Gold and Silver News & Headlines for November 26
Dig It: These People are Burying Their Cash
Some people are withdrawing money from their FDIC insured, interest bearing bank accounts to bury the cash (or gold purchased with cash) in their backyards. A few years ago something like this would have sounded paranoid or at least eccentric, but it doesn’t seem that way anymore.
The gold [...]
US Mint 2008 Gold and Silver Dwindle, 2009 Releases Delayed
The United States Mint recently released a memo to authorized bullion purchasers regarding the remaining 2008-dated bullion coins and the upcoming 2009-dated bullion coins.
The only 2008 dated bullion coins still being sold by the US Mint are the 1 ounce American Gold Eagle and 1 ounce American Silver Eagle. Final allocations for these coins will [...]
Perth Mint Suspends Gold Sales
Another major Mint has succumbed to the unrelenting demand for physical precious metals. Today the Perth Mint announced that they will be forced to cease taking orders until January.
Although the Perth Mint is based in Australia, they do approximately 80% of their business outside of Australia in North America, Europe, and Asia. Demand for their [...]
Gold and Silver News & Headlines for November 21
Trump Alumn Fired Up About GoldandSilverNow
A former finalist from “The Apprentice” has started a peer-to-peer network for buying and selling gold and silver. The idea is that such a network would avoid the unavailability and long waits necessary to buy gold and silver from bullion dealers. Definitely an interesting concept.
Demand for Gold Hits a Record [...]
Buying Physical Silver at the Lowest Premium
If you’ve tried buying physical silver recently, then you are undoubtedly aware of the incredibly high premiums charged above market value. I wrote previously about the premiums for 100 ounce silver bars, which are traditionally a low premium method for acquiring silver. At the time of investigation, premiums were running from 40% to 50% above [...]
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