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Fort Knox Photo

Mnuchin’s Fort Knox Quip: ‘I Assume the Gold Is Still There’

The United States Bullion Depository at Ft. Knox, Kentuky. Photographer: Barry thumma/AP Photo  Saleha Mohsin and Alister Bull Augst 21,2017, 10:52 AM PDT. Updated on: August 21, 2017, 1:41 PM PDT Only third Treasury secretary to visit U.S. Bullion Depository $200 billion worth of gold, though not counted since 1953…

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How Japan’s criminal gangs are making a fortune from gold bought in Hong Kong

SOURCE: South China Morning Post Police in southern Japan are still searching for a gang of three men who pulled off a daring daylight robbery earlier this month, a crime that netted them Y364 million (US$3.2 million) that was to be used in a gold deal and simultaneously highlighted the…

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Gold-crazed Indians now need nothing more than a smartphone to buy and sell the precious metal.

SOURCE: CNN Money — Paytm, the country’s top digital payments platform, announced Thursday that users will now be able to purchase “digital gold” through its mobile app. The physical equivalent of the purchased gold will be supplied by a refinery called MMTC-PAMP, a joint venture between a Swiss bullion company…

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Reuters: China’s net-gold imports via Hong Kong more than doubles in March

EXCERPT China’s net-gold imports via main conduit Hong Kong more than doubled month-on-month in March, data showed on Tuesday. Net-gold imports by the world’s top gold consumer through the port of Hong Kong rose to 111.647 tonnes in March from 47.931 tonnes in February, according to data emailed to Reuters…