Latest news with #MoneyMetalsExchange
Business Times
29-06-2025
- Business
- Business Times
Americans cash out on gold coins as Asian investors bulk up
Americans who once snapped up gold bars and coins are offloading the assets while their Asian counterparts show no letup in bullion buying, a sign that investors on opposite sides of the world have different outlooks on the global economy. The divergence suggests US residents who stash bars and coins at home or in safe deposit boxes – akin to stock market day traders – are more at ease about US President Donald Trump's tariffs, rising government debt and geopolitical tensions. And, they're ready to cash in after the metal's stunning rally over the past two years. Known as retail investors, these Americans are bucking broader market trends in which more wealthy investors continue to aggressively buy the haven asset as do sovereign funds and central banks. Meanwhile, Asian gold buyers are eschewing jewellery for bars and coins. In the US, 'a lot of the retail investors tend to be Republican-leaning. And whatever we say about the policy of tariffs, they like the idea of how Trump's doing', said Philip Newman, managing director at research consultancy Metals Focus. 'So from their point of view, there's less reason to buy gold.' The US market is so awash with bars and coins that some precious metals dealers have slashed their premiums to the lowest in six years to spur sales. And when investors sell, they're now looking at paying dealers a fee to offload gold. Bullion dealer Money Metals Exchange currently charges buyers of one-ounce American Eagle gold coins US$20 over spot prices, compared with US$175 four years ago. And sellers now need to pay about US$20 for the online exchange to take the metal, whereas in 2021 they would have received an extra US$121 for selling. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The glut has led to a collapse in sales of newly minted bullion products, with the US Mint's American Eagle gold coins – a proxy for retail demand – tumbling more than 70 per cent in May from the prior year. The demand for gold bars and coins has been falling for the past three years in North America and Western Europe while rising everywhere else in the world, with last year marking the biggest divergence on record in data going back to 2014, according to Metals Focus. That gap continued into the first quarter of 2025, driven predominately by the selloff in the US market, according to the consultancy. Meanwhile, demand for bars and coins rose 3 per cent in the Asia-Pacific region in the first quarter, with the Chinese market registering a 12 per cent year-on-year increase, according to the latest data from the World Gold Council, a trade body representing gold miners. South Korea, Singapore, Malaysia and Indonesia all posted gains of more than 30 per cent. Initial worries of China and Asia getting hit the hardest by Trump's tariffs led to 'super strong' demand for gold in the region, said Kenny Hu, a commodity strategist at Citigroup. Concerns about local currency depreciation also means gold remains the go-to asset for Asian investors who played a key role in the metal's rally since 2024. Investors in South-east Asia lacking other investment options have started recognising gold as a strategic asset, said Brian Lan, managing director of GoldSilver Central, a Singapore-based precious metals dealer. 'South-east Asians who have memories of the war understand that gold is a form of insurance during periods of uncertainty,' he said. In the US, profit taking is part of the equation given gold's stunning climb – up 59 per cent since the beginning of 2024 to US$3,274.33 an ounce last Friday (Jun 27). But Wall Street banks are split over whether the rally has ended. Goldman Sachs reaffirmed a US$4,000-an-ounce forecast by next year and Morgan Stanley expects US$3,800 by the end of this year, while Citigroup sees prices dipping below US$3,000 next year. 'When there's fear, they own more gold and less risk assets,' said Hu of Citigroup. 'And now maybe they're thinking things are actually fine. Tariffs are not that bad. Things will get negotiated out. Geopolitics eventually will de-escalate and US growth may be not that bad.' BLOOMBERG
Bangkok Post
28-06-2025
- Business
- Bangkok Post
Americans cash out on gold as Asian investors bulk up
Americans who once snapped up gold bars and coins are offloading the assets while their Asian counterparts show no letup in buying, a sign that investors on opposite sides of the world have different outlooks on the global economy. The divergence suggests US residents who stash bars and coins at home or in safe deposit boxes — akin to stock market day traders — are more at ease about President Donald Trump's tariffs, rising government debt and geopolitical tensions. And, they're ready to cash in after the metal's stunning rally over the past two years. These American retail investors are bucking broader market trends in which more wealthy investors continue to aggressively buy the safe-haven asset, as do sovereign funds and central banks. Meanwhile, Asian gold buyers are eschewing jewellery for bars and coins. 'A lot of the retail investors (in the US) tend to be Republican-leaning. And whatever we say about the policy of tariffs, they like the idea of how Trump's doing,' said Philip Newman, managing director at the research consultancy Metals Focus Ltd. 'So from their point of view, there's less reason to buy gold.' The US market is so awash with bars and coins that some precious metals dealers have slashed their premiums to the lowest in six years to spur sales. And when investors sell, they're now looking at paying dealers a fee to offload gold. The bullion dealer Money Metals Exchange currently charges buyers of one-ounce American Eagle gold coins $20 over spot prices, compared with $175 four years ago. And sellers now need to pay about $20 for the online exchange to take the metal, whereas in 2021 they would have received an extra $121 for selling. The glut has led to a collapse in sales of newly minted bullion products, with the US Mint's American Eagle gold coins — a proxy for retail demand — tumbling more than 70% in May from the prior year. The demand for gold bars and coins has been falling for the past three years in North America and Western Europe while rising everywhere else in the world, with last year marking the biggest divergence on record in data going back to 2014, according to Metals Focus. That gap continued into the first quarter of 2025, driven predominately by the selloff in the US market, according to the consultancy. Meanwhile, demand for bars and coins rose 3% in the Asia-Pacific region in the first quarter, with the Chinese market registering a 12% year-on-year increase, according to the latest data from the World Gold Council. South Korea, Singapore, Malaysia and Indonesia all posted gains of more than 30%. Initial worries of China and Asia getting hit the hardest by Trump's tariffs led to 'super strong' demand for gold in the region, said Kenny Hu, a commodity strategist at Citigroup. Concerns about local currency depreciation also means gold remains the go-to asset for Asian investors who played a key role in the metal's rally since 2024. Investors in Southeast Asia lacking other options have started recognising gold as a strategic asset, said Brian Lan, managing director of GoldSilver Central, a Singapore-based precious metals dealer. 'Southeast Asians who have memories of the war understand that gold is a form of insurance during periods of uncertainty,' he said. In the US, profit taking is part of the equation given gold's stunning climb — up 59% since the beginning of 2024 to $3,274.33 an ounce on Friday. But Wall Street banks are split over whether the rally has ended. Goldman Sachs reaffirmed a $4,000 forecast by next year and Morgan Stanley expects $3,800 by the end of this year, while Citigroup sees prices dipping below $3,000 next year. 'When there's fear, they own more gold and less risk assets,' said Hu of Citigroup. 'And now maybe they're thinking things are actually fine. Tariffs are not that bad. Things will get negotiated out. Geopolitics eventually will de-escalate and US growth may be not that bad.'
Associated Press
21-05-2025
- Business
- Associated Press
Money Metals Exchange Announces Free Silver Bar Giveaway
EAGLE, IDAHO / ACCESS Newswire / May 21, 2025 / Money Metals Exchange, a leading U.S. precious metals dealer, and the Sound Money Defense League, the nation's preeminent sound money advocacy group, are thrilled to announce a free giveaway of a .999 pure 10 oz. Money Metals-branded silver bar. Open to all U.S. residents, this initiative is the latest collaboration between the two organizations dedicated to promoting sound money principles. To enter the giveaway, participants must submit their email via the entry form by clicking here. The winner is selected at the end of the month, with no purchase necessary. This giveaway underscores the shared mission of Money Metals Exchange and the Sound Money Defense League to raise awareness about the importance of gold and silver as stable, constitutional forms of money in an era of fiat currency volatility. Since 2016, Money Metals Exchange and the Sound Money Defense League have partnered to award tens of thousands of dollars through their annual Sound Money Scholarship, the first gold-backed scholarship of its kind. This program rewards students who demonstrate a deep understanding of economics, monetary policy, and sound money. In 2025, the organizations launched the Sound Money Fellowship, a new initiative supporting graduate students, post-graduates, and independent researchers. This paid fellowship encourages advanced scholarship in the under-researched field of sound money, fostering contributions to monetary history, policy analysis, and other related topics. The silver bar giveaway builds on these efforts, engaging the public directly and promoting the sound money movement. 'At Money Metals, we believe sound money is the foundation of economic stability,' said Stefan Gleason, CEO of Money Metals. 'Our partnership with the Sound Money Defense League for this giveaway allows us to continue fostering individuals passionate about preserving the value of money, while rewarding them with a tangible piece of that vision-a .999 pure 10 oz. silver bar.' The Sound Money Defense League, established in 2014, has driven significant legislative progress, with five states passing pro-sound money laws in 2025 alone, including removal of state income taxes, establishment of state gold reserves, and reaffirmation of gold and silver as legal tender. Alongside Money Metals, the League publishes the annual Sound Money Index, ranking states on their sound money policies. These initiatives reflect a growing nationwide movement to restore gold and silver as viable currency, countering inflationary fiat systems. Participants can enter the giveaway until May 31st, 2025, with the winner announced via email and Money Metals' platforms. For more details, click here or contact [email protected]. To learn more about services offered by Money Metals Exchange and the Sound Money Defense League's advocacy, visit or About Money Metals Exchange Money Metals Exchange, named 'Best in the USA,' serves almost one million customers, offering gold, silver, platinum, and palladium bullion. Committed to sound money, it supports education and policy reform alongside its retail services. About Sound Money Defense League Founded in 2014, the Sound Money Defense League is a nonpartisan group working to remonetize gold and silver through state and federal legislation, grassroots efforts, and educational programs like the Sound Money Scholarship and Fellowship, in coordination with Money Metals Exchange and the Sound Money Foundation. Contact: Jp Cortez, Sound Money Defense League [email protected] SOURCE: Money Metals Exchange press release
