Analytics

Kitco ranked the five largest gold deposits in South America in the 2nd quarter of 2021. The rating was created on the basis of public data on the performance of companies.

The Pobjoy Mint announced the release of the 2nd coin from the Wild Five series with the image of a hippo. The series consists of five coins dedicated to the animals of Sierra Leone (a state in West Africa, on the coast of the Atlantic Ocean).

In November of this year, the precious metal exchange rate increased by 4.15%. By the end of the month, quotes were hovering around the 50- and 200-day moving averages. From the first days of winter, yellow metal prices began to rise smoothly after the news about a new strain of the coronavirus called "omicron," as well as a series of speeches by the head of the Fed.

In October 2021, the Portuguese Mint issued three commemorative "Varnish Art" coins from the Portugal and East series. Coins have the same design, denomination, and differ only in the metal from which they are made (gold, silver, platinum), diameter and circulation.

Recently, the Coinbase cryptocurrency exchange (USA) announced the sale of bonds worth $1.5 billion, later changing the amount by $2 billion. One of the leaders of the crypto industry borrows money at the expense of bitcoins.

Currently, there is a tense situation on the gold market. Dragmetall trades around $1,800 an ounce, but it's hard to predict where the course will go next. Some experts are confident that the yellow metal exchange rate will decline against the background of attractive stock assets and bitcoin for investment.

As you know, 50 years ago, American President Richard Nixon withdrew the United States unilaterally from the Bretton Woods monetary system, which was created at the end of World War II. The first and irreversible step in this process was the decree of the American president on ending the convertibility of dollars into gold.

As you know, the Perth Coin House minted gold investment coins in honor of one of the 12 animals of the Chinese Lunar Calendar. Thematic products have an identical design, but with differences on the reverse (in color and without it).

Precious metals are protective assets that provide financial well-being to their owners against the background of unfavorable conditions in the stock markets and depreciation of paper currencies. On average, the "useful life" of paper currency is 25-40 years. Then, as a rule, it is depreciated if governments increase budget spending.

At the beginning of last week, the price of gold rose amid a decline in the dollar index relative to most of the leading currencies. The yellow metal also rose in price due to a negative reaction from traders to the prospect of tightening the Fed's monetary policy.