• By - Bob G.

    The People's Bank of China may have tripled its gold stockpile since April 2009, when it last gave an official number, which Bloomberg Intelligence estimates to be 3,510 metric tons, second to United States 8,133.5 tons of gold.
    The figure, almost triple the 1,054 tons of gold reported in 2009, was calculated based [...]


    This post was posted in Gold News

  • By - Bob G.
    With continued uncertainty in global markets, today a 50-year market veteran told King World News that Western propaganda is accelerating, even as China is moving toward supreme global dominance.  He also discussed what this will mean for key markets, including gold and silver.
    “The reason it’s difficult to time the move is because [...]


    This post was posted in Gold News

  • By Bob - G.
    Gold posted a second straight quarterly advance, the first back-to-back gains since 2011, as increasing demand for a haven drove a surprise 2014 rally.
    The dollar reached a one-month low today versus the euro as a gauge of U.S. business activity fell more than forecast. The manufacturing data overshadowed a report showing gains [...]


    This post was posted in Gold News

  • By Bob - G.
    Gold prices posted the biggest daily gain in nine months on Thursday, driven by investors who were caught flat-footed by the Federal Reserve's outlook for continued low interest rates. Gold for August delivery, the most actively traded contract, rose 3.3%, the biggest one-day percentage gain since September 2013. The contract rose $41.40 to [...]


    This post was posted in Gold News

  • By Bob - G.
    The RBI eased tough gold import rules on Wednesday by allowing seven more private agencies to ship the precious metal, a move that industry officials say could augment supplies and reduce premiums in the peak wedding season.

    Gold imports by India, the world's No. 2 bullion consumer after China, could quickly rise from [...]


    This post was posted in Gold News

  • By Bob - G.
    Frustrated traders and offbeat activists have complained for years in whispers and in online screeds that the price of gold has been subject to collusion. On Monday, these accusations of manipulation found a more august arena for expression: the federal courts.

    At a 40-minute hearing, lawyers for more than 20 plaintiffs gathered in Federal District [...]


    This post was posted in Gold News

  • By - Bob G.
    New Delhi, India -- When a team of Indian surgeons opened up the stomach of a patient complaining of abdominal pain, they had no idea they'd extract a fortune. The patient, whose name was not released, was hiding 12 gold bars in his belly. He apparently smuggled them into India to evade import [...]


    This post was posted in Gold News

  • By - Bob G.
    The latest news regarding the gold price per ounce is looking much better than the end of 2013.
    In 2013, gold bugs saw the gold price dropping 24% against the U.S. dollar. It was the third-worst decline in the history of gold since the year 1975.
    But since the start of the New Year, thegold market [...]


    This post was posted in Gold News

  • By - Bob G.
    Iraq bought 36 metric tons of gold this month valued at about $1.56 billion in the largest purchase by a nation in three years.
    The Central Bank of Iraq acquired the metal to help stabilize the Iraqi dinar against foreign currencies, it said in an e-mailed statement. The country held about 29.8 tons of [...]


    This post was posted in Gold News

  •  
    By Bob - G.
    The $10 million gold hoard found by a California couple in their back yard was not only the find of a lifetime for the couple, but for the coin expert in charge of the restoration. 
    When a lucky California couple found $10 million in gold coins buried in their backyard, perhaps no one [...]


    This post was posted in Gold News

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