Hong Kong customs officers have discovered HK$230 million (US$29.4 million) worth of gold and silver hidden in two air cargo shipments of household cleaning machines destined for Japan, making the largest seizure of precious metals on record. Senior Investigator Ho Ting-chun of the Customs and Excise Department’s syndicate crimes investigation bureau said on Thursday officers…
Hong Kong billionaire Cheah Cheng Hye has quietly turned a quarter of his fortune into gold, betting that in an era of sanctions, seizures, and geopolitical shocks, nothing beats metal you can touch. “If you have the physical gold in the warehouse or in your bank safe, nobody owes you anything,” he told Bloomberg News…
Gold (GC=F) prices extended declines on Wednesday following the worst intraday drop in more than 12 years, putting a pause on one of this year’s hottest rallies. Futures for the yellow metal fell more than 1% to hover near $4,060 per troy ounce after dropping 5.5% in the prior session as investors locked in profits…
Gold prices tumbled in their biggest daily drop in over ten years as a stunning rally in precious metals came to a halt. Futures for the yellow metal (GC=F) dropped as much as 5.5% to hover near $4,141 per troy ounce, on pace for their largest one-day drop in 12 years. Silver futures (SI=F) also…
Wikimedia Commons Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. If you had just $100 to put to work in today’s market, where would it go? For “Rich Dad, Poor Dad” author Robert Kiyosaki, the choice is obvious. “If I had $100 what would I invest in?…
We came across a bullish thesis on Sprott Inc. on FluentInQuality’s Substack. In this article, we will summarize the bulls’ thesis on SII. Sprott Inc.’s share was trading at $71.90 as of September 18th. SII’s trailing and forward P/E were 37.06 and 26.95, respectively according to Yahoo Finance. Photo by Jakub Żerdzicki on Unsplash Sprott…
A global defense revolution is underway based on swarms of autonomous, unmanned, AI- and battery-powered drone systems. Last month President Donald Trump signed the “Unleashing American Drone Dominance” executive order, and on July 10, Defense Secretary Pete Hegseth began to operationalize efforts to bolster domestic drone technology and manufacturing. Unfortunately for the U.S. and the…
00:00 Speaker A Now time for some of today’s trending tickers, we’ll be watching precious metals, Uber and Lyft. Let’s start off with those metals. Like gold, silver and copper are all falling as the framework to a US China trade deal is announced. In this deal, China agrees to begin approving where earth metals…
Hong Kong police have detained three men in a crackdown on a syndicate that defrauded at least seven victims of HK$4 million (US$512,820) in a London gold trading scam. The force said on Sunday that the suspects, aged 25 to 36, lacked experience in the financial sector and rented offices in bustling commercial districts to…
Hong Kong police have detained three men in a crackdown on a syndicate that defrauded at least seven victims of HK$4 million (US$512,820) in a London gold trading scam. The force said on Sunday that the suspects, aged 25 to 36, lacked experience in the financial sector and rented offices in bustling commercial districts to…