On this Tuesday, we bring you some investment news on the topic of insurance. If you are buying rare coins, gold bars, or any other type of physical metals, you need to think about insuring your treasures. Because homeowner’s insurance is not typically the best coverage for silver bars or gold bullion locked away in your house. We have an in-depth article on this topic for you today, along with some economic news related to silver and how the renewed interest in renewable energy could be a boon for the grey metal. This and more in today’s Gold & Silver Central newsletter.

Let’s dig in…

Commentary
How to Insure and Protect Your Gold and Silver

In the midst of economic volatility, some investors are flocking to gold and silver as an alternative to stocks, bonds, mutual funds and ETFs. In fact, some precious metals dealers are struggling to keep up with demand for bars and coins, and buyers are paying record-setting prices for rare coins. The Gold and Silver Rush of 2020 is in full swing. But as investors (including some who are new to the precious metals market) scoop up gold and silver bars and coins, they might be wondering about insuring their newly acquired treasure. Perhaps the most important thing to know about insuring investment-grade gold and silver—not the coins you collected as a kid that merely hold sentimental value—is that homeowners insurance typically doesn’t go very far in covering precious metals.

Economy
[PDF REPORT] Could Solar Energy Surge Be Pandemic’s Silver Lining?

The global drive for renewable energy in the wake of COVID-19 pandemic is bound to boost silver, since the grey metal is used in photovoltaic (PV) cells. Solar energy is expected to lead the growth of renewable energy over the next decade, with PV installations increasing by an average of 13% a year and meeting almost one-third of electricity demand growth out to 2030 (source: IEA). Under the International Energy Agency’s Stated Policies Scenario, global solar PV deployment is forecast to return to pre-pandemic levels by 2021 and continue to grow each year after that, owing to widely available resources, declining costs and policy support.

Commentary
Millennial’s Preference for Bitcoin over Gold Means Crypto Will See Long Term Success

According to JP Morgan analysts, bitcoin’s 2020 surge is set to continue as the digital cryptocurrency competes better against gold as an alternative currency. In a note, the financial institution says that with millennials set to become a more important market participant in the coming years, their preference for bitcoin to gold sets up the crypto for future success. The financial institution’s assessment comes as the digital currency continues to see increasing adoption by institutional investors and an embrace by…

Commentary
Will the Yellow Metal Reach a New Record Price?

Central banks shifted to net selling during the period for the first time in nearly a decade. Net sales were estimated at just under 13t. An absence of purchases from Russia and China drove the shift, along with increased gross sales by some countries battling the economic effects of COVID-19. Refinitiv's analysis suggests banks are taking advantage of high gold prices. "It is in the near term that we are likely to see increased volatility, choppy trading and fluctuations in the stock markets and the gold price, particularly in the run-up to US presidential elections," said precious metals director Cameron Alexander.

Stock Market
Commodities Will Likely Be Strong Next Year, Says Goldman Sachs

“Strong” may not be a strong enough word: Goldman Sachs expects a bull market in commodities next year and sees 30% returns over the next 12 months from a basket of commodities. “Given that inventories are drawing this early in the cycle, we see a structural bull market for commodities emerging in 2021,” said Goldman Sachs analysts led by the head of commodity research Jeffrey Currie.

WHICH COMMODITIES ARE GOLDMAN SACHS BULLISH ON?

Commentary
Here’s Why Gold is So Valuable

From Thomas Insights: As time passes, especially in 2020, a lot changes. But one thing that hasn't changed much is the value of gold. Perhaps best known for its use in bars, coins, and jewelry, gold is immune to rust, decay, and corrosion. But these physical aspects are not what makes the metal so special. (Consider that silver also shares some of gold's valuable qualities, but doesn't hold nearly as much value.) Let's take a deeper look at how gold holds value, and why it's seemingly immune to nearly any financial crisis. The Rich History of Gold

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Gold Silver Central