Ecuador trades gold for loan in bid to boost economy

With gold prices at their current level and the economy still on shaky territory for many nations, Ecuador recently traded some of its yellow metal reserves for liquid assets with one of the world’s leading investment banks, hoping that by doing so it will inject life into the country’s financial system.

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Platinum, palladium prices fall following word of break in strike

With the nearly five-month long platinum miners strike at the brink of ending, futures for the precious metal slid after the tentative deal was announced.

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Limited mine production in China stir questions for where gold originates

As revealed recently by the World Gold Council, China is now the world’s top producer and consumer of gold, thanks largely to the massive amount of demand from consumers and businesses within the world’s most-populated country. But what remains shrouded in mystery is where its gold is produced.

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Precious metals scammer gets 9 years in prison

A Milwaukee man has been sentenced to nine years in prison after bilking millions of dollars from consumers in a precious metals scheme.

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North Korean gold poses problems for U.S. companies

Gold is not only a precious metal used for decorative purposes; it’s also one that is fundamental to American business owners for the manufacturing of a wide variety of products, parts and components. The only caveat to this rule is if the gold is derived from a country that doesn’t trade with the U.S.

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