Gold – Page 9 – THE OVAL CIRCLE

Bullion beats sanctions: Muslim states may switch to gold & barter trade

Posted on December 22, 2019December 22, 2019By Editor

Iran, Malaysia, Turkey and Qatar are looking into using gold and barter for trade to shield themselves from any future punitive economic measures, Malaysian Prime Minister Mahathir Mohamad has announced. … Read More >Bullion beats sanctions: Muslim states may switch to gold & barter trade

Business

Gold ready to join ‘all-time-highs club’ as US dollar and equities can’t go up forever – commodity strategist

Posted on December 6, 2019December 6, 2019By Editor

With stock prices consistently breaking new records, a normal reversal is bound to happen sooner or later. That could boost gold to a new all-time high, says Bloomberg Intelligence (BI). … Read More >Gold ready to join ‘all-time-highs club’ as US dollar and equities can’t go up forever – commodity strategist

Business

People should ditch dollar, fiat currencies in general & buy gold which is ‘a real safe haven’ – Peter Schiff tells Boom Bust

Posted on November 12, 2019November 12, 2019By Editor

The real driver behind the rise of gold prices is the world’s central banks’ buying spree, says Peter Schiff of Euro Pacific Capital. … Read More >People should ditch dollar, fiat currencies in general & buy gold which is ‘a real safe haven’ – Peter Schiff tells Boom Bust

Business

Russia, China & Turkey push global gold purchases to new highs

Posted on November 5, 2019November 5, 2019By Editor

Global bullion holdings continued to rise in the third quarter of this year, with net purchases up 12 percent compared to last year, according to World Gold Council (WGC) data. … Read More >Russia, China & Turkey push global gold purchases to new highs

Business

What broke the bond between oil and gold?

Posted on November 4, 2019November 4, 2019By Editor

For decades, two of the world’s most-watched commodities, oil and gold, have typically moved in tandem. But lately, gold has been on steroids while oil prices have decidedly been on Quaaludes. … Read More >What broke the bond between oil and gold?

Asia & Pacific

13.5 TONS of gold found piled in Chinese ex-governor’s home (VIDEO)

Posted on October 6, 2019By Editor

One Chinese official has some serious explaining to do after investigators came across mounds of gold in his house in Haikou City, Hainan province. … Read More >13.5 TONS of gold found piled in Chinese ex-governor’s home (VIDEO)

Business

Russia adds $1.4 billion to its international reserves in one week

Posted on October 3, 2019By Editor

Russia’s international reserves, which include its gold and foreign currency holdings, have risen to $532.6 billion, representing growth of 0.3 percent in one week … Read More >Russia adds $1.4 billion to its international reserves in one week

Business

Russia estimates its oil reserves value at over $1 trillion

Posted on September 25, 2019By Editor

Russia’s Ministry of Natural Resources and Environment has estimated the market value of the country’s oil reserves at 74.5 trillion rubles ($1.2 trillion), which is nearly double the amount of last year’s valuation. … Read More >Russia estimates its oil reserves value at over $1 trillion

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