Global Gold Rush

Wednesday, June 30, 2010

 The current global crisis has sparked off a modern day gold rush around the world. It is not only private investors that have jumped on the gold bandwagon but Central Banks and Corporate businesses too have climbed onboard.

The Central Bank in USA holds the most gold bullion reserves in the world with over 8000 tonnes. There is now evidence that Russia, China and Saudi Arabia have been stockpiling gold too. Markus Grubbs, Managing Director of WGC commented that “The backdrop is the continuing financial crisis and people’s desire to protect their wealth by investing in something that they believe is going to hold its value”.

The bullish gold market is further fuelled by the continuing European debt problem centred on Greece, Spain and Portugal. If the situation continues and prices rise, gold’s strength as a hedge against inflation will come into play. With analysts predicting increasing gold prices buying gold as a safe haven for assets makes perfect financial sense. More...

Gold on a Budget

Wednesday, June 30, 2010

Investing in gold bullion makes perfect sense in today’s unstable financial situation. Buying gold on a budget, no matter how small a purchase, is a step in the right direction.

Investing in individual gold coins, such as the Gold Maple Leaf or the American Gold Eagle is affordable for most investors. By transferring your savings into gold bullion is a sensible way to save in today’s current climate.

Pooled gold is a great form of investment on a budget. Investors purchase a portion of a gold bullion bar making it an affordable option allowing buyers from all walks of life to expand their investment portfolio. Analysts recommend that nowadays 20% of your portfolio should be gold based. More...

Sale of the World's Largest Gold Coin

Tuesday, June 29, 2010

The world’s largest gold bullion coin has been sold for a record £2.68 million (euro3.25m). The coin was sold at the renowned Austrian Dorothium auction house.

The Canadian Maple Leaf coin was one of five specially made by the Canadian Government in 2007. Weighing 100 kg and 53cm in diameter it displays a picture of the Queen’s head on one side. In fact the Queen owns one of the original five.

The coin, with a face value of 1 million Canadian dollars, was bought by the Spanish precious metal company, Oro Direct. They remarked after the sale that “we already made a nice profit because the gold price increased in the afternoon”. They went on to add “we believe that this way is a way to demonstrate our opinion that gold is the ultimate store and wealth”. More...

Gold Appeal

Tuesday, June 29, 2010

The appeal of gold continues to shine as gold bullion remains one of the best performing assets in recent years.

Investors are buying gold in increasing numbers to take advantage of its continuing rising prices. As the world’s economy remains in turmoil, gold is considered to be the most sensible and stable investment at present. Not only is gold a safe haven for your savings it is a hedge against inflation and deflation.

The option of buying gold bullion bars and coins is further enticing as they are except from VAT and Capital Gains Tax. Gold is not only appealing because there is the possibility to make a quick buck; it also makes an excellent long term investment. Taking a chance on gold is one the whole world is apparently willing to take. More...

Gold and the G20 Summit

Monday, June 28, 2010

Financial markets are waiting with eager anticipation for the repercussions of the G20 summit being held in Canada over the weekend.

The European debt problem has strongly influenced the price of gold bullion. Investors are increasingly buying gold as a reaction to the ongoing debts owed by Greece and other nations. Analyst Jessica Cross said “Sovereign risk has attracted establishment money into gold, which tends to be long-term money. It’s about adding safe-haven security to your portfolio”.

It is hoped that the group of 20 nations will address the European problem and find a possible solution to the growing debts. Gold is faring well in response to the situation however. Analyst Audrey Kryunchenkov said “gold is trading like a currency. People are not ready to liquidate their holdings. They are using price dips as buying opportunities”. More...

Gold Up-Dollar Down

Monday, June 28, 2010

As the price of gold bullion goes up the US dollar continues to remain weak. This is on the back of the Federal Reserve in USA announced it will be holding interests rates at an all time low, possibly until next year.

Traditionally with a weak dollar the price of gold up as investors buy gold as a safe haven for their assets, this is ringing true at present. One possible reason why the Federal Reserve are keeping interests rates low in the hope it will boost the recovery of the USA’s economy and to increase exports. Some analysts are suggesting that the Government might possibly be trying to achieve this by intentionally depreciating the dollar.

There is further speculation that the dollar may weaken further as a result of the outcome of the G20 summit in Canada. Anticipation that many of the global economic difficulties maybe resolved is hopeful. More...

South Korea Gold Exchange

Friday, June 25, 2010

South Korea has announced that they are to launch a Gold Exchange in 2012. The Government hope that by encouraging a stable local gold market it will discourage black market gold trading which is rife in South Korea.

This is to be a pilot project in the hope that in the near future other commodities, such as oils and crops can be traded. Gold bullion was chosen as it is considered to be a worldwide currency. The Government hope that by “making gold trading more open it will increase the liquidity in Korea, which is in effect an increase of assets dominated in foreign currency. That will help stabilize the foreign exchange market”.

At present a high proportion of gold bullion bars are sold on the black market in South Korea and it is hoped that by lowering import tariffs to 1% and creating a Gold Exchange, gold trading in South Korea will be more transparent and profitable. More...

Gold in Dentistry

Friday, June 25, 2010

Gold has been successfully used in dentistry since Egyptian times. With its durable and pliable qualities it is a natural choice of material to use.

Initially in the 7th century gold wires and foil was used to repair teeth. In today’s modern dentistry a high quality gold alloy has been specially produced using a mix of platinum, silver, copper and zinc. This strong and durable 18 carat gold is used to make crowns, caps and bridges. As gold is non toxic in small quantities and very rarely does it produce an allergic reaction, it is ideal for dentistry.

In recent years when the price of gold bullion was high, dentists would buy gold alloys with a low gold content. At present the gold prices are reaching all time highs so let’s hope history doesn’t repeat itself. So not only is gold an excellent long term investment for your finances but it is also a good investment for your teeth! More...

Australian Gold

Thursday, June 24, 2010

Recent forecasts suggest that Australian gold bullion production looks set to continue to flourish. With an increased amount of gold developments in the pipeline gold mining is still big business in Australia.

Gold production in Australia is already at full capacity as it tries to keep up with the current global demand tobuy gold by investors. This year alone Australian production has risen by 10% and next year production is forecast to increase by 13%.

New projects especially in Western Australia are already up and running such as the Newport Mining Corps Boddington Mine. China is at present the world’s leading gold producer having knocked South Africa of the top slot.

 

 

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Golden Golf Clubs

Thursday, June 24, 2010

Williams F1 racing team have applied their aerodynamics to golf and have come up with a unique set of gold bullion golf clubs guaranteed to improve anyone’s game.

The Black Diamond Series golf clubs include a driver with solid gold insets and gold plated irons. For $50,000 you can invest in a set of golf clubs that are designed using the latest technology incorporating specific alloys and the metal Densimet.

Williams predict that by buying gold golf clubs they “will perform at the highest level and are not for show”. These impressive 24 carat gold clubs can be tailor made to suit anyone’s needs and requirements. More...

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Buying physical gold is not regulated by the Financial Services Authority (FSA). For the benefit of doubt, we are not Financial Advisors or fund managers nor do we give financial advice. The information contained on this website is for "informational purposes" only, and does not replace professional, regulated advice. We encourage you to do your own research before buying gold or silver, and to seek out professional advice from an Independent Financial Adviser (IFA) if you are unsure.