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gold bars

Not all that glitters is gold

This week we saw another gold counterfeit scandal, this time out of New York, with tungsten-filled gold bars being discovered by a highly reputable dealer. It is very hard to detect tungsten fakes by traditional measures, since tungsten (atomic number 74) has a high density, which is 19.3 times that of water, and comparable to that of ...

2012-SEP-21 · The GoldMoney News Desk

buy gold, gold bars, gold test

Vietnam increases gold market controls

The State Bank of Vietnam is instituting a de facto nationalisation of Vietnam’s gold market, in an effort to restore confidence in the country’s currency – the dong. Vietnam is suffering from a growing current account deficit and record-high inflation. The government's new measures will have unpleasant side effects, as ...

2012-APR-11 · Roman Baudzus

buy gold, gold bars, inflation, Vietnam

Indian gold taxes ‘hurting traditional culture’

The Indian government’s recent decision to significantly raise taxes on gold imports is being subject to increasing criticism from members of parliament, investors and dealers, with some describing the measures as an attack on traditional Indian culture. Many dealers are afraid that their businesses will suffer significant losses, ...

2012-APR-06 · Roman Baudzus

buy gold, gold bars, India, WGC

Turkey aiming to become big gold producer

Turkey is one of the Eurasian countries with great expectations about increasing gold production. According to experts, Turkey has 23 million troy ounces of the yellow stuff waiting to be mined. The Turkish government is subsidising gold production in the hope of encouraging further growth in the sector. Last week the Canadian mining ...

2012-APR-02 · Roman Baudzus

buy gold, gold bars, inflation, mining, Turkey

Vietnamese state exerts further control over national gold market

The Vietnamese central bank has announced that it will take over Saigon Jewellery Company (SJC), the country's largest gold dealer. This move will have a strong impact on the local gold market, since SJC has a 90% market share. The Vietnamese government aims to control the national gold market via its central bank. The Bank of Korea has ...

2011-DEC-02 · Roman Baudzus

gold bars, gold coins, inflation, South Korea, Vietnam

Venezuela celebrates gold repatriation

A few months ago the Venezuelan president Hugo Chavez announced that he intented to repatriate the country's gold reserves from abroad. Last Friday the first gold bars arrived at Caracas airport. Chavez dramatised the transportation of the gold bars by having his political supporters cheer the motorcade on its journey from Maiqueta ...

2011-NOV-29 · Roman Baudzus

Bank of England, central banks, gold bars, USA, Venezuela

What is the Pan Asia Gold Exchange?

China’s Yunnan Province, the southernmost tip of China, is often referred to as the “gateway to Southeast Asia,” sharing borders with Vietnam, Laos, Burma, and Tibet. After virtually two millennia as a commercial and agricultural hub, this strategically-located province and its new development have been receiving little ...

2011-NOV-25 · Vincent Le

buy gold, buy silver, China, Comex, gold bars, PAGE

Central banks in gold rush

Central banks around the globe have joined the gold rush, as the World Gold Council's latest report makes clear. This is especially true of the central banks of rapidly growing emerging countries. Up until the third quarter, the central banks of Russia, China, Thailand and Mexico increased their gold reserves six-fold in comparison with ...

2011-NOV-21 · Roman Baudzus

buy gold, central banks, Fed, gold bars, quantitative easing

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