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According to a new report released by the Silver Institute, the demand for silver is expected to exceed projected global GDP growth. Silver demand should grow by 5% per year from 2014 to 2016. Demand for industrial silver, which accounts for over 50% of global demand, will rise due to its use in three key […]
The June edition of the Silver Institute’s Silver News is now available. This issue is full of news from the silver industry, highlighting some of the most interesting inventions and applications using silver today. Silver’s natural anti-microbial properties are being explored by industries around the world, ensuring demand for the white metal for many years […]
In case you missed the news, SchiffGold is now the world’s first major gold dealer to accept bitcoin, the digital currency that has been called the biggest innovation since the internet. We’ve partnered with industry leader BitPay to securely process your bitcoin payments when buying gold and silver. Whether you choose to pay in dollars […]
Huge Gold Refinery Under Construction in Dubai Reuters – One of the world’s largest gold refineries is being built by Kaloti Precious Metals in Dubai and is scheduled to be completed next year. The refinery will be three times the size of any other refinery in the United Arab Emirates, with a production capacity of […]
We are excited to announce that through a new partnership with BitPay, we now accept bitcoin payments! We are the largest precious metals dealer in the world to do so. Speak with one of our Precious Metals Specialists today for more information. Read the full press release below. NEW YORK – BitPay, world leader in […]
Deutsche Bank Resigns London Fix Seat Reuters – Deutsche Bank has resigned its seat on the London gold and silver fixes as part of a larger decision to end the majority of its commodities-related business. Deutsche Bank could find no buyer for its seat, perhaps due in part to a US lawsuit that accuses the […]
Korea Begins Spot Gold Trade Wall Street Journal – The South Korean stock exchange has started trading physical spot gold for the first time, hoping to increase tax revenue from the yellow metal. South Koreans trade about 110 tons of gold every year, of which about 70 tons, worth $3 billion, are traded on the […]
Gold Hits 16-Week HighBloomberg – In the last week of February, gold and silver hit a 16-week high, driven by concerns of weak US economic growth and Ukrainian political turmoil. The Chicago Federal Reserve’s measurement of US economic activity in January was nearly twice as bad as predicted, indicating below-trend growth. Meanwhile, the interim government of […]
The Silver Institute has released its February Silver News, jam-packed with stories on the latest developments in silver technology. This issue includes an interview with an industry insider about the recent American Eagle coin shortage, as well as articles about silver in hard drives, spark plugs, and the Gorilla Glass used on smartphones.
This week, the World Gold Council released its Gold Demand Trends report for the full year of 2013. Marcus Grubb, the Managing Director of Investment Strategy for the WGC, summarizes the report and reminds us that gold’s strong fundamentals will continue to drive long-term demand for the metal. Global investment in bars and coins in […]
