BullionBullion News

Bullion Review: May 20th – May 24th

Updated with new articles throughout the week!

1. Russia Only Needs a $2000 Gold Price To Back The Rouble

Central banks continue to buy gold at frantic rates, and so does Russia.  It’s clear that Russia is in a great position with regard to its finances.

While Russia only needs a $2000 gold price to back the rouble, it’s a very different story for the US. Now it’s looking like a $10,000 gold price to back to US dollar is way too low…



2. Bitcoin Vs. Gold – Which to invest in?

Off the back of bitcoin’s $4,000 to $8,000 rally, bitcoin billionaire Barry Silbert launched the “Drop Gold” campaign, encouraging investors to move to bitcoin.   In response, Pierre Lassonde and Bill Fleckenstein have had their say:

For what it’s worth, no central bank in the world has diversified into bitcoin, but many countries such as Russia, China, and many other Eastern hemisphere nations, have been on a gold buying spree as a way to diversify their reserves.



3. Silver Miners Are Paying The Market $2 To Take Their Silver

This Silver Doctors live video touches on the “cost of production” topic and has revealed that top primary silver miners are losing $2 an ounce to produce and sell silver.  Listen to the full story below:

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KJC Team

The Blog Team at KJC Coins Australia strives to bring you the latest happenings in the bullion market, new releases in numismatic and bullion products and in depth tips & tricks of the trade in a creative & easily digestible way. Keep up to date with us - we're only just getting started!

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