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...]
Russia, other central banks increase gold holdings in January: IMF
February 25, 2013 By Leave a Comment
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...]
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...]
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...]
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...]
Germany planning to repatriate gold from New York Fed, French central bank
January 15, 2013 By Leave a Comment
The German daily Handelsblatt reported Tuesday that the Bundesbank, the nation’s central bank, will be withdrawing billions in gold held at the New York Federal Reserve, Bank of England and the Banque de France. The purpose is to deposit more of its … [Read more...]
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