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Category Archives: Gold & Silver Markets

Why do countries hoard gold

Countries may have moved away from the gold standard but many central banks still hold significant reserves of this precious metal. Central banks are always looking to increase their gold and add millions worth of gold bullion to their reserves. If central banks are hoarding so much gold this begs the question why would banks hoard “non-yielding” asset instead of stocks and government bonds that generate regular interest and do not require a lot to store. It seems that gold is used by many countries as a security blanket and also as a way to show off their accumulated wealth.

Are We Ready For A Global Gold Deficit

The global demand for gold as a safe haven is growing but gold is increasingly being used in other industries like jewellery and electronics. Tons of gold bars and gold coins are bought every day but few people ever stop to think about how much more gold we can expect to get from this planet. Gold cannot be manufactured, it is a completely natural resource and as such it is limited. We have heard talk about peak gold production but we either aren’t fully aware of what this means or we are simply oblivious to what is going on.

Gold In 2019 And Beyond

Gold has come a long way in the investment world. It is loved by both ordinary people and global power brokers. It has been considered as a long term investment for those who want to build a strong financial future especially in these uncertain times. 2018 has been particularly eventful with gold showing growth when stocks and bonds faltered.

What the WGC thinks of gold in 2018

2018 is a good year for gold, That is what the World Gold Council (WGC) says. According to economic analysts, the S&P 500 struck an all-time highs but gold prevailed and finished stronger by 13.5%. This is the biggest annual gain since 2010. Gold outperformed a lot of other major assets.

Russian Gold Sales Soar As Country Works Towards Cutting Its Dependence On The U.S Dollar

Russia has been buying up gold, increasing its gold reserves since March 2015. Speculators have been throwing the idea that Russia is working towards decoupling its economy from the Dollar, especially with the growing tensions that America has had with other countries primarily because of the tariffs and economic sanctions. Russia was the third biggest producer of gold in the world in 2017. It produced 266.2 tons of gold in 2017, just 6 tons less than what Australia the second largest gold producer reported in the same year. According to the World Gold Council, the Russian Central bank increased its gold reserves by 224 tons. This would be the third year that the Russian Central bank has increased its reserves by 200 tons.

Demand from Rural India raises Perth Mint December Gold Sales

The year ended on a stronger note for gold. The demand for gold surged thanks in part to the high crop prices that farmers in rural India are getting for their produce. It’s clear that gold has a great influence on the economy of a country. According to the Economic Times of India, the demand for gold rose in India as a result of farmers getting more for their crops. Clearly, it has been a good harvest judging by the 15% rise in gold purchases in December. The rising prices of crops like Soybeans, cotton and guar have boosted farming income.

How the Trump-North Korea Situation is Stimulating Gold

In the last few weeks, there has been a lot of tension in the Pacific as the Trump Administration decided to mobilise military forces near to the Korean Peninsula, a region that has always been hot.

The Turkish Precious Metal Market

The precious metal market in turkey in 2012 aroused the interest of the world partly due to the demand stemming from the Turkish market which astounded traders coupled with a rumour that Turkey was prepared to trade the precious metal with crude oil from Iran despite international sanctions.

Dubai’s Investors and Gold Fans Are Seeing Opportunities in Falling Prices

For every penny gold goes down, there is a whole crowd of people trying to get the most. Trump’s victory didn’t stimulate the gold market as many experts expected. In fact, the precious metal dropped to its lowest point in five months.

Losing Gold Market Remains Highly Profitable for Australians

While international markets keep losing value when it comes the yellow market, this doesn’t represent a huge problem for the production industry in Australia. Even with the falling prices, the profits for Australian producers are massive.