In 2007, when the Royal Canadian Mint introduced a limited edition series of 1-oz .99999 fine Gold Maple Leafs, the Mint also produced five 100-kilogram .99999 Gold Maple Leaf coins with face values of $1 million Canadian. The 100-kilogram coin measures 20 inches in diameter and weighs right at 220 pounds on a bathroom scale.
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.
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. 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,
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