News Articles

On Monday 20th July the gold price fell sharply, dropping 4.3% from its Friday closing price. This note explains what happened and counters some misconceptions . . . .

Gold plummeted from $US1132 an ounce to $US1092 in the space of minutes today after 5 tonnes of bullion was unloaded on the Chinese market . . . .

A new survey has shown that Chinese corporate debt is reaching unprecedented levels, at a time when economic growth is at a 25-year low . . . .

China ended six years of mystery over how much gold it’s hoarding, revealing a 57 percent jump in reserves and overtaking Russia to become the country with the fifth-largest stash of the metal . . . .

United States Mint officials decided July 13 that the bureau will not produce and issue the American Liberty, High Relief silver medal in 2015. Additionally, the American Liberty, High Relief gold coin is not to be an annual product . . . .

The U.S. Mint temporarily suspended sales July 7 of 2015 silver American Eagle bullion coins so the depleted inventory can be replenished . . . .

We have warned about this for many years and warned as recently as April this year that people should avoid using safety deposit boxes in banks. Greek capital controls also prevent access to contents of safe deposit boxes... it is important to own assets outside banking system and not in bank safe deposit boxes ... own physical bullion in private safety deposit boxes and the safest private vaults . . .

Sales of Gold Eagles increased from 21,500 oz in May to 76,000 oz in June due to investor’s concern on the financial fallout of a Greek Exit. However, this was nothing compared to Gold Eagle buying during the remaining days of last week. Something quite interesting took place on Friday last week. . . . .

The 2015-W American Liberty gold coin will be struck three times, with the press operator inserting the planchet and removing the coin manually, U.S. Mint officials confirmed July 2. The Mint also confirmed that custom planchets will be used for the high relief 1-ounce .9999 fine gold coin . . . .

Iran has successfully repatriated this week 13 tons of gold as part of a package of sanctions relief provided by the U.S. and other five global powers . . . .