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ScotiaMocatta was formed by Scotiabank's acquisition of Mocatta Bullion from Standard Chartered Bank in 1997. They acquired it from Hambros Bank in 1973.. The company dates back to Moses Mocatta, who immigrated from Amsterdam to London where, in 1671, he established a shop for gold, silver, and diamonds, then opened an account with the English goldsmith-banker Edward Backwell (ca. 1618–1683).
The UK government's intention to sell gold and reinvest the proceeds in foreign currency deposits, including euros, was announced on 7 May 1999, when the price of gold stood at US$282.40 per ounce [9] (cf. the price in 1980: $850/oz [10]) The official stated reason for this sale was to diversify the assets of the UK's reserves away from gold, which was deemed to be too volatile.
The United States Bullion Depository, often known as Fort Knox, is a fortified vault building located next to the United States Army post of Fort Knox, Kentucky. It is operated by the United States Department of the Treasury. The vault is used to store a large portion of the United States' gold reserves as well as other precious items belonging ...
Gold as an investment. A Good Delivery bar, the standard for trade in the major international gold markets. Size of a 100 gram gold bar - packaged inside an assay for proof of authenticity - compared to a playing card. Of all the precious metals, gold is the most popular as an investment.
Carrara marble, or Luna marble (marmor lunense) to the Romans, is a type of white or blue-grey marble popular for use in sculpture and building decor. It has been quarried since Roman times in the mountains just outside the city of Carrara in the province of Massa and Carrara in the Lunigiana, the northernmost tip of modern-day Tuscany, Italy.
US stocks declined sharply on Friday after a weaker-than-expected August jobs report set off fresh fears about a recession. The S&P 500 closed out its worst week since March 2023, dropping about 4 ...
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