Media reports suggests that India has agreed to pay the price of crude oil it imports from Iran in gold, which makes it the first country to drop the US dollar for purchasing the Iranian oil. Citing an Israeli intelligence website, The Times of India has reported that India is opting for gold to repay [...]
A lot of headlines are underscoring the strong year-to-date performance of precious metals. Gold is set to have the best January since 2008, while silver is poised for a record January compared to the last thirty years. Even platinum and palladium are up 15.8 percent and 5.7 percent year to date, respectively. Yet in large [...]
Even though Eastman Kodak has declared bankruptcy, there is just enough industrial demand being mustered in the solar panel, battery and conductor sectors, not to mention investment in ETFs and physical metal, to give the silver price its best start in a new year since 1983. According to a recent article in Bloomberg BusinessWeek, silver [...]
I love when people forward me fun metals stories like this one, noting fashion designer Jean Paul Gaultier announced his product debut in the metals industry with a designer-embossed, one-ounce gold bar. According to a couple of press accounts, Gaultier, through his distributor, Dillon Gage Metals, appears to have commanded a 10 percent premium along [...]
The current silver market illustrates the value of spread betting as an indication of future price trends. Of course, this depends on the herd mentality holding sway — that a growing number of long bets means the price will rise and a growing number of short bets means it will fall. But by the very [...]
Before my flight back to Chicago this past Monday, my mom handed me a newspaper. You have to read the “Titanic†article, Brianna. It will be worth your time. As perhaps the largest piece of historical metal to be discussed in the news this week, I couldn’t have agreed with her more. Thanks, Mom. Guernsey’s [...]
Source: blog.pennlive.com Not sure if Gollum has a portfolio for his precious (metals, that is), but if he did, he’d be reading MetalMiner. More to the point, if he institutionally invested in funds physically backed with gold, silver, platinum and palladium, or if his company had a significant silver or PGM buy, Gollum would definitely [...]
Source: blog.laptopmag.com If you’re still picking up electronic gifts this week — whether it’s a Samsung laptop or a Nintendo Wii — take a moment to consider their contents: “conflict” minerals. Covered by the mainstream this week on NPR.org, the conflict minerals story as it relates to the Dodd-Frank law and traceability has been a [...]