WGC Report: Italian officials considering using gold reserves as alternative to austerity

Banc d'Italia - Photo by: Geobia

The World Gold Council released a report last week that found a strong majority of Italian business leaders and citizens agree that the Italian government’s gold reserves are extremely important and have a positive role in the nation’s economic … [Read more...]

Indian citizens flock to buy gold, taking advantage of sell-off

Indians buying gold

As gold prices plunged over the last several days, Indian citizens are taking advantage of this tremendous buying opportunity and are rushing to acquire the yellow metal. With the decline in prices, it is believed the federal government will be … [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...]

World Gold Council: Gold demand to rise in global transition to multi-currency reserve system

World-Gold-Council

In an Official Monetary and Financial Institutions Forum (OMFIF) report commissioned by the World Gold Council (WGC), it was projected that demand for gold would likely rise in 2013 as the world shifts toward a multi-currency reserve system due to … [Read more...]