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Real Gold or Fake Gold? Here’s Why It Matters With gold prices hitting record highs, more people are buying, selling, and gifting gold than ever before. But one question keeps coming up: How can you tell if something is real gold? It’s a valid concern. The market is flooded with gold-plated jewelry, under-karat items, and counterfeit coins—many of them convincing enough to fool casual buyers. Online forums like Reddit are filled with stories of people who thought they had purchased pure gold, only to discover they’d been scammed. source: Reddit Fake gold isn’t always obvious. Some pieces come sealed in…
Gold prices fell in Pakistan on Thursday, according to data compiled by FXStreet. The price for Gold stood at 28,523.62 Pakistani Rupees (PKR) per gram, down compared with the PKR 28,805.12 it cost on Wednesday. The price for Gold decreased to PKR 332,693.90 per tola from PKR 335,977.20 per tola a day earlier. Unit measure Gold Price in PKR 1 Gram 28,523.62 10 Grams 285,236.20 Tola 332,693.90 Troy Ounce 887,184.50 Daily Digest Market Movers: Gold price continues to be weighed down by trade optimism and reduced bets for aggressive Fed rate cuts The US and China agreed to slash…
“I don’t mind paying for all or part of the bill. We can afford that and, honestly, it’s nice to get double or triple credit-card points for eating out.”
Key takeaways: Industry figures show ongoing silver supply deficit Analysts see scope for higher prices in 2025 Silver has bright long-term future as energy transition picks up Silver prices put in a stellar performance in 2024, reaching 12-year highs of over $34.50 an ounce in October, compared with just below $24.00 an ounce at the end of 2023 – a 44% gain at their peak. Even a significant pull-back to $29.00 an ounce in late December 2024 has left the precious metal up 21% from its price a year ago. Looking ahead, 2025 is positioned as a pivotal year for…
With this reference in hand, ABC can now scientifically validate the declared origin of every incoming gold batch. If a discrepancy arises – for instance, if gold is misrepresented or mixed from an unapproved source – the forensic analysis will flag it. This level of assurance goes well beyond a paper trail, effectively safeguarding against supply chain fraud or accidental mislabeling. Notably, Source Certain’s origin verification technology is proven across industries. For nearly 20 years, it has been applied in sectors like agriculture, seafood, and mining to authenticate product provenance. Bringing this forensic science into gold refining is a natural…
Stagflation Returns to the Spotlight as Trump’s Tariffs Raise Economic Alarm Stagflation Fears Resurface Amid Trump Tariffs and Fed Uncertainty Stagflation was once considered a relic of 1970s economic history, an unusual combination of rising inflation and stagnant growth that followed an oil shock. But fast forward to today, and the term has found renewed relevance. As Trump’s tariffs raise the specter of higher prices and slower growth, investors and economists are once again using the word stagflation to describe potential economic conditions in the United States. While not yet the consensus view, the rising risk of stagflation has…
U.S. President Donald Trump meets with Japan’s Prime Minister Shigeru Ishiba (not pictured) at the White House in Washington, U.S., Feb. 7, 2025. Kent Nishimura | ReutersPresident Donald Trump ordered a halt to the production of new pennies, which he said will help reduce “wasteful” government spending.”For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump said in a Truth Social post. “This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations budget, even if…
The terms ‘recycling’ and ‘refining’ are often used interchangeably when discussing precious metals, but these terms do have different meanings. This lack of understanding could be costing you more than you realize. Just as gold differs from silver, so does recycling from refining. While both processes have their role in the lifecycle of our precious commodities, understanding the key differences between these two methodologies can significantly impact our recovery yield, environmental footprint, and bottom line. This blog post aims to demystify these concepts and highlight why knowing the difference is so crucial in the world of precious metals. What is Recycling?…
Do you want to purchase gold, but you’re not sure where to begin? Selecting the right form of gold might be difficult due to the abundance of options. Every form of gold, whether it be digital, paper, or physical, has special qualities and benefits of its own. We’ll walk you through each type of gold in this guide. We’ll assist you in making an informed choice about investing in different types of Gold. You can choose to invest in conventional physical gold or investigate the realm of digital gold as a collector or investor in gold. Different Types of…
January 22, 2024 , Ben Lewis , Comments Off on USD – Will The Greenback Surge Continue? We started 2024 with a greenback surge after coming under pressure in the second half of 2023. Yet, it’s been a back-and-forth run for traders as they try to digest and predict the Fed (FOMC) decision in the upcoming months. If borrowing costs continue to rise, you can expect the USD index to test last year’s highs and continue. In early December, we saw intense USD selling pressure as traders digested lower inflationary data. This in turn supported the easing of interest rates…