One of the most insidious problems taking place in the gold and silver mining industry is the decline in falling yields. Not many realize, when yields decline, production evaporates and disappears. To offset the decline in metal yields, the mining companies have to add new mines and or increase the…
It’s been rumored that the Russians have been purchasing the majority of their domestic gold production. Well, according to this Mining Company’s 2012 Annual Report, the Russian Federation was the majority buyer of its domestic gold and silver production. In 2012, Russian based Polymetal International, produced 589,000 ounces of gold…
In just one day, JP Morgan’s Eligible (Customer) gold inventory fell a whopping 61% today. That’s 6.7 metric tonnes of gold taken off of JP Morgan’s inventory. As you can see there are only 136,380 oz of gold left in Morgan’s Customer inventory. Basically, JP Morgan has a little more…
There still seems to be huge misunderstanding by many investors as to what it really cost to mine silver. I still come across individuals and analysts who believe the price of silver is overvalued because it is so cheap to mine the metal. Part of the reason for this FALLACY,…
(MoneyNews): Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently…
(BREAKING: Rand Paul Says He May Sue Over NSA Program) We want to hear what is going on in your area of the world… whether it’s about precious metal availability or premiums, inflation, political events, important local news, employment/job situation, etc. If you would like to share an insight that…