Gold Silver Reports — Venezuela cut its gold reserves by 16 percent in the first quarter, according to data from the International Monetary Fund, as the country’s economic crisis deepened and the government faced concern that it may struggle to honor bond payments.
Gold Silver Reports — Gold sales by retailers in Hong Kong are forecast to experience in 2016 the worst downturn in at least 15 years as fewer mainland shoppers spend less money on jewelry.
Gold Silver Reports — Sibanye Gold Ltd., the biggest producer of the precious metal from South African mines, wants to buy a gold-producing asset by the end of the year, adding to its acquisitions of platinum operations in its home country.
The asset would have to make a “material difference” to Sibanye’s current output, meaning it would have to produce at least 200,000 ounces of gold a year, Chief Executive Officer Neal Froneman said in an interview after the company’s annual general meeting Tuesday. Any acquisition would have to be generating cash to help pay dividends, he said.
I realized that I don’t have to be perfect. All I have to do is show up and enjoy the messy, imperfect and beautiful journey of life. – Kerry Washington