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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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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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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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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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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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China Imported over 100 Tons of Gold in May

SHANGHAI , June 28 , SinoCast — Mainland China imported 121970 kilograms of gold from Hong Kong in May. The mainland exported 20924.3 kilograms of gold to Hong Kong in May. Mainland’s net gold imports from Hong Kong fell from 64.1 tons in March to 56 tons […]

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Nearly half of U.S. households would struggle with an unexpected $400 expense, Fed study finds

Shedding light on the precarious economic state of many American families, theFederal Reserve said Wednesday that nearly half of U.S. households reported they would have trouble meeting emergency expenses of just $400. In addition, the Fed found that 22% of workers were juggling two or more jobs […]

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