Category Archives: Trending News

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New Tech, Products Shake Up Platinum

May 25th, 2017 by

Among the four precious metals, platinum is often overlooked even though it’s generally in close price parity to gold. This is because platinum is rarer, lacks gold’s unique properties that make it the easiest metal to work with, and thus has a much small global market. Nonetheless, it’s also a highly useful industrial metal. Its […]

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Gold Slightly Higher After U.K. Attack

May 23rd, 2017 by

Global markets were a bit shaky on Tuesday after a concert in Manchester, U.K. by pop star Ariana Grande was marred by an ISIS bombing that killed at least 22 people, including children, last night. The so-called Islamic State took credit for the horrific attack. Undoubtedly, everyday life in the U.K. was disrupted as the […]

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Commerzbank Ditches Precious Metals Division

May 20th, 2017 by

Commerzbank is a German bank that carries a fair amount of international clout. It is Germany’s largest lender, its second-largest bank by assets, and, more so than its beleaguered neighbor Deutsche Bank, enjoys a strong reputation around the world. Now, Commerzbank is unexpectedly scrapping its precious metals business to focus more on other departments of […]

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Global Cyberattacks Are Only Beginning

May 19th, 2017 by

The WannaCry ransomware attack from May 12 -16 was largest computer virus attack in history. An estimated 200,000 systems in 150 different nations were infected in less than 48 hours. The resulting damage worldwide from lost data and downtime could be as much as $4 billion. Cybersecurity experts estimated Tuesday, more than four days after the […]

gold-investigation

BUYER BEWARE: NFC Microchip Bullion

May 16th, 2017 by

There’s a troubling trend in the bullion investing community that could have major consequences for those who own gold and silver. Yet this development is being pitched as the next great innovation in bullion security. Many investors may unwittingly be duped into disclosing exactly how much gold they have, and where it’s stored, all because of […]

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LBMA Plans Gold Bar Disclosure

May 14th, 2017 by

The London Bullion Market Association (LBMA) administers the world’s largest physical gold market, and is heavily involved in certifying or authenticating the gold that trades in the City of London. Each day, a staggering $18 billion worth of gold traded in London during March (when the most recent data is available).

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NFC Tags Used to Track Gold and Silver?

May 12th, 2017 by

Gold refiners and bullion dealers are always looking for ways to make purchasing and owning precious metals safer and more secure. Privacy is undoubtedly one of the typical gold buyer’s prime concerns. This is true whether someone is a small-time silver stacker or a high-end investor in bulk amounts of gold.

perth mint gold bar

1-Kilo Gold Bar Stolen from Perth Mint Found

May 10th, 2017 by

Even the world’s most advanced and experienced precious metal refiners occasionally had breaches of security. This seems to be the case in a story reported by CoinWeek about Australia’s Perth Mint, one of the most successful government mints in the world. The mint appears to be the victim of theft in the form of a brazen […]

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U.K. Ranks Its Top 20 Treasures

May 8th, 2017 by

By now, most aspiring treasure hunters are aware that Great Britain is essentially the treasure capital of the world. Aside from an extensive history of habitation that has produced almost innumerable antiquities and medieval coins, the country boasts the world’s most equitable treasure trove laws. This is effectively the reason why so many people who have […]

gold-maple-leaf

100-Kilo Gold Maple Leaf Coin Stolen

May 6th, 2017 by

Back in 2007, the Royal Canadian Mint wowed the numismatic community (and much of the world) when it issued a special “Big Maple Leaf”—a real legal tender gold coin of unmatched girth and purity. Weighing in at 100 kilograms—a staggering 32,150 troy ounces!—and struck from ultra-pure “five-nines” gold, the coin is .99999 fine (or 99.999% […]

1943 copper penny

Rare Pennies Worth $85,000

April 30th, 2017 by

It has been well established in the public consciousness that the penny is worthless. There has even been movements by those in Congress to get rid of the red cent, but do pennies deserve more of our respect. Apparently, they do (or some of them). According to online numismatic database Cointrackers, there are some rare […]

french-election

French Election Could Destroy the EU

April 21st, 2017 by

Sunday’s presidential vote in France will be an election for the ages. euroskeptic extremists on the left and the right are both polling surprisingly well, and hope to draw enough voters from a fractured center to put them over the top. Centrist candidates are putting forth populist or anti-immigrant plans, hoping in turn to woo […]

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Rare Gold Coin Sponsors Building of New Church

April 16th, 2017 by

The church is typically kept strong by the contributions of its people. One patron, though, has taken the practice of paying tithes to new heights. An anonymous woman donated an 1866 proof gold $20 coin to the GracePoint Church of Valparaiso, Indiana. The donation will be used to build a brand new church for the […]

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EBay Hijinks for Polymer £5 Notes

April 15th, 2017 by

Coin and currency collectors can be a quirky lot. It’s the nature of numismatics: sometimes the most interesting—and valuable!—rare collectibles are the product of some very small nuance or detail. For the collectors chasing the novel new polymer five-pound banknotes introduced in the U.K., this has undeniably been the case.

army silver medal

New 2018 Silver Medal Designs Recommended

April 3rd, 2017 by

The 2018 docket for the U.S. Mint includes an exciting set of silver medals that honor the United States Armed Services. Now, the Citizens Coinage Advisory Committee (CCAC) has made its recommendations to the mint for the designs to be featured on these medals.

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Divers Find Ancient Shipwreck, Roman Treasure Off Israeli Coast

March 19th, 2017 by

We all, as children, spent time furnishing our imaginations with the fabled antiquities of lore. Some spend their entire lives searching for these treasures and discover nothing. Others, for whom this history has a less than immediate relevance, make grand archeological finds without planning or effort or want. Recreational divers Ran Feinstein and Ofer Ra’anan […]

effigy mounds iowa ATB coin

New America the Beautiful Design Released

March 13th, 2017 by

Perhaps the most successful of the U.S. Mint’s recently introduced coin programs is the America the Beautiful series. Introduced in 2010 just as the wildly popular 50 State Quarters® program came to an end, the ATB series has earned acclaim from bullion stackers thanks to the designs appearing on five-ounce silver coins as well as circulating […]