During the Swiss National Bank’s (SNB) annual meeting in Bern, president Thomas Jordan unveiled the locations of where Switzerland’s gold holdings are stored. Jordan disclosed the central bank holds 70 percent of its 1,040 tonnes of gold in … [Read more...]
Archives for April 2013
Swiss National Bank reveals details of its gold reserves in annual meeting
April 29, 2013 By Leave a Comment
Silver investor David Morgan: Use silver as alternative currency
April 26, 2013 By Leave a Comment
When it comes to alternative currencies, the talk these days is usually about gold, bitcoins and local forms of money. However, one investor believes the best form of an alternative currency is silver bullion, a timeless precious metal that has … [Read more...]
U.S. Mint suspends sales of one-tenth ounce Gold American Eagle coins
April 24, 2013 By Leave a Comment
The U.S. Mint has run out of inventory of its one-tenth ounce American Eagle gold bullion coins after selling an astonishing 175,000 ounces of gold coins thus far in April. The record is 231,500 ounces which was set in December 2009. This is the … [Read more...]
Silver to average lower price in 2013, demand for silver coins still strong: report
April 24, 2013 By Leave a Comment
The Silver Institute released a report Wednesday that indicated silver prices will end the year lower than 2012’s average of $31.15 per ounce. Although prices have suffered a tremendous decline, global demand remains strong and investment rose to … [Read more...]
Switzerland to hold national referendum on central bank’s gold reserves policy
April 22, 2013 By Leave a Comment
Switzerland will be holding a national referendum sometime in the next several weeks on what the Swiss National Bank (SNB) should do with its gold reserves. The government confirmed Thursday that the Swiss Peoples Party (SVP) had the necessary … [Read more...]
Canadian executive Rob McEwen: Gold still projected to exceed $5,000 an ounce
April 19, 2013 By 1 Comment
Akin to Peter Schiff’s recent projections, goldbug and Canadian gold industry executive Rob McEwen believes gold will still hit the $5,000 an ounce mark, despite gold falling below $1,400 over the past several days. Speaking to the Business News … [Read more...]
Indian citizens flock to buy gold, taking advantage of sell-off
April 17, 2013 By 1 Comment
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...]
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