Thursday, December 8th, 2016 MST

Monthly Archives: June 2010

Saudi Arabia gold reserves double what previously reported

Saudi Arabia now holds double the gold reserves previously reported. Continued central bank activity in the gold market may result in central banks being net buyers of gold this year. If so, it would be the first time in decades. Earlier this year, India bought 200 tons of gold from the IMF, and Russian and China are regularly adding to their gold holdings from domestic sources.

2010 Silver News released

The Silver Institute is an invaluable source of information about silver, from supply/demand statistics to recent, esoteric developments that may affect future demand.  Serious silver investors can do themselves a favor by regularly visiting the site. Additionally, The Silver Institute publishes on its site a free quarterly publication aptly titled Silver News.  To receive an

Dr. Marc Faber says to prepare for worst

Dr. Faber, the keynote speaker at the May 22nd NYC Mises Circle Seminar, had no good news about the status of the world’s financial affairs.  He is of the opinion that all sovereigns will continue to create monies as solutions to their financial woes and that gold is the right investments for the times. Further,

Mint set to release 2010-dated fractional-ounce Gold Eagles

Summer is here, and the US Mint is just now releasing 2010-dated fractional-ounce Gold Eagles, the ½-oz, the ¼-oz and the 1/10-oz sizes.  We expect to have the coins ready for shipment on or about June 21.  Because of subdued buying, premiums are about where they have been during normal times in years past, meaning