Tag - Gold

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Saturday, January 13 2018

Gold is getting top bank asset status in Canada

Basel III" rules for banking stability will be fully applied to Canadian banks by 2019 and give gold bullion the highest status as a risk-free asset.

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Thursday, January 11 2018

15 Greatest Gold Heists of All Time

Gold is valuable and extremely rare, and therefore the yellow metal is usually protected at all costs. However, there have been multiple occurrences in history where evildoers have breached security measures and bullion has fallen into the wrong hands.

Today we count down the stories of everyday henchmen, terrorist groups, and nation states that have all stolen large swaths of gold loot. This includes notable worldwide events such as the Spaniards’ metal extraction from the New World, famous and recent ISIS raids on banks in the Middle East, and two significant transfers of wealth in WWII that occurred through the use of force.

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Saturday, December 2 2017

Russia, China and BRICS: A New Gold Trading Network

It seems that slowly and surely, the major gold producing nations of Russia, China and other BRICS nations are becoming tired of the dominance of an international gold price which is determined in a synthetic trading environment which has very little to do with the physical gold market.

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Tuesday, November 28 2017

Goldmoney Announces Joint Venture Letter of Intent with Zhaojin Mining to Launch Goldmoney China

Goldmoney, a gold-based financial service and technology company, today announced that following several months of negotiations and planning, founders Roy Sebag and Josh Crumb have signed a non-binding Letter of Intent in Zhauyuan, Shandong Province, China at the headquarters of Zhaojin Mining, formalizing a joint venture framework whereby Goldmoney, Taojinyn, and Zhaojin will together jointly launch and operate a local version of Goldmoney in mainland China which will be named Goldmoney® China.

The primary function of the JV will be to maintain a local version of the Goldmoney website and mobile app, translated to Chinese with fully localized customer service and marketing operations.

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Monday, November 27 2017

Store Gold in Minced Meat? 26 Ways to Store Gold

There are many places to store gold and other precious metals in your home, with some places more secure and covert than others. Luckily, since physical gold has a high value-to-weight ratio, for most people, storing their gold bars and gold coins won’t take up too much space.

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Sunday, November 26 2017

BRICS countries mulling formation of single gold trade system

The regulator plans to take first steps towards formation of a single trade system with the People’s Republic of China in 2018

"The traditional (trade) system based in London and partially in Swiss cities is becoming less relevant as new trade hubs are emerging, first of all in India, China and South Africa. We are discussing the possibility to establish a single (system of) gold trade both within BRICS and at the level of bilateral contacts," he said, adding that this system may serve as a basis for further creation of new benchmarks.

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Thursday, November 23 2017

28 Reasons to Buy Physical Gold

Throughout human history, gold has constantly emerged as an unparalleled form of savings, investment and wealth preservation. Due to its unique characteristics and features, gold has inherent value and cannot be debased. When holding physical gold, there is no counterparty risk or default risk. Wealth in the form of gold can also be held and stored anonymously.

From its ability to retain its purchasing power over time, to its safe haven status in times of financial turmoil and uncertainty, to gold's ability to diversify investment risk, there are many and varied reasons to own physical gold in the form of investment grade gold bars and gold coins.

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Monday, November 20 2017

These Doomsday Preppers Are Starting to Switch From Gold to Bitcoin

Across the North American countryside, preppers like McElroy are storing more and more of their wealth in invisible wallets in cyberspace instead of stockpiling gold bars and coins in their bunkers and basement safes.

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Friday, November 17 2017

Gold Survey 2017

Gold Survey 2017: Q3 Update and Outlook

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Thursday, November 9 2017

Gold Demand Trends Q3

The third quarter saw a 9% year-on-year (y-o-y) drop in gold demand to 915 tonnes (t). Year-to-date (y-t-d) demand was down by 12%. ETFs had another quarter of positive inflows, but at 18.9t, they fell far short of the 144.3t influx in Q3 2016. A softer quarter in the jewellery sector (-3%) accounted for 17t of the y-o-y decline. Demand from other sectors firmed: central banks bought a healthy 111t of gold (+25% y-o-y) while bar and coin investment strengthened by 17% (to 222.3t), albeit from a low base.

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Wednesday, November 8 2017

Why Doesn't Gold Get The Respect It Deserves?

In this report, we present a collection of empirical evidence we view as compelling support of gold’s productive role as a portfolio-diversifying asset.

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Friday, November 3 2017

900 kilos of gold traded after launch of new ‘Connect’ system, linking Hong Kong and Shenzhen

Nine hundred kilos of gold, worth 300 billion yuan (US$38.45 billion) swapped hands on Friday evening, in the first cross-border trading under the newly launched “Gold Connect”, that links the gold markets of Hong Kong and Shenzhen.

Under the scheme, mainland investors can trade yuan-denominated 1 kilogram gold bars in Hong Kong through one of the city’s 70 exchange members in Qianhai, the special economic zone in Shenzhen designed to facilitate the development of financial services that complement Hong Kong.

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Wednesday, November 1 2017

Invest In Gold To Defend Against Bail-ins

Depositors and investors should be aware of their country’s requirements when it comes to keeping their money safe in the banks. Whilst bail-ins will at present only hurt those who hold deposits above EUR 100,000, there is little stopping the protected amount being decreased, or ignored altogether.

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Gold Bugs Embrace Bitcoin, Upending Retail Sellers

Gold prices are rallying, but retail gold dealers and shops are struggling to survive.

Yet sales this year of American Eagles, a popular gold coin and a proxy for retail sales of physical gold, have fallen to their lowest levels since 2007, according to the U.S. Mint.

The weak demand is taking a toll on gold dealers, some of whose sales have dropped as much as 70% compared with last year, according to Jeffrey Christian, managing partner at market-research firm CPM Group.

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Germany fears EUROZONE MELTDOWN: German investors rush to buy gold

Figures from the World Gold Council (WGC) reveal the country invested a record £6billion in gold bullion and coins as well as in exchange-traded products.

Germany is now the world's biggest buyer of gold

Economic development in Germany has been strong over the past decade but investors have been very cautious about the risks to European financial and political systems.

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Tuesday, October 17 2017

Chartbook “In Gold we Trust 2017“

We are pleased to announce that our new chartbook "In Gold We Trust 2017" has been published. It contains the most exciting charts from this year's "In Gold We Trust Report" in an updated form.

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Saturday, October 14 2017

The psychology of gold and why it has that allure

Humans' fascination with gold is as old as time itself. The scarce material has a certain appeal to it.

Empires have flourished by possessing gold, wars have been fought to control regions harboring rich deposits of the metal and treasure hunters and explorers have spent a lifetime in search of it.

But were they fascinated by the metal or its color? The two can be hard to distinguish, said Peter Oakley from the Royal College of Arts in the UK. There is crossover between gold as a material and gold as a color, he said.

"The two feed off each other. The idea of gold as a color is intimately connected with our idea of gold as a material," he explained. So, when we think of it as a color, we unconsciously relate to the precious metal -- which in turn conjures images of wealth and success.

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Wednesday, October 11 2017

Is Gold Really a Good Hedge?

Given the solid performance of a portfolio including gold and the chance that the comfort of owning some might prevent investors from panicking at the height of a crisis, I have to conclude that the notion of gold as a hedge against serious risk aversion is true.

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Sunday, October 8 2017

Gold Can Help India Set Global Agenda On Monetary Policy

Gold could well be on the cusp of a historic move — not merely from a price action standpoint — but from the perspective of how global monetary policy is conducted.

Gold is money and currencies have to be backed to anywhere between 40 to 100 per cent by gold for them to have legitimacy as legal tender in the free market.

The one complicating factor would be the unfunded liabilities of all major governments that could dwarf the existing currency in circulation by a factor of 10 or more (US unfunded liabilities, according to academic Lawrence Kotlikoff, could be higher than $250 trillion).

Ignoring all of those complexities, the math after making reasonable assumptions for the reserves of the Western central banks would lead to a five-figure price for gold (in $/ounce) where the first digit need not necessarily be 1.

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Saturday, October 7 2017

The Gold Worm on the Yuan Hook

Once the oil exporters accept the deal, they will all be permanently caught. The price of gold will begin to rise, and rise and rise as more and more oil income is exchanged for gold. Thus, the gold income received from prior oil sales will become much more valueable for the oil exporters. I do not see the price of oil going up in terms of yuan. The first sellers of oil to China in exchange for yuan, and then exchangeable for gold, will get a lot of gold for their oil. As the scheme progresses, the oil exporters will get progressively smaller amounts of gold for their oil.

As gold commences a historic rise, the dollar will suffer a historic decline in acceptability, because higher gold means a lower dollar – more dollars will be needed to purchase gold.

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