How was gold mined in the past? We might have learned about this by reading Jack London books, we watched westerns, adventure movies and we saw that gold was sifted in the wind or washed in the river. And in Continue reading
How was gold mined in the past? We might have learned about this by reading Jack London books, we watched westerns, adventure movies and we saw that gold was sifted in the wind or washed in the river. And in Continue reading
Freeport McMoRan’s Grasberg copper-gold complex in the Indonesian province of Papua produced nearly 2.7 million ounces of gold in 2018. The original deposit was discovered in 1936 by a Dutch geologist who called it Ertsberg or “ore mountain”. Continue reading
According to the Singapore DBS Bank, now is a good time for investors to increase their positions in gold. The vice president of a branch in Taiwan believes investors should use the current moment to buy a yellow precious metal. Continue reading
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