Moscow World Standard Driven by Corruption in the LBMA

Gold reserves are a key component of central banking and are pivotal to the backing of and supporting a country’s currency, both for its domestic economy and foreign trade. For decades, Russia has been increasing their gold reserves and central bank holdings. The reported amounts of gold held in reserves have varied depending on the … Read moreMoscow World Standard Driven by Corruption in the LBMA

Zimbabwe to Issue Gold Coins in New Weight and Currency Denominations

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Earlier this year the government of Zimbabwe released a one troy ounce gold coin as a tool for the Central Bank to help keep inflation under control. For many years the Zimbabwe economy has not only been the butt of many jokes, it has served as a very public example of how rampant and out … Read moreZimbabwe to Issue Gold Coins in New Weight and Currency Denominations

JP Morgan Chase Precious Metals Traders in Decade Long Price Manipulation Scheme

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A multi-year investigation by the Justice Department has resulted in the convictions of two key leaders from the Precious Metals Trading Desk at JP Morgan Chase. The two defendants, Michael Nowak and Gregg Smith were convicted by jury of wire fraud, attempted price manipulation, commodities fraud, and price spoofing involving a scheme that spanned for … Read moreJP Morgan Chase Precious Metals Traders in Decade Long Price Manipulation Scheme

Zimbabwe debuts gold coins to fight inflation as local currency tumbles

The Reserve Bank of Zimbabwe (RBZ) announced that it will begin selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency. The announcement comes after the country’s banking regulators raised a key interest rate to 200%, the highest in the world. Inflation in the … Read moreZimbabwe debuts gold coins to fight inflation as local currency tumbles

BullionMax 5 oz Silver Starter Kit

BullionMax 5 oz Silver Starter Kit

The silver at spot price offers have been offered by many bullion dealers as a way to entice first time customers with a great deal. The shutdowns related to the pandemic also impacted the mining industry, including the refiners and private mints. The system-wide supply chain issues have continued to impact precious metal at the … Read moreBullionMax 5 oz Silver Starter Kit

US Mint Halts Production of 2022 Morgan Dollar and Peace Dollar Coins

Designs of the 1921 Morgan and 1921 Peace Dollars

The US Mint has announced a pause in the production of the new Morgan and Peace dollar coins. The suspension of sales and production is a result of supply chain constraints brought on by the pandemic. The Mint has stated previously that they have been having difficulty procuring silver planchets to meet demand and production … Read moreUS Mint Halts Production of 2022 Morgan Dollar and Peace Dollar Coins

eBay Bucks 5% Cash Back When you Buy Gold Coins

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When you click on links to various merchants on this site and make a purchase, this can result in this site earning a small commission. More information about our affiliate programs can be found here. eBay launched a new eBay Bucks promo offering 5% cash back on eligible purchases.  Bullion is an excluded category. Silver & Gold … Read moreeBay Bucks 5% Cash Back When you Buy Gold Coins

Royal Mint Reports Record Demand from American Investors

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In a press release last week the Royal Mint reported record demand in international sales for the final quarter of 2021. Many stackers have been choosing to buy one-ounce Britannia coins since they are regularly one of the lowest priced sovereignly minted coins available. Demand for silver Britannias increased 14% over the same quarter in … Read moreRoyal Mint Reports Record Demand from American Investors

More States Vote to Remove Sales Tax from Precious Metals

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Last year legislators in Ohio and Arkansas voted to end sales tax on precious metals. Reports are emerging from across the country that more states are considering legislation to remove retail sales tax on investments like gold and silver. According to Kitco, “This year Kentucky, Mississippi, Hawaii, New Jersey and Tennessee are all considering removing … Read moreMore States Vote to Remove Sales Tax from Precious Metals

Inflation & Other Issues Begin to Pile Up on the Economy

assorted weight gold colored gold plated bars

Gold $1867.90 Silver $23.72  Platinum $1046.30 Gold/Silver Ratio 78.75 Confidence in the stock market continues to wane amid concerns over escalating issues involving Ukraine and inflation taking hold in the US economy. Oil and other commodity prices have risen sharply this week. Many people struggle to save money under normal circumstances. The pandemic has brought a tremendous amount … Read moreInflation & Other Issues Begin to Pile Up on the Economy