Silver Sales at the Major Mints Topped 100 million Ounces in 2015.
Podcast Review of the Austrian, Canadian, Perth and United States Mints in 2015.
Rory of the Daily Coin and I discussed the gold and silver markets. We started with the People’s Bank of China’s (PBOC) most recent gold addition to her reserves. We discussed the difference between “Chinese” gold reserves and the gold reserves of the People’s Bank of China.
The People’s Bank of China added 11 tonnes of gold to reserves in April 2016.
For clues where “Chinese” gold outside of the PBOC gold may be, see “The Case of China’s Missing Gold“.
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Silver and Gold Confiscation in the United States
We also discussed gold AND silver confiscation in the United States in 1933 and 1934.
Click here for information on the little known silver confication of 1934 by Franklin Delano Roosevelt.
2016 Gold Reserves By Country
The Top Ten Gold Holding Nationbs
According to the World Gold Council, Russia holds the sixth most gold of any nation.
Gold and Silver Mintages in 2015 at the Major Mints
We also covered the just released 2015 Canadian silver and gold mintages and compared them to the Perth, United States, Austrian, Mexican and Chinese Mints silver output.
Each of the four major sovereign mint experienced sales growth in their silver products. The Canadian, Perth and United States set silver sales records in 2015.
We discussed the percentages that the silver coins minted by the major sovereign mints are in relation to global silver mining production.
Silver, the Preferred Investment
The Canadian Mint’s annual reported noted “Although activity in the silver and gold bullion markets have historically correlated, many investors have shifted to silver as the preferred investment over gold due to its affordability and the safety net provided by industrial demand“.
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