Gold http://www.globalpost.com/taxonomy/term/20426/all en Fool’s gold seduces the masses http://www.globalpost.com/dispatch/101110/gold-investment-robert-zoellick <p><a href="http://www.globalpost.com/dispatch/101110/gold-investment-robert-zoellick" target="_blank">read more</a></p> Gold Business Green Asia-Pacific Emerging Markets Wed, 10 Nov 2010 21:14:00 +0000 David Case 5598624 at http://www.globalpost.com Angostura mine: Colombia tries to cash in on gold http://www.globalpost.com/dispatch/colombia/110202/gold-mining-greystar <p> Plans for an open-pit gold mine in the upper reaches of the Andes Mountains have sparked visions of El Dorado &mdash; and fears of environmental havoc.</p> <p><a href="http://www.globalpost.com/dispatch/colombia/110202/gold-mining-greystar" target="_blank">read more</a></p> Gold Mining Business Green Colombia Sun, 06 Mar 2011 12:55:00 +0000 John Otis 5613977 at http://www.globalpost.com Congo tries to halt illegal gold mining http://www.globalpost.com/dispatch/news/regions/africa/110307/congo-tries-halt-illegal-gold-mining <p> One recent afternoon there was a car chase through the streets of Goma. Four foreigners raced over the city&rsquo;s potholed roads, pursued by local security, heading for the airport where a twin-engine Gulfstream jet waited.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/africa/110307/congo-tries-halt-illegal-gold-mining" target="_blank">read more</a></p> Africa Congo Gold Mining Tue, 08 Mar 2011 11:34:00 +0000 Tristan McConnell 5629084 at http://www.globalpost.com Costa Rica: where gold isn't king http://www.globalpost.com/dispatch/news/regions/americas/costa-rica/110311/gold-metal-mining <p> SAN JOSE &mdash; It started with a dispute over one gold mine. It led to an all-out ban on open-pit metal mining, making Costa Rica the region&#39;s most anti-mining country.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/americas/costa-rica/110311/gold-metal-mining" target="_blank">read more</a></p> Gold Mining Business Green Costa Rica Wed, 23 Mar 2011 10:43:00 +0000 Alex Leff 5630055 at http://www.globalpost.com Gold dealers provide needed cash in struggling Spain http://www.globalpost.com/dispatch/news/regions/europe/spain/110509/cash-for-gold-spain <p> MADRID &mdash; Hundreds of gold dealers have sprung up around the country, relieving Spaniards of unwanted jewelry and trinkets.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/spain/110509/cash-for-gold-spain" target="_blank">read more</a></p> euro zone crisis Global Economic Crisis Gold Business Debt Crisis Europe Spain Tue, 10 May 2011 10:14:00 +0000 Guy Hedgecoe 5643633 at http://www.globalpost.com George Soros gets out of gold http://www.globalpost.com/dispatches/globalpost-blogs/macro/george-soros-gold <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> The billionaire financier dumped almost his entire $800 million stake in bullion in the first quarter. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomas Mucha </div> </div> </div> <!--paging_filter--><p> George Soros no longer likes gold.</p> <p> The billionaire financier sold off almost his entire $800 million stake in gold bullion in the first quarter, <a href="http://www.huffingtonpost.com/2011/05/17/george-soros-gold_n_863083.html">Reuters reports</a>.</p> <p> The move isn&#39;t a huge surprise. Soros, after all, has called gold &quot;the ultimate bubble.&quot;</p> <p> Nor is Soros alone in his recent unease over the shiny precious metal.</p> <p> Hedge fund investors Eric Mindich and Paul Touradji were also big gold sellers in the period, according to 13-F filings with the U.S. Securities and Exchange Commission cited by Reuters.</p> <p> Famed gold bull John Paulson has reportedly held on to his positions.</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/macro/george-soros-gold" target="_blank">read more</a></p> Gold Business Macro Tue, 17 May 2011 18:17:00 +0000 Thomas Mucha 5645413 at http://www.globalpost.com Inflation is rising. Time to buy gold? http://www.globalpost.com/dispatch/news/business-tech/global-economy/110517/inflation-gold-investing-warren-buffet <p> BOSTON &mdash; Inflation, that nasty beast, the great destroyer of wealth, is making a comeback.</p> <p><a href="http://www.globalpost.com/dispatch/news/business-tech/global-economy/110517/inflation-gold-investing-warren-buffet" target="_blank">read more</a></p> Gold Global Economy Opinion Tue, 17 May 2011 22:27:00 +0000 David Case 5645466 at http://www.globalpost.com Hugo Chavez takes the gold http://www.globalpost.com/dispatches/news/regions/americas/venezuela/hugo-chavez-takes-the-gold <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> The Venezuelan leader nationalizes another industry. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Sarah Childress </div> </div> </div> <!--paging_filter--><p> Looks like Hugo Chavez is already delving into his bag of pre-election tricks.</p> <p> Chavez <a href="http://www.bloomberg.com/news/2011-08-18/chavez-emptying-bank-of-england-vault-as-venezuela-brings-back-gold-hoard.html">announced this week</a>&nbsp;that he would nationalize the gold industry, and ordered home some 200 tons of gold the country had stored with European and American banks. The decision was taken in part, he said, because of the U.S. debt crisis and fears of instability in Europe. Chavez argued that the gold would be safer at home or with allied countries, such as China.</p> <p> &ldquo;I agree with bringing that home,&rdquo; Chavez said on state television, according to Bloomberg. &ldquo;It&rsquo;s a healthy decision.&rdquo;</p> <p> Chavez already has plenty of cash&mdash;Venezuela sits on the largest oil reserves in the world. But with presidential elections coming next year, Chavez may also be looking to secure other assets as he prepares for his campaign.&nbsp;</p> <p><a href="http://www.globalpost.com/dispatches/news/regions/americas/venezuela/hugo-chavez-takes-the-gold" target="_blank">read more</a></p> Gold Hugo Chavez Venezuela Venezuela Que pasa Thu, 18 Aug 2011 19:23:00 +0000 Sarah Childress 5673441 at http://www.globalpost.com Is India's love for gold hurting growth? http://www.globalpost.com/dispatches/globalpost-blogs/the-rice-bowl/indias-love-gold-hurting-growth <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> As gold becomes India's second-largest import, economists say pulling money from the market may be hurting growth </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Jason Overdorf </div> </div> </div> <!--paging_filter--><p> India&#39;s obsession with gold knows no bounds, and with imports zooming 60 percent for the April-June quarter, making the yellow metal India&#39;s second-largest import after crude oil, economists now fear that love is hurting economic growth.</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/the-rice-bowl/indias-love-gold-hurting-growth" target="_blank">read more</a></p> Gold Business Asia-Pacific Emerging Markets Global Economy India BRIC Yard The Rice Bowl GlobalPost Blogs Mon, 05 Sep 2011 07:12:00 +0000 Jason Overdorf 5674640 at http://www.globalpost.com Gaddafi regime sold $1 billion in gold in final months http://www.globalpost.com/dispatch/news/regions/africa/110909/muammar-gaddafi-libya-gold <p> Libya&#39;s new government says the sell-off represented a fifth of the country&#39;s reserves, and jewelers in Tripoli described how the central bank first tried to sell small 22-carat coins before later offering 12kg bars worth around half a million dollars.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/africa/110909/muammar-gaddafi-libya-gold" target="_blank">read more</a></p> Africa Gold World Leaders Conflict Zones War Fri, 09 Sep 2011 19:10:00 +0000 News Desk 5675016 at http://www.globalpost.com Selling gold http://www.globalpost.com/dispatches/globalpost-blogs/the-rice-bowl/selling-gold-china <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> Beijing to get gold-bar vending machines </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Kathleen E. McLaughlin </div> </div> </div> <!--paging_filter--><p> More symbolic <a href="http://www.chinadaily.com.cn/usa/china/2011-09/14/content_13688670.htm">proof</a> that China has arrived in the ranks of the ridiculously rich: the capital will be getting China&#39;s first vending machines that dispense gold bars. Patrons can pay by cash or credit card.</p> <p> Chinese media reported this week that gold-bar vending machines will be rolled out in private clubs and other exclusive locations in Beijing for the super-rich in coming months. Unsurprisingly, Las Vegas claims to have some of the world&#39;s first vending machines dispensing bars of gold, while the machines are also in operation at the Frankfurt airport in <a href="http://www.timesonline.co.uk/tol/money/investment/article6521486.ece">Germany</a> and as well as in Dubai and Spain, along with smaller cities in Florida.</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/the-rice-bowl/selling-gold-china" target="_blank">read more</a></p> China economy Gold The Rice Bowl Fri, 16 Sep 2011 08:02:00 +0000 Kathleen E. McLaughlin 5675503 at http://www.globalpost.com Occupy Wall Street-style protest in Indonesia leads to closure of world's largest gold mine http://www.globalpost.com/dispatch/news/regions/asia-pacific/indonesia/111017/occupy-wall-street-protest-indonesia-freeport-gold-copper-mine <p> JAKARTA &mdash; Resentment toward corporate greed has led to four deaths and the closure of the US-owned Grasberg mine, one of the world&rsquo;s largest gold mines</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/asia-pacific/indonesia/111017/occupy-wall-street-protest-indonesia-freeport-gold-copper-mine" target="_blank">read more</a></p> Gold Occupy World Business Indonesia Tue, 18 Oct 2011 10:09:00 +0000 Kate Lamb 5678155 at http://www.globalpost.com Peruvians protest gold mine http://www.globalpost.com/dispatches/globalpost-blogs/que-pasa/peruvians-protest-gold-mine <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> The country's leading gold-producing region wants to shut down a planned gold mine. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Stephanie Garlow </div> </div> </div> <!--paging_filter--><p> Protests are growing against a proposed gold mine in northern Peru.</p> <p> An estimated 10,000 people marched to protest the mine on Thursday, <a href="http://latimesblogs.latimes.com/world_now/2011/11/peru-gold-mine-protests.html">reports</a> the Los Angeles Times.</p> <p> Locals believe the proposed mine threatens their water supply and that it could destroy their ecosystem.</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/que-pasa/peruvians-protest-gold-mine" target="_blank">read more</a></p> Gold Americas Que pasa Fri, 25 Nov 2011 22:02:00 +0000 Stephanie Garlow 5682532 at http://www.globalpost.com Chavez brings home his gold http://www.globalpost.com/dispatch/news/regions/americas/venezuela/111128/hugo-chavez-gold-elections-socialism <p> CARACAS &mdash; &ldquo;The Yankees are broke,&rdquo; Chavez said. &ldquo;They have no money to pay their debt ... Shall we give Obama a loan?&rdquo;&nbsp;</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/americas/venezuela/111128/hugo-chavez-gold-elections-socialism" target="_blank">read more</a></p> Gold Hugo Chavez World Leaders Global Economy Venezuela Tue, 29 Nov 2011 11:00:00 +0000 Girish Gupta 5682734 at http://www.globalpost.com In Colombia, digging for gold comes at a price http://www.globalpost.com/dispatch/news/regions/americas/colombia/111129/colombia-digging-gold-comes-at-price <p> NECHI, Colombia &mdash; It was like any other day in the past 40 years that Mart&iacute;n Palacios has spent panning for gold in northeastern Colombia. Until the police showed up.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/americas/colombia/111129/colombia-digging-gold-comes-at-price" target="_blank">read more</a></p> Gold Global Economy Colombia Sun, 04 Dec 2011 14:08:00 +0000 Nadja Drost 5682897 at http://www.globalpost.com