Hints and tips:
...“I’ve been through various gold and silver booms since the 1970s — we’re seeing a more sustained, stronger and genuine rally.”...
...David Franks, a modern-day gold bug, holds more than £2mn in bars, coins and mining stocks but has otherwise steered clear of investing in the equity markets....
...It also pushed total silver holdings in ETFs beyond 1bn ounces for the first time, reaching 1.07bn ounces (33,182 tonnes) by the end of December 2020, according to the Silver Institute, a trade association...
...History is full of anecdotes of people burying the family silver in their garden or carrying gold bars or coins in wallets — just in case....
...The company now sells gold at a premium of around 10 per cent to the spot market price. Normally the gap is 1 to 2 per cent....
...Reversion towards the mean in the gold-silver price ratio — over 10 years, 66 ounces of silver bought one ounce of gold — depends largely on a lower price for the latter....
...The price of gold is up 25 per cent so far this year, to $1,330 per ounce....
...have increased the appeal of owning gold bars and coins....
...At 77.6 million ounces last year, solar demand for silver made up 7 per cent of total demand. Coin and bar demand form investors rose to a record high of 292.3 million ounces....
...For Surender Kumar Jindal, one of the biggest sellers of gold and silver bars in India, this year has not been good for business....
...Gold fell more than 1 per cent to a 10-day low of $1,270.9 a troy ounce. “Overnight we have seen two polls, one with Leave in the lead and the other with Remain in the lead....
...75 per cent over the past 10 years”....
...Silver was also in demand, rising 75 cents to $17.08 an ounce....
...Even so, GFMS expects the silver price to average $19 an ounce this year, and $17.50 an ounce in 2015....
...Thailand’s desire for bar and coin reached 79 per cent and even the developed markets such as UK and US reported an upsurge in jewellery demand, at 10 per cent and 13 per cent respectively....
...On a 10-day journey around them, I saw barely a handful of other visitors, and they were all curious locals....
...Silver prices have gyrated in the past 10 years, spiking to a record high above $49 per troy ounce in April 2011 before collapsing. Spot silver was up 1.6 per cent Wednesday at $21.87....
...In other precious metals, sliver fell to a four-week low of $21.35 a troy ounce, before rallying to $21.82. Over the week silver dropped 8 per cent....
...The Indian government this week increased import duty on gold and silver jewellery from 10 to 15 per cent, although tariffs on gold bars remained unchanged at 10 per cent....
...“The focus in 2014 will continue to be on big stones of 10-plus carats with real quality and rarity.”...
...For instance, the premium paid for gold in Mumbai shot up from $2 an ounce above the global benchmark before the price crash, to $10 an ounce afterwards....
...Physical demand for silver has also been strong. Sales of US American Eagle silver coins in January so far total 5.7m ounces, the highest since January 2011, when sales were at 6.4m ounces....
...Other precious metals have also been caught up in the sell-off, with silver falling more than 3 per cent to a low of $29.12 a troy ounce, and platinum falling below $1,500 a troy ounce for the first time...
...Investors had withdrawn 1,105 tonnes of silver from ETFs in seven days, Ms Cooper added, a decline of about 10 per cent....
...Gold reached $1,518.10 per troy ounce, a nominal record, while silver climbed to $49.31 per ounce, its highest level since a supply squeeze in 1980....
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