Category: Gold market
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US Mints and Mintmarks.
The Philadelphia Mint. Philadelphia Mint (1792 to date): In 1792 the government acquired a plot of land and several buildings in Philadelphia and set up the first federal facility for the production of coins. The Philadelphia Mint has been in operation continuously since then, although in different buildings, with moves to new and larger premises…
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Buying of gold continues in China and India, but drop in western investors.
In its annual commodities forecast, Citi Research posits that while this physical buying (much of it from Asia) is likely to limit the downside for gold prices over the year, the reasons western buyers (particularly institutional buyers) are getting out of the market are unlikely to change in the near term. The first of these,…
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Who controls the price of gold? Gold market price manipulation in 2022.
There are a number of major anomalies out there in the market. While the fall in gold price for example has encouraged heavy sales from the gold ETFs – or should that be vice versa – for silver, the fall in price seems to have had the opposite effect with ETF holdings booming. Platinum too…
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The Gold Standard.
Not only have many people began buying quantities of gold but some of the talking heads on TV and the Internet have begun calling for a return to the gold standard that the United States abandoned in 1971. This is the kind of talk that people of the last two generations, at least, have not heard in…