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.

HSBC Launches Gold Token, Chinese Investors Turning to Gold Beans, SWIFT Planning CBDC Rollout

HSBC has launched a blockchain-based digital gold token for retail investors in Hong Kong that is backed by physical gold held in the bank’s London vault allowing for efficient and cost-effective tracking of allocated and unallocated gold holdings.

Young investors in China have started a trend towards accumulating tangible wealth by stacking 1 gram gold beans. The beans are affordable and are viewed as a low-risk investment options.

How do the prices of Costco Silver and Gold Coins Compare to Online Bullion Dealers?

gold bar on display in a Costco Warehouse location

Costco has broadened its selection of precious metals, introducing an array of new coins and bars to cater to the growing interest in tangible assets. The addition includes a variety of gold and silver coins and bars from renowned mints around the world, making it easier for members to diversify their investment portfolios.

The new lineup features investment-grade bullion coins such as the American Gold Eagle, Canadian Maple Leaf, along with various sizes of gold bars from PAMP Suisse and the RAND Refinery.

JM Bullion acquires Gold.com Domain Name

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JM Bullion was acquired by the industry wholesale powerhouse, A-Mark in March 2021. Since then, the company has gone on an acquisition spree, buying up many well-known precious metals dealers, limiting the options for investors looking to buy gold and silver.

Silver buyers reporting issues with sales tax and order cancellations with Walmart

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As the popularity of buying precious metals online grows, many buyers have experienced issues with being charged sales tax in states where metals aren’t taxed. Some buyers turn to social media for advice on how to deal with customer service when resolving sales tax issues.

Sales tax on precious metals is contentious issue, which is a complicated patchwork of outdated state laws that have created issues that online retailers must contend with since South Dakota v. Wayfair decision in 2018.