As IMF warns of 'crisis like no other', gold is working its way to new record highs

As IMF warns of 'crisis like no other', gold is working its way to new record highs

(Kitco News) The world is in for the worst financial crisis since the Great Depression of the 1930s as the global economy grapples with the "great lockdown," according to the latest from the International Monetary Fund (IMF).
April 14, 2020 0 Comments
PERU EXTENDS LOCK-DOWN ALONG WITH MEXICO: An Estimated 40% Of Global Silver Mine Supply Now Offline

PERU EXTENDS LOCK-DOWN ALONG WITH MEXICO: An Estimated 40% Of Global Silver Mine Supply Now Offline

Now that the Peruvian Government announced an extension of the country’s state of emergency until April 26th, the world’s first and second-largest silver producers have taken 40% of global silver mine supply offline for a month.  Peru first announced its national quarantine on March 15th.  So, the country’s mines will be shut down for more than a...
April 10, 2020 0 Comments
U.S. Mint Silver Eagle Sales Surge First Three Days In March Due To Global Contagion

U.S. Mint Silver Eagle Sales Surge First Three Days In March Due To Global Contagion

When investors become increasingly concerned about the financial system, they rush into physical precious metals.  And, this is precisely what we see taking place at the U.S. Mint as sales of Silver Eagles surged in the first three days of March versus the entire month of February.  The U.S. Mint hasn’t seen this type of buying for several years.
March 5, 2020 0 Comments
Major Production Declines from The Top Two Primary Silver Mining Companies

Major Production Declines from The Top Two Primary Silver Mining Companies

As the silver price continues to break out of its lows, two of the top primary mining companies are experiencing major production declines in the first half of the year.  Mexico’s Fresnillo PLC and Peru’s Buenaventura’s top primary silver mines saw a significant decrease in production due to either falling ore grades, decreased volumes of processed...
July 22, 2019 0 Comments

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