A recent sunken treasure trove of gold bullion coins, thought to be worth over $150,000, was discovered off the coast of Florida this week. Treasure hunters, led by Captain Greg Bounds, found their hoard off the Indian Rivers shore. Treasure has previously been discovered along this stretch of coastline giving it the nickname of the “Treasure Coast”. The team had been searching for th... More...

In its 2010 annual report, the Bank of International Settlements said that "gold, which the bank held in connection with gold swap operations, under which the bank exchanges currencies for physical gold," stands at 8,160.1 million in special drawing rights, equivalent to 346 tonnes this year, up from nil in 2009.” Apparently this amount has now climbed to 382 tonnes since the repor... More...

Beaver gold bullion coins or “Beaver Money” was originally minted in 1849 by the Provincial Government of Oregon. These coins were so called due to a beaver being displayed on one side of the coin. Beaver Coins were available in denominations of five and ten dollars. It is estimated that the coins had 10% extra gold in comparison to equivalent coins of the same period. As a result of ... More...

Australian Mining company Bendingo Mining released figures last week showing that the Tyndall Zone at its Henty Gold Mine in Tazmania has doubled its output of gold bullion over the past year. Bendingo Mining operates two major gold mines in Australia the Herty Gold Mine and the Kangaroo Flat Mine in Victoria which is renowned for having produced over 22 million ounces in the hundred years it has... More...

At the annual Queenie Festival on the Isle of Man this weekend celebrations kicked off with its much anticipated gold treasure hunt. The coveted first prize is a solid gold bullion shell estimated to be worth £4000. Following last years success the organiser decided to repeat the gold treasure challenge, named “The Golden Queenie Conundrum”. Entrants need to decipher cryptic clu... More...

The Isle of Man is internationally renowned for its gold bullion coins. This small island located in the Irish Sea is also unique in the fact that it also has one of the oldest parliaments in the world. With not only British but Nordic and Gaelic influences on its culture this is reflected in the designs on their gold coins. The coins are minted by Pobjoy Mint who produce a large array of gold co... More...

A gold reserve relates to the amount of gold bullion held by a Central bank or nation. It is a store of value. Due to recent financial uncertainties there has been an increased amount of investors, including private individuals, Governments, International entities and Central banks buying gold as a safe haven investment. At present USA own the largest stockpile of gold in the world. It is estimat... More...

The International Monetary Fund (IMF) oversees the worldwide financial system. It's aim is to stabilize exchange rates through the introduction of economic policies relating to loans or aid from one country to another. The IMF was established in 1944 with an initial 45 country members. The IMF describes itself as “an organisation of 186 countries working to foster global monetary cooperatio... More...

A New York treasure hunter struck gold this week. Using a metal detector his patience paid off when not only did he discover a hoard of jewellery but a valuable gold coin. Philip Ocasio is a registered member of the Explorer's Treasure Hunting Club. This entitles him to a permit allowing him to search for lost treasures in New York and the surrounding area. Mr Ocasio pointed out that treasure hun... More...

The attractiveness of gold bullion to the Indian consumer remains strong. This is evident in the opening of hundreds of new gold jewellery stores across the country. Despite the rise in price of gold, Indians are still buying gold. Gitanjuli Gems has recognised this opportunity and aims to launch 500 new stores across by March 2011. Demand for gold in India is strong due to importance of gold in ... More...