Bullion & Metals

Speculation “Driving Gold” Near 4-Week Lows as Chinese Gold Market Gets “Massive Vote of Confidence”

Speculation “Driving Gold” Near 4-Week Lows as Chinese Gold Market Gets “Massive Vote of Confidence”

WHOLESALE DEALING in gold was muted Monday morning in London, with prices bouncing off their lowest level in almost 4 weeks at $1280 per ounce as European stock markets rose. Major government bonds ticked higher after Friday’s sharp sell-off on strong US jobs data. Silver prices also fell to their lowest level since Oct. 17th, turning […]

By November 11, 2013 2 Comments Read More →
Sales Of Silver American Eagle Coins Surge And Could Near Their 2011 Record

Sales Of Silver American Eagle Coins Surge And Could Near Their 2011 Record

Silver Eagles are easier to sell, store and transport than large bars So far this year, sales of American Eagle silver coins from the United States Mint have already surpassed last year’s level as investors snap them up at a breakneck pace. The Mint will continue the sale of the 2013 Silver American Eagle Coins […]

Gold industry generated over $210 billion for the global economy in 2012, new study finds

Gold industry generated over $210 billion for the global economy in 2012, new study finds

The gold industry contributed more than US$210 billion to the world’s economy in 2012 – roughly equivalent to the GDP of the Republic of Ireland, Czech Republic or Beijing – new research released today reveals. The direct economic impact of gold, an independent research report by economists at PwC and commissioned by the World Gold […]

Urge to Dump Gold Finished as US Fed Turns Dovish

Urge to Dump Gold Finished as US Fed Turns Dovish

WHOLESALE London prices of gold sat tight Monday morning, holding onto Friday’s 6-week closing high as European stockmarkets failed to continue a rise in Asian shares. Silver was unchanged with commodities, major government bonds and gold, sitting at $22.58 per ounce by lunchtime. The US Dollar rallied after hitting a new 9-month low on its […]

By October 28, 2013 1 Comments Read More →
Best Week in 11 for Gold on US Short-Covering, Indian Festivals

Best Week in 11 for Gold on US Short-Covering, Indian Festivals

from Adrian Ash – BullionVault ………………… The PRICE of wholesale gold slipped but held near 1-month highs Friday morning in London, heading for the strongest week-on-week gain since mid-August at $1343 per ounce. Rising 1.7% from last Friday’s finish, gold prices lagged silver – up 2.3% for the week – as European stock markets held […]

By October 25, 2013 0 Comments Read More →
Continuing Appropriations Act of 2014 Effectively Abolishes US Federal Debt Ceiling

Continuing Appropriations Act of 2014 Effectively Abolishes US Federal Debt Ceiling

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. The Continuing Appropriations Act of 2014 enacted this week proves once more that you can count on politicians to think of themselves first, and the people last. Section 1002 of this law has its own title, “Default Prevention Act of 2013.”  This section effectively […]

The Gold and Silver Bullion Market’s Big Issues, Part I

The Gold and Silver Bullion Market’s Big Issues, Part I

by Adrian Ash BullionVault………… Price action isn’t the big players’ big concern in gold and silver right now… “FAITH and RELIGION,” said Edel Tully of UBS, the Swiss investment and bullion bank. “Those were key themes,” she said, summing up this year’s LBMA conference last Tuesday evening. We could hardly ignore those topics, meeting in the hills just […]

Sense of Calm Keeps Gold Flat Despite Threat the US Won’t Pay Its Bills

Sense of Calm Keeps Gold Flat Despite Threat the US Won’t Pay Its Bills

PRECIOUS METAL prices were unchanged in what dealers called “thin, quiet” Asian and London trade Monday morning, despite increasing fears the US government will fail to meet its obligations in only 10 days’ time. “Congress is playing with fire,” Treasury secretary Jack Lew told CNN on Sunday. Because “if the United States government, for the […]

Volatility Rising in Gold and Silver as US Shutdown Cancels Non-Farm Friday

Volatility Rising in Gold and Silver as US Shutdown Cancels Non-Farm Friday

PRECIOUS METALS fell back Thursday morning in London, with gold reversing $20 of yesterday’s near-$50 rally to trade 2.6% lower for the week so far. The price of silver dropped almost 50c from Wednesday’s peak, but held only 1.1% beneath last week’s finish at $21.57. World stock markets meantime ticked lower, as did major government […]

By October 3, 2013 0 Comments Read More →
Strange CFTC Announcement About Silver Market Manipulation

Strange CFTC Announcement About Silver Market Manipulation

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. Last Wednesday, the US Commodity Futures Trading Commission (CFTC) issued a news release titled “CFTC Closes  Investigation Concerning the Silver Market.” The last sentence of the first paragraph states, “Based upon the law and evidence as they exist at this time, there is not […]

Is it All Doom and Gloom for Gold?

Is it All Doom and Gloom for Gold?

by Tony Davis – Atlanta Gold & Coin Buyers ………. Nouriel Roubini, who is known in the financial industry as “Dr. Doom,” was recently the keynote speaker at the IndexUniverse’s annual conference. He shared with the attendees his forecast of various asset classes, including gold, which were published in a recent MarketWatch piece. Dr. Roubini […]

By September 25, 2013 1 Comments Read More →
Austrian Mint Director Talks About the Silver Philharmonic Bullion Coin. VIDEO: 1:29

Austrian Mint Director Talks About the Silver Philharmonic Bullion Coin. VIDEO: 1:29

Manfred Matzinger-Leopold, Director, Austrian Mint Interviewer: David Lisot, CoinWeek.com……… The European counterpart to the American Silver Eagle is called the Philharmonic. It is a one ounce silver denominated coin struck in Austria. The Director of the Austrian Mint talks about the success and continued demand for this European Philharmonic bullion coin. Copyright © CoinWeek – […]

By September 23, 2013 0 Comments Read More →
Three Reasons Why Gold and Silver Investors Should Ignore Talk of Fed Tapering

Three Reasons Why Gold and Silver Investors Should Ignore Talk of Fed Tapering

by Tony Davis – Atlanta Gold & Coin Buyers ………. If you follow the commodities markets, you’ve probably noticed that there has been a good bit of volatility in the price of gold and silver leading up to the Federal Open Market Committee’s (FOMC) September meeting. The Fed completed their two day meeting this afternoon […]

By September 19, 2013 0 Comments Read More →
Gold “Fierce” If Fed Surprises, Investment Banks Urge “Sell” as Traders “Spooked”

Gold “Fierce” If Fed Surprises, Investment Banks Urge “Sell” as Traders “Spooked”

The WHOLESALE price of gold fell below $1300 for the first time in 6 weeks Wednesday morning in Asia, as traders in all markets awaited today’s US Fed announcement on QE tapering. Regaining that level in London – a record high when first reached 3 years ago next week – gold still held 7% beneath […]

By September 18, 2013 0 Comments Read More →
Gold Took Off When Lehman Melted Down

Gold Took Off When Lehman Melted Down

By Miguel Perez-Santalla ………. Reflections on Precious Metals on the 5 Year Anniversary of the Collapse of Lehman Brothers Five years ago, on September 15, 2008, Lehman Brothers collapsed and the entire U.S. financial systems threatened to go with it. In record numbers, investors looked to gold as a hedge against a plummeting stock market […]

By September 16, 2013 0 Comments Read More →
Gold Investor Index Hits 4-Month High as Silver Surges

Gold Investor Index Hits 4-Month High as Silver Surges

By Miguel Perez-Santalla Private investor sentiment towards gold bullion rose in August to its best level since April’s 16-month high, according to the latest Gold Investor Index from BullionVault. As the price of gold recovered to $1400 per ounce, erasing the last of June’s 15% plunge, the online bullion exchange saw its measure of investor […]

By September 9, 2013 0 Comments Read More →
The Free Competition in Currency Act: Member Of Congress Does Not Understand Economics And US Monetary History

The Free Competition in Currency Act: Member Of Congress Does Not Understand Economics And US Monetary History

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. Last week, a customer of mine forwarded to me the text of a letter he received from the US House of Representatives member for his district.  The August 28 letter was in response to our customer’s request that this Representative support H.R. 77, the […]

Gold Erases Week’s 2.5% Gain After UK Rejects Syrian Action

Gold Erases Week’s 2.5% Gain After UK Rejects Syrian Action

The PRICE of gold fell $15 in London trade Friday morning, reversing the last of the week’s 2.5% gain to sit flat at $1395 per ounce. Silver had already slipped, and then also fell hard as London opened for business, dipping below $23.50 per ounce. Unlike the gold price silver then regained most of that […]

Hot, Molten Silver Minted Into Pure Silver Rounds with The Coin Explorer from Gainesville Coins

Hot, Molten Silver Minted Into Pure Silver Rounds with The Coin Explorer from Gainesville Coins

With Steven Cochran The Coin Explorer at Gainesville Coins ……… Today we’re visiting one of the mints that supplies Gainesville Coins with some of its best-selling silver rounds and bars. I’ve brought along one of the 1000 oz silver bars we send to them, and today we’re going to follow this bar, from smelting to final […]

Quest For Profitability in Precious Metals

Quest For Profitability in Precious Metals

By Rick Mills – Aheadoftheherd.com ………. As a general rule, the most successful man in life is the man who has the best information There’s an interesting interview done by Geoff Candy over on mineweb. com. In the interview Geoff asks Gold Fields CEO, Nick Holland “What went wrong with the gold industry?” Holland’s reply […]

By August 26, 2013 0 Comments Read More →
Consumer Demand for Gold Up 53% in Q2 2013 Led by Strong Growth in China and India

Consumer Demand for Gold Up 53% in Q2 2013 Led by Strong Growth in China and India

The latest World Gold Council Gold Demand Trends report, which covers the period April-June 2013, highlights how recent falls in the gold price have generated significant increases in demand, most notably from consumers in China and India – by far the biggest markets for gold – compared with the same time last year. Globally, jewellery […]

Perth Mint Reveals 2014 Gold and Silver Australian Bullion Coin Program

Perth Mint Reveals 2014 Gold and Silver Australian Bullion Coin Program

The Perth Mint has unveiled the latest designs of the Australian Bullion Coin Program to an audience of financiers and investors in Frankfurt, Germany. Featuring six series, the 2014 program showcases Australia’s iconic fauna in their natural environment, and the seventh animal from the ancient Chinese zodiac as the lunar calendar enters the spirited Year […]

Fed Minutes Split Metals Traders, India’s Festival Gold “Already Stockpiled”

Fed Minutes Split Metals Traders, India’s Festival Gold “Already Stockpiled”

London Gold Market Report from Adrian Ash BullionVault Wednesday, 21 August 08:15 EST BULLION prices recovered most of an earlier dip lunchtime Wednesday in London, with gold trading 1.2% lower for the week so far ahead of policy-meeting minutes from the US Federal Reserve. Asian and European stock markets fell once again, as did commodities […]

Demand for Gold Coins & Bar Already Near Total 2012 Sales

Demand for Gold Coins & Bar Already Near Total 2012 Sales

By BullionVault …….. China and India lead jump in gold coins and bar investment, but ETF sales by Western money managers still weigh heavy… THIS YEAR’s gold coin and bar demand from private investors already totals more than three-quarters of 2012’s full-year total, according to authoritative data compiled for the World Gold Council. The market […]

Five Reasons Why the Upside Potential of Gold Outweighs the Downside Risk

Five Reasons Why the Upside Potential of Gold Outweighs the Downside Risk

by Tony Davis – Atlanta Gold & Coin Buyers ………. I recently met with a nice couple that was selling gold coins to meet a short term need, but that still has a good bit of gold bullion on hand.  They have seen the price of gold fluctuate from a high of $1,900 to approximately […]

By August 19, 2013 1 Comments Read More →
What is Money? – A Three-part Congressional Lecture series

What is Money? – A Three-part Congressional Lecture series

Below is a three-part Congressional Lecture series covering the basic principles of money for Congressional staff.  It was sponsored by Congressman Ron Paul and was posted to YouTube on August 8th, 2013 The series is presented to our CoinWeek readers as an educational tool that provides one perspective on the nature and role of money […]

By August 16, 2013 0 Comments Read More →
Gold and Silver Coins: Never Subject to Downward Revisions

Gold and Silver Coins: Never Subject to Downward Revisions

by Tony Davis – Atlanta Gold & Coin Buyers ………. Irwin Kellner, MarketWatch’s chief economist, recently published an article  regarding the government’s reporting of statistical data and the accuracy, or lack thereof, of the information.  In more cases than not, the initial data reported is subsequently revised downward, which is oftentimes buried, leading many individuals […]

By August 9, 2013 3 Comments Read More →
How Will Friday’s Jobs Report Affect Gold & Silver Prices?

How Will Friday’s Jobs Report Affect Gold & Silver Prices?

By Tony Davis Investors are anxiously waiting on the edge of their seats to determine what the Federal Reserve’s plans are with respect to their $85 billion a month bond buying program, but the Fed provided very little guidance in their statement on Wednesday, only indicating that the economy is showing modest growth, which some investors construe as […]

By August 6, 2013 0 Comments Read More →
Gold Nears 10% Monthly Gain Ahead of Fed Decision as US Economy Surges, Inflation Flatlines

Gold Nears 10% Monthly Gain Ahead of Fed Decision as US Economy Surges, Inflation Flatlines

Adrian Ash – BullionVault ………… The PRICE of wholesale gold fell back to $1320 per ounce Wednesday lunchtime in London as new data showed the US economy expanding faster-than-expected. Second quarter GDP rose 1.7% in real terms from a year earlier, the Bureau of Economic Analysis said. Inflation in consumer goods and services fell to […]

By July 31, 2013 0 Comments Read More →
Changes in Silver Part 3: So Who Is Buying?

Changes in Silver Part 3: So Who Is Buying?

by Miguel Perez-Santalla BullionVault With photography gone, and PV not plugging the gap, where is silver seeing the strongest demand…? FOR ALL ITS monetary and investment history, silver is by far an industrial metal today. The industrial sector consumed close to 466 million ounces of silver in 2012 according to the Silver Institute. Add what’s left […]

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