Russian Gold Mining Production vs. Gold Reserves. Russia added 208 tonnes of gold to its reserves in 2015. Where is all that gold coming from? Russia’s Gold Mining Output Russia was the third largest producer of gold in the world in 2014. During the past few years, Russia has been adding an increasing percentage of … Read More →
In Case You Missed It – Week Ended January 23, 2016. Stories from the week ended January 23, 2016. The main stories focused on terrorist attacks and the Republican and Democratic presidential primaries. The National Review enlisted conservatives to dump Donald Trump and left wingers started a “stop hate” campaign to stop Trump. On the … Read More →
Smaulgld On Wall Street For Main Street. Wall Street Banks and U.S. Shale Oil. Silver Miners Increasing Production Until Bankruptcy? Smaulgld was interviewed on the popular Wall Street For Main Street show yesterday. Host Jason Burak and I talked about how the Wall Street Banks may soon control the U.S. oil industry. We also discussed … Read More →
What Does The Fed Rate Hike Mean For Real Estate? The rate hike itself will have neglible impact on the real estate market. Existing and other factors influenced by the rate hike will slow the housing market. The Fed Raises Interest Rates Last December, the Federal Reserve raised interest rates for the first time in … Read More →
Russian Gold Reserves. Russian Central Bank Gold Reserves rise 6,700,000 ounces (208 tonnes) in 2015. Russia added 700,000 ounces (21.77 tonnes) of gold to its reserves in December. Increase in Russian Gold Reserves of 208 tonnes in 2015 is a record, surpassing record set in 2010 of 176 tonnes. Russia has added more gold to … Read More →
In Case You Missed It – Week Ended January 16, 2016. Stories from the week ended January 16, 2016. Terror attacks struck Turkey, Indonesia and Burkina Faso and the global markets werer in turmoil. The crashing global stock markets led to many wall street observers to change their stance on future rate hikes. Instead of … Read More →
The Last Silver Empire? Like the Roman Empire, The United States has paid for its welfare/warfare state by debasing its currency. The decline and fall of the Roman Empire occurred over centuries, how long will U.S. Empire last? In the “Decline and Fall of the World’s First Silver Empire” we noted that the Roman Empire’s … Read More →
U.S. Mint Opens January With Strong Gold Sales. Sales of one ounce American Gold Eagle coins are at 47,500 after first two days of sale. Sales of 24k American Gold Buffalo coins are at 23,000 after two days. On Monday, after the U.S. Mint published first day sales figures, we reported the massive American Silver … Read More →
Primary Silver Miners Report Increased Production in 2015. No Peak Silver in Mexico. Mexican Silver Miners Ramp up Production. In “Peak Silver Has Not Arrived in the United States“, we noted that while U.S. mining production was down from 2014, it was roughly equal to 2012 and 2013 levels and did not reflect any trend … Read More →
U.S. Mint Opens January With Strong Sales of Silver Sales of 2,756,500 American Silver Eagles in one day are higher than entire January sales in each of 1987-2009 Sales of American Silver Eagle coins on the first day of 2016, nearly 80% of total 1996 sales. After setting a third annual sales record in 2015, … Read More →
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