Gold Rebounds With Silver After Worst Annual Retreats Since 1981 (Jan 2014)

market_rig

Source: Bloomberg – Gold Rebounds With Silver After Worst Annual Retreats Since 1981

Notable excerpts:

Gold rose to a two-week high in New York, rebounding from the worst year in three decades, as a drop to a six-month low was seen spurring physical purchases and prompting some investors to reverse bearish bets. Silver jumped.

Continue reading

Germany to repatriate gold from US, France (Dec 2013)

gold_vault2

Source: RT – Germany to repatriate gold from US, France

Notable excerpts:

Germany’s Bundesbank plans to store half the national gold reserves in its own vaults by 2020. It will mean the return of 700 tons of the precious metal from the US and France.

Continue reading

US sends $1-billion worth of gold to SA (May 2013)

central_bank-gold

Source: Mail & Guardian – US sends $1-billion worth of gold to SA

Notable excerpts:

Unusually large shipments recently of gold totalling $1.1-billion from New York to South Africa, one of the biggest producers of gold in the world, has set off rumbles in the business world, but Rand Refinery says it is just business as usual.

Continue reading

Gold Vault Opens in China as Bullion Goes From West to East (Nov 2013)

gold_vault2

Source: Bloomberg – Gold Vault Opens in China as Bullion Goes From West to East

Notable excerpts:

A gold vault that can store 2,000 metric tons, double China’s projected consumption this year, opened in Shanghai this month as owner Malca-Amit Global Ltd. seeks to benefit from rising demand in Asia’s largest economy.

BullionVault

Continue reading

UK gold exports to Switzerland surge as investors sell ETFs (Oct 2013)

central_bank-gold

Source: Reuters – UK gold exports to Switzerland surge as investors sell ETFs

Notable excerpts:

A surge in gold exports from the United Kingdom to Switzerland this year may largely be the result of metal sold out of exchange-traded funds being shipped for re-refining before making its way to Asia, according to Australian bank Macquarie.

BullionVault

Continue reading