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…
by Charles Savoie: Ted Butler’s latest suggestion about Suing JP Morgan and the COMEX has prompted these thoughts. My response at Gold Silver Worlds http://goldsilverworlds.com/physical was this— “Ted is the best of the best explaining these nuts and bolts. But where is his grasp of monetary matters? I see it…
(by Ugo Bardi) Precious metal currency was a fundamental factor that kept together the Roman empire and gave to the Romans their military power. But the Roman mines producing gold and silver peaked in the first century CE and the Romans gradually lost the capability of controlling their resources. In…
In just the past two years, U.S. gold scrap exports declined an amazing 80%. What’s going on here? Is the U.S. starting to run out of gold scrap? Either the U.S. is running low on gold scrap to export or the market is refining more to fill the huge amount…