The U.S. and its allies in the EU and others around the world have imposed the harshest economic sanctions on Russia that have ever been used. In the past, even nations directly at war with each other would continue to pay the debts they owed each other.Since this war is in Ukraine, let's look at another war that took place in present Ukraine from 1854-56, during the Crimean War.Britain (and Franc...Read More
Daily Reckoning, Released on 3/14/22Investors can prepare for the coming collapse of the dollar by increasing their allocations to physical gold. That's the one form of money you cannot freeze or seize.Continue... Jim Rickards: The Last Straw for Russia and the World added by Herman James on 03/16/2022View all posts by Herman James ?+'Read More
Those pesky insiders are at it again.Just when you thought our politicians in Washington couldn't get any lower, they go and do something like this...First it was the 2008 financial crisis, then the pandemic, and now the war in Ukraine.It's mind-blowing that our lawmakers are still allowed to do this, but hey, they make the laws, so they feel like they can do what they want with their investments....Read More
In retrospect, nothing much has changed since I published my original article $100 Silver Has Come And Gone in October 2019.The price is higher than it was at the time the article was written, and that is certainly positive. However, the net change since then does not alter the fundamental arguments stated in the original article. Let’s review the salient points now. SILVER PRICE HISTORY &...Read More
CopperThe global copper supply crisis is getting deeper with each passing day.Even disregarding the military crisis in Europe and the piling sanctions against Russia that have rocked the commodity markets, copper has always been in a tough spot simply because of its fast-rising demand and the critical role in the modern economy.More than 20 million tonnes of the metal are being consumed each year...Read More
LONDON, 14 March 2022 - Comment from BullionVault today leads a report on the latest gold-price moves posted at MSN, the global web portal and news-site."It looks like precious metals as well as other commodities have got past their initial shock at Russia's invasion," the report quotes Adrian Ash, director of research at BullionVault.Read the full story, first published at MarketWatch, at MSN her...Read More
In retrospect, nothing much has changed since I published my original article $100 Silver Has Come And Gone in October 2019.The price is higher than it was at the time the article was written, and that is certainly positive. However, the net change since then does not alter the fundamental arguments stated in the original article. Let’s review the salient points now. SILVER PRICE HISTORY &...Read More
CopperThe global copper supply crisis is getting deeper with each passing day.Even disregarding the military crisis in Europe and the piling sanctions against Russia that have rocked the commodity markets, copper has always been in a tough spot simply because of its fast-rising demand and the critical role in the modern economy.More than 20 million tonnes of the metal are being consumed each year...Read More
In retrospect, nothing much has changed since I published my original article $100 Silver Has Come And Gone in October 2019.The price is higher than it was at the time the article was written, and that is certainly positive. However, the net change since then does not alter the fundamental arguments stated in the original article. Let’s review the salient points now. SILVER PRICE HISTORY &...Read More
CopperThe global copper supply crisis is getting deeper with each passing day.Even disregarding the military crisis in Europe and the piling sanctions against Russia that have rocked the commodity markets, copper has always been in a tough spot simply because of its fast-rising demand and the critical role in the modern economy.More than 20 million tonnes of the metal are being consumed each year...Read More
“2022: The Golden Year” activates……as gold and the miners hit our short-term upside targets this week.In August of 2020 we noted the danger signals for gold based on sentiment excess coming out of the acute pandemic fear phase. We also noted the need for a multi-year bullish Cup to build a proper handle after that excess. A Cup’s handle is actually a downward trendi...Read More
We live in uncertain times, but one thing is (almost) certain: the Fed’s tightening cycle will be followed by an economic slowdown – if not worse.There are many regularities in nature. After winter comes spring. After night comes day. After the Fed’s tightening cycle comes a recession. This month, the Fed will probably end quantitative easing and lift the federal funds rate. Will...Read More
Whether or not you are investing in gold for retirement, it isalways important to be informed. This article will help you decide if investingin gold is the right decision for your retirement. When deciding on what to invest in, one of the most popularchoices is gold. Gold has been used as a currency and an investment forthousands of years, and it continues to be a popular choice for investorstoday...Read More
RAPAPORT... Sotheby's brought in $12.4 million from its Important Jewels sale in New York, with a pair of diamond earrings by Boucheron taking the top spot.The set features marquise- and pear-shaped diamond clusters suspending two detachable pear-shaped diamonds - a D-color, VS1-clarity stone weighing 14 carats and a D-color, VVS2-clarity diamond weighing 13.75 carats. The pair fetched $1.3 millio...Read More
RAPAPORT... US jewelry sales rose in February amid a rebound in consumer spending on apparel and accessories, according to Mastercard SpendingPulse.Revenue for the jewelry category grew 22% year on year during the month, Mastercard reported last week. The segment also benefited from the extra cash shoppers diverted from their travel and restaurant budgets. Jewelry purchases jumped 24% compared to...Read More
RAPAPORT... US President Joe Biden has issued an executive order prohibiting the import of "nonindustrial" diamonds originating in Russia.The measures, which the White House announced on Friday, follow Russia's continued war in Ukraine and build on earlier US sanctions outlawing debt and equity transactions with Alrosa and its CEO, Sergey Ivanov. Those previous rulings did not constitute an o...Read More
(IDEX Online) - India's polished diamond sales are set to plunge by more than a quarter, say the ratings analysts CRISIL."If the trade disruption is protracted, next quarter's sales will be down by 25 to 30 per cent, shaving off about $2bn to 2.5bn," said its director, Rahul Guha, speaking before Friday's announcement of sanctions by the US government on the purchase of rough diamon...Read More
(IDEX Online) - Nothing Lasts Forever, the new documentary that claims to lift the lid on the "highly secretive" diamond industry, premiered yesterday on the US network Showtime.The trailer opens with a provocative observation about lag growns: "People want diamonds because they've been told to. None of them are really worth anything and, surprise, your big diamond might be fake!"Jason Kohn s...Read More
(IDEX Online) - The US has imposed sanctions on gem quality diamonds from Russia, which accounts for almost 30 per cent of global rough supply.President Joe Biden (pictured) issued an executive order on Friday banning the import of "non-industrial diamonds", along with vodka, caviar and other luxury goods."As Putin continues his merciless assault, the United States and our allies and partner...Read More
We spoke with Tony Schreck, who is the Managing Director of Pacgold. Pacgold Limited (ASX: PGO) is a gold exploration Company, focused on progressing its key asset, the 100% owned Alice River Gold Project, in North Queensland, at the northern end of the Northeast Queensland Mineral Province. This gold-rich Province contains several multi-million-oz gold deposits. There are several past producing g...Read More