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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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Only $250 Worth Of Gold In Rio Olympic Medal (Kitco News) – The 2016 Summer Olympics are just two weeks away with athletes from all over the world gearing up to compete for the top title: the gold medal. Surprisingly though, the coveted prize, created by the […]

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Only Gold Wins In A Currency War

(Kitco News) – Gold could continue to be the investment of choice in the global currency market as nations race to the bottom to devalue their money, a move that one economist thinks is a bad idea. Governments are “delusional” if they think that it will promote […]

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China Renminbi Approved As A World Reserve Currency

HONG KONG — The International Monetary Fund on Monday approved the Chinese renminbi as one of the world’s main central bank reserve currencies, a major acknowledgment of the country’s rising financial and economic heft. The I.M.F. decision will help pave the way for broader use of the […]

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China Yuan Joining IMF Currency Basket?

China’s yuan moved closer to joining other top global currencies in the International Monetary Fund’s benchmark foreign exchange basket on Friday after Fund staff and IMF chief Christine Lagarde gave the move the thumbs up. The recommendation paves the way for the Fund’s executive board, which has […]

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Bullion Billionaires Who Like Gold

The following 15 investment gurus are among the wealthiest men in the world. All use gold as the perfect store of value with a view to preserve purchasing power against the loss of value of all fiat currencies. Here are the Bullion Billionaires who like Gold; Carlos […]

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Russia, Kazakhstan hike gold holdings

Kazakhstan Gold Bullion displayed in a stack

(Reuters) – Russia and Kazakhstan raised their gold holdings for a sixth straight month in August, while Jordan and United Arab Emirates both bolstered their reserves in July, according to International Monetary Fund data on Thursday. Russia bought another 29.5 tonnes last month taking its total to […]

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Russia And US Dollars

Russia dumping US Dollars

Russia’s President Putin is drafting legislation to limit or eliminate the US Dollar for trade between Russia and the Commonwealth States of Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan and Uzebekistan. It is Putin’s goal to dump US denominated assets if at all possible, This will surely […]

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