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Gold bullion News

Germany to check its gold reserves stored in United States

German government auditors have requested the Bundesbank, Germany’s equivalent of the Federal Reserve, to check up on Germany’s gold reserves much of which are in secure storage at banks abroad.

Op-Ed: QE III: Pushing On A String

Initially, the stock market interprets inflation as a positive, as price increases on goods sold fall to the bottom line. Subsequently, rising costs wipes out all benefits of inflation to companies.

Gold ATM machine activated in China, 2,000 more to be installed

Beijing - China is one of the world's largest producers and purchasers of precious metals, especially gold and silver. Beijing has now unveiled its first gold ATM machine in a shopping district. More than 2,000 will be installed in the next two years.

Donald Trump exchanges lease for gold bullion

New York - Donald Trump has made an unusual business transaction by leasing space in Trump Tower in exchange for a payment in gold bullion instead of dollars.

First ever gold bullion vending machine opens in Boca Raton

Boca Raton - Last week, PMX Gold launched the first ever gold-to-go dispensing ATM at the Town Center Mall located in Boca Raton, Florida. The vending machine offers gold bullion in real-time prices as quickly as possible.

Yahoo! Finance mistakenly lists gold bullion at $3,401 (video)

For a brief moment, during the late morning trading session, Yahoo! Finance listed gold bullion trading at $3,401, which would have been an astronomical increase by 175 percent. However, it was a mistake but gold is still trading near record highs.

Ron Insana: Ron Paul doesn't understand basic economics

New York - Republican Congressman Ron Paul doesn't have an understanding of basic economics and doesn’t know how to invest, at least that’s what CNBC senior analyst and commentator Ron Insana thinks.

New gold bullion-backed credit cards being introduced soon

Since new credit card laws are being instigated, companies are taking the opportunity to create a credit card specifically for those who want to purchase gold bullion, which could turn millions of Americans into gold bugs.

IMF to begin sales of 191.3 tons of gold bullion 'shortly'

The International Monetary Fund has announced that it will begin to sell 191.3 tons of gold bullion soon to reduce its dependence on lending revenue.

Marc Faber: The Federal Reserve doesn't understand credit growth

Publisher of Gloom Boom Doom and financial guru, Marc Faber, participated in Barron's round-table this week with an all-star panel to discuss the current state of the financial system and gold possibly hitting a record high of $1,600.

Max Keiser: India, China and Germany to buy large amounts of gold

Independent financial analyst and owner of Karma Bank, Max Keiser, sat down with Russia Today this week and said three nations will announce the purchase of large quantities of gold bullion: India, China and Germany.

Man attempts to give away one-ounce gold coin for free

California resident Mark Dice tried to, once again, give away a one-ounce Canadian Gold Maple Leaf Coin for free just by answering a simple question: How much is gold worth?

Gold reaches record high of $1,200

Last week, gold was trading just below $1,200USD and then contracted to $1,186 but on Tuesday morning gold hit the $1,200 mark.

U.S. Mint to temporary cease one-ounce American Eagle gold coins

The United States Mint has announced that it will suspend the sales of one-ounce American Eagle gold coins until early December because of depletion in inventory.

Miners: Gold production will continue to decline

After hitting nearly $1,200USD on Thursday morning, gold miners across North America believe gold production will continue to fall as deposits are being exhausted.

India may buy more gold from IMF, gold soars

Earlier this month, the government of India purchasd $7 billion worth of gold bullion and now there have been talks that India may buy more from the International Monetary Fund. When this news report hit, gold hit another benchmark at $1,180.

Gold continues to hit record-highs, US Dollar falls Special

As the entire world continues to print more money, especially the United States Federal Reserve System, gold bullion, and other precious metals, continue to soar.

Jim Rogers: Gold will hit $2,000, Dollar will lose reserve status

Famed investor and co-founder of the Quantum Fund, Jim Rogers, told Tech Ticker that one ounce of gold bullion will hit $2,000 and the United States Dollar will lose its reserve status.

Peter Schiff: Gold to hit $5,000 per ounce

Peter Schiff, President of Euro Pacific Capital and author of "Crash Proof 2.0," recently spoke with Fox Business News about this week's surge in gold prices and foreign mining stocks.
 

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