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...]
WGC Report: Central banks bought most gold last year since 1964
February 18, 2013 By Leave a Comment
Ron Paul: 6,000 years of history shows ‘gold is money, paper money fails’
February 11, 2013 By Leave a Comment
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
February 4, 2013 By Leave a Comment
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...]
Canadian Mint limits sales of silver Maple Leafs, U.S. Mint suspends sales
January 28, 2013 By Leave a Comment
It seems investors are getting their hands on a lot of silver, which surpassed the $30 mark last week. The Royal Canadian Mint (RCM) is limiting sales of 2013 Silver Maple Leaf (SML) bullion coins, while the United States Mint has suspended sales … [Read more...]
Indian government to hike import duty on gold, platinum to six percent
January 21, 2013 By Leave a Comment
The government of India announced Monday that it is increasing the import duty on gold and platinum by two percent from four percent to six percent immediately, local news outlets reported. The purpose of the measure to curb the amount of precious … [Read more...]
Sales of gold, silver coins on track to hit record monthly highs in January
January 17, 2013 By Leave a Comment
Since the start of 2013, sales of gold and silver coins have surged in the United States because investors are seeking to protect their wealth and investments from a possible economic collapse, runaway inflation and potential default on the nation’s … [Read more...]
Illinois looking to register gold and silver transactions in legislation
January 16, 2013 By 1 Comment
Last spring, the Illinois state legislature introduced SB3341 “Precious Metal Purchasing Act,” a bill that would require the registration and even tracking of all purchases of precious metals. The legislation would order a person to obtain proof of … [Read more...]
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