Russia, other central banks increase gold holdings in January: IMF

Gold

Soon after the World Gold Council (WGC) issued a report finding central banks are purchasing high levels of gold bullion, the International Monetary Fund (IMF) revealed that Russia and Kazakhstan expanded their respective gold reserves for a fourth … [Read more...]

WGC Report: Central banks bought most gold last year since 1964

Gold - Photo by: bullionvault

The World Gold Council (WGC) issued a quarterly report Thursday that noted central banks around the world bought the most gold last year since 1964. This comes as gold continues to maintain global high demand and nears record value levels. Last … [Read more...]

Ron Paul: 6,000 years of history shows ‘gold is money, paper money fails’

Ron Paul - Photo by: Gage Skidmore

Retired Texas Republican Congressman Ron Paul spoke with Bloomberg Television on Friday to discuss the United States dollar, protectionism, Treasury Secretary Jack Lew and how gold is real money compared to paper money. ‘Accusatory’ The host … [Read more...]

Scientists discover bacterium that transforms toxic chemicals into solid gold nuggets

Gold nugget - Photo by: Rob Lavinsky

Are the days of maps, metal detectors and intense manual labor history?  Delftia acidovorans is a bacterium that lives in adhesive biofilms that produce on top of gold deposits and protects itself by transforming its environment to gold. It can be … [Read more...]