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Germany Gets Its Gold Back From The Fed And It’s A Big Deal

(Kitco News) – Germany’s central bank completed its plan to repatriate the country’s gold reserves from New York and Paris, three years ahead of schedule. Initially expected to take until 2020, the plan involved returning 374 tons of gold from Paris, and 300 tons from New York. But […]

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Vietnam dong, gold and interbank rates – August 15

Here’s a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 0503 GMT. August 15 USD/VND mid-point 22,444 USD/VND interbank 22,727/22,727.5 USD/VND unofficial 22,720/22,735 SJC gold (mln dong/tael) 36.20/36.42 Interbank offered rates Overnight 0.4-0.8 1 week 0.7-0.9 1 month 1.5-1.8 3 […]

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Gold Has Yet Another Purpose…To Help Fight Cancer

– Gold has yet another purpose and may help fight cancer – Gold increases effectiveness of drugs used to treat cancer cells by acting as catalyst – research shows – Use of gold in technology and health growing each year – Tech use to increase- number of patent applications […]

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Unpredictable Government Actions Make It Smart to Hold Gold

What does a hot-shot Wall Street trader see in physical gold? And why would he be adamant about holding it? Jared Dillian, former head of ETF Trading at Lehman Brothers, is an acclaimed financial author and investment strategist at Mauldin Economics. He first discovered gold in 2005 […]

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Germany Pulls Tons of Gold Reserves From U.S. and France

FRANKFURT—The Deutsche Bundesbank last year brought back about 216 metric tons (238 tons) of gold to Frankfurt, it said in a press release Thursday, adding that its plan announced four years ago to move more of Germany’s gold reserves back home was far ahead of schedule. The […]

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How 1 Billionaire Became A Gold Bug

My father was Hugo Salinas Rocha -“Salinas” was his father’s surname, and “Rocha” was his mother’s surname; the custom of using both parents’ surnames is universal in Latin America. Father was a successful merchant in Mexico City, and in the 1930’s he ran a store in downtown […]

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American Bullion Predicts Gold Price Increase with Trump Win

LOS ANGELES, Sept. 28, 2016 /PRNewswire/ — American Bullion announced that they agree with the recent Citigroup forecast that a Trump win in the presidential elections may cause gold to rise in price to $1,450 by Q1 2017. The Citigroup forecast stated that Republican candidate Donald Trump has grown […]

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Africa gold reserves now worth $1.5 TRILLION

A new report by SNL Metals and Mining shows Africa at the top of tables when it comes to the value of gold still in the ground Using the combined value of reserves and resources reported by explorers and mining companies active on the continent, the research […]

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The U.S. Dollar Hasn’t Been Linked to Gold for 45 Years. Here’s Why

Nixon ended the system that linked the value of the dollar to the treasury’s stock of gold It was 45 years ago, on Aug. 15, 1971, when President Richard Nixon announced that the decades-old monetary system that had controlled the U.S. dollar—and thus the world’s currency values—for […]

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A gold depository in Texas moves closer to reality

July 29 –Texans: Are you looking for a safe place to store your gold? If so, just hold on a bit longer. On Friday, state officials called on Texas businesses to submit their plans for a bullion depository, where people and businesses can store their gold and […]

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