American Eagle 2020 YTD Sales

American Eagle 2020 YTD Sales

The following chart displays the American Eagle 2020 YTD Sales totals for Gold and Silver from the U.S. Mint as of 5pm on April 2, 2020. The chart below also shows the difference in year to date sales from the last weekly report on March 27, 2020.

Dillon Gage is authorized t0 purchase gold, silver, platinum, and palladium bullion directly from the U.S. Mint, as well as all the world’s major mints.
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Gold Steady Ahead of ISM Numbers

Gold Steady Ahead of ISM

Gold steady ahead of ISM numbers as investors awaited the release of U.S. manufacturing data for March for signs of how badly the coronavirus has affected the world’s largest economy. The yellow metal didn’t react when the ADP employment numbers showed a loss of 27,000 beating the forecast loss of 150,000 jobs. Continue reading…


Gold Off Last Week’s Rally

Gold Off Last Week's Rally

Gold off last week’s rally as investors continued to worry about the novel coronavirus and its impact on the global economy. The yellow metal is only slightly off last week which saw the biggest weekly rally since 2008. Continue reading…


Gold Pauses On Stimulus Vote

Gold Pauses On Stimulus Vote

Gold pauses on stimulus vote following Tuesday’s massive gains took it near the $1,700 threshold. The yellow metal has been buoyed this morning by traders buying the dips. Continue reading…


Fed Announcement Boosts Gold

Fed Announcement Boosts Gold

Fed announcement boosts gold this morning. Just prior to the opening of the markets, the Federal Reserve announced a slew of new programs to help market functioning. Gold jumped over $30 on the news while equities leapt back into positive territory. The U.S. Stock Markets had stopped trading overnight when congress failed to pass the stimulus bill. Continue reading…


CACHE & Dillon Gage Alliance

CACHE & Dillon Gage Alliance
CACHE, Dillon Gage Form Strategic Global Alliance For Gold-Backed Tokens

SINGAPORE (March 19, 2020) – Singapore-based CACHE Private Limited, a provider of fully-redeemable digital assets backed by gold, and Dallas-based Dillon Gage, the world leader in physical precious metals trading and technology, announced today that they have entered into a strategic global alliance. Dillon Gage Inc. of Dallas has acquired an equity stake in CACHE and will be a storage and liquidity provider for CACHE. Continue reading…


Gold Holding Over $1,500

Gold Holding Over $1,500

Gold holding over $1,500, as the stock market kicks off another wild day. The Dow opened over 1,000 points down and is still over 800 down as the stimulus high wears off.

Gold had risen Tuesday amid signals that governments and central banks would act to support the global economy, hit hard by the coronavirus crisis. The yellow metal lost some steam over night on profit taking and global concerns. Continue reading…


Important Information

Important Information

During this stressful time, Dillon Gage stands ready to take your trades and fulfill your orders. We are making every effort to handle your trades quickly and efficiently, while protecting the health and safety of our employees.

A reminder, FizTrade.com, our secure online trading portal, is readily available to accept your orders during market hours and also provides updates for the availability of product.

You can also access our FizTrade mobile application, available at the Apple Store, to track your shipments and payment processing.

Our state-of-the-art distribution center’s staff is working extended hours as well as weekends to process shipping and receiving.

Additionally, to expedite shipping your orders, please submit payment via bank wire or ACH at the time of order. The wire instructions are below. This will allow us to quickly ship to you as soon as the product becomes available.

WIRE INSTRUCTIONS:

BBVA Compass
ABA# 062 – 001 -186
ACCT.# 6708694841

SWIFT Code: CPASUS44

To Credit the Account of: Dillon Gage

Compass ACH Routing # 113010547

Thank you for your continued business and confidence with Dillon Gage.

Wishing you good health.


Gold Down As Stocks Tumble

Gold Down As Stocks Tumble

Gold down as stocks tumble over 7% at this morning’s opening, triggering the “circuit breaker” shutdown of trading. After resuming trading, the Dow is still down well over $1850, off almost 8%. The next circuit breaker would be thrown if the stocks drop 12%. Continue reading…


DG Coronavirus Plans

DG Coronavirus plans

As you are likely aware, the coronavirus (COVID-19) outbreak has affected business operations across industries worldwide. Dillon Gage is being proactive in alerting our customers as to how to avoid any interruptions in conducting business with us.

We would like to remind everyone that business can be conducted with each of our divisions using the following portals:

Additionally, we have procedures in place that allow most of our banking and accounting operations to be securely handled via remote access so there would be little to no interruption in these business activities.

All Dillon Gage divisions are taking the recommended precautions to prevent an interruption to business, including restricting travel both domestically and internationally. We will continue to communicate any necessary updates via email and on DillonGage.com

We appreciate your business and wish you good health.

Thank you,
Dillon Gage


Gold Rose on British Rate Cut

Gold Rose on British Rate Cut

Gold rose on British rate cut early Wednesday. The Bank of England announced an emergency interest-rate cut triggered by fears about the cornavirus’s effect on the global economy. A delay in the release of U.S. President Donald Trump’s promised stimulus package and volatile equity and energy markets also sent the metal higher. Continue reading…


Gold Strong on Stock Melt Down

Gold Strong on Stock Melt Down

Gold strong on stock melt down sparked by the new oil war between the Saudis and Russia and the on-going fear of the global impact of the coronavirus. Gold climbed above the $1,700 an ounce threshold for the first time in more than seven years early Monday before falling back a touch. Continue reading…


Gold’s Biggest Week Since 2011?

Gold's Biggest Week Since 2011?

Gold’s biggest week since 2011? Gold looks like it’s headed for its biggest weekly rally in nine years driven by anticipation of another interest rate cut by the U.S. Federal Reserve and on investors fleeing to safe-haven assets because of a volatile equities market and coronavirus fears. Continue reading…


Gold Rebounds Braces for Week

Gold Rebounds Braces for Week

Gold rebounds, braces for another volatile week. The yellow metal bounced back from Friday’s steep decline to hover around the $1,600 mark amid speculation that the Federal Reserve will cut interest rates in two weeks as the coronavirus continues to spread. Continue reading…


Gold Heads for Third Monthly Gain

Gold Heads for Third Monthly Gain

Gold heads for third monthly gain, but still retreated earlier today as investors gave in to profit-taking temptation sparked by gold’s 1% jump in the last session. The yellow metal still getting some support from speculation that the rapidly spreading coronavirus could lead to rate cuts by central banks. Continue reading…


Palladium Taking Aim at $3,000

Palladium Taking Aim at $3,000
Palladium reached all-time record of $2,911.70 per ounce

ADDISON, Texas (Feb. 27, 2020) – Today, palladium reached its all-time record high of $2,911.70 per ounce. Dillon Gage, the world leader in physical precious metals, explains why palladium is worth a lot more than its weight in gold. Continue reading…


Gold Feeling Pressure

Gold Feeling Pressure

Gold feeling pressure this morning while staying firmly above $1,630 as U.S. stock markets rally following their steep 2-day declines which included the Dow Jones Industrial Average posted its biggest two-day drop in percentage terms in two years. This morning, the Dow is up over 200 points at the opening bell in a somewhat expected rebound.

April gold futures settled at $1,650 an ounce Tuesday on Comex. The yellow metal edged higher Wednesday after dropping 1.6% in the previous session on profit taking. The daily decline didn’t completely erase Monday’s 1.7% rally. Gold is up 3.9% this month as investors have sought safe-haven assets amid mounting fears about the coronavirus and its economic impact. Currently, the April contract is at $1,635.50

The spread of coronavirus outside China has spurred gold toward $1,700 but has also caused equities to tumble. The U.S. Centers for Disease Control added to coronavirus fears Tuesday as the agency warned Americans to prepare for a coronavirus crisis. Holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.7% Tuesday to 940.09 metric tons, Reuters reported.

The Dow fell 3.2% Tuesday after sliding more than 1,000 points Monday, the third worst one-day point drop in the index’s 124-year history. The Standard & Poor’s 500 Index dropped 3% Tuesday.

The coronavirus, designated COVID19, has killed almost 2,800 people worldwide and sickened over 81,000. Most of the cases have been in China, where the outbreak started. The virus is a WHO-designated global health emergency.

“It’s not so much a question of if this will happen anymore but rather more a question of exactly when this will happen and how many people in this country will have severe illness,” Dr. Nancy Messonnier, the head of the National Center for Immunization and Respiratory Diseases at the Centers for Disease Control and Prevention, said during a media briefing, according to NBC.

Fears that the disease’s spread will affect the global economy have increased speculation that the world’s central banks will have to cut interest rates — something that’s usually bullish for gold. The CME FedWatch Tool shows 65.6% odds in favor of a rate cut by the Federal Reserve in April, compared with just 12.8% a month ago. The probability of a cut at the next meeting of policy makers — in March — has also increased to 32.1% from 3.8% a month ago.

In economic news this week, U.S. GDP, initial jobless claims, durable goods and pending home sales data are due out on Thursday. Japanese industrial production, jobs and retail sales figures are scheduled for Friday.

May silver futures fell 3.7% Tuesday to settle at $18.27 an ounce on Comex. They’ve dropped 1.9% in the first two days of this week. Front-month silver futures up 1.4% so far this month after a 0.5% rally in January.

Spot palladium, a metal used primarily in autocatalysts rose 2.8% Tuesday. It surged 11% last week and touched a new record amid a supply crunch. It’s up 19% this month. Spot platinum fel 4% Tuesday and is down 3.5% this month.

 

Disclaimer: This editorial has been prepared by Dillon Gage Metals for information and thought-provoking purposes only and does not purport to predict or forecast actual results. This editorial opinion is not to be construed as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein cannot be attributable to Dillon Gage. Reasonable people may disagree about the events discussed or opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. It is not a solicitation or advice to make any exchange in commodities, securities or other financial instruments. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.


Gold Aiming at $1,700

Gold Aiming at $1,700

Gold aiming at $1,700 an ounce today, setting another seven-year high as investors’ flight to safe-haven assets accelerated when coronavirus cases outside of China spiked, heightening concern about the possible spread, duration and economic impact of the virus spread around the world. Continue reading…


Coronavirus Impacts On Gold

Coronavirus Impacts On Gold

Dillon Gage Gold expert explains why gold performs well in times of uncertainty

ADDISON, Texas (Feb. 21, 2020) Dillon Gage, the world leader in physical precious metals, explains why the coronavirus epidemic ravaging China may send gold futures prices to 7-year record highs above $1,700 an ounce and up.

Gold is considered a safe-haven asset, attracting investors around the world in times of economic or geopolitical uncertainty. But it’s also a commodity that has physical form, and China is the world’s fastest-growing market for physical gold.

This duality has created a tug-of-war in the gold market since the start of the year, with bulls putting money into gold as a safety net, while many of the usual physical buyers in China dwindle because of disease-imposed restrictions on travel, work and movement.

7-year record highs

The most active gold futures contract on Comex – the leading benchmark for the yellow metal – touched a 7-year record of $1647.49 yesterday. Prior to this recent activity, gold prices have stayed within a tight range in the $1,550s to $1,580s ever since. But that’s poised to change.

“This time last year, gold was selling for $1,336.73. It’s been seven years since we’ve seen gold’s value increase like it has the first few weeks of 2020,” said Dillon Gage President Terry Hanlon. “However, a major difference then and now is the strength of the U.S. dollar. Typically, gold doesn’t perform this well when the U.S. dollar is strong. However, a potential widespread viral outbreak of the coronavirus has created a global fear. The economic implications could be devastating.”

What is contributing to gold’s recent rally?

Uncertainty almost always finds buyers flocking to gold as a safe haven.
Investopedia defines a safe haven as, “An investment that is expected to retain or increase in value during times of market turbulence. Safe havens are sought by investors to limit their exposure to losses in the event of market downturns.”

Most recently, gold is likely to hit a series of new records because of a few worrisome factors:

  • The casualty rate from the coronavirus is climbing, and the disease doesn’t appear to be going away anytime soon
  • People like the chairman of the Federal Reserve and the head of the International Monetary Fund have started issuing warnings about the virus’s impact on economic growth
  • Disruptions caused by the disease are starting to affect manufacturing
  • There is fear of inflation

Hanlon explains, “Whenever a world crisis hits, investors get fearful of a potential slump in the financial markets. Typically, during these times, gold has a good run as a safe-haven investment because gold has historically held its value. That’s exactly what we are seeing now; investors buying gold as a hedge. Just look how gold performed during the last recession between 2007 and 2009. Overall, gold held its value while stocks fell significantly.”

Another example was the trade war between the U.S. and China and monetary-policy easing by the Federal Reserve and other banks triggered a huge run-up in precious metals prices in 2019.

“While there is a rush on physical gold, right now, the ill-informed investor may think of the yellow metal as a short-term play. In reality, precious metals are a crucial part of an overall balanced portfolio and should be present in good times and bad. Because of gold’s store of value, many astute investors liken physical metals to an insurance policy for your investments,” said Hanlon.

Dillon Gage is the world leader in physical precious metals trading and technology serving dealers, financial institutions, banks and brokerage houses around the globe. For more information on Dillon Gage Metals, please visit www.dillongage.com or call 800-375-4653. For a weekly update on precious metals, follow Dillon Gage’s blog at www.DillonGage.com/blog.

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About Dillon Gage Metals
Dillon Gage is the world leader in physical precious metals trading and technology serving dealers, financial institutions, banks and brokerage houses around the globe. Since 1976, Dillon Gage has led the way in innovation, advanced trading tools, technology and intellect. The firm is one of a handful who are authorized purchasers of bullion (including coins, rounds and bars) for all major world mints and maintains inventory in over 20 countries. Dillon Gage’s integrated products and services include numismatics, bullion and electronic trading of precious metals and fulfillment, API integration, physical gold tracked by blockchain technology, refining and storage. The firm operates: FizTrade Online Trading, IRAConnect, Dillon Gage Refining and International Depository Services Group, a privately-owned subsidiary of Dillon Gage Metals, with locations in Delaware, Texas and Ontario. Dillon Gage’s philanthropic arm, HELPS International, provides relief, development and educational opportunities to Guatemala. Learn more about Dillon Gage at www.dillongage.com.

Media Contact for Dillon Gage:
Jo Trizila
TrizCom Public Relations
972-247-1369 (Office)
214-232-0078 (Cell/Text)
Jo@TrizCom.com


Gold Holding Above $1,600

Gold Holding Above $1,600

Gold holding above $1,600 this morning after rising past that threshold yesterday, trading at a seven-year high, as investors sought safe havens from uncertainty about the coronavirus’s global impact. This morning the yellow metal shook off the U.S. producer prices report that showed a 0.5% jump last month. Continue reading…


Gold Easing Off

Gold Easing Off

Gold easing off near two-week high as investors continued to gauge the potential impact of the coronavirus on both the global economy and Chinese gold demand, while the Chinese Central Bank steps in with a monetary policy intervention in an attempt to limit the economic impact from the virus outbreak. Continue reading…


Gold Still Near Seven-Year High

Gold Still Near Seven-Year High

Gold still near seven-year high — but dimmed early Wednesday after the Chinese government’s senior medical adviser said that the coronavirus scare, which has triggered a flight to safety by investors, may be over by April. Continue reading…


Gold Rose On Renewed Fears

Gold Rose On Renewed Fears

Overnight, gold rose on renewed fears that the coronavirus will trigger economic disruptions. Futures also rebounded after dropping sharply Tuesday. So far this morning, the yellow metal has shrugged off positive U.S. job numbers and a continued Stock Market rally. Continue reading…


Gold Drops Some This Morning

Gold Dropped Some This Morning

Gold drops some this morning as U.S. stocks regain ground and new economic data reveals surprise manufacturing expansion. The yellow metal had remained relatively steady through the weekend, coming slightly off a four-week high, after the People’s Bank of China intervened to support its economy. Continue reading…


Gold Hanging Tough

Gold Hanging Tough

Gold hanging tough this morning after losing a bit of its virus fear shine overnight. The yellow metal shrugged off expected inflation numbers.

The Department of Commerce reports its Core Personal Consumption Expenditures Index increased 0.2% in December which was inline with analysts’ predictions. Annual core inflation rose 1.6%, a slight bump up from November’s annual reading of 1.5%. Continue reading…


Gold Steady Early Wednesday

Gold Steady Early Wednesday

Gold steady early Wednesday as investors sought direction amid uncertainty about the impact on the global economy of the coronavirus, which is rapidly spreading beyond China, and on economic policy from the Federal Reserve. Continue reading…


Gold Rises On Coronavirus Fears

Gold Rises On Coronavirus Fears

Gold rises on coronavirus fears, with the yellow metal hitting a two-week high early Monday as the virus continued to spread beyond China, adding to investors’ nervousness about a global health emergency that could disrupt the world’s economy. Continue reading…


Gold Off a Bit

Gold Off a Bit

Gold off a bit early Wednesday as the dollar strengthened, and investors seemed to dismiss concerns that a new coronavirus that began in China would cripple the global economy. Spot palladium decreased from a record yesterday, but has regained some ground this morning. Continue reading…


Gold Rose Early Wednesday

Gold Rose Early Wednesday

Gold rose early Wednesday as investors who questioned the effectiveness of a phase-one trade deal between the U.S. and China leaned on the yellow metal as a hedge against uncertainty. An additional boost was felt this morning when the Producer Price Index (PPI) missed expectations. Continue reading…


Gold Bulls Attracted To The Dip

Gold Bulls Attracted To the Dip

Gold bulls attracted to the dip this morning. Gold had slipped overnight as equities soared to new record highs. The yellow metal regained some ground after the release of U.S. employment data this morning, before slipping back. Then Gold bulls stepped back in erasing the dip. Continue reading…


Gold Surged On Iran Tensions

Gold surged on Iran tensions, heading above $1,600 an ounce for the first time in almost seven years after two bases housing U.S. troops in Iraq were attacked by Iran, worsening geopolitical tensions. Palladium reacted by hitting a new record high.This morning’s positive U.S. employment numbers have slightly impacted the yellow metal. Continue reading…


2019 Holiday Hours

Dillon Gage wishes you and your family the happiest of holiday seasons.

The following is our schedule for the 2019 holiday season:

  • Dec. 24th: Trading, Refinery & FizTrade close at Noon Central (CT).
  • Dec. 25th: Dillon Gage Trading & Refinery closed. FizTrade opens at 5pm CT
  • Dec. 26th: Normal trading and refinery hours resume
  • Dec. 31st: Trading, Refinery and FizTrade close at Noon CT.
  • Jan 1st: Dillon Gage Trading & Refinery closed. FizTrade opens at 5pm CT
  • Jan 2nd: Normal trading and refinery hours resume