Gold prices have slipped below unchanged in New York, giving up modest overnight gains. Industrial metals have resumed their “Trump Rally,” with copper futures hitting prices last seen in July of last year, and iron ore and steel prices rising high enough to trigger limit breakers in Chinese markets.
Modern myths don’t die easy in Paraguay, particularly when they deal with gold bullion and buried treasure.
The Bank of England (sometimes abbreviated simply as BOE) could probably claim the title of most prestigious central bank in the world with little argument. It has been in operation for over 300 years, founded in 1694. Few outsiders may realize that the bank began, and spent most of its history, as a private corporation.
The bewildering story of the Hungarian Central Bank took another turn recently when it was revealed that it had gone out and purchased 112 nine-millimeter pistols and 200,000 round of 9x19mm Parabellum ammunition. The purchase, which was made in December, was apparently kept secret until a member of the Hungarian Parliament asked about it. The […]
During the 19th century, America had a somewhat more immediate relationship with Saint Nicholas, the figure popularly known in Christmas folklore as Santa Claus. This is the era when American industry really took off; when robber barons eagerly concentrated the nation’s wealth; and when fly-by-night “wildcat” banks dotted the entire country.
There is a famous quote that is often attributed to P.T. Barnum, the entrepreneur of Barnum & Bailey Circus fame: “There’s a sucker born every minute.”
Spot gold held ground early this morning, just 0.12% lower at $1,069/oz in choppy trading. As gold prices seem to stabilize after about a month of successive swings higher and lower, most analysts are convinced that rate hike considerations are fully priced into the precious metals market. The other metals were also mostly flat at […]
Two researchers at ETH in Switzerland have succeeded in producing the world’s lightest form of gold. Made of foam, the gold is light enough to rest atop cappuccino foam without sinking.
Arguably, the most famous hominid fossil found is that of “Lucy,” who is classified as Australopithecus afarensis. Lucy is the most complete A. afarensis fossil to be found and the oldest (3.2 million years old). While Lucy remains the oldest A. afarensis in record, a new species of hominin has been discovered near Johannesburg, South […]
It is estimated that less than 20,000 lions exist in the world today. This marks a 40% reduction in population in only two decades. The killing of Zimbabwe’s famed lion, Cecil the Lion, has dealt another blow to conservationist efforts, causing a shockwave of sadness spanning the plains of Zimbabwe to all corners of the […]
“I think our coinage is artistically of atrocious hideousness. Would it be possible, without asking permission of Congress, to employ a man like Saint-Gaudens to give us a coinage that would have some beauty?”—President Theodore Roosevelt, 1904 Let’s face it, chances are your favorite coin designs have been created or influenced by one man, Augustus […]
Have you ever noticed that the word carat has two separate meanings, both of which help describe the quality of high-value investments or luxury items? Although these two uses for the word are related (as we will see below), they are not the same. Learning the difference between carat (for diamonds) and karat (for gold) […]
Are you new to precious metals investing? Wondering why people want to buy “junk” silver, or what “fineness” is? Our friends at the Perth Mint Bullion Blog have put together a quick little glossary of terms to get you started. We’d like to add a little something to that list: ASW and AGW stand for […]
Any serious coin collector knows that the nefarious milk spot will often sully the surface of your favorite coinage. Milk spots are white deposits that leave unappealing blotches on many silver coins and bullion bars. Thankfully, collectors may soon have their frustrations ameliorated. A recent analysis by Australia’s Perth Mint has shed light on the […]
Gold is flat-out ignoring a stronger dollar this morning, as investors and banks continue to scramble for a safe haven after the Swiss National Bank abruptly cut the peg of the franc to the euro. Spot gold is up to over $1,270/oz after holding on to yesterday’s massive gains overnight in Asia and Europe. The […]
The dollar is seeing some volatility this morning, as the the DXY dollar spot index has been undulating above and below the 85.0 mark. In fact, the markets at large have been characterized by volatility the last several trading days, as the volatility index is at a 13-month high. This comes just three months after […]
We’ve all heard of criminals stealing the copper wire from electrical devices (typically air conditioning units) in order to hock the metal as scrap. While this is a somewhat common practice in the States, criminals in South Africa have taken the concept to new heights. Thefts of copper cables have become so frequent in the […]
Check out the newest feature article at Gainesville Coins, where we ask the experts which three coins would they choose over all others? See what some of the leading numismatists, bullion analysts, and ancient coin experts say. If YOU could only have three coins for your collection, what would they be, and why?
The 1998 Canadian $200 gold White Buffalo coin was the second release in a four-coin series released by the Royal Canadian Mint to commemorate beliefs and traditions of First Nations people, the Native Canadians and Americans. Designed by native artist, Alex Janvier, the coin’s reverse depicts a white buffalo rearing up on its hind legs. […]
The municipal government of Dubai has launched a repeat of its program last summer called “Your Weight in Gold,” but this time, it’s aimed at families. Over the two month weight loss drive, anyone who loses at least two kilos (1 kg = 2.2 lbs) of weight will get one gram of physical gold per […]