Bullion – DIGIT INFO

Costo sells out of gold bars, but is it a better investment than Bitcoin?

Gold bars recently sold out at Costco, reflecting investors’ souring mood about the economy. Is there a silver lining for Bitcoin?

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Report: Perth Mint Faces $9 Billion Recall From China Over ‘Doped’ Gold Scandal

Perth Mint, Australia’s official bullion mint, currently faces a $9 billion recall from China for allegedly selling “doped” bullion and attempting to cover it up, as reported by Australia’s ABC News. The practice of doping gold involves adding impure ore like silver to the mix to cut costs and lower the quality of gold. Reportedly, […]

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UK’s Royal Mint Reveals Record Profits Amid Significant Demand for Physical Gold and Silver

While the price of gold has dropped in value from the asset’s all-time high on March 8, the U.K.’s oldest precious metals (PMs) company, the Royal Mint, saw record profits over the last 12 months. In fact, the Royal Mint’s annual earnings show the firm has seen the highest profits in 12 years, with PMs […]

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Report: UK Gold Dealer Sold Out of Bullion After Pound’s Record Fall Causes Demand to Skyrocket

The United Kingdom-based gold dealer, Ash Kundra, has claimed that he recently ran out of gold coins and bars after the demand for the precious metal skyrocketed. The pound’s plunge to a record low versus the dollar, as well as the turmoil in financial markets, is said to be the cause of the sudden increase […]

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Gold Spikes Higher as Fed’s Minutes Report Looms, Central Bank Bullion Purchases Begin to Swell

After a long break, monthly purchasing data shows that central banks are buying gold again. The World Gold Council says throughout March and April, the organization recorded a higher level of central bank monthly gold purchases and the latest data from May shows the exact same trend. Gold Rises After Data Shows Central Bank Gold […]

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Silver Squeeze Goes Viral, Ounce of Ag Jumps Above $30, Wallstreetbets Fans Question Trend’s Legitimacy

This past week, another social media trend started on the Reddit forum r/wallstreetbets, which aims to initiate a large silver short squeeze in order to push the price of the precious metal to $1,000 per ounce. However, the silver squeeze trend comes with controversy, as numerous wallstreetbets supporters believe hedge funds like Melvin Capital and […]

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As Gold Touches New Highs Investors Face Storage Issues, Market Dilution, Threat of Seizures

As Gold Touches New Highs Investors Face Storage Issues, Market Dilution, Threat of Seizures During the last few weeks, gold has skyrocketed in value over the concerns fueled by the faltering global economy. Despite the fact that gold has always been a safe-haven, many investors are looking to bitcoin because they fear central banks will dilute the market or even confiscate the gold. Prior to Covid-19, central banks purchased […]

The post As Gold Touches New Highs Investors Face Storage Issues, Market Dilution, Threat of Seizures appeared first on Bitcoin News.

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Online Bullion Marketplace Onegold Sees $50 Million in Crypto Payments

On January 13, the online bullion marketplace Onegold announced the launch of a new mobile application so customers can buy, sell or redeem precious metals at any time. Since 2018, Onegold has accepted cryptocurrencies like BCH and BTC and the firm currently gives customers a 2% discount for paying with cryptocurrencies. According to Bitpay, Onegold […]

The post Online Bullion Marketplace Onegold Sees $50 Million in Crypto Payments appeared first on Bitcoin News.

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The Perth Mint Issues a Digital Token Backed by Physical Gold Reserves

TheMerkle Hive Drops Gold Mining Cryptocurrency The issuance of new digital currencies has almost become a given in this day and age. Not all of these currencies are linked to companies active in the world of blockchain and cryptocurrency. The Perth Mint Gold Token is a good example. It is issued by a recognized financial institution and aims to revolutionize payments. Back to the Gold Standard? It is somewhat remarkable to see so many companies and service providers show a desire to go back to a form of money tied to physical gold. Although the gold standard was removed from the equation many decades ago, there

The post The Perth Mint Issues a Digital Token Backed by Physical Gold Reserves appeared first on The Merkle Hash.

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