South Carolina Lawmaker Seeks to Ban...

South Carolina Rep. Mike Pitts has introduced legislation that would mandate that gold and silver coins replace federal currency as legal tender in his state. As the Palmetto Scoop first reported, Pitts, a...

2009 Gold Demand Surpasses U.S. $110...

The demand for gold reached US $110 billion in 2009, up 40% from the previous year, supported by increasing investor demand in light of the current economic climate. Increasing investor demand resulted in the...

Declining Gold Production in China

In 2007, South Africa fell from its longheld position as top gold producing country in the world, being replaced by China. This may lead some to believe that gold mining output in China is increasing, but this...

India’s Gold Imports

India is known as the biggest consumer of gold in the world, much of it sold in the form of investment-grade jewelry (with high caratage and low design premiums). Privately possessed gold in Indian is...

Gold Confiscation

Some precious metals firms foster the circulation of many myths, misunderstandings, and outright lies about the purchase and sale of precious metals. Generally, these misconceptions and falsehoods promote the...

The Changing World Economy

Economic storm clouds are gathering on the horizon and when the economic storm hits, most traditional assumptions and expectations will be blown to smithereens. In other words, life as we have known it in the...

Silver

Silver: Used in photography, jewelry, in electronics because of its very high conductivity, as currency – generally in some form of an alloy, in lining vats and other equipment for chemical reaction...

Future Uses of Gold

Gold is too expensive to use by chance. Instead it is used deliberately and only when less expensive substitutes can not be identified. As a result, once a use is found for gold it is rarely abandoned for...