Silver Coins Today website
The Perth Mint of Australia
 

Articles on August 28th, 2008

Silver, Gold and Platinum Rise, but Pressure Felt

New York silver, gold and platinum bucked the normal trend, rising Thursday while crude-oil fell and the U.S. dollar gained strength.

Bullion update ...Silver for October settled to $13.63 an ounce, gaining 13 cents, or 0.9 percent.

October platinum gained a sharp $43.50, or 3 percent, to end at $1,484.20 an ounce. The metal was helped by Impala Platinum’s chief executive citing stronger demand.

December gold rose by $3.20, or 0.4 percent, to close at $837.20 an ounce.

Read the rest of this entry »

Landlord Demands Rent in Gold Coins, Federal Court Affirms

Stack of gold coinsA Cleveland landlord can demand payments in gold coins, according to a federal appeals court ruling Wednesday.

The U.S. Court of Appeals for the Sixth Circuit ruled a "gold clause" contained in a 1912 lease agreement was enforceable, reversing a lower courts decision and requiring it to determine an equivalent rent.

The breach of contract lawsuit was filed by building owner 216 Jamaica Avenue, LCC against renter S&R Playhouse Realty Co., who had been paying an annual rent of $35,000 since their obligated assumption of the lease in 1982.

Read the rest of this entry »