It seems investors are getting their hands on a lot of silver, which surpassed the $30 mark last week. The Royal Canadian Mint (RCM) is limiting sales of 2013 Silver Maple Leaf (SML) bullion coins, while the United States Mint has suspended sales … [Read more...]
Archives for January 2013
Canadian Mint limits sales of silver Maple Leafs, U.S. Mint suspends sales
January 28, 2013 By Leave a Comment
Indian government to hike import duty on gold, platinum to six percent
January 21, 2013 By Leave a Comment
The government of India announced Monday that it is increasing the import duty on gold and platinum by two percent from four percent to six percent immediately, local news outlets reported. The purpose of the measure to curb the amount of precious … [Read more...]
Sales of gold, silver coins on track to hit record monthly highs in January
January 17, 2013 By Leave a Comment
Since the start of 2013, sales of gold and silver coins have surged in the United States because investors are seeking to protect their wealth and investments from a possible economic collapse, runaway inflation and potential default on the nation’s … [Read more...]
Illinois looking to register gold and silver transactions in legislation
January 16, 2013 By 1 Comment
Last spring, the Illinois state legislature introduced SB3341 “Precious Metal Purchasing Act,” a bill that would require the registration and even tracking of all purchases of precious metals. The legislation would order a person to obtain proof of … [Read more...]
Germany planning to repatriate gold from New York Fed, French central bank
January 15, 2013 By Leave a Comment
The German daily Handelsblatt reported Tuesday that the Bundesbank, the nation’s central bank, will be withdrawing billions in gold held at the New York Federal Reserve, Bank of England and the Banque de France. The purpose is to deposit more of its … [Read more...]
World Gold Council: Gold demand to rise in global transition to multi-currency reserve system
January 14, 2013 By Leave a Comment
In an Official Monetary and Financial Institutions Forum (OMFIF) report commissioned by the World Gold Council (WGC), it was projected that demand for gold would likely rise in 2013 as the world shifts toward a multi-currency reserve system due to … [Read more...]
Selling gold to deal with debt ceiling crisis being talked about
January 14, 2013 By 1 Comment
Since the idea of minting a $1 trillion platinum coin to evade the debt ceiling has been officially rejected, there has been another concept floating around to sell a portion of the Treasury’s 261.5 million ounces of gold in Fort Knox, Kentucky. With … [Read more...]
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