2024 Australian Silver Coins
A quick look at some of the new silver coins from the Perth Mint for 2024
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.
BRICS: Developing Platform for National Currency Transactions
Speaking at a BRICS meeting, Russian Foreign Minister Victor Lavrov told attendees that BRICS is prioritizing the creation of a platform that will enable member states to conduct cross-border transactions in national currencies.
Gold nugget worth more than $80,000 stolen from Long Beach Expo Coin Show
Surveillance images from the convention center showed the man putting his finger under the lip and open the display case and looking over his shoulder and pocketing the nugget before walking away.
Gold Bars are a Top Selling Item at South Korean Convenience Stores
Young investors in South Korea are getting into gold buying because it’s easy and accessible in vending machines in convenience stores.
WGC reports that physical gold ETFs see first net inflows in 12 months in May
Gold prices have had pullback in recent weeks, after hitting an all-time record high of 2450.05 in May. In a report on Gold ETFs from the World Gold Council, inflows amounted to $529 million dollars, bringing total assets under management for gold ETFs up 2% to $234 billion.
Gold Replacing the Dollar as Reserve Currency for BRICS Members
Central banks across the Global South have been actively bolstering their gold reserves in anticipation of this transition. China, a major player in this shift, has been consistently purchasing gold for 18 consecutive months, with a staggering $53.3 billion worth of U.S. Treasuries being sold off since the beginning of the year.
Fed Report Admits that Gold is Displacing the Dollar in Central Bank Reserves
Earlier this week the Federal Reserve released a report that showed at least 37.5% of foreign central banks are moving away from the dollar as their main reserve currency in favor of gold.
Costco Now Offering Gold Bars Daily, Providing Opportunities for a Quick Profit
Costco is now offering gold products more frequently, with some of the more popular bullion items being available daily.
Precious Metals 101: Buy Silver at Spot Price Deals
As an incentive to new customers, some online dealers offer spot price deals to new customers as motivation to make a purchase. By combining all of the available spot price offers, it’s possible for an investors to build a small precious metals portfolio that contains roughly a kilogram of silver and 1 oz and 11 grams of gold.
Why did RBI Repatriate 100 tons of Gold?
Economist and a member of the Economic Advisory Council to the Prime Minister of India, Sanjeev Sanyal, said on Friday that India will now hold most of its gold in its vaults. Citing the decline in confidence in dollar assets among central banks as one of the prime reasons