Welcome to Gold Investor Monday, February 17 2025 @ 12:07 am EST
Columbia's illegal gold mining crisis
- Wednesday, February 11 2015 @ 04:53 pm EST
- Views: 6,689

"Long known for the cocaine trade and kidnappings, Colombian rebel groups and criminal gangs have turned from drug sales to illegal gold mines to fund their activities. Those mines are increasingly responsible for driving people out of their homes. Colombia has the second-largest number of displaced persons worldwide, just behind Syria, according to the United Nations."
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Chinese herder strikes gold with 17 pound nugget
- Monday, February 09 2015 @ 04:37 pm EST
- Views: 6,841

Xinjiang herdsman finds 17-pound gold nugget that was "practically lying on bare ground" http://t.co/lr7c8bFUnt pic.twitter.com/IJLrmKa5co
— China Xinhua News (@XHNews) February 5, 2015
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China to have more say in gold price fix
- Monday, February 02 2015 @ 11:02 am EST
- Views: 6,562

"No Chinese companies have ever directly participated in the 95-year old price-setting ritual that takes place twice daily by phone between four banks. ICE Benchmark Administration was chosen in November to run the replacement, after silver, platinum and palladium ditched daily fixings last year. Chinese gold demand has more than doubled since 2009. “We are encouraged by the number of firms who have shown interest in being participants in the new, electronic auction,” Finbarr Hutcheson, president of IBA, said in the statement. “Expanding the number of participants in the auction will increase the transparency and robustness of the data” and better represent the market price, he said."
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Ukrainian gold swap
- Tuesday, December 23 2014 @ 11:16 am EST
- Views: 7,146

"Cunning fraudsters have conned the Ukraine Central Bank branch in Odessa into buying $300,000 worth of gold which turned out to be lead daubed with gold paint. “A criminal case has been opened and we are now carrying out an investigation to identify those involved in the crime,” a spokesman for the Odessa police force is quoted by Vesti. The news was first reported by Odessa’s State Ministry of Internal Affairs. A preliminary investigation suggests the gang had someone working for them inside the bank that forged the necessary paperwork to allow the sale of the fake gold bullion. It’s also been discovered that bank staff were not regularly checked when entering or exiting the premises."
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Harry Dent talks gold price and the market
- Friday, December 19 2014 @ 09:36 am EST
- Views: 6,668

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Nouriel Roubini talks currency wars and price of gold
- Thursday, December 04 2014 @ 10:30 am EST
- Views: 3,204

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Swiss Central Banker warns against gold referendum
- Tuesday, November 25 2014 @ 07:04 pm EST
- Views: 3,693

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Putin’s gold buying spree
- Wednesday, November 19 2014 @ 11:55 am EST
- Views: 3,156

“We are able to buy enough gold to diversify our gold and currency reserves…”
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Ron Ensana also calls for $800 gold
- Thursday, November 13 2014 @ 02:42 pm EST
- Views: 3,004

"While it's true the nation's money supply has ballooned, along with the Fed's balance sheet, and other broad measures of money, the velocity of money (the speed with which money circulates through the economy, continues to fall. That is a factor that restrains inflation and augurs poorly for gold going forward. While gold might be good for a trade, if the dollar pauses from its recent, and rapid, ascent … to me, the longer-term view remains bleak."
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ISIS would like to bring back Islamic gold dinar
- Tuesday, November 11 2014 @ 10:50 am EST
- Views: 3,572

"The currency known as the dinar, which once consisted purely of gold and silver coins, is today used by a variety of countries, but the coins are created from different materials to the originals. However, the jihadi group is understood to be planning to return to the original gold and silver coins, which were first introduced during the Caliphate of Uthman in 634 CE. The original Islamic dinar was a gold coin which was the weight of gold equivalent to 4.3 grams. Its silver counterpart, known as the Islamic dirham, was a silver coin equal in weight to 3 grams of silver. Both were round in shape and one side of the coin was typically stamped with an Islamic message, while the other side featured the date of minting and the country’s ruler."
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