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  • Ron Paul: Swiss gold referendum is a “healthy conversation”

    Former U.S. congressman Ron Paul believes the Swiss gold referendum – an upcoming vote on whether Switzerland’s central bank should increase its gold reserves to 20% – is a “healthy conversation” on the role of central banks. The vote is set to take place on November 30. Paul is known to be a strong supporter

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  • Russia makes largest gold purchase in over 15 years

    The Russian central bank has made headlines by purchasing a staggering 1.2 million ounces of gold in September, the country’s largest gold purchase in over 15 years. Analysts are noting that this could have a huge impact on global demand for gold, and that Russia may be attempting to send a message by publicly announcing such a large

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  • Swiss gold referendum reflects increasing appetite for yellow metal

    Have you been hearing about the Swiss gold referendum and are wondering what it’s all about? On November 30, the people of Switzerland will be casting an important vote on whether the Swiss National Bank (SNB), the country’s central bank, should be required to increase and hold onto its gold bullion reserves. What’s behind this vote, and what might be

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  • This Week in Gold: Interest Rates, Fed Meeting, Scotland Decides

    This week in gold, we saw a few interesting events unfold that each had an influence on gold, such as the latest Federal Reserve statement and the Scottish independence referendum. We also took a look at gold’s controversial relationship with interest rates and how the world’s nations rank in terms of gold holdings and production. With

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  • This Week in Gold: Indian Demand, Gold Reserves, Rocky, Baby Boomers

    This week in gold, American Bullion covered these four stories: Despite Gold Lows, Indian Demand High Ahead of Religious Festival Central Banks Increasing Gold Holdings CNBC Article: Gold is “kind of like the Rocky Balboa right now”  USA Today: Baby Boomer Retirees Face Big Money, Big Decisions The themes of this week’s stories were gold’s cultural importance, resilience

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  • Central Banks Increasing Gold Holdings

    A notable number of central banks, many from countries with developing economies, have been increasing their official gold reserves over the past few years, writes the Wall Street Journal. The central banks of Russia and Kazakhstan in particular raised their holdings in July despite gold’s less-than-stellar recent performance. In Tuesday morning trading gold peaked at $1,291.10 per ounce, and has

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