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This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Silver demand to climb to a six-year high, what India’s massive gold import figures for March tell us about Asian gold demand, and a stash of antique coins in New England sheds light on a famous historical figure.
Silver Institute: Silver demand will climb to its highest since 2015 this year
In a joint report published on Thursday, The Silver Institute and precious metals consultancy Metals Focus said that silver demand this year should climb to its highest level since 2015. The report comes after investors brought silver prices to a seven-year high last year in a rush to safety even as the manufacturing sector slumped.
One of these rare coins was discovered in 1988 on the banks of the Niantic River.
Published April 28. 2021 9:00AM
Jim Littlefield, Special to The Times
It may have been the greatest heist of all time, and it took place on the high seas. The royal ship Ganj-iSawai, property of Indian emperor Aurangzeb, had set sail from the port of Mocha on the Red Sea bound for Surat, India. Aboard were faithful Moslem passengers returning home from a recent Hadj, a sacred pilgrimage to Mecca.
Also on board were tens of millions of dollars in gold and silver belonging to the wealthy emperor.