The precious metals had a good run in the week leading to Christmas. Gold prices rallied to a four-week high, with silver scoring a five-week high as the week came to an end. Despite the upward trend, silver did not test $26 and neither did gold break $1900. Analysts believe the metals are getting support
Author Archives: Gold News Australia
Perth Mint November 2020 Release: AUSTRALIAN LUNAR SERIES III: 2021 Year of the OX
The Perth Mint has released another immaculate set of coins to commemorate the upcoming year of the Ox next year. The auspicious year brings with it an ancient myth of how the Ox become the second zodiac animal. As the myth goes the Jade Emperor decreed that the order of the animals that represent the
Perth Mint Precious Metal Collectors Coin Release [October 2020]
New Coin Releases by the Perth Mint The Perth Mint is well known for its high grade, high quality gold and silver coins since it was established on 22 June 1899. Up to this current day, the Perth Mint has managed to maintain an impeccable track record within the spectrum of gold coin, silver coin
VIDEO: What’s driving the gold rush on financial markets? | Inside Story
From Al Jazeera English: The coronavirus pandemic means we are facing our worst ever recession. When times are tough, investors tend to put their money into so-called ‘safe haven’ assets such as gold. The gold price hit a record high of $2,060 an ounce a couple of weeks ago, a 30 percent rise this year.
GoldNews.com.au Under New Management
A quick update to let you know that GoldNews.com.au is now owned and operated by Online Invent Melbourne. The previous contributors to the site had run out of spare time to continue their work, as such we have decided to make the offer to take over the operations to ensure the site continues to produce
The Case For Gold In Switzerland
Switzerland is known for producing quality products, if its Swiss made then you expect it to be the best thing in the world. There is are Swiss watches, Swiss cheese, Swiss chocolate and Swiss gold. A lot of people don’t know that gold is the biggest export product in Switzerland but it has been since the 1970s.
Gold Coin buying Mistakes You Should Avoid
Big decisions usually come after lots of tiny steps. When securing your future by buying precious metals like gold, a single wrong move can cost you. When you take a decision to invest in anything, you should know as much as you can about the process. When you know all there is to know about investing in gold you will be better prepared and you will be less likely to make mistakes like the ones outlined here.
Why Is Brexit Not Attracting More Gold Investors?
The Brexit crisis in the UK was expected to draw in more gold investors looking to hedge their wealth. So far, there seems to be a low appetite for gold amongst UK investors which goes against expectations.
The Most Epic Political Campaign Ever
Politicians have like to promise that they will do things to make people’s lives better. They may throw in numbers and promise bigger and better and more of something that the country lacks. People vote because they hope that the party or person they are voting for will live up to their word but they seldom do.
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.
