Gold News
Four limited edition gold bullion coins were issued yesterday to mark the 2010 World Expo. The coins have been minted by the Bureau of Shanghai World Expo Coordination and the China Gold Coin Inc. The coins are in four different sizes weighing 500 grams, 100 grams, 50 grams and 20 grams. Only 100 of the [...]
The International Monetary Fund has given the go ahead to the sale of 403 metric tonnes of gold reserves. This action is likely to raise $13 billion of cash to restock its reserves for lending to low-income countries who have been hit be the global recession. The sale totals approximately an eighth of the IMF’s [...]
The UK’s most significant and largest haul of Anglo Saxon gold has been unearthed from beneath a Staffordshire field and are on display. The haul is thought to contain over 1,500 artifacts which have lain undiscovered since the 7th Century. The gold was discovered recently by a man using a metal detector and a spokesperson [...]
The continued rise in the price of gold, as more investors buy gold, is having a knock on effect on the price of gold mining companies’ shares. According to various articles in the media the leading international gold mining companies shares have raised in value sharply since gold broke through the $1,000 per ounce mark [...]
Gold led trading this week with the price of bullion moving closer and closer to the record high of $1,030.80 a troy ounce which was set in March 2008. Prices reached $1,023.85 last Thursday but then dropped back again to $1,012 on Friday. This means that overall the price of gold is up 0.7% on [...]
China is emerging as a rapidly growing market for gold and coupled with the move to buy gold by investors who see it as a recession proof investment gold hit a historic high last week topping $1,000 an ounce. Adverts are appearing everywhere, on the television, in newspapers and on leaflets pushed through the letter [...]
Today marks the first anniversary of the collapse of the once esteemed investment bank Lehman Brothers. The resulting financial panic threatened to destroy the global economy and sent us spinning into a massive global recession. The lesson to be learnt for investors is that our complex financial systems can be very unstable. This is why [...]
For the first time in six months, the gold price has reached $1,000 an ounce. Some experts are suggesting that the rise could be due to investors believing we are moving out of global recession and we may shortly enter a period of inflation. However, others are arguing that it’s not an indication of global [...]
Remember that money you save in a bank will only be insured up to the Financial Services Authority (FSA) saver protection limits. Therefore, if an FSA authorised bank or building society is unable to pay back deposits held with it the Financial Services Compensation Scheme (FSCS) will only pay back the first £50,000. If your [...]
Records show that September has historically always seen a rise in the demand for gold. This is explained by the fact that it is the start of the holiday season in many of the countries which have the greatest demand for gold like India and the United Arab Emirates. It is the time of year [...]
