The gold standard was a commitment by participating countries to fix the prices of their domestic currencies in terms of a specified amount of gold. National money and other forms of money (bank deposits and notes) were freely converted into Continue reading
Miners in Western Australia say they have discovered two huge gold-encrusted rocks that are each estimated to be worth millions of dollars.
The largest specimen, weighing 95kg (210lb), was found to contain more than 2,400 ounces of gold, Canadian miner Continue reading
Saudi Arabian Mining Co. plans to invest in the mining industry several billion dollars. Thus, the Arabs intend to increase gold production to 1 million ounces over the next five years.
There are also rumors that Saudi Arabia intends to Continue reading
Net exports of gold from the United States in January 2019 doubled. At the end of 2018, total exports of American gold to other countries amounted to 474 tons.
According to the US Geological Survey (USGS), in January of this Continue reading
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 Continue reading
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 Continue reading
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 Continue reading
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 Continue reading
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 Continue reading
After the price of palladium reached its maximum mark of $ 1615 per ounce on March 21, 2019, its value began to be corrected. Within one week, the price dropped by $ 270 or 17%, before a support level of Continue reading