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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. […]
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 […]
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 […]
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 […]
Todd “Bubba” Horwitz explained to Kitco the fundamental reasons for buying gold and silver right now. He agrees fully with Peter Schiff that the Fed won’t raise rates anytime soon:
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 […]
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. According to GFMS Thomson Reuters, the precious metals consultancy, imports of silver into the United States jumped 11% through the […]
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. Weiner was first asked to pinpoint the root of today’s economic mess. He summarized […]
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 […]
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 […]
