The Social Implications Of Gold Discoveries
No metal, in fact no substance of any kind has been so lusted after, so loved, caused so much happiness and has been responsible for so much death and sorrow as has gold. Gold is one of the first metals known to man and the word comes from an “Olde English” word – geolo which [...]
Platinum Coins
Platinum investments took a new turn in 1983 when the Isle of Man, a British Crown Possession which is entitled to use its own currency, issued one ounce Noble made of platinum. It opened the door to investing in platinum coins –something which wise investors had been waiting for. Legal tender made of bullion, be [...]
Investing In Platinum
The uses of platinum are expanding on a daily basis. Studies estimate that one in five of all goods manufactured either contain platinum or need platinum for their production. One of the biggest users of platinum is the automobile industry where platinum is used in catalytic converters to convert harmful engine emissions into carbon dioxide [...]
American Buffalo 24 Karat Gold Coins – The Return Of The Indian Head
The Indian Head or Buffalo nickel was launched by the US Mint in 1913. It was designed to depict the spirit of the American West. The artistry of these old coins has been brought back to life by the production of the American Buffalo 24 karat gold coins. These were authorized in December 2005 by [...]
Platinum becomes less precious
Over the last few months, Platinum has lost its status as a metal extremely more precious than Gold. After much time at roughly double Gold’s price, Platinum has barely been able to stay above gold at all. As I write this, gold is at $883 per oz, and platinum at $941 – that’s less than [...]
Precious Metals Soar, Gold gains 9%
Gold gained 9%, while silver jumped an astounding 15% in a single day – these are the largest single day gains in literally decades. Gold closed at a solid $862.90, while silver skipped $11 to close at $12.06. That’s up a buck sixty one in one trading day. Take a look at the numbers: Gold: [...]
Platinum Plummets Perilously
Tongue twisters aside, I’ve never been happier to *not* be a platinum owner. The white metal called PT lost an astounding $125 in value today, to close at $1039. It’s getting dangerously close to becoming a three-digit metal. The not so distant days of $2200-$2300 Platinum seem awfully far away indeed. To round things up, [...]
Gold, Silver, Platinum turn upward
Can we mark September 11, 2008 as the bottom for the big downturn in precious metals? It’s too soon to say that, but today all four of the precious metals closed higher today. Gold: $763.50 Silver: $10.83 Platinum: $1190 Palladium: $243 Gold gained $16 for the day – it’s first up day in awhile. Silver [...]
Small drops for metals today
At the closing bell, 3 out of the four metals took another drive, though less pronounced than they have lately. Here’s the final numbers for today: Gold: $744.90 Silver: $10.57 Platinum: $1131 Palladium: $225 Only Palladium managed to come through the day unscathed. Gold did close under $750 for the first time in, well, a [...]
Another day, another dump
The bad news isn’t over yet – possibly far from it. The closing numbers today are absolutely stunning, and not in that "OMG I CAN’T BELIEVE THEY’RE SO HIGH" kind of way. Take a look for yourself: Gold: $751 Silver: $10.65 Platinum: $1161 Palladium: $225 Wow, just wow. Silver is back in the $10′s – [...]
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