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.
The Federal Open Market Committee is the part of the Federal Reserve that is responsible for managing open market operations. The FOMC uses the three primary tools to influence the direction of the economy. The Federal Reserve influences the demand for, and supply of, balances that depository institutions hold at Federal Reserve Banks. This gives … Read moreFederal Open Market Committee 2023 Agenda
In 2020, JP Morgan Chase admitted that it scammed precious metals investors of billions of dollars by rigging the markets for more than ten years. To avoid prosecution, the company agreed to pay almost $1 billion in fines for schemes related to defrauding precious metals futures exchanges and US Treasuries. Rumors and speculation have circulated … Read moreJP Morgan Chase Paid $920 Billion Fine in Precious Metals Fraud Scheme Spanning 10 Years
On April 5, 1933 President Franklin Roosevelt signed Executive Order 6102 which outlawed the private ownership of gold by citizens.
For a duration lasting 41 years in the mid-20th century, the government made it a crime for the people to own, hold or transact in sound money.
Following the resignation of Nixon, one of the first laws signed by President Ford included a bill which reversed Roosevelt’s Executive Orders.
It has been legal for anyone to own, hoard, buy and sell gold in the United States since December 1, 1974.
The COP26 Climate Summit is underway in Glasgow, Scotland this week. In a dramatic plea for awareness of the effects of climate change, Tuvalu’s foreign minister, Simon Kofe presented his speech to the group while standing knee-deep in seawater near the shores of an atoll in the Polynesian nation. Tuvalu is a tiny nation in the South … Read moreTuvalu Pleas For Help
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
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
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
The 1986 American Silver Eagle marked the historic launch of the United States Mint’s American Eagle Bullion Program. Introduced alongside the American Gold Eagle, the Silver Eagle quickly became one of the world’s most recognized and trusted silver bullion coins. Inaugural Year Highlights The coin was released late in 1986 and available for just two … Read more1986 American Silver Eagle Values, Bullion, Proof, and Graded Coins
Some choose to invest in gold coins and bars, while others are storing wealth in 24k gold jewelry.
Whether you’re in the market for a few coins or a Monster Box, the Canadian Silver Maple Leaf makes a fine investment.