I’m still catching up after a vacation in Europe. For now here are links to some recommended articles about gold, silver, and precious metals from around the net.
Multiple Anomalies Detected in Silver ETFs
A recently released working paper on statistical and factual anomalies in silver ETFs including internal duplicates, weight duplicates, statistical clustering, and cross-reference duplicates. From the conclusions section: “The only way for all of these anomalies to occur together as noted in this paper, is via systemic fraud or gross accounting error bordering on jaw-dropping incompetence.”
A $5 billion hedge-fund firm switched its entire holding in the Gold ETF to physical gold bullion. During the first quarter the firm held 4.2 million shares of the SPDR Gold Trust.
New law boosts gold bar sale in South Africa
Until recently it was illegal for South Africans to hold unwrought gold, such as gold in bar form. The law change has sparked a surge in new bullion demand.
National Gold Exchange Inc of Tampa
National Gold Exchange, one of the world’s largest coin wholesalers, has filed for Chapter 11 bankruptcy. The company has more than $50 million in debts.
From a few weeks ago. The Wall Street Journal ran this high profile piece on gold investing. Someone interviewed for the article said: “When you’re in uncharted economic waters, people buy gold.”
Ronald Regan Gold and Silver Coins Proposed
Should Ronald Reagan appear on gold and silver commemorative coins? Over the years there have apparently been several proposals to put his likeness on a coin, but none ever gained sufficient support to become law.