Here’s a look at the latest developments in the precious metals market for the week beginning 9/13/2021.

• Nearly $5 million worth of precious metals stolen in robbery
• Three Lies Commonly Told by “Rare” Coin Dealers
• Silver Price Forcast: Silver continues to chop around just above $24

Nearly $5 million worth of precious metals stolen in robbery that ended in high-speed chase

On the streets of Amsterdam, a real-life Hollywood scene unfolded when thousands of dollars worth of gold and platinum was stolen from an armored vehicle that was making a weekly delivery to a smelting facility.

According to Dutch media reports, the robber, which occurred in May, ended with a high-speed chase as some of the perpetrators ended up fleeing the scene with nearly $5 million worth of precious metals. 

Robbers were reportedly wearing bulletproof vests and came with several cars, all equipped with walkie-talkies. The suspects tied up company employees and security guards and then moved the precious metals into their cars.

The police arrested six men following a high-speed chase, recovering more than $12 million worth of precious metals. One suspect was shot dead by police.

To learn more: Nearly $5 million worth of precious metals stolen in robbery

Three lies commonly told by “rare” coin dealers

Only coin collectors with specialized knowledge should dabble in the markets for numismatic coins. Investors who simply want gold and silver as a hedge against inflation and uncertainty will want to select an ethical dealer which sells lower premium bullion coins, rounds, and bars.

Here are three of the most common deceptions used by peddlers of “rare” coins…

• Lie #1: Rare Coins Are Uniquely “Confiscation Proof”
• Lie #2: Rare Coins Are “Not Reportable” for Capital Gains Tax Purposes
• Lie #3: Rare Coins Provide More Price Appreciation

To learn more: Three Lies Commonly Told by “Rare” Coin Dealers

Silver continues to chop around just above $24

From Christoper Lewis at Yahoo!Finance:

Silver markets have rallied during the trading session on Friday as we continue to see a lot of money poured into this market. That being said, I would be very cautious about getting overly expose, because quite frankly silver can be very violent and wild, not to mention the fact that it is highly sensitive to the greenback. As long as the US dollar sells off, silver has a chance but if the US dollar starts to strengthen for whatever reason, that would be very bad for silver, and could send it hurtling towards the $23 level.
To Learn More: Silver Price Forcast: Silver continues to chop around just above $24