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.

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

cheap silver prices

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.

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.

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).

Silver Institute Report Shows Strong Demand Across All Supply Chains

Silver coins on the background of the growth chart

Investor demand continues to drive up prices for physical silver bullion. Supply chain disruptions at the start of the pandemic led to depletions of wholesale and retail bullion inventories resulting in the prices of physical bullion become far removed from following the paper price.

The US Mint continues struggling during periods of high demand due to ongoing supply chain issues plaguing domestic planchet suppliers.

PAMP Suisse Fractional Gold Bars: Lady Fortuna, Lunar Series and More

PAMP Suisse Lady Fortuna 10 gram gold bar

PAMP Suisse is world-renowned for its exquisite fractional gold bars featuring the iconic Lady Fortuna and other stunning designs. From wearable gold pendants to the collectible Lunar Series, discover why these 24k gold bars are a top choice for investors and collectors alike—offering flexibility, liquidity, and prestige in the precious metals market.

Federal Reserve and the Current Board of Governors

The Federal Reserve system is comprised of 12 Reserve Banks that were established following the outbreak of World War I in 1914 as a way to manage the cashflow of the country and to prevent future bank runs and other banking crisis’.

The Board of Governors, which is appointed by the President of the United States, is responsible for supervision of the reserve banks and regulating certain other financial institutions and activities.

Zimbabwe to Launch Gold-Backed Digital Currency

central bank digital currency

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

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

Sales Tax When Buying Silver and Gold

$20 Liberty Double Eagle Obverse

Despite the long history of gold and silver being recognized as money, many states continue to tax their citizens for the privilege of owning these metals. The notion of sales tax on precious metals investing is contentious to some and represents a line in the sand between some legislators and investors.