Author Archives: Peter Kevorkian
Pittman Act: Morgan Silver Dollars Melted
The Pittman Act of 1918 resulted in the melting of more than 270 million Morgan silver dollars. This bullion was then sold overseas. The US Mint had to buy bullion from US mining companies for more than the market price. … Continue reading
Silver Demand Fading As Metals Consolidate At Lull Of Trading Range
Trading action since Friday has resulted in depressed metals prices as the $15 gold increased on Friday was wiped out and then some by Monday. Investors for much of the week focused on riskier bets.
Will China Stop Buying USD Now?
While western nations like the US have been criticized for resorting to printing incessantly their own national currencies, China has not been immune, as many complain that it manipulates its currency, the renminbi (RMB).
Gold Manipulation Investigation In London
The gold price had a poor day today as regulators announced in Britain they would be launching a wide-scale investigation into the gold market as part of their overall Libor investigations. The investigations into the Libor currency market exploded into … Continue reading
With Stocks At Record High, Gold Shorts Nearly Double
That gold does not catch a break, even on a weak day for the dollar, is befitting of the conditions we find ourselves, in which markets are totally counter-intuitive.
Need Cash? Make Sure You Get Paid RIGHT For Your Gold Jewelry
There is a lot of demand for honest gold buyers throughout San Diego County. But, nothing makes a gold buyer more honest than a gold seller who knows what kind of gold they have.
All Demand On India’s Biggest Metal Buying Day For Silver
Silverbugs are nervous as it seems the lull in the price for precious metals have shaken all the buyers out of the tree. But this isn’t true everywhere. Silver sales have almost doubled over last year for India’s Dhanteras. India … Continue reading
Fitch Downgrades Chicago, Worse Than Detroit?
Is Chicago worse than Detroit? That might be hard for many to believe, but while Detroit may be well known for its fiscal problems, it might be better off than many of its fellow US cities, like Chicago, according to … Continue reading
Surprise ECB Move Overshadows Poor Jobs Report
In the shadows of the Twitter IPO, the European Central Bank cut its benchmark interest rate to a record low Thursday in an attempt to improve the euro zone economy amid falling inflation. Many precious metals bugs foresaw that a … Continue reading
World Spot Prices
