Gold Is The Third Most Popular Investment

People have confidence in the investment potential of gold but there are certain elements of mistrust as well that are acting as a barrier even as the yellow metal Gold is the third-most popular investment choice among retail investors, according to the latest consumer survey by the World Gold Council. “Gold is the third-most consistently…

Glencore to Trace Cobalt Using Responsible Sourcing Blockchain Consortium

In a press release Thursday, the publicly traded company, one of the world’s largest cobalt producers, announced it would utilize RSBN’s Hyperledger Fabric platform for its cobalt production and become a full consortium member by February 2020. The announcement follows Glencore’s earlier pledge to consider Responsible Sourcing blockchain Consortium in its supply chain. In October…

Russia Plans $1 Billion Investment in Venezuela’s Gold, Diamond Projects

Russia could be looking to invest up to $1 billion in Venezuela’s mining projects with a focus on gold and diamonds, according to Russian media reports. Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro met in Moscow on Wednesday in what was Maduro’s fourth visit in the last two years. The sum of…

Iran Lines Up a New Cryptocurrency Backed by Gold

Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency to take the USD down a peg. The…

Gold Backed Crypto Exchange GOLD.IO Offers Safe Haven for Crypto Investors

The gold backed crypto exchange, GOLD.IO Seeks to Develop Decentralised & Self-Regulating Community Exchange. Turbulence in the global markets is nothing new but the cryptocurrency community has faced an unprecedented 18-month period of flux. The need for a fully decentralised, stable, self-regulated and community-led exchange that can offer investor confidence amidst a chaotic global economy…

RBI buys 200 tonnes of gold from IMF

The International Monetary Fund said on Monday it sold 200 tonnes of gold to the Reserve Bank of India for $6.8 billion, quietly executing half of a long-planned bullion sale that had threatened to slow gold’s rally. While the IMF’s plan to sell some of its gold holdings had been flagged for a year before…

Joy Alukkas to open world’s biggest jewellery shop in Chennai

The world’s favorite jeweller opens the world’s biggest jewellery showroom in Chennai, India. With over 70,000 sq. ft of premium jewellery shopping in the heart of Chennai, Joyalukkas jewellery offers consumers more than a million exquisite jewellery designs from master jewellers in India, Bahrain, Turkey, Singapore and Italy. With the opening of the first showroom…