Many individuals are perplexed about the current low gold prices especially with all the madness in the world. It just doesn’t make sense. While the U.S Federal Reserve (Fed) has backed off from printing money, the other major central banks continue to print.
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For the first time in weeks, the U.S. Mint’s authorized purchasers did not buy that week’s full allocation of American Eagle silver bullion coins in the first two days of sales. Instead, the U.S. Mint sold 92.6 percent of its weekly allocation of American Eagle silver bullion coins within two days. The coins became available Oct.
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Stocks pain has turned into gold’s gain. Gold prices soared to a one-month high Thursday as fears of a global slowdown have investors seeking so-called safe haven assets like bonds and bullion. And according to Dennis Gartman, often referred to as the “commodities king,” the rally in gold could just be starting.
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