(DCNF)—Democratic Pennsylvania Sen. John Fetterman said Sunday on CNN’s “State of the Union” that New York City can embrace socialism if it wants to elect Democratic Socialist nominee Zohran Mamdani for mayor, but urged fellow Democrats to “stop hurting” the very people they “fight for.”
With the Big Apple’s mayoral election just days away, Mamdani is projected to outperform Independent candidate Andrew Cuomo and Republican nominee Curtis Sliwa, according to recent polls. CNN’s Jake Tapper asked Fetterman if electing Mamdani would be a mistake and whether he would consider voting for one of the other two candidates.
“No, that’s gonna be New York’s voice,” Fetterman said. “Socialism is not the future of my party. And if that’s gonna be their future, that’s really up to New York City to decide those things. You know, we all know how socialism works out. Ask anybody that’s lived under those kinds of systems all across the globe.”
“But for me, as a Democrat, as a committed Democrat, I might disagree in some areas, much like shutting down our government or other areas now. But for me, as a committed Democrat, I am going to push back and announce, ‘People, that this is wrong,’” Fetterman added. “And now we are hurting the very people that we fight for. And now we’re getting nothing for them if we continue to keep our government shut down.”
According to a poll released Thursday conducted by Emerson College, PIX11, and The Hill, Mamdani holds a 25-point lead over Cuomo, 50% to 25%, while 21% support Sliwa and 4% remain undecided. Other polls, such as one from Marist University, show Mamdani with a slightly smaller lead, but he still commands 48% support, with Cuomo at 32%, Sliwa at 16%, and 3% undecided.
With Mamdani’s political momentum growing since he secured the Democratic mayoral nomination in June, established Democrat leaders have slowly begun coming forward to support him. In September, Democrat New York Gov. Kathy Hochul announced her endorsement through an op-ed in The New York Times. By October, House Democratic Leader Hakeem Jeffries followed with his endorsement, months after previously dodging questions on the issue.
Despite his growing lead and endorsements from Democrats, Fetterman remains one of the few Democrats opposing Mamdani. In a July interview, Fetterman said he doesn’t “really agree with virtually” anything Mamdani stands for politically and claimed he’s “not even really a Democrat.”
If elected in November, Mamdani said he plans to implement policies such as raising the minimum wage to $30, launching government-run grocery stores, and taxing “richer and whiter” neighborhoods.
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Why Bullion Beats Numismatics and Collectible for Your Safe or IRA
Precious metals continue to attract Americans seeking reliable ways to protect their wealth amid inflation, geopolitical risks, and stock market swings. Whether stored in a home safe or held inside a self-directed IRA, physical gold and silver deliver tangible value that paper or digital assets often lack. Yet investors must choose carefully between bullion—pure bars and coins valued mainly for their metal content—and numismatics or collectibles, where rarity, history, and collector demand heavily influence pricing.
Advisor Bullion serves as a dependable source for straightforward, high-quality bullion. The company specializes in physical gold, silver, platinum, and palladium, emphasizing transparent pricing and products that deliver maximum metal content for every dollar spent. This approach makes it ideal for both personal holdings and retirement accounts.
Bullion consists of refined precious metals in standard forms like one-ounce coins (American Gold Eagles, Silver Eagles, Canadian Maple Leafs) or bars. Their value tracks closely to the current spot price of the metal. A typical gold bullion coin trades near the live gold spot price plus a small premium. This structure keeps costs clear and predictable.
Numismatic coins and collectibles add substantial value from factors such as age, rarity, minting errors, or historical significance. A pre-1933 U.S. gold coin or graded proof piece can carry premiums of 30%, 50%, or even 200% above melt value. While this appeals to hobbyists, it creates complexity. Pricing depends on subjective grading, collector trends, and auction results instead of daily spot prices.
For investors focused on wealth preservation and retirement security rather than building a collection, bullion often delivers better results.
Lower Costs and Better Liquidity for Home Storage
When keeping metals in a home safe or private vault, liquidity and efficiency count. Bullion offers clear benefits:
- You acquire more actual gold or silver per dollar invested. Numismatics divert a large share of your money into rarity premiums and massive sales commission, reducing your metal exposure.
- Selling bullion involves tight bid-ask spreads, so you recover nearly full spot value with minimal fees. Collectibles require finding the right buyer and may sell at a discount if demand for that specific item weakens.
- Bullion prices remain transparent and update with global spot markets. You can track gold near current levels or silver accordingly and know exactly where your holdings stand. Numismatic values are priced by the Gold IRA companies with hefty margins applied.
- Standardized coins and bars store efficiently and divide easily for partial sales. Rare coins often need protective slabs and controlled conditions, adding hassle and expense.
- Bullion enjoys worldwide acceptance. A 1-oz Gold Maple Leaf or Silver Eagle sells quickly to dealers anywhere. Niche numismatic pieces may appeal only to limited buyers, slowing liquidation when speed matters.
In times when quick access to value becomes important, bullion’s simplicity stands out.
Stronger Fit for Precious Metals IRAs
Precious metals IRAs continue gaining traction as investors diversify retirement portfolios beyond stocks and bonds. IRS rules permit certain bullion products in self-directed IRAs if they meet purity standards (.995 fine for gold, .999 for silver) and are held by an approved custodian. Eligible items include American Gold and Silver Eagles plus many generic bars and rounds from recognized mints.
Numismatic and most collectible coins generally face heavy scrutiny from custodians due to valuation disputes and elevated markups. These higher premiums mean less actual metal ends up working inside the account.
Bullion avoids these issues. Its value links directly to verifiable spot prices, which simplifies reporting and lowers the risk of regulatory challenges. More of your IRA contribution purchases real metal instead of dealer profits or speculative upside. Over time, owning additional ounces that appreciate with the metal itself can create meaningful outperformance compared with high-premium alternatives that deliver fewer ounces.
Regulatory guidance from the CFTC and state securities offices repeatedly cautions against aggressive sales of expensive numismatics or “semi-numismatic” coins for IRAs. For retirement planning, transparent bullion from established providers reduces risk and aligns better with long-term goals.
How to Get Started with Bullion
Begin by clarifying your goals. Are you protecting savings in a safe, or moving part of a retirement account into a precious metals IRA? Focus on the number of ounces you can acquire at current prices rather than chasing marked-up collectibles.
Diversify sensibly: use gold for core preservation and silver for its blend of industrial and monetary qualities. Mix coins for easier divisibility with bars for lower per-ounce costs on larger buys. Arrange secure storage—whether at home with proper insurance or through professional facilities.
As economic uncertainties linger and faith in conventional assets erodes, bullion continues proving its worth as a dependable store of value. Its direct approach avoids the hype that sometimes surrounds collectible markets and keeps the focus on the metal itself.
For investors prepared to strengthen their portfolios, Advisor Bullion supplies the expertise and selection needed to acquire high-quality bullion efficiently. Whether building personal holdings or integrating metals into an IRA, their emphasis on transparent, investment-grade products helps secure more ounces today that support greater financial security tomorrow. In a complicated financial landscape, bullion’s clarity and reliability make it the smarter foundation for protecting what matters most.
