Gold and the evolution of the dollar

As more and more liquidity is pumped into the global financial system, so gold bugs have become increasingly vocal about the precious metals monetary properties and the importance of hard assets. And, for good reason, they argue, the metal has been used as a monetary asset for centuries.  But, while it remains a medium of […]

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Bullion banks “selling gold they don’t possess”. Squeeze alert!

The statement in the title relates to a frustrated comment in a recent King World News interview with John Hathaway, a renowned gold stocks analyst who manages the well-respected Tocqueville Gold Fund in the USA.  Now, this factoid will not be news to regular readers of Mineweb,  or to any avid follower of the gold market, and […]

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Investors roll snake eyes in $2.4m Vegas precious metals scam

“Las Vegas may now be competing with Florida as a hot spot for precious metals scams, as the U.S. Commodity Futures Trade Commission announced Monday it has filed an injunctive enforcement action against three Nevada companies who reportedly took in $2.4 million in a precious metals trading swindle.”   Continue reading on mineweb.com

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Jumping Chinese gold imports on pace to 1,000 tonnes

“Even as the Indian government is seeking to restrict gold imports and is coming down hard on gold loan companies across the country, China could well be on its way to import 1,000 tonnes of gold for the whole year if recent buying trends continue. China has imported through Hong Kong 129 tonnes of physical […]

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CFTC war on precious metals schemes snares supposed scam

“The U.S. Commodity Futures Trading Commission is keeping up the pressure on Southern Florida companies reportedly involved in multi-million fraudulent precious metals schemes—this time accusing the Worth Group and a brother and sister team of fraud in a scheme involving $73 million in precious metals sales. The complaint filed Tuesday in the U.S. District Court […]

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Silver outperforming gold as precious metals prices rise

“Weakness in the dollar, together with what appears to be a boost to Chinese industrial growth on the latest data, with a reduction in talk of Fed tapering has led to a mini-surge in the gold price, while silver has done even better living up to its tendency to outperform gold on the up.  For […]

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Silver motorbikes and staggering silver imports in India

“If any further indication was needed of India’s craze for gold and silver, here is more proof. After an entire car was decked out in gold plates by a major corporate in 2012, Silver Emporium, an Indian manufacturer and exporter of silver artifacts, has handcrafted an entire motorcycle from silver.”   Continue reading on mineweb.com

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