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Key Gold Headlines

POSTED ON September 29, 2015  - POSTED IN Key Gold Headlines

India will soon have its own national gold coins.

Metals and Minerals Trading Corporation (MMTC) will manufacture and market the gold coins, set for release in October.

According to the Times of India, MMTC managing director Ved Prakash said the company plans to produce two gold coins, one weighing 5 grams and the other 10. The coins will feature engravings of Ashok Chakra and the face of Mahatma Gandhi.

india gold counter

While many countries have their national coins, India did not have one. These gold coins will be regarded as the national coin of India.”

POSTED ON September 28, 2015  - POSTED IN Key Gold Headlines

Of course, gold’s value lies in its scarcity.

But just how scarce is it, really? We all have a vague idea, but you will probably still find the reality quite shocking.

A series of 12 stunning visualizations of gold published by Visual Capitalists puts the rarity of gold into vivid perspective.

Demonocracy.info put together this series of 3D visualizations showcasing all of the world’s gold mined thus far using gold bullion bars. (Note: these visualizations are a couple of years old and optimistically have the value of gold pegged at $2,000 per ounce, presumably for the ease of calculations.)

gold-in-world-cube

POSTED ON September 25, 2015  - POSTED IN Key Gold Headlines

For months, Peter Schiff has argued that the Federal Reserve cannot and will not raise the interest rate.

Most recently, Peter told CNBC Asia the Fed is pulling a “long con” on the global markets when it comes to its monetary policy. The Fed wants people to believe that a rate hike is coming, but Peter argues that we will actually see a fourth round of quantitative easing.

Now we’re beginning to hear echoes of Peter’s position on interest rate hikes from other global analysts.

gold gloves

POSTED ON September 24, 2015  - POSTED IN Key Gold Headlines

Gold represents stability.

Buying gold makes a lot of sense as historically, gold holds its value. It also maintains a relatively constant level of purchasing power, especially when compared to the US dollar.

In 1976, University of California Professor Roy Jastram completed a long-term analysis of gold’s purchasing power stretching all the way back to 1560 and published his finding in The Golden Constant: The English and American Experience, 1560-1976. He found gold’s purchasing power remained remarkably stable over that period, as reported by the London Telegraph.

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POSTED ON September 23, 2015  - POSTED IN Key Gold Headlines

The the Bank of Russia bought 1 million ounces of gold in August alone. That boosted the country’s gold reserves to 42.4 million ounces as of Sept. 1, according to an announcement by the bank last Friday. The value of the central bank’s holdings rose to $47.68 billion from $44.96 billion a month earlier.

The Russian central bank’s gold purchases in August topped the 30.5 tons it purchased in March, and was the highest amount in six months.

15 09 23 russian gold holdings

POSTED ON September 22, 2015  - POSTED IN Key Gold Headlines

The demand for physical silver rose through the first half of 2015.

The need for silver in manufacturing, its expanding use in health applications, and increased demand for silver jewelry all helped drive the surge.

15 09 22 gorilla glass

According to GFMS Thomson Reuters, the precious metals consultancy, imports of silver into the United States jumped 11% through the end of May, as reported by the Silver Institute.

POSTED ON September 22, 2015  - POSTED IN Guest Commentaries, Key Gold Headlines

Our readers often ask tough questions about the economy, monetary policy and precious metal markets. During a recent interview, Gold Standard Institute USA president Keith Weiner provided some insightful and clear-cut answers to some of the complex issues facing us today.

Gold_Bars

Weiner was first asked to pinpoint the root of today’s economic mess. He summarized it in one sentence.

The short answer is: rising debt. It’s not only rising, but rising exponentially—the debt doubles about every eight years.”

POSTED ON September 21, 2015  - POSTED IN Data Dependent Series, Key Gold Headlines

Thus far, the so-called economic recovery has done little to improve the lives of everyday Americans.

In yet another sign that the recovery is an illusion, figures released last week and reported by Reuters show American’s household income lost ground last year.

The data released by the U.S. Census Bureau on Wednesday, which showed the inflation-adjusted median income slipping to $53,657 last year from $54,462 in 2013, offered a reminder of the tepid nature of the economy’s recovery.”

15 09 21 median household income

POSTED ON September 14, 2015  - POSTED IN Data Dependent Series, Key Gold Headlines

At the end of 2014, the New York Fed reported a surprisingly high delinquency rate for student loans – 11.3%. Now the latest data released by the White House reveals that number may in fact be dramatically higher. As the Wall Street Journal reports:

New figures covering more than 3,700 schools were released as part of the White House’s College Scorecard, which allows consumers to explore data about debt and degrees. The average repayment rate among almost 1,200 for-profit schools—meaning these students were actively paying off loans—was 61%, the lowest of any sector. The average repayment rate among all colleges was 73%.”

15 09 14 student loan defaults

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