Coins Minted for Expo

Tuesday, September 29, 2009
Four limited edition gold bullion coins were issued yesterday to mark the 2010 World Expo. The coins have been minted by the Bureau of Shanghai World Expo Coordination and the China Gold Coin Inc.The coins are in four different sizes weighing 500 grams, 100 grams, 50 grams and 20 grams.Only 100 of the 500 gram coins have been minted making it rare limited edition which will be desirable to collect... More...

IMF Approves Sale of Gold

Monday, September 28, 2009
The International Monetary Fund has given the go ahead to the sale of 403 metric tonnes of gold reserves. This action is likely to raise $13 billion of cash to restock its reserves for lending to low-income countries who have been hit be the global recession.The sale totals approximately an eighth of the IMF’s stockpile and the decision to sell comes at a time when the price of gold has hit record... More...

Anglo Saxon Gold Haul on Display from Tomorrow

Thursday, September 24, 2009
The UK’s most significant and largest haul of Anglo Saxon gold has been unearthed from beneath a Staffordshire field and are on display. The haul is thought to contain over 1,500 artifacts which have lain undiscovered since the 7th Century.The gold was discovered recently by a man using a metal detector and a spokesperson for the British Museum has stressed that the find is of huge archeological s... More...

Mining Share Prices Boosted by Gold Price

Wednesday, September 23, 2009
The continued rise in the price of gold, as more investors buy gold, is having a knock on effect on the price of gold mining companies’ shares.According to various articles in the media the leading international gold mining companies shares have raised in value sharply since gold broke through the $1,000 per ounce mark earlier in September. Companies reporting increased share value include Shandon... More...

Bullion Price Edges Towards Record High

Tuesday, September 22, 2009
Gold led trading this week with the price of bullion moving closer and closer to the record high of $1,030.80 a troy ounce which was set in March 2008. Prices reached $1,023.85 last Thursday but then dropped back again to $1,012 on Friday. This means that overall the price of gold is up 0.7% on the week. The price is gaining in strength as investors buy gold because of concerns about inflation and... More...

Growing Market for Gold

Wednesday, September 16, 2009
China is emerging as a rapidly growing market for gold and coupled with the move to buy gold by investors who see it as a recession proof investment gold hit a historic high last week topping $1,000 an ounce.Adverts are appearing everywhere, on the television, in newspapers and on leaflets pushed through the letter box, encouraging people to take advantage of the high price of gold by selling thei... More...

Anniversary of Lehman Brothers Collapse

Tuesday, September 15, 2009
Today marks the first anniversary of the collapse of the once esteemed investment bank Lehman Brothers. The resulting financial panic threatened to destroy the global economy and sent us spinning into a massive global recession.The lesson to be learnt for investors is that our complex financial systems can be very unstable.This is why financial experts, commentators and prudent investors are turni... More...

Gold Hits Six Month High

Thursday, September 10, 2009
For the first time in six months, the gold price has reached $1,000 an ounce. Some experts are suggesting that the rise could be due to investors believing we are moving out of global recession and we may shortly enter a period of inflation.However, others are arguing that it’s not an indication of global recovery but points to investors continuing to buy gold because it is a reliable investment i... More...

How Safe are Your Bank Investments

Monday, September 07, 2009
Remember that money you save in a bank will only be insured up to the Financial Services Authority (FSA) saver protection limits.Therefore, if an FSA authorised bank or building society is unable to pay back deposits held with it the Financial Services Compensation Scheme (FSCS) will only pay back the first £50,000. If your savings are greater than this amount you will lose your savings over £50,0... More...

Figures Point to a Seasonal Surge in Demand for Gold

Wednesday, September 02, 2009
Records show that September has historically always seen a rise in the demand for gold. This is explained by the fact that it is the start of the holiday season in many of the countries which have the greatest demand for gold like India and the United Arab Emirates.It is the time of year when preparations are made for many religious festivals like Ramadan. The end of Ramadan is celebrated with the... More...