By Matthew Cortez, Last month was the 89th anniversary of oneof America’s biggest blunders on her descent from honest, sound money intoweaponized political money: ExecutiveOrder 6102.Signed on April 5, 1933, U.S. PresidentFranklin Delano Roosevelt required all persons holding more than five ounces ofgold to deliver their “gold coin, gold bullion, and gold certificates, nowowned by...Read More
More than just a few people are buying silver because “it protects them from inflation” – or something to that effect. Ever wonder if that argument holds up? The chart (source) below indicates otherwise… Silver Prices (inflation-adjusted) – 50 Year Historical Chart (1)According to the chart, it appears that silver cont...Read More
RAPAPORT... Indian jewelry manufacturer Goldiam International saw strong sales growth in the past fiscal year amid resurgent consumer demand and the expansion of the company's lab-grown business.Revenue jumped 72% to INR 7.12 billion ($915.1 million) for the 12 months ending March 31, management reported Friday. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 81%...Read More
RAPAPORT... India's polished-diamond exports slipped 3% year on year in April, while rough imports fell 23%, reflecting a global slowdown amid the Russia-Ukraine war. Polished exports fell by volume, while the average price increased, according to recent data from the Gem & Jewellery Export Promotion Council (GJEPC). India Trade Data for April 2022 Read More
RAPAPORT... Watches of Switzerland reported strong sales growth in its fiscal fourth quarter, reflecting increased demand for luxury jewelry and timepieces, as well as a boost from newly opened and acquired stores.Group revenue jumped 39% year on year to GBP 304 million ($379.8 million) over the 13 weeks ending May 1, the UK-based company said last week. The equivalent quarter in 2021 comprised 14...Read More
RAPAPORT... Jewelry sales at Richemont grew 49% for the full fiscal year as the global market recovery enabled the luxury retailer to record its highest-ever annual total for the category.Proceeds from the segment rose to EUR 11.08 billion ($11.7 billion) for the 12 months ending March 31, Richemont said last week. The increase was driven by a restart of public events following Covid-19 lockdowns,...Read More
(IDEX Online) - About 250,000 diamond workers in Surat have been put on two weeks' unpaid leave as rough supplies are squeezed by sanctions and banking restrictions against Alrosa.The Russian miner normally accounts for around 40 per cent (by volume) of the diamonds that are cut and polished in the Indian hub."The units have been reducing working hours from 12 to eight and had given two days...Read More
(IDEX Online) - India could hugely increase its lab grown diamond production to support a "stronger and more self-reliant domestic cutting and polishing industry," says the GJEPC.It currently produces around 1.5m carats, a distant second place to China's 3m carats (Bain/AWDC figures for 2021).But Colin Shah (pictured), chairman of the Gems and Jewellery Export Council, says the lab grown indu...Read More
(IDEX Online) - Fugitive diamantaire Mehul Choksi is no longer facing charges over his "illegal entry" to the Caribbean island of Dominica almost a year ago.He is still wanted by authorities in his native India over the alleged $1.8bn Punjab National Bank (PNB) fraud.Choksi, (pictured), 62, left India in January 2018, days before the alleged fraud came to light, and relocated to Antigua and Barbud...Read More
Spread the lovePRIVATE BLOG - The Gold & BenchmarksPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
There are a million factors for investors to consider when investing in gold stocks. And among the factors considered to be most important is ore grades.When a mining company talks about ore grades, it is usually referring to the concentration of mineral contained within the rock. For gold, grades are typically reported to the public in grams per tonne (g/t).A gold grade of five g/t simply means t...Read More
When someone talks about investing in gold, what exactly do they mean?Investors who say they own gold often mean they have one or more of the following assets: actual gold bars or coins; gold ETFs; gold futures; or gold mining company stock. According to data from the World Gold Council, more than $11 trillion worth of gold can be found in the world's reserves.Is Gold a Smart Investment Choice?Whe...Read More
The firm is focused on funding the development of its Cariboo gold project in central British Columbia, Canada and a feasibility study on track for completion in the first half of this year.Read More
Edelweiss Wealth Management, Released on 5/6/22*This interview was recorded on May 6th, 2022Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd....Read More
Wittgenstein, Released on 5/21/22Dr. Robert Malone about monkeypox pic.twitter.com/eJzgOj3JPo- Wittgenstein (@backtolife_2022) May 21, 2022 Dr. Malone: 'This is clear fear porn!' added by Herman James on 05/22/2022View all posts by Herman James ?+'Read More
Kitco News, Released on 5/23/22David Rosenberg, Chief Economist and Founder of Rosenberg Research, predicts a recession this year. He is also optimistic that the Federal Reserve can fight inflation by 2023. Rosenberg spoke with Michelle Makori, Editor-in-Chief and lead anchor at Kitco News, at the Vancouver Resource Investment Conference.David Rosenberg is the chief economist & strategist of Rosen...Read More
BLOCKCAST CC, Released on 5/20/2200:00:00 Introduction00:01:09 View on the current state of affairs Is it a recession now?00:03:22 Whether Federal Reserve be able to contain it?00:04:00 What should a normal investor do?00:04:52 Which markets and sectors are less vulnerable to recession?00:05:58 Where and how to invest in commodities?00:08:37 Whether investing in US technology a wise idea? Does the...Read More
CNBC, Released on 5/23/22Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, Cambridge, joins CNBC's 'Squawk Box' to explain why he thinks the market sell-off could be entering a new phase.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investm...Read More
Kitco News, Released on 5/23/22Amir Adnani, CEO of Uranium Energy Corp and Chairman of GoldMining, discusses the vulnerability of America's nuclear energy supply with David Lin, anchor for Kitco News. Amir Adnani, nuclear energy, russia, uranium, warAmir Adnani: U.S. electricity is 'heavily reliant' on Russia; What if Putin cuts uranium exports? added by Herman James on 05/21/2022View all post...Read More
The LaRouche Organization, Released on 5/23/22A review of recent statements from leading British institutions involved in shaping the policies of the "West" reveal that Lyndon LaRouche was absolutely right when he pointed to the British Empire as the controller of American strategic and financial policies, working on behalf of the financial and corporate cartels in the Trans-Atlantic nations. Whet...Read More