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Perth Mint’s rare $1.8m coin trilogy sold

July 7, 2017 in Australian Coins, Coins, Coins for sale, Collecting, Commemorative, Gold, Gold Coins, History, News, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals

By: Coin Update News.CoinUpdate.com (Coin Update News)

The following is a courtesy post from our sister site World Mint News Blog.

The pinnacle of the Perth Mint’s long-term association with Rio Tinto and Argyle Pink Diamonds, the Australian Trilogy is an incomparable combination of precious metals and rare, natural, fancy-colored diamonds unearthed from the Argyle Diamond Mine in the east Kimberley region of Western Australia.

“This coveted collection of diamond-studded gold and platinum coins has raised the bar on the concept of ‘unique collectable,’ exemplifying the quality craftsmanship for which the Perth Mint and Argyle Pink Diamonds are renowned,” said Perth Mint chief executive officer Richard Hayes.

Since the… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Australian premier unveils Perth Mint’s rare $1.8m coin trilogy

June 15, 2017 in Australian Coins, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Gold, Gold Coins, Investing, New Releases, News, Numismatica, Numismatics, Perth Mint, Platinum, Platinum Coins, Precious Metals, Press Releases, World Coins

By: Press Release News.CoinUpdate.com (Coin Update News)

On June 7, the premier of Western Australia, the Honorable Mark McGowan MLA, unveiled a $1.8 million, one-of-a-kind coin collection struck by the Perth Mint.

The Australian Trilogy celebrates a selection of the nation’s natural treasures and is the Mint’s most significant numismatic release for 2017. In a convergence of color and light, the collection showcases three of Australia’s most beloved fauna on three precious-metal kilo coins. Each coin is hand set with a natural, fancy-colored diamond from Rio Tinto’s Argyle Diamond Mine.

Officiating at the event, the premier said that the creation of such an exceptional collector’s item reinforces Australia’s… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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New to bullion investing? Important guidelines to get you safely started

March 17, 2017 in Bullion, Coins, Collecting, Education, Gold, Gold Bullion, Gold Coins, Investing, News, Numismatica, Numismatics, Opinion, Platinum, Platinum Coins, Precious Metals, Silver, Silver Coins, USA Coins

By: Coin Update News.CoinUpdate.com (Coin Update News)

Student loans, auto loans, home mortgages, and similar expenditures are major financial milestones—most people encounter one or more of them at some point in life. If you don’t have direct experience in these areas, you almost certainly know someone who does, and they can point you in the right direction.

Investing in coins or precious metals, on the other hand, is very different. If you aren’t already in the know, chances are your friends and relatives aren’t, either. Lack of information leaves people especially vulnerable to fraud, whether it’s malicious (as with counterfeit coins) or simply ignorant (overcharging for legitimate items… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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The Final Verdict? U.S. Mint 225th Anniversary Design

September 21, 2016 in Coins, Collecting, Events, History, News, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals, Proof Coins, US Mint, USA Coins

By: Coin Update News.CoinUpdate.com (Coin Update News)

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Last Friday (September 16), the Citizens Coinage Advisory Committee (CCAC) held its scheduled meeting at the United States Mint in Washington, D.C. On the agenda were the candidate designs for the 2018-2020 American Eagle Platinum Proof Program “Life, Liberty, and the Pursuit of Happiness,” as well as the election of jurors for the Breast Cancer Awareness Commemorative Coin Design Competition. Members of the public were invited to attend the open session of the meeting.

The closed, administrative portion of the meeting included a discussion of the Mint’s 225th anniversary coin, complete with the examination of a test strike. The final design… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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U.S. Mint Shares Design Candidates for 2018-2020 American Eagle Platinum Proof Coins

September 15, 2016 in Blogs, Coins, Design, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals, Proof Coins, US Mint, USA Coins

By: Mint News Blog Mint News Blog (http://mintnewsblog.com)

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The U.S. Mint has shared potential designs for its upcoming 2018, 2019, and 2020 American Eagle Platinum Proof coins. The designs will be discussed at the next Citizens Coinage Advisory Committee Meeting, scheduled to take place tomorrow, September 16. The candidates are included below with an introduction and descriptions provided by the Mint.

Since its inception in 1997, each American Eagle Platinum Proof Coin has shared a common obverse that features a portrait of Liberty. The reverse has been host to a variety of themed series (Vistas of Liberty, Preamble to the Constitution and Torches of Liberty)… Full article at the source>

Source: Mint News Blog (http://mintnewsblog.com)

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CCAC Will Meet to Discuss Designs for 2018, 2019, and 2020 Platinum Eagle Proof Coins

September 3, 2016 in Coins, Collecting, Commemorative, Design, Education, Events, History, News, Numismatica, Numismatics, Platinum, Platinum Coins, Proof Coins, US Mint, USA Coins

By: Dan Holmes News.CoinUpdate.com (Coin Update News)

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2016 American Eagle Platinum Proof Coin

The Citizens Coinage Advisory Committee (CCAC) has announced that it will hold a meeting at 10 a.m. ET on Friday, September 16. The agenda for the meeting states that the committee will consider design candidates for American Eagle platinum Proof coins to be released in 2018, 2019, and 2020. Platinum Proof Eagles issued during those years will carry designs representing the theme of “Life, Liberty, and the Pursuit of Happiness.”

The Committee will also elect jurors for the Mint’s ongoing Breast Cancer Awareness Commemorative Coin Design Competition, which will give a member… Full article at the source>

 

Source: News.CoinUpdate.com (Coin Update News)

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U.S. Mint 2016 Bullion Sales Update: Platinum, Gold, and Silver Prices Rise

August 1, 2016 in Blogs, Bullion, Coins, Coins for sale, Collecting, Gold, Gold Bullion, Gold Coins, Gold Eagles, History, Investing, News, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

By: Dan Holmes Mint News Blog (http://mintnewsblog.com)

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Gold, silver, and platinum have all gained in value during the past week, making it an apt time to look at recent trends in U.S. Mint bullion sales. Platinum in particular has been quite visible of late, with prices rising just as the Mint begins issuing its 2016 American Eagle one-ounce platinum bullion coins.

As noted on Monday, the Mint began accepting orders for bullion Platinum Eagles on July 25. Authorized purchasers (AP’s) scooped up an impressive 17,100 pieces in one day, giving this year’s one-ounce Platinum Eagles their fifth-highest mintage ever. On Tuesday another 1,300 coins were sold…, Full article at the source>

Source: Mint News Blog (http://mintnewsblog.com)

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Over 17,000 2016 Platinum Eagle Bullion Coins Sold on First Day

July 26, 2016 in Blogs, Coins, Coins for sale, Collecting, Investing, New Releases, News, Numismatica, Numismatics, Offers, Opinion, Platinum, Platinum Coins, Precious Metals, Proof Coins, US Mint, USA Coins

By: Dan Holmes Mint News Blog (http://mintnewsblog.com)

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The U.S. Mint opened sales of 2016 American Eagle One-Ounce Platinum Proof Coins today, a release that was met with enthusiasm from the Mint’s authorized purchasers (AP’s). According to the most recent bullion sales numbers, the Mint sold 17,100 Platinum Eagles today, quite a large total when considered alongside the total mintages for one-ounce Platinum Eagles from other years.

At 17,100 pieces sold, the 2016 bullion APE’s now have the fifth-highest mintage ever for these issues, which were initially issued in 1997. The first three years these coins were available — 1997, 1998, and 1999 — the… Full article at the source>

Source: Mint News Blog (http://mintnewsblog.com)

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2016-W American Platinum Eagle: How Does Quick Sellout Impact Aftermarket? 

July 5, 2016 in Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Education, History, New Releases, News, Numismatica, Numismatics, Offers, Platinum, Platinum Coins, Precious Metals, Proof Coins, US Mint, USA Coins

By Louis Golino News.CoinUpdate.com (Coin Update News)

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On May 26, as collectors waited to find out when the 2016-W Centennial Gold Standing Liberty Quarter and other highly-anticipated issues will launch this year, the Mint surprised everyone by announcing that the 2016-W $100 American Platinum Eagle Proof coin would be released on June 30.

Last year’s release in this popular series was not available until last December due to problems sourcing sufficient supplies of platinum planchets. But this year the Mint reported having fewer problems in that regard, though it is still not clear if there will be no one-ounce bullion coin for the second year in a row. Two-Year… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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CCAC Recommends Designs for Key 2017 Releases

March 17, 2016 in Coins, Collecting, Commemorative, Design, Education, Gold, Gold Coins, History, News, Numismatica, Numismatics, Platinum, Platinum Coins, Silver, Silver Coins, US Mint, USA Coins

By: Coin Update News.CoinUpdate.com (Coin Update News)

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The Citizens Coinage Advisory Committee met yesterday to consider a large group of images as possible obverse and reverse designs for the 2017 20th Anniversary American Eagle Platinum Proof Coin, the 2017 American Liberty High Relief Gold Coin and Silver Medal, and the 2017 Boys Town Centennial Commemorative Coin Program.

The committee’s recommendations are provided below, will brief descriptions based on a press release provided by the U.S. Mint. The Commission of Fine Arts will also review the design candidates on March 17 and put forward their own choices to be considered by the Treasury….

Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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2015 American Eagle Platinum Proof Coin Sells Available Inventory in Minutes

December 4, 2015 in Bullion, Coins, Coins for sale, Collecting, Investing, New Releases, News, Numismatica, Numismatics, Platinum, Precious Metals, Proof Coins, US Mint, USA Coins

By: Dan Holmes News.CoinUpdate.com (Coin Update News)

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Last week, the Mint made a surprise announcement the day before Thanksgiving: the 2015 American Eagle One Ounce Platinum Proof Coin would be released days later, despite the Mint’s reported problems procuring the platinum planchets necessary to move forward with the issue. In part because of this planchet shortage, the coin was given the low mintage limit of 4,000 pieces; when it was released today at noon, it wasn’t long before collectors exhausted the available inventory.

The 2015 Platinum Proof Coin went into “Currently Unavailable” status on the Mint’s Web site less than 10 minutes after it… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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2015 American Eagle One Ounce Platinum Proof Coin

November 25, 2015 in Blogs, Coins, Coins for sale, Collecting, Collector Sets, New Releases, News, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals, Press Releases, Proof Coins, US Mint, USA Coins

By: Mint News Blog Mint News Blog (http://mintnewsblog.com)

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The U.S. Mint has given us a bit of a surprise as we head into the Thanksgiving holiday: the 2015 American Eagle One Ounce Platinum Proof Coin will be released this year after all, just eight days from now on December 3. The item’s mintage and order limits are set relatively low at 4,000 pieces and 1 per household, respectively, and its price is currently set at $1,250.

As noted previously, the designs for 2015 and 2016 Platinum Eagle Proof reverses have been given the theme of “Torches of Freedom,” and will each feature a depiction… Full article at the source>

Source: Mint News Blog (http://mintnewsblog.com)

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OCTOBER 2015 New Product Bulletin – out today

October 6, 2015 in Australian Coins, Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, History, Investing, New Releases, News, Numismatica, Numismatics, Perth Mint, Platinum, Platinum Coins, Precious Metals, Silver, Silver Coins, World Coins

By: Blog Team Perth Mint Blog

This month’s new coin bulletin introduces superb coloured versions from the 2016 Year of the Monkey coin program and the stunning Lunar Typeset Collection featuring proof, bullion coloured and gilded Monkey coins each made from 1oz of pure silver.

Continuing with the Chinese theme, Five Blessings is an intricate silver release portraying five bats, culturally symbolic of longevity, wealth, health, virtue and the desire to die a natural death in old age!

Among the latest releases depicting our iconic Australian fauna is a new addition to the Australian Wedge-tailed Eagle suite of coins. Crafted from 99.95% pure platinum, it is exceptionally rare… Full article at the source>

Source: Perth Mint Blog

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PNG Creates Accredited Precious Metals Dealer Program

September 22, 2015 in Bullion, Coins, Collecting, Education, Gold, Gold Bullion, Gold Coins, Gold Eagles, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Platinum, PNG Professional Numismatists Guild, Precious Metals, Press Releases, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

For immediate release
September 22, 2015

News media contact:
Robert Brueggeman, (951) 587-8300

PNG Creates Accredited Precious Metals Dealer Program

 

PAmerican Eagle Gold Bullion Coins Photo credit: Photo by Donn Pearlman. All rights reserved.

American Eagle Gold Bullion Coins
Photo credit: Photo by Donn Pearlman. All rights reserved.

(Temecula, California) — The Professional Numismatists Guild (www.PNGdealers.org), a non-profit organization founded in 1954 and composed today of many of the country’s top rare coin, banknote and precious metals dealers, has now created the PNG Accredited Precious Metals Dealer (PNG-APMD) program (www.PNGdealers.org/apmd).  The new accreditation program is intended to help the public learn about bullion coins and ingots, and avoid problems when they make purchases or sell.  

PNG officials caution that recent cases involving non-PNG dealers in California and Texas who failed to deliver gold coins ordered by customers underscore the crucial need for investors to know their precious metals dealer before buying or selling.

“If you don’t know bullion coins, you’d better know your precious metals dealer,” said Robert Brueggeman, PNG Executive Director.

All PNG member-dealers already must adhere to a strict code of ethics in the buying and selling of numismatic material (www.pngdealers.org/png-code-of-ethics). PNG-AMPD members now must also follow an additional code specifically regarding the buying and selling of bullion coins and ingots.

As part of the 20-point PNG-AMPD code of ethics, accredited dealers pledge to promptly deliver precious metals they sell unless otherwise agreed between the dealer and customer, and to promptly pay for precious metals they purchase unless otherwise agreed in writing between the dealer and customer.

They also pledge to furnish “sound educational resources to my non-professional customers on precious metals matters” to the best of their abilities, and must consent to PNG arbitration of all disputes involving the purchase, sale, or trade of numismatic or related items.

The complete code of ethics and list of PNG-APMD dealers can be found online at www.pngdealers.org/apmd.

“In recent weeks, there have been reports of investigators claiming customers of a Costa Mesa, California dealer reportedly failed to receive more than $17 million of gold coins they ordered.  And investigators in Austin, Texas are trying to locate an estimated $30 million of precious metal coins and cash missing from a dealer there who allegedly failed to deliver promised orders.  It is crucial that you deal only with reputable experts,” emphasized PNG President Dana Samuelson.

(Read a story about the California dealer here: http://www.ocregister.com/articles/tulving-682606-customers-coin.html.  A story about the Texas dealership is here: http://www.mystatesman.com/news/news/local/downtown-austin-vault-of-precious-metals-turns-up-/nnYS2/.)

For additional information about the Professional Numismatists Guild and the PNG Accredited Precious Metals Dealer, contact the PNG by phone at (951) 587-8300 or by email at info@PNGdealers.org.

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2015 Platinum Eagle Update and FS Medal Set Release

September 21, 2015 in Blogs, Coins, Coins for sale, Collecting, Collector Sets, History, New Releases, News, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals, Proof Coins, US Mint, USA Coins

By: Mint News Blog Mint News Blog (http://mintnewsblog.com)

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The U.S. Mint has released an image of the reverse of the 2015 American Eagle 1 oz. Platinum Proof Coin.

The designs for 2015 and 2016 Platinum Eagle Proof reverses have been given the theme of “Torches of Freedom,” and will each feature a depiction of Liberty carrying a torch. The above 2015 design was created by Joel Iskowitz and depicts Liberty approaching a bald eagle to illustrate the idea communicated by the design’s title, “Liberty Nurtures Freedom.”

The coin’s obverse features John Mercanti’s rendering of Liberty, first introduced on Platinum Eagles in 1997… Full article at the source>

Source: Mint News Blog (http://mintnewsblog.com)

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The Sun Will Shine Soon on Precious Metals

September 17, 2015 in Blogs, Bullion, Coins, Gold, Gold Coins, Investing, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals, Silver, Silver Coins, US Federal Reserve, US Mint, USA Coins

By: American Federal American Federal Rare Coin and Bullion

I recently was reading an article by a chartist I have followed for quite some years. He has been right on the money, calling moves in both the stock market and the precious metals markets. If you care to check him out his name is Clive Maund. You can easily find him on the internet. In fact, I stole this headline from him.
Clive has warned investors of the big drop in the stock market and feels we could see another drop of as much as 2000 points.

The reason I follow people who look not just at fundamentals… Full article at the source>

Source: American Federal Rare Coin and Bullion

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Metals Break Out Higher

August 13, 2015 in Blogs, Gold, Gold Bullion, Investing, News, Numismatica, Numismatics, Opinion, Platinum, Precious Metals, Silver

By: American Federal American Federal Rare Coin and Bullion

Platinum booklet tilted left

The Precious metals have finally broken out of the downturn and everything points towards a continuing rally.

I mentioned the fact that gold, silver and platinum would likely move higher in the near future on my weekly radio show “Good as Gold” here in Phoenix (You can actually listen from anywhere in the country by visiting my website www.goodasgoldadvice.com.) On air I talked about the metals being in a much oversold position. The bullish sentiment actually reached 0%! This is something that has only happened a few times in recent history, once when gold crashed in 2008… Full article at the source>

Source: American Federal Rare Coin and Bullion

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Palladium – The Lesser Known Precious Metal

June 27, 2015 in Blogs, Bullion, Investing, Numismatica, Numismatics, Palladium, Platinum, Precious Metals

By: American Federal American Federal Rare Coin and Bullion

1 oz palladium maple leaf
Palladium has recently felt the effects of slow auto sales in China. Auto sales in emerging markets, specifically China, were growing at record breakneck rates, however that has not been the case for 2015.

 

After sales grew at 3.9% year over year the 1st quarter of 2015 they have stalled out. Slower sales couple with the strong dollar have created a negative sentiment in the Palladium market.

That said, you have to realize that China alone is a giant with pent up demand that will explode at some point in the near future. I find it inconceivable that the… Full article at the source>

Source: American Federal Rare Coin and Bullion

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COMING SOON The Limited Edition Argyle Pink Diamond 10oz Platinum Ingot

August 28, 2014 in Blogs, News, Numismatica, Numismatics, Perth Mint, Platinum, Precious Metals

By Blog Team (Perth Mint Blog)

Argyle_Pink_Diamond_Platinum_Ingot

BEYOND RARE: The Perth Mint and Argyle Pink Diamonds unite to present an exclusive 10oz pure platinum ingot hand set with exquisite intense and vivid pink diamonds. For sheer exclusivity, just six of these exceptional 10oz Platinum Ingots will ever be released – coming soon!

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Full article at the source>

Source:: Perth Mint Blog

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U.S. Mint Platinum Coins Bypassed in Rush for Gold

August 22, 2014 in Coins, Collecting, News, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals, US Mint, USA Coins

By Debarati Roy.  Aug 21, 2014 (http://www.bloomberg.com/)

Five months after the U.S. Mint began producing coins made with platinum, sales have all but collapsed as investors continue to favor gold and silver.

“It’s not considered a currency,” said Jason Carstensen, a medical-sales representative in Ventura, California, who spends about $2,000 a month on coins. Gold and silver have value as hedges against a devaluation of the dollar, while platinum is viewed as an industrial commodity, he said.

Full article at the source>

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American Platinum Eagle Bullion Coins Return

March 6, 2014 in Bullion, Coins, Collecting, News, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals, Proof Coins, US Mint, USA Coins

March 5, 2014 By Michael Zielinski (http://news.coinupdate.com/)

The United States Mint has resumed minting American Platinum Eagle bullion coins after more than a five year gap. Production had been suspended in late 2008 in order to devote additional resources to the production of gold and silver bullion coins.

The American Platinum Eagle was introduced in 1997, complementing the US Mint’s existing gold and silver bullion coin offerings. The platinum coins were struck in .9995 purity and available in one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce sizes carrying legal tender values of $100, $50, $25, and $10, respectively. Similar to other US Mint bullion products, the coins were distributed through a network of authorized purchasers.

Full article at the source>

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US Mint Sales Report: 2014 Kennedy Half Dollars Debut

February 20, 2014 in Coins, Collecting, Gold, Gold Coins, Half Dollars, News, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals, Silver, Silver Coins, US Mint, USA Coins

February 18, 2014 By Michael Zielinski (http://news.coinupdate.com/)

The latest weekly report of the United States Mint’s numismatic product sales includes the debut figures for the 2014 Kennedy Half Dollar bags and rolls as well as the Great Smoky Mountains National Park Quarter Three Coin Set.

The US Mint began accepting orders for the circulating quality 2014 Kennedy Half Dollars in bags and rolls on February 13, 2014. The products consisted of a two roll set containing one 20-coin roll each from the Denver and Philadelphia Mints and a 200-coin bag containing 100-coins from each mint. This year marks the 50th anniversary of the coin series issued to honor President John F. Kennedy following his assassination. In addition to the typically offered bags and rolls, the US Mint also has plans for special anniversary products to be released later in the year.

Full article at the source>

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US Mint Sales Report: Sales Conclude for Multiple 2012 & 2013 Products

January 3, 2014 in Coins, Collecting, Commemorative, Gold, Gold Buffalo, Gold Coins, Gold Eagles, Half Dollars, Morgan Silver Dollars, News, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals, Proof Coins, Quarters, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

January 2, 2014 By Michael Zielinski   (http://news.coinupdate.com/)

The weekly United States Mint numismatic product sales report includes the latest figures for multiple 2012 and 2013 products which recently concluded sales. The first available numbers for multiple recently released products are also available.

In early December, the US Mint announced their “Last Chance” sale, which gave collectors their final opportunity to place orders for many 2012 and 2013 numismatic products. The products included the 2013 commemorative coins, 2012 First Spouse Gold Coins, 2012 Proof Platinum Eagle, and the 2012 America the Beautiful Quarters Silver Proof Set. Sales were scheduled to conclude on December 31, although several products sold out early as US Mint inventory levels were exhausted. The sales cut off date for this week’s report is December 29, meaning that figures could still show movement in the following week’s report.

Figures of note for the “Last Chance” products include the individual 2013 5-Star Generals Gold Coins, which show sales of 5,674 for the uncirculated version and 5,950 for the proof version. The proof coin was also included in the 3-Coin Proof Set with reported sales of 9,999 units. There has been significant secondary market price movement for these coins, which concluded sales at historically low levels.

Full article at the source>

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Texas eliminates sales tax on precious metal coins

October 4, 2013 in Coins, Gold, Gold Bullion, Gold Coins, Investing, News, Platinum, Platinum Coins, Precious Metals, Silver, Silver Coins

andmark legislation, which went into effect Tuesday in Texas, completely eliminates all taxation of precious metals on the grounds that gold and silver can be considered a currency.

Author: Dorothy Kosich Oct, 2nd 2013 (http://www.mineweb.com)

As of October 1, the sales tax levied on purchases of gold, silver and platinum bullion and numismatic coins in Texas is now eliminated. It is the first time that a state has expanded an existing sales tax exemption for gold and silver.

Previously, Texans were paying 6.25% on all precious metals purchases under $1,000, a tax that was considered especially burdensome to small investors. Gov. Rick Perry signed H.B. 78 into law on June 14.

The legislation puts precious metals on a level playing field with other investments. Proponents of the legislation had asserted the exemption would attract coin shows, auctions and other events to Texas

Full article at source>

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Gold not dazzling you? Try Silver or Platinum

August 6, 2013 in Gold, Investing, News, Platinum, Precious Metals, Silver

August 5, 2013 The Tell. The Markets News and Analysis Blog (http://blogs.marketwatch.com/thetell/)

While gold hangs in there at $1,300 an ounce, the story surrounding platinum and silver seems to be offering a little more excitement for investors as they wait for September and more Fed direction to roll around.

Gold ETP  (exchange-traded product) holdings have sunk to their lowest since May 2010, says a Barclays estimate of recent CFTC data. Exchange-traded products, which include the behemoth SPDR Gold, had outflows of 59 metric tons in July, the investment bank wrote — and even some modest inflows last week reverted to net outflows by the end of the week. Year to date, net redemptions for gold ETPSs have reached 653 metric tons, or 24% of holdings.

The bank is among those who have been saying that gold GCQ3  needs physical demand for prices to respond again and those buyers may not return until September.

Full article at source>

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