Investors are hungry for silver coins right now. Why? They are cheap and have a long term potential to deliver great returns.
Actually, silver coin sales will likely hit an all-time high in 2013, according to a recent report by consultancy Thomas Reuters GFMS, reported in the Wall Street Jou... read more
Noor Islamic Bank (Noor) has rolled out sales of the UAE gold bullion coins for retail buyers in denominations of one, half, quarter and one/tenth ounce in 99.99 per cent purity (24 karat).
The innovative product offering makes Noor the first Islamic bank in the UAE to offer a fully fledged product in the precious metals segment. The initiative has been launched in partnership with the Dubai... read more
It’s one of the greatest ironies of history that gold detractors refer to the metal as the barbarous relic, when in fact the abandonment of gold has put civilization as we know it at risk of extinction.
The gold coin standard that had served Western economies so brilliantly throughout most of the 19th century hit a brick wall in 1914 and was never able to recover... read more
Gold rose $14.40 or 1.13% yesterday, closing at $1,294.07/oz. Silver hit a high $20.90 and closed the day with a gain of $0.25 closing at $20.81.
Yesterday, the World Gold Council released its Gold Demand Trends 2013 Report which demonstrates quite clearly that the Chinese continue to accumulate gold; gold continues to flow east to both government and consumer channels. The report also showe... read more
When the Reserve Bank of India and the government tried to staunch gold imports by increasing duties and limiting supply in order to help their western central bank counterparts, who were deeply embarrassed by their inability to return Germany's gold, the experiment in currency controls had the effect of making the premiums paid for actual gold jump to 21.6% over western paper 'spot' prices.... read more
Further evidence emerged last week that the pumping of money into the financial system by the world’s major central banks is doing virtually nothing to promote global economic growth. Instead, there are mounting warnings that the vast money-printing operation is creating the conditions for another global financial crisis.
Amidst the general stagnation, moreover, tensions between the major... read more
China has kept its position as the world's largest gold consumer, requiring 210 tonnes in the third quarter this year, said the World Gold Council on Thursday.
The figure is an 18% increase over the same period last year in the jewelry, bullion and coin sectors, said a report issued by the council.
China has increased its lead in gold demand over India, which has traditionally been the wo... read more
Silver coins are gaining favor among investors and sales could rise to a record high in 2013, thanks to a sharp fall in the precious metal’s price.
Demand for silver, which is sought after by investors and industrial users alike, is expected to rise, consultancy Thomson Reuters GFMS said in a recent report. The industrial sector accounts for about 45% of global silver consumption, it said.... read more
We are aboard a speeding train that cannot speed up - neither can it slow down - due to fiat, default, and what will be remembered as the greatest credit fiasco in history. And the road is ending just up ahead.
You can't go back and you can't stand still...
Speed is a 1994 American action-thriller movie directed by Jan de Bont. The film stars Keanu Reeves, Dennis Hopper, Sandra Bullock a... read more
Gold fluctuated near a one-week high as investors assessed the Federal Reserve’s commitment to maintain stimulus. Billionaire investor John Paulson kept his holdings in the largest bullion-backed exchange-traded fund.
Bullion for immediate delivery traded at $1,288.02 an ou... read more
