The Commodity Exchange, Inc. (COMEX) division of the New York Mercantile Exchange (NYMEX) has warehouses from which investors can take delivery on contracts for gold. The gold held in the vaults is divided into two categories: eligible and registered gold. The eligible gold specified by COMEX is all gold that […]
Precious Metals Investing
Everything You Need to Know About Buying Gold Coins
Are you thinking about investing in gold coins? You are not alone. In the past, buying gold has been seen as a way of protecting yourself from banks and financial institutions on shaky ground, or even your own government. Many people face tough economic years without any savings, and if something […]
Buying Colorized Silver Coins from Bullion Exchanges
Silver coins have grown in popularity during the last couple of years. Investors and collectors look to the precious metal as not only a valuable asset but also a beautiful work of art. Silver comes in a variety of forms, the most popular being in the form of coins and […]
WHAT IS COMEX REGISTERED GOLD?
The Commodity Exchange Inc. (COMEX) is a commodity exchange based out of New York City where buyers and sellers trade precious metals. The Chicago Mercantile Exchange owns COMEX and is the world’s largest options and futures metals exchange. Currently, COMEX operates a clearinghouse for gold, silver, platinum, palladium, […]
Top 10 Common Questions Asked When Investing in Precious Metals
Currently, many people are concerned about a falling economy and record-high inflation rates. If you look at the gold price, you will notice a steady growth in value compared to other assets. Read along as we answer some of the most common questions when investing in gold, silver, platinum, and […]