Especially since 2017 began, the fully digital cryptocurrency Bitcoin (BTC) has been squarely at the center of the financial news due to all of its wild price swings. (More on that below.)
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 […]
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 […]
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 […]
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 […]
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 […]
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).
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.
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 […]
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 […]
For the first few months since the newly designed £1 coins made their debut in the United Kingdom, people have been noticing that something is wrong with a small amount of their pocket change.
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% […]
More so than many other industries, the gold market is especially concerned with supply chain integrity. This means that where your gold comes from is important.
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 […]
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 […]
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 […]
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.
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.
For three hundred years, the people of southwest China’s Sichuan province held fast to the legend of an immense treasure submerged in a local river. Last year, it was confirmed true. Archaeologists are now bubbling over with excitement after recovering more than 10,000 silver and gold items.
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 […]