Silver and gold had sideways weeks with gold spot price again threatening the $1,300 oz mark multiple times since our last Metals & Markets podcast
The gold spot price is closing the week slightly up at $1,290 per troy ounce in US dollars. While the spot silver price looks to be closing around $15.66 per troy ounce in USD.
In industry related news this week, the bankruptcy proceedings of Republic Metals Corporation continues. Reuters reported this week that the world’s largest gold refiner, Valcambi of Switzerland, put in a bid of $16 million Federal Reserve notes to acquire the now mothballed Miami, Florida... 150,000 square foot precious metal refinery site.
I will leave a link to this week’s Silver Doctors coverage on this ongoing Republic Metals bankruptcy bid story in the show notes. If you visit that link, keep an eye out in the bottom page comments section for a short and tongue-in-cheek video, made by this week’s guest (i.e. in response to this ongoing fire sale of Republic Metals remaining assets).
If you have been using Youtube over the years to consume precious metal related content, chances are you know that there is a robust Youtube stacker community with related channels.
These bullion related Youtube channels cover everything from product unboxing videos, to bullion sale community updates, to precious metals market related coverage.
This week’s guest is one such Youtube channel operator. He goes by the moniker 'Salivate Metal' and his Youtube channel has been a good balanced source for precious metal related content over the last +5 years.
If you have interest, both SD Bullion's James Anderson and Tyler Wall are set to be on Salivate Metal's live Youtube podcast next Friday, January 18th at 6:00 PM eastern.
Thank you for visiting us at SD Bullion.