While prices of gold and silver have cooled, the collectible coin market is still on a hot streak By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… This afternoon, I saw another slip in the prices for gold and silver. At the time of writing, the spot price of gold stands at $1,710, and […]
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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 […]
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“If you don’t know gold, you’d better know your gold dealer,” cautions the leader of the Accredited Precious Metals Dealer program of the Professional Numismatists Guild Dealers who sell bullion gold and silver bullion coins report an increase in new customers who want to own precious metals. They also are seeing some earlier customers […]
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(Photo by Gareth Fuller/PA Images via Getty Images)
On Oct. 2 it was reported that the Great Britain-based stores of major retailer Costco Wholesale have started selling physical gold and silver bars to their customers.
Should this company, or any other large retail chain, begin offering such products in their American stores, what would be the likely impact on the supply and demand and, therefore, prices of physical gold and silver?
In Europe, many banks sell and deliver physical precious metals to their walk-in customers
By Pegasus Coin and Jewelry …… The “spot price” in the precious metals marketplace represents the basis for which a raw ounce of the metals can be bought and sold for immediate delivery. Spot prices fluctuate constantly, affecting both the buying and selling of precious metals. The price you will pay for any silver, gold, […]
The post All About “Spot Price”- Everything You Ever Wanted to Know but Couldn’t Get a Straight Answer appeared first on CoinWeek.
By Patrick Heller
In last week’s column, I detailed various ways that official and unofficial reports of precious metals data (supply, demand, inventories, trading volume, etc.) are either kept secret, is misreported or is skewed so as to be misleading. This column was so popular that it was more widely linked at other websites than most of my articles
Palladium reaches all-time record of $2,911.70 per ounce on Thursday, February 27 By Dillon Gage Metals …… On Thursday, February 27, palladium reached its all-time record high of $2,911.70 USD per ounce. Dillon Gage, a world leader in physical precious metals, explains why palladium is worth a lot more than its weight in gold. […]
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Commentary for Tuesday, February 24, 2020 (www.golddealer.com) By Richard Schwary of California Numismatic Investments Inc …… Gold closed up $$27.80 today at $1,672.40! So, we are at seven-year highs, while the Dollar Index is moving towards 100 so both gold and the dollar are now seeing solid safe-haven buying. It is a bit perplexing however […]
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By Blanchard and Company, Inc ….. Gold mines are becoming more difficult to source and maintain. Consider that the global nonferrous exploration budget remains below the 2014 level. Moreover, between 2012 and 2016 this figure dropped each year. The S&P Global Market Intelligence Report adds color to these numbers by explaining that their research “has […]
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Precious Metals By Bullion Shark LLC …… Every single group of precious metals has been on the move lately. That includes gold, silver, platinum, palladium and rhodium. Precious metal investors are thrilled, and hype in the market is starting to show. Since the metals hit their heights in 2011, we have not since seen the […]
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By Commodity Futures Trading Commission …. On Thursday, July 25, the United States Court of Appeals for the Ninth Circuit reinstated its anti-fraud enforcement action against Monex Deposit Company and its affiliated companies and principals. The Ninth Circuit held that the district court erred in dismissing the case, and ruled that the CFTC’s charges of […]
The post Gold & Precious Metals: Ninth Circuit Rules for CFTC in Fraud Case Against Monex appeared first on CoinWeek.
CoinWeek Podcast #105: Precious Metals Markets – A Look Behind the Curtain with Kitco’s Peter Hug Mobile phone users. Stream this podcast for free by downloading the podomatic app or subscribe to the CoinWeek Podcast on iTunes. This week on the CoinWeek Podcast, Peter Hug, Kitco’s Director of Global Trading, joins us to give listeners a true […]
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By Joshua Gibbons – About.Ag – for CoinWeek …. I first started following Monex in late 2014, about a year after the U.S. Commodities Futures Trading Commission (CFTC) started their investigation. Their investigation, as you have likely heard, resulted in a lawsuit alleging “one of the largest precious metals fraud cases in the history of […]
The post Monex: Will the CFTC End Retail Bullion Leverage? appeared first on CoinWeek.
APMEX, Inc., a leading online Precious Metals retailer based in Oklahoma City, was recently listed as #45 out of 500 in all of North America by Internet Retailer® and remained #1 among specialty e-retailers. This is the third consecutive year APMEX has been listed in the magazine’s top 500. APMEX ranked as the #1 specialty […]
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Commentary for Friday, April 21, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $5.30 at $1,289.10 and once again holds its ground. So where are we going into the weekend? I think traders are cautious but not ambivalent – on the short term gold is […]
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Commentary for Monday, April 10, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $3.40 at $1,253.90 USD today in directionless trading. The overnight London and Hong Kong markets were sleepy – there was a selloff in early domestic trading which looked at $1,245.00 but traders once […]
The post Gold Dealer Newsletter – Gold Traders Continue to Buy the Dips appeared first on CoinWeek.
2017 Platts Global Metals Awards Committee Names Dillon Gage Finalist Dillon Gage Metals, an international precious metals wholesaler, has been selected as a finalist by the Platts Global Metals Awards Selection Committee in two categories. The awards are conducted by S&P Platts, a leading independent provider of information and benchmark prices for the commodities and […]
The post Bullion & Precious Metal News: Dillon Gage Metals up for Prestigious Industry Awards appeared first on CoinWeek.
2017 Platts Global Metals Awards Committee Names Dillon Gage Finalist Dillon Gage Metals, an international precious metals wholesaler, has been selected as a finalist by the Platts Global Metals Awards Selection Committee in two categories. The awards are conducted by S&P Platts, a leading independent provider of information and benchmark prices for the commodities and […]
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Commentary for Monday, March 27, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $7.20 today at $1,255.70. The common wisdom being that gold is pushing higher because of safe haven buying now in place because Trump policies are failing? Please – I think the best […]
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A-Mark Precious Metals, Inc. (NASDAQ:AMRK), a full-service precious metals trading company and an official distributor for all the major sovereign mints, has acquired a majority ownership stake in Indiana-based SilverTowne Mint and entered into an exclusive supplier agreement with Asahi Refining USA Inc. a subsidiary of Asahi Holdings (TSE: 5857), a global refiner and producer […]
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UC Riverside political scientist suggests that introduction of coins fits historical pattern of troubled regimes turning to gold as “golden parachute” By University of California, Riverside ….. When ISIS announced in 2014 that it would create its own currency of gold, silver and copper coins, the terrorist organization said its intent was to free its […]
The post Creation of Coins and Precious Metal Monetary System May Signal ISIS under Stress appeared first on CoinWeek.
By Everett Millman – Gainesville Coins ……. Throughout their history, the Swiss have cultivated a long-standing reputation as an authority in the area of gold–both in their refining skill and in the wisdom of their monetary policy. Switzerland is not actually among the world’s leading importers or exporters of the metal, neither in terms of […]
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By David Smith – Money Metals Exchange…. There’s a saying in the resource sector investment community regarding whether or not a person might be privy to a good private placement or the inside scoop on a company that’s working on a lucrative gold or silver project. The saying goes: If you’re out of the room, […]
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by Pat Heller – Liberty Coin Service Last Wednesday, the Federal Open Market Committee (FOMC) ended its latest regularly-scheduled two-day meeting. While the rest of the world waited breathlessly to hear what the concluding announcement would say, my media pronouncement the day before accurately explained what the statement would contain. In the announcement, the Committee […]
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The volatility of global equities was on the rise this week, with significant sell-offs on the major stock exchanges in the U.S. (Tuesday) and China (Thursday). This coincided with a downward revision of first-quarter GDP amid an array of other disappointing economic data in the States. Funds continued to crowd into the bond markets, though […]
The post Gainesville Coins Market Update: May 22-29, 2015 appeared first on CoinWeek.
Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold fell 1.2% to close just under $1,208 as a stronger dollar and weaker oil reduced demand for the metal as an alternative store of value. The dollar firmed against most major rivals after upbeat U.S. manufacturing in November increased speculation that the Fed will amend its forward guidance […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold forged back above $1,200, gaining 0.8% to close near $1,209, as a rally in oil prices and disappointing jobs data boosted demand for the metal as a store of value. Crude oil jumped 0.6% after an official report showed U.S. inventories have fallen more than expected. […]
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by Dana Samuelson – American Gold Exchange On Sunday, the citizens of Switzerland will cast a historic vote to determine how their government will maintain its future financial health. The referendum is known as the Swiss Gold Initiative. Its tacit goal is to lower government debt and support the Swiss franc by returning to traditional Swiss values […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold dipped 0.2% in light trading to close just above $1,196 as rising global equities reduced demand for safe havens. The Dow and S&P 500 closed at new record highs and the Global Dow gained behind expectations of yet more stimulus in the Eurozone. The dollar rolled […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold surged 2.1% to close at a six-week high above $1,185 on speculation that OPEC may cut production, boosting demand for the metal as a hedge against higher oil prices. Gold initially dropped in early trade after reports that U. S. consumer sentiment hit a seven-year high last […]
The post Precious Metals Market Report: Gold surges 2.1% on oil, OPEC view – November 14, 2014 appeared first on CoinWeek.
Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold gained for the second in three sessions, edging up 0.2% to close at $1,161.50, as higher jobless claims pressured the dollar and boosted demand for alternative stores of value. Initial claims for unemployment benefits rose by 12,000 last week, the most in two months, as layoffs […]
The post Precious Metals Market Report: Gold Gains 0.2% on Rising Jobless Claims – November 13, 2014 appeared first on CoinWeek.
Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold slipped 0.3% to close under 1,160 as an uptick in the dollar diminished demand for alternative store of value. The ICE Dollar Index rebounded by 0.3%, helped by a tumbling British pound after the Bank of England lowered its quarterly inflation forecast, pushing the prospect […]
The post Precious Metals Market Report: Gold Slips 0.3% as Dollar Rallies – November 12, 2014 appeared first on CoinWeek.
Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold picked up 0.3% in thin trade to close at $1,163, then added another $5 after hours as a softer dollar and rising physical demand in Asia and Europe boosted the metal. As Japan struggles with persistent disinflation and crumbling consumer sentiment, Prime Minister Shinzo Abe suggested […]
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By Richard (Rick) Mills – Ahead of the Herd ……………… As a general rule, the most successful man in life is the man who has the best information Demand Global gold demand was 964t in Q2 2014, significantly reduced from the record high in Q2 2013. ETF outflows slowed sharply. Central Banks continued to buy gold for […]
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Commentary on Precious Metals Prepared for CoinWeek.com By Patrick A. Heller Precious Metals Prices are going to get more volatile starting October 1. The CME Group (NASDAQ: CME), which owns the COMEX, NYMEX, GLOBEX, and other commodity exchanges, has announced new margin rules on leveraged accounts to take effect that date in order to comply with […]
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