The media reports about the situation in the gold market over the past year. For example, a consultancy company Metals Focus determined that the leading position in the world of gold, is occupied by China, Australia, Russia, the USA and South Africa. Peru, Canada and Mexico remained slightly behind. The largest increase in gold production is observed in Canada, Indonesia and Russia.
Category: Gold news Publication date: 2014-06-02 10:00
Due to the recent scandal involving the South African currency Krugerrand, there are many concerns about the authenticity of investment and collection gold coins. Let's recall that in the center of events there was an investigation of the South African Central Bank. The investigation revealed that in some collection coins Krugerrand there was a lack of about 5 percent of the yellow metal.
Category: Gold news Publication date: 2014-05-30 10:00
The results in the middle of May, showed that the prices of precious metals in the market increased. Experts explain this fact with the decrease of the US dollar rate. The elections in India has a positive effect in the price of gold. According to the results of the elections, there could be a change in the rules connected with the import of gold. The indicators showed in 16 May, that the cost of gold fell to the level of support of 1.300 dollars per ounce.
Category: Gold news Publication date: 2014-05-29 10:00
Vietnam is one of the most profitable countries to buy jewelry. In particular it concerns precious metals such as gold. In most countries around the world, gold jewelry and other precious metals are much more expensive than the same in this country. Many farsighted people often buy in Vietnam products and raw materials in bulk and then sell it in other countries.
Category: Gold news Publication date: 2014-05-27 10:00
The South African gold coin, named Krugerrand, appeared in 1967. The peculiarity of this coin is that it contains pure gold, one ounce. With the introduction of this coin, the investment in gold has become even more popular in the country. After the release of the South African gold Krugerrand, many countries have also followed the example of South Africa, and released their gold investment coins.
Category: Gold news Publication date: 2014-05-26 10:00
If we have a look at the changes in the price of gold lately, we do not see a sharp fall or rise. Nevertheless, the overall trend was of growing. Since the end of March the gold market did not show the best results, but the situation was improved in April. The price of gold stabilized during the month holding a narrow range.
Category: Gold news Publication date: 2014-05-23 10:00
Until recently, the United States experienced a decline in the gold mining industry. This was primarily due to the depletion of many gold fields, where gold is mined for a long time. However, experts are studying the country, searching for new gold deposits. The U.S. has not only the possibility of discovering new places, but also gold mining companies that can develop new fields. Now in the United States there are numerous geological explorations along with the discovery and development of new sites for gold production.
Category: Gold news Publication date: 2014-05-22 10:00
Dennis Gartman, a famous economist and a master of self-promotion, he openly showed more than once that he is critical to the current monetary system. Moreover, he proved the value of the yellow metal for some years and was absolutely right. We can learn about his opinion of the relationship of oil and gold from his last statements.
Category: Gold news Publication date: 2014-05-21 10:00
Gold mining in Canada began to develop approximately in 1824, that time gold was mined mostly by single miners, and the amount of produced gold was scanty. More effective gold production began during the gold rush in Alaska. At the same time infrastructure began to develop rapidly in the area. On the river Klondike there were opened gold fields.
Category: Gold news Publication date: 2014-05-20 10:00
If you do the analysis of the gold market over the past few months, you can see that the price of the yellow metal either fell or rose, but the trend was not significant. Back in late March, there was a decline in the gold market. At the beginning of April, the gold market showed its growth, together with the markets of other precious metals, again due to the increasing U.S. dollar.
Category: Gold news Publication date: 2014-05-16 15:00
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