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Lawrence Williams, writing for mineweb.com, questions silver’s “tracking the price of gold.” He writes, “There is no longer any serious monetary element to silver . . .” In case Williams hasn’t noticed, there is no longer any serious monetary element to gold. No country backs its currency with gold; no currency has been convertible into
According to a Department of Justice press release, a federal grand jury in Washington, D.C. has indicted two companies operating a digital currency business and their owners on “charges of money laundering, conspiracy, and operating an unlicensed money transmitting business.” The indictment of the two companies is not a condemnation of all digital-gold companies, but
Gold Fields Minerals Services (GFMS) is considered my many gold followers to be “the” authority on gold, and GFMS currently believes that gold production will increase slightly this year. However, Graham Birch, head of Black Rock Investment Managers, which administers the Merrill Lynch Gold and General Fund, disagrees. Birch notes that gold production has fallen
Resourceinvestor.com says that 42 persons are now involved in a class action lawsuit against a conglomerate of gold coin telemarketers from Beaumont, Texas. The plaintiffs are now asking for $1 billion in damages. The outcome will be interesting, to say the least. For decades, telemarketers have promoted real, but sometimes purported, numismatic and collectible coins to investors.
In our March 27 article about the Perth Mint closing its hugely successful Lunar Series, we failed to cover what the Perth Mint is going to do about the three silver Lunar years not minted: the Rat, the Ox, and the Tiger. To bring everyone up to speed, the Mint began production of the gold
Premiums on the popular precious metals products are shrinking as prices climb higher. Many holders of gold bullion coins are choosing to sell into this rally, while buying is somewhat stiffled, resulting in the declinging premiums. Gold Eagles and Krugerrands, the two most popular gold bullion cions in the US, are abundantly available in the
