Mining Industry Risks Serious Labor Shortage in Meeting Industrial Demand
Employment in the mining sector has fallen over 20% in the last decade due mine shutdowns resulting from the decline in demand for coal
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.
Central Bank Gold Buying Spree Sets Records
Having a sizable store of central bank gold provides stability for a nation’s fiat currency, and gives confidence to foreign trading partners
Silver Mining Dominated by Mexico, China and Peru in 2022
Preliminary data shows that silver mine output increased by 4% global last year.
Astroid Mining Company Prepares to Launch Demo Refinery this Spring
While SpaceX is currently the leading company in commoditizing space travel, a new startup is preparing to launch a prototype demonstration outer space refinery.
US Mint Struggles while Perth & the Royal Mint Shine
Both the Perth Mint and the Royal Mint have announced huge increases in year over year sales of precious metals.
Gold Price Jumps on CPI Report
The latest report shows modest slowing of inflation in December, with the index showing that overall prices increased roughly 6.5%.
Gold Price Spikes to 6 Month High at Start of Year
Miners are expecting bullish returns in 2023 as they expect the gold prices to catch up with inflation.
Survival: Prepping with Silver
Not long ago, the idea of prepping, and having the tools to survive in the event of a disaster seamed pretty far fetched.
New Global Gold Standard Emerging from Recession
The Bretton Woods Accord led to the dollar emerging as a reserve currency.
Following World War II, the US had the largest gold reserves.
Bretton Woods provided fixed gold prices that was pegged to the USD making it the central spoke for trade.
BRICS, Central Bank Gold and Oil
Days after Nixon resigned in 1974, President Ford signed legislation reversing Roosevelt’s executive order banning private gold ownership.