Why the West sells gold and China buys it
The truth has everything to do with different philosophies about gold.
Latest Stories
Looking Back: Introduction of the 944 Wheel Loader
Caterpillar first referred to its "Wheel Loader" product family as "Traxcavators."
Newmont’s Conga opponents vandalize mine site, kidnap worker
Contract security guard was freed early Friday.
FLSmidth wins cement order in Oman
FLSmidth has received an order worth USD 38m (approximately DKK 205m) from Omani cement producer Oman Cement Company (SAOG) for the supply of milling equipment for a cement plant located in Rusayl Industrial Area, 60 km from Port Sultan Qaboos, Muscat.
Kerry tells ‘Canadian friends’ all efforts are put into giving swift answer on Keystone
However, he also said the Obama administration won’t be rushed into making a decision on the controversial, and long-delayed, $5.4-billion Keystone XL pipeline.
Deutsche Bank exits from gold, silver price-setting amid probe
Europe’s biggest investment bank by revenue will no longer participate in the price-setting process for gold and silver, or fixing.
Fortescue Metals addresses allegations of unsafe working conditions
Fortescue doesn't like what it's hearing and has published a video on YouTube addressing the concerns.
Israel’s diamond exports rising while industry battles legislators
Israel's polished diamond exports rose by 12% over the past year, after a 23% dip in 2012.
BP sees growth in energy demand slowing, emissions rising 29% by 2035
The overall increase in energy consumption is still huge at 41%.
