As the generation young people known as “Millennials” enter their professions and begin to make up a larger proportion of consumers and investors, marketers the world over have turned their attention to the tastes and habits of this emerging demographic cohort. In many cases, however, the marketing agencies and financial firms that are trying to appeal […]
When bitcoin prices gain about 10% on a single trading day, as they did during both Wednesday’s and Thursday’s sessions, the corresponding price increase is now more than $1,000. In one day! (However, prices then fell by more than $2,000 overnight on Friday.) The cryptocurrency sensation has clearly reached a fever pitch. For those unacquainted, bitcoin is the oldest, […]
A retirement home in South Africa recently received what appeared to be a package of nutritional drinks. There was nothing particularly exciting about this routine development—until employees at the facility discovered something hidden beneath the drinks. In a box underneath the snacks, they were astonished to find a huge cache of gold coins!
On nearly a monthly basis, a metal detectorist or group of adventurous people with metal detectors somewhere in Great Britain uncovers a buried artifact that classifies as treasure under U.K. law. Any item containing at least 10% gold and dating more than 300 years old qualifies for the “treasure” designation, entitling the finder and land […]
What future generations decide to do about the ever-growing number of landfills around the world is the kind of question that keeps conservationists up at night. The problem is especially pressing in the dense urban areas where trash and other waste is generated in high volumes. For instance, the state of New Jersey actually pays […]
One of the biggest advantages of cryptocurrencies like Bitcoin that crypto advocates cite is the ease with which these new forms of “digital cash” can transfer value all around the world. Compared to an international bank wire, sending someone your Bitcoins is generally a faster method, although it’s worth noting that high transaction fees may […]
When someone buys a gold bar, they must trust that the bullion dealer, or whomever is selling the bar, is reputable and knows what they are doing. In other words, they—the customers—believe that what they are buying is real. While it’s true that everyone makes mistakes, such an error can cost a bullion dealer their […]
Because of its many unique roles and properties, no one factor determines the price of gold. The calculus is more complex than that. However, if there’s one thing that’s an inescapable part of the gold price equation, it’s the dynamic between supply and demand.
S.S. Central America, an American steamer, sank in the Atlantic in 1857 carrying a significant quantity of gold bullion. Its original haul is estimated at more than a metric ton, and was perhaps as much as 20 tons, including thousands of what are now scarce $20 double eagle coins. Although the first coins and treasure from […]
You may not have realized it, but there are actually tiny amounts of gold in every single one of our electronics. Gold is the only element with the necessary properties (high conductivity and high malleability) that make it an efficient component of microchips. In fact, gold is the most malleable and ductile metal found on […]
Human beings were extracting gold from the ground and rivers for thousands of years before the birth of the Periodic Table of chemical elements in the late 19th century. About as soon as scientists began to discover and synthesize new elements, however, the profound differences between groups of related elements started to take shape. Perhaps […]
One of the facts of the post-industrial world is that affluent societies waste a great deal of resources, whether it is food, energy, or otherwise. In Switzerland, where 70% of the world’s gold gets refined, trace amounts of precious metals (primarily gold and silver) have been detected in the country’s waste water. The concentrations are […]
This year, there’s been a great deal of construction and infrastructure improvement in the Russian capital of Moscow. Amid the building projects and renovations, a surprising side-effect has emerged on more than one occasion: Rare old coins are being recovered from the construction sites!
Though it is not the first of its kind, the current FBI case against traders who tried to manipulate the precious metals markets is noteworthy for its focus on the guilty individuals rather than the institutions as a whole. (To date, most of these major banks have been fined billions of dollars already for their […]
As a wave of support for reform across the federal government gains steam, there is one “federal” institution that tends to resist any calls for transparency or reform: The Federal Reserve. The nation’s central bank is sometimes characterized as the fourth branch of government due to the importance of monetary policy on the U.S. and […]
On rare occasions, the most fantastic discoveries are made by pure accident. This is true not only throughout human history, but also applies to our daily lives. For one eight-year-old girl in Israel, this absolutely turned out to be the case!
It is commonplace today to refer to clever, beneficial innovations as hacks. So a life hack is a positive habit or practice; or a high-powered health regiment might be called a bio-hack. When it comes to financial hacks—no, not the shady fund managers or brokers—the “next big thing” seems to be cryptocurrencies and the blockchain […]
It’s intriguing for coin collectors to discover how error coins come to be. Government mints are pretty orderly operations, and have not just a number of anti-counterfeiting measures in place but also an array quality control features to keep such “defective” coins from making it out of the mint. Another such error coin has apparently been […]
Exaggerated and seemingly outlandish predictions and forecasts about asset prices abound all over the internet, and even the mainstream of money managers and the financial news. Gold is no exception to this reality that affects all sorts of financial endeavors, from investing to trading to estate planning.
One prominent numismatist and researcher is convinced he has successfully traced back and identified which rare post-colonial coin was the first ever struck under the official auspices of the U.S. government.