Gold News

Gold Price Stable for Two Weeks

Jul 072012

Gold price has shown a remarkable stability for almost two weeks straight. Investors
and authorities in the precious metals trade are hopeful that this trend continues for the
next couple of weeks so as to establish its price in the market and increase more de-
mands for it.
Most of the time the gold price trend runs inversely to the current dollar price in the mar-
ket. So it can be observed that when there is a decrease in the value of dollar, there is
a signiﬁcant increase in the gold price.
This is because gold is a commodity that is US dollar denominated.So when dollar
value decreases, it means that more dollars are required to buy certain commodities. In
terms of gold commodity, it signiﬁes higher value or bullion price and encourages more
sales and demand in the market.
But upward or downward the trend of the dollar value is not the sole factor that affects
the gold price. Nevertheless, it has a signiﬁcant inﬂuence over the trending gold and
precious metal prices in the market. Another big factor that affects the gold price is the
market demand for it.
Now that the Gold Price has been Stable for Two Weeks is a good sign for investors as
it indicates that the market is being favorable to precious metal investments .

A caption of an article below from The Economic Times tackles the latest trend in gold
price, and current developments in the precious metal market.

Gold Price Stable for Two Weeks

Gold held near two-week highs on Wednesday and was set for its second successive
weekly gain, thanks to a modest decline in the dollar that may sharpen investor appetite
for the metal.
The European Central Bank meets on Thursday to discuss monetary policy and is
widely expected to cut euro zone rates to a record low to try to contain the debt crisis,
without resorting to buying the sovereign bonds of heavily indebted nations such as
Spain and Italy to lower their borrowing costs.
More crucially for the gold market is U.S. monthly employment data on Friday, which will
offer some proof of the ability of the economy to generate jobs and the scope for the
Federal Reserve to take additional policy measures to stimulate growth.

Spot gold was bid at $1,615.99 an ounce at 0953 GMT, down 0.1 percent on the day
and was up nearly 1 percent on the week, set for its second consecutive weekly rally, its
longest stretch of gains since late February.
COMEX gold futures for August delivery traded down 0.4 percent on the day at
$1,616.20 on the Globex electronic platform.
FED TRUMPS ECB The ECB’s widely expected decision on Thursday to cut rates by 25
basis points to a record low 0.75 percent could prove positive for gold, even if shifts in
U.S. rates have more impact on the dollar-price of the metal.
“Gold tends to beneﬁt from easier monetary policy,” HSBC analyst James Steel said.
“….while an ECB rate cut might be initially bearish for the euro it should ultimately help
support the euro to the extent that it relieves ﬁnancial market pressures in the euro
zone. Based on the positive correlation between the euro and gold prices, an ECB rate
cut could therefore be near-term bearish but eventually bullish for gold.”
The correlation between the euro/dollar exchange rate and the gold price touched its
strongest in 2-1/2 months on Wednesday, rising to 0.60 from below 0.40 in late June,
meaning the two assets are more likely to move in tandem with each other than they
were two weeks ago.
In fundamental news for gold, output in China, the world’s largest producer, stood at
31.2 tonnes in May, up from 28.8 tonnes in April and the highest monthly ﬁgure this
year.
The steadier tone in gold extended to silver, to which it tends to be quite strongly posi-
tively correlated. The correlation between the two rose to 0.89, from around 0.85 late
last week, the highest since March.
Silver was last ﬂat on the day at $28.41 an ounce. Platinum slid 0.8 percent on the day
to $1,470.29, while palladium rose by 0.3 percent to $596.25. The palladium price
staged its biggest one-day rally since late December on Tuesday, when it rose by 3.82
percent.
The previous session’s weakness in the dollar, which makes it more proﬁtable for
non-U.S. investors to buy dollar-priced assets, together with data that showed car sales
in the United States beat expectations in June helped trigger the rally.

If you want to continue reading this article you can see it here

Previously gold may have been having a hard time in the precious metals market and it
may give an impression to investors that it is not a safe haven investment anymore. But
the current upward and stable trends in that the gold price is an indication that it
doesn’t lose its spark, and that all the reasons why one should invest in gold and other
precious metals such as silver strongly remains

The European Banking system is falling apart, So Buy Gold !

Dollar, EU, Euro Crisis, Gold News, Gold Price, Gold Price Video, Hyper Inflation, Markets No Responses »

Jun 162012

The European Banking system is falling apart, look at greece in its great depression and Spain getting there second bailout.

all these foreseen situations will boost Gold’s status as a safe asset.
Hyperinflation is just around the corner, its amazing how people are so influenced by the media and since precious metals have been getting a slating lately, people sell when the prices go down, wake up people this is the time to buy, gold is money, thats why they sell when the price is falling, they dont understand the concept that gold is money, it holds it purchasing value, where as currencies dollar and euro for example are losing there buying value and are headed for collapse,

so I hope you understand that its either Gold or paper, now what would you pick , so the current price is not important, you just need to own some gold, below is a video where James Turk is interviewing John Embry, this interview is a must watch, it always is when these two get together.

The way they see it long before the Bull market reaches its end people wont sell gold they will exchange gold for other productive assets. take the time to watch this interview, its reassuring to know that gold is still a great investment and it will continue to be for a long time to come.

John Embry and James Turk on why the Gold Bull Market isn’t Over

these are interesting times with Greece going to the polls tomorrow, People are getting nervous, wether they should have there money in the bank,Greek have withdrawn millions of Euros from there banks over the last few weeks and have moved them to swiss accounts, all this because a lot believe that Greece could be returning to the drachma. when you have gold you dont let this bother you so much, but either way its Europe is a very bad situation, which could have dire consequences on the world economy.

Gold Bull Market to Happen Before the Year Ends

Gold News, Gold Price, Inflation, Precious Metals No Responses »

May 292012

It is undeniable that gold price has not been performing well this past few days. But despite this fact authorities and veteran investors are very positive about the prediction of Gold Bull Gold Bull Market to Happen Before the Year Ends.

The current drop in precious metal price is due to gold’s current correlation with risky assets such as copper, but despite its current price drop some countries continuously buy and stock gold. This may be an indication that investor doesn’t totally lost their confidence in gold. And possibly this could also indicate that they still recognize gold and other precious metals as the best hedge against the ongoing global inflation and its ill economic effects.

To have a closer look into the reason why we must not lose hope and confidence in gold is discussed in detail in the article caption bellow.

Gold Bull Market to Happen Before the Year Ends

Gold could regain its safe-haven status before the year-end, analysts say, though investors should expect further near-term price volatility as the metal maintains its correlation with risky assets.

In recent months, gold has traded broadly in line with industrial metals and equities as investors seek cash due to fears over the euro-zone debt crisis and slowing global growth.

According to data from the International Monetary Fund released last week, Mexico, Kazakhstan and Ukraine were active buyers in the gold market in April, while the Philippines’ central bank lifted its reserves by more than one million troy ounces in March. It was the seventh consecutive month the Philippine bank added to its official gold reserves.

Gold’s correlation with copper, often seen as an indicator of risk appetite and a bellwether for economic health, has strengthened since the start of May, as fears over a Greek exit from the euro zone intensify.

In the near term, gold is vulnerable to shifts in macroeconomic sentiment, Societe Generale Metals Analyst Robin Bhar said. However, he noted that gold can regain its safe-haven status following major risk-off events.

He cited gold’s correction and recovery following Lehman Brothers’ collapse in September 2008 as an example of gold’s ability to reassert its safe haven status after a period of trading in line with risky assets. Gold surged on safe-haven buying in the immediate aftermath of Lehman’s collapse, before falling over the following two months amid cross asset class liquidation. It then resumed its uptrend in December 2008.

In Mr. Bhar’s view, a return to prices of $1,640-1,660 per ounce would be the minimum necessary in today’s market to indicate the return of the safe-haven trade.

To read more about Clementine Wallop’s article click here.

Though gold may be in bad shape these past few days because of its bad association with copper, nevertheless it still holds a promising potential to reverse the current negative trend of gold price in the market.

Indeed Gold Bull Market to Happen Before the Year Ends is something that everyone should anticipate and look forward to.

Nonetheless authorities’ gives a forewarning that there will be a close volatility in gold price before it goes up again before the year ends.

Gold’s Remarkable Price Trend

Gold News, Gold Price, Inflation, Precious Metals No Responses »

May 212012

Gold’s remarkable price trend change between Thursday and Friday’s trading sessions gives a ray of hope to investors who are downhearted by previous week’s gold price performance. Hopefully it will be able to keep up its upward price movement given the fact that some socio political events in the market are favorable to gold.

Despite gold’s price volatility it still remains a stable and low risk safe haven investment. This is what investors are seeking for in this time of economic uncertainties, a kind of investment that does not only get them through difficult times but also offers them a great opportunity to let their investment s grow.

Here is Mike Unser giving us an overview of the current gold price trend in the precious metal market.

Gold’s Remarkable Price Trend

Gold rebounded a combined $55.30 between Thursday and Friday to spring back from its lowest price this year and eke out a 0.5% weekly gain — the first in three weeks.

Advances on Friday were largely attributed to bargain hunting and a weaker U.S. dollar which fell after its longest winning streak since 1985, a ride of gains that lasted for 14 straight sessions.

In closing Friday, gold prices for June delivery rose $17.00, or 1.1%, to $1,591.90 an ounce on the Comex in New York. The yellow metal hit an intraday low of $1,567.80 and reached a high of $1,597.50. The settlement is 3.6% higher than when gold closed on Wednesday to its lowest price this year at $1,536.60 an ounce.

Two weekly gold surveys show differing levels of expectations for gold prices next week. A Bloomberg survey was bearish for the first time in six weeks while a Kitco News survey is heavily bullish. The latter results first:

“In the Kitco News Gold Survey, out of 33 participants, 23 responded this week. Of those 23 participants, 21 see prices up, while two see prices down, and zero are neutral,” reports Kitco.

“A solid majority of participants expect prices to rally next week, especially since June gold futures on the Comex division of the New York Mercantile Exchange held the (intraday) low set on Wednesday of $1,526.70. Many said the sell-off was overdone so the rebound was in due course…

As for the Bloomberg survey, it has 13 of 29 survey participants expecting lower gold prices next week. 11 were bullish and 5 neutral.

For the year, gold prices have gained $25.10, or 2.9%.

To learn more about this article, click here.

Despite the fact that gold had been down in previous weeks, investors and authorities are positive that gold can definitely make a comeback this week. As based from the market and industrial demands for gold, plus the natural quality of gold as a safe haven investment it is expected that gold price will rise in the coming days.

Though gold shows a very volatile pricing in the previous weeks, one must remember that the reasons that made gold a great investment and a great store of value and assets still remain.

So for those who are reluctant in investing in gold, consider those times that gold price drops as a great opportunity to invest in and store gold for future trading and use.

Indeed Gold’s Remarkable Price Trend is yet to begin.

Gold Price down, great

Gold Bullion, Gold News, Gold Price, Hyper Inflation, IMF, Inflation, Precious Metals No Responses »

Apr 242012

This last week was a not so good for the Gold Price, but that depends on what way you want to look at it, It’s a great time to buy, this is a good dip, Gold has been used for 5000 years, and barter was one of the most common ways to pay for goods, well Iran and China are planning on trading Gold for fuel. This is the beginning of using gold as money, Here is a caption from Vicky Kapur’s article explaining and giving details on the current scenario in the gold market.

Gold Price down, great

Spot gold prices fell more than half-a-per-cent to $1,632.30 per ounce at 11.35am UAE time (7.35am GMT) this morning even as traders remain concerned over fresh debt tensions in the Eurozone and lackluster trading a day before the Indian gold buying festival Akshaya Tritiya.

According to Dubai Gold and Jewellery Group’s morning rates, gold is currently at a two-week low. While 24ct gold is being retailed at Dh196.50 per gm, 22ct gold is going for Dh184.75/gm and 18ct gold is available at Dh150.75 per gm in Dubai, the city of gold.

However, according to some analysts, this may be the only window available for medium-term investors to buy gold at these prices as China, arguably the world’s only working-condition growth engine, is reportedly mulling paying for Iranian oil in gold to avoid US-led sanctions on Iran trade, which kick in on June 28, 2012.

According to reports, Iran has already offered China and India – its leading oil purchasers – oil in exchange for goods other than their local currencies like wheat, soy and other consumables including white goods.

Logically, however, Iran won’t be able to meet all its foreign goods need through such a barter mechanism, besides the fact that it will need to save a share of the proceeds for future use. That brings gold, the ultimate store of capital, into the picture.

China purchased 454 tonnes of gold over a six-year period between 2003 and 2009 (besides adding about 100 tonnes in December 2002), and come July 2012, it will perhaps make the most use of its ballooning gold reserves.

India, on the other hand, holds 557.7 tonnes of gold reserves, having bought 200 tonnes of gold from the International Monetary Fund (IMF) in October 2009.

And these are just two (admittedly largest) of Iran’s oil importers. If more countries decide to join the gold-for-oil bandwagon to avoid choosing between plying their cars on the road and a head-on collision with the US, it’s anybody’s guess to where the precious metal prices may end up in the second half of 2012.

If you want to read more about this article, click here.

As the Gold price has fallen again today investors who are anxious to protect their assets against the rising inflation and fiat currency debasement should take this opportunity to invest in gold now before gold price rise up again.

Gold Remains a Safe Asset

Currency, Gold News, Gold Price, Precious Metals No Responses »

Apr 202012

Aside from being a safe haven investment, gold has been considered by many investors as one of the safest means to manage the risks in their investment portfolios. That is because most of the time the stock market is moving directly the opposite direction of the gold. So if the stock market declines, certainly gold will move upward.

But recently this trend seems to break down, when stocks declines gold tend to fall too. This put a question whether gold is still a good choice to investment in gold.

So here is an article by Hao Li which explains why gold remains a safe asset.

Gold Remains a Safe Asset

While chances of a third round of U.S. quantitative easing measures have dimmed, the World Gold Council said Wednesday the yellow metal’s price outlook is positive due to its global appeal and value in hedging against both inflation and deflation.

In the first quarter of 2012, U.S. economic data improved and minutes from the latest Federal Reserve interest-rate-setting meeting indicated that officials were less supportive of monetary stimulus.

These developments were perceived as negative for gold because loose U.S. monetary policy, which pushes down the value of the dollar and other currencies that peg to it, is one of the biggest factors that drove up gold prices in recent years.

Still, gold managed to rise 8.6 percent in the first quarter of 2012 against the dollar because other factors supported prices, the London-based WGC said in its latest quarterly commentary.

Rising oil prices, for example, stoked inflation fears and pushed up the price of gold, a traditional hedge against the waning purchasing power of fiat currencies.

Gold is also a hedge against asset deflation, stated the WGC. The dual fears of inflation and deflation in the sovereign debt crisis-plagued euro zone, therefore, have been supportive of the yellow metal.

The WGC also pointed out that aside from the U.S. and its policies, emerging market countries like China and India are also big gold buyers.

Research from GMO LLC, a Boston-based asset management firm, shows that emerging markets were the biggest consumers of gold in the world from 2000 to 2010.

Developments in China and India in first quarter 2012, however, were arguably bearish for gold’s outlook, as China’s weak economic data and the Indian government’s announced import duties and jewelry tax hikes cast doubt on the strength of future demand from the two countries.

The WGC, nevertheless, concluded that gold “continued to exhibit a positive (upside) skew” in the first quarter of 2012.

Prices of gold fell 0.57 percent, or $9.40, to trade at $1,641.90 per ounce in afternoon trading on Wednesday in New York.

For more of this article, click here.

Despite the current situation in the market still gold remains a safe asset that one can rely on in times of economic uncertainty. It is still the best safe haven investment with the lowest investment risks in the market.

So for those who are still thinking whether or not they should invest in gold, authorities already confirmed that gold is a safe asset investment. So before gold price rise up again, make sure that you already placed your hard earned asset in an investment that is guaranteed by authorities that is safe from inflation and currency devaluation. Get a gold investment now.

Risks on Fiat Money Financial System

Currency, Dollar, Euro Crisis, Federal Reserve, Gold News, Inflation No Responses »

Apr 152012

As the current global market relies on the value of fiat money currency, we are now facing a global currency crisis with an anticipated domino effect on our economies.

As certain authorities said, one factor that props up the current global financial system is confidence. Meaning our money system which is fiat money has no real value which must be backed up with tangible assets.

Our global financial system is just a Ponzi scheme, it has no real value and is built on US debt which many considered wrongfully as a reserve currency. With the paper money having no tangible asset as a backup for its value, it solely relies on empty promises made by a government overwhelmed with debt.

Banks at the moment have little cash as percentage in deposits. And with the current global financial system there are just a few safe haven investments that you can turn to just in case things comes crumbling down.

Here are some of the evidences that the worst on economic scenario is yet to come.

We have already experienced the biggest credit, government debt, and real estate bubble in history.
The US economic status is not getting any better which is a sign that the government is bankrupt, and that the US dollar currency will continuously lose its value and that it cannot sustain any longer.
The global financial system is unstable due to its dependence of fiat currency which is very unsound money.
Banks are over leveraged.
We have witnessed the failure to save the western economy and that its ill effects are continuously suffered by the people.
The cheap oil era is near its end.
There will be a great competition over vital commodities as the population continues to explode.
US, Europe, China and Japan had simultaneously had weak economies.
Baby boomer’s peak of taxpaying and spending years is nearing its end.
Greater septicity of economic risks due to the inter-reliance and connectedness of different markets.

As based in history no fiat money has ever survived for a long period of time. As we are now facing economic crisis, let’s open our eyes to other ventures that offers safe haven investment from this crisis that we are facing today. Give gold and silver investment a try.

Gold Vs. Silver

Currency, Dollar, Gold News, Gold Price, Inflation No Responses »

Apr 132012

Gold and silver are two of the most prominent precious metal in the market that has long been recognized for their intrinsic value and uses. As for now venture capitalists are always on the lookout on their current value and price in the market.

The current ratio of silver and gold prices is approximately 50 is to 1. Meaning you have to have 50 ounces of silver to be able to buy 1 ounce of gold. If we will look back in history, over the past 400 years, the median between these precious metals is somewhat like 16 is to 1 which is more likely to equate to the natural occurrence of silver and gold on earth’s crust which is more or less 17:1.

If we look closely in history, just prior to 1700 the ratio between these two precious metals was low nearly reaching 3:1 and never surpasses 16:1 ratio. Almost one century had passed and we see a gradual increase in the ratio difference between these two metal. It almost gone as high as 100 is to 1 ratio. These incidents lead some authorities to conclude that silver is undervalued than gold.

Silver just like gold is widely used as a monetary metal while at the same time has many industrial uses, these should make silver outperform gold in times of industrial advancements and economic upswings. But instead gold still holds the upper hand against silver even at times of economic growth. These only mean that there are a lot more grand investment opportunities that await investors if ever they choose to make precious metal business ventures.

As of the moment there is a strong investment demand in the market than selling pressures. So start investing now before precious metal price rise up again.

Inflation and its ill Effects

Currency, Dollar, Federal Reserve, Gold Bullion, Gold News, Inflation No Responses »

Apr 122012

Inflation and its Ill Effects

As Alan Greenspan once said that in the absence of gold standard, there is no way to protect ones savings from confiscation in the form of inflation. Inflation in short is simply robing people of its money; it takes in a form of a gradual and subtle reduction of people’s purchasing power through paper currency devaluation.

It has also been foreseen by the late president Thomas Jefferson that that entrusting a countries financial issue to bankers is too dangerous. As he once said “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around (these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.”

As we currently experience the ill effects of inflation and dollar devaluation, we can say that Jefferson and Greenspan’s words on inflation is true. The reality about inflation is that it is indeed a theft since its gradually an ongoing basis that diminishes people’s purchasing power.

But despite this current dilemma of the people, still the Federal Reserve’s goal is to engineer and maintain inflation (through certain policies) for their greater advantage. They rob people the worth of their money, and transfer it to bankers who can borrow large sums of money on a lower or zero interest rate. As a result we now have a higher consumer price index rise than before the gold standard was abolished. Meaning, products that you could buy for only $10 way back in 1913 now cost you more than $220.

Basically higher inflation rates enslave people. It steals from savers, it results in higher taxes, it puts lenders on a disadvantage position that results in higher risk investments. With the ongoing increase in oil price, global geopolitical conditions and tensions between certain countries, it is presumed that inflation is unavoidable and will still continue to rob us blindly. All of these are due to our dependence on fiat money currency.

$8000 per Gold once

Bullion Storage, Currency, Dollar, Euro Crisis, Federal Reserve, Gold Bullion, Gold News, Gold Price, Gold Price Video, Hyper Inflation, Inflation No Responses »

Mar 152012

In this great interview with James Turk from Gold Money, he predicts that the Gold price will reach up to $8000 per gold once between 2013 and 2015. The gold price is been manipulated to make the dollar look good, Only a small amount of the population understand that the currencies are in trouble and they are investing in gold, but as the printing of money continues, which is diluting the currencies thus reducing the peoples buying power ,when people become aware of this they will

Turn to gold and the gold price will surge. Panic buying will be the next step, so with this priceless information its time to buy regardless of the price now,

The gold price is less that $ 2000 per once, that’s the way to look at it.

When you see that the gold price is rising , this is a sign that there is a problem with the monetary system, and also there is not much gold leaft in the world, the production of gold is not meeting the demand.

Prohibition of gold was introduced in the USA in 1933 and some fear that it could happen again, this is why its safer to store your gold in different places around the world. Gold Money are one of the best gold bullion dealers in the world, they offer storage in different worldwide locations, I have bought gold and silver through Gold money and I store it in there Swiss vaults, this has been suggested to me by the Elevation Group as its a the safest bet, especially as its in Europe so not so far away but not in the Eurozone which is unstable.

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