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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.

Wildcat Gold Mining Is Devastating the Amazon

garimpo – a small-scale, informal gold, diamond, and tin placer mining campWildcat gold mining continues to be a problem. It’s estimated that there are as many as 5,000 illegal small-scale gold mining camps scattered throughout the Brazilian Amazon.The wildcat miners that operate small-scale gold mining camps in the Brazilian Amazon are known as garimpeiros.  Across the centuries, garimpeiros have scoured … Read moreWildcat Gold Mining Is Devastating the Amazon

US Mint Clarifies Statement Regarding Global Silver Shortage

The US Mint released a statement confirming a global shortage of silver after the website outages during the pre-sale of the 2021 Morgan Dollar commemorative coins. “The global silver shortage has driven demand for many of our bullion and numismatic products to record heights. This level of demand is felt most acutely by the Mint … Read moreUS Mint Clarifies Statement Regarding Global Silver Shortage

/r/WallStreetBets Redditors Set Their Sites on Silver

There has been a lot of news over the past couple of weeks about /r/WallStreetBets and GameStop. The people from this Reddit message board have caused lots of turmoil for hedge fund Melvin Capital and others. The group has encouraged it’s members to buy up GameStop stock and forcing Melvin Capital to cover it’s enormous … Read more/r/WallStreetBets Redditors Set Their Sites on Silver

Gold & Silver Headlines of the Week – June 5, 2020

Silver & Gold Headlines of the Week World’s largest jewelry maker commits to using 100% recycled silver and gold Pandora, the world’s largest jewelry brand by volume, is moving completely away from newly mined silver and gold in its products—and to reach a goal of 100% recycled silver and gold by 2025. https://www.fastcompany.com/90512610/the-worlds-largest-jewelry-maker-commits-to-using-100-recycled-silver-and-gold GLD And … Read moreGold & Silver Headlines of the Week – June 5, 2020

US Mint Authorized Wholesale Purchasers

2018 American 1 oz Silver Eagle

Unlike other world mints, the United States Mint does not sell its bullion coins directly to the public. Instead, the coins are distributed through a network of official distributors called Authorized Purchasers. The Authorized Purchasers then create a two-way market by buying and selling to precious metal wholesalers and private investors. In the United States, … Read moreUS Mint Authorized Wholesale Purchasers

Why do online bullion dealers have different prices for cash or credit cards?

buy silver

It can be confusing for first time investors looking to buy silver rounds online. Whether looking for silver bars, silver rounds, or government minted products like American Silver Eagles on Canadian Silver Maple Leafs, the pricing that online bullion dealers show is confusing. Silver and gold bullion prices are based on “spot price”. Spot price … Read moreWhy do online bullion dealers have different prices for cash or credit cards?

Coinweek Weekly Giveaway – Silver Denarius of Trajan

Silver Denarius of Trajan (AD 98-117) Roman Empire - The Colosseum Hoard NGC VF

This week’s CoinWeek Silver Coin weekly giveaway is a Silver Denarius of Trajan (AD 98-117) Roman Empire. This coin is certified authentic by NGC and was discovered as part of the famed “Colosseum Hoard” in which over 2,000 silver denari were discovered together. Trajan was a Roman Emperor that reigned from 98-117 AD. As Emperor, Trajan … Read moreCoinweek Weekly Giveaway – Silver Denarius of Trajan