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How Much Does it Cost to Produce an Ounce of Gold?

May 23, 2017 Extras, Invest in Gold

Our planet’s gold reserves are limited, which is part of what makes the yellow metal such a valuable resource. This means that finding and mining gold can be a very costly endeavor. But just how much does it cost to produce an ounce of gold? It’s very difficult to determine exact numbers, but mining companies…

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New Charges When Paying With Bitcoin

May 23, 2017 Uncategorized

As bitcoin gains popularity as a digital currency, the blockchain undergoes changes to keep up with industry needs and trends. Bitcoin has welcomed soaring values in 2017, which further increased the demand for secure bitcoin transactions. However, the growing demand for bitcoin is raising the price, known as a miner fee, of making transactions. To…

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Novelty Coins Flop at Royal Canadian Mint

May 22, 2017 Uncategorized

Beginning in 2011, the Royal Canadian Mint began producing a series of collectible silver coins that featured pop culture icons like Superman, Bugs Bunny, and the Starship Enterprise. These coins were stamped with a face value of $20 because the price of silver was soaring that year. They could be purchased for the same price,…

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Friday Fables: The Hunt Brothers

May 19, 2017 Uncategorized

Our Friday Fables blog has been telling you fun tales about precious metals for some time now. These stories are usually legends or myths involving hidden treasure and the like. But today’s post is the true story of the Hunt Brothers and how they tried to corner the silver market, nearly collapsing the country’s financial…

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Friday Fables: The Tooth Fairy

May 12, 2017 Uncategorized

Many Americans grew up with fond memories of losing their baby teeth. Sure, it’s sometimes painful, but it also came with a reward. The tradition of children leaving lost baby teeth underneath their pillow for the tooth fairy to exchange for money—often a coin—has become ingrained in our culture, but it’s a fairly new tradition…

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Demand Says Silver Should Be Valued Higher

May 10, 2017 Uncategorized

A mining CEO recently presented as a keynote speaker at the annual Atlas 400 meeting spoke of silver as being instrumental to modern society. It’s no surprise because gold and silver have been valuable commodities since ancient times. The chemical properties of the two metals make them practical choices for coinage and a wide assortment…

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