Uploaded by VOAvideo on Aug 25, 2011 - As gold prices continue to rise around the world, there is renewed interest in panning for gold in certain parts of the United States. In the late 1800's the state of Virginia had a thriving gold-mining industry. Today there is still gold to be found in the streams of central Virginia. The lure of easy money is drawing many to buy prospecting equipment and head into nearby streams. But as Jeff Swicord reports from Goldvein, Virginia, striking it rich is not that easy.
Friday, August 26, 2011
Friday, August 19, 2011
Uploaded by AlJazeeraEnglish on Aug 19, 2011 - For investors in this economic climate, it seems that all that glitters is gold. The cost of the precious metal hit an all-time high on Friday after its seventh consecutive weekly gain. The metal has already risen by 14 per cent in August.It is being called a modern day gold rush, and is fueled by the dismal performance of the stock markets across Asia pacific.
Thursday, August 18, 2011
Published on Aug 18, 2011 by Euronews - The world financial markets have again been taking a beating due to renewed worries about recession and Europe's debt crisis. European bourses suffered their biggest daily fall in two and a half years - with the top 300 shares down five percent at the close. The sell off was on both sides of the Atlantic - with the Dow Jones Industrial Average down around four percent for most of the session - made worse by a decline in factory activity in the US Mid-Atlantic region and an increase in the number of Americans claiming new jobless benefits last week.
Thursday, August 18, 2011
Despite a report from the World Gold Council showing that demand for the precious metal has subsided, gold soared to a new record high today on the back of another stock market plunge and an announcement from Venezuelan President Hugo Chavez that the country’s gold mining industry would be nationalized.
Gold touched a new record high of around $1827 dollars an ounce as the Dow Jones plunged by 500 points in early trading.
Gold soared to new heights even in the face of aWorld Gold Council report that said demand was down 37% year on year.
However, the report noted that there was “increasing acceptance of higher price levels” globally, which explained a modest 3% fall in recycling gold on the supply side.
Although today’s new high for gold is obviously being driven by a flight to safety as the stock market crumbles, Hugo Chavez’s announcement last night that he was to nationalize the country’s gold mining industry undoubtedly has had an impact on today’s trading.
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Thursday, August 11, 2011
VOAvideo on Aug 11, 2011With the price of gold hovering around $1,800 an ounce, gold buyers haven't been this busy in many years. In New York, the buyers and traders of gold have a standing room only business. VOA's Bernard Shusman in New York City reports.
Uploaded by AlJazeeraEnglish on Aug 10, 2011 - Thailand is taking part in the global gold rush. Concerns over the global recession and debt crisis in Europe and the US prompted many Thais to buy gold as a safe haven amid market jitters across the region. There is so much demand for it that the Thai Gold Traders Association says some shops have run out. Al Jazeera's Veronica Pedrosa reports from the capital Bangkok.