News Articles

The Dutch central bank has secretly brought a large part of the national gold reserves being held in a secure depot in New York back to Amsterdam. In total, 120 tonnes of gold valued at . . . .

Russia bought about 19.7 metric tons of gold last month as the world’s fifth-biggest holder added metal to its reserves amid a weaker ruble and lower oil prices. Holdings rose to 37.6 million ounces, or about 1,169.5 tons, the central bank said today . . . .

Russian President Vladimir Putin said Friday his country was deliberately moving away from using the U.S. dollar for international trade.

He told the Russian news agency Tass, in an interview, Russian oil sold to China will be paid for in renminbi, the Chinese currency, part of a trend by Russian companies to denominate imports and exports in renminbi or rubles, and not U.S. dollars . . . .

Although support appears to be waning ahead of Switzerland’s gold referendum, one analyst isn’t ready to discount the “yes” side just yet. Axel Merk, president and chief investment officer of Merk Investments, recently published a commentary regarding the gold referendum and in an interview with Kitco News said that investors shouldn’t . . . .

Swiss private bank Julius Baer’s chief investment officer Burkhard Varnholt told Arabian Money that the gold referendum in Switzerland is likely to pass and that will send gold prices much higher next year . . . .

China’s gold imports from Hong Kong in September rose to the highest in five months as retailers and fabricators boosted purchases ahead of a holiday sales season. Net imports totaled 61.7 metric tons last month, the most since April . . . .

Switzerland’s potentially historic gold initiative referendum takes place on Sunday 30th November. In what was an extraordinary first salvo in the head-to-head gold referendum battle that will take place in Switzerland over the next five weeks, yesterday witnessed the launch of both the “Save our Swiss Gold” (Gold Initiative)” campaign and the opposing “Cross-party Committee against the Gold Initiative” campaign in Switzerland’s political capital, Bern . . . .

SA Mint, a wholly owned subsidiary of the South African Reserve Bank, has launched a new range of coins for its Natura Series – a now multiple-award winning collection of gold coins, which was first launched 1994 to celebrate South Africa’s diverse wildlife . . . .

As evidenced by the Russian central bank, it appears that Russia has added another 1,200,000 ounces of physical gold to their reserves.

Total Russian gold reserves now stand at . . . .

We cannot emphasize more strongly that gold followers should ignore the mainstream media reports, based on Hong Kong gold export figures to mainland China, that Chinese gold demand has plummeted by anything between 30% and 50% this year.  As we pointed out in an article last week . . . .