Causes of Venezuela’s Hyper-Inflation
Shopping in Venezuela: $150 for a dozen eggs, toilet paper, soap, beer, diaper, aspirin, car parts, milk sugar, flour and other essential items are in short supply or unavailable. Venezuela’s […]
American Silver Eagles Sales Soar 122%
Sales of American Silver Eagle Coins Accelerate in May The U.S. Mint sold 4,498,500 one ounce American Silver Eagle coins (ASE’s) in May 2016. This reflects a 122% increase over […]
FX Friday Global Currency Review & Forecast For 6-3-16
Federal Reserve Open Mouth Operation Ends Fed officials spent the better part of May telegraphing that an interest rate hike might be coming in June or July by repeating, no […]
Gold’s Industrial and Other Uses
A Decent Amount of Gold Each Year Goes to Serve Industry Gold is the only precious metal that is used almost exclusively as either a store of wealth or jewelry. […]
First Quarter Royal Canadian Mint Gold Sales Up 19%
Royal Canadian Mint Sold 212,600 Ounces of Gold in First Quarter of 2016 The Royal Canadian Mint (RCM) released its first quarter 2016 report two weeks ago, just a week […]
Stumbling Towards Uncertainty
The future is always uncertain, but it is certainly more uncertain this year than most There are political, economic and social changes a foot. There always are. Usually, however, outcomes […]
First Quarter Royal Canadian Mint Silver Sales Hit Record
Royal Canadian Mint Sells a Record 10.6 Million Ounces of Silver in First Quarter The Royal Canadian Mint (RCM) released its first quarter 2016 report last week, just a week […]
FX Friday Global Currency Review & Forecast For 5-27-16
Fed Presidents Roar- RATE HIKES ARE COMING! For the third week in a row we’ve heard a series of calls by Fed Presidents for rate hikes in 2016. The incessant […]
China Adds 11 Tons of Gold To Reserves in April
Chinese Central Bank Reports 1,808 Tons of Gold as Reserves Chinese Gold Reserves In April 2016, the People’s Bank of China added 11 tons of gold to its reserves. Since […]
Russia Continues To Add To Its Gold Stack In April
Russian Central Bank Adds Another 15.5 Tons of Gold To Reserves In April The Russian Central Bank announced last week that its gold reserves had reached 47.5 million troy ounces […]
Why Does Gold Matter To China and Russia But Not the United States?
Gold was important to the U.S. to nationalize in 1933, to build Fort Knox in 1936 to store it and to stop foreign central bank redemptions of dollars for gold […]
Canadian Mint Gold Sales Rose 35% in 2015
Royal Canadian Mint Gold Sales Rebound in 2015 Gold Sales Last week, the Royal Canadian Mint (RCM) released their 2015 gold and silver mintages. Canadian Mint gold sales rose 35% […]
FX Friday Global Currency Review & Forecast For 5-20-16
Four Non Voting Fed Presidents Repeat Their Call For Rate Hikes In 2016, Possibly in June The Dollar For the past three weeks, Fed Presidents have been insisting that the […]
America The Beautiful Coin Sales Off To Best Start Since 2011
The United States Mint’s Five Ounce Silver Bullion Coin Sales Perk Up Sales of the U.S. Mint’s ‘other’ silver bullion coin, the American The Beautiful (ATB) coin are on the […]
Royal Canadian Mint Silver Sales Smash Sales Record in 2015
Royal Canadian Mint Sets Silver Sales Record in 2015 Silver Sales up over 4,900% since 2004 2015 was a record year for silver coin sales around the world. The United […]
Trump on the National Debt
The United States Debt Keeps Growing – How Will it be Paid Off? Annual U.S. deficits may have shrunk in recent years, but the overall U.S. deficit and amount of […]
Silver Institute Reports Silver Demand Out Stripping Supply
2015 Global Silver Mining Production Up, Global Silver Demand Up More Global silver demand led by soaring silver coin and bar demand Earlier this month the Silver Institute, in conjunction […]
FX Friday Global Currency Review & Forecast For 5-13-16
Dollar Strength Follow Through Fades The U.S. Dollar Last week the Dollar Index* rose as two Fed Presidents (Messrs. Lockhart and Williams) raised the specter of a rate hike at […]
Perth Mint Gold Sales Surge 79% in April
April 2016 Sales of Gold at the Perth Mint Rise 79% Year Over Year. The Perth Mint sold 47,542 ounces of gold in April 2016. This was up 79% from […]
Perth Mint Silver Sales Soar 146% in April
April 2016 Sales of Silver at the Perth Mint Rise 146% Year Over Year. The Perth Mint sold 1,161,766 ounces of silver in April 2016. This was up 146% from […]