The MGS Precious Metals Blog

Manhattan Gold & Silver is an industry leader in precious metal pricing and refining with more than 30 years of experience. During our time in the business, we’ve found the topic of precious metals to be a vast and interesting one. Here on our precious metals blog, we write in-depth posts about the science of precious metal refining, historical and modern uses for precious metals, market news, and much more. Subscribe to our RSS feed to stay current, and discuss the latest posts on our Facebook page.

New Guidelines Identify Areas Where Deep-Sea Mining Should Be Prohibited

December 4, 2018 07:00
New Guidelines Identify Areas Where Deep-Sea Mining Should Be Prohibited

New guidelines have been developed by international researchers to protect sea life from mining. The criteria — published in Science Advances — is designed to identify areas of environmental importance, where mining should be prohibited.

There are 18 recommended metrics, which can be used by regulators to determine whether the number, shapes, sizes and locations of sites within a proposed “no-mining zone” network will effectively protect the surrounding habitats and species.

The study focused on future deep-sea mining scenarios on the Mid-Atlantic Ridge, but can be adapted for use in other locations. It also considers future changes that might occur on the seafloor within the next century.

For years, marine biologists have tried to assess the impact of seabed mining on the marine ecosystem, but haven’t reached a consensus.

The MIDAS project, comprised of 32 partners across Europe, seeks to further investigate the possible damage that deep-sea mining may have on aquatic life.

The data collected will help inform regulators about the potential dangers and what measures may be taken to prevent them.


What the Threat to the Dollar Means for Gold

November 27, 2018 07:00
What the Threat to the Dollar Means for Gold

In a recent note, Marko Kolanovic, head of macro quantitative and derivatives strategy and senior analyst at JP Morgan, reiterated that the unmatched performance of U.S. equities versus the rest of the world is over.

His recommendation? Steadily lean toward Emerging Markets.

“Markets are likely sensing that the tide may be turning in the trade war” he wrote in his note, and “the tables are turning as a stronger USD, higher yields, and trade tariffs start impacting U.S. profit growth, and YoY earnings comparisons soften.”

Only time will tell how the dollar’s strength will be impacted.

But, historically speaking, every currency’s global rule has ended at some point. And there’s nothing that indicates that the U.S. dollar will be an exception.

As current U.S. administration policies, trade wars, and sanctions increasingly impact allies and adversaries, it remains to be seen whether the rest of the world will diversify away from the U.S. dollar.

How can investors hedge against that risk?

Kolanovic said that shifting to non-U.S. assets, such as RoW stocks and bonds, is one option.

But his preferred trade method seems to be going long gold.

Gold is near the lowest point in a decade, but there were two other historical instances when this level was reached — before the market crash in 2008 and just before the market rally in early 2016.

In these two examples (one being risk off, another risk on), going long gold was an effective strategy.

Source: ZeroHedge

Study Finds New Uses for Gold — Producing Hydrogen from Water

November 20, 2018 07:00
Study Finds New Uses for Gold — Producing Hydrogen from Water

Gold nanoparticles coated with a semiconductor can produce hydrogen from water at least four times more effectively than other methods, according to a new study by team members from Rutgers University in New Jersey.

The discovery could lead to better solar energy storage, increasing renewable energy use and combating climate change.

To excite the electrons in the gold nanoparticles, the researchers utilized visible and infrared light, instead of ultraviolet light, which is the customary method.

When electrons are excited, they can be transferred more effectively into the semiconductor, which accelerates the reaction.

Engineers coated the gold nanoparticles in titanium dioxide and then exposed the material to UV, visible and infrared light. Then, they studied how the electrons jumped from gold to the material.

By leveraging photocatalysis, which uses light to accelerate a chemical reaction, the engineers may have expanded the ways in which we can use sunlight for energy.

Source: Science Alert

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