There seems to be an interesting trend taking place in the silver warehouse stocks at the Shanghai Futures Exchange over the past two months. From May of 2012, when the Exchange started trading silver futures, until the beginning of 2013, silver warehouse stocks grew from virtually nothing to nearly 1,000…
(MINEWEB): It is not just India that is witnessing a gold rush. Gold bullion trade is hitting astronomical levels in another gold center in the East, Dubai, which has seen demand for the precious metal surge since the price collapse in April. ….Gold demand in Dubai was reportedly running at…
AUSTIN(BullionStreet): Texas is all set to become the first state to fully expand a tax exemption for gold and silver coins after Texas Senate passed H.B. 78, the bill that eliminates the sales tax on precious metal coins and bullion. Texas Governor Rick Perry is expected to approve a bill…
Mineweb — Russia and Kazakhstan expanded their gold reserves for a seventh straight month in April, buying the metal to diversify assets even as prices slumped the most in three decades. Russian holdings, the seventh-largest by country, climbed 8.4 metric tons to 990 tons, taking gains this year to 3.4…
SINGAPORE (Reuters) – Premiums for gold bars hit a record high in Asia on Wednesday as lower spot prices lured more buyers, mainly in China, the world’s second biggest consumer of the precious metal, amid tight physical supplies. KILO BARS SCARCE IN SINGAPORE “Currently, there are no kilo bars in the…
(Mineweb) Higher gold imports have been curtailing the government’s efforts to stem the yawning gap in the country’s current account deficit. However, jewellers in the country are already facing the music, given the extremely perilous situation with low gold stocks and correspondingly high premiums of around $40 per ounce or…