Massive private gold vault opens in Shanghai Free-Trade Zone
"We expect big demand from foreign banks and we are talking to a few."
Latest Stories
Queensland coal mine gets environmental OK
The underground mine is expected to be in operation for 40 years producing up to 11 million tonnes per year of thermal coal.
Quebec gold company moving from ‘junior’ to ‘senior’ in Nova Scotia
Dufferin mine will be the first new underground mine to operate in Nova Scotia in decades.
Mongolia gears up for the fight of its mining life
Oyu Tolgoi Chairman: I have seen excitement about Mongolia reach fever pitch and drop off a cliff multiple times.
Study predicts Australia will lose 40% mining construction jobs
Australian miners are cutting back on large capex projects and taking a sledgehammer to costs.
China’s central bank may have secretly bought 300t of gold this year
Gold makes up little more than 1% of the country's $3.6 trillion in reserves compared to more than 70% for the United States.
China’s radical reforms may prompt massive safe haven buying of gold
Far-reaching reforms to flow from leadership meeting could fundamentally alter investment options for Chinese who have been pumping money into a property bubble.
Janet Yellen’s mission impossible
Unless other buyers of Treasuries or MBS can be found to replace the Fed's prodigious buying, the Fed will remain the only game in town.
