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.
Legislators in Texas are leading the charge against the Federal Reserve’s monopoly on fiat money by offering an option for people to conduct business in sound money.
Physical gold and silver that would support the backing of the digital currency would be stored in a pooled account at the Texas State Bullion Depository.
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).
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.
Border police in India have arrested a woman attempting to cross the border wearing 2 kg of gold bars under her clothes.
Customs authorities have seized more than 604 kilograms of gold at Mumbai airport alone over the last year.
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.
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.
The latest officially released figures estimate that 1.6 metric tons, the equivalent to 1,600 kilos of gold were included among the stolen stash.
Unofficially, some media in Canada also reports a large amount of cash was stolen in an unknown currency
The announcement today notes that the minimum order size has been reduced to $250.
It should come as no surprise that Donald Trump is a goldbug. His NYC apartment in Trump Tower was audaciously decorated entirely with marble and 24k gold.
The 101-page disclosure report, filed as part of his 2024 Presidential Campaign, shows that Trump still owns a substantial stack of physical gold.
The mines in Egypt’s Eastern Desert represent an incredible source of income for the country. Gold from the El Sukari mine is already being used to grow the Central Bank of Egypt’s reserves which have recently been reported to have increased to 125 tons of gold.