Wednesday, August 28, 2013

Canadian Mint Bullion Sales Break Record

OTTAWA, ONTARIO – August 27, 2013 – Today, the Royal Canadian Mint reported the achievements of an extraordinary second quarter with an increase in consolidated revenues of 93.8% to $1.05 billion in the 13 weeks ending June 29, 2013.
“This unprecedented result was due to the soaring demand for the Mint’s world-renowned Gold and Silver Maple Leaf bullion coins and sustained popularity of our expertly handcrafted numismatic products,” said Ian E. Bennett, President and CEO of the Royal Canadian Mint. “Our employees continue to surpass customer expectations while the Mint remains at the forefront of new technologies and innovations.”
The volume of Gold Maple Leaf sales increased 144% to 403,000 ounces during the same period in 2012, while sales of Silver Maple Leaf coins increased to 6.4 million ounces from 4.0 million ounces. The Mint’s Numismatics and Collectibles Business Line continued to grow, with revenues increasing 29.6% to $40.7 million. The issuing of 51 collector coins during the quarter resulted in 13 sell-outs, with the most popular coins featuring new technologies and special characteristics such as ultra high relief, niobium and the glow-in-the dark application.   www.mint.ca
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"He who holds the gold, makes the rules."

Paper gold is for speculators, bullion is for serious investors.   BK

Austrian Mint Gold Sales Jump

Muenze Oesterreich AG, the Austrian mint that makes Philharmonic coins, increased sales this year after tumbling gold prices fueled demand.

Sales of gold coins from January to July rose 79 percent from a year earlier to 383,500 ounces, according to data e-mailed by the Vienna-based mint, almost matching those for the whole of last year of 400,000 ounces.

Mints saw sales jump after the price of gold, 15 percent lower this year, plunged into a bear market in April. Surging demand for jewelry, coins and bars in Asia helped prices rally as much as 21 percent since the end of June.   
LINK...

Sunday, August 25, 2013

Gold Demand Surges in Indonesia

[JAKARTA] Gold jewellery demand in Indonesia is set to expand to a four-year high as consumers in Southeast Asia's biggest buyer join India to China in increasing purchases as prices slump and the middle class expands.  LINK...
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Asia is gold's future trading hub. Gold is in the process of leaving the West behind and moving East, follow gold to prosperity as economic history dictates over the centuries.  BK

Thursday, August 22, 2013

Platinum Bars and Coins

Currently in stock:


Heraeus Market Report


Good Morning,

A whole lot of nothing…That’s what the general consensus seems to be regarding yesterday’s release of FOMC minutes from the most recent meeting of the Fed minds. There’s no question that tapering will eventually happen but the “sooner or later” part of the equation has yet to be solved. All calculus, trigonometry and algebra aside, the simple sum of whether the job market is healthy and inflation reaches an optimum level will continue to be the proverbial trip wire for the beginning of the end of Quantitative Easing. After the dust settled, 10-year bond yields had surged to 2.9% and the DJIA had lost over 100 points by the end of the session. Gold closed the day at $1370.6 and now trades at the day’s high of $1374.8. The rest of the complex is in the green to start the day as will with silver up nearly 1% while platinum trades at $1523, having reached as high as $1529, and palladium hovering just below $750 an ounce. In domestic economic happenings, the weekly U.S. jobless claims increased 13,000 to 336,000 and while that is not necessarily a good sign, some critics would argue that because the more accurate four-week average stands at 330,500 and overall jobless claims remain near the lowest levels seen in more than 5 years, that employment may be poised for a comeback. We’ll see about that on September 6th. U.S. manufacturing pushed further into expansion territory this month as data from Markit showed the index moved to 53.9 from 53.7 last month. Jackson Hole gets underway today and central bankers from around the globe will converge on the site to hear what Janet Yellen, the likely successor to Chairman Bernanke, has to say about the current state of affairs. Have a great day!

Tom Hungerford

Heraeus Metals New York LLC

Wednesday, August 21, 2013

Gold Flows From Britain to Switzerland

Aug 19 (Reuters) - Britain's gold exports to Switzerland surged in the first half of this year, Australian bank Macquarie said on Monday, suggesting bullion being sold out of exchange-traded funds may be heading for Swiss refineries before being sold on in Asia.  LINK...

Wednesday, August 14, 2013

Hedge Funds Increase Gold Position by 74%


One of the big stories in markets in 2013 so far has been the epic crash in the gold market.
Gold reached its highest price of the year on January 17 – at $1686 an ounce – before falling 28.8% to a low of $1200 an ounce on June 27 (since then, it's bounced back a bit, and is now trading around $1320).
Read more: http://www.businessinsider.com/hedge-funds-plowed-into-gold-last-week-2013-8#ixzz2bwPzYsOR

Friday, August 9, 2013

Friday, August 2, 2013

Singapore Freeport

Visit our NEW Singapore location and have your precious metals stored in the world's most technologically advanced vault, fully insured and 100% allocated in your name.
The one-of-a-kind and exclusive U-VAULT ACCOUNT

Gold and Silver Financial Review 08/02 by Gold Radio Cafe | Finance Podcasts

Recorded LIVE Today at 12:00pm EST
With co-host Jeff Dunphy
Listen to internet radio with Gold Radio Cafe on BlogTalkRadio

Thursday, August 1, 2013

Farmer's Missing Keys Unearths Treasure

When farmer Ifor Edwards dropped his keys in a field he had no idea the search to find them would result in the discovery of buried treasure.   LINK...
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You think FIAT FED paper money would have lasted this long, or been worth anything?  BK