Hunting for gold in Tanzania

MaxShimba · 2011-08-17T13:10:55+00:00

Gold Rush: Hunting for gold in Tanzania LONDON (Commodity Online): Hunt for Gold deposits has heightened around the world as countries led by global central banks and investors fascinated by the magic money sustaining power of the yellow metal are trying to amass gold. How much gold reserve you have is the question that everyone asks these days. While the 403 tons of gold sale by the International Monetary Fund (IMF) was lapped up by countries ranging from India to Sri Lanka, central banks are putting more emphasis on increasing their gold holdings. This unprecedented race for gold has resulted in a boom in gold prices in the last one decade. Gold price is now in the historic price range of around $1400 per ounce. Soaring gold price has greatly helped dozens of gold companies around the world. Companies are investing more money to mine gold. Read more »

Thread starter MaxShimba
Start date Aug 17, 2011

MaxShimba

JF-Expert Member

Aug 17, 2011

MaxShimba

JF-Expert Member

Aug 17, 2011

Thread starter
#2

Amoeba

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