News Articles

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 . . . .

Gold is worth holding in diverse portfolios even despite the determined dollar strengthening trend ... Terrorism against U.S. interests within our borders pose a danger to the dollar ... Sustained disturbances or a catastrophic attack could have a lasting impact and drive gold sharply higher . . . .

The European situation changed dramatically over the weekend and this had caused me to change my position on gold . . . .

China plans to launch a yuan-denominated gold fix by the end of 2015 via the Shanghai Gold Exchange (SGE), in a move aimed at giving the world’s biggest bullion producer and consumer more influence over pricing . . . .