Further evidence of the increasing demand for gold comes by way of the U.S. Mint. Just one day after releasing it’s new one tenth ounce gold coin they have sold out. And the new half ounce and quarter ounce coins are now also extremely limited. Amazingly they sold 345,000 coins in one day! This just […]
Category Archives: Latest Gold News
Short snippets of Gold and related news
Newmont Mining, one of the worlds largest gold producers has won the right to explore 3000ha near Pauanui in the Coromandel Peninsula of New Zealand, for gold and silver. Newmont already has a large open cast mine in nearby Waihi which is nearing the end of it’s life. You can read the full NZ Herald article here. […]
Dr Marc Faber of the Gloom, Boom and Doom Report recently was on Bloomberg (video below) stating that while the US dollar may be oversold in the short term, in the long run, over say 10 years, it will go to zero .ie. be worthless. On price deflation versus inflation he thinks we could get […]
Russian Prime Minister Vladimir Putin annouced this week they are ready to consider using the Chinese and Russian national currencies when doing oil and gas deals with China, instead of the US dollar. They will join Brazil who recently agreed to trade with China in yuan (chinese currency) instead of dollars. Along with the annoucement last month from […]
With the US Dollar dropping significantly again yesterday, (and gold gaining significantly) the blame is being placed on an article from Middle East based U.K. journalist Robert Fisk in the British paper The Independent. Mr Fisk says his contacts tell him that the Gulf Arab nations along with China, Russia, France and Japan, are planning on […]
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Oct
Oct
16 August 2009: Up until this year it’s been illegal for the average chinese citizen to buy and hold gold and silver. Also this year the government made it illegal to export silver and investing in precious metals is now also being reported about in the Chinese government controlled media. See the video below. We think this looks […]
The latest concerns about the Gold and Silver Exchange Traded Funds (ETF’s) comes from John Embry of Sprott Asset Management. John has been speaking at the Silver Summit in Spokane, Washington where he has expressed doubts about the precious metals ETF’s actually having the metal that they claim to have. The report has been compiled […]
A metal detector enthusiast has found around 5 kilos of gold and 2.5 kilos of silver on a farm in Staffordshire. Based on todays bullion prices, 5 kilos of gold is worth in New Zealand dollars around $226,972. However, as these were precious artifacts this will raise the value to at least ten times more. Mr […]
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Sep
Sep
China is considering buying gold that the International Monetary Fund (IMF) is planning to sell. The IMF are planning to sell 403 metric tonnes of gold. China which currently holds 1054 tons of gold (up from 400 tonnes in 2003) is keen to increase its holding in gold, and if the price is right, China would […]
It doesn’t get bigger than this! The “Sleeping Giant” is awakening! China is seriously alarmed and concerned at the continual blatent printing of the US dollar reports Ambrose Evans-Pritchard in his latest article in The Telegraph out of the U.K. We think Mr Evans Pritchard is one of the few financial journalists writing in a mainstream newspaper […]