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Wealth Daily Archives


Geithner Urges Congress to Raise Federal Debt Limit

Written by Luke Burgess
Posted August 10, 2009

US Treasury Secretary Timothy Geithner urged Congress to increase the $12.1 trillion debt limit on Friday, saying it is "critically important" that they act in the next two months.

Gold Prices Touch Five-Week High

Written by Luke Burgess
Posted July 20, 2009

Gold for August delivery hit a five-week high in overnight trading as a weaker US dollar and higher crude oil prices boosted the metal's appeal as an alternative investment and hedge against inflation.

Who Owns the Most Gold in the World?

Written by Luke Burgess
Posted July 15, 2009

The top 5 largest owners of gold control 12.5% of the world's total supply, worth $652 billion. Gold World managing editor Luke Burgess takes a look at who these organizations are and how much gold they own.

Banks to Stop Accepting California's IOUs

Written by Luke Burgess
Posted July 8, 2009

A group of the biggest US banks, including Bank of America, Citigroup, Wells Fargo, and JP Morgan, say that they will stop accepting California's IOUs on Friday, adding pressure on the state to close its $26.3 billion annual budget gap.

Did the Royal Canadian Mint Get Ripped Off for $13.2 Million?

Written by Luke Burgess
Posted June 30, 2009

The Royal Canadian Mint, which has been touted as one of the most secure facilities in Canada, may have been the victim of a $13.2 million (CDN$15.3 million) gold heist, an audit concluded Monday.

Gold Prices Bounce Back After 6-Week Low

Written by Luke Burgess
Posted June 23, 2009

After hitting a six-week low of $913.20 an ounce overnight, gold for August delivery is up slightly to $923.80 an ounce this morning as the US dollar fell against the euro and Japanese yen.

Satire: US Gold Reserves to be Sold to

Written by Luke Burgess
Posted June 22, 2009

The Onion, a satirical news organization, posted a funny video over the weekend that reported on an emergency White House economic plan to sell the US national gold reserves for cash through precious metal buyers

Indian Gold Imports Fall in May

Written by Luke Burgess
Posted June 15, 2009

India imported 17.8 tonnes of gold in May, representing an 11% decline compared to April and a 39% drop from May 2008.

Insurance Giant Buys Gold for the First Time in 152 Years

Written by Luke Burgess
Posted June 2, 2009

Northwestern Mutual Life Insurance Co., the third-largest life insurer in the United States, has bought gold for the first time in the company's 152-year history to hedge against continued declines in other asset classes.

Gold Miners See Falling 1Q Profit

Written by Luke Burgess
Posted April 30, 2009

Some of the world's top gold miners experienced significantly lower profits during the first quarter of 2009 as production costs increased and the market experienced a 2% decline in the average price of gold.

Dubai Gold Imports Rise 15% During 1Q

Written by Luke Burgess
Posted April 27, 2009

With a long-established market for gold bullion and jewelery, Dubai increased gold imports 15% to 140 tonnes during the first quarter over the same period of the previous year.

Chemical Sector Stocks

Written by Brian Hicks
Posted April 23, 2009

Wealth Daily editor Steve Christ examines why chemical sector stocks are the way to play the rising tide.

The Effects of Inflation and Debt

Written by Brian Hicks
Posted April 21, 2009

Gold World editor Greg McCoach warns about the effects of inflation and debt to the U.S. economy and tells investors how to avoid the stinging bite of a falling U.S. dollar.

Indian Gold Imports Rise in April

Written by Luke Burgess
Posted April 17, 2009

The Bombay Bullion Association reported this week that India imported 10 tons of gold in the first half of April after little to no imports during the first quarter of 2009.

Royal Gold Raises $235 Million in Public Offering

Written by Luke Burgess
Posted April 15, 2009

Precious metals royalty manager Royal Gold Inc. netted over $235 million in a public offering of shares to be used to buy an interest in the gold production at Teck Cominco's Andacollo mine in Chile.