One day in early August of 1901, a large (half ton) order of gold was brought to the Selby Smelting Company for refinement. The gold bars proved to be far too many for the factory’s newly constructed vaults, so part of the shipment was placed in an older vault. Those gold bars went through quite a detour on their way to the furnace.
The U.S. Mint shifted some production of 2016 American Eagle silver bullion coins to the San Francisco and Philadelphia Mints so that the West Point Mint could complete the development and production of the Proof 2016-W American Eagle bearing the special 30th anniversary edge inscriptions.
After seven years of development and study, an American palladium bullion coin may finally be struck before the end of calendar year 2017. The coin has been a long time coming. It was authorized under provisions of the American Eagle Palladium Bullion Coin Act of 2010, which calls for production of a 1-ounce palladium coin with a $25 face value.
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 by-product 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.