The price of gold today, as of 9:20 a.m. ET, was $4,504.01 per ounce. That’s down 0.88% in the past 24 hours. The lowest trading price within the last day: $4,454.14 per ounce. The highest gold spot price in the last 24 hours: $4,571.01 per ounce.
Source – Forbes
U.S. Commerce Secretary Howard Lutnick said Wednesday that the Trump Gold Card, which makes it possible for any foreigner to buy a visa for $5 million, will be available online within weeks.
“The details of that will come soon after, but people can start to register. And all that will come over a matter of the next weeks — not month, weeks,” Lutnick said.
Source – FOX News
I have only recently seen the amount of news on this topic and was intrigued. Please let me know if this is a topic that you would like to see more of as I will just post more on this and write a piece on it. -V
“This we hope will be reality in a three to five year period,” PolyMet’s Warren Hudelson told MPR News in 2004.
Now, 20 years later, the controversial mine in northeast Minnesota still hasn’t opened. It hasn’t even begun construction, because three key permits it needs to advance — approvals state and federal agencies granted more than five years ago — have since been revoked or suspended.
Source – MPRnews
The most active futures on gold are currently trading at $2745.10, up $27.30 or 1% from a day earlier. That level is just about 2% shy of its all-time settlement high of $2800.80 marked on Oct. 30. If the contract closes at current levels, it would be the highest close since last month, according to the Dow Jones Market Data.
“Gold remains the consummate hedge for investors worried about inflation or growth,” wrote Jared Woodard and the team from BofA securities on Tuesday. Gold was labeled as BofA’s “highest conviction investment ideas for 2025.”
Source – BARRON’S
BofA securities – Bank of America Inc., previously Bank of America Merrill Lynch (BAML) is an American multinational investment banking division under the auspices of Bank of America.
This is an update on the 5 year project possibly longer.
Shares of Vizsla Silver shot up by 12.0% during the morning session, trading at a near 52-week high of $2.76 apiece.
“This update reflects the excellent mineralized continuity that exists at Copala. Reducing the space between drill holes at Copala to 25 metres has resulted in a significantly higher-grade profile in the upper levels of the resource and PEA mine plan,” Vizsla CEO Michael Konnert said in a statement.
Source – Mining.com
News on this topic from October 2020.
Vizsla President and CEO, Michael Konnert, commented: “Recent drilling continues to grow the Napoleon discovery area where the best new intercepts are from the deepest holes completed. Mineralization has been extended to the south over 50m and is completely open at depth. The broad intercepts in NP-20-25 and NP-20-27 as well as the internal high-grade veins increase the possibility of both open pit and underground mining scenarios. The Company’s aggressive exploration program is targeting three vein corridors in the district and it is exciting to see the benefit of systematic drilling around our multiple discoveries, particularly the addition of significantly more mineralization at Napoleon.”
Source – Junior Mining Network
The London Metal Exchange three-month price has risen every day in January and is now up 4.0% from the start of the month, making copper the early outperformer of the LME base metals pack.
Dwindling stocks and China’s rising import appetite have rekindled optimism that the country is finally turning an economic corner.
Fund managers are unconvinced, with investors’ long positions only marginally ahead of bearish bets on both the CME and LME copper contracts.
The Yangshan copper premium , a closely-watched gauge of China’s import demand, is currently at a one-year high of $75 per ton, indicating China is still hungry for metal.
Source – Reuters
Hey Numismatics!
I’m sure that you’re looking for coins in honor of National Coin Week and you’re getting rare coins on eBay, Whatnot, Instagram or whatever you online buying you can find. Well, here you can find reputable coin and bullion dealers to buy in person and skip the shipping costs to get your coins.
If you’re looking for rare coins and are in the Chicago area, check out Harlan J. Berk. They have more than 50 years of expertise in the precious metals space. They have a dedicated space to do more research on pieces and even help you enhance your portfolio.
Coins are a specialty at Arizona Coins & Collectibles in Tucson, AZ ranging from ancient to modern. You will see coins on the walls and over 45 years of experience. If you’re not in the area, they have an online eBay store you can visit.
At Bullion & Coin Exchange in Mesa, AZ they are recommended by the U.S Mint. If you’re looking for coins they’ve got you covered and have 39 years of experience to show for it.
If you’re close to Pittsfield, MA then Pittsfield Precious Metals is the place to be for gold, silver, and you guessed it COINS! They offer a variety of collectibles and professional coin grading services.
These are what you can find at these local gold and silver dealers and coins dealers. See their listings and visit their sites. You won’t be disappointed at any of these locations. Their combined experience and expertise will give you comfort knowing you are investing with the right people.
Happy Coin Hunting friends! Good luck!
