News Articles

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 . . . .

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 . . . .