China Mainland Gold Import Accelerating

http://www.ingoldwetrust.ch/china-mainland-gold-import-accelerating China Mainland Gold Import Accelerating This week the the Hong Kong Census and Statistics Department officially released their trade numbers from October. Whilst they offer specific numbers in advance to anybody willing to pay, I rather wait for the total booklet to be published free of charge. Most...

Russia, Kazakhstan Extend Gold Purchases as Prices Tumble

Russia, Kazakhstan Extend Gold Purchases as Prices Tumble Russia and Kazakhstan expanded their gold reserves for a seventh straight month in April, buying the metal to diversify assets even as prices slumped the most in three decades. Russian holdings, the seventh-largest by country, climbed 8.4 metric tons to 990 tons, taking gains this year to 3.4 percent after expanding by 8.5 percent...

Australian amateur prospector finds massive gold nugget

Australian amateur prospector finds massive gold nugget  An amateur prospector in the Australian state of Victoria has astonished experts by unearthing a gold nugget weighing 5.5kg (177 ounces). The unidentified man, using a handheld metal detector, found the nugget on Wednesday, lying 60cm underground near the town of Ballarat. ...

Gold Lures Japan’s Pension Funds as Abe Targets Inflation

Gold Lures Japan’s Pension Funds as Abe Targets Inflation   Japanese pension funds, the world’s second-largest pool of retirement assets after the U.S., will more than double their gold holdings in the next two years as the new government pushes for a higher inflation target, according to an adviser to the funds. Assets held...