Sunday, August 14, 2016

American Gold Bullion

October 30, 2009 by · Leave a Comment 

Even though multitudes of American investors have lost faith in Wall Street and our nation’s banking system, they can still show their patriotism by purchasing American gold bullion, as they convert their wealth into precious metal diversification. Traditional investments in stocks and bonds have had their overextended course of contrived prosperity, now it’s time to [...]

Harmony’s first-quarter gold output up 6%

October 30, 2009 by · Leave a Comment 

South African-based gold-miner Harmony Gold recorded a 6% quarter-on-quarter increase in production to 11 615 kg of gold during the quarter ended September 30, 2009, but CEO Graham Briggs warned on Friday that the company might have to restructure some of its lowest-grade, highest-cost operations as a result of the strengthening rand. Both the underground [...]

Apocalypse postponed – gold bugs please note!

October 30, 2009 by · Leave a Comment 

A refreshing look at gold and the latest happenings in the financial marketplace in the U.S. from Sara Patterson, regular commentator on Kitco.com where this article has already appeared. Read more….

Gold to Rise to $2,000 Amid ‘Massive’ Inflation, Superfund Says

October 29, 2009 by · Leave a Comment 

By Kim Kyoungwha Oct. 28 (Bloomberg) — Gold may rise to a record $2,000 an ounce in the next three years as investors hedge against “massive” inflation sparked by governments printing money, according to Superfund Financial Singapore Pte’s Aaron Smith. “In the next few years, after the deflation cycle, we’ll see massive inflation,” Managing Director [...]

Rand strong for next 12-18 months – Gold Fields

October 29, 2009 by · Leave a Comment 

South Africa’s second-largest gold producer, Gold Fields, said on Thursday that it expected the rand to remain strong for the next 12 to 18 months. "We’ve made peace with the rand being where it is and we are structuring our business around current levels," Gold Fields CEO Nick Holland said. He said that Gold Fields [...]

Vedanta unit Sesa Goa under fraud investigation

October 29, 2009 by · Leave a Comment 

India’s Sesa Goa, a $5-billion unit of London-listed metals group Vedanta Resources, is being investigated by the Indian government for financial and other irregularities. India’s largest iron-ore exporter said on Thursday it and its unlisted Sesa Industries (SIL) subsidiary were under investigation by the Serious Fraud Investigation Office (SFIO), and the probe had to be [...]

China Investment Corp to invest $700m in second Mongolian mining deal this week

October 29, 2009 by · Leave a Comment 

The deal, with Hopu-backed Iron Mining, represents the Sovereign Wealth Fund’s determination to move from financials into mining. Read more….

Vedanta Resources unit investigated by fraud

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Sesa Goa is being investigated by the Indian government for financial and other irregularities Read more….

Sovereign wealth funds to focus on commodities, emerging markets in 2010

October 29, 2009 by · Leave a Comment 

While financial stocks will take a back seat Read more….

Buy Gold Bullion

October 28, 2009 by · Leave a Comment 

When strictly short-term investors buy gold bullion, many of them prefer the affordability of bullion bars, because their utter simplicity warrants the lowest possible investment- grade gold price. Short-term investors generally purchase one- ounce, and/or ten-ounce bars, whose prices usually hover slightly above the current gold spot price, which is the cost of one Troy-ounce [...]

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