Gold News
Reports from China suggest that a significant amount of gold has been discovered in the Junnggar area of Xinjiang. This is the largest amount to be found in this area in the last 20 years. It is estimated that 26 tonnes of gold bullion has been discovered which is worth around 4 billion Yuan or [...]
With the recent dip in the gold price reports from Japan indicate that the Japanese have been buying gold bullion bars in record time. With analysts forecasting the price of gold to continue moving upwards, investors in Japan are jumping on the gold bandwagon. One physical dealer in Japan said “we can see good buying [...]
The gold bullion market in India remains bullish as more investors demand gold. The World Gold Council highlighted in a recent report, that there are over 10 million weddings in India per year and gold traditionally plays a big role. 75% of domestic gold bullion in India is used for jewellery. Apart from buying gold [...]
With the much hyped FIFA World Cup fast approaching, host country South Africa is preparing itself for an influx of football supporters. Countries from around the world are all competing for the renowned golden World Cup trophy. The original Jules Rimet trophy was in use during 1930-1970. It was made of 18 carat gold and [...]
Reports from Greece indicate that there has been a flurry of investors in Greece buying gold coins as a hedge against the current economic and political uncertainty in the country and in the rest of the world. Every day, The Bank of Greece has announced, they have been selling over 700 gold bullion coins. The [...]
Figures of gold bullion sales in Dubai show that there has been a record amount of investors buying gold as concerns over the economic uncertainties worldwide take hold. Since the beginning of 2009 gold sales in Dubai have risen by 50%. Business man Firoz Merchant says that “there is a lot of uncertainty..because of that [...]
Buying accelerated as the MSCI World Index of 23 developed nations’ stocks tumbled as much as 16 percent since mid-April and the euro weakened to a four-year low against the dollar. Holders of ETPs, including George Soros and John Paulson, accumulated a record 1,938 tons by May 21, eclipsing all but four of the biggest [...]
Gold looks like it is moving in the right direction again after it had taken a dip over the past few weeks. The price of gold bullion ended on $1,194 at the close of market yesterday. More investors have been buying gold recently as a safe haven for their assets following the current political and [...]
Always one for a fashion first, Versace has launched the ultimate fashion phone. This hand assembled phone comes with an 18 carat gold finish, satisfying the current trend to buy gold luxuries. The front of the phone boosts the Versace logo with a 3inch crystal touch screen. Versace worked in conjunction with French manufacturers Modelabs [...]
As the price of gold is predicted to rise to record highs, investing in gold bullion makes perfect financial sense. A good place to start if you are a new investor is gold bullion coins. With an array of coins available from the Gold Sovereign to the Krugerrand investors are spoilt for choice. A popular [...]
