GOLD 00.00 1.20 0.00%
SILVER 00.00 1.20 0.00%

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Metal Market Report October 2021 - Week 4 Edition

October 2021 - Week 4 Edition

Gold and Silver Poised For Big Gains

Gold is still above $1,800 on Monday afternoon and held steady all day. Last Friday’s afternoon London gold price fix was $1,808.25, up 3.8% so far, in October and rising from $1,742.80 at the end of September. In their latest newsletter, the Aden Sisters stated silver has been even stronger than gold, which they read as meaning, “Silver is Ready to Pop Up.” The big picture, they say, “shows silver has the edge over gold and with gold now rising, we could see silver really take off!” How high?

The world-renowned financial analysts say, “Once it breaks above its 65-week average, its next move is to jump above the $29 - $30 level … and it could then reach the top of the step near $35” per ounce.

New Iconic Morgan and Peace Dollars Celebrating 100th Anniversary

The 100th Anniversary of the Morgan dollar & Peace dollar transitional year of 1921 is being honored with newly minted legal tender issues of both series.

In late 1921, the new Peace silver dollar was minted to commemorate peace between the United States and Germany in World War I. It replaced the Morgan silver dollar, designed by George T. Morgan, which was minted from 1878 to 1904 and in 1921.

From 1921-1935, the Peace dollar was minted in Philadelphia, Denver and San Francisco, but only in Philadelphia during 1921. The Morgan silver was minted in the same three cities plus New Orleans and Carson City. While only the Denver, Philadelphia, and San Francisco Mints are still in operation today, the new 2021 Morgan dollars also feature coins with “CC” and “O” privy marks to honor the former mints. The new High Relief Peace dollar is only being minted in Philadelphia.

These six new United States Mint 2021 coins are a beautiful rendition of the original designs using .999 fine silver, the same $1 face value and weight content, with an uncirculated finish. Graded by the Numismatic Guaranty Corporation (NGC) in perfect MS70 condition, these limited-number six-coin sets will sell out.

“Call now while these MS70 sets are still in stock. At our low price, they are going fast!” Dr. Mike Fuljenz 2021 ANA Dealer of the Year.


  1. Sold Out in Minutes by the U.S. Mint
  2. Rising Prices and Extremely High Demand
  3. Historic 100-Year Anniversary Transitional Coins
  4. Low Mintages, High Quality and Low Prices
  5. Most Popular and Desired Coin by Both Collectors and Investors in the World

Inflation is Soaring, but the Biden Team is “Deep in Denial”

Last week, I told you about the Consumer Price Index (CPI) coming in at a surprisingly high 0.4% for September and +5.4% for the last 12 months, the highest 12-month run rate since 1991. The next day, Thursday, the Producer Price Index (PPI) came out at a much higher rate – up 8.6% over the last 12 months, including +0.5% for September. Even subtracting energy and food costs, the PPI was up 6.8%.

In the midst of these announcements, the Social Security Administration stated that benefits would rise 5.9% next year, due to inflation, for “Cost of Living Allowances.” That is the highest increase in Social Security benefits in 40 years – since the days of double-digit inflation in the early 1980s.  While the Biden Administration will gladly take the praise for the pay increase for the elderly, Biden is also telling us that his tax-and-spend policies do not create inflation or more national debt. They do the opposite!

On inflation: “If we increase the availability of quality, affordable childcare, elder care, paid leave, more people will enter the workforce…. These steps will enhance our productivity—raising wages without raising prices. That won’t increase inflation. It will take the pressure off of inflation, give a boost to our workforce, which leads to lower prices in the years ahead,” – President Joe Biden, July 19, 2021.

On debt: “My Build Back Better Plan costs zero dollars… It adds zero dollars to the national debt,” –President Joe Biden in a tweet, September 25, 2021.

In what economic theory does adding trillions of dollars to the money supply make those dollars’ worth more?  And in what world does the spending of $3 to $5 trillion more dollars “cost nothing” and “add nothing to the national debt?” The U.S. Treasury closed the 2021 Fiscal Year on September 30, 2021, with a stunning announcement that the total red ink for the year was $2.8 trillion, the second-largest deficit ever. Is this President already living in la-la-land or is he speaking off script?

Get to know the “Team Mike” Professionals at 1st American Reserve
Working with Dr. Mike Fuljenz, America’s Gold Expert ®

Robert Patton - 1st American Reserve Director

Robert has worked in the numismatics industry for 30 years and helped found 1st American Reserve in February 1998. He has worked since Day 1, for the past 23 years, to ensure the company is well-respected and serves its clients with professionalism and integrity.

Together, Robert and his wife have five children and he enjoys spending time with them. His favorite hobbies include cooking and hunting, sometimes combined by camping with his family. He has been a Boys Haven Board Member for many years and has volunteered in support of many of his children’s activities.

Robert is proud that 1st American Reserve has maintained an A+ rating with Better Business Bureau (BBB) and that they deliver award-winning industry materials and service to our customers. But Robert is most proud of his team of knowledgeable representatives, their tenure and the service they provide to their clients.

His favorite coins are those produced by the Carson City Mint and the $2 ½ and $5 Indian gold coins – many of which are included in our innovative 20/20 program. Of the Carson City coins, he says, “I appreciate the history surrounding the popular Carson City Mint and the relatively limited number of coins it minted, and I feel good about providing my clients with some of the best Carson City gold coins available.” Of the $2 ½ and $5 Indians, he says, “They are particularly beautiful and popular as they are the first incused design coins struck by the U.S. Mint.”

Robert is here for you. Please don’t hesitate to contact him.


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