Over the past ten years, a number of U.S. states that didn’t already exempt gold and silver bullion from sales tax are coming to their senses.
This coming Friday, February 16th, marks the beginning of the Chinese Lunar New Year. The occasion signals the end of the Year of the Rooster and the start of the Year of Dog in 2018. It is a time of celebration for many cultures around the world. Accordingly, the Lunar New Year is often seen […]
From the time that Europeans started arriving in the New World during the 16th and 17th centuries, shipwrecks began piling up along the Atlantic coast and in the Caribbean Sea. A company based in Jacksonville, Florida that specializes in recovering treasure these sunken ships believes it may have made a major discovery in the waters […]
Later today, fans in Philadelphia and New England will be hoping their respective football teams strike gold in Super Bowl LII. The Roman numerals “LII” indicate it’s the 52nd iteration of the National Football League’s yearly contest to crown a new champion. Have you ever wondered: How much precious metal goes into a Super Bowl […]
Wealth and lifestyle are often closely interconnected ideas. Sure, there’s always the outlier like Warren Buffett, who has tens of billions of dollars but has chosen to live in the same home and drive the same car for decades. In general, however, people tend to associate large sums of money with a certain outward style. […]
Thanks to inflation, it’s increasingly uncommon for people to pay for anything with coins. Perhaps when it’s just a bag of chips or a stick of gum, you may see someone pay with a handful of coins. But what about this: a Chinese businessman bought a BMW—yes, an automobile!—entirely in coins.
Efforts to recycle trash are rarely controversial today, but the U.S. Treasury Department has found itself in this uncommon situation over the past few years. The problem centered around the United States Mint’s mutilated coin redemption program.
Gold and silver are often associated with the festive decorations that accompany the Christmas season. The luster and sparkle of precious metals fit in well amid all of the ornaments, snowfall, colorful lights, and red-and-green stockings that abound this time of year. However, a uniquely dazzling Christmas tree display made entirely of gold is bringing […]
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, and recovering gold from this waste is appealing. The problem is especially pressing in the dense urban areas where trash and other waste is generated in high volumes. For […]
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 […]