Amid concerns over the global financial crisis, investors are seeking a safe haven and plow billions into gold. In Australia, according to Nick Gardner for the Daily Telegraph, “demand has now reached such unprecedented levels that the Perth Mint, Australia’s biggest wholesaler of gold coins and bars, has been forced to ration its sales.” Perth [...]
According to the China Mining Association, “China’s futures transactions in 2008 hit a record high of 71 trillion yuan, including 1.49 trillion yuan for the newly listed gold futures contracts.” Based on recent exchange rate that’s $217.9 billion U.S. According to the statistics, 2008 saw “1.36 billion lots traded with an accumulated value of 71.9 [...]
Vancouver, British Columbia — Goldcorp Inc. [[GG]] — Today announced record fourth quarter gold production of 692,000 ounces. Gold production for the 2008 year exceeded 2.3 million ounces, meeting previously issued guidance. Goldcorp’s year-end unaudited financial statements are expected to be released on February 19, 2009. The calculation of operating costs for 2008 has not [...]
Vancouver, British Columbia – Goldcorp, Inc. [[GG]] is pleased to declare its first monthly dividend payment for 2009 of $0.015 per share. Shareholders of record at the close of business on Thursday, January 15, 2009 will be entitled to receive payment of this dividend on Friday, January 23, 2009. “Goldcorp has paid a monthly dividend [...]
1. Rich Dad’s Advisors: Guide to Investing In Gold and Silver: Protect Your Financial Future by Michael Maloney “Throughout the ages, many things have been used as currency: livestock, grains, spices, shells, beads, and now paper. But only two things have ever been money: gold and silver. When paper money becomes too abundant, and thus [...]
Listed below are figures of the gold supply and gold demand for the years between 2002 and 2007.
As other precious metals, gold is measured by troy weight and by grams. And when it is alloyed with supplementary metals the term carat or karat is used to specify the amount of gold present, with 24 carats being pure gold and lower ratings being proportionally less. The purity of a gold bar can also [...]
Unlike silver, there are a few Gold ETFs available for investors. There’s streetTRACKS Gold Shares [[GLD]], or Market Vectors Gold Miners ETF [[GDX]]. The main difference for both of these funds is the difference between what the fund focuses on holding. For streetTRACKS Gold Shares (GLD) the focus is physical gold, while the Gold Miners [...]
Toronto, Ontario –Peter Munk, Founder and Chairman of Barrick Gold Corporation [[ABX]], announced today that Aaron Regent has been appointed President and Chief Executive Officer of the Company, effective January 16th, 2009. “Aaron’s outstanding strategic capabilities and highly-focused results orientation will fit in well with Barrick’s unique corporate culture,” said Munk. “Our Board’s thorough and [...]
There’s never been a better time to buy American Eagle Gold Coins. An economic recession is almost assured. Along with the varied fluctuations in the stock market and the downward trend in the real estate sector, more investors are compelled to put their money in items that will hold value, such as gold bullion coins. [...]
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Drilling Starts at Columbus Gold’s Property
Columbus Gold Corporation announced today that drilling has started on the Company’s Summit Project where joint venture partner Agnico-Eagle Mines Limited ([stock AEM]) is earning an initial 51% interest by undertaking staged annual exploration expenditures and making annual cash payments to Columbus Gold. The current program will consist of approximately 4,000 feet (1,220 meters) of [...]