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Gold rush fever returns

The Telegraph is reporting today on the 'New Gold Rush': With the discovery of gold there in 1848, the California Gold Rush brought 300,000 people into the state, transforming what was then a backwater into the embodiment of the American Dream.

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Why IMF gold sales won’t affect the gold price

Excuse our cynicism, but shouldn't this story be dead already? The IMF, which has the worlds third largest holdings of gold bullion, has announced yet again plans to sell some of their gold holdings. As we reported before, in our Feb 29th Gold Market Update: Our belief that the latest International Monetary gold proposal story was more spin than reality is seen in the fact that the IMF said on Thursday that no timetable has been set for the sale of a limited portion - about 12.9 million ounces (403.3 tonnes) - of the IMF’s gold stocks of 103.4 million ounces. The news was not widely reported unlike the previous ‘news’. In a background paper, the IMF said if the gold was sold on the market, as opposed to off-market transactions, the sales would be phased over time to avoid market disruptions, as recommended by an independent panel. Factsheet - Gold in the IMF : http://www.imf.org/external/np/exr/facts/gold.htm What is more interesting here, is not the obvious rehashing of an old story, but the changing spin it is given this time around.

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Gold Investments in Bloomberg: Commentary and Survey

Bloomberg published an article by Millie Munshi and Pham-Duy Nguyen quoting Mark O'Byrne of Gold Investments. Gold Beats Financial Assets as Investors Seek Haven 'At least 95 percent of the new buyers have kept their money in the bullion, Mark O'Byrne, Gold & Silver's executive director, said in an interview on Feb. 26.

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Gold steady; U.S. govt shutdown worries investors

Gold and Silver Bullion - News and Commentary Gold steady; U.S. govt shutdown worries investors (Reuters.com) Stocks Mixed, Dollar Flat With Shutdown in Focus (Bloomberg.com) Palladium flows from west to east to meet industry demand (Reuters.com) METALS START THE WEEK ON[...]

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Gold ETF Assets Climb to Highest Since 2013

Gold and Silver Bullion - News and Commentary Gold ETF Assets Climb to Highest Since 2013 (Bloomberg.com) Gold firm as dollar sinks further (Reuters.com) Australia Is Cashing In on Gold ETFs (Bloomberg.com) South Korea now requires verified ID to trade cryptocurrencies[...]

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Central Bank Of Russia Adds A Record 223 Tons Of Gold In 2017

Gold and Silver Bullion - News and Commentary Gold steady on weak dollar; stocks surge as U.S. government shutdown ends (Reuters.com) Asian Stocks Reach Fresh Record High; Oil Climbs (Bloomberg.com) U.S. Stocks Gain as Senate Votes to End Shutdown (Bloomberg.com) Demand[...]

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