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Precious Metals

Russia to sell precious metals, jewels worth $383m in 2012
02/23/2012
The repository also plans to buy up to three tons of gold for five billion rubles and diamonds from the country's state-owned diamond monopoly Alrosa for four billion rubles this year to replenish the reserves.
Singapore to exempt gold, other precious metals from tax
02/20/2012
The change brings Singapore's tax treatment of investment-grade gold and other precious metals in line with the practices of other developed countries such as Australia and Switzerland, he said.
China set to become biggest gold market
02/17/2012
India has for decades been the world’s largest gold market, but in the final quarter of 2011 demand tumbled by almost half from a year earlier as a collapse in the value of the rupee made gold more expensive for Indian buyers.
Gold and Silver Eagle Bullion Sales Slower After Brisk January
02/17/2012
For the month of February 2012 to date, the US Mint has recorded sales of 835,000 of the one ounce American Silver Eagle bullion coins.
Bullion company being investigated
02/16/2012
SFO staff have secured the company's financial records and made additional inquiries.
Billionaire Talking With Wealth Funds on Gold Stake
02/16/2012
Colombia’s gold deposits have attracted investment from Batista and AngloGold Ashanti Ltd, the third largest producer of the metal, after record prices and improved security following a government crackdown on drug-funded rebels.
World's first yuan-denominated gold ETF makes weak debut
02/15/2012
It was flat at midday at 35 yuan (US$5.60), with 30,000 units exchanging hands. Each board lot of the ETF is 100 units.
Warren Buffett: gold has no value
02/11/2012
Berkshire Hathaway chairman and famous investor Warren Buffett has dismissed gold as a "valueless asset".
De Beers profits from diamond boom
02/11/2012
De Beers produces more than a third of the world's rough diamonds from mines in South Africa, Botswana, Namibia and Canada
First Shariah-compliant hedge fund launched for retail investors
02/08/2012
The move, revealed by Mena FM, an HFMWeek sister publication, follows completion of the $40m fund’s three-year track record. It is the region’s only Shariah-compliant hedge fund to offer weekly liquidity with a minimum investment of $5,000.
HSBC maintains bullish 2012 gold forecast at $1,850 an ounce
02/07/2012
In early January, Steel slashed his 2012 forecast to $1,850 an ounce from its previous target of $2,025 after gold prices briefly entered a bear market in December.
Silver Eagle Bullion Coin Sales Top 6 Million
02/02/2012
After two slower months, sales of the United States Mint’s American Silver Eagle bullion coins rocketed higher in January 2012 to more than 6 million ounces. Sales of American Gold Eagles also jumped, reaching 127,000 ounces.
Senate Bill Seeks to Replace $1 Bills with $1 Coins
02/02/2012
On January 31, 2012, a bipartisan group of Senators introduced a bill which seeks to transition from $1 bills to $1 coins in order to save taxpayer money. The bill S. 2049 was introduced by Senators Tom Harkin and John McCain, and cosponsored by Senators
HSBC Moves 5% of Wealth Opportunities Fund Into Gold Miners
02/01/2012
HSBC Global Asset Management moved 5 percent of its Wealth Opportunities fund into gold miners as the bank bets on higher prices of both equities and the metal.
Why Are the Chinese Buying Record Quantities of Gold?
01/31/2012
Beijing does not release gold trade figures, so for this and other reasons the Hong Kong numbers are considered the best indication of China’s gold imports.
Central Banks Join the Gold-Buying Binge
01/30/2012
But to get back to the 1980s' average would require a 15-fold increase in gold's value
Measuring the Impact of Gold ETFs
01/26/2012
However, the relationship between ETF holdings and the price of gold isn’t clear-cut and may not be a reliable indicator for short-term moves, according to Wall Street analysts.
Jean Paul Gaultier designs gold bullion bar
01/16/2012
Billed as a 'fashionable way for investors to diversify holdings and hedge against inflation' (you can tell this wasn't written by a fashion PR), Gaultier's 24 karat bar is engraved with a heart, sun rays and the designer's name o
American Platinum Eagle Bullion Coins May Return in 2012
01/16/2012
The American Platinum Eagle was introduced in 1997, complementing the US Mint’s existing gold and silver bullion coin offerings. The Platinum Eagles were struck in .9995 purity and available in one ounce, one-half ounce, one-quarter ounce, and one-t
The world’s most exclusive business card is diamond encrusted
01/16/2012
Targeting ultra high net worth individuals across Europe, the Middle East and Asia; Black Astrum offers its clients the ultimate business card, carefully crafted to be a highly distinctive symbol of status and wealth. Read more: The world’s most ex
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