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Tuesday, July 26, 2016 2:53:16 PM
by Ivana Kottasova
July 26, 2016: 11:51 AM ET
Why gold is considered an investing safe haven
The Royal Mint has struck gold with its bullion trading business.
The company, which is owned by the U.K. government, makes billions of coins for 40 countries. It posted the highest revenues in its 1,100-year history on Tuesday, as revenues from gold and silver trading soared 64%.
At the heart of the growth is a new online trading service, which makes it easier for investors to buy and sell gold. Nearly 20,000 accounts were opened between the launch in 2014 and the end of March, the Royal Mint said.
With record low interest rates, gold and silver have proven popular alternatives to savings accounts.
"The growth in our bullion business has been built across many activities but our increased competitiveness in the U.S. silver market has been at the center of our growth," said Adam Lawrence, the mint's chief executive.
Gold and silver coins produced by the mint are now accepted as investments within USA Individual Retirement and Health Saving Accounts...."
https://www.sec.gov/Archives/edgar/data/1561694/000120561314000049/sibanye_osprey.htm
http://investorshub.advfn.com/Great-Basin-Gold-GBGLF-1750/
http://money.cnn.com/2016/07/26/news/gold-silver-royal-mint-record-revenues/index.html
With the SEC taking a direct interest, as well as, the varied shareholders and financial institutions. It would be wise to let these horrific GBGLF shares hit zero ASAP and let them drift away into oblivion... $o...
The fact they have not ... ? Why would Sibanye Gold allow these GBGLF shares to trade if they outright own and control the Burnstone Gold mine? Hmmm?
Unless the Business Rescue Plan is actually being followed? Who knows, well Neal Froneman and probably RonThiessen...
http://investorshub.advfn.com/Great-Basin-Gold-GBGLF-1750/
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