Gold bar sales balloon as inflation hedge

Jan 23, 2014

Gold bar sales balloon as inflation hedge

Gold sales by Japan’s biggest bullion retailer surged 63 percent to a five-year high as prices slumped and investors sought refuge from Prime Minister Shinzo Abe’s campaign to stoke inflation and weaken the yen. Sales of bars to local investors by Tanaka Kikinzoku Kogyo ...

Chinese flee Ghana gold crackdown

Jul 21, 2013

Chinese flee Ghana gold crackdown

When he saw the trucks full of police and soldiers rumbling across the muddy field where he mines gold, Emmanuel Quainn ran. But they weren’t coming for him. They were after his Chinese counterparts, who had turned up about a year ago to dig ...

Tanaka's gold sales hot as bull run, yen cool

Jul 8, 2013

Tanaka's gold sales hot as bull run, yen cool

Tanaka Kikinzoku Kogyo K.K., Japan’s biggest bullion retailer, said sales to local investors may exceed purchases this year for the first time since 2004 as lower prices and the yen’s weakness spur buying interest. “Japanese individuals are thinking of gold as an asset for ...

Hedge fund guru John Paulson fleeced by gold

May 4, 2013

Hedge fund guru John Paulson fleeced by gold

by Dominic Rushe

Gold and its beguiling promise of assured riches have lured clever men into making bad decisions for millennia. The latest to have fallen under its alchemical spell is apparently John Paulson, hedge fund billionaire and the man who made his name — and a ...