A new bitcoin price prediction puts the cryptocurrency at more than $73,000 in 2021. A chart technician says the only direction for bitcoin is up in the…
The outlook for the gold price in 2021 is still positive, although the recent news about COVID-19 vaccines has taken a bite out of this latest brief…
When people think of precious metals investing, usually an image of gold bars or coins comes to mind. However, this initial idea does not begin…
The financial world has turned its attention to gold. Gold has flirted with $2,000 an ounce, and silver has reached $26, before corrections. Meanwhile, as the mainstream press is urging the public to stay away from gold, the U.S. Mint announced it would be shutting down some of its production. But that’s perhaps not even the biggest news out of the precious metals markets.
The UK High Court ruled against Venezuela’s government in a legal battle regarding whether or not Venezuela could recall its $1bn of gold stored in…
Afrikanus Kofi Akosah Adusei (Frisco d’Anconia) is a journalist by profession and a Free Market Policy analyst. Through Africa Youth Peace Call which he founded…
Swiss exports of gold to the United States increased to 111.7 tons in April, representing the largest monthly total on record, as shipments to other…
Bill Murphy, a former American professional wide receiver who played one season in 1969 for the New England Patriots, has for decades been a financial…
The gold and silver market could face logistical challenges as part of the fallout from the coronavirus crisis. Mints, such as the Royal Canadian Mint, have made headlines as they’ve closed. Some have speculated that mine and mint closures due to efforts to slow the spread of COVID-19 could create supply shortages.
James Turk is one of the most recognizable names in sound money. His career started at Chase Manhattan Bank with assignments in Thailand, the Philippines, and Hong Kong. He thereafter became the manager of the Commodity Department of the Abu Dhabi Investment Authority and held various advisory roles in money management.
Silver prices are trading at $17.04, up 0.65% on the day.
That comes on the heels of the U.S. and China announced on Friday that a limited trade deal had been reached.
Yet, silver trails gold in terms of gains in 2019. While gold is almost up 15% in 2019. The 200 EMA is at 17.14, which is below resistance at 17.25. The 50-day EMA is 16.72.
Gold mining exploration in the Black Hills of South Dakota is a signal that the gold miners are becoming increasingly bullish.
According to the Rapid City Journal, five companies are currently drilling for gold in the mountainous region of the black hills from western South Dakota to Wyoming.
DGLD, a network which claims to have over $20m in investment grade gold allocated in Swiss vaults and secured using Bitcoin, launched and is now available for purchase on Blockchain.com’s cryptocurrency exchange, The PIT.
DGLD, which was created by CoinShares, Europe’s largest digital asset manager, and Blockchain.com, and MKS (Switzerland), is a digital asset or token which, at creation, represents 1/10th of a troy ounce of physical gold stored in Swiss vaults for which token holders can swap or physically redeem.
The rich are buying physical gold bullion, coins, and bars, according to Goldman Sachs.
“I think gold’s going to $2,500, $3,000 an ounce in the 2020s because the climate—the landscape for gold is so hugely supportive.” Paul Schatz, Heritage Capital president, told Yahoo Finance’s On The Move. Goldman predicted $1,600 gold by 2020.
Online website ZeroHedge first reported on ‘odd’ exports of gold to Iran from Turkey all the way back in May 2012. Turkey’s trade balance fluctuated wildly as gold stocks flowed out of the country.
After a strong first nine months of 2019, gold peaked at a nearly 25% gain at the onset of September. Goldman Sachs remains bullish on the yellow metal.
Slovakia’s former premier told parliament it should force the central bank to repatriate the nation’s gold, which is stored in the U.K. He said history has shown that allies “can hardly” be trusted.
Ex-Premier Robert Fico now chairs the biggest party in Slovakia. He seeks a special parliamentary session on the issue, claiming the gold isn’t safe in the U.K. because of Brexit and a possible global economic crisis.
Poland repatriated approximately 100 tons of gold from the Bank of England to demonstrate the strength of the nation’s $586 billion economy, according to central bank Governor Adam Glapinski.
The institution also brought 126 tons home in 2018 and 2019, increasing its gold reserves to 228.6 tons. The country is now the 22nd largest bullion holder in the world and holds the biggest reserves of the metal in the European Union’s east, according to the central bank.
Goldman Sachs has a bullish outlook on gold. Analysts at the investment bank see prices pushing to $1,600 an ounce next year. The price of gold currently sits at $1459.62. That is a nearly 10% gain from present day prices. December gold futures are trading at about $1,456.70 an ounce.
Last month, Infinigold announced the launch of a digital token, The Perth Mint Gold Token, backed by gold stored in the vaults of Australia’s Perth Mint, a world-leading precious metal refinery. We spoke with Andreas Ruf, the CEO of Infinigold, about working with Perth Mint to launch the token.
Spot gold hit a six-year high late last week. It is the first time since April 2013 prices soared so high – peaking at a value of $1,5334.31 an ounce. Due to this price bump, US gold futures rose by roughly 1.3% to $1,537 an ounce. Despite the positive momentum, these high levels could not be sustained over the weekend.
Several factors drive the current and future value of gold and silver. Weakness in the Argentine Peso, civil unrest in Hong Kong, and the US-China trade war has forced investors to seek safehaven.
Top Federal Reserve policymakers might cut interset rates if trade tensions continue to get worse.
Fed Chair Jerome Powell and his No. 2, Richard Clarida are watching disputes between the US and its trading partners. The next meeting of the Federal Open Market Committee takes place June 18-19, with Clarida noting that the Fed “can’t be handcuffed” by market pricing.
(Gold Silver Bitcoin) President Trump warned last week of a “major, major conflict with North Korea”. He said he’d rather do things diplomatically, though it’d…
El Salvador will prohibit gold and other metal mining after lawmakers overwhelmingly voted on Wednesday for the ban. Environmental activists say the country is the first…
Researchers believe they have discovered a way to add gold and silver to nail polish to create a durable, tined and perhaps even antibacterial nail…
(GoldSilverBitcoin) – 11 people were killed in accidents in two neighboring gold mines in central China’s Henan province on Friday. The thick smoke engulfed a…
A-Mark Precious Metals CEO Gregory N. Roberts sold 3,300 shares of the company’s stock on Thursday. Sold at $17.66, the overall sale totaled $58, 094.96.…
A Colorado man has people in the Northern part of the state rushing to find the cash and gold he stashes around the area per…
An artist hid five, £1,000 small gold objects around Scunthorpe, North Lincolnshire. If you find these valuable pieces? They’re yours… It’s not as easy as just…
Gold refineries in Switzerland sent a record amount of gold to Shanghai last December, and Russia is buying gold in droves as well, as the United States experiences a time of tumultuous politics and the european banking system is reported to be on the verge of collapse.
Figures released at the end of January by Federal Customs Administrations showed that Switzerland, a world leader in gold production, sent 158 tonnes of gold to China, a five time increase over November’s sum and nearly three times the volume in December 2015.
“To the moon!” That’s the cliche slogan for so many digital currencies, perhaps made most famous not by Bitcoin, but by , whose users since the beginning have proudly proclaimed the slogan.
In Paris, where the Victoria’s Secret angels are currently preparing to show off the lingerie lines newest models, some of the women are getting ready…
YouTube channel Crushit recently crushed a gold bar worth nearly $40,000 provided gold company Baird & Co. Check out the cascading of gold that doing…
The Royal Mint partnered with markets operator CME Group to build a gold market with blockchain technology as a means of broadening London’s hip-factor when buying and selling gold bullion.
The Roya Mint, owned by taxpayers, plans to accept trades from the middle of next year on the Royal Mint Gold platform, intended to log each transaction using blockchain.
Islamic Institutions, which follow guidelines issued by a Bahrain based group, now have a new sharia standard for gold-based products so as to incorporate bullion into Islamic finance.
Gold has long been seen as currency in Islamic finance. Investors, however, have yet to speculate on its future value since no clear policy on how to trade gold.
Adolf Hitler’s lost gold has been found, according to a British diver in the Baltic sea. The ocean explorer’s claims he found gold the Nazi’s stole as they ransacked Europe during World War II horrors.
The discovery is reported to approximate £100 million, has been sought by treasure seekers time-and-time again never to be found…until now.
A weak Australian Dollar has led gold miners there to dig deep, according to quarterly production figures.
In the third quarter, the second largest gold miner after China, Australian output increased 3 percent or 2 tonnes (64,301 troy ounces) to 75 tonnes over the same period from the year prior. This despite heavy rainfall which flooded some pits and derailed operations, according to Melbourne-based Surbiton Associates.
Capital controls often lead people to alternative assets, and it seems India’s decision to phase out 500 notes and 1000 notes is doing just that…
Markets did not know what to do after election results poured in, although many markets had been pricing in a possible Trump victory for about one month prior to the election, as polls were too close to call and also the accuracy of many mainstream polls were thrown into question.
Gold futures fell precipitously Friday, their lowest finish since June, thanks to strength in the U.S. dollars and equities. The Federal Reserve, according to many analysts, might increase interest rates next month. The main reason for precious metals decline is similar to why global currencies have fallen: the strength of the dollar.
Can computers be made of cells? That’s what scientists in Germany (Bezu Teschome and Artur Erbe of Helmholtz-Zentrum Dresden-Rossendorf) look to discover with work published in the journal Langmuir.
The want to know if their way of coating DNA-based nanowires in gold can conduct electricity. The proof-of-concept wires might allow DNA circuits and genetic computers to self-assemble through molecule growth.
“The main advantage here is the complexity you can create on the nanoscale with these circuits,” Erbe told Seeker.
Gold prices increased 5% as election results rolled in and declared Donald Trump the U.S. presidential elect, and on November 9th skyrocketed to $1,330 before a hard correction to pre-election levels. The yellow metal currently sits at $1251.30 heading into Friday morning eastern standard time in the US.
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Check out Representative Brad Sherman (Democrat, California) make some religious-based assertions about when the Federal Reserve and Janet Yellen should raise interest rates. In a…
GoldSilverBitcoin – People’s Bank of China will release on October 28, 2015 the 2016 Panda coin set.
The coin’s pattern will show the Beijing Temple of Heaven, and feature the country name, reign. The reverse patterns will show a panda climbing a tree, published denomination, weight and fineness. This is different from the 2015 version, which left out weight and fineness, and troubled many precious metals dealers due to this lack of detail.
“I won’t sell it,” one wholesaler told me, who chose to remain anonymous. “Without the date, fineness, and all the details you normally get on not only a government issued coin, but also a private coin, I wouldn’t trust it.” Chinese Pandas are already known as one of the more counterfeited coins on the market.
GoldSilverBitcoin – In many shipwrecks, gold is among the items found on-board a fallen vessel. For goldbugs, that is what makes a recent shipwreck discovery in Greece so intriguing.
A joint Greek-American archaeological expedition in the small Fourni archipelago, an area of merely 17 square miles, has turned up one of the great archaeological finds of 2015, according to Discovery.
At the third GOP presidential debate Wednesday night, moderator Becky Quick asked Ted Cruz how we could “try and help” working women in the US…
People have bought domains since the advent of the Internet for business, projects and investment purposes. This trend continues to this day and there are…
