Gold demand picked up in Korea as some banks have started carrying gold in their branches as there are increasing demands from private banking customers.
SEOUL(BullionStreet): Four years after it’s introduction, South Korea's 50,000 won currency joined gold to become hot favorite among Korean people.
According to Bank of Korea during th... read more
A lot of things that have not happened since the last recession are starting to happen again. As you read the list below, you will notice that the year "2009" comes up again and again. There is a reason for that. Many of the same patterns that we witnessed during the last major economic downturn are starting to repeat themselves.
In fact, many of the things that are happening right now... read more
“I would have expected a stronger number,” says Commerzbank analyst Carsten Fritsch, “but that is difficult when not enough gold is available.”China’s monthly gold import numbers are just in… and they’ve confounded expectations. First, the essential background on these obscure but highly revealing figures. If it’s old hat to you, please indulge newe... read more
Two weeks ago, with its current account getting crushed by relentless gold imports, India's finance minister Chidambaram literally begged the people to stop buying gold [8]. Judging by the popular response, the ongoing physical shortage, and last night's increase in Indian g... read more
Since the gold price crash in April there has been wide debate about how the gold market works. Analysts have contrasted paper gold versus physical gold, urging that the different parts of the gold markets offer very different services to investors. Conspiracy theories have also abou... read more
CNBC takes you behind the scenes of the mint in West Point, NY.
Video One
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Gold is gearing up to make a huge move one way or another. So which way will it go?
Buyers continue to test the crucial level of $1,422. In the event that $1,425 prints, shorts and those standing vigilant should briskly drive prices back above $1,450, sending gold on its way to test the multiyear l... read more
As every down-tick in the paper price of Gold is viewed as another death knell for the 'global safety' trade; a drop in stock prices is somehow seen as an 'opportunity' to the world's media and status quo maintainers. However, asReuters reports, Richard Peterson... read more
In one of the most audacious hearings I have seen, Apple CEO Tim Cook, was summoned to Congress last week to explain why his company has not paid any corporate income tax to any national government on more than $74 billion in overseas earnings. While most regulators don’t even understand how real money works, what is important to understand is that what Apple’s doing is nothing ne... read more
Money Creation is a funny thing. It happens all the time, all around us, and has for centuries and yet no seems able to convince everyone else that they know how it actually happens who is doing it and even if it is a good idea.
It is a vexed subject, particularly now, when people are afraid that the world’s central banks are creating masses of money, while the banks themselves counter-c... read more
