The increase in production and sales of the Royal Mint should probably come as no surprise, considering its 2016 political turmoil that peaked in July when voters supported a referendum to leave the European Union.
Each of Kyrgyzstan’s 6 million citizens should own some gold, 100 grams, or 3.5 ounces, of the precious metal at a minimum, according to the chairman of the National Bank of the Kyrgyz Republic.That would be a shift in savings from cattle to gold.
A recently completed study by Capital Economics suggests that the increase in silver prices over the past several months will likely recede as the price of zinc and lead surges. Silver is a byproduct of zinc and lead mining.
To mark 65 years as a collector of U.S. coins and 48 years as a professional numismatist, Brian E. Fanton from BE’s Coins & More in Hiawatha, Iowa, has issued a 1-ounce .999 fine silver bullion round. Fanton, with the help of BE’s staff, designed and copyrighted the special bullion rounds.
Germany is in its final stages of repatriating more than 700 metric tons and gold from vaults in New York and Paris. Since 2013, the central bank has completed the transfer of 642 metric tons of gold in bar form as part of an overall plan to repatriate approximately 50 percent of the gold it maintains in locations outside Germany.
There has been a lot of buzz recently about the price of gold’s rise in 2017, but the price of silver has enjoyed an even steeper climb since Christmas.
But a popular meme since the political rise of President Donald Trump is that “the old rules don't apply anymore,” and that apparently has carried over to precious metals investing, too.
The 2017 American Eagle 1-ounce silver bullion coins have been struck at the West Point, San Francisco, and Philadelphia Mints. In addition, Coin World has learned that the San Francisco and Philadelphia Mints also contributed to the West Point Mint’s production of the 2016 American Eagle silver bullion coins.
First adopted by Great Britain in 1821, governments on the gold standard issued paper money that was backed by and exchangeable for gold. The amount of money circulating in a country depended upon the amount of gold it had.
After a notable year for both silver and gold American Eagle bullion coin sales in 2016, what’s in store for 2017? We have our first indicator, as one month of the United States Mint sales are in the books.