Central banks around the world added 425.4 metric tons of gold to their reserves last year, the biggest increase since 1964, according to the World Gold Council.
March 30th, 2010 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "World Gold Council"
When People Fear Inflation or a Falling Dollar They Find Refuge in Gold
Gold is also a target of greedy speculators sometimes, even when the going is good. According to a study done by the World Gold Council, you never know what gold will do.
October 5th, 2009 | Bill Bonner | 1 comment | Continued
September is the Best Month for Gold
Over the past four decades, September has been the best time for gold in terms of its month-over-month price appreciation. You can see this on the chart below – in a typical year, the price of gold in September rises 2.5 percent above its August price.
September 3rd, 2009 | Frank Holmes | 7 comments | Continued
The Big Question: What is the Aussie Gold Price Doing?
Speaking of gold, the U.S. gold price jumped up $14.10 to trade back over $900 again. It was the first time old yeller metal has traded there in three weeks. The World Gold Council reported that inflows of gold into exchange traded funds were 456 tonnes for the first quarter of the year. That compared to 321 tonnes for all of last year. ETF demand for gold is definitely one of the short-term drivers of the gold price…
April 24th, 2009 | Dan Denning | 4 comments | Continued
