News Articles

As it pertains to silver, something big is taking place in India.  While investors were amazed by the massive volume of Indian silver imports last year, 2015 may turn out to be a real whopper.  Indians are buying so much silver, they are on track to surpass 2014’s record by a wide margin . . . .

The global benchmark price has fallen 17% in the past year. Silver stockpiles in China surged this year as the country’s slowing economic growth weakened demand for the precious metal, according to a state researcher . . . .

On May 15, the Russian news source Pravda passed along an unconfirmed story that appeared in Duowei News that the Chinese government had accumulated 30,000 tons (965 million ounces) of gold reserves.

The question of how much gold China owns now could be answered soon . . . .

We keep seeing reports in the mainstream media suggesting that Chinese gold demand is slipping away, but continuing strong gold withdrawal figures from the Shanghai Gold Exchange (SGE) seem to contradict these reports . . . .

The United States is “scared to death” of Chinese plans to back the yuan with gold, money manager Stephen Leeb said on Tuesday . . . .

Bloomberg’s Ken Hoffmann sets out his researchers’ findings on the possibility of China coming up with some form of gold standard to back the yuan . . . .

Gold is a regarded as a hedge against market turbulence by Bank of America who, in a note to clients, advised holding gold and paper currency at this time . . . .

Economic uncertainty in Europe and fear of a Greek default are turning people to buy gold bars and coins . . . .

The Chinese have always been in love with gold. And this year especially China is taking several steps to rattle gold markets ... Estimates say China has amassed thousands of tons of gold reserves that could rival the United States in the future . . . .

For the gold bugs out there, a quickie: China is launching a facility that allows the yuan’s value to be fixed against gold . . . .