NewGold Issuer Ltd. has delisted 500,000 NewGold platinum debentures following the redemption of 4,907.528 fine troy ounce of platinum bullion. The delisting leaves 79.4 million NewGold platinum debentures in issue, comprising approximately 779,315.495 fine troy ounces of platinum.
Demand for palladium, primarily for use in autocatalyst applications, pushed the spot price of the precious metal to a 17-year high Dec. 22. The closing spot price of the metal hit $1,042.50 per troy ounce, its highest since Jan. 26, 2001, when the metal closed at $1,090 on the London metals market.
The 13th annual International Gold and Silver Symposium will bring precious metals mining experts and their latest initiatives to Lima, Peru, May 29 to 31, 2018. The biennial event is organized by the National Society of Mining, Oil and Energy of Peru.
PAMP offers technology in the form of an app that enables users to check the authenticity of a broad range of bullion products and could, according to the company, be adopted by the U.S. Mint.
Sales by the U.S. Mint in 2017 of American Eagle silver bullion coins are nearly 54 percent below 2016 totals. Sales of American Eagle and American Buffalo gold bullion coins are also sharply lower.
Starting with as little as £20, precious metals investors can now add platinum and silver to their portfolio via the Royal Mint's trading platform.
Two precious metals trade organizations are asking that Congress continue to permit “like-kind exchanges” of precious metals in order to avoid penalizing investors and dealers in metals like gold and silver. Congress is considering eliminating such exchanges.
By the end of 2017, the U.S. could witness silver coin and bar demand falling by approximately 33 percent, to 60 million ounces, compared with an annual average from 2010 to 2016 of 108 million ounces.
Osborne Mint in partnership with Anonymous Mint is releasing a collection of .999 fine silver rounds focusing on the military, with a portion of the proceeds being donated to the Wounded Warrior Project. The collection is called the Armed Forces Convex Rounds and is available exclusively through JM Bullion. Osborne assures that only 1,000 of each design will be minted,...
The rounds measure 39 millimeters in diameter. They were custom made by the Highland Mint of Melbourne, Florida, with an HM Mint mark.