Fallout from Euro Pacific Bank Investigation is a Likely Source of Perth Mint’s Troubles
Revelations from investigators suggest that the allegations may be politically driven attempts to expose customer privacy.
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.
2023 American Liberty Gold Coin and Silver Medal
New 1 oz Liberty Gold Coin from the US Mint expected to be released this summer alongside 1 oz silver medal.
Perth Mint Being Investigated for Money Laundering
Auditors say the mint failed its due-diligence on Euro-Pacific customers and suggests the refiner sold or is holding precious metals of “tax cheats, kleptocrats and foreign criminals”.
South Africa Economy on Verge of Collapse, Brink of Civil War Resulting from Ongoing Blackouts
The US Embassy has issued an advisory for Americans living in South Africa to “maintain 72 hours’ worth of supplies at home by stockpiling non-perishable food, three litres of drinking water per person per day, and medicines and first aid supplies”. Advising people to be prepared for SHTF worst case scenarios.
Silver Eagle Sales Down Year over Year in January
Slowing demand likely caused by excessive premiums resulting from last year’s supply chain and production problems
Transitioning to Gold Backed Digital Currencies for Trade Settlements
The global economy is shifting back towards some form of a gold standard while the Federal Reserve is piloting various CBDC projects, new legislation introduced in Congress to block the Fed from issuing individual accounts
Gold’s Return to the Economy
Some see the rise in demand by central banks buying gold as a signal that countries that have been bullied by Western economic policies as being eager for an alternative system that will create a more equitable system and fairer monetary standard.
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
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.