⛏ Vault Insurance

Soaring gold price forces vaults to reduce insurance cover
Soaring gold prices are prompting some vault operators to leave larger values of bullion uninsured, as their holdings approach the limits of available cover, insurance brokers have told the FT. Read on »

CPI Is Cooling But What About Inflation?
The January CPI data give the impression that the Federal Reserve is finally winning the war against inflation. Not only was the data cooler than expected, but it’s also beginning to edge close to the mystical 2 percent target. CBS News called it “the best inflation news we've had in months.” Read on »

Silver miners fall trading as the metal drops 2%
Spot silver was last seen down 4.6% to trade at around $73.07 per ounce, while silver futures fell 6% to trade at $73.05 per ounce. Hecla Mining, which owns one of the biggest silver mines in the world, Green Creek Mine in Alaska, was down 5.8%. First Majestic Silver was down 6%, Coeur Mining lost 3.8%, Teck Resources and Silvercorp Metals were lower by 2.5% and 5.6%, respectively, and Wheaton Precious Metals was down 3.4%. Read on »