Articles Tagged "gold bars"

Gold Scams Shortchange Investors

By Kishori Krishnan Exclusive To Gold Investing News Every gold bug would cringe at this. Fraudulent games have expanded in the gold market. There are toxic bonds and phony gold bars. What does one rely on? Several conspiracy theories abound about the massive gold-fraud orchestrated by central banks, and the fact that the US Federal [...]

Benefits Of Holding Gold

By Kishori Krishnan Exclusive To Gold Investing News As investors the world over turn to a recognised store of value, gold demand has pushed through the US$100 billion barrier. Sustained investor interest in gold over the course of 2008 against a backdrop of the worst year on record for global stock markets and many other [...]

Gold Primes Itself For A Win-Win Situation

By Kishori Krishnan Exclusive to Gold Investing News Investment demand for physical gold remains strong as turmoil in the financial markets and fears over the outlook for the global economy boost the yellow metal’s appeal. Weakness in the banking sector, which saw Bank of America and Citigroup report large fourth quarter losses earlier on Friday, [...]

Has gold bullion lost its compass?

Mineweb(Editorial) reports gold has lost about 5%, lowest in this month with fears of global markets unstability. On Thursday, the dollar gold bullion price lost USD 40 an ounce, within minutes, shortly after trade started up in the Americas. The price plunged through the USD 800 an ounce level, before bouncing up a bit, and then fell [...]

SPDR Gold Trust holdings surge 30 T to record -source

Thomas Financial News reports the world’s largest gold-backed exchange-traded fund, New York’s SPDR Gold Trust jumped by around 30 tonnes on Monday which is the 2nd biggest in one day. Total holdings jumped to over 750 tonnes — about a third of global gold mine output — which appeared to be a new record high, and [...]

Gold extends gains as investors stuff money `under mattress’

Bloomberg.com reports gold prices made the biggest jump in 26 years with the worst financial crisis since 1920s. Gold also headed for its largest weekly gain since October 1999 after the U.S. yesterday took over American International Group Inc., the country’s largest insurer, and Lehman Brothers Holdings Inc. filed for bankruptcy. The Federal Reserve today almost [...]