Across the ages, silver has been considered a valuable metal with a multitude of uses. After gold, silver is the most malleable and ductile metal, which makes it an ideal choice for artisans to create decorative items. The chemical symbol of silver—Ag—comes from the Latin argentum, which means off-white. Ancient civilizations associated silver with the…
Gold spot price continues to sink as the Thursday morning Jobless Claims report was published, indicating a strengthening labor market. Jobless claims came in roughly 7,000 under consensus, adding fire to December interest rate hike speculations and sending precious metal spot prices downward to a low of $1252.69. The true significance of the latest job…
Gold prices are on the decline Tuesday for many reasons. The resiliency of the US dollar combined with concern over likely Federal interest rate increases in the December FOMC meeting, along with a hopeful US economy have gold and silver prices trending downwards. Early Tuesday morning reports from Federal official, Jeff Lacker, suggesting December rate hikes…
The love of and subsequent pursuit of gold has resulted in hundreds, if not thousands, of incredible and absurd stories. When crafting this blog, I tried to think of a commodity other than gold that has inspired similar tales, both fact and fiction; however, I could think of none. Throughout history, gold has been at…
The use of gold—in art, religion, medicine, and currency—spans back centuries and touches almost every known culture. Why was gold such a coveted precious metal? Because gold has such a brilliant color and doesn’t corrode, it became a symbol for immortality and power in many ancient cultures. Records of underground gold mining date back to…
2017 is drawing near, and with its arrival comes the Year of the Rooster. The Chinese zodiac features 12 animals in a 12 year cycle, built around a Jupiter based lunar calendar. The animals are the Rat, Ox, Tiger, Rabbit, Dragon, Snake, Horse, Goat, Monkey, Rooster, Dog, Pig. As the 10th animal in the 12 animal cycle,…
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