Gold For Smoking and Munching Gold Smokes and Edibles Trend higher. Gold served as edible/smokable consumables becomes fashionable. Update: Mcdonald’s Japan promotion: an 18K Chicken McNugget Update: Pizza Hut to give away $100 gold covered 50th anniversary Super Bowl pizza Update: Popcorn drenched in 23K gold – $5 per kernel! Update: Gold for SHAVING? Gold … Read More →
China Warns Foreign Banks: Participate in the Chinese Yuan Based Gold Price Fix… or Else. Foreign banks that traditionally support the London and New York dollar denominated gold price fixes may lose Chinese gold import rights if they do not support the soon to be launched Chinese Yuan gold price fix. Chinese Yuan gold price … Read More →
Silver and Gold Sales at the U.S. Mint in 2015. United States Mint Sets American Silver Eagle Sales Record in 2015. American Silver Eagle sales record of 47,000,000 achieved despite production halt in July and restrictive allocations to Authorized Purchasers in second half of the year. 2015 American Gold Eagle sales were a modest 801,500 … Read More →
Gold Priced in World Currencies in 2015. Gold closed 2015 down three years in a row vs. the U.S. Dollar; but higher against many major currencies two years in a row. Gold hit all time highs against the Brazilian Real and Turkish Lira during 2015. Gold vs. Major World Currencies in 2015. U.S. Dollar strength … Read More →
Zimbabwe Grants Chinese Yuan Official Currency Status. China forgives $40 Million in debt in exchange for official currency status for the Yuan. During the famous Zimbabwe hyperinflation of the mid 2000’s, residents of that nation survived by abandoning their nation’s currency and engaging in barter and using U.S. Dollars and South African Rand. In a … Read More →
Russian Gold Reserves. Russian Central Bank Gold Reserves November 2015. Russia added 700,000 ounces (21.77 tonnes) of gold to its reserves in Novemberr. Increase in Russian Gold Reserves of 186 tonnes in 2015 is a record, surpassing record set in 2010 of 176 tonnes. Russia Boosts Gold Reserves; sells U.S. Treasury Holdings. Year to date … Read More →
The Fed Raises Interest Rates. Quarter Point Rate Hike. Why the Fed Raised Interest Rates. A Rate Hike, Finally As predicted, the Federal Reserve announced a quarter point rate hike today. All year we have said all year, the Federal Reserve would raise rates by the end of the year, to stay ahead of the … Read More →