Gold is anticipated to reach $1,460 or potentially more, silver about $20 and platinum at about $1,150 by the end of the year, according to an informal survey conducted of some of the country’s leading precious metals retail dealers, according to the nonprofit Professional Numismatists Guild.
The Royal Canadian Mint has sold more than 200 million ounces of Maple Leaf silver bullion coins since the program was launched in 1988. To mark the coin’s 30th anniversary, the RCM is issuing two special versions of the iconic 1-ounce silver bullion coin, with reverses inspired by its signature Maple Leaf design.
A new 14-page report just released by the World Gold Council outlines gold’s relevance as a strategic asset. Since 2001, according to the WGC, worldwide investment demand for gold has grown annually by an average of 18 percent.
The Silver Institute is projecting that 2018 will be a much better year for silver investors than 2017, as some of the factors that dampened silver demand in 2017 are expected to change.
The Britannia is going platinum. The Royal Mint’s bullion line is expanding in 2018 with its first-ever 1-ounce platinum coin. The move will allow those wishing to invest in Royal Mint bullion even greater choice when diversifying their portfolio, according to the Royal Mint.
Final but unaudited United States Mint sales totals for the American Eagle silver and gold bullion coins and the American Buffalo gold bullion coins in calendar year 2017 are far below sales of the previous year, declining to less than half the numbers sold in 2016.
A 2018 Roaring Lion 1-ounce silver $2 bullion coin issued in the name of Niue carries a design with a biblical connection. The new coin is an exclusive product being distributed only through a bullion firm.
A gold nugget starred in the Swiss auction house Hess Divo’s auction No. 333 on Nov. 30. The 121.8-ounce gold nugget from Western Australia realized 312,000 Swiss francs ($316,876 U.S.), including the 20 percent buyer’s fee. The nugget had an estimate of 200,000 Swiss francs.