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The return to real money is making swift gains as public distrust and uncertainty about the viability of fiat currencies continues to grow. And according to a recent report inDigital Journal, some countries, including China, are actually installing automated teller machines (ATM) that dispense gold bullion rather than paper currency....

Precious metal prices rose yesterday on news of more quantitative easing (QE) by central banks in Europe. The most actively traded Comex gold contract, for December delivery, rose $11.60 (0.7%), settling at $1,653.20 per troy ounce. Platinum for January delivery was up 1.7% to $1,508.10 per ounce, while palladium for December delivery settled up 5% to $598 per ounce. However – and unsurprisingly on a day when hedge funds were buying “risk” assets and inflation expectations were rising – silver was the best performer of the precious metals, with the December contract gaining 5.5% to settle at $32.005 per ounce....

With the U.S. Mint recording its second best sales month ever for Silver Eagles in September, expectations are high that trade in American Silver Eagle bullion coins may shatter records again this year....

Even though the gold price suffered a sharp drop in September, at the end of the third quarter the yellow metal was trading 8% higher than the previous quarter. Many have taken advantage of the lower prices around $1,610 per troy ounce to enter long positions. Even if some market participants might have lost confidence after this sharp price drop in the precious metal sector, the fundamentals that are underpinning the gold bull market remain unchanged. Due to the escalating European sovereign debt crisis, which could lead to the disintegration of the eurozone, many investors still judge gold to be....

In the East, gold is not only celebrated, acquired, worn or displayed during holidays or special occasions; it is seen as an everyday symbol of wealth.

Increases in demand from China and India have driven a 7.5 percent increase in demand for gold jewelry during the first half of the year despite a 25 percent increase in the price, according to a report released this week from GFMS. However, much of India’s potential gold demand remains untapped.

Toussaint highlighted an interesting fact: Of the roughly 800 tons of gold imported to India each year, only the top 40 percent ....

Silver may yet move toward $50 an ounce this year as investors continue to seek it and gold as safe havens, with industrial demand for silver also likely to remain constructive, said Philip Newman, research director of precious metals with Thomson Reuters GFMS.

There could be some volatility in silver, he said in an interview with Kitco News on the sidelines of the annual London Bullion Market Association’s conference being held in Montreal this week.

“We think gold is likely, before the end of the year, to ....

Gold, platinum and Brent oil will lead gains in commodities as investors seek to protect their assets and shortages emerge, according to Tony Hall, the hedge- fund manager who earned 33 percent for his clients this year.

Gold may climb 21 percent to a record $2,200 an ounce by the end of 2011, platinum may gain 10 percent, said the London- based chief investment officer of Duet Commodities Fund Ltd., which manages more than $100 million of assets. Its eight-month gain compares with a mean return of....

European central banks have become net buyers of gold for the first time in more than two decades, the latest sign of how the turbulence in the currency and debt markets has revolutionised the bullion market.

The purchases are minuscule compared with the size of the global gold market, but highlight a remarkable turnround from a wave of heavy selling by European central banks.

The role of central banks in the gold market will be a central topic of debate at the annual London Bullion Market Association conference, the largest gathering of the gold industry, in Montreal this week. The switch from large selling to buying has helped propel the....

WASHINGTON (Reuters) - World Bank President Robert Zoellick said on Wednesday the world had entered a new economic danger zone and Europe, Japan and the United States all needed to make hard decisions to avoid dragging down the global economy. "Unless Europe, Japan, and the United states can also face up to responsibilities they will drag down not only themselves, but the global economy," Zoellick said in speech at George Washington University.

"They have procrastinated for too long on taking the difficult decisions, narrowing what choices are now left to a painful few," he said ahead of meetings of the World Bank and International Monetary Fund next week.

His bluntly-worded speech highlighted mounting fears among global policymakers about ....

The Federal Reserve and other central banks are able to go bust and may yet do so, Urs Gmuer, an asset manager at Dolefin, a Swiss investment advisor, told CNBC Tuesday.

Instead of printing more money when needed, he said central banks should return to using gold to back their currencies.

Gmuer contacted CNBC in response to comments by ING senior economist Teunis Brosens, who said central banks are technically unable to go...