News Articles

The metal is the only store of wealth that has a proven track record over thousands of years, and experts predict prices to remain at $1,200 in the year ahead . . . .

The problem with most of those delighting in Russia’s apparent comeuppance for what the West views as its expansionary destabilising tactics in Crimea and Donbass is that they aren’t Russian.  They assume Russians will act like Americans or western Europeans to a financial crisis and come rushing back, cap in hand, to beg forgiveness . . . .

H.R. 2754 Collectible Coin Protection Act  WAS PASSED BY THE SENATE ON DECEMBER, 15, 2014 AND ON ITS WAY TO BE SIGNED BY THE PRESIDERNT OF THE UNITED STATES!

The Collectible Coin Protection Act helps combat the counterfeiting of numismatic items and grading-service slabs . . . .

Apologies for returning to Chinese and Indian gold demand again – but we do feel these two nations are so important for the future of the gold price given the huge amounts of gold they continue to absorb. This in total has to be close to, or even perhaps will exceed, annual new mined gold production . . . .

The European Central Bank’s Governing Council expects to consider a package of broad-based asset purchases including sovereign debt next month. ECB President Mario Draghi said today that policy makers “won’t tolerate” a prolonged period of low inflation, and that officials discussed “all assets but gold” as potential targets for purchases  . . . .

Q3 was a subdued quarter for the gold market. The data bears this out: gold demand eased down by 2% and the gold price was relatively stable. Quarterly volatility in the US$ gold price was among the lowest levels seen over the past two decades.

Read the complete World Gold Council 3rd Quarter report at:
http://www.mintstategold.com/articles/WGC_2014_3rd_Quarter_Gold_Demand.pdf

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 . . . .