bullion@bullionsingapore.com

<p>I once heard some knucklehead on a mainstream financial news network claim that gold is &ldquo;a useless rock.&rdquo;</p> <p>Well, Swiss researchers have discovered how to use that useless rock to precisely detect the location of cancer cells.</p> <p>Scientists at the Swiss Nanoscience Institute (SNI) Network based at the University of Basel have developed a &ldquo;surface-modification

<p>When <a href="https://www.moneymetals.com/news/2026/10/15/beyond-the-cpi-the-complete-inflation-story-september-2026-005295&quot;>everything costs more</a>, people struggle.</p> <p>Struggling people feel stress.</p> <p>And Americans are feeling that kind of stress at a level not seen since March 2020.</p> <p>What was going on in March 2020?</p> <p>Governments around the world shut down the economy.</p> <p>LegalShield&rsquo;s Consumer Stress Legal Index (CSLI) surged 6.3 percent year-over-year to 75.7.</p> <div

<p>Welcome to this week&rsquo;s market wrap podcast, I&rsquo;m Mike Gleason</p> <p>Coming up don&rsquo;t we&rsquo;ll have another wonderful interview, this time with Phillip Newman, founding partner and managing director of <a href="https://www.metalsfocus.com/&quot; target="_blank" rel="noopener">Metals Focus</a>. Phillip discusses gold&rsquo;s resiliency and its stickiness above the $4,000 level and how central bank buying of the yellow metal also

Key Investor Takeaways Tungsten’s biggest challenge may be production, not scarcity. Veteran resource investor Bob Moriarty argues that companies capable of delivering tungsten quickly could have an advantage as China dominates global supply. Allied Critical Metals is targeting near-term production. Its Vila Verde project in Portugal is targeting the first tungsten concentrate in

Ki-Un Park is bullish on commodities. That does not mean he is in a hurry to buy them. A little more than two months after launching the Straits Invest Elementum Fund, Park said as much as roughly 70% of the young fund remained in cash, liquidity and money-market holdings as he waited for opportunities. “We

<p>Hong Kong has taken several <a href="https://www.moneymetals.com/news/2026/10/13/hong-kongs-rise-as-global-gold-hub-boosts-status-of-chinese-currency-005287&quot;>steps to elevate its status as a global gold hub</a> this year, including the launch of <a href="https://www.moneymetals.com/news/2026/07/09/hong-kong-launches-gold-settlement-system-to-challenge-western-dominance-005050&quot;>a gold clearing and settlement system</a> that mirrors the London Bullion Market Association. But to be a gold hub, you need a lot of gold. Hong Kong is getting plenty of the

<p>The Consumer Price Index (CPI) surged in September as fuel prices spiked yet again. This has some analysts forecasting a 50-basis-point Fed rate hike before year-end.</p> <p>The CPI data certainly tells a gloomy inflation tale, but it doesn&rsquo;t tell the whole story. In fact, the September CPI primarily reflected an oil shock. That&rsquo;s not &ldquo;inflation&rdquo;

<p>An ounce of gold is smaller than many people expect. It contains 31.1 grams of metal that fills about 1.61 cubic centimeters (cm&sup3;), or about the space of two stacked quarters. Pressed into a coin, an ounce of gold is about the size of a half dollar.</p> <p>If the gold is crafted into a bar,

<h2>Enacting Legislation Supported Domestic Precious Metals Mining</h2> <p>Noteworthy anniversaries are approaching for numismatists, and gold and silver proponents.</p> <p>Forty years ago this coming week, Americans could buy newly minted U.S. gold coins for the first time in over 50 years.</p> <p>The American Gold Eagle coin was released on Oct. 20, 1986, marking the first gold

<p>A pre-1965 quarter is 90% silver. It weighs 6.25 grams and contains 5.625 grams of pure silver. This is equivalent to <a href="https://www.ngccoin.com/price-guide/coin-melt-values.aspx&quot;>0.1808 troy ounces</a>.</p> <p>That means you need roughly 5.5 silver quarters to reach one full troy ounce. Everyday quarters since 1965 hold no silver at all. They are composed of a copper-nickel alloy

<p><span>China is accumulating gold as governments around the world reconsider their dependence on the U.S. dollar. While the dollar remains the dominant international reserve currency, rising American debt and the use of financial sanctions as a foreign policy tool have given countries additional reasons to diversify their reserves.</span></p> <p><span>In this week&rsquo;s </span><em><span>Midweek Memo</span></em><span>, Money Metals&rsquo;

<p>Hong Kong has taken several <a href="https://www.moneymetals.com/news/2026/10/13/hong-kongs-rise-as-global-gold-hub-boosts-status-of-chinese-currency-005287&quot;>steps to elevate its status as a global gold hub</a> this year, including the launch of <a href="https://www.moneymetals.com/news/2026/07/09/hong-kong-launches-gold-settlement-system-to-challenge-western-dominance-005050&quot;>a gold clearing and settlement system</a> that mirrors the London Bullion Market Association. But to be a gold hub, you need a lot of gold. Hong Kong is getting plenty of the

<p>The Consumer Price Index (CPI) surged in September as fuel prices spiked yet again. This has some analysts forecasting a 50-basis-point Fed rate hike before year-end.</p> <p>The CPI data certainly tells a gloomy inflation tale, but it doesn&rsquo;t tell the whole story. In fact, the September CPI primarily reflected an oil shock. That&rsquo;s not &ldquo;inflation&rdquo;

<p>A pre-1965 quarter is 90% silver. It weighs 6.25 grams and contains 5.625 grams of pure silver. This is equivalent to <a href="https://www.ngccoin.com/price-guide/coin-melt-values.aspx&quot;>0.1808 troy ounces</a>.</p> <p>That means you need roughly 5.5 silver quarters to reach one full troy ounce. Everyday quarters since 1965 hold no silver at all. They are composed of a copper-nickel alloy

<h2>Enacting Legislation Supported Domestic Precious Metals Mining</h2> <p>Noteworthy anniversaries are approaching for numismatists, and gold and silver proponents.</p> <p>Forty years ago this coming week, Americans could buy newly minted U.S. gold coins for the first time in over 50 years.</p> <p>The American Gold Eagle coin was released on Oct. 20, 1986, marking the first gold

<p>An ounce of gold is smaller than many people expect. It contains 31.1 grams of metal that fills about 1.61 cubic centimeters (cm&sup3;), or about the space of two stacked quarters. Pressed into a coin, an ounce of gold is about the size of a half dollar.</p> <p>If the gold is crafted into a bar,

Key Investor Takeaways Seabridge Gold agreed to buy 100% of the Slaughterhouse iron oxide copper-gold (IOCG) project in southern Wyoming from Orogen Royalties for US$300,000 at closing, plus up to US$2.55 million in milestone payments. The deal gives Seabridge 163 U.S. mining claims and several years of Orogen’s exploration data, while Orogen keeps

Key Investor Takeaways Storm has confirmed VMS mineralization at its Gold Standard Project in northwestern Ontario, with the September 23, 2026, announcement covering five holes across 1.9 km (kilometers) of the target. CEO Bruce Counts subsequently said eight holes had been completed, with sulfides encountered in all eight and semi-massive to massive sulfides

Key Investor Takeaways All eight successfully drilled step-out holes along about 3 kilometers of the southern Kraken Main Zone intersected visually identified sulfides in the same styles seen in the established part of the zone. The broadest sulfide-bearing interval was 47.3 meters, and two holes cut semi-massive sulfides of 7.7 and 6.7 meters.

Mackay Gold and Silver Corp. (MACK:TSXV; MKGSF:OTCQB) continues to advance its consolidated land package in Nevada’s historic Comstock district while drawing attention from stock newsletter writer Chen Lin of What is Chen Buying? What is Chen Selling?. Chen recently visited both Mackay and peer P2 Gold Inc. (PGLD:TSXV;PGLDF:OTCMKTS) and described the pair as very interesting companies.

<p>Technically speaking, 24k gold is gold with nothing purposefully mixed in. All 24 of its 24 parts are gold. In the real world, however, such gold is practically impossible to come by. Instead, you usually see gold sold as .999 or .9999 fine, not as a perfect 100%. The Royal Canadian Mint puts 24k at

<p>China is stacking gold.</p> <p>Why?</p> <p>In this episode of the Midweek Memo podcast, host Mike Maharrey takes a deep dive into Chinese central bank gold buying, pinpointing the reason China is rapidly expanding its gold holdings.</p> <p>Simply put, it doesn't want to depend on dollars.</p> <p>Mike also explains that the de-dollarization trend goes well beyond

<p>Technically speaking, 24k gold is gold with nothing purposefully mixed in. All 24 of its 24 parts are gold. In the real world, however, such gold is practically impossible to come by. Instead, you usually see gold sold as .999 or .9999 fine, not as a perfect 100%. The Royal Canadian Mint puts 24k at

<p>China is stacking gold.</p> <p>Why?</p> <p>In this episode of the Midweek Memo podcast, host Mike Maharrey takes a deep dive into Chinese central bank gold buying, pinpointing the reason China is rapidly expanding its gold holdings.</p> <p>Simply put, it doesn't want to depend on dollars.</p> <p>Mike also explains that the de-dollarization trend goes well beyond

Michael Oliver has been analysing financial markets for more than 50 years, a career that covers almost the entire monetary era since the US ended the dollar’s last link to gold in 1971. He joined BullionStar’s Claudia Merkert at a time when many investors are doubting their precious metals positions. The Fed raised rates again

Gelum Resources Ltd. (GMR:CSE; GMRCF:OTCQB) may earn a 100% interest in the 2,600-hectare Las Tinajas Gold Project at the northern end of Chile’s Maricunga Belt, encircled by the Codelco and Rio Tinto Plc. (RIO:NYSE; RIO:LSE) Nuevo Cobre joint venture that is exploring for porphyry copper-gold beneath the area’s epithermal gold deposits. Key Investor Takeaways

Key Investor Takeaways Regency Silver has agreed to acquire the past-producing Jabali gold project in Sonora, Mexico, and plans to put its La Dura mine back into production using toll milling at a nearby mine. Jabali lies about 6 km west of Alamos Gold’s Mulatos mine and about 20 km northeast of Regency’s

The global silver market continued to face supply constraints in 2026, with demand outpacing production for a sixth consecutive year and above-ground inventories helping to bridge the gap. Despite those underlying pressures, silver prices experienced significant volatility following a record-setting rally early in the year. According to the Silver Institute’s World Silver Survey 2026, the

Key Investor Takeaways In an October 11, 2026, interview with Dominic Frisby, Frank Giustra discussed central bank demand, government debt, monetary policy and geopolitical uncertainty as important themes in the gold market. Sustained higher gold prices could improve the potential economics of viable gold deposits and support investor interest in exploration companies, although

Talon Metals Corp. (TLO:TSX; TLOFF:OTCMKTS) announced on October 6, 2026, that drilling at its Roland nickel-copper target in Baraga County, Michigan, has intersected a mineralized magmatic conduit with high-grade massive sulphide mineralization, guided by the geological model from the Eagle East discovery at its recently acquired Eagle Mine. Key Investor Takeaways Talon Metals has

Star Gold Corp. (SRGZ:OTCQB) is advancing its 100%-controlled Longstreet gold-silver project in Nevada with a positive Preliminary Economic Assessment (PEA) released September 22, 2026.  The study estimates a pre-tax net present value (NPV) of US$87 million and an internal rate of return (IRR) of 48% at base-case prices of US$3,600/oz gold and US$48/oz silver. In

<p>The Chinese government has tried to internationalize the yuan and raise its stature as a global currency for decades. Hong Kong's ascension as a prominent yuan-denominated gold trading hub is giving that effort a big boost.</p> <p>S&amp;P Global Ratings managing director <a href="https://www.cnbc.com/2026/10/12/cnbc-china-connection-newsletter-gold-purchases-yuan-globalization.html&quot; target="_blank" rel="noopener">Charles Chang told CNBC</a> that Hong Kong's evolution as a gold

<p>(EAGLE, IDAHO) &ndash; Money Metals today announced the acquisition of $265 million in equity and debt capital to expand its <a href="https://sites.google.com/view/gold-loan/&quot; target="_blank" rel="noopener">precious-metals-backed lending program</a>, providing businesses and investors with greater access to competitive financing secured by physical gold, silver, platinum, and palladium.</p> <p>The capital infusion positions <a href="https://www.moneymetals.com/gold-loan&quot; target="_blank" rel="noopener">Money Metals Capital Group</a>

<p>The Indian government is considering tighter regulation of &ldquo;digital gold,&rdquo; including requiring that all digital products be backed one-to-one with physical metal.</p> <p>The fact that this isn&rsquo;t already a requirement should give you pause.</p> <p>With digital gold products, investors can buy and sell ownership of physical metal electronically. The digital gold provider stores physical gold

<p>An ounce of silver weighs 31.1035 grams. That is because precious metals are measured in troy ounces. Standard daily ounces, also known as avoirdupois ounces, weigh 28.35 grams.</p> <p>According to the <a href="https://www.nist.gov/document/2026-nist-handbook-44-appendix-c&quot;>NIST Handbook 44 unit tables</a>, one troy ounce equals exactly 31.1034768 grams. That means troy ounces weigh about 2.75 grams more than the

<p>The Chinese government has tried to internationalize the yuan and raise its stature as a global currency for decades. Hong Kong's ascension as a prominent yuan-denominated gold trading hub is giving that effort a big boost.</p> <p>S&amp;P Global Ratings managing director <a href="https://www.cnbc.com/2026/10/12/cnbc-china-connection-newsletter-gold-purchases-yuan-globalization.html&quot; target="_blank" rel="noopener">Charles Chang told CNBC</a> that Hong Kong's evolution as a gold

<p>(EAGLE, IDAHO) &ndash; Money Metals today announced the acquisition of $265 million in equity and debt capital to expand its <a href="https://sites.google.com/view/gold-loan/&quot; target="_blank" rel="noopener">precious-metals-backed lending program</a>, providing businesses and investors with greater access to competitive financing secured by physical gold, silver, platinum, and palladium.</p> <p>The capital infusion positions <a href="https://www.moneymetals.com/gold-loan&quot; target="_blank" rel="noopener">Money Metals Capital Group</a>

<p>The Indian government is considering tighter regulation of &ldquo;digital gold,&rdquo; including requiring that all digital products be backed one-to-one with physical metal.</p> <p>The fact that this isn&rsquo;t already a requirement should give you pause.</p> <p>With digital gold products, investors can buy and sell ownership of physical metal electronically. The digital gold provider stores physical gold

<p>An ounce of silver weighs 31.1035 grams. That is because precious metals are measured in troy ounces. Standard daily ounces, also known as avoirdupois ounces, weigh 28.35 grams.</p> <p>According to the <a href="https://www.nist.gov/document/2026-nist-handbook-44-appendix-c&quot;>NIST Handbook 44 unit tables</a>, one troy ounce equals exactly 31.1034768 grams. That means troy ounces weigh about 2.75 grams more than the

Key Investor Takeaways Hole DSB-96 returned 87.1 meters grading 73.26 g/t silver and 0.18% tin, and nearer surface, 17.9 meters grading 190.5 g/t silver and 0.45% tin. DSB-94 added silver and tin on the western side of the potential starter pit, and DSB-95 returned gold, silver, zinc, and lead on the eastern side.

Two leading institutional gold conferences took place in Colorado over the past two weeks, one focusing on juniors and the other on producers, with another retail show immediately prior in Vancouver. Both institutional conferences saw record attendance, with the Mining Forum Americas, focusing on producers, up 50% year-on-year, and a noticeable increase in generalist investors

Sendero Resources Corp. (SEND:TSX.V) released results on October 8, 2026, from advanced 3D inversion and classification of airborne magnetic survey data at its Peñas Negras Project in La Rioja, Argentina, where it owns 120 km² of concessions and has an option to earn a 100% interest in an additional 91.7 km². The model, extending to approximately

<p>Gold and silver finally put a winning week on the board. But the more revealing development is what happened while prices were falling: investors poured billions into gold-backed funds, and China stepped up its purchases of physical gold.</p> <p>The correction rattled short-term traders. It did not send all the bigger buyers running for the exits.</p>

<p>When considering any investment, it is important to step back and gain a &ldquo;big picture&rdquo; perspective on where it stands in its life cycle. Like living things, companies go through an establishment phase, a growth phase, a mature phase, and eventually a declining phase. At the end, they either reinvent themselves or die.</p> <p>On a

<p>Two questions often come together when people find an Eisenhower dollar: is it silver, and what is the coin worth?</p> <p>Most Eisenhower dollars do not contain any silver. The reason is they were struck from the same copper-nickel alloy used in dimes and quarters after the Coinage Act of 1965. A worn example is worth

<p>Two questions often come together when people find an Eisenhower dollar: is it silver, and what is the coin worth?</p> <p>Most Eisenhower dollars do not contain any silver. The reason is they were struck from the same copper-nickel alloy used in dimes and quarters after the Coinage Act of 1965. A worn example is worth

<p>China is piling up gold.</p> <p>Why?</p> <p>The mainstream is starting to ask this question, and it seems to have a pretty good grasp of the answer.</p> <p>On Sunday, <a href="https://www.cnbc.com/2026/10/12/china-gold-buying-interest-rate-.html&quot;>CNBC ran an article highlighting record Chinese gold imports</a> and hit the nail on the head.</p> <blockquote> <p>&ldquo;That buying spree reflects Beijing&rsquo;s push to cut its

<p>Africa&rsquo;s largest gold producer wants to join BRICS.</p> <p>Last week, Ghana's Foreign Affairs Minister Samuel Okudzeto Ablakwa announced that the country will seek formal membership in the economic trading bloc and is seeking India&rsquo;s backing for its bid.</p> <p>Ablakwa said BRICS membership will diversify the country&rsquo;s economic and diplomatic partnerships.</p> <div x-data=" item_id: undefined, view:

<p>When considering any investment, it is important to step back and gain a &ldquo;big picture&rdquo; perspective on where it stands in its life cycle. Like living things, companies go through an establishment phase, a growth phase, a mature phase, and eventually a declining phase. At the end, they either reinvent themselves or die.</p> <p>On a

<p>Gold and silver finally put a winning week on the board. But the more revealing development is what happened while prices were falling: investors poured billions into gold-backed funds, and China stepped up its purchases of physical gold.</p> <p>The correction rattled short-term traders. It did not send all the bigger buyers running for the exits.</p>