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Buy Silver – May Replace Gold as Preferred Money of India Silver replacing gold as India's preferred investment option again after 100 years? by Fergal O'Connor, Senior Lecturer in Finance, University of York The Indian government has been trying to reduce its citizens' demand for imported gold through a number of means over the last few years. This is part of a wider crackdown on currency used in the black market, that included the withdrawal and replacement of its two largest-denomination bank notes in early November. The strategy will likely have some unintended consequences if we take our cues from [...]

Insured for $8 million, the recently-sold 1861 Paquet Reverse Double Eagle, NGC MS67, will be displayed by Monaco Rare Coins at the 2017 FUN convention. Photo credit: Numismatic Guaranty Corporation. The finest known of only two 1861 Philadelphia Mint Paquet Reverse Double Eagles, graded NGC MS67, has been sold and will be publicly displayed for the first time in a decade during the January 2017 Florida United Numismatists Convention in Fort Lauderdale. It once was part of the fabled Palace Collection of King Farouk of Egypt. Insured for $8 million, the historic gold coin will be displayed along with the [...]

Precious metals fell in tandem Tuesday. Gold futures ended lower for the the fifth time in six sessions, and neared a 10-month settlement low. Gold for February delivery dropped $6.40, or 0.5%, to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

After three years of decline, silver prices have been surging in 2016 due to political developments worldwide. A weak US dollar, Brexit results and uncertainty over the incoming US president's agenda have all impacted the precious metal prices this year. In the list below you can find the best silver stocks of 2016 on the TSXV. The list was generated using The Globe and Mail's market data filter, and does not include companies with a market cap of less than $10 million. Silver Demand Forecast And Silver Stocks To Buy Click here to discover what the experts see coming in [...]

Shariah Gold Standard Approved for $2 Trillion Islamic Finance Market by Jan Skoyles, Editor Mark O'Byrne The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and the World Gold Council have made an important decision which was announced yesterday at the World Islamic Banking Conference in Bahrain. This decision is about one of the most important markets in the world: the gold market, an invest-able market worth an estimated $2.4 trillion and is also of significance for the world of Islamic finance. The AAOIFI, in collaboration with the World Gold Council (WGC) and Amanie Advisors, has approved what will become [...]

GOLD COMMEMS ARE A BRIGHT SPOT This week's Bluesheet sees updates across most series reflective of sight-unseen exchange bidding from CCE and CDN Exchange. Gold commems are in demand from MS61-64 which comes as no surprise because prices for this series seemingly couldn't go any lower. There are great values in this series and it's nice to see active bidding to represent this fact. Of course, we feel that many series are too low at the sight-unseen level. Whether you are talking about early Walkers, Classic Commemoratives, or proof type coins, the prices on these Bluesheet pages read like a [...]

This week, gold prices were on the downward trend again. As November came to a close mid-week, the yellow metal officially recorded its worst monthly loss since June 2013, MarketWatch reported. By Friday, the gold price appeared to be making a slight recovery supported by a correction in the US dollar, which had reached a 13-year high the week before. Although the yellow metal was making gains early Friday, it still netted a 1.21 percent loss over the five-day period. As of 1:03 p.m. EST on Friday, the gold price was $1,175.29 per ounce. Looking over to its sister metal, the silver price had a [...]

Gold and silver coins will protect from the coming financial crash – James Rickards, author of The Road to Ruin told Sean O'Rourke in a must listen to RTE Radio interview this week. Rickards is the best selling author on finance and money and advises the US intelligence community on international economics and financial threats. His advice to people with savings or investments to protect from the coming crash? Buy gold and silver coins. “For savers and investors at any level, modest or wealthier – put 10% of your invest-able assets in physical gold or silver, for smaller amounts, silver might do very [...]

In conjunction with a material inflection point for the US dollar, precious metals appear at the demarcation of a significant delineation as well. As is typical, there exists an inverse correlation between a strong US dollar and weak commodities prices. Occasionally, precious metals can decouple from that dynamic and can exhibit a sustained positive correlation, but for the time being, that is not yet the case. There are signs percolating through various asset classes that inflation may be on the verge of asserting itself which is a precondition for gold, silver and the dollar to all move in the same [...]

As we went about reviewing the activity in the series covered in this Quarterly issue, one trend became quite apparent: the volume of $10 Liberty coins, especially the low mintage dates, that have been sold over the past three months, and the corresponding prices paid. While a handful of intrepid collectors have completed sets of this type, this series has historically been the “third wheel” after Liberty half eagles and double eagles. The half eagle's smaller size is appealing because they have an overall lower cost (there are exceptions of course), and the double eagle has the historic appeal of [...]