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  • Gold jumps 2.2% to 5-week high on disappointing retail sales

    • May 13, 2015
    • Category: News

    “Bad news is good news for gold”, as the saying goes, and Wednesday was no exception. New numbers from the Commerce Department showed disappointing April retail sales, boosting expectations that the Fed will wait to raise interest rates. In response, COMEX gold jumped by $25.80 (2.2%) to close at a five-week high of $1,218.20/oz. Silver also

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  • 7 Common Misconceptions About Gold

    • May 12, 2015
    • Category: Gold

    Gold is perhaps one of the most misunderstood physical assets out there. Below are seven common misconceptions we gathered about gold. 1. The United States Dollar is backed by gold. The U.S. dollar was backed by gold for some time, but is not anymore. After President William McKinley signed the Gold Standard Act in 1900, the U.S. went

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  • Infographic: Which Countries Produce the Most Gold?

    • May 7, 2015
    • Category: Gold

    Gold mining is a truly global industry that employs millions of people and contributes significantly to many economies. For instance, gold mining makes up 22% of Mali’s GDP and 14% of Peru’s government revenue. The oldest gold mine ever discovered, located near Georgia’s capital of Tblisi, is estimated to be approximately 4,000 years old. The deepest gold mine

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  • 15 Precious Metals Terms All Gold Buyers Should Know

    • May 5, 2015
    • Category: Buy Gold

    When entering the world of precious metals, it’s important to know the meanings of key terms you may hear often. Below are 15 of those terms and their definitions. For the sake of simplicity, “gold” in any of the definitions below can be replaced with silver, platinum, or palladium. 1. Ingot A mass of metal formed into

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  • This Week in Gold: Sideways trading continues

    Gold kicked off the week with a two-day rally, making its biggest one-day gain in three months on Monday and hitting a three-week high of $1,214.91/oz. on Tuesday, but fell sharply after Wednesday’s conclusion of the Federal Reserve’s monetary policy meeting. It finished the week at the discounted price of $1,178.90/oz. Despite recent weakness in housing, employment, manufacturing, consumer

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  • Karat vs. Carat: What’s the Difference?

    • April 30, 2015
    • Category: Gold

    Ever wondered what the difference is between karat and carat? The terms are often used interchangeably, but technically they are two different measures of two different things. When it comes to precious metals and gems, two terms that are often used are Karat and Carat. These two terms are often confused with each other, but they

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  • Gold hits 3-week high

    • April 28, 2015
    • Category: News

    Gold continued its rally Tuesday, hitting a three-week high as investors speculated on the Federal Reserve’s next move. The Fed concludes its two-day monetary policy meeting on Wednesday. “The last several days have given investors fresh reasons to buy gold,” writes the Wall Street Journal. Spot gold rose 0.9% to $1,213.90/oz. on the COMEX, the highest price

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  • Gold rallies 2.4%, Venezuela makes $1B gold swap

    • April 27, 2015
    • Category: News

    COMEX gold rose 2.4% on Monday to $1,203.20/oz., its biggest gain in over three months. What is believed to be one of the drivers of the rally is rather intriguing. In a deal with Citibank, the central bank of Venezuela has swapped a portion of its gold reserves for over $1 billion in cash, Reuters reported

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  • This Week in Gold: China, Russia, Greece, and more

    Gold grappled with geopolitical tensions and mixed economic data this week, ending the week at the attractive price of $1,181.40/oz. The escalating conflict in Yemen, Greece’s continued debt troubles, and weaker-than-expected U.S. housing and employment data lent support to the gold price. The weak data suggested the Federal Reserve may need to wait on raising interest rates. New information regarding Russia’s

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  • Russia’s gold appetite returns, China steps up its gold game

    • April 22, 2015
    • Category: News

    China and Russia, two of the world’s top gold-holding countries, are buying even more gold. China in particular is stepping up its gold game. As of March 2015, China has the sixth largest gold reserves in the world at 1,054.1 tonnes. Russia ranks fifth with 1,207.7 tonnes. See the full top 10 in our infographic: Which Countries Hold the

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