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Gold: Its charm and its thrall
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The price of gold has risen sixfold over the past decade. In India and China, both booming economies with massive populations, demand for the precious metal is soaring. A gold rush is on, as mining companies continue scouring the world for deposits. Some central banks, citing uncertainties about the dollar and the euro, are purchasing gold in ever-bigger quantities to shore up their reserves. Does this represent another chapter in the lure of gold on the human imagination?

An ore mining site in Alaska. A piece of heavy machinery called Drill Jumbo fulfills an important role. To reduce the ore to relatively small chunks, it opens holes in sections of bedrock and fills them with explosives. Mining companies from around the world are engaged in a turf war in Alaska over promising mines. (Photo/ Etsushi Tsuru)

Pogo mine, Alaska: 'Gold bonuses' secure stable...

April 08, 2012

During the Alaskan winter, dawn is late to break. At 10 a.m., when the sky finally brightens, I get on a tractor driven by my guide Paul Gibson and we set off for a gold ore...

Chinese customers buy gold pendants at a jewelry shop in Shanghai, China. Demand in China for physical gold and gold-related investments is growing at an explosive pace and its appetite for the yellow metal is poised to remain robust amid inflation concerns, said an Industrial and Commercial Bank of China (ICBC) executive. (AP file photo)

China: Gold purchases soaring amid expectations of...

April 08, 2012

The Chinese woman in her 50s wore no fancy jewelry or other accessories. But there she was buying gold.

7,000 tons of gold are stored in the vault at the Federal Reserve Bank of New York

New York and London: the world's gold trading...

April 08, 2012

In early February in a corner of the trading floor on the third level of the COMEX, a commodities exchange division of the New York Mercantile Exchange, men bellow "Put!"...

Workers of the Samsung Group collect gold items from its employees to procure US dollars at the Samsung Headquarters in Seoul, Jan. 7, 1998. A nationwide campaign launched to collect gold to help South Korea repay 57 billion dollars owed to the IMF in emergency rescue funds. (AP Photo)

After the gold rush: Why central banks buy gold

April 08, 2012

In August 2011, the Bank of Korea, South Korea's central bank, announced that it had purchased 25 tons of gold.

As gold prices soared, shops buying gold and precious metals sprung up on street corners across Japan.

A golden opportunity for Japan

April 08, 2012

There's nothing like saving for a rainy day. And with the price of gold as it is, many Japanese are selling their jewelry and gold bars to make a substantial profit.

Headquarters of the European Central Bank (ECB) in downtown Frankfurt, Germany. There is considerable disagreement on fiscal and monetery policies between south and north. (Asahi shimbun file photo)

European financial crisis stirs memories of Nazi...

April 08, 2012

"Before risking other people's money, Portugal should first sell its family jewels, especially its gold reserves."

Gold ore which contain 7.3 kilograms of gold per 1 ton

Gold, a gauge of global confidence

April 08, 2012

I visited Bretton Woods once. Located in New Hampshire in the northeastern United States, it is home to the Mount Washington Hotel, a beautiful white-walled resort standing...

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We sense the transition of the seasons in the redolence of the wind and our hearts flutter at the scent of our beloved. Fragrances add color to our everyday life and enrich our existence. We are unable to resist their bewitching allure.

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Director brings out the theater in opera

May 12, 2013

When the curtain rises, Shugo Ikoh's job as an opera director is done. There is nothing more that he can do. He always sits alone in an aisle seat among the audience.

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Asia’s No. 1 hub: Malaysia has ambitious plans...

May 12, 2013

With oil consumption in the Asia-Pacific region increasing more than 30 percent since 2000, Malaysia has been bolstering its role as an energy consumer and regional hub for energy trading. In cooperation with Singapore, with...

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ASICS races for larger share of global sport shoe...

December 23, 2012

ASICS, Japan’s largest sport shoe, apparel and equipment manufacturer, is gradually starting to make lengthy strides into the global athletic shoe market dominated by U.S.-based Nike and German Adidas.