Cecil John Rhodes’ days are numbered

After a week of student protest, UCT vice-chancellor Max Price has given up on the statue of colonial war criminal and génocidaire Cecil John Rhodes. Price says it should be moved from its “pride of place, at the focal point … Read the rest

Will Russia remonetize in gold?

The “perfect-storm” of geopolitical instability, diplomatic isolation, severe currency depreciation, and economic decline now confronting Russia has profoundly damaged Moscow’s international standing, and possibly for the long-term.

Yet, it is precisely such conditions that may push the country’s leadership into … Read the rest

Germany’s Bundesbank resumes gold repatriation

The Bundesbank successfully continued and further stepped up its transfers of gold last year. In 2014, 120 tonnes of gold were transferred to Frankfurt am Main from storage locations abroad: 35 tonnes from Paris and 85 tonnes from New York. … Read the rest

As Dutch move gold out of US, French and Swiss call to follow

The financial crisis in Europe is prompting some nations to repatriate their gold reserves to national vaults. The Netherlands has moved $5 billion worth of gold from New York, and some are calling for similar action from France, Switzerland, and … Read the rest

The real reason the Netherlands repatriated its gold

In what could definitely be called a stunning move, the Netherlands has announced it has repatriated in excess of 120 tonnes of gold from the vaults of the Federal Reserve in New York to the Dutch Central Bank in Amsterdam. … Read the rest

Shares fall and gold rises as global worries mount

Shares across the world fell sharply on Friday, pushing a global index to a six-month low, as investors worried about the prospect of a widespread economic slowdown while U.S. monetary stimulus nears its end.

Assets which depend on economic growth, … Read the rest

China Gold Congress in Beijing

The China Gold Congress is currently in full flight in Beijing. The three day Congress is China’s biggest gold industry event of the year, drawing in participants from across the Chinese and international gold sectors including central banks, mining companies, … Read the rest

Will Scotland get their gold if they vote ‘Yes’?

An independent Scotland could lay claim to a part of the United Kingdom’s 310-tonne gold reserves if votes go in favour of the “Yes” campaign this month, with ownership of Britain’s bullion hoard up for negotiation along with other assets.… Read the rest

Canada moves gold of Switzerland, Netherlands, Sweden to unknown location

In just three months, on November 30, the Swiss will vote in a federal referendum on the future of the country’s gold reserves.

The referendum has arisen through a popular initiative called ‘Save our Swiss gold initiative’. In Switzerland, citizens … Read the rest

Gold worth R1,2 billion goes ‘missing’ at Rand Refinery

Rand Refinery, processor of about a third of the world’s gold since 1920, found $113 million (R1.2 billion) less physical metal than the company had booked in its accounts after adopting a new computer system.

The refinery in Germiston, a … Read the rest