Bank has seen demand for gold surge by roughly 40% in the past year
Majority of investments involve factors that skew the actual underlying performance of bullion
Claymore Silver Bullion Trust has substantially invested the net proceeds of its initial public offering and has purchased 2.2 million ounces of silver at a weighted average price of U.S.$13.326 per ounce on a fully-hedged basis, Claymore Investments, Inc. said Friday.“The Trust has retained a nominal amount of cash for further silver bullion purchases and […]
Funds add to commodities ETF line-up
Proceeds of the offering to be invested in unencumbered silver bullion
ScotiaMocatta, the precious metals arm of Scotia Capital, has announced that it has been granted membership as a Foreign Financial Member of the Shanghai Gold Exchange (SGE), China’s leading precious metals exchange. ScotiaMocatta will soon begin conducting business through its branch in Guangzhou, in southern China.“This membership will allow us to trade gold, silver and […]
South Africa’s failure to increase power-generating capacity has slowed mining activity for the precious metal