The Dutch central bank said Friday it is repatriating some of its gold reserves from the U.S., making it the latest central bank in Europe to address public concerns about the safety of its gold in the wake of the eurozone debt crisis.
Venezuela's gold reserves are back in focus after a Bank of America economist was given a tour of the central bank's underground gold vault in Caracas and allowed to view the bank's considerable gold holdings.
The recent drop in gold prices is a confirmation, or a revelation, to investors of the battle between the physical and paper gold markets. Here, Brien Lundin predicts the timing of a handoff from Asian physical demand to Western speculative demand.
Looking for profits in the oil and natural gas space? Look no further than shale plays, energy service companies and offshore oil drilling opportunities in the U.S., says Byron King of Agora Financial LLC.
If asked to name the top performing commodity of the past decade, not many would answer silver because of its notorious volatility. Yet, according to Lloyds TSB, silver prices have delivered the best gains since 2002.
A move of this magnitude can significantly affect the gold market regardless of whether Chavez's motivations are nefarious or patriotic. Banks often keep only a portion of their bullion deposits on hand, reselling or lending out the rest.
Now might be a good time for Daniel Ocean to start assembling his gang of 11. Venezuelan President Hugo Chavez announced last week that he was ordering the country's ample gold reserves back to Caracas for safe keeping.