Category Archives: London Bullion Market Association

Perth Mint Gold “Doping” Scandal Calls Senior Leadership Into Question

By Hubert Walker for CoinWeek …. A recent report on Australian TV has put the reputation of one of the world’s major mints–as well as the reputation of the entire international system of precious metals accreditation–in jeopardy. On Monday, March 6, an internal report from the Perth Mint was leaked to the Australian Broadcasting Corporation […]

The post Perth Mint Gold “Doping” Scandal Calls Senior Leadership Into Question appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

The London Gold Fix: A Brief Guide

By Paulina Likos for Gainesville Coins ……   Administered by the London Bullion Market Association (LBMA), the London Gold Fix is considered the authority on gold and precious metal valuations. It is the process for how daily prices for gold, silver, and other precious metals are set. The London Gold Fix is established based on […]

The post The London Gold Fix: A Brief Guide appeared first on CoinWeek.

Continue Reading on CoinWeek

Biden and G7 Ban Russian Gold Imports

By Everett Millman – Gainesville Coins …… New economic sanctions against Russia will target the country’s gold exports. Several of the Group of 7 nations (known as the G7) have banned any Russian gold from entering their countries as of Sunday, June 26. Who is Banning Russian Gold? In addition to the United Kingdom, the United […]

The post Biden and G7 Ban Russian Gold Imports appeared first on CoinWeek.

Continue Reading on CoinWeek

The Silver Shortage and How It’s Affecting You: Bullion Shark

By Bullion Shark LLC …… Since the start of the pandemic in early 2020, there have been some amazing developments regarding silver bullion and the silver market – the wholesale and retail markets as well as investing in silver through ETFs, or Exchange Traded Funds. After dipping in 2019, the combined demand from those who […]

The post The Silver Shortage and How It’s Affecting You: Bullion Shark appeared first on CoinWeek.

Continue Reading on CoinWeek

GoldBars-2-150x150

Did The London/New York Markets Default On Gold Deliveries?

By Patrick A. Heller 
On Tuesday, March 24, two different bullion wholesalers told us that the London Bullion Market Association, the world’s largest gold market, was not delivering any gold to settle maturing contracts that had been called for delivery of the physical metal.
While this cessation of delivery was accurate, there were multiple possible explanations as to what occurred, each of which avoided terming the non-delivery of gold as a “default” by the exchange

Continue reading on Numismatic News

Greedy states exaggerate tax yield

Last week, I traveled to another state to meet, along with some of that state’s coin dealers, with revenue and tax officials. The purpose of the meeting was to discuss the impact on state tax collections should a rare coins, precious metals, and paper currency sales tax exemption be adopted by the state in 2019. Currently, only 13 states and the District of Columbia that impose a sales tax do not have a complete or partial sales tax exemption for rare coins, precious metals bullion, and currency

Continue reading on Numismatic News

2000px-New_US_Mint_Logo

2018 pricing of numismatic gold, commemorative gold, and platinum products grid

The United States Mint announces 2018 revisions to the pricing of gold and platinum numismatic products. An excerpt from the grid appears below:
Hover to zoom

Continue reading on Mint News Blog

New Book Explores World of Leading Bullion Coins

By Metals Focus …… On October 17, The Perth Mint, The Austrian Mint, The Royal Canadian Mint, The Rand Refinery, The Royal Mint and Metals Focus are pleased to announce the launch of The World of Leading Bullion Coins, at an event at the LBMA/LPPM Conference in Barcelona. We are grateful for the support of […]

The post New Book Explores World of Leading Bullion Coins appeared first on CoinWeek.

Continue Reading on CoinWeek

CoinWeek News Wire for October 20, 2017: Debtor Nation, Crypto-Corruption

By Coinweek …. CoinWeek News Wire for October 20, 2017:  Brain Food 1.) ‘Like stars in a complex constellation, these objects convey the sweep of Jewish history’ This exceptionally rare gold coin was minted in Judaea immediately after the conquest of Jerusalem and brought with a deployment of Roman troops to England soon afterwards. Two […]

The post CoinWeek News Wire for October 20, 2017: Debtor Nation, Crypto-Corruption appeared first on CoinWeek.

Continue Reading on CoinWeek

CoinWeek News Wire for July 28, 2017

By Coinweek ….   CoinWeek News Wire for July 28, 2017:  Digital Cash Revolution 1.) UPDATE: “WE ARE DECLARING WAR ON CASH,” BANK SPOKESMAN ANDY GERLT …[A]mong the people championing the convenience of a cashless society are those who use iphones to buy Starbucks coffee. These devotees who will sacrifice freedom for convenience will not […]

The post CoinWeek News Wire for July 28, 2017 appeared first on CoinWeek.

Continue Reading on CoinWeek

CFTC Charges Florida Companies in Fraud Schemes Involving Gold

By Commodity Futures Trading Commission ….   The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a federal civil enforcement action in Florida charging Defendants Carlos Javier Ramirez, Gold Chasers, Inc., and Royal Leisure International, Inc., all with last known addresses in Orlando, Florida, with misappropriating customer funds and engaging in fraudulent […]

The post CFTC Charges Florida Companies in Fraud Schemes Involving Gold appeared first on CoinWeek.

Continue Reading on CoinWeek

PAMP Suisse and Good Delivery: Profiles in Bullion

By Ron Drzewucki – www.moderncoinwholesale.com….. Not every nation has its own mint. Many do, but it’s a surprising minority of the world’s countries. Not quite as numerous as national mints but certainly more common than you might expect are the number of private mints and bullion manufacturers in the world. And they didn’t all spring […]

The post PAMP Suisse and Good Delivery: Profiles in Bullion appeared first on CoinWeek.

Continue Reading on CoinWeek