Category: Gold Mining Sector
In the precious metal sector, palladium has gone up by 7.8%, by the 25 September because of China buying a lot of gold. The World Gold Council has reported that central banks have added 193.3 tons to the vaults in a six month period. This is 8% more than the amount recorded during the same […]
China’s mining indicators could be behind of an upcoming rally for mineral commodities and mining stocks in global markets. Many publications online are arguing that the conditions are almost set in the Asian superpower to trigger a huge hike in the mining sector. According to Capital Economics, a London-based research and consulting firm, China’s industrial […]
Based on facts, there is a humongous amount of gold in space, one study of an asteroid in particular reveals that within its core lies precious metals worth a minimum of $20 trillion dollars. The NEAR (Near Earth Asteroid Rendezvous) spacecraft that passed the Eros asteroid revealed that the 33 X 13 KM banana shaped […]
A few concerns that have become prominent in association with the gold market over the last 24 months will without doubt continue to play its hand right through 2016 with the first being the strong U.S. dollar which has placed an enormous amount of pressure on the prices of the precious metal. This is because, most of […]
The gold standard was an arrangement by interested nations to fix the prices of their domestic currencies to a certain quantity of gold. National money, as well as other forms of money (such as bank notes and deposits), was freely converted into gold at the predetermined price. England implemented a de facto gold standard in 1717 and […]
After harsh days, Greece finally had a clear answer for the European Union and its central bank. The Greek said no to all the new austerity measures. However a week later, Greeces prime minister went back on the peoples wishes, the leader of the anti-austerity party Syriza caved in, and paved the way for more […]
