WGC: World Gold Report for the second quarter of 2011

Demand for gold in the second quarter of 2011 turned out to be 17% lower than the previous year, but we are not talking so much about weak indicators this year, but about a strong base of the past, especially in investments, experts from the World Gold Council say. . There have been no significant … Read moreWGC: World Gold Report for the second quarter of 2011

Witte’s monetary reform: the gold standard of the ruble

Thanks to the monetary reform of 1897, carried out by the statesman of the German-Baltic family, Sergei Yulievich Witte, the Russian ruble became one of the stable currencies of the world economy. Witte s monetary reform, which established ruble gold monometallism or the free exchange of the ruble for gold (the gold standard of the … Read moreWitte’s monetary reform: the gold standard of the ruble

The Central Bank of the Russian Federation will lend to banks secured with gold

The Bank of Russia introduces a new method of financing for banks: they will be able to lend to the Central Bank against gold guarantees. The measure to provide banks with liquidity is being introduced amid rapid growth in precious metal prices and high investment demand due to market volatility. The Bank of Russia begins … Read moreThe Central Bank of the Russian Federation will lend to banks secured with gold

CME Group and the reasons for the fall in gold in August

This was to be expected – after recent gold gains, Chicago-based New York Stock Exchange operator Comex, CME Group, announced another increase in margin requirements for gold futures – the second increase this month. The increase in margin requirements has led to massive sales in the gold market in recent days. Silver also suffered, but … Read moreCME Group and the reasons for the fall in gold in August