BoAML: gold and dedollarization of central banks.
American investment bank Bank of America Merrill Lynch (BoAML) recently published a review in which he analyzed the current role of the US dollar and gold in the global economy. The bank’s survey says that the US dollar still remains the leading world currency, but…Read More
South Africa: gold mining for february 2019.
At the end of February of the current 2019, gold production in South Africa again showed a decline of -20%. Thus, it was already 17 months in a row, when the mining companies of South Africa were able to extract less precious metal from the…Read More
Morgan Stanley: $ 1350 gold to 2019 end.
US investment bank Morgan Stanley has published an updated gold outlook, taking into account recent news from the US Federal Reserve. Analysts of the bank took a neutral position regarding the prospects for the yellow precious metal. The review of the bank also deals with…Read More
Americans bought a company coinInvest GmbH.
American financial company INTL FCStone, which provides consulting services to investors around the world, bought the German company CoinInvest GmbH with headquarters in Frankfurt am Main. Thus, the Americans decided to expand their direction in precious metals. INTL FCStone announced the beginning of the purchase…Read More
US sanctions against gold recycling in Venezuela.
US authorities have frozen assets of the Venezuelan company Minerven, which are located in the States. This company is engaged in mining and processing of gold. She is accused of supporting the Maduro regime. According to Bloomberg, the US authorities imposed sanctions against the Venezuelan…Read More