Why Russia and Turkey are such gold bugs

Sugar daddy

While the world concerns itself with the Syrian civil war and the dangers it poses for the already disturbed Middle East, little notice is taken of the conflicts affecting Africa, probably the single most complex region of the world and arguably its most troubled, warned Tuesday the Centre for Research on Globalization (CRG).

Driven by several recent Discovery Channel shows dedicated to prospecting and steady gold prices of $1,600 and up per ounce, weekend placers —how they like calling themselves— have been recently wading into the state of Colorado's streams in numbers not seen before.

The Arab states of Sudan and Saudi Arabia unveiled Tuesday plans to start mining for gold, copper, silver and other riches along the Red Sea basin between the two countries as early as 2014.

South Africa’s economy continues to struggle as a consequence of the widespread strikes that have hit its mining sector since August, weighing more heavily on the economy in the third quarter than what economists had predicted.

Central bank efforts to weaken yen will spur gold demand

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A number of iron ore, copper and gold mines are being built and expanded over the next five years.

The company said it has to resume gold exports shortly or it will run out of money to cover running cost at its Sukari mine.