In February, Turkey exported $117.9 million worth of gold to Iran for natural gas, despite tight sanctions imposed by Western nations. In Total, Turkey’s export of gold has increased 18 percent to $551.6 million in February, up from $466 million a … [Read more...]
Turkey exports $118 million worth of gold to Iran despite Western sanctions
April 1, 2013 By Leave a Comment
Swiss group petitions government to stop selling gold reserves, repatriate holdings
March 25, 2013 By Leave a Comment
A right-wing organization, led by the Swiss People’s Party, the far-right Swiss Democrats and the Lega dei Ticinesi movement, submitted a petition with more than 106,000 signatures that urges the federal government to stop seeking the sale of its … [Read more...]
Gold soars above $1,600 amid fears of Cyprus bank deposit tax
March 18, 2013 By Leave a Comment
Cyprus agreed to receive a 10 billion euro ($13 billion) bailout from the International Monetary Fund and its European partners. In exchange, the Cyprus government is debating to impose a bank deposit tax: a 6.75 percent tax on deposits under 100,000 … [Read more...]
Bank of Greece says nation’s gold reserves total $6.2 billion
March 11, 2013 By Leave a Comment
Greece’s gold reserves total roughly $6.2 billion at the end of 2012. This was made public after the nation’s central bank responded to a query made by a Golden Dawn Member of Parliament and the letter was forwarded to Finance Minister Yannis … [Read more...]
Purchases of Eagle gold, silver coins higher in February compared to a year ago
March 4, 2013 By Leave a Comment
Following the seasonal sales spike for American Eagle gold and silver bullion coins in the month of January each year, there is a slowdown in February. This year, however, monthly sales for the month of February are quite higher compared to a year … [Read more...]
Russia, other central banks increase gold holdings in January: IMF
February 25, 2013 By Leave a Comment
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
February 18, 2013 By Leave a Comment
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...]
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