What a difference in the gold and silver prices since yesterday, eh? On the last day of trading in June, both gold and silver hit important technical levels. Gold closed at $1,800, and silver closed at $18.64. And, during early Asian trading, both metals were up nicely. However, that all…
In the newest precious metals update, Tom Cloud discusses the platinum market, U.S. Dollar troubles, and is your money safe in banks. Tom says that more individuals and companies are moving some of their cash out of banks and into physical metals than he as ever seen before. Americans are…
A $10 bill today doesn’t buy as much as it used to. Yes, indeed… the $10 Federal Reserve Note today would only buy a little more than a half-ounce of silver. However, back in 1934, a $10 Silver Certificate would purchase 18.5 ounces of silver. Try doing that today. According to…
Silver Eagle premiums have fallen from the highs over the past 4-6 weeks. However, 2020 Silver Eagle premiums from the leading online dealers are still averaging nearly $8 per coin. Thus, precious metals investors are still paying an average 45% premium over spot for the U.S. Mint 2020 Silver Eagles….
Over the past decade, these top five countries were the leading silver investors in the world. From 2010 to 2019, citizens in these countries invested over two billion ounces of silver bars and coins. Which country was the largest investor of silver? Actually, I was surprised by the data. Since…
With the data now finally out, Peru’s silver mine production collapsed in April. Due to the shutdown of a large portion of Peru’s mining industry, as a result of the global contagion, the impact on the world’s second-largest silver supply was enormous. While I had mentioned in previous articles that…