Introduction: What are Precious Metals and Why Buy Them Over Mining Stocks? A secure and dependable form of investing is precious metals. For generations, people have kept their wealth in them, and even in difficult economic times, their value can hold steady. The most popular precious metals to invest in are gold and silver bullion,…
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Boom and Bust Economy: Sound Money Solution
Since December 23rd, 1913 – the Federal Reserve has been in charge of monetary policy within the United States, with their main mandates being to keep inflation under 2%, as well as keeping unemployment low. Due to the USD being the world reserve currency, the Fed’s policy changes impact all countries around the world holding…
IMF Release Working Paper on Gold as an International Reserve
On January 27th, 2023, the IMF released a working paper titled, Gold as International Reserves: A Barbarous Relic No More? It was released with the hope of understanding why central bank gold purchases in 2022 rose to a high since 1967. However, before diving into the paper itself, it is vitally important we have a…
Basic Information About Assay/Certificates of Authenticity (COA)
An assay and a Certificate of Authenticity (COA) are important documents that provide proof of the authenticity and purity of precious metal products, such as bullion coins or bars. These documents are used to verify the weight, metal content, and purity of a precious metal product, and are crucial for buyers and collectors who…
What is NYMEX?
NYMEX History The NYMEX was founded in 1872 and has grown to become the largest physical commodity futures exchange in the world. The CME Group purchased the New York Mercantile Exchange (NYMEX), a commodity trading exchange, in 2008. It is recognized as a Designated Contract Market (DCM), providing the CME Group with products in the…