The latest production figures from the U.S. Mint show a dramatic decline in the sale of both gold and silver bullion coins. According to the U.S. Mint, sales of American Gold Eagle bullion coins in February 2012 totaled 21,000 ounces, a decrease of 83.5% from January sales of 127,000 ounces. Gold bullion coin sales declined [...]
Gold and Silver Blog
The “flash crash” in gold that occurred on Wednesday seemed to have as much logic behind it as the infamous stock market flash crash of May 6, 2010 when the Dow Jones quickly plunged 1,000 points for no particular reason. Yesterday’s extraordinary price action in the precious metals has again resulted in mainstream press speculation [...]
Gold and Silver Blog
Two examples of the frustrations that some gold investors have gone through in the past year offers a valuable lesson to long term gold investors. During 2011, despite being heavily invested in gold, John Paulson’s Gold Fund wound up losing 11% of its value. This despite the fact that gold bullion gained 2.50 during 2011, [...]
Gold and Silver Blog
Leveraged earnings gains from rising gold prices have historically resulted in gold stocks outperforming gold bullion. From 2000 to the highs of 2008, the PHLX Gold/Silver Index (XAU) rose by 345% compared to a 252% increase in the price of gold. Over the past two years, the out performance of gold stocks has come to [...]
Gold and Silver Blog
How many of the countries best financial advisors are telling their customers to invest in gold? Despite the fact that gold has gone up for the past eleven years, a Barron’s survey shows that gold remains distinctly out of favor by mainstream investment advisors. Barron’s interviewed 51 of the countries most successful investment advisors from [...]
Gold and Silver Blog
The chronic myth that gold is in a bubble continues to persist, perhaps driven by the fact that gold has risen for the past 11 years. The mainstream press has float stories year after year that gold was dangerously overpriced and unsuitable for most investors. This gold bubble mindset, promulgated by “analysts” who have never [...]
Gold and Silver Blog
Investor demand for gold during 2011 hit an all time high, fueled by soaring demand in China and India. Total gold demand by China and India during 2011 amounted to a staggering 61% of all gold mine production last year. The 2011 Gold Demand Trends report issued by the World Gold Council show a huge [...]
Gold and Silver Blog
According to the latest production figures from the U.S. Mint, January sales of American Gold Eagle bullion coins soared by 93.8% over the previous month. A total of 127,000 ounces were sold in January compared to 65,500 ounces in December 2011. The surge in demand for gold bullion coins is now at the highest level [...]
Gold and Silver Blog
Platinum is one of the rarest earth elements with the vast majority of deposits found in only one place on earth. Annual platinum production is only 30 tonnes per year compared to approximately 2,800 tonnes for gold and 23,000 tonnes for silver. Roughly 80% of annual platinum production comes from only three mines in South [...]
Gold and Silver Blog
