BullionVault

Who is buying gold? India’s gold and silver imports leap by 500%.

A while ago I wrote about how the Chinese people were buying more and more gold coins and gold bars. Here is an excerpt from that post: “The total amount of household savings invested in gold has grown from about $200 billion in the late 1990s to $1.2 trillion in 2010. Jewelry demand alone has …

How the “multiplier effect” could push gold prices to $10,000 or higher.

As I have mentioned in previous posts, gold is unique among investment vehicles because of its scarcity. Most investments, like stocks, bonds and real estate can respond to a sudden increase in demand. For example, if there is a surge in demand for residential real estate (not likely right now), more and more homes can …

Gold: Why are experts so bad at predicting gold prices?

Turn to any business news channel on TV, or read one of hundreds of websites online, and you’ll find very well qualified experts making predictions about where gold prices are going over the next few days, weeks or months.   But the funny thing is, when the next few days, weeks or months arrive, these …

Got 111.5 tons of gold? If you have, the European Parliament will take it.

If you have ever wondered how close world governments are to recognizing gold as money, look no further than Europe.   In a May 25 press release, the European Parliament stated: “The Economic and Monetary Affairs Committee of the European Parliament has approved gold to be used as collateral confirming its status as a high-quality …

The Queen’s stockbroker predicts gold at $12,000 an ounce. I hope he’s wrong.

Cazenove is a British stockbroker and investment bank, founded in 1823 by Philip Cazenove. Although the firm won’t confirm or deny its relations to the Royal Family, it is said by many that the company handles investments and wealth management for Queen Elizabeth II.   What has this got to do with gold? Well, Robin …