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HSBC Launches Gold Token, Chinese Investors Turning to Gold Beans, SWIFT Planning CBDC Rollout

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HSBC has launched a gold token for retail investors in Hong Kong. The token is backed by physical gold held in the bank’s London vault and is powered by distributed ledger technology. This allows for efficient and cost-effective tracking of allocated and unallocated gold holdings. The token is equivalent to 0.001 troy ounce of gold, enabling fractionalization of gold bars and direct investment by retail investors. Coindesk has further details.

China’s Gen Z Prefers to Buy Gold Beans

In recent years, young Chinese investors, particularly those from Generation Z, have shown a growing interest in purchasing gold “beans” as a form of investment. These gold beans are small, pill-sized gold products weighing around one gram and priced between 450 to 600 yuan. Each gold bean is a little larger than the casting grain utilized by jewelers. The trend has been driven by economic instability and as a way to preserve wealth in a tangible form.

Gold beans have become popular among young Chinese investors due to their affordability and the belief that gold is a safe and low-risk investment option. This trend is reflected in the surge of gold sales in China, which reached a six-year high in December 2023. Buying one or two grams per gold per week is a good way to store tangible wealth.

SWIFT Plans CBDC Roll Out in the Next Two Years

SWIFT is collaborating with Capgemini to conduct new experiments to test how they can interlink domestic CBDCs and take the next step towards seamless cross-border payments involving digital currencies. This time they are testing how SWIFT can interlink the multiple domestic-based CBDC networks emerging worldwide to make cross-border payments with CBDCs more seamless and frictionless.

This important step forward builds on the core capabilities of the SWIFT banking network and means that as CBDCs and tokens develop, they can be rapidly deployed at scale to facilitate trade and investment between more than 200 countries and territories around the world. SWIFT is trying to catch up to the efforts by BRICS countries in facilitating local currency transactions along with a return to a gold standard. TechReport.com has more details.

Recent Additions to Gold Coin Price Tracking

FindBullionPrices.com already tracks the prices of dozens of 1 oz gold coins from many trusted and reputable precious metals dealers. Additional coins have been added in recent weeks, providing additional options for investors looking for the lowest premium gold coins.

2024 1 oz Beowulf and Grendel Gold Coin

From the Royal Mint, the 2024 1 oz Beowulf and Grendel Gold Coin is part of a new series which celebrates the great battles from the poem Beowulf. Beowulf, believed to have been originally written in the 8th century is considered the highest achievement of Old English literature.

The series starts Beowulf’s heroic first tale, the battle against the swamp monster Grendel. The reverse shows the Beowulf in a defensive position with his spear at the ready, while Grendel towers above. Inscriptions are included for the year, weight, .9999 fine gold purity. The obverse of each 1 oz gold coin from the Royal Mint contains an obverse portrait of King Charles and this one is no exception and includes the face value.

2024 Britannia and Liberty 1 oz Gold Coin

The 2024 Britannia and Liberty 1 oz Gold Coin is the first issue of a new collaboration between artists and sculptures from both the Royal Mint and the US Mint. The teams worked together on the reverse design, which combines the portraits of Britannia and Lady Liberty into a single design.

Right side up, the coin shows Britannia wearing her helmet and carrying a trident in her hand. The 180 degree flip shows a modernized interpretation of lady liberty holding the flaming torch.

The Royal Mint is a government-owned mint that produces coins for the United Kingdom. It is responsible for manufacturing and distributing coins for the UK, as well as producing and selling commemorative coins and medals.

The Royal Tudor Beasts collection is continued with the 2024 Seymour Unicorn 1 oz Gold Coin. The reverse features the Seymour Unicorn, which represents the strength and purity of the union between Henry VIII and Jane Seymour. A distinct surface animation background is incorporated into the chain mail surface texture providing adding an additional point of anti-counterfeiting security.

There are many 1 oz gold coins from the Royal Mint that are highly sought after by collectors and investors because they are known for producing a wide range that includes intricate and beautiful designs, while also employing advanced security features to prevent counterfeiting and ensure authenticity.

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Silver buyers reporting issues with sales tax and order cancellations with Walmart

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When Walmart began selling precious metals through their website marketplace last year, it became a convenient way for stackers to add some silver to their order of other household goods.

As the popularity of buying precious metals online grows, many buyers have experienced issues with being charged sales tax in states where metals aren’t taxed. Some buyers turn to social media for advice on how to deal with customer service when resolving sales tax issues.

Sales tax on precious metals is contentious issue, which is a complicated patchwork of outdated state laws that have created issues that online retailers must contend with since South Dakota v. Wayfair decision in 2018.

Since that landmark decision from the Supreme Court, large online marketplace retailers like Walmart and eBay are required to collect state and local sales taxes and remit those to their respective government agencies.

Gold and Silver Legal Tender

Already, 11 US states have taken steps to officially recognize gold and silver as legal tender. More states have pending legislation that either eliminates sales tax on precious metals or recognizes it as currency.

The United States was founded on sound money principles. The founding fathers included in the Constitution the rules that states must follow when issuing legal tender.

“no state shall make any thing but gold and silver coin a tender in payment of debts”

Texas was the first state to establish its own bullion depository, and there is pending legislation that aims to create the first state-issued gold-backed crypto-currency that will be redeemable to physical gold.

While the Federal Reserve continues to battle with inflation and interest rates, Republican lawmakers have introduced new legislation titled “The CBDC Anti-Surveillance State Act” to ban a CBDC in the United States.

In a press release, Senator Ted Cruz said “The Biden administration salivates at the thought of infringing on our freedom and intruding on the privacy of citizens to surveil their personal spending habits, which is why Congress must clarify that the Federal Reserve has no authority to implement a CBDC.”

Dedollarization and the Return to a Gold Standard

The BRICS member nations have been making progress with developing a gold-backed common currency for trade. It’s already been reported that last year, roughly 20% of the world’s oil trade was done in non-dollar currencies, a record high since the introduction of the petrodollar in the 1970s.

China stockpiled more than 225 tones of gold during 2023. According to central bank holdings data, China’s central bank is now holding 2,235.39 tons in gold reserves, almost on par with Russia’s holdings of 2,332.74 tons.

Additionally, other BRICS countries are quickly accumulating more gold. Five additional countries have announced they are joining BRICS, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates. While dozens of others have expressed interest.

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Zimbabwe Takes Steps to Move Towards a Gold Standard

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Amid an economic crisis with record high inflation over the last year, the country of Zimbabwe announced its plans to issue a gold-backed Central Bank Digital Currency (CBDC) as a way to facilitate easy payments and push for the adoption of local currencies over the US Dollar.

This week, finance minister Mthuli Ncube announced intentions to link the Zimbabwe dollar to the country’s growing gold reserves as the country attempts to stabilize the exchange rates and the economy by reintroducing the gold-standard.

In 2022, Zimbabwe enacted a law that required mining companies to pay a royalty on precious minerals and minerals to the country’s central bank. The royalty rates range between 5% for gold and platinum group metals and 10% for diamonds. Since then, the country’s central bank currently holds roughly 793kgs of gold in reserves valued at roughly $49 million at the current price with plans to grow reserves to around $100m.

Currently, the Zimbabwe gold-backed digital currency that was introduced in 2023, is in use as legal tender and a store of value alongside the Zimbabwean dollar and bond notes.

Zimbabwe has also expressed interest in joining the BRICS alliance, which has a strong preference for asset backed local currency transactions for international trade.

The land-locked Sub-Saharan country is home to a plethora of natural resources, such as large deposits of coal, chromium ore, asbestos, gold, nickel, copper, iron ore, vanadium, lithium, tin, and platinum group metals. Zimbabwe is a major exporter of platinum, cotton, tobacco, gold, ferroalloys, and textiles or clothing.

The country contains the second-largest platinum deposit and high-grade chromium ores in the world, with approximately 2.8 billion tons of PGM and 10 billion tons of chromium ore.

Leaders in Zimbabwe began the process of returning to the gold-standard in 2023 with the hopes of stabilizing its economy and establishing its local currency in global markets.

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What is Fiat Money?

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dedollarization and the introduction of a BRICS basket currency

Fiat currency, also known as fiat money, is a type of currency that is declared by a government to be legal tender and is accepted as a medium of exchange within a specific country or region.

Unlike commodity money, which has intrinsic value because it is backed by gold or silver coin, fiat currency has no inherent value and is not backed by a physical commodity.

Instead, its value is established and maintained by government decree and the trust and confidence of the people who use it.

Modern currencies, including the US Dollar, European Euro and the British Pound, are all examples of fiat currencies.

The United States began transitioning away from the gold-standard during the first half of the 20th century. During the Great Depression, the government took the extreme step of confiscating all of the gold coins that were circulating throughout the economy and made it illegal for private citizens to own gold.

Many of the gold coins were melted into large format gold bars and were moved to the Gold Depository at Fort Knox, where they remain sealed away to this day.

In the case of the dollar, its value is established and maintained through the authority and credibility of the Federal Reserve. It’s essentially a social agreement that people will accept the currency in exchange for goods and services.

Commodity Backed Money

Fiat currency has no inherent value as it is not backed by a physical commodity. Commodity backed money, which is backed by gold, silver or other commodities, has value due to its intrinsic properties.

The Treasury and Federal Reserve have the authority to control the supply of dollars. They can print more money or remove it from circulation, which can influence factors like inflation and deflation.

The regulators at the Fed and Treasury Department have a few monetary policy tools at their disposal to manage the economy. This includes adjusting interest rates, implementing quantitative easing, and regulating the money supply to influence economic conditions.

One of the major concerns with fiat money is the potential for inflation. Since fiat money is not backed by gold or silver, governments and central banks have the authority to print money at will. If the money supply increases faster than the growth of goods and services in the economy, it will lead to inflation, eroding the purchasing power of money and causing prices to rise.

Unlike commodity money like gold or silver, which have intrinsic value, fiat money has no inherent value. Its value is solely based on the trust and confidence that people have in the issuing government. If that trust wanes, the value of fiat currency can be at risk and individuals and everyday workers will continue to see the purchasing power of the dollar diminish over the years. It can impact the ability to save for the future and plan for retirement.

While physical coins and banknotes are common forms of fiat currency, many of today’s transactions are conducted digitally using electronic forms of money, such as online banking, credit cards, and digital wallets.

Fiat Money CBDC

The Federal Reserve and other central banks are pushing for the adoption of a Central Bank Digital Currency (CBDC), which will allow the government to control how you spend your money, and what you will be allowed to purchase.

While this can be used to manage the economy, it also means that economic decisions are concentrated in the hands of a few, which will lead to potential abuse or mismanagement.

CBDC transactions can be easily tracked and monitored by the central bank and government authorities, raising significant concerns about individuals’ financial privacy and the potential for government surveillance.

The digital nature of CBDCs also makes them vulnerable to cyberattacks and hacking attempts. A successful breach could lead to the theft of funds or disruption of the financial system.

The introduction of CBDCs will continue to disrupt traditional banking and payment systems, affecting financial institutions and fintech companies.

CBDC allows central banks to have more direct control over monetary policy and money supply. Fiat currency is influenced by central bank policy but also impacted by commercial banks and economic factors.

The introduction of CBDC requires additional technological infrastructure and regulatory frameworks for digital payments and security. Earlier this year, the Federal Reserve introduced the FedNow payment gateway system, requiring commercial banks to adopt this new payment system is part of the long-term launch plan.

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SEC Tightens Crackdowns on Crypto Exchanges as Federal Reserve Forces Banks to Adopt FedNow CBDC

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The Securities and Exchange Commission launched another attack on crypto exchanges Coinbase and Binance this week, a move that had been expected. Given the overlap with the timeline of the Federal Reserve forcing banks across the country to implement FedNow as part of the backbone of an ongoing effort to implement a central bank digital currency.

The charges against Binance allege that the exchange “misled” its users about how their deposited funds for staking would be used, including by allegedly funneling customer assets into separate entities owned and controlled by its founder, Changpeng Zhao.

The charges against Coinbase allege that the company is acting as an unregistered broker and exchange. The government alleges that the Coinbase’s flagship prime brokerage, exchange and staking programs violate securities laws, adding that the company “has for years defied the regulatory structures and evaded the disclosure requirements” of U.S. securities law.

The SEC is demanding that the company be “permanently restrained and enjoined” from continuing to do so.

Gary Gensler, a long-time advisor to Sam Bankman-Fried and the FTX Exchange prior to becoming the Chair of the SEC, has made statements in the past that he believes that there should be less cryptocurrency options in the marketplace.

The cases are likely to extend for years and will likely have long-term implications for the future of crypto investing that extend far beyond only these two companies. The agency is targeting the marketplaces where trades are brokered and cleared, which is at the heart of the cryptocurrency industry’s critical infrastructure., an unwelcome development for pro-crypto groups like the Blockchain Association.

However, advocates for crypto claim that Congress is responsible for establishing the laws regarding digital assets, with two proposals currently circulating in Committees to create a federal framework for regulation for crypto assets.

“Contrary to what [SEC Chairman Gary Gensler] says, there is no regulatory clarity for digital assets,” said Kristin Smith in a statement Tuesday. She is the CEO of Blockchain Association, a pro-crypto lobbying group who also pointed to two regulatory proposals the House currently under debate.

The Federal Reserve continues to drive CBDC efforts, while gaslighting the public with denials about their ongoing efforts to implement a central bank digital currency as the use of the dollar continues to dwindle around the world.

While the FedNow service is being pitched as a solution to the high fees charged by private banking networks, the platform will also enable the Federal Reserve to launch an assortment of consumer-to-business, business-to-business or consumer-to-consumer.

Topics around CBDC implementations have organically risen as issues in the current presidential race.

Democrat presidential candidate Robert Kennedy Jr believes that the FedNow service is part of a long-term strategy to outlaw bitcoin and any cryptocurrency that competes with the Federal Reserve.

While the FedNow service is initially restricted to interbank transactions, Kennedy points out that this is “the first step in banning and seizing bitcoin as the Treasury did with gold 90 years ago today in 1933.”

He goes on to explain that digital currency could give the US government power to freeze and seize citizens’ assets or even limit your spending when you fail to “to comply with arbitrary diktats.”

Binance has announced that it will be halting all withdrawals of US dollars as soon as June 13 and transitioning to an all crypto model.

The exchange saw the withdrawal of more than $700 million dollars in customer assets this week, with huge sell-offs occurring for certain tokens that were outlined in the government’s lawsuit.

The government’s war against bitcoin and other cryptocurrencies is reminiscent of the efforts to restrict gold ownership and gold bank withdrawals leading up to the government seizure of all privately owned gold in 1933.

Many of the tactics being used by the government are to sow Fear, Uncertainty and Doubt (FUD) and to keep consumers and everyday Americans confused about cryptocurrencies and scared of risking their financial security to private digital tokens. While at the same time, failing to warn or be transparent with the public about the inherent dangers of a central bank controlled digital form of money.

The government does not like competition. The Federal Reserve sees the use of any non-central bank controlled digital currency as a competitor to the dollar. Compared to crypto, gold and silver are the most trusted and proven long term store of value.

Private ownership of precious metals like silver, gold and platinum has been legal since 1974. There are currently an assortment of States, such as Texas, that are pushing to return to the gold-standard with the introduction of precious metals backed digital tokens that can be exchanged for gold.

The Goldback is an existing physical gold-based private legal currency in several states, with the gold-foil notes being issued for New Hampshire, Utah, Wyoming and Nevada is also among the option available to investors.

If you’re an investor looking to use crypto to buy silver bars, you can find a variety of trusted and reputable online bullion dealers who accept various forms of crypto for payment and have the generic 10 oz silver bars shipped directly to your door.

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Florida and Indiana Ban Use of CBDC

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Both Florida and Indiana have recently passed laws banning the use of a central bank digital currency (CBDC) as money in those states.

These laws explicitly exclude a CBDC from the definition of money in Florida and Indiana, effectively banning its use as such in these states.

The Florida law defines central bank digital currency as a “digital medium of exchange, or digital monetary unit of account issued by the United States Federal Reserve System, a federal agency, a foreign government, a foreign central bank, or a foreign reserve system that is made directly available to a consumer by such entities” and that is “processed or validated directly by such entities.”

In the law, central bank digital currency is specifically excluded from the definition of money under the Florida Uniform Commercial Code (UCC) which regulates commerce in the state.

The provisions in the new Indiana law are similar, but the bill took a very different path to enactment.

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Texas Committee Passes Bill To Create 100% Gold And Silver-Backed Transactional Currencies

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Legislators in Texas are leading the charge against the Federal Reserve’s monopoly on fiat money by offering an option for people to conduct business in sound money. The principal idea reverses Gresham’s Law, where good money drives bad money out of circulation and the people can choose to decline to accept less valuable fiat money from the Fed.

The bill has the bipartisan support of 42 sponsors to create a viable gold-backed alternative to a central bank digital currency (CBDC) already in development by the Federal Reserve. 

If the bill becomes law, it would require the state comptroller to establish and provide for :

  • The issuance of gold and silver specie – A specie is a physical coin or token, typically made from a precious metal that is suitable for or customarily used as currency.
  • Require the comptroller to authorize the Texas Bullion Depository as issuer of the specie as legal tender in payment of debt and readily transfer the specie to another person
  • A mechanism to use 100% backed gold and silver digital currencies in everyday transactions
    • Use the digital currency as legal tender in payment of debt.
    • By electronic means readily transfer or assign the digital currency to another person.

Physical gold and silver backing the digital currency would be stored in a pooled account at the Texas State Bullion Depository.

Federal lawmakers from Texas are also leading the charge against the Federal Reserve issuing a consumer CBDC. In March, Senator Ted Cruz introduced legislation specifically aimed at preventing the Fed from establishing a central bank digital currency.

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North Carolina joins Texas, Florida and South Dakota in Fight Against CBDC digital dollar

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A growing number of states are passing new laws in the fight against CBDC from being introduced by the Federal Reserve.

The Federal Reserve system is the country’s central bank. The system is comprised of regional banks that are responsible for the oversight of the privately run banks within its banking district. The regional banks were established by the Federal Reserve Act and have been self-managed by banking insiders that are selected from within their own ranks.

The Federal Reserve system is overseen by a Board of Governors. Each governor is nominate by the President and receives approval from Congress to serve a 14-year term.

Two of the recent bank collapses, Silicon Valley Bank (SVB) and First Republic Bank, both failed under the watch of the current management of the San Francisco Fed.

According to reports, it seems that the staff, which “include 29 PhD economists, an associate economist and an economic analyst, and 15 research associates who are recent graduates from colleges across the country”, may have been spending much of their time focuses on pursuing the DEI agenda instead of doing proper oversight of the banks within their districts.

While the dollar is quickly losing its status as the global reserve currency, actors from a consortium of government agencies are actively pushing the Federal Reserve to implement a digital dollar.

It’s believed that issuing a digital dollar will help restore some credibility with leaders from emerging economy central banks that has been lost due to the widespread weaponization of the currency against foreign governments and individual foreign citizens.

Treasury Under Secretary Nellie Wang has confirmed that a digital dollar implementation is being explored with wholesale CBDC options that include providers of stablecoins. However, the reality is that various CBDC projects have been underway within the Federal Reserve system since the start of the pandemic.

US banks are ramping up in anticipation for the introduction of the FedNow system later this year. Various government agencies actively deny that Fednow is related to CBDC implementation. However, the instant payment service could provide the underpinnings to support institutional transfers that incorporate near real-time settlement.

The ramifications FedNow will have on the remittance industry and the global abandonment of the dollar in favor of local currency trade agreements are being speculated on by industry analysts.

Earlier this year, legislators in Texas became the first to offer a solution against a federal CBDC by introducing legislation to create a state managed gold-backed digital currency.

Texas was also the first state to open a public gold depository where investors can securely vault their wealth.

Several more states are now throwing hats into the fray against a centrally controlled digital dollar.

This week, legislators in North Carolina pushed forward a law that would ban the state’s agencies and institutions from accepting any payments in central bank digital currency (CBDC).

Florida and South Dakota lawmakers are pushing similar legislation as Universal Commercial Code laws emerge as battleground to roadblock a national CBDC.

On Twitter this week, Presidential Candidate Robert Kennedy Jr announced his position against CBDC implementations, decrying that monetary freedom is as important as free speech. In his tweet he cites numerous examples of how Paypal, Visa, Mastercard and GoFundMe have all been weaponized against citizens by both the United States and Canadian governments during the pandemic.

The US economy continues to be hit with a wave of record high inflation. Some analysts see the Feds latest quarter point increase likely leading to period of stagflation across the economy, which had been suggested last year as a possibility by banking and hedge fund executives.

Low Premiums on Britannia and Philharmonic Silver Coins

Precious metals remain one of the few sectors of the economy that remains stable. Utilizing gold and silver as a store of value and wealth continues to motivate many investors.

Premiums for government minted silver coins remain relatively low despite the offerings from the US Mint. Britannia and Philharmonic silver coins remain some of the cheapest options available and are both favorites of stackers.

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Zimbabwe to Launch Gold-Backed Digital Currency

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central bank digital currency

Zimbabwe has had a long history of economic instability. From 2004 until 2009 the country experienced five years of hyperinflation.

During the period of hyperinflation the country had to halt the exchange of local currency to dollars due to a meteoric rise in prices.

In early 2009, the government had abandoned the local currency, instead favoring the US dollar for all official transactions.

By 2014, there were eight legal foreign currencies being used for day-to-day transactions throughout the country.

Almost ten years later, the economy is Zimbabwe is still in shambles. The Zimbabwe dollar was reintroduced in 2019. Periods of high inflation quickly followed.

In an attempt to curb inflation last year, government leaders began to issue gold coins to try to earn the trust of investors with a store of value.

The latest announcement from the African nation says that the central bank will begin to issue a digital token that is backed by gold.

The gold-backed digital is an attempt by the country’s central bank to provide a trusted hedge against the volatility of its local currency.

The country’s central bank reports holding just 350 kg of gold bars among its reserves and estimates that it will need $100 million dollars to support the digital gold token.

Royalties from the mining industry exceed $300 million dollars per year.

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Preparing for the Next Dollar Crisis

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The American dollar system is broken. All of the major swings in the economy over the last few years that have been driven by political and policy-based initiatives have led to a decline in global trust of the American dollar. The ongoing banking crisis makes it more evident.

The breakneck pace at which the global banking system is becoming multipolar is supported by central banks continuing their gold stacking efforts into first quarter.

JP Morgan Chase is among the largest banks in the world. CEO Jamie Dimon made headlines last year with dire warnings about the economy.

In March of this year, JP Morgan Lead Strategist Marko Kolanovic suggested that as investors lose confidence the possibility of a Minsky moment in the markets could lead to a sudden crash in across some sectors.

Reports from the IMF and World Gold Council show the largest purchases in the first two months were Singapore (51.4 tonnes), Turkey (45.5 tonnes), China (39.8 tonnes), Russia (31.1 tonnes) and India (2.8 tonnes). 

Very few countries have reported a reduction in their central bank gold holdings. However, many reports show various countries have increased their yuan currency holdings.

Some current trends suggest the Chinese yuan is gaining a foothold because of some recent lucrative trade deals, such as those with Saudi Arabia and Brazil.

Reports from the Russian government have made the allusion that the basket currency will provide support for countries that may be rich in natural resources and could include fertile soil, rare earth elements, and of course, precious metals including gold, silver and platinum.

Countries from across the southern hemisphere are expressing interest in joining the trade agreements outside of the dollar currency. The BRICS treaty countries are purportedly preparing for the announcement of a commodity based basket currency in South Africa at their next conference in August.

The G7 was long considered the global financial powerhouse of countries that set many of our current standards since 1975. Data reported in March shows that the BRICS nations combined have overtaken the G7 in GDP, with trend lines suggesting that separation could continue through 2030.

Various reports in recent weeks have suggested that the upcoming FedNow service expected to launch this summer is the first step in a Fed role of out a nationwide CDBC. Of course, the Fed has responded to the rumors with an announcement that the payment system is not a digital currency.

The IMF, a cartel controlled by member banks, has announced that they’ve received unprecedented interest from their member central banks with more than 30 countries asking for help fast-tracking CBDC implementations.

A private organization that advocates on behalf of the IMF called the DMCA recently announced their own CBDC, seemingly backed by the banking cartel.

The Universal Monetary Unit (UMU), or Unicoin that is represented with the ANSI Character, Ü. The IMF says that it can be used to transact in any legal tender settlement currency. It is also fully programmable and can be used to enforce regulations dealing with the international banking system.

The press release claims that it is legally a money commodity but does not specify where it is legal.

The DMCA hopes that central banks will adopt its Unicoin standard when implementing their own national digital currency initiatives.

More investors are beginning to view investing in precious metals as a way to preserve their money for the coming financial hurricane.

Wage growth has tumbled, thousands have been laid off, unemployment levels have started to rise and we are seeing more signs that we are headed for a major recession.

Gold prices continue chasing towards record highs with spot price closing the week at $2,005 per ounce. Silver spot price closed at $25.43 per troy ounce.

Having a diverse mix of gold and silver in your portfolio can offer some financial protection against uncertainty in other markets.

Having a stack at home also helps you to gain the financial independence to be your own bank.

Premiums at online precious metals retailers vary. Whether you’re looking to stack fractional gold, 10 oz silver bars or other physical bullion investments, FindBullionPrices.com can help you find the best deals.