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Thursday, November 13

Eric Fry
This silver piece, minted from 1916 to 1947, features Lady Liberty turned towards a brilliant sun. She holds both laurel and oak branches, symbolizing civil and military glory. On the back of the coin, a bald eagle perches on a rocky crag, representing strength.As a work of art, this Beaux-Arts half-dollar ranks atop the most beautiful American coins ever minted.While it’s sometimes comforting to invest in hard assets that gleam in the sunlight and clang when you drop them on a table, the precious metal market can be very difficult to analyze on a traditional basis. That’s because gold never opens franchises across the country and generate cash flow. It’s just a thing that sits there.Silver is, too, to a great extent. (Although, industrial consumption of silver has been soaring for the last few years, mostly because of solar.)Of course, all prognostication is a guess. But when it comes to the precious metals, it’s like a triple or quadruple guess because they are not productive assets.From childhood to investor-hood, I’ve been a huge gold and silver fan. And both are seeing renewed upside this week.So, in today’s Smart Money, I’d like to share my two cents – pun intended – on the state of the precious metals market.Let’s jump in…Recommended Link
Eric Fry