JOHANNESBURG (miningweekly.com) – The demand for physical gold is soaring to potentially record highs, boosted by the current low dollar prices that are particularly attractive in several other currencies.
“Gold is looking particularly attractive in many currencies around the world and that has caused a huge physical demand response,” World Gold Council MD Marcus Grubb read more
To vaguely paraphrase Mike Tyson, "everyone has a plan for a socialist utopia, until they run out of toilet paper."
This is just what happened to Venezuela, where in the image vacuum left following the death of leader Hugo Chavez, things are rapidly falling apart for the oil-rich country. And just like in the US, it's Bush's fault, or at least the local such equivalent.
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SAN FRANCISCO (MarketWatch) — Investors didn’t buy enough physical gold to offset outflows from gold-exchanged traded funds in the first quarter, but demand for jewelry, bars and coins grew a lot thanks to China and India, a report from the World Gold Council released Thursday shows.
The report helps shed light on demand during the period just before read more
There are no surprises in the latest World Gold Council Gold Demand Trends report other than the fact that statistics show global demand for gold in Q1 2013 was on the increase before the COMEX raid on April 15th. This is a clear indication that the fundamentals supporting a strong price for gold in the long term remain and also helps to explain why there was such a shortage of gold bars and co...
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China's demand for gold jumped 20% to 294 tonnes in the first quarter of 2013, while global gold demand overall slid 13% thanks to the dramatic rotation of demand from paper to physical. Chinese demand in gold bars and coins grew to 109.5 tonnes - more than double the five-year quarterly average of 43.8 tonnes.
Central banks added 109.2 tonnes of gold to their reserves... read more
The Gold Report: James, from your perspective in Europe, is the region in as bad a financial crisis as it appears in the headlines here in the U.S.?
James Turk: Yes, it really is. However, Europe is a big place, and you have to look at the individual countries one by one to understand the situation. Generally speaking, the Mediterranean countries are in the worst shape. Germa...
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he tactic by the Fed and Central Banks is to inflate the stock markets while manipulating the price of gold and silver lower. This achieves two goals, 1) it reassures the public’s faith by pumping up stock prices while the economic indicators continue to deteriorate and 2) it elevates the dollar while it destroys market sentiment in the precious metals.
So far, t...
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As we first noted
here (regulation) and
here (supervision), the US government has been gradually encroaching on the independence and freedom of the virtual currency. Thi...
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If the audience demographic at the Metals & Minerals Investment Conference in New York was that of the U.S. as a whole, former U.S. senator Ron Paul would be U.S. President today! He was given a standing ovation by much of the audience at the beginning and end of his presentation and his speech was peppered with applause from the floor as he made point after point of strong appeal to thos...
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