News Articles

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 . . . .

The Indian government has been proved right once again in not lifting its curbs on gold. Trade deficit has widened the most in 18 months, as imports of the precious metal have surged . . . . 

Gold’s $20 plunge on Friday was accompanied by a big increase in bullishness among gold timers.That’s just the opposite of what you would expect, since the normal pattern is for gold timers’ bullishness to rise and fall in lockstep with the market. It’s a bad sign that this normal pattern has been broken . . .

In a piece published today by the Council on Foreign Relations, former Fed chair Alan Greenspan examined the recent dramatic rise in gold imports by China. 

He theorized that the country was likely in the process of converting its foreign reserves to gold in order to . . . .

China is far more adept than the capitalist West in looking to the long term and nowhere is this more apparent in its attitude towards gold . . . .