Vietnam Business News

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• Dealers in gold and silver coins expect higher prices in 2012
• China should increase its gold holdings – Chinese central bank
• When can I buy gold and silver? Is it on the verge of a big move?
• Silver is going to outperform gold in 2012
• Total gold demand stable for more than a decade, so why is the price rising?
• Shanghai Construction says to acquire Eritrea gold mine
• Gold, silver prices moving higher in 2012
• China Cracks Down on Gold Exchanges
• Russian gold and FX reserves advanced 4.92% to $503.0 billion
• 2011: Gold, silver touch all-time highs amid economic turmoil and rising inflation

Dealers in gold and silver coins expect higher prices in 2012 Posted: 01 Jan 2012 01:00 AM PST Dealers in gold and silver coins expect higher prices next year, according to a poll released Tuesday by the Professional Numismatists Guild. A poll of members resulted in gold price forecasts for the end of the first quarter 2012 ranging from a low of $1,475 per ounce to a high of $2,155, with a mean average of $1,759.57. [...]

China should increase its gold holdings – Chinese central bank Posted: 01 Jan 2012 12:29 AM PST China’s central bank sees recent drops in the price of gold as good opportunities to increase its holdings of the precious metal. Now is the most opportune time for China to buy more gold assets when prices of the yellow metal are dropping, to ensure the country maintains and protects a well-diversified foreign-exchange portfolio, Zhang Jianhua, research [...]

When can I buy gold and silver? Is it on the verge of a big move? Posted: 01 Jan 2012 12:15 AM PST “The question everyone keeps asking is: When can I buyGold and silver? With what is unfolding across the pond and the bullish outlook for the U.S. dollar index, the next move is a coin toss. I do feel a large move brewing in the marketplace, so I am preparing for fireworks in the first quarter of [...]

Silver is going to outperform gold in 2012 Posted: 01 Jan 2012 12:04 AM PST James West,the editor of The Midas Letter and portfolio advisor of the Midas Letter Opportunity Fund,isn’t interested in timing the precious metals market—that’s a good way to end up butchering perfectly good investments. He believes Silver price is going to be one-sixteenth of the Goldprice so it’s already undervalued by at least two-thirds. Gold and silver are both [...]

Total gold demand stable for more than a decade, so why is the price rising? Posted: 01 Jan 2012 12:00 AM PST And in 2012, some think the rises will continue. But what is underpinning that rise? This is a look at the global demand for gold, which may help readers assess whether these stellar gains will continue at the same pace. Related Topics News World Gold Council Gold (We will look at global supply in another review.) The biggest demand [...]

Shanghai Construction says to acquire Eritrea gold mine Posted: 31 Dec 2011 11:31 PM PST A subsidiary of Shanghai Construction Group Co. Ltd. will acquire gold mining assets in Eritrea, according to a company announcement. Shanghai Construction will acquire a 60 percent equity stake in Zara Mining Share Co. for $80 million, the statement said, citing a framework agreement signed by the two companies. The deal also gives Shanghai Construction [...]

Gold, silver prices moving higher in 2012 Posted: 31 Dec 2011 11:00 PM PST Rarely has such technical destruction been visited on stalwart sectors such as gold, silver and mining stocks (GDX). The silver charts reveal technical damage not seen since the destruction of 1984. It can only be conjecture that can account for a once in a generation obliteration of a once hallowed sector. It must be remembered [...]

China Cracks Down on Gold Exchanges Posted: 31 Dec 2011 11:00 PM PST Governments hate competition.  Due to record breaking gold prices this year, more unauthorized gold exchanges have been created to capitalize on gold fever.  However, China regulators are not happy about the competition. A joint statement issued by People's Bank of China, the Ministry of Public Security and other regulators recently announced, "No local authority, institution [...]

Russian gold and FX reserves advanced 4.92% to $503.0 billion Posted: 31 Dec 2011 10:30 PM PST Russian Gold and currency reserves advanced 4.92% to $503.0 billion as compared to $479 billion during the previous year, the Russian Central Bank said. This is an increase of $ 1.7 billion as compared to its previous week’s reserve of $501.3. In the previous week, reserves had decreased by 11.7 billion to USD 501.3 billion. [...]

2011: Gold, silver touch all-time highs amid economic turmoil and rising inflation Posted: 31 Dec 2011 10:09 PM PST Continuing their record-breaking spree,gold and silver galloped to all-time highs in 2011 on strong demand for precious metals considered as a ‘safe-haven investment’ in times of economic turmoil and rising inflation. Gold (99.5 per cent purity) crossed the Rs 29,000 per 10 grams-level to a historic high of Rs 29,155 per 10 grams on December 8, 2011, on [...]

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