Tag: Gold

Strange $180k Theft from Royal Canadian Mint

Strange $180k Theft from Royal Canadian Mint

By Everett Millman – Gainesville Coins …….   The Royal Canadian Mint (RCM) is alleging that one of its former employees gradually smuggled $180,000 CAD (approximately $136,000 USD) worth of gold out of the mint. The strange part is how they say he did it: by hiding the gold in his anal cavity. Leston Lawrence, […]

A-Mark Precious Metals Acquires Majority Stake in SilverTowne Mint

A-Mark Precious Metals Acquires Majority Stake in SilverTowne Mint

A-Mark Precious Metals, Inc. (NASDAQ:AMRK), a full-service precious metals trading company and an official distributor for all the major sovereign mints, has acquired a majority ownership stake in Indiana-based SilverTowne Mint and entered into an exclusive supplier agreement with Asahi Refining USA Inc. a subsidiary of Asahi Holdings (TSE: 5857), a global refiner and producer […]

By September 5, 2016 0 Comments Read More →
Massive 145-Ounce Gold Nugget Found with Minelab GPZ 7000 Metal Detector

Massive 145-Ounce Gold Nugget Found with Minelab GPZ 7000 Metal Detector

By Minelab ……   The ‘Friday’s Joy’ gold nugget is expected to bring more than $250,000 AUD. It was discovered in a worked-over area at the far southern edge of Central Victoria’s Golden Triangle on a recent Friday morning by a seasoned prospector wishing to remain anonymous. After discovering a nine-ounce tennis ball-shaped gold nugget […]

By August 26, 2016 0 Comments Read More →
Silver Bullion – Making The Transition From Silver To Gold

Silver Bullion – Making The Transition From Silver To Gold

By Al Doyle for CoinWeek …..   According to popular wisdom and common sense, beginning precious metals investors who lack large budgets should purchase silver before venturing into gold. This is very logical for a number of reasons, but it leaves an important question unanswered: When does the silver buyer make the switch to the yellow metal? This […]

By August 15, 2016 0 Comments Read More →
Gold Market Report – Gold Gives up Early Gains in a Nose Dive

Gold Market Report – Gold Gives up Early Gains in a Nose Dive

Commentary for Friday, August 12, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed down $6.70 on the Comex today at US$1,335.80 – what a roller coaster ride this turned out to be. Gold moved dramatically higher in price on the open – at one time trading […]

A World of Gold Coins –  The Japanese Gold Oban

A World of Gold Coins – The Japanese Gold Oban

The Japanese Gold Oban is a large oval gold plate coin, minted in Japan as part of the Tokugawa coinage system. The Oban was the largest denomination coin, valued at 10 Ryos or 10 Koban plate coins. The Tensho Oban was the first type of Oban minted, foreshadowing the full implementation of Tokugawa coinage in 1601. […]

The Coin Analyst –  Should the U.S. Return to the Gold Standard?

The Coin Analyst – Should the U.S. Return to the Gold Standard?

By Louis Golino for CoinWeek ……   August 15 marks the 45th anniversary of the end of the gold standard. In 1971 President Richard M. Nixon ended the convertibility of the dollar with gold, which paved the way for the system of floating, fiat currencies that exists today. Ever since then the U.S. dollar has […]

Precious Metals Market – India Gold Deposits Climb

Precious Metals Market – India Gold Deposits Climb

By Everett Millman – Gainesville Coins …….   The Indian government’s plan to monetize the country’s vast amount of privately-held gold may finally be taking root, little by little. Known collectively as Gold Monetization Schemes (GMS), these various offers for Indian citizens to put their gold to financial use by depositing into an account were […]

Gold Markets Report – Gold Closes Strong on BOJ News

Gold Markets Report – Gold Closes Strong on BOJ News

Commentary for Friday, July 29, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …..   Gold closed up $16.50 today on the Comex at US$1,350.30. This is the highest level gold has seen this week – the lowest close being $1,319.30 – the spread being $31.00. The gold markets got […]

Bullion & Precious Metal News – Why Islamic Gold Demand May Surge

Bullion & Precious Metal News – Why Islamic Gold Demand May Surge

Islamic Gold Dinar By Everett Millman – Gainesville Coins …….   One major development in the global gold market over the last decade has been the liberalization of gold ownership laws in China. This has opened up an incredible flood of new demand for precious metals from the world’s most populous country. There’s still another […]

Spot Metals Soaring

Spot Metals Soaring

By Jim Bisognani – Numismatic Guaranty Corporation …..   10th Annual Summer FUN Set To Sizzle; Wasn’t The Bicentennial Just Yesterday? – Spot Metals Soaring A Summer Holiday As I write this report another Fourth of July Holiday has come and gone. Our great country’s birthday is something which we should all take great pride […]

Gold Markets Report – Gold Closes Higher into the Long Weekend

Gold Markets Report – Gold Closes Higher into the Long Weekend

Commentary for Friday, July 1, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $17.40 on the Comex today at $1,335.80 with highs on the day above $1,340.00 before the settle. Today’s move is again surprising – we are actually showing some footing above $1,300.00 without the […]

Gold Markets Report – Gold Reacts to Brexit

Gold Markets Report – Gold Reacts to Brexit

Commentary for Friday, June 24, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $59.10 on the Comex today at $1320.00 – the result of the overnight Brexit vote.  I did not expect much to happen with the British vote – and now that they have left the […]

Precious Metals Bullion Market: Growing Global Population Will Drive Gold Price

Precious Metals Bullion Market: Growing Global Population Will Drive Gold Price

By Blanchard and Company, Inc …..   The extremely articulate and savvy hedge fund manager Kyle Bass was quoted in 2013 saying, “at some point in time I’d much rather own gold than paper, I just don’t know when that time is.” Like Kyle, many people desire to own gold based solely on the ostensibly […]

Gold Markets Report – Gold Breaks Lower over Possible Interest Rate Hike

Gold Markets Report – Gold Breaks Lower over Possible Interest Rate Hike

Commentary for Tuesday, May 24, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …..   Gold closed down $22.60 at $1228.90 – this was the other shoe falling. The easy answer as to why gold continued to sag this morning… new home sales. The actual number blew past the estimate […]

CoinWeek News Wire for May 20, 2016

CoinWeek News Wire for May 20, 2016

By Coinweek ….   CoinWeek News Wire for May 20, 2016 Brain Food 1.) From jagged edges to flowers: the origins of currencies The dollar is one of the most common currencies in the world used by the US, Australia, Canada, Fiji, New Zealand, and Singapore to name a few. The origin of the dollar, […]

World Precious Metals – Indian Temple Deposits Gold

World Precious Metals – Indian Temple Deposits Gold

By Everett Millman – Gainesville Coins ……….   The government of India may have finally gotten a break regarding its attempts to monetize the country’s vast quantities of “idle” gold. While it is estimated that the public in India holds a staggering 20,000 metric tonnes of gold (or more), a considerable portion of these savings […]

Gold and Metals Market Report – Gold Continues to Attract Attention

Gold and Metals Market Report – Gold Continues to Attract Attention

Commentary for Thursday, April 29, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $15.30 on the Comex today $1265.50 – a not unexpected rise after yesterday’s inaction by the FOMC but there are a few more factors to consider. Gold finished the day on an […]

Gold Markets Report – Gold Moves Lower on Higher Interest Rate Talk

Gold Markets Report – Gold Moves Lower on Higher Interest Rate Talk

Commentary for Wednesday, March 23, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $24.50 at $1223.70 in another round of profit taking as talk of interest rate hikes came back into focus after yesterday’s terrorist attack. Gold was flat in the overnight Hong Kong market but weakened […]

Gold Market Report – Gold Gives up Most of Yesterday’s Gains

Gold Market Report – Gold Gives up Most of Yesterday’s Gains

Commentary for Friday, March 11, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed down $12.20 on the Comex today at $1258.70 so it’s having second thoughts about Mario Draghi’s European Central Bank (ECB) decision yesterday to push “negative” interest rates. Actually today’s loss represents further profit […]

Gold Markets – Are Gold Coins Driving Buying Momentum ?

Gold Markets – Are Gold Coins Driving Buying Momentum ?

By Steven Cochran for Gainesville Coins ……   Gold is Back on Everyone’s Radar Physical gold (and silver) saw huge crowds “buying the dip” in 2015. The US Mint recorded a 52.8% increase in American Gold Eagle sales for the year, while the American Silver Eagle set a new all-time sales record of 47 million […]

By February 26, 2016 0 Comments Read More →
Gold Market Update – Gold Closes up $38.70 and Threatens the Important $1200.00 Level | CoinWeek

Gold Market Update – Gold Closes up $38.70 and Threatens the Important $1200.00 Level | CoinWeek

Commentary for Monday, February 8, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $38.70 on the Comex today at $1196.50. This will get everyone’s attention because during the trading day gold actually moved above $1200.00 before settling lower. Still the peak for gold last year was $1302.00 […]

Gold Market Newsletter – Gold Moves Above $1100.00 Again

Gold Market Newsletter – Gold Moves Above $1100.00 Again

Commentary for Friday, January 25, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc….   Gold closed up $9.00 on the Comex today at $1,106.20 – which is good but without some follow-through momentum this pitch up remains part of the defensive picture. Normally – as the technical picture improves this […]

Gold & Silver Markets – Gold Closes Higher on Safe Haven Buying as Stocks Stumble

Gold & Silver Markets – Gold Closes Higher on Safe Haven Buying as Stocks Stumble

Commentary for Friday, January 15, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc….   Gold closed up $17.60 today on the Comex at $1091.50. Even with all the fanfare the price of gold has been on the choppy side – even with today’s advance we are down $8.00 on the […]

Precious Metals – Gold And The Public’s Complacency

Precious Metals – Gold And The Public’s Complacency

By Dr. Richard S. Appel …….. We can all give many reasons why the gold price should be substantially higher. But reality trumps our reasoning, along with our wishes and desires. This is no more evident than in today’s market for the precious yellow metal. Numerous conditions exist that normally act to drive gold higher […]

My New Year’s Resolution –  Don’t Confuse Debt with Wealth

My New Year’s Resolution – Don’t Confuse Debt with Wealth

By Guy Christopher – Money Metals Exchange….   If you don’t have a magical crystal ball to see the future, then a good history book will do the job. Understanding the past offers a full-color panorama to the dangers and opportunities facing you in 2016. Unpayable debt is becoming the Big Story of the 21st […]

By January 7, 2016 0 Comments Read More →
Gold Market Newsletter – Gold Moves Lower in Thin Trading

Gold Market Newsletter – Gold Moves Lower in Thin Trading

Commentary for Monday, December 28, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $5.50 at $1070.50 today on the Comex in holiday trading. Gold was up $6.60 this past Thursday (12/24) so you can see we are drifting. Everyone will blame oil for everything that went wonky […]

By December 28, 2015 0 Comments Read More →
Gold Market Newsletter – Gold Closes Quietly Lower on Consolidation

Gold Market Newsletter – Gold Closes Quietly Lower on Consolidation

Commentary for Monday, December 7, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc….   Gold closed down $6.10 today on the Comex at $1076.40. Gold gave up about a third of its big gain on Friday – disappointing as this might have been the beginning of something larger. At any […]

Gold Market Newsletter – Gold Moves Higher on Safe-Haven Buying

Gold Market Newsletter – Gold Moves Higher on Safe-Haven Buying

Commentary for Tuesday, November 24, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $8.00 at $1074.80 on the Comex today reacting to the news that Turkish fighters shot down a Russian military jet which they claim had invaded their air space. Supposedly the Turkish military warned the […]

By November 24, 2015 0 Comments Read More →
Gold Market Newsletter – Gold Closes Firm as the Dollar Weakens

Gold Market Newsletter – Gold Closes Firm as the Dollar Weakens

Commentary for Thursday, November 19, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $9.20 on the Comex today at $1078.00. The trading day was typical – opened with a negative bias and trending lower but reversed direction and settled in a relatively flat pattern between $1078.00 and […]

By November 19, 2015 0 Comments Read More →
 
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