Exponential Gold coin investment in india 200 days, 20 days, 5 days. 14 Swiss Gold Referendum Fails .
The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say. Gold production rose 18 metric tons to 273 tons in 2013, the highest annual output since 2003, Melbourne-based Surbiton said. 13 The World Gold Council sees Q2 Global gold demand at 856. YoY to a 4-year low on liquidation from gold ETFs.
12 Southern Europe’s debtor states must pledge their gold reserves and national treasure as collateral under a 2. 3 trillion stabilization plan gaining momentum in Germany. 4 million to its reserves in March as nations including Turkey, Russia and Kazakhstan increased their holdings of the metal, International Monetary Fund data show. 11 Central Bank gold buying of 148. European central banks have become net buyers of gold for the first time in more than two decades. 11 Paul Volcker dismissed the possibility of a return to the gold standard, saying that, among other things, “I don’t think there’s enough gold in the world. Central banks have bought more gold in the first half of this year than in all of 2010 as a long-anticipated reversal in so-called “official sector” sales gathers pace, the World Gold Council said.
11 Soros said his hedge fund dumped nearly all of its gold holdings. 11 The central bank of Mexico bought nearly 100 tonnes of gold in February and March. 11 Funds led by well-known investors such as George Soros and John Burbank have been selling off their gold and silver holdings recently, helping fuel the metals’ price falls, The Wall Street Journal reported late Tuesday. The IMF announced on Tuesday the conclusion of the limited sales program covering 403. 3 metric tons of gold that was approved by the IMF in September 2009. 10 Precious metals will probably give investors the best returns among commodities in the next year, and livestock the worst, Goldman Sachs said.
10 Pension funds will be looking to increase their gold holdings considerably after years of “negligible exposure,” the director of global research from the Teacher Retirement System of Texas has said. Over the longer-term, demand for gold in China is expected to grow considerably. Gold demand in Vietnam, which consumes more of the precious metal per head than India and China, is set to surge as the third devaluation in the past year and a stock-market slump combine to spur sales. Finally, increasing the gold reserve will not help much in diversifying China’s foreign exchange reserves. In the past few years, we increased the gold reserve by more than 400 tonnes. Our country’s gold reserve has already reached 1,054 tonnes. 10 Iran: ‘Sheer lie,’ central bank chief says of report that country will sell 45 billion Euros to buy gold, dollars.
10 According to China’s Xinhua, Iran will sell euros for the U. 2009 and that it was expected to double in the next ten years. 10 China appears to have overtaken India as the number one private gold buyer in 09. American Eagle, after running out of inventories for the second time since August of 08. According to the China gold association, Chinas gold demand may be more than 450 metric tons this year, up from 395. 6 tons in 2008, and output may climb to 310 tons, compared with 282 tons a year earlier. 09 The World Gold Council said gold demand totaled 800.
09 Gold has hit an all-time high of USD 1,085 after it was announced that India’s central bank had bought 200 MT of the stuff from the IMF in deal worth USD6. Tye Burt, chief executive officer of the Toronto-based company, said at a conference in Denver today. Globally production has been in decline since the peak of 81 million ounces in 2001 to 77 million ounces last year, and we see that decline continuing long term. Central banks are set to become net buyers of gold this year for the first time since 1998, according to GFMS, the metals consultancy. 2009 after jewellery consumption dropped by more than one fifth and investment interest slowed as the threat of meltdown in the global financial system receded. 09 The European Central Bank and 18 other banks agreed to limit their sales of gold to no more than 400 tons per year until 2014. 09 China has nearly doubled its gold reserves in the last five years as it diversified its foreign exchange reserves away from US dollar assets.