Mvelaphanda Resources, the South African investment company commenced by a former anti-apartheid fighter, declared that Paulson & Co. hasn’t been in contact about purchasing its remaining stake in Gold Fields Ltd. For full story, click here
Australia’s smaller gold miners are showing an urge to merge in an effort to bulk up and court investment funds that are being drawn to the sector due to the soaring bullion prices. DJ Carmichael & Co mining analyst James Wilson, stated: There’s movement afoot in the smaller end of town and a recognition that [...]
India gold futures may extend losses for a third week tracking a strong dollar overseas, dimming the yellow metal’s appeal as an alternative investment. For full story, click here
Today’s panic-driven markets are wiping out your portfolio. But a simple investment in gold and silver can provide the safety you need for today’s economy. For full story, click here
HSBC increased its 2009 gold price forecast to $875 from $825 an ounce, as inflation concerns spur strong investment demand for gold exchange-traded funds and bullion coins and bars. James Steel, chief commodities analyst at HSBC, stated: Inflation fears are supporting gold … Possible USD (U.S. dollar) weakness remains a potential source of support. Stagnant [...]
By Kishori Krishnan, Exclusive to Gold Investing News Mumbai, India It’s a new form of gold rush. Prospectors, jewelery stores and pawnshop counters are passé in the wake of this new feed. The feverish charge for the yellow metal is now unfolding across corporate offices, mutual fund counters and retail stores across India. The biggest [...]
Centerra Gold Inc. has declared a new agreement with the government of Kyrgyzstan will allow it to resume extensive exploration in and around the Kumtor gold mine, including a large investment in underground development. For full story, click here
For years while the equities market was hot, many investors stayed away from gold, thinking it a poor investment. However, given recent events, including a weakening dollar and the potential for stimulus/bailout induced inflation, many of those investors are now looking to gold as a long term safe haven. In response, for 2009 The MoneyShow [...]
Rise in gold investment demand ensured that gold sustained an average of US $872/oz in 2008 representing 25% growth over previous year. For full story, click here
Even as the current economic conditions have dripping returns from other forms of investment, Indian housewives who have been passionate enthusiasts and investors in the yellow metal are reaping the rewards. World Gold Council MD Ajay Mitra stated: The Indian housewife has turned out to be the best fund manager. Gold jewellery has been treasured, [...]
Thursday, July 2, 2009