The average American has $90,460 in debt. This includes all forms of consumer debt products, from credit cards to personal loans, mortgages and student debt.Continue...Read More

"China may take countermeasures against any country or region that abuses export-control measures and poses a threat to China's national security and interests, according to the law." Continue...cRead More

"The 48 only relates to if we want to get it done before the election, which we do. We're saying to them, we have to freeze the design on some of these things - are we going with it or not and what is theContinue...Read More

Indian airport authorities discovered the man had about 2 pounds in bullion shoved into his rectum, according to a report.Continue...Read More

Many people have written in to ask about precious metals, what to buy, and where to store them. A number of people ask about storing at the Perth Mint or Continue...Read More

Here are five Fastmarkets stories you might have missed on Friday October 16 that are worth another look.Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) is set to reach full capacity by the end of November, with a planned restart for the idled blast furnace (BF) in the latter half...Read More

Here are five Fastmarkets stories you might have missed on Friday October 16 that are worth another look.Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) is set to reach full capacity by the end of November, with a planned restart for the idled blast furnace (BF) in the latter half...Read More

Here are five Fastmarkets stories you might have missed on Friday October 16 that are worth another look.Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) is set to reach full capacity by the end of November, with a planned restart for the idled blast furnace (BF) in the latter half...Read More

Central banks and bankers continue robbing the poor, favoring the rich, nd destroying the economy & currency. Silver at $1000 is not unrealistic. In fact... by Egon von Greyerz of Gold SwitzerlandThe Founding Father and President Thomas Jefferson understood the extreme danger in handing over the issuance of the money to the bankers:"The central bank is an institution of the most deadly hostility...Read More

RAPAPORT... Retail sales at Chow Tai Fook grew 2.6% year on year in the second fiscal quarter as a strong recovery in China outweighed continued weakness in Hong Kong.Sales rose 21% on the mainland while slumping 52% in Hong Kong and Macau during the period ending September 30, the jewelry retailer reported Thursday. Same-store sales - at branches open for at least a year - increased 11%...Read More

RAPAPORT... Rio Tinto's diamond production dropped in the third quarter amid lower mining grades at its Argyle deposit, the company reported Friday.Output at the Australian mine fell 10% year on year to 3.2 million carats in the three-month period ending September 30. Production was hampered by lower grades, as the company prepares to complete operations before the end of the year and shut the min...Read More

RAPAPORT... US retail sales rose in September, marking the fourth straight month of year-on-year gains, and nearly doubling August's increase, government data showed.Overall retail sales grew 5.4% compared to the same period last year, and 1.9% from the previous month, as consumers began purchasing for the holiday season, according to figures the US Census Bureau released Friday. That followed a 0...Read More

RAPAPORT... The US jewelry industry continued to downsize in the third quarter, with 101 companies leaving the business, according to new data from the Jewelers Board of Trade (JBT).Nine firms went bankrupt, while 37 dropped out due to mergers or takeovers, the JBT reported Thursday. A further 55 closed for other reasons.The number of exits plunged 65% compared with the same period of 2019. H...Read More

RAPAPORT... Alrosa gave a positive assessment of the diamond market ahead of the holidays after rough and polished trading picked up in the third quarter.The Russian company's rough-diamond sales climbed to $552.9 million during the three months ending September 30, compared with $74.1 million in the second quarter, it reported Friday. Sales declined 8% year on year, a less severe s...Read More

RAPAPORT... LVMH's jewelry and watch sales declined in the third quarter, even as a recovery in China buoyed sales, the company said last week.Revenue for the category fell 14% to EUR 947 million ($1.11 billion) for the three months ending September 30."A rebound in China was observed in the third quarter, but did not prevent the overall activity from dropping...in the period," the luxury group no...Read More

(IDEX Online) - Alrosa has effectively canceled its rough trading session for October to avoid over-supplying the market.The Russian miner reported totals sales of $336m in September, up almost a quarter on the same month in 2019, as it maintained a policy of offering discounts and flexibility.But while uncertainty persists over coronavirus it says it is keen to service only genuine demand from bu...Read More

(IDEX Online) - Mountain Province Diamonds announced a 17 per cent increase in carats recovered from its Gahcho Kue mine.It said it had adapted to COVID-19 work practices and concentrated its efforts on a pit yielding higher grade diamonds.The Canadian miner recovered a total of 1,794,408 carats in Q3, up from 1,528,494 carats for the same period in 2109.It holds a 49 per cent stake in the mine (p...Read More

(IDEX Online) - Lucapa is considering an expansion of its Mothae mine, in Lesotho, southern Africa, after a significant increase in diamond resource estimates.The Australia-based miner says a total JORC classified indicated resource has been estimated for 9.2 million tonnes containing ~280,000 carats of diamonds at a diamond grade of 3.10 carats per one hundred tonnes and an average un-escalated m...Read More

Many people have written in to ask about precious metals, what to buy, and where to store them. A number of people ask about storing at the Perth Mint or some designated metal storage facility. There are many different places for storage. However, I would not store anything with any government facility whatsoever. Even when gold was confiscated in 1934, they seized all gold on deposit at any bank....Read More

Like a lot of other outdoor pursuits that allow practitioners to socially distance,prospecting has taken off during the pandemic.Read full newsRead More