Saturday 1-2pm EST and Sunday 10-11am on AM640 Saturday 12pm MDT AM770
Silver Drivers to Increase Prices and 2014 Argyle Tender Results
The Guidlhall experts discuss the prices of silver and gold and the strong physical demand. Above ground silver reserves have never been lower. Darren V. Long discusses the five drivers for silver prices to move up. Darren and Jeremy Wiseman discuss the news that Canada signed an agreement with China where both countries agreed to trade in their own currencies in Canadian dollars and Chinese yuan for trade which further diminished the US dollar as the world reserve currency.
On the natural fancy color diamond segment, Darren and Jeremy review the results of the 2014 Argyle Tender. The collection of 54 rare pink and red diamonds from its Argyle diamond mine delivered exceptional results, achieving the highest average price per carat since the Tender began in 1984. It is estimated the bids were up 30-40% over last year.
Darren Long reminds listeners that these tender bid increases will be reflecting in all pink color diamond prices going forward so now is an excellent time to purchase a color diamond – especially a pink diamond.