Mining Journal reported today that Gold Fields [[GFI]] announced a plan to layoff 1,500 workers at mines in South Africa due to downsizing operations. “Oupa Komane, the deputy general secretary of South Africa’s biggest union, the National Union of Mineworkers (NUM), said the union had resisted the move,” reported the Mining Journal.
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 [...]
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. [...]
by: Paul Abbey A person may start purchasing gold coins for any number of reasons. One reason is they see them as a good investment, while some other person may choose to acquire them because they see the way gold actually increases in value. Even these days, you will find that coin collectors are highly [...]
The precious metal of gold has fascinated humans for thousands of years. But how do we actually get it out of the ground? Let’s take a look at the most common ways to mine gold. There are two main gold mining methods, one is called “placer” and the other is “vein” mining. And another type [...]
by: Peter Macfarlane Gold: the ultimate store of wealth that has been used since time immemorial. A hedge or in troubled times, a ‘safe haven’ in the current crisis. If your wealth is stored in gold, then who really cares if the financial system implodes? Empires, currencies and rulers have come and gone… but gold [...]
In 1967, the government of South Africa minted the gold krugerrand to increase the marketing of South African gold. Although the krugerrand is considered as legal currency in South Africa, it is rarely used for that purpose. Instead, it has become a favorite of coin collectors all over the world, known as “medal coins.” This [...]
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 [...]