The price of silver has slowly been creeping up to the price of gold during the yellow metal’s recent bull run. Silver’s role as a precious metal has changed price negative news impacting much of the industrial commodities, a sector responsible for the majority silver demand. “Silver has been showing its two …
‘The white metal is also 40 times cheaper than gold. It doubles as both a precious and industrial metal and most of the silver used in industrial applications is consumed rather than recycled’. Year to date, silver prices have increased roughly 26%. Gold’s 12% rise pales in comparison. Silver is known as …
Its said that the action, which was scheduled to begin with the night shift and could involve tens of thousands of workers, will affect 3 main mines other smaller miners operating in the world’s fifth-largest producer of gold. Basically ‘the strike was called when wage talks broke down after the …
“We definitely have seen an increase in sellers. … But there are still quite a few buyers out there,” said Mike Anderson, a salesman with Tulsa Gold & Silver. Mike Orr, manager of Top Dollar Jewelry & Pawn, said he’s been surprised about how strong the price of gold has …
THE first metal that will be used to make London Olympics medals was handed over to organisers James Cracknell, who won rowing gold in the Sydney 2000 and Athens 2004 Games, said: “Nothing beats the incredible feeling of winning an Olympic medal. “Seeing the ore that will make the London …
Indonesia’s central government is offering a quarter of its 7 percent stake in the local unit of Newmont Mining Corp to the regional government where the company’s copper and gold mine is located, the finance minister said on Tuesday. “The reason is for the national interest. And we believe this …
Gold has fallen quickly after the Chinese government reported that it will raise reserve requirements for banks by another 50 basis points in the recent attempts to calm inflation. This is already the 6th increase in 6 months. The most recent consumer price index update shows that inflation in China …
The World Gold Council has published its “Gold Demand Trends” review. It shows that an astonishing 349 tonnes or 63% of world gold jewellery demand (557t) was accounted for by China and India in Q1 2011. Nick Moore, a gold and silver analyst at RBS comments: ”If we also add …
Silver is a very ductile and malleable (slightly harder than gold) monovalent coinage metal with a brilliant white metallic luster that can take a high degree of polish. It has the highest electrical conductivity of all metals, even higher than copper, but its greater cost has prevented it from being …
Gold is a chemical element with the symbol Au (from its Latin name aurum) and atomic number 79. It is a highly sought-after precious metal, having been used as money, as a store of value, in jewelry, in sculpture, and for ornamentation since the beginning of recorded history. The metal …