Gold and silver prices were on the move this week, with the former rising above US$2,370 per ounce on Friday (May 10), and the latter hitting US$28.67 per ounce that same day. Both pulled back slightly to finish.
While 39 percent of US adults have a “great deal” or a “fair amount” of confidence that he will do the right thing for the economy, that’s up only 3 percent from a year ago, when Powell was taking heat for rising prices.
Confidence in Powell is much higher among Democrats than Republicans at 56 percent vs. 30 percent.
Another chain, called GS25, is even selling gold wafers from vending machines.
Back in 2017, Argentum recovered the silver from a WWII-era shipwreck in the Indian Ocean. It launched a claim for salvage, but South Africa said it was the rightful owner — the metal was sold to the country by India for use in South African and Egyptian coins, but the vessel transporting it was sunk by Japanese torpedoes.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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