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
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
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
The Austrian state audit court says the central bank should address the concentration risk of storing 80% of its gold reserves with the Bank of England, Standard reports, citing draft audit report.
The court has advised the central bank to … Read the rest
Swiss voters rejected two closely watched referendums on Sunday that would have forced the central bank to buy up massive amounts of gold and introduced strict new limits on immigration, in a result that could bolster its economic ties to … Read the rest
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
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
The disappearance of Ukraine’s gold has been confirmed, and perhaps it is time to refresh the “unconfirmed” story that a little after the current Ukraine regime took power the bulk of Ukraine’s gold was taken to the United States.
The … Read the rest
Russia has taken advantage of lower gold prices to pack the vaults of its central bank with bullion as it prepares for the possibility of a long, drawn-out economic war with the West.
The latest research from the World Gold … Read the rest
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
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
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
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
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