California’s retail electricity price is highest in the United States and more than twice the average power cost in the western part of the country.
Since 1998, Democrats have controlled California’s state legislature. They adopted ineffective, misguided and economically damaging energy and climate legislation that created skyrocketing electricity prices for California residents, businesses and organizations.
But despite the Golden State’s supposedly “climate-friendly” legislative schemes, its 2021 average retail electricity price was the highest in the entire country at 19.65 cents per kilowatt hour, an increase of 224.6 percent from the 1999 price of 8.75 cents per kilowatt hour.
The 10 other states in the western U.S. region have a 2021 average retail electricity price of only 9.19 cents per kilowatt hour.
Energy Information Administration (EIA) data shows that the average retail electricity price for the entire country from 1999 to 2021 only grew by 67.16 percent – 6.64 cents per kilowatt hour from 1999 to 11.10 cents per kilowatt hour in 2021.
EIA is the principal agency of the U.S. Federal Statistical System responsible for collecting, analyzing and disseminating energy information. The EIA average retail electricity price data provided the total electric industry price in each state, which includes price information from all full-service providers, restructured retail service providers, energy-only providers and delivery-only service providers. These electric service provider categories comprise the total electricity supply services utilized within each state.
Moreover, the data are established for residential, commercial, industrial, transportation and other consumer categories with an overall total price average included for each state as well the average across the United States.
California shoots itself in the foot with clean energy measures
According to Bloomberg, the jump in demand for natural gas, supply constraints and aging infrastructure has left the region vulnerable to price spikes. Also, the rainy winter has bought up challenges in the green energy transition, proving Californians are not ready yet to sacrifice their use of fossil fuels.
“Unfortunately for Californians, they’re going through this bumpy energy transition where everything doesn’t just fit exactly,” Wood Mackenzie Ltd Research Director Eugene Kim said. “It’s a battle between longer-term energy transition versus your immediate needs.”
Limited storage, damage to a key pipeline and a surge in demand have sent natural gas prices soaring in the state.
California Governor Gavin Newsom and other state politicians were adamant in pushing climate proposals that poured investment into the energy transition, moving away from natural gas and nuclear generation and discouraging significant investment in storage and pipeline capacity.
However, as residents complain of monthly electricity bills approaching $800, the governor has had no choice but to call for an investigation into the prices. (Related: Communist California has mandated unlimited electricity “basic service” at fixed monthly rates for consumers – will end in a grid-down disaster.)
A prolonged drought followed by a wet and chilly winter at first stymied the state’s hydropower capacity and then crippled its short-term solar generation. The gap has left California ill-equipped to deal with any surge in demand or disruption to supply, both of which have happened in recent months. The cold winter has also made Californians crank up their heating systems and has left working gas stockpiles in the Pacific region at their lowest level for this time of year since at least 2010.
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Watch the video below that talks about California’s energy crisis.
This video is from the Millennial Millie Clips channel on Brighteon.com.
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- The race toward renewable energy is DOOMING the UK’s power grid and will lead to rolling blackouts.
- BLACKOUT bill: Minnesota lawmakers pass legislation banning use of coal, oil and gas for state’s electricity grid.
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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.