Posted in: News

Chinese gold imports rise 48%

Posted August 26, 2015

Continuing chaos on world equity markets and fears about the Chinese economy did not result in safe-haven buying of gold on Tuesday. The metal fell back from six week highs hit last week to close $15.30 or 1.3% lower than yesterday at $1,138.30 an ounce on the Comex market. While bargain hunters have stayed away… View Article

Is the Falling Gold Price Signaling the End of the Financial Crisis?

Posted July 24, 2015

Gold prices have tumbled to a five-year low. As a trade-able commodity, the price of gold is largely linked to supply and demand. While supply remains fairly fixed, demand is shaped by the state of the global economy and investor perceptions of gold’s value as an asset – this is in turn shaped by the… View Article

Why isn’t gold gaining ground on the Greek crisis?

Posted July 1, 2015

Financial crises are supposed to be good for gold. After all, unstable situations theoretically cause investors to leave the risk of stocks for the comfort of hard stores of wealth. That’s why gold tends to be considered a risk-off asset, meaning that it rises when investors shy from risk. But even as Greece edges ever… View Article

Investors add most gold to funds in 5 months

Posted June 29, 2015

Gold is being supported by ‘continued worries related to Greece and investors returning to ETFs.’ Investors bought the most gold through physically-backed funds in almost five months as Greece and its creditors headed for last-ditch talks. Gold futures were little changed and palladium was near a two-year low. Gold exchange-traded product holdings rose 6.9 metric tons,… View Article

Gold: The US sets the price but Asia does the buying

Posted June 11, 2015

It seems illogical that gold price movement seems to be dominated by US internal factors while most gold trade is elsewhere. LONDON – What’s driving the gold price? At the moment it seems to be a succession of knee-jerk reactions to U.S financial data which push the gold price up or down, depending on the perception… View Article

6 Rare US Coins That Could Be Hiding in Your Wallet

Posted May 19, 2015

If you’ve spent any time collecting coins, you know that imperfections or alterations in the minting process can result in interesting coins. These coin changes often go unnoticed. Most people probably don’t inspect each penny they get back as change. But maybe you should take a closer look at the coins in your wallet. Over… View Article

What’s Next for the Gold Price?

Posted May 14, 2015

Will gold zoom higher with Greece on the brink of default? Or will it crash as the Fed pursues an “exit?” Why has gold not rallied with the recent retreat of the dollar? To understand where gold may be heading, keep in mind that this shiny metal isn’t changing; it’s the world around it that… View Article

Who’s Got The Gold?

Posted May 12, 2015

In 1971, the US abruptly went off the gold standard, and in making the public announcement, US President Richard Nixon looked into the television camera and said, “We’re all Keynesian’s now.” I was a young man at the time and had previously bought gold, albeit on a very small scale, but I recall looking into the face… View Article

China One Step Closer to Becoming World’s Gold Hub

Posted May 6, 2015

Shanghai Gold Exchange one step closer to becoming the globe’s major gold hub China tests system at Shanghai Gold Exchange (SGE) to establish yuan-denominated gold price fix SGE opened last year allowing trade in physical gold as opposed to electronic futures contracts on COMEX Yuan fix, which has broad regional support, will rival the century… View Article