The once mighty paper price setting Comex Exchange has now become a mere shadow of its former self. Before the U.S. Investment Banking and Housing Collapse in 2008, the Comex held over five million oz in its Registered Gold inventories. At the peak, it held approximately 5.3 million oz (Moz)…
As the global stock markets continue to crash, demand for precious metals will continue to increase. Already, the U.S. Mint had to ration Silver Eagles sales due to a shortage of silver blanks. Sales of Silver Eagles in a little more than a week have reached nearly five million oz….
Liberta– The price of Gold breached R 18,000/oz for the first time ever on the 11th of January 2016 in South Africa (R = Rand). It is currently standing on R 18,239/oz. Let’s take a look at the price of Gold in South African Rands (ZAR) over the last 30…
The Daily Coin– It is no secret the mining industry is in trouble and has been in trouble for several years. The acquisition cost for precious metals, especially gold and silver, have been at rock bottom since mid 2011. The base metals, like zinc, lead and copper have also experienced…
There have been some recent changes on the COMEX in response to the Bankers “War on Cash.” Last year, Chase Bank in the U.S. advised its clients who rent safe deposit boxes there would be some policy changes. Some of these changes had to do with the storage of cash…
In a surprising update, the world largest silver producer actually experienced a decline in silver mine supply over the past two years. This is quite remarkable as several analysts and official sources reported or perceived that Mexico continued to shown an increase in silver production. I wrote about this in…