Silver

JP Morgan Chase Precious Metals Traders in Decade Long Price Manipulation Scheme

JP Morgan is now sole custodian of SLV ETF

The Justice Department’s multi-year investigation has resulted in the convictions of two key leaders from the Precious Metals Trading Desk at JP Morgan Chase in a long running manipulation scheme. A jury convicted the two defendants, Michael Nowak and Gregg Smith, of wire fraud, attempted price manipulation, commodities fraud, and price spoofing involving a scheme … Read moreJP Morgan Chase Precious Metals Traders in Decade Long Price Manipulation Scheme

BullionMax 5 oz Silver Starter Kit

BullionMax 5 oz Silver Starter Kit

The silver at spot price offers have been offered by many bullion dealers as a way to entice first time customers with a great deal. The shutdowns related to the pandemic also impacted the mining industry, including the refiners and private mints. The system-wide supply chain issues have continued to impact precious metal at the … Read moreBullionMax 5 oz Silver Starter Kit

Royal Mint Reports Record Demand from American Investors

person using forklift

In a press release last week the Royal Mint reported record demand in international sales for the final quarter of 2021. Many stackers have been choosing to buy one-ounce Britannia coins since they are regularly one of the lowest priced sovereignly minted coins available. Demand for silver Britannias increased 14% over the same quarter in … Read moreRoyal Mint Reports Record Demand from American Investors

Inflation & Other Issues Begin to Pile Up on the Economy

assorted weight gold colored gold plated bars

Gold $1867.90 Silver $23.72  Platinum $1046.30 Gold/Silver Ratio 78.75 Confidence in the stock market continues to wane amid concerns over escalating issues involving Ukraine and inflation taking hold in the US economy. Oil and other commodity prices have risen sharply this week. Many people struggle to save money under normal circumstances. The pandemic has brought a tremendous amount … Read moreInflation & Other Issues Begin to Pile Up on the Economy

Bitcoin Investors Buy Silver Bars as Fed Develops CBDC Blockchain Competitor

10 oz silver bullion bars

Many trusted and reputable online bullion dealers have made it easy to buy 10 oz bars with bitcoin as a payment method. Several dealers integrate Bitpay wallet and other wallet to payment gateways and exchanges to provide some assurance that transactions will occur with discretion and privacy.

2022 Chinese Panda Coin Now Available in Silver & Gold

2022 Chinese Panda 30 gram gold coin

A new design of The Chinese Panda coin is released annually. The Panda Bullion Coin represents China in the global bullion market. The Chinese Panda coin has been minted by The People’s Bank of China, since 1982. The design of the reverse changes annually as is adorned by depictions of the Panda Bear, a national … Read more2022 Chinese Panda Coin Now Available in Silver & Gold

Is Owning Precious Metals Legal?

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.

US Mint Clarifies Statement Regarding Global Silver Shortage

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

2021 Morgan and Peace Dollar Release Dates Announced

This year is the 100 year anniversary of the introduction of the Peace Dollar. In 1921 the US mint produced both the Morgan silver dollar and the Peace silver dollar coin. To commemorate the centennial the US Mint will be issuing both of these coins this year.  The US Mint has announced that the new commemorative 2021 Morgan and Peace … Read more2021 Morgan and Peace Dollar Release Dates Announced