Russia has been buying up gold, increasing its gold reserves since March 2015. Speculators have been throwing the idea that Russia is working towards decoupling its economy from the Dollar, especially with the growing tensions that America has had with other countries primarily because of the tariffs and economic sanctions. Russia was the third biggest producer of gold in the world in 2017. It produced 266.2 tons of gold in 2017, just 6 tons less than what Australia the second largest gold producer reported in the same year. According to the World Gold Council, the Russian Central bank increased its gold reserves by 224 tons. This would be the third year that the Russian Central bank has increased its reserves by 200 tons.
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Is Bitcoin The New Gold?
With so much surrounding Bitcoin and the whole Cryptocurrency concept, a lot of people have begun comparing an investment in gold to investments in cryptocurrency. Before going further, it should be noted that these two are extremely different. Gold is essentially a physical store of value that will last a lifetime. Bitcoin, on the other hand, is speculative. The only way that these two might be similar is that they both subscribe to the rule of supply and demand. When there is a problem with supply numbers not meeting demands, the price of gold or Bitcoin will be affected.
Demand from Rural India raises Perth Mint December Gold Sales
The year ended on a stronger note for gold. The demand for gold surged thanks in part to the high crop prices that farmers in rural India are getting for their produce. It’s clear that gold has a great influence on the economy of a country. According to the Economic Times of India, the demand for gold rose in India as a result of farmers getting more for their crops. Clearly, it has been a good harvest judging by the 15% rise in gold purchases in December. The rising prices of crops like Soybeans, cotton and guar have boosted farming income.
How the Trump-North Korea Situation is Stimulating Gold
In the last few weeks, there has been a lot of tension in the Pacific as the Trump Administration decided to mobilise military forces near to the Korean Peninsula, a region that has always been hot.
The Life of a Happy, High-Tech Gold Prospector in Australia
Most people could think that lonesome gold prospecting is something from the past, only seen today in western movies. But the truth is that there still are many enthusiasts out there, especially in those areas of the world where gold is still abundant.
PAMP: What You Need to Know About this World-Class Bullion Company
If you have any interest in the gold industry and bullion world, it could be important to know about the biggest players in town. There are too many companies in this sector, so it’s paramount to filter those that make the most significant impacts on the market.
American Eagle Gold Coins for investment purposes
The American Eagle Gold Bullion Coins could be said to be the fastest gold bullion coins to establish a solid market position compared to all other gold bullion coins. This star gold bullion investment coins which were minted from gold that is mined within the borders of the United States are also considered legal tender according to the face value that is imprinted upon it which is considerably lesser than the net gold content worth of the coin.
The Turkish Precious Metal Market
The precious metal market in turkey in 2012 aroused the interest of the world partly due to the demand stemming from the Turkish market which astounded traders coupled with a rumour that Turkey was prepared to trade the precious metal with crude oil from Iran despite international sanctions.
Dubai’s Investors and Gold Fans Are Seeing Opportunities in Falling Prices
For every penny gold goes down, there is a whole crowd of people trying to get the most. Trump’s victory didn’t stimulate the gold market as many experts expected. In fact, the precious metal dropped to its lowest point in five months.
Losing Gold Market Remains Highly Profitable for Australians
While international markets keep losing value when it comes the yellow market, this doesn’t represent a huge problem for the production industry in Australia. Even with the falling prices, the profits for Australian producers are massive.
