Starting 2025, silver became more expensive in Poland. However, this happened not in the way we would like, but through the implementation of 23% VAT. And there has also been a lot of recent talk about trade tariffs. Does this mean that investing in silver has just become unprofitable? Quite the contrary, as we will try to prove in this analysis.
In the recent years a lot has been written on El Salvador regards to its president, uncompromised fight against organized crime and Bitcoin related policies. On 6th of December 2024, its president – Nayib Bukele – made a speech on immense yet unmined gold and other metal reserves. What is it all about then, and are they really worthy 3 trl USD, as he said?
This is a story of past silver purchase that cornered Comex participants. Between 1997 – 1998, Warren Buffett purchased 4.000 t. in weight of silver, which eventually had been sold by 2006. And as kind reader might expect, there is more behind a story than often is being considered as simple purchase-hold-sell transaction.
Today we’ll try to answer question about the size of the precious metals market. This is a legitimate question in the context of recent price increases, but at the same time it should give esteemed readers some perspective and scale of comparison against other asset classes.
We continue our considerations on the subject of historical economy for connoisseurs and not only. We’re discussing history of gold and its use in Bolshevik Russia and USSR in the years 1918-1991.
We continue our considerations on the subject of historical economy for connoisseurs and not only. We’re discussing history of gold and its use in Bolshevik Russia and the USSR in the years 1918-1991.
This time we have a pleasure to present subject from the field of historical economy for connoisseurs and not only. What we’d like to discuss in this series of articles is history of gold and its usage in Bolshevik Russia and USSR between 1918-1991.
US presidential elections set for 5th November are cherry on the top and grand finale of 2024 – year tightly packed with local, parliamentary and presidential elections held worldwide. But none are perceived as more important than those in US. Especially in times of such extreme polarisation and geopolitical turmoil.
Long awaited rate cut from Federal Reserve has arrived on 18th of September. Despite of predominantly expected 0.25%, we received 0.5% instead. What repercussions such move may have in general? What drove such decision? And most importantly what to expect for precious metals?
Dollar is king among assets held by central banks – no doubts about that. Until recently, currency of European Union maintained prestigious second position, however according to some estimations, it seems such just recently changed.
Everyone interested in gold mining knows that main producing countries are China, Russia and Australia. It’s also common knowledge that it is Africa, Asia, and Central & South America who dominate analysis on geographical gold distribution. But there is also one region, which usually doesn’t receive enough coverage, or at least not enough to what it deserves. This is Central Asia.
Recent price developments on precious metals are eye feastening to gold and silver investors. And in recent development, silver broke its leash, and for the first time in years, firmly crossed solid resistance at 30 USD. Today, we’ll focus on silver’s price action occurred in second half of May 2024.
