Market News
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July 07, 2014
Laura Baverman, USA TODAY, July 7th, 2014: In the past three years, Tarek Saab has built a $180 million a year business buying and selling gold and silver, one that is now among the largest distributors for Australia's Perth Mint and the fastest growing companies in its industry.
Saab has built an online retail business that upends an industry still dominated by mom-and-pop coin shops with "We Buy/Sell Gold" billboards along the highway.
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July 01, 2014
According to the latest analysis by Deutche Bank, Silver and Gold were the two best performing assets of the first half of 2014:
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June 05, 2014
From CoinNews.net
Sales of Australian bullion gold and silver advanced last month but were mixed compared to a year ago, new figures from the Perth Mint of Australia show. The increases came even as London bullion fixings marked May losses of 2.9% for gold and 1.5% for silver.
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June 02, 2014
From CoinNews.net: American Silver Eagle rationing has ended, the United States Mint announced today in a memo sent to its network of bullion distributors called "Authorized Purchases."
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May 30, 2014
PERTH MINT: RELEASE
Phenomenal interest in the 2014 Australian Saltwater Crocodile coin means that The Perth Mint has now received committed trade orders for 1 million coins.
As a result, we are taking no further orders from wholesale customers worldwide.
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February 18, 2014
The World Gold Council has released its annual report for 2013. Per the press release:
"Consumers around the world bought gold in record amounts in 2013, led by demand in China and India, with China becoming the world’s biggest gold market, according to the latest World Gold Council Gold Demand Trends report. In Western markets consumer demand also remained strong with the US, in particular, having a robust year in the jewellery, bar and coin sectors."
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February 04, 2014
Michael Kosowan of Sprott Global, contributing his thoughts at the Cambridge Resource Summit in Vancouver on January 20th, comments that the ‘bonfire of the juniors’ has yet to occur. In brief, junior mining companies are, collectively, in serious financial trouble, and much of the credit extended to these junior miners will not be renewed in 2014. Furthermore, a near term rise in the price of gold will be "too little, too late" to salvage many of the marginal players in the industry.
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January 17, 2014
Gallup just released a new poll showing that 42% of Americans claim that they are worse off financially than they were a year ago. The trend is rising, despite record levels in the stock market. Yet, more Americans are optimistic that their fortunes will improve in the coming year.
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January 14, 2014
Every year in January, precious metals enthusiasts tout the "record demand" for Silver Eagle Coins. The US Mint released 3.1M Silver Eagle coins this week to much fanfare. Occasionally, the demand is the result of consumer interest, but sometimes the demand is not correlated to mass market interest at all. We will attempt to dispel the hype and hone in on the facts:
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December 31, 2013
What a remarkable year it has been for the markets, the precious metals industry, and for Texas Precious Metals. Thank you to our valued customers who have helped us build our business into one of the fastest growing private companies in America, let alone the industry.