Tag: gold

Gold rush still irresistible in Poland

by Damien Simonart ZLOTORYJA, Poland (AFP) — Each spring they come from around the globe to the Kaczawa river in southwest Poland’s gold rush capital, vying for the biggest flash in the pan. Knee deep in water, excited enthusiasts, young and old alike, survey the riverbed in Zlotoryja in search of tiny gleaming flakes, hoping their perseverance will pay off. “Whenever I’m in the river, I find at least a dozen tiny pieces of gold […]

China overtakes India as world’s largest gold consumer

According to a study by the World Gold Council, China has become the biggest consumer market for the precious metal. It toppled India, which had led the table ever since official data were first made available. The survey found that Chinese customers had bought a total of 1,066 tons of gold products in 2013, up 32 percent from 2012, while their Indian counterparts had purchased 975 tons, up 13 percent from 2012 levels. The council […]