"It’s Monday and Frank Holmes joins Kitco News to share his thoughts on gold prices and what he thinks may be the yellow metal’s touchdown pass of the week! According to Frank, the dollar has really been driving gold prices and the currency continues to be strong because the U.S. has the strongest positive real rates of return for 5-year and 10-year government bonds while other countries provide negative rates. “I’m impressed that gold is where it is today with how positive the real rates of return are in the U.S.,” he says. Looking at Greece, Holmes says the real concern is the collateral borrowings that the country has from French and German banks. “If they default, it’s going to have a bigger impact on the banks,” he explains, adding that it would eventually lead to a bottom in the euro. Tune in now for more from U.S. Global Investors’ Frank Holmes. Kitco News, April 20, 2015."
The amount of gold holdings by PBOC is the very important validation of the monetary role of gold. Estimations in the market are as high as 5,000 t or even 30,000 t spreaded between different Chinese agencies.
"Nova Gold has published its new presentation for PDAC 2015. Now you can find more information about Alaska as mining jurisdiction and Donlin Gold type of Gold deposit. TNR Gold owns 100% of Shotgun Gold project in Alaska, which has very similar geology to Donlin Gold, according to Greg Johnson - one of the founders of Nova Gold. Read more."