News Articles

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 . . . .

Silver has been mined for thousands of years. But for most of the 20th century it was the poor man’s precious metal, its value eclipsed by the enduring lure of gold . . . .

While the IMF still reports the United States as the largest holder of gold reserves by far, these are essentially self-reported numbers. They are not reliable because countries could have incentives to under report or over report their gold reserves . . . .

The Russian economy continues to plummet into the nadir of despair as low oil prices drive the ruble to record lows. Recently, Russian President Vladimir Putin has been buying gold in droves. What is behind this current unquenchable appetite for the yellow metal . . . .

Moscow-based central bank expected to slash rates this week as data show massive gold stockpiling in March . . . .

China and India’s gold buying activity increased the most in March 2015, according to data from the Swiss Federal Customs Administration. The data showed that China almost doubled its gold buying to 46.4 metric tons in March 2015. India also joined the party . . . .

Enter the Dragon. China’s push to challenge U.S. dominance as the global economic superpower and to challenge the dollar as a global reserve currency involves gold – “a lot of gold” . . . .

According to reports, gold sales in India picked up during the Akshaya Tritiya festival after what was believed to have been a relatively slow start . . . .