Welcome to Gold Investor Wednesday, August 27 2014 @ 04:58 PM EDT

Peru's environmental (gold) crisis

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  • Tuesday, August 19 2014 @ 03:52 PM EDT
  • Views: 73
Gold Gold has strong historic links to Peru, from the days of the Inca empire to the Spanish looting of South America's gold and silver hoard. And to this data, mining plays a big part of Peru's economy. But the country also has a large number of illegal gold mining operations which pay no attention to the environment and are in fact laying large parts of the Peruvian Amazon basin to waste. Nick Miroff reports more on this in a story in the Washington Post. Its an interesting look at both the depths that people will go to, in order to extract a small amount of the yellow metal and the swift and ruthless justice that is handed out to illegal gold mining operations by the Peruvian authorities.

Finders keepers? Not always.

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  • Monday, August 11 2014 @ 09:38 AM EDT
  • Views: 60
Other Workers demolishing a hundred year old home in St. Cloud, Florida thought they had hit pay dirt when they found over 60 pounds of silver coins hidden in glass jars within the walls of the home. But alas that was not meant to be as the loot of hundreds of silver half dollars, quarters and dimes was confiscated by the local police as the last owner of the house had over half million dollars in fines and levies owed, with the city having a lien on the property.

And in a somewhat similar story, workers in Normandy, France were working on a house and came across a treasure of their own. Once again hidden in jars, these workers found six gold kilo bars and 600 gold $20 coins from 1924 and 1927 - worth a total of over a million dollars in gold - and decided to split it amongst the threesome. After selling the stash to a local coin collector, they were arrested as they came under suspicion after depositing high value cheques.

David Morgan on the dollar's end game

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  • Friday, August 01 2014 @ 10:44 PM EDT
  • Views: 110
Other The tug of war between the deflationists and the (hyper) inflationists is enough to confuse most investors. Both scenarios are plausible and scary when taken to their extreme. David Morgan of Silver-Investor.com talks with The Doc & Eric Dubin of SilverDoctors.com and delves into many of the economic and investment topics that can help guide investors.

Indians still restricted on gold imports but can borrow more against their gold holdings

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  • Tuesday, July 22 2014 @ 02:06 PM EDT
  • Views: 107
Gold There was much "hope" that the incoming Narendra Modi government would ease up the gold import restrictions but if the new finance minister Arun Jaitley is to be believed, restrictions on gold import are likely to remain in place.

"Each step is being continued...efforts are being made to continue each of these steps," Jaitley said while referring to measures taken by the UPA government last year to contain Current Account Deficit (CAD) that touched a record high of 4.7 of GDP or $88.2 billion in 2012-13.

"The measures taken by the government and the RBI helped contain India's current account deficit to $32.4 billion in 2013-14 and build up foreign exchange reserves to a level of $316.4 billion on July 4, 2014," Jaitley said in reply to questions in Rajya Sabha."


Could Sudan become Africa's leading gold producer?

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  • Tuesday, July 08 2014 @ 09:36 PM EDT
  • Views: 152
Gold Sudan has been through a tumultuous (recent) past with the country being split up, based largely on the lines of religion and an ongoing problem with alleged support of terrorism. But the country is the third largest producer of gold in Africa and hopes to leap ahead of Ghana and South Africa before the end of this decade, to become the largest gold producer in Africa.

The Sudanese government, including its minister of mining, Ahmed Mohamed Sadiq al-Karuri, have been pitching the gold industry to visiting mining companies and governments. Any success in increasing mining of gold, and iron, chromium, and copper, would help the country make up for the loss of oil production, which is now located in South Sudan.

South African platinum miners strike to continue

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  • Wednesday, June 18 2014 @ 02:19 PM EDT
  • Views: 180
Other The ongoing strikes at South African platinum mines do not seem to be over anytime soon as the industry's union (ACMU) has made some brand new demands of the mining companies. This does not look good for platinum mining in South Africa, which accounts of 80% of worldwide platinum mining, but should be a positive for the price of the precious metal/commodity.

Let them eat gold

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  • Thursday, June 05 2014 @ 10:18 AM EDT
  • Views: 184
Gold What better way to jazz up that $160 sandwich than to top it off with some (edible) gold leaf? That's what chef Luke Venner has done at his NY based restaurant, BLT Fish. The request only lobster roll features lobster (of course), caviar and is topped with gold leaf. And people say "you can't eat gold".

Rickards lays out case for massive physical gold shortages

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  • Thursday, May 29 2014 @ 01:11 PM EDT
  • Views: 358
Gold Gold monetization has made trading, investing and in a sense manipulating of the precious metal a whole lot easier. But eventually investors won't be satisfied with a piece of paper and will want to hold the physical metal to negate any counter party risk. So says investor, commentator and author Jim Rickards. Jim has written a couple of very successful books; the most recent being The Death of Money and its predecessor, Currency Wars, which was published a couple of years ago. In this interview with Greg Hunter, Rickards lays out his views on some upcoming drastic changes to the current financial system which would affect the lives of billions of people. This is a must watch interview regardless of your views on gold.

Reserve Bank of India eases restrictions on gold imports

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  • Thursday, May 22 2014 @ 04:02 PM EDT
  • Views: 238
Gold Many gold watchers have been looking towards the newly elected Indian Prime Minister, Narendra Modi and his BJP government, to clarify their stand on legal gold imports into India. Now the Indian central bank (RBI), has already started easing some of the gold import restrictions by allowing an additional seven companies/entities to import gold. Reuters reports:

"The RBI eased tough gold import rules on Wednesday by allowing seven more private agencies to ship the precious metal, a move that industry officials say could augment supplies and reduce premiums in the peak wedding season."

"As a result, more than 20 entities, including state-run banks, private banks and agencies will now be allowed to import the metal. "This is a welcome step as it is some sort of relaxation. Supplies will increase in another 8-10 days and premiums will certainly come down," said Bachhraj Bamalwa, director with All India Gems and Jewellery Trade Federation."Some gold that was routed through illegal channels will now be routed legally."

Silver lies, and the liars

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  • Tuesday, May 13 2014 @ 01:36 PM EDT
  • Views: 257
Silver An interview with David Morgan of Silver-Investor.com and Rory Hall of TheDailyCoin.org delving into the realities of silver supply, (industrial/investment) demand and price of paper vs physical silver, especially Canadian silver Maple Leafs and American silver Eagle coins.

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