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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.

Numerous Criminal Convictions Proves Precious Metals Price Manipulation

As controversy and scandal continues to plague the LBMA and banks affiliated with the bullion trading cartel, the Eurasian Alliance is pushing for the creation of a new bullion trading system that offers a new pricing infrastructure to help facilitate emerging markets. The most recent scandal at the LBMA includes the criminal conviction of former … Read moreNumerous Criminal Convictions Proves Precious Metals Price Manipulation

Moscow World Standard Driven by Corruption in the LBMA

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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

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

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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

Bitcoin Investors Buy Silver Bars as Fed Develops CBDC Blockchain Competitor

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Many trusted and reputable online bullion dealers have made it easy to buy 10 oz bars with bitcoin as a payment method. Several dealers integrate Bitpay wallet and other wallet to payment gateways and exchanges to provide some assurance that transactions will occur with discretion and privacy.

Central Banks Continue to Buy Gold throughout 2021

Central Banks Continue to Buy Gold

Last year was a banner year for Central Banks wanting to buy gold bars and silver. Recent reports from the Reserve Bank of India and other countries have shown that gold and silver continue to be a safe haven store of wealth in times of rising inflation. The central bank’s gold reserves jumped from 668.25 … Read moreCentral Banks Continue to Buy Gold throughout 2021