According to the most recent data put out by the Official Government Mints, silver coin sales are outpacing gold in a big way. Even though some of the Official Mints silver coins sales are down somewhat compared to the same period last year, gold sales are down more than three…
(by Gary Christenson) Global annual silver production is approximately 820,000,000 ounces or a bit more than 25,000 metric tons. What does that mean in terms that we can more easily understand? If the global annual mine production of silver were cast into one large silver pyramid, it would be approximately…
(by Charles Savoie) Senator Paul, on behalf of the hard money movement, the Constitutional money community, and Americans having lawfully acquired gold and silver and corresponding mining shares—sincerest respect and greetings. We are pleased about your FAIR Act (Senate Bill 2644, introduced last month) in support of the Fifth Amendment,…
The gold mining industry literally devours energy to produce an ounce of gold. In the past decade, fuel consumption at the top gold miners more than doubled, but the actual energy cost grew at a much higher rate. The huge increase of diesel consumption at the top 5 gold miners…
Chinese silver inventories grow increasingly tight as stocks at the Shanghai Futures Exchange continue to fall to record low levels. It is truly amazing to watch how much silver inventories declined at the Shanghai Futures Exchange since March of 2013. It’s important to understand that the Shanghai Futures Exchange as…
(by Hugo Salinas Price) The Powers That Be in the US and its allies seem to be committed to keeping the price of gold below $1320US/oz. Is the US control of the price of gold bad for China? It would appear that since China is purchasing large amounts of gold,…