Not to be outdone by China expanding the gold market within its own country, some Indian banks are seeking to trade gold in their home country. They recently submitted a proposal to the Reserve Bank of India (RBI), the central bank of the country, requesting this permission. If their request is approved, it will allow [...]

The Gold Market: Rising Prices, Takeovers, and China There were a record number of gold mining takeovers throughout the globe in 2010. The value of these deals is approximately $32 billion and represents 38 percent of all mine acquisitions in 2010. This figure is over two times the 2009 total for this industry. Much of [...]

China is currently the largest producer of gold in the world and it is also the largest consumer. In recent years, the country increased its amount of gold imports, which was met with much media attention. In 2009, China had 31 metric tons of net gold imports, but even this is a limited amount. The [...]

In a deal worth US$1.7 billion, Kinross Gold, a Toronto gold mining company, plans to acquire all remaining common shares in Red Back Mining. The all-share deal between the two companies will result in the fourth largest gold mining company in terms of market capitalization. Shareholders of the Vancouver-based Red Back will receive common shares [...]

Goldline International is a dealer in precious metals known for its aggressive sales techniques and celebrity endorsers, including Glenn Beck from Fox News. This company is currently under investigation by local authorities and Congress regarding possible criminal activities. The business model used by the company was the subject of a recent expose done by ABC [...]