Market News
-
June 02, 2015
(DALLAS MORNING NEWS, May 31, 2015): All that glittering gold doesn’t have to go to Fort Knox or the Federal Reserve in New York.
Instead Texas will soon be able to keep their precious metals in a new bullion depository lawmakers approved today. The bill goes to to governor.
Now, this isn’t a place to store Great Aunt Margaret’s earrings.
Public agencies, corporations or even individuals could store gold or precious metal there if it is in certain form — such as bullion or specie, which are generally gold or silver stamped.
-
May 18, 2015
Gold.org -- The first three months of 2015 saw stable gold demand, according to the latest Gold Demands Trends report from the World Gold Council. Total demand for Q1 2015 was 1,079 tonnes (t), down just 1% on the same period last year.
Conditions differed from market to market, but at an aggregate level, these differences broadly balanced each other out. Once again, consumers in Eastern countries dominated the market with China and India alone accounting for 54% of total global consumer demand in the quarter.
-
April 20, 2015
AUSTIN (Dallas Morning News) — It’s not about the Benjamins but the bullion for one Tarrant County lawmaker.
Texans would be able to pay with gold and silver pieces minted by the federal government as legal tender under a bill offered by Sen. Konni Burton, R-Colleyville.
Burton said the option has gained appeal as the dollar’s purchasing power has declined dramatically over the past four decades.
-
March 13, 2015
The Australian Perth Mint Announces the Release of the Limited Edition 2015 Funnel-Web Spider Silver Coin. These spectacular coins will be limited to a mintage of only one million worldwide. Texas Precious Metals is a national distributor of Perth Mint products.
The coin’s reverse features a large funnel-web spider, displaying its sprawled legs and hairy body. The design also includes the inscription AUSTRALIAN FUNNEL-WEB SPIDER, the 2015 year-date, the coin specifications, and The Perth Mint’s traditional ‘P’ mintmark.
-
February 13, 2015
2014 ends with strong gold demand in Q4, driven by jewellery and central banks
2014 saw a stabilisation of the gold market as it pulled back from the extremes of 2013, according to the latest Gold Demand Trends full year report from the World Gold Council. Annual gold demand was 3,924 tonnes (t), 4% lower than 2013. The year ended strongly, with gold demand in Q4 2014 up 6% year on year to 987t, driven by demand for jewellery and central bank buying.
Jewellery remains the biggest source of demand for gold. Total jewellery demand for the year was 2,153t, down 10% compared to the previous year, which is not surprising given the price-driven jewellery demand surge in 2013. India – one of the two largest gold markets in the world – had its strongest year for jewellery demand since the World Gold Council’s records began in 1995, up 8% on a year ago to 662t. This was driven by wedding and festival buying despite the presence of government restrictions on gold imports for most of the year. Although China saw demand decline 33% year on year, it still represents the second best year for jewellery demand in China since our records began.
-
November 14, 2014
According to the latest Gold Demand Trends report from the World Gold Council, covering the period July to September 2014, global demand for gold was down just 2% year on year to 929 tonnes (t).
Investment demand, a combination of bars and coins and exchange-traded funds (ETF), was up 6% to 204t. However, investment in bars and coins was down 21% to 246t. This reflects an adjustment towards more normal levels of demand after a surge of unprecedented consumer demand took place last year. ETF outflows stood at 84t for the year to date compared to 699t in the same period last year. Third quarter demand for bars and coins was very close to the 10-year quarterly average of 240.6t. It’s worth noting that before the financial crisis of 2008, the European bar and coin market was virtually non-existent.
-
November 04, 2014
This video produced by the Royal Canadian Mint is a unique look at their minting process and new DNA Anti Counterfeiting Technology. Each gold coin issuing from RCM is encoded with its own serial number to ensure authenticity.
-
October 01, 2014
We are excited to announce the arrival of the new 2015 Gold Australian Perth Mint Kangaroo! The beautiful new coin is .9999 fine gold with a legal tender face value of AUD$100. Each year, the Perth Mint changes the design of the reverse of the coin, and this year's design features a leaping Kangaroo with a full moon backdrop. Texas Precious Metals is one of the world's largest distributors of Perth Mint gold products, responsible for nearly 30% of domestic gold sales and 10% of worldwide gold sales.
-
September 03, 2014
Texas Precious Metals and The Perth Mint release spectacular Houston-Perth “Sister Cities” Coin, celebrating the strong ties between the cities’ booming energy sectors
Shiner, TX: Texas Precious Metals is excited to announce the release of an exclusive Houston-Perth “Sister Cities” coin in partnership with The Perth Mint, Australia. The half-ounce, 99.9% pure silver coin features offshore and onshore oil rigs showcasing the cities’ historic energy sectors. The coin also pays homage to the flags of Texas and Australia.
The Sister Cities coin will have a legal tender face value of AUD$0.50 and be restricted to a limited mintage of only 500,000 coins.
-
September 03, 2014
From gold.org:
Gold demand of 964t in the second quarter was, unsurprisingly, lower when compared with the exceptional upsurge in demand in Q2 2013. Jewellery demand weakened year-on-year, but the broad, 5-year uptrend remains intact. Investment demand pulled back from the extremes seen during last year as relatively stable price conditions contributed to the subdued environment. Central banks continued to buy gold at a solid, steady pace. Mine production grew 4% year-on-year for a second consecutive quarter, contributing to a 10% increase in gold supply.