Earlier this week Resolute Mining announced that it was offering shareholders the option to receive their dividend payments in gold directly into a Perth Mint Depository account. The offer is limited to shareholders with more than 5,000 shares, as at a declared dividend of 1.7 cents per share that would only be $85 worth of […]
Valaurum offers the Aurum®, a ‘Thin Film Precious Metal’ that contains precisely 1/4, 1/10 or 1/20 gram of pure 24K gold and features industry-leading anti-counterfeiting technology. Monetary Metals’ lessors are financing the gold working inventory of Valaurum. For more information see Monetary Metals’ press release. Metal: Gold Commencement Date: Aug 30, 2016 Duration: 12 months […]
The dollar exchange rates of the metals fell this week, with that of silver falling more. Friday’s trading action was notable, because at first markets (including the US stock market) interpreted comments by Fed Chair Janet Yellen as “dovish”—i.e. low interest rates will continue. This means rising money supply, and everyone “knows” that that means […]
Switzerland has just released its gold import/export figures for July and the summary below from www.goldchartsrus.com shows another big month of net exports. Swiss gold flows are worth looking at because Switzerland is home to over 5000 tonnes of refinery capacity (see this BullionStar article for more detail) as well as being a major vaulting […]
In April Keith and I met with Torgny Persson and Luke Chua from BullionStar while visiting Singapore to speak at the Mining Investment Asia conference. We both recorded interviews with them and the first one has just been released. Topics covered include: Trends in the physical gold market – flows into ETFs, impact of speculators […]
Measured in gold, the price of the dollar hardly budged this week. It fell less than one tenth of a milligram, from 23.29 to 23.20mg. However, in silver terms, it’s a different story. The dollar became more valuable, rising from 1.58 to 1.61 grams. Most people would say that gold went up $6 and silver […]
The Arizona House of Representatives has convened an Ad Hoc Committee on Gold Bonds. The purpose is to explore if and how the state could sell a gold bond. This is an exciting development, as the issuance of a gold bond would be a major step towards a working gold standard. Yours truly is a […]
The prices of the metals didn’t change much this week. We thought we would take this opportunity to quote Warren Buffet. His comment at Harvard in 1998 earns him the despite of the gold community. “Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury […]
What is the real interest rate? It is the nominal rate minus the inflation rate. This is a problematic idea. Let’s drill deeper into what they mean by inflation. Apples, Oranges and the Consumer Price Index You can’t add apples and oranges, or so the old expression claims. However, economists insist that you can average […]
The price of gold was down about fifteen Federal Reserve Notes this week. The price of silver was down sixty-two copper-plated zinc pennies. Is the Federal Reserve Note a suitable instrument with which to measure gold? Can one really use debased pennies—which aren’t even made of the base metal copper any more—to measure the value […]
