September 2025 – Week 2 Edition
My Weekly Coin Pick Just Happens to be One of My Favorite Gold Coins
This week, I recommend adding an expertly selected, lustrous 1911 $2 ½ Indian gold coin in gem uncirculated, MS65 condition to your portfolio. The $2 ½ Indian series has long been a favorite of mine. I have written two Numismatic Literary Guild (NLG) Award-winning books on this very popular series of historic coins. Over the years, these books have stimulated many coin enthusiasts to add this series of coins to their collections, further supporting the market.
The $2 ½ and $5 Indians, first issued in 1908, were minted with the first and only fully incuse design on a U.S. gold coin. It only takes 15 coins to complete a business strike $2 ½ Indian set. This completion factor adds to the set-building collector attraction.
In the entire 15-coin series, one of my favorite Indian Quarter Eagles is the 1911 Philadelphia-minted coin.
The 1911 has a low survival rate, partly due to the U.S. Government’s recall of gold in 1933, known as Executive Order 6102, which led to the melting of many gold coins.
Another point to consider is that I prefer coins with a significant spread between grades. The MS65 1911 $2 ½ costs about five times more in MS66, which is just one grade higher on the Sheldon Scale. This allows for price movement between the two grades and gives collectors an opportunity to make a potential profit should they decide to divest their collection. The 1911 $2 ½ Indian gold coin in MS65 is also currently selling significantly lower than its previous high.
The 1911 was an easy choice for me to include in our innovative 20/20 Program, where I analyze population, popularity, rarity and other factors to find the best value in rare coins on the market, and it has trended much higher since that time.
For all those reasons and more, you will treasure this beauty when you get it in your hands, as many have before you. Contact one of our professional representatives today, as I was only able to acquire a limited number of these beautiful coins in MS65 condition.
Wall Street is Finally Getting on the Gold Bandwagon –
Last week, Goldman Sachs, the major Wall Street financial institution, forecasted that the gold price could rise just as fast in the next 12 months as in the previous 12 months. The firm predicted prices of $4,500 and beyond in 2026, perhaps reaching $5,000 if “certain conditions” are met.
Those “certain conditions” have to do with rising private demand and President Donald Trump’s increasing assault on U.S. Federal Reserve policy. To reach $4,500, Goldman said there would need to be “a major shift by private investors out of U.S. dollar assets into gold.” They said gold could reach $5,000 if only 1% of the private money invested in the U.S. Treasury market was reallocated to gold.
Goldman also predicted that gold could increase dramatically if the Trump administration's attack on the independence of the U.S. Federal Reserve proved successful. That would trigger what they called “a flight from traditional safe havens” (the U.S. dollar or Treasury bonds) to gold.
In that context, Goldman said, “If 1% of the privately owned U.S. Treasury market were to flow into gold, the gold price would rise to nearly $5,000 per troy ounce.” That’s 40% above the $3,473 level of September 1, 2025, matching gold’s 40% gains since September 1, 2024.
Wouldn’t it have been nice if Goldman Sachs had predicted those price gains back in 2024? Then, their customers could have joined the Gold Bandwagon at $2,000 – before an 80% rise! As usual, Wall Street investment firms are late to the party as I have been writing about gold’s ongoing bull market since 2023.
Steve Forbes and I Were Far More Bullish Than Goldman –
Back When the “Old” Goldman Team Was More Cautious
At the IMEX Money Show in Nashville (October 26-28, 2023), I met with former Republican Presidential candidate Steve Forbes for almost 30 minutes. During our meeting, we covered nearly 250 years of the history of gold and inflation, from the time General George Washington (once played by Mr. Forbes at a Freedom Fest event) said that a wagonload of paper “Continentals” was not even worth enough to buy a wagonload of provisions for his troops.
Gold was still trading below $2,000 (at $1,988) but it had risen rapidly in the three weeks since Hamas had invaded Israel. On October 6, 2023, the day before that tragic massacre, gold bottomed out under $1,810 but Steve and I predicted gold was about to make an incredible run, as most mainstream Wall Street firms were far more cautious.
On February 22, 2024, when gold was still trading around $2,020, Goldman Sachs predicted only a 6% rise in gold over the next 12 months. Steve Forbes and I were confident that $2,500 an ounce was in reach. As it turns out, we were a bit “too cautious” too, since gold closed the year 2024 at $2,629 per ounce, up 28%.
Gold was 44% higher (not just 6%) in those 12 months after our price prediction, trading at $2,948 on February 22, 2025. (To see Goldman’s 2024 gold prediction, click: Gold prices are forecast to rise 6% in the next 12 months | Goldman Sachs.)
In 2025, the key to gold’s superior performance has been the decline of the dollar and a new surge of U.S. gold ETF buying. During gold’s significant increases from 2022 to 2024, U.S. investors shunned gold ETFs but in 2025, America’s new entry into the gold ETF market, on top of a weak dollar and a four-year streak of major central bank gold buying, pushed gold higher.
Back in February 2024, Goldman Sachs cited a “lack of ETF purchases” … because gold ETF holdings were “already high, particularly compared with the level of real (inflation-adjusted) interest rates.”
If only Goldman had predicted their current view, that gold would become the new preferred hedge against the dollar and U.S. Treasury bonds, and their customers could have doubled their money from the October 6, 2023, lows of $1,810 per ounce to today’s gold prices of over $3,600.
Going back even further, gold has more than tripled the two major stock market indexes since 2000 and gold has kept rising recently, tripling the market indexes since early 2022 as well.
When will the major Wall Street financial giants start to promote gold early, at lower prices?
Our newly updated Gold Guide has been awarded as the best dealer publication seven times by the industry’s Numismatic Literary Guild. I encourage you to call our professional account representatives to get your free copy of this valuable and comprehensive guide to buying, selling and protecting your gold and silver.
Gold Keeps Soaring as investors are in an “accumulation” mode, not selling on any temporary price dips. In the first six trading days of September, gold is up 6%, at one point piercing $3,700 per ounce on the futures market. Silver is up more slowly (+2.8%) in the same time frame and platinum is up 0.4%, as the industrial precious metals are slowing down from their torrid gains through August. The current precious metals boom focuses on gold – likely due to the lower interest rates expected soon.