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
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.
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.
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.