Central Bank Gold Buying Spree Sets Records
Having a sizable store of central bank gold provides stability for a nation’s fiat currency, and gives confidence to foreign trading partners
Having a sizable store of central bank gold provides stability for a nation’s fiat currency, and gives confidence to foreign trading partners
Smart, lower silver premium alternatives to help lower dollar-cost average
Preliminary data shows that silver mine output increased by 4% global last year.
While SpaceX is currently the leading company in commoditizing space travel, a new startup is preparing to launch a prototype demonstration outer space refinery.
Pre-pandemic, many online bullion dealers would offer new customers the opportunity to buy 5 oz or 10 oz of silver at spot price.
Both the Perth Mint and the Royal Mint have announced huge increases in year over year sales of precious metals.
Silver spot price deals are an incentive for new customers to buy silver from a dealer that they may not have bought from before.
Smaller dealers that offer a silver at spot price deals use it as a way to earn the trust of a new customer. Showing a new customer the quality of their customer service, allows the dealer the opportunity to contact that customer after the first transaction to show the customer that they offer better pricing than the big guys.
The official coronation of King Charles will occur in May. The Royal Mint is releasing new coin designs to celebrate this historic event and transition. The Type 2 design for the 2023 Britannia features a newly sculpted portrait of His Majesty King Charles III.
Commonwealth countries will likely be following the lead and updating their coins.
The latest report shows modest slowing of inflation in December, with the index showing that overall prices increased roughly 6.5%.
Miners are expecting bullish returns in 2023 as they expect the gold prices to catch up with inflation.