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Tag Archives: Investing

US Mint Suspends Silver Eagle Sales Due to High Demand

Investors are gobbling up American Silver Eagle coins. Sales were so brisk last week that the US Mint temporarily suspended orders when its inventory ran out.February sales this year have already doubled 2018 levels. As of Feb. 26. the mint had sold 2,157,500 Silver Eagles this month. That compares with 942,500 coins in February 2018. This represents a whopping 118% year-on-year sales increase.January sales were also brisk.  The mint sold 4,017,400 ounces of American Silver Eagles last...

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Silver Shines! It’s Your Dime Interview With the Silver Institute’s Michael DiRienzo

Silver often gets lost in gold’s shadow, but it’s important in its own right – both as an industrial and a monetary metal. In this episode of It’s Your Dime, Mike Maharrey talks all things silver with Silver Institute Executive Director Michael DiRienzo.Topics DiscussedThe work of the Silver Institute.The evolution of silver as an industrial metal.Future demand trends for silver in industrial applications.Overall silver demand trends.Why investors should consider adding...

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Mixed Messages: SchiffGold Friday Gold Wrap 02.22.19

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.Gold pushed up against a significant resistance level this week and then sold off after the minutes from the Federal Reserve meeting last month came out. Suddenly, after proclaiming the rate tightening cycle over for weeks, the pundits suddenly see a more hawkish Fed and the possibility of a rate...

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Analysts Expect Strong Gold Demand in China to Continue in 2019

Analysts expect continued strong investment demand for gold in China this year.According to Xinhua News, gold as an investment will likely “glitter” in 2019 and gold jewelry sales are expected to get a boost in the Chinese lunar Year of the Pig. It also appears the People’s Bank of China is on a buying spree.China ranks as the world’s top gold consumer.Song Xin, chairman of the China Gold Association, told Xinhua News that there has been an uptrend in gold investment as a safe haven to...

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Borrowing into Oblivion: SchiffGold Friday Gold Wrap 02.15.19

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.America has borrowed itself into oblivion. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the massive levels of debt, how it relates to Fed policy and where this road is leading. He also covers some not so good news on the economy that came out this week and the latest...

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Relative Dollar Strength Has Disguised Quite a Powerful Bull Market for Gold

Gold is on a nice little bull run. The yellow metal is up almost 3% since the first of the year and nearly 13% since touching one-and-a-half year lows last summer. But as a recent article in pointed out, the relative strength of the dollar has disguised an even more substantive bull market for gold.Sharps Pixley CEO Ross Norman told Barron’s that gold has seen a widespread, strong and sustained value appreciation around the globe against 72 currencies. Using the dollar gold price, as most...

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The Green (And Red) New Deal: SchiffGold Friday Gold Wrap 02.08.19

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.Democrats led by Alexandria Ocasio-Cortez rolled out their “Green New Deal” this week. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the political and economic ramifications. He also tells you about how Janet Yellen sounded just a tiny bit like Peter Schiff this week....

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Global Gold Holdings in Gold-Backed ETFs Up for Fourth Straight Month

Total holdings of gold in gold-backed ETFs grew for the fourth straight month in January.Globally, ETFs added 72 tons of the yellow metal to their holdings last month, according to the latest data released by the World Gold Council. This brought the total amount of gold held by funds worldwide to 2,513 tons valued at about $107 billion.Total holdings have not been this high since March 2013. At that time, the price of gold was 22% higher. Global gold-backed ETF holdings have grown 6% over...

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2019 Looks Bullish for Silver

Last year was tough for silver with lower demand muting prices. But the Silver Institute is bullish on the white metal for 2019, projecting a rebound in demand coupled with lower mine output. According to the Silver Market Trends 2019 statement, preliminary estimates point toward a minor 0.3% increase in total supply last year as demand contracted by about 3%.The institute pinpointed several factors that dragged down the demand for silver in 2018, including a slowing Chinese economy,...

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The Powell Put Is On! SchiffGold Friday Gold Wrap 02.01.19

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.The Federal Reserve held its Open Market Committee Meeting this week and it looks like the Powell Put is on in full-force. In this episode of the Friday Gold Wrap, Mike Maharrey talks about the Fed’s uber-dovish tone and what might be coming down the road. He also touches on the...

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