Precious metals News

New York - Following a report by Goldman Sachs and the news Cyprus would be selling a significant portion of its gold reserves, gold and silver dipped at the end of the Friday trading session. On Monday, it fell even more.

After months of trying to sell his one ounce gold coin on the street, Mark Dice has finally cashed in his coin, proving to YouTube viewers that authentic gold really is worth a lot of money.

A company known as Planetary Resources, which is being backed by multiple billionaires including James Cameron, is hoping to find asteroids in space and mine them for materials which are running low on earth.

In a press announcement made yesterday, the Canadian Mint said that the independent audit failed to account for its reported missing gold, silver and other precious metals.

Canada's head-scratching puzzle as to where its "missing" precious metals disappeared to, worth an estimated $10 million, have long been suspected to be the result of some sort of error. Now it seems that the metals might be still be at the mint.

South African gold and platinum operations are closing down their operations due to an electricity emergency, fears of miners being trapped due power failure has pushed the closings, in response gold prices soared.