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Many Indian investors are making a beeline for silver, and are refraining from buying gold due to its high price, though gold is expected to give a 20% return in 2012.With gold prices too hot for many in India, silver has regained its sheen. Sales of silver coins are soaring in India, with most consumers buying silver coins which . . . .

Yesterday, June 18, 2012, the FDIC distributed a rule-making notice to member banks, telling them it intends to change collateral rules, among other things. . . . .

China is widely expected to overtake India as the world’s biggest consumer of gold this year with gold purchases rising by 10 per cent, according to the leading Chinese bank ICBC. Why? . . . .

MUMBAI: With gold prices reaching an alltime high of Rs 30,420 per 10 gm on Wednesday, investors are keen on parking their money in platinum, which is trading at Rs 28,500 per 10 gm. Analysts said it was right time to buy platinum because the metal is likely to provide nearly 30% returns by the end of the year. . . . .

Marc Faber, a normally bearish market commentator, believes gold has hit a low. Meanwhile, leading asset allocators are holding around 7.5% on average in the precious metal . . . .

The lack of notable increases in Asian central bank gold holdings is startling given that over the past decade the rise in foreign reserve assets has been growing at unprecedented levels. The Bank for International Settlements (BIS) noted in its June 2012 Quarterly Review that "central bank balance sheets in emerging Asia expanded rapidly over the past decade because of the unprecedented rise in foreign reserve assets." . . . .

Last week ended with silver pulling off a Friday recovery. The New York spot market closed with the metal at $28.68, having gained almost $1 for the day. This performance was fuelled by bad news, most notably regarding the US labor situation. After achieving a four-week high on Wednesday, silver prices have again fallen ahead of today’s trading session due to a lack of information about new monetary policies . . . .

According to Dave Kranzler, founder of Golden Returns Capital savvy investors and central banks in Asia are accumulating physical gold. The Gold Report asks the hard questions.

The Gold Report: You started your career, Dave, in the fixed income securities division of Goldman Sachs. And you worked as a junk bond trader before founding Golden Returns Capital. What prompted you to move into precious metals? . . . .

I am proud to say that I have been actively trading Gold since President Ford signed legislation that legalized private Gold coin and bar ownership, which took effect December 31, 1974. During those 37 years the Gold price moved from $103 in August of 1976 to $850 in January of 1980, and back to $284 per ounce in February of 1985. The Gold price traded between $250 and $475 from 1985 to 2001, (before the current bull move started), reaching $1,920 per ounce in September of last year. During those years I saw reasons for Gold ownership change from diversification, to speculation, to being an inflation hedge, and a safe haven investment numerous times. However, until now I have not seen . . . .

Central banks internationally continue to diversify their foreign exchange reserves into gold bullion due to concerns about fiat currencies – including the dollar and especially the euro. IMF data shows that central banks were again net buyers in April with . . . .