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Hindustan Zinc shares up 5%

ByVictoria

The shares of Hindustan Zinc surged nearly 6 percent to trade at Rs 496 apiece on June 5 on the back of a notable surge in silver prices in India.

Hindustan Zinc is the largest producer of silver in India, and produces refined silver with a minimum 99.9 percent purity. The sharp rise in the bullion’s prices is expected to further boost the stock.

Hindustan Zinc shares have gained nearly 16 percent in the past one month, but dropped nearly 27 percent in the past one year.

Source – Money Control

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    MAG Silver Corp reports Q4 2024

    ByVictoria
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    MAG Silver Corp.’s Q4 2024 results showed lower production due to lower grades, but full-year production exceeded revised guidance, leading to strong financials.

    MAG Silver Corp. (NYSE:MAG) is a precious metals mining company with a few assets in North America. It has some early-stage exploration projects in the United States and Canada but gets most of its value from its 44% ownership in the Juanicipio mine in Mexico.

    Source – Seeking Alpha

  • Gold and Silver may be adopted as Legal Tender in Florida

    ByVictoria
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    This is revolving a bit around politics but hey we need to stay with the times when we look at our investments and retirement interests. Our investments DO revolve around what the world is going through and we need to base our decisions on real life real world problems. This is an important part of investing and paying attention to trends if you are so inclined to invest or use or investments in the direction you feel it needs to go.

    Let’s stay in tune with what’s going on and learn about today’s topic.

    Well, this news happened a couple days ago but it’s still relevant today as things change before we know it!

    News!

    Currently in Florida, there is an open House seat in District 1. Trump backed candidate Jimmy Patronis wants the Sunshine State to adopt gold and silver as legal tender and has called for a study on the issue.

    “Gold and silver have been trusted assets for thousands of years, and it makes perfect sense to use them as legal tender. I’m launching this study to determine the best way to get it done,” Patronis said in a statement included in a press release earlier this week.

    For the full article and source https://www.msn.com/en-us/news/politics/trump-backed-candidate-aiming-to-replace-matt-gaetz-wants-florida-to-adopt-gold-and-silver-as-legal-tender/ar-AA1vR6dn?ocid=socialshare

    Additional Info

    Currently there are 11 states that use gold and silver coins as legal tender Utah being the first state to do so in 2011. This is a great shift we may see as states are either moving towards it or in talks of doing this. The positive for those who live in these states is the capital gains taxes would be eliminated on sales of gold and silver.

    For more info and map see source https://worldpopulationreview.com/state-rankings/gold-and-silver-legal-tender-states

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    Gold trades high, spot gold gains

    ByVictoria
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    Spot gold gained 0.5% to $2,946.68 an ounce, as of 1131 GMT

    “Gold continues to be supported by the prospect of a tariff-driven economic slowdown, potentially bringing forward U.S. Fed rate cut expectations,” Ole Hansen, head of commodity strategy at Saxo Bank, said.

    “I maintain my bullish stance on gold, expecting an economic slowdown or even stagflation to drive demand and price of gold higher.”

    Spot silver was flat at $33.21 an ounce, platinum lost about 1% to $974.45, while palladium dropped 0.2% to $947.17.

    Source – Reuters

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    Gold – Silver ratio 2025

    ByVictoria
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    The gold-silver ratio was just over 103:1. That means it takes about 103 ounces of silver to buy an ounce of gold.

    This is slightly above the 1991 peak and not too far below the all-time high of 123:1 during the pandemic chaos in 2020.

    Source – Money Metals

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    Congressional gold medal reintroduced to honor James Earl Jones

    ByVictoria
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    “James Earl Jones was a national treasure — an artist whose voice and presence have left his mark on American culture. He broke barriers, inspired generations, and served our country with honor. As a proud constituent of New York’s 17th District, it is only fitting that he posthumously receives one of our nation’s highest honors,” said Congressman Mike Lawler (R-New York).

    Source – Coin World