{"id":14747,"date":"2026-01-30T13:06:00","date_gmt":"2026-01-30T13:06:00","guid":{"rendered":"https:\/\/zukunftsforum-edelmetalle.de\/?p=14747"},"modified":"2026-03-04T07:49:23","modified_gmt":"2026-03-04T07:49:23","slug":"newsletter-vom-30-01-2026","status":"publish","type":"post","link":"https:\/\/zukunftsforum-edelmetalle.de\/en\/newsletter-vom-30-01-2026\/","title":{"rendered":"Newsletter from 30.01.2026"},"content":{"rendered":"
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Newsletter from 30.01.2026<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Dear interested parties in the precious metals markets,<\/span>

Berlin is the world capital of numismatics until Saturday, when the world's largest coin fair opens its doors. The consequences of the price development of gold and silver for the coin industry are eagerly awaited. On the one hand, the attention that precious metals are now also receiving in the daily press is likely to be beneficial for the sale of collector coins. On the other hand, mints and distributors can no longer calculate their products with certainty and price thresholds are being exceeded that are difficult to communicate.

We are delighted to be able to give several presentations on the \u201eLive Stage\u201c and provide valuable insights into the precious metals market. On the one hand, we will be discussing the current situation on the gold market, while on the other we will be focusing on platinum metals. We will also take a look at German gold and analyze the Bundesbank's changing relationship with its gold holdings.

From now until the ZFE 2026, we will inform you once a week about the most important developments relating to the event and the precious metals markets.

With best regards from Frankfurt

Wolfgang Wrzesniok-Ro\u00dfbach & Corinna Schmitz
for the organization team of the FutureForum Precious Metals<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Topic of the week: Is the record price of silver increasingly overloading the trade?<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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The continuing rapid rise in the price of silver is putting dealers increasingly under pressure: in the USA, more and more dealers are no longer buying certain silver products. They are reporting capacity problems with the physical processing of incoming goods. According to industry sources, it is now taking three to four weeks for incoming shipments to be opened and processed. The backlog exists even where additional staff have been hired and work is carried out on Saturdays - an indication that the current market volume is completely overloading the existing processing structures.<\/strong>

The bottlenecks are having an increasing impact on ongoing business operations and in the USA are causing more and more dealers to stop buying \u201ejunk silver\u201c, i.e. historical silver coins with no collector value and signs of wear, due to the comparatively high inspection costs. As a result, regular operations are sometimes restricted, for example through temporary closing days or reduced opening hours on individual days of the week.

Observers see these developments as a symptom of a precarious market phase in the physical precious metals trade in the USA. Traders report that the historically record-breaking price level for silver is causing Americans to scour their basements and attics for usable silver. However, the mass of recycled silver that is now flooding onto the market is apparently becoming an increasing problem for dealers. There are currently no signs of a buying freeze in Germany, although premiums have reached new extremes.<\/p> <\/div>\n \n \n Show more <\/span>\n <\/a>\n <\/div>\n <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Speaker of the week: Dr. J\u00fcrgen Michels (BayernLB)<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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The global economy is operating in an environment that is simultaneously characterized by geopolitical conflicts, structural transformation processes, high levels of sovereign debt and a monetary policy phase following the inflation shock. Growth, stability and financing costs are in a state of tension that can no longer be explained by traditional cycles.<\/strong>

The financial markets are reacting increasingly sensitively to this mixed situation. Since 2025, it has become clear that the era of seemingly clear guidelines - expansive monetary policy, low interest rates, predictable globalization - is coming to an end. Instead, uncertainty, volatility and political factors are determining market mechanics. Although interest rate policy remains a key steering instrument, it is less clear-cut as it has to address inflation risks, economic slowdown and financial stability at the same time. The question is therefore no longer just how strongly markets grow, but under what conditions this growth is sustainable at all.

Against this backdrop, the key question arises anew: where are the economy and financial markets heading? Are we heading towards a phase of structurally weaker growth with higher volatility? Or will it be possible to create new stability through technological productivity gains, investments and institutional adjustments? The decisive factor here is less the short-term outlook than the interplay between monetary policy, fiscal policy, demographics and the geopolitical order.

Dr. J\u00fcrgen Michels, Chief Economist at BayernLB, stands for this macroeconomic classification. As a long-standing observer and analyst of global economic and capital market developments, Michels combines economic analysis with the perspective of a major European financial institution. His focus is on structural trends, monetary policy mechanisms and the interaction between the real economy and the financial markets.

The focus of his contribution is not on forecasting individual market movements, but on the strategic classification of the current situation: What forces are driving growth and inflation in the medium to long term? Where are the risks for financial markets and national budgets? And what adjustments are necessary to maintain economic stability under changing global conditions? This is just as much about the limits of traditional control instruments as it is about the question of what role trust, institutions and political capacity to act will play in the future.<\/p> <\/div>\n \n \n Show more <\/span>\n <\/a>\n <\/div>\n <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Why this topic shapes the framework of the FutureForum Precious Metals<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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The FutureForum Precious Metals sees itself as a platform for classification rather than snapshots. The question of the direction of the economy and financial markets is a central starting point, as it provides the basis for all further discussions on monetary stability, investment decisions and systemic risks. A sound economic perspective creates the necessary framework to view precious metals not in isolation, but in the context of macroeconomic developments - and makes it clear why macroeconomic orientation is an indispensable part of the debate in March 2026 in Frankfurt.<\/strong><\/p> <\/div>\n <\/div>\n <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Our partners: Gold & Co<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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Trading in gold is above all a matter of trust. This trust is built through long-term relationships. This realization is at the heart of the philosophy of Walter Hell-H\u00f6flinger, the founder of the precious metals trade \u201eGold & Co.<\/a>\u201c in Vienna. Gold is a subject close to his heart: as an expert, he does important groundwork to raise awareness of gold counterfeiting. As the organizer of the \u201eGOLD CONNECTED\u201c networking event, his aim is to celebrate gold and the relationships that precious metals create between people with partners and companions once a year. And as a trader, he particularly enjoys drawing attention to gold in the Viennese media landscape with creative and sometimes cheeky advertising motifs.<\/strong>

Gold & Co Luxury Goods Handels GmbH was founded in 2012 and quickly developed into an active player in the Viennese precious metals trade. Founder Walter Hell-H\u00f6flinger, a sworn and court-certified expert for precious metals and European gemologist, brings several decades of industry experience and over 130 years of family tradition in gold jewelry production and precious metals trading to the company. Gold & Co operates three branches in Vienna: In 1090 Vienna (W\u00e4hringer Stra\u00dfe 48), 1030 Vienna (Landstra\u00dfer Hauptstra\u00dfe 8) and 1220 Vienna (K1 shopping center, Kagraner Platz).

The special features of the company lie in the personal and advice-intensive support it provides to customers, the combination of traditional precious metal trading with individual service and the close link between trading and traditional expertise. In addition to the traditional purchase and sale of gold, silver and other precious metals, Gold & Co operates several branches in Vienna and offers tailored advice, valuation of jewelry and old gold as well as support with investment decisions - an approach that deliberately differs from impersonal bank or online transactions.<\/p> <\/div>\n \n \n Show more <\/span>\n <\/a>\n <\/div>\n <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The FutureForum Precious Metals as a forum - for you too!<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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The FutureForum Precious Metals offers companies and institutions the opportunity to present themselves as partners and play an active role in shaping the event. Partnerships enable visibility in front of a highly relevant specialist audience, prominent placement in the communication channels and access to exclusive exchange formats. Would you like to help shape the future of the precious metals market and contribute your expertise in a professional environment? We look forward to hearing from you and will be happy to introduce you to the various models.<\/strong><\/p>\n