What are 22k gold coins?
Many 22-karat gold coins are favored by investors because they are more durable, making them less prone to scratches and dents compared to 24-karat gold coins.
News
Breaking news from the precious metals industry. Gold, silver and platinum group mining, refineries and refining technologies, minting and distribution.
News and information about the global drivers of prices in the precious metals markets. Including central banks, interest rates, industrial manufacturing, electronics and investors.
Are Costco 1 oz Gold Bars a Good Deal?
Buying 1 oz gold bars from Costco may be a convenient option for some investors, but it is important to consider additional factors.
Silver Bullion Premiums Returning to Pre-Pandemic Levels
Silver premiums have not been this low in several years making this a great opportunity to back up the truck and load it up.
Gold & Silver Bars of the Atocha
According to historical records there were 1,038 silver bars, 160 gold bas and discs and over 255,000 silver coins, mostly consisting of “pieces of eight”. These coins were minted in the Americas and used as a global trade currency during the era. The silver coins had been hand-stamped at mints in Potosí, Lima, La Plata, Mexico City and Santa Fe de Bogotá.
Central Banks Continue Buying Gold
BRICS countries continue buying gold at a record pace as dedollarization continues.
What is 3TG?
3TG refers to four minerals that are commonly used in various industries, including the electronics, jewelry, and automotive sectors. These minerals are often collectively referred to as “conflict minerals” because their mining and trading have been linked to human rights abuses and armed conflict in certain regions of the world.
What is Fiat Money?
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.
Silver Dimes
Until 1965, U.S. dimes were composed of 90% silver and 10% copper. However, because of rising silver prices, the U.S. Mint decided to continue debasement of coinage by changing the composition of dimes to a copper-nickel alloy, starting with the clad coin production in 1965. Today’s dimes are composed of 91.67% copper and 8.33% nickel.
Online bullion dealers typically offer 90% silver dimes based on the face value that each contains. For example, a $5 Face Value standard bank roll of silver dimes will contain fifty individual pieces that were minted Pre-1965. Each circulated silver dime contains approximately .0715 troy ounces, with each standard $5 Bank Roll of silver dimes having a total of 3.575 troy ounces ASW.
UBS Issues Report on Central Bank Gold Buying
Banking giant UBS says demand for gold from central banks around the world is likely to surge this year as countries continue to back away from the US dollar in favor of local currency and alternative currencies that are not subject to foreign government sanctions and the weaponization. In a new report titled Three Reasons … Read moreUBS Issues Report on Central Bank Gold Buying
SEC Tightens Crackdowns on Crypto Exchanges as Federal Reserve Forces Banks to Adopt FedNow CBDC
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.