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Latest News

£13bn Shipwreck

Thursday, July 19, 2018

Research following the discovery of the shipwrecked San Jose off the Colombian coast has revealed that an estimated £13bn worth of cargo maybe on board consisting of gold, silver and emeralds. The San Jose was sunk by the British in 1708 during the War of Spanish Succession. Marine excavation work is now underway to salvage the treasure.

Flat Market

Tuesday, March 13, 2018

The metal markets have been flat lining for the past 6 weeks with silver remaining within a 20p/oz price band just under the £12/oz mark. US interest rate rises are preventing a rise in the metal and stability in the World - vis-a-vis North Korea - mean a lack lustre need for safe haven investments.

Finance Markets

Friday, February 2, 2018

The finance and currency markets are on a roller coaster right now with the likelihood of a US interest rate rise. Following a very healthy January for the stock markets, the Dow Jones was in meltdown yesterday as it experienced its worst day in history sparking a global sell-off.

On the back of the news last Friday that US wage growth is better than anticipated, the likelihood is that the US Fed will raise interest rates to curb spending. This positive news for the economy means that investors have shifted money from high value stocks and shares to bonds and other investments that will benefit from interest rate rises.

Out of favour metals have been slowly falling in price since the start of the year, and yesterday's small rise was due mostly to the fall in the value of the pound against a strong dollar rather than safe haven tactics.

Strong Pound but no North Korea Effect

Friday, September 15, 2017

On the back of potential increased interest rates in the near future, the pound has strengthen against the dollar to reach its highest point since the Brexit vote in 2016. Not even the launch of a North Korean missile could prevent silver sliding in price, to end the week below £13/oz from £13.80/oz just one week ago.

12 month Gold High

Tuesday, August 29, 2017

Gold prices breached the $1300/oz psychological barrier today and was trading at the highest level in almost a year as investors flocked to the safe haven on heightened tensions between North Korea, Japan and the USA.