New York -
Following a report by Goldman Sachs and the news Cyprus would be selling a significant portion of its gold reserves, gold and silver dipped at the end of the Friday trading session. On Monday, it fell even more.
A company known as Planetary Resources, which is being backed by multiple billionaires including James Cameron, is hoping to find asteroids in space and mine them for materials which are running low on earth.
Canada's head-scratching puzzle as to where its "missing" precious metals disappeared to, worth an estimated $10 million, have long been suspected to be the result of some sort of error. Now it seems that the metals might be still be at the mint.
South African gold and platinum operations are closing down their operations due to an electricity emergency, fears of miners being trapped due power failure has pushed the closings, in response gold prices soared.