£4billion of gold is secretly flown from London to Poland: 8,000 bars weighing 100 tons is returned after it was hidden from the Nazis in Britain during WWII Poland has repatriated £4billion worth of gold from London to Warsaw in a top-secret operation involving planes, helicopters, high-tech trucks and specialist police, writes the Mail. You […]
Brexit and Diwali Affecting Gold Prices in the Short Term
By Mario Innecco. This last week has seen big swings in the foreign exchange market as sterling or cable has risen from $1.22 to a present level of $1.2850. Gold or in dollar terms, on the other hand, has remained fairly steady around the $1475 to $1515 range. The gold price in sterling (xaugbp) has taken […]
The relevance of gold as a strategic asset
“Gold is a highly liquid yet scarce asset, and it is no one’s liability. It is bought as a luxury good as much as an investment.” writes the Gold Hub. An interesting analysis from a Japanese perspective, editions are also available for the UK and US. Read more here.
US – China Trade War concerns effect on Gold Price
Concerns over the possibility of a full blown US – China Trade War have had a marked effect on the price of Gold recently. Barani Krishnan at Investing.com writes: With China As ‘Currency Manipulator,’ Gold Bulls Can Aspire To $1,800 Gold bulls are on a high ride they haven’t been in a while, and the […]
H1 gold demand jumps to three year high in 2019, driven by central bank buying and ETF inflows
Global gold demand grew to 1,123t in the second quarter of 2019, a rise of 8% on the same period last year, according to the World Gold Council’s latest Gold Demand Trends report. Continued central bank buying and sustained growth in gold-backed exchange-traded funds (ETFs) were the key drivers of this increase. Taken together with […]
$11million ‘Mother Lode’ of Gold Discovered in Australia
An incredible discovery of gold in Western Australia is being described as a ‘mother lode’ after it was discovered to be worth over $11million. What was discovered? One of the stones discovered weighed in at 95kg which contained nearly 2500 ounces of gold. Over the space of the week after its discovery, the haul was […]
The World’s Most Expensive Precious Metals
There are many precious metals out there, each with different historical and financial merit. From the intrinsic value of gold to the dense and striking iridium. We’re going to take a look at the five most expensive precious metals and what makes them so valuable. 1. Rhodium Rhodium is the most expensive metal in the […]
Romantic 17th Century Treasure Found in Essex
A ring thought to be from the 17th century has been declared as treasure by the Essex Coroner Service, amongst other items that date back to the era. The historic nature of the ring, as well as the romantic and somewhat mournful words written on it, has caused great interest for historians, collectors and the […]
Cryptocurrency Crash Could Signal Rise in Safe Havens Gold & Silver
The cryptocurrency market has seen a massive downturn in value recently, with frontrunner bitcoin dropping more than $1000 in just twenty-four hours. This led to a snowball effect with other cryptocurrencies, including ethereum and ripple. The reasons behind this drop remain largely unknown, although many within the trade industry state that the news of Goldman […]
Australian Mint Release Gold & Diamond Coin Worth $2.5m
Australia has along history with precious metals dating back to its very own gold rush in the middle of the 19th century. So it is quite a statement to say that the Royal Perth Mint has produced the most expensive ever collector coin in the country’s history with the unveiling of the gold and Argyle […]
