Hi,
It was announced late Sunday, May 28th, 2023 that President Biden and Republican Speaker of the House, Kevin McCarthy had reached a tentative debt ceiling agreement. That said, nothing will become official until it can be sold to congress and voted into law. This is adding to the U.S. Treasury Secretary, Janet Yellen’s anxiety because…
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Category: Gold Spot Price
Investing in Perth Mint Bullion Products
The Perth Mint, a government-owned mint in Western Australia that has been producing bullion goods for more than a century, manufactures and distributes precious metal products under the brand name Perth Mint Bullion Goods. The operation in Perth has been running the longest. There are gold, silver, and platinum bars, coins, and medallions among the…
Evaluating Rand Refinery Bullion as an Investment Option
An Overview of Rand Refinery and Their Bullion Products Founded in South Africa in 1920, Rand Refinery is a South African precious metals refinery that has been in business for more than 100 years. Since it opened, that has processed about 50,000 tonnes of gold. A variety of bullion items, including gold and silver bars,…
The Rise of Central Banks Buying Gold at Record Pace in 2023
Since 2023, central banks around the globe have been progressively building up their gold holdings at a record rate. The shaky state of the world economy and soaring gold prices are to blame for this. The current gold bull market has been significantly fuelled by central bank gold purchases, which reached record levels in 2020…
The Gold Standard Restoration Act
In a previous newsletter we covered the difference between a gold and/or silver backed currency that is redeemable in those metals and one that is non-redeemable. We clearly highlighted the dangers of backing a paper or digital currency with precious metals or a variety of commodities and then subsequently NOT allowing the paper/digital currency to…