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– Gold demand globally -7% in Q1, 2018 – Gold Demand Trends (WGC) – Gold ETF demand fell sharply year on year from very high levels but had 5th consecutive quarter of inflows – Investment demand was strong in the US where ETF holdings rose another 32.4 tonnes as “stock market volatility sparked US inflows” – Store of value bullion coin and bar demand fell 15% as reported Chinese, German and American demand fell – Gold demand in Turkey (FT) and Iran surges (BBG) due to Trump concerns, inflation on currency debasement and devaluation – Global jewellery demand was roughly flat at 487.7t [...]

The Numismatic Literary Guild (www.NLGonline.org), a nonprofit organization composed of editors, authors and writers who cover news and feature stories about all forms of money, medals and tokens as collectibles, has substantially revised its annual awards competition categories for 2018 and beyond.   “Working with awards coordinator Scott A. Travers and NLG board members John Albanese, David T. Alexander, Michael R. Fuljenz, Charles Morgan, Maurice Rosen, and other veteran hobby editors and writers, we reorganized the categories and brought the Guild into the 21st century,” said NLG Acting Executive Director Donn Pearlman. “We were overdue in recognizing that important numismatic-related [...]

The silver price rose over 1 percent on Thursday (May 3) after the Federal Open Market Committee (FOMC) eased investors' concerns by announcing that interest rate increases will be gradual. The Fed claims that inflation on a 12-month basis is “expected to run near the committee's symmetric 2 percent objective.” “Yesterday's FOMC meeting didn't spark much fireworks, but it eased concerns over whether the Fed was going to stick to its gradual tightening policy, which I believe they are,” said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. Will Silver Go Up This Year? Find out why in your free report. Get [...]

– Gold demand globally -7% in Q1, 2018 – Gold Demand Trends (WGC) – Gold ETF demand fell sharply year on year from very high levels but had 5th consecutive quarter of inflows – Investment demand was strong in the US where ETF holdings rose another 32.4 tonnes as “stock market volatility sparked US inflows” – Store of value bullion coin and bar demand fell 15% as reported Chinese, German and American demand fell – Gold demand in Turkey (FT) and Iran surges (BBG) due to Trump concerns, inflation on currency debasement and devaluation – Global jewellery demand was roughly flat at 487.7t [...]

Canadian miner StrikePoint Gold (TSXV:SKP,OTCQB: STKXF) will acquire the historic Porter Idaho silver property located in British Columbia from Skeena Resources (TSXV:SKE), the company announced on Wednesday (May 2). According to the company's press release, the Porter Idaho project contains two shear hosted silver-rich vein systems: the Silverado and Prosperity-Porter Idaho. “StrikePoint is very excited to make a high-grade silver acquisition in the prolific Golden Triangle. With our strong technical team, healthy treasury and renowned precious metal shareholders, we look forward to diamond drilling the underexplored area between the two silver rich mineralized systems,” said CEO Shawn Khunkhun. Will Silver [...]

This Billionaire Has Put Half His Net Worth Into Gold by Bloomberg Some big investors see warning signs ahead for markets but are holding their positions. Egyptian billionaire Naguib Sawiris is taking action: He's put half of his $5.7 billion net worth into gold. Source: Sima Diab/Bloomberg He said in an interview Monday that he believes gold prices will rally further, reaching $1,800 per ounce from just above $1,300 now, while “overvalued” stock markets crash. “In the end you have China and they will not stop consuming. And people also tend to go to gold during crises and we are [...]

The Numismatic Literary Guild (www.NLGonline.org), a nonprofit organization composed of editors, authors and writers who cover news and feature stories about all forms of money, medals and tokens as... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

This Billionaire Has Put Half His Net Worth Into Gold by Bloomberg Some big investors see warning signs ahead for markets but are holding their positions. Egyptian billionaire Naguib Sawiris is taking action: He's put half of his $5.7 billion net worth into gold. Source: Sima Diab/Bloomberg He said in an interview Monday that he believes gold prices will rally further, reaching $1,800 per ounce from just above $1,300 now, while “overvalued” stock markets crash. “In the end you have China and they will not stop consuming. And people also tend to go to gold during crises and we are [...]

Zinc One Resources Inc. (TSXV:Z) (OTC Pink:ZZZOF) (FSE:RH33) (“Zinc One” or the “Company”) is pleased to announce that it will conduct a non-brokered private placement of up to 16,666,666 units of the Company (“Units”) at a price of C$0.24 per Unit for gross proceeds of up to C$4,000,000 (the “Private Placement”). Each Unit offered will be comprised of one common share and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one additional common share of the Company at a price of C$0.35 per share for a period of three [...]

U.S. Mint American Eagle gold coin sales collapse to weakest April since 2007 giving contrarian value buyers another buy signal by Renita D. Young of Reuters Sales of U.S. Mint American Eagle gold coins dropped to their weakest April since 2007, while silver coin purchases for the month rose 10 percent higher than last year, U.S. government data showed on Monday. The U.S. Mint sold 4,500 ounces of American Eagle gold coins in April, down 25 percent from the year prior. However, April sales were up 29 percent from March. During April, spot gold prices rallied to a 2-1/2-month high [...]