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The “Ship of Gold” is sailing quickly. A total of 2,935 U.S. Mint gold coins retrieved from the last recovery of sunken treasure from the fabled SS Central America and made available in the market already have been sold out by the California Gold Marketing Group (CGMG). “In an incredibly short period of time, the federal issue coins from America's greatest sunken treasure have been sold to our authorized dealers who are reporting strong sales to the public. With only a few very special exceptions, once the dealers sell their available inventory no other U.S. Mint gold coins will be [...]

Precious metals futures advanced together for the first time in three days on Friday, with gold and silver snapping a longer string of four daily declines. Still, most metals stumbled sharply for the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Buy Gold Or Bitcoin? This “Liquidity Party Is Ending” Goldnomics Podcast (Ep. 5) Key Quotes and Transcript – “This liquidity party is ending. They're implementing quantitative tightening” – “If quantitative easing had positive effects, why shouldn't quantitative tightening have negative effects for the valuation of those asset classes?” – “When the tide goes out, as Warren Buffett says, you find out who's been swimming naked. I think a lot of people will be standing naked in the coming months” – “Most of the emerging market countries are constantly buying gold; it's not only Russia or China of course, it's also [...]

A new preliminary economic assessment (PEA) for Sierra Metals' (TSX:SMT,NYSEAMERICAN:SMTS) Yauricocha silver-lead–zinc–copper–gold mine in Peru shows the company will be able to expand output by 66 percent to 5,500 tonnes per day.  According to a Thursday (June 28) release, Sierra will increase the mine's production from the current 3,000 tonnes per day to 3,600 tonnes per day in Q1 2019, and then to 5,500 tonnes per day in 2021. The 66-percent expansion will bring Yauricocha's return on investment to 486 percent. The PEA places its after-tax NPV at US$393 million at an 8-percent discount, and sets the mine's life at 10 years. [...]

Our readers have spoken, and we have listened. Readers love the huge amount of new content in the Monthly Greysheet, but they don't love the oversized pages and newsprint that comes off on their hands. Starting with the August 2018 issue, Monthly Greysheet will be printed in magazine-quality format with full color throughout. Our first three issues (May-June-July) of the consolidated Greysheet, Bluesheet, and Goldsheet newsletters were published on newsprint tabloid, a temporary format that we used until we could identify a print house for our “dream” publication. “Subscribers are going to love the new Monthly Greysheet,” says CDN Publisher John Feigenbaum. “This magazine is the culmination of [...]

The United States Mint published today its product page for the upcoming 2018-S Silver Reverse Proof Set. It offers no new information in the sense that the agency already announced details such as... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

By Joshua McMorrow-Hernandez, Editor   Roosevelt dimes have been in production since 1946, and this long-running series is generally affordable – most dates are easily obtainable in circulated and typical uncirculated grades. However, there are several Roosevelt dimes that are relatively scarce and are worth a pretty penny. Even better? With enough looking, these valuable Roosevelt dimes can be found in circulation.   Here's a rundown of the 4 valuable Roosevelt dimes you should keep your eyes out for in pocket change and rolls:   #1 - 1964 Copper-Nickel Clad Roosevelt Dime This transitional error coin was struck when the [...]

A new preliminary economic assessment (PEA) for Sierra Metals' (TSX:SMT,NYSEAMERICAN:SMTS) Yauricocha silver-lead–zinc–copper–gold mine in Peru shows the company will be able to expand output by 66 percent to 5,500 tonnes per day.  According to a Thursday (June 28) release, Sierra will increase the mine's production from the current 3,000 tonnes per day to 3,600 tonnes per day in Q1 2019, and then to 5,500 tonnes per day in 2021. The 66-percent expansion will bring Yauricocha's return on investment to 486 percent. The PEA places its after-tax NPV at US$393 million at an 8-percent discount, and sets the mine's life at 10 years. [...]

Americas Silver Corporation (TSX:USA) (NYSE “American”: USAS) (“Americas Silver” or the “Company”) is providing an update of the recent hoist-related issue at its 100%-owned Galena Complex in Wallace, Idaho. Following the press release dated June 14, 2018, the Company is pleased to announce it has completed the necessary repairs on the No. 3 hoist brake mechanism and has restarted the No. 3 shaft. These repairs were associated with the mechanical failure on the brake mechanism which occurred during the evening of June 11, 2018. Shaft crews have completed the inspection of the shaft and no issues were identified. Mining crews [...]

Russia and Turkey's moves out of U.S. debt and into the precious metal could be precursors of a bigger global shift. by Leonid Bershidsky of Bloomberg U.S. government debt and the world's foreign exchange and gold reserves. Source: Bloomberg Since December 2017, Russia has cut its holdings of U.S. foreign debt by more than half. Instead, it's been increasing the share of gold in its international reserves. That's understandable behavior for a country that has to deal with an unpredictable U.S. sanctions policy, but it's also part of a trend. Foreign governments and international organizations account for a decreasing share [...]