The U.S. Treasury would consume nearly half of total mine supply if U.S coins contained silver. Prior to 1965, the U.S. Mint included silver in its coinage. The U.S. dime, quarter and half-dollar consisted of 90% silver. However, today they are nothing more than base metal slugs. If we look…
By Ugo Bardi: Since gold costs almost a thousand times more than tungsten (ca. $ 40,000 per kg against about $ 50 per kg) you can understand that there is a lot of incentive for the second law to play a role, here: with a chance to cheat, someone will….
Many precious metals investors are being deceived and they don’t even know it. There is so much fraud, manipulation and deceit taking place in the economic and financial markets, its amazing the system hasn’t collapsed already. However, there is another big problem taking place in the precious metal industry that…
The U.S. Mint sold more Silver Eagles in the past two months than it has ever in the same time-period in previous years. February and March sales were so strong, they surpassed 2013’s by nearly 2.4 million. According to the U.S. Mint’s most recent update, sales of Silver Eagles in…
By Gene Arensberg: We at Got Gold Report have to believe that the gold trade now expects and is positioning for a higher, not a lower gold price in 2014. The sudden, overly large reduction in the Producer/Merchant gross shorts this COT week is kind of an earthquake in that…
According to the recent update by the U.S. Mint, Silver Eagle sales hit a new record in March. Sales of the U.S. Silver Eagle reached 4,476,000 at the end of the week. Even though this surpassed the amount sold last year by over one million, the U.S. mint still has…