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.
Interest in deep sea mining increases during precious metals bull markets. With increased demand for precious metals and minerals for electronics manufacturing and other purposes, investments in deep sea mining projects has resumed.
The problems from illegal mining in some parts of the world extend well beyond the local level. Illegally mined gold often needs to be smuggled long distances across many borders before it can be sold.
It’s been more than ten years since then US Treasury Secretary Jacob Lew announced a new project to redesign the nations currency, beginning with the $10 note.
At the time of the announcement, the designs for the new $10 bill were expected to be unveiled in 2020 to correlate with the 100th anniversary of 19th Amendment, which granted women the right to vote.
Kitco has restored some website services after being taken offline due to a cybersecurity incident nearly two weeks ago. The website now displays precious metals news, commentary and analysis, price charts and other information, but e-commerce functionality is still offline. The company
As one of the largest markets for physical gold, the demand and supply dynamics in the SGE can have a ripple effect on global gold prices.
This week, the Shanghai Gold Price topped the $2,100 per ounce resistance, closing the year at a record breaking $2,118.20 per ounce, the highest price per ounce in history.
While this helps to make precious metals more accessible to more people, consumers should be wary about purchasing their precious metals through Walmart as the premiums are often higher than buying direct from the dealer, even taking into account the higher premiums that come with using a credit or debit card for purchase.
Costco, the popular warehouse club known for bulk products and discount pricing, in recent months began offering 1 oz gold bars from PAMP Suisse and Rand Refinery for members to purchase via their website.
This week, various reports are emerging online that the Member’s Only retailer has increased its product offerings of precious metals to include tubes of American Silver Eagle coins, with customers reportedly receiving 2023 mintage year coins.
Earlier this year, the US Government hit a new milestone. The amount of government debt in the United States has grown to exceed $33.88 Trillion as a result of overspending by elected officials. The growing U.S. government debt is a complex issue with significant implications for American citizens and taxpayers.
Over the weekend, the website for Kitco went offline. After the outage, the company posted a message on their website that announced that they were responding to a cyber security incident.
In addition to being a precious metals dealer, Kitco is well-known for its news, data, and analysis on the precious metals, mining and commodities markets. It provides live prices and charts for metals such as gold, silver, platinum, and palladium, as well as market news and reports.
The Federal Reserve is part public entity and part private entity that has operated as the central banking system of the United States since the Federal Reserve Act of 1913. The Federal Reserve System, often referred to simply as the Fed has a unique public-private structure that controls the nation’s monetary policy by managing interest … Read moreWhat is the Federal Reserve?