Investors in Kentucky who deal in gold and silver bullion and coins feel that the state is double taxing them with 6 percent sales tax.
State Sen. John Schickel, R-Union has necessitated the need to exempt precious metal bullion or legal tender coins from the state’s sales tax levy. Gold, silver and other precious metal investors pay a sales tax beforehand plus capital gains tax when they sell it. Continue reading
The Chinese Gold & Silver Exchange Society (CGSE) aims at the bright future of silver trade in Hong Kong and plans to step forward to play a larger role in silver trade. Continue reading
The Beijing International Coin Exposition saw a display of two special coins minted from the Perth Mint, featuring depictions of the Australian Kookaburra and Kangaroo.
Weighing 31.135 grams, the 99.9% pure silver coins are in full colour with a diameter of 40.60 mm. Each coin, on show at the exposition comes with a colored, slide out display card and outer shipper. The Perth Mint will ship only 5,000 of the limited edition coins. Continue reading
Fractional Set Silver Maple Leaf/Royal Canadian Mint
The five coin fractional set with Mint’s Silver Maple Leaf bullion was first minted in 1988 and celebrates it’s 25th anniversary this year. Continue reading
A while ago, silver prices was slowly surging in an undetected manner. However, its counterpart, gold, outshone the white metal regardless of its better performance and huge profits. Continue reading
WN Photo
The Royal Canadian Mint has issued a public offering of exchange-traded receipts (ETRs) under the new Canadian Silver Reserves Program. Each ETR is the proof of ownership of physical silver bullion, held with the Mint at its reserve facilities. The Canadian Silver Reserves Program, denotes further expansion of the Mint and its success in core bullion as well as refinery. Continue reading
The rising prices on silver have been attributed to India’s renewed interest in the white metal. In the third quarter of 2012, silver prices rose 25% thanks to increased volatility and healthy returns on silver ETFs. This change in behavior has subsequently attracted investors who have typically favored gold investments, including gold’s own country – India. Continue reading
American Silver Eagle Reverse
According to the latest report of the United States Mint, sales of silver bullion coins rose 13.4 % in September; the highest since January.
The sale of American Eagle Silver bullion coins in September amounted to 3,255,000 ounces compared to 2,870,000 ounces in August. Continue reading
ETF stands for an “Exchange Traded Fund”, a type of investment. Silver ETF is an investment plan where one invests the money in silver investment market.
ETFs of any commodity can be traded as shares on several stock exchanges around the world. However, the intricacies of the way the ETFs work are defined differently in different parts of the world though there are some global elements of an ETF. Continue reading
For the last 10 years, silver prices have jumped astronomically even when compared to silver. However, unlike gold, there was a significant drop in silver prices last year after a 10 year high. Silver presents a great opportunity for investors today, as in spite of low prices last year, the demand for silver stays at record levels. Continue reading
