withdraw. After the chaotic withdrawal from there, people are concerning about how did the US government withdraw.” My boss rolls his mobile and says.
“Yup, but Mr. Biden has already expained that there is never a good time to withdraw US forces. And people agree to withdraw US troops from there at the very begining.” I say.
“The main concern is Democracy will be a problem sometime.” He explains.
“May I ask why?” I confuse.
“Decision making is too slow. Sometime we need to do it fast.” he emphasises. “Reacting time is the key especially during wars. You cannot wait!” he stresses.
“No mather how powerful of your armaments, no mather how advanced of your militory technology, if you don’t act fast, you loss.” He affirms.
“So much of our lives is given over to the consideration.” He suppresses his sadness when he sees the images from the social media.
“Maybe this is one of the problems about work from home.” I say.