February 2016 Indian Gold Imports Slump to Lowest Level in Over a Year. Gold Imports Remain Under Pressure From a Nationwide Jeweler Strike, Increased Duties, Taxes and Government Intervention. Last year we released a survey of India and Gold that covered supply and demand in that country and India’s historical affinity for gold. Indians love … Read More →
The U.S., Canadian, Austrian and Perth Mint Silver Collectively Sold 3,752,132 Ounces of Gold in 2015. Gold Sales at the Big Four Sovereign Mint Were Up 60% in 2015 from 2014. The four mints also sold 100,375,927 ounces of silver for a silver to gold sales ratio of 26.75 to 1. The four largest sovereign … Read More →
Shanghai Gold Exchange Withdrawals. Shanghai Gold Exchange April withdrawals were 171.395 tonnes of gold. April 2016 gold withdrawals were 12.3% lower compared to 195.447 tonnes withdrawn in April 2015. Through April 2016, withdrawals were 16.2% lower than 2015 withdrawals through April, but essentially even with 2013 and 2014 withdrawals through April. Hong Kong gold kilobar … Read More →
Gold Sales at the Canadian Mint Were Nearly One Million Ounces In 2015. The Canadian Mint Sold 953,000 ounces of Gold in 2015. The Royal Canadian Mint released its 2015 annual report this week. The report showed that gold sales at the Canadian Mint rose 34.8% in 2015 to 953,000 ounces over sales of 707,000 … Read More →
The People’s Bank of China Adds 11 Tons (353,658 ounces) of Gold to Reserves in April. Total reported People’s Bank of China gold reserves stand at 1,808.343 tonnes. PBOC foreign reserves rose from $3.21 trillion in March to $3.22 trillion in April. For the tenth month in a row, The People’s Bank of China gold … Read More →
Gold Sales at the Perth Mint in April 2016 The Perth Mint sold 47,542 ounces of gold in April 2016 up 79% year over year from 26,545 ounces sold in April 2015. Gold sales at the Perth Mint in April 2016 were essentially flat from March 2016 sales of 47,948 ounces. Perth Mint vs. U.S. … Read More →
U.S. Mint April 2016 Gold Sales Report. The U.S Mint sold 93,000 one ounce American Gold Eagle Coins in April, up 221% from March. Total ounces of gold attributable to all American Gold Eagle Coins including 1/10, 1/4/ 1/2 and one once coins were 105,500. Strong April gold sales bring the April silver to gold … Read More →
Executive Order 6814 Required Turning in of Silver Bullion to the U.S. Government. Silver U.S. and Foreign Coins Were Exempt From the Order. Nearly 123 million ounces of silver were turned into the U.S. Mint from 1934-1938 The U.S. Needed Silver To Mint Coins Become a Patron! How Did The Government Know Who Had Silver … Read More →
Sales of American Gold Buffalo Coins Shoot Higher. Sales of the 24K one ounce gold coin rebound in April. The U.S. Mint sold 19,500 one ounce American Gold Buffalo coins in April, up 95% from 10,000 sold in April 2015. Sales of American Gold Buffalo coins were up 179% from 7,000 sold in March 2016. … Read More →
Silver Mining Production Projected to Decrease in 2016, While Demand Is Projected to Increase. Podcast Notes. Rory and I from the Daily Coin discussed the gold and silver markets yesterday. Below are some charts and commentary that follow the discussion in the order of the podcast. Please have a listen and take a look below. … Read More →
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