(Alhambra Partners): Thus the recent gold price crash was met largely with glee and gloating among the professional economist cohort as evidence of central bank success in not only initiating “normal” financial conditions but refutation of monetary critics. For this view, gold prices in 2013 represent the same as gold…
(GoldSilver.com): A great example of this type of journalism occurred in the silver market recently. An anonymous YouTuber going by the name of ‘Drutter’ discovered a large divergence between the market price for silver, and the physical demand for Silver Eagles as reported by the US Mint. ‘Drutter’ posted a…
One of the most insidious problems taking place in the gold and silver mining industry is the decline in falling yields. Not many realize, when yields decline, production evaporates and disappears. To offset the decline in metal yields, the mining companies have to add new mines and or increase the…
It’s been rumored that the Russians have been purchasing the majority of their domestic gold production. Well, according to this Mining Company’s 2012 Annual Report, the Russian Federation was the majority buyer of its domestic gold and silver production. In 2012, Russian based Polymetal International, produced 589,000 ounces of gold…
In just one day, JP Morgan’s Eligible (Customer) gold inventory fell a whopping 61% today. That’s 6.7 metric tonnes of gold taken off of JP Morgan’s inventory. As you can see there are only 136,380 oz of gold left in Morgan’s Customer inventory. Basically, JP Morgan has a little more…
There still seems to be huge misunderstanding by many investors as to what it really cost to mine silver. I still come across individuals and analysts who believe the price of silver is overvalued because it is so cheap to mine the metal. Part of the reason for this FALLACY,…