[This article also appears on CoinWeek.] Each year, the spring festival known as Akshaya Tritiya is celebrated by Hindus and Jains all around the world. The beginning of the celebration falls on April 18th (today) this year. As is always the case, the holiday will be accompanied by a surge in gold purchases.
Legislation sponsored by U.S. Representative Alex Mooney of West Virginia seeks to return the United States to a system of sound money. After roughly 50 years of experimenting with a purely fiat currency, Rep. Mooney wants to once again back our currency with gold.
Every so often, the public becomes captivated by a story about long-lost gold bars being found by sleuthing treasure hunters.
One of the more astounding hoards of Gold Sovereigns found in recent memory may be getting a new home.
A surreal story involving precious metals leaked out of Russia late this week. It hasn’t gotten as much attention in the West as you might expect yet. However, as far as we can tell, this strange tale genuinely happened!
Imagine thinking you had struck it rich, only to find out that the gold you had uncovered simply wasn’t real. In an almost comical turn of events, this exact situation befell a pair of treasure hunters near Suffolk, England.
It seems that everybody is trying to get rich quick with cryptocurrencies these days. Many investors, particularly those with little experience, are finding out that this can be a rather risky undertaking. However, a group of Russian scientists working for the Kremlin ran afoul of their employer by plotting to use state resources to mine […]
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 […]