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Eddi McGuire Celebrates Million Dollar Hot Seat Anniversary with ABC

June 10th, 2014 No comments

Eddi McGuire

 

To celebrate Million Dollar Hot Seat’s 1000th episode airing tonight, Eddie McGuire immersed himself in some of Australia’s finest Gold bullion. Help secure your financial wealth with investment grade bullion by contacting us today. Picture: Mark Stewart Source: News Corp Australia

 

 

In Gold We Trust: Physical Supply Never Been Tighter

December 11th, 2013 No comments

In Gold We Trust Cut

Alex Stanczyk, Chief Market Strategist for the Anglo Far East  group of companies recently returned from a trip to Switzerland where he confirmed that the distribution of gold from west to east is not slowing down whatsoever. Refineries in Switzerland are still working 24 hours a day to cast bars for china, sometimes having difficulty sourcing the gold…

“We met with the managing director of the largest refinery in Switzerland and spent about two hours talking to him. We learned some very interesting things. What’s going on in the gold market as far as the price, is I think very counter intuitive. Everybody understands, knows and believes the price should be higher than it is, but it isn’t. There’s confusion in the marketplace, and there are two reactions; the reaction in the west is fear, confusion and uncertainty; the reaction in the east is buying.”

 He indicated the price didn’t make sense because he has got so much fabrication demand. They put on three shifts, they’re working 24 hours a day and originally he thought that would wind down at some point. Well, they’ve been doing it all year. Every time he thinks it’s going to slow down, he gets more orders, more orders, more orders. They have expanded the plant to where it almost doubles their capacity. 70 % of their kilobar fabrication is going to China, at a pace of 10 tons a week. That’s from one refinery, now remember there are 4 of these big ones [refineries] in Switzerland.

…At this Swiss refinery there have been several times this year on which they were unable to source gold, this shocked me. They’re bringing in good delivery bars, scrap and dore from the mines, basically all they can get their hands on. This gentleman has been in the business for 37 years, he was there during the last bull market in the late seventies. I asked him when was the last time this has happened, that he was unable to source gold, he said never. And I clarified it, I asked: let me make sure if I understand what you’re saying to me, in the last 37 years you’ve worked in the gold industry this has never happened? He said: this has never happened.”

In Gold We Trust: Physical Supply Never Been Tighter

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Bullion smuggling outstrips narcotics to feed India’s gold habit

December 11th, 2013 No comments

Indian Jewellery Shop

“Indian gold smugglers are adopting the methods of drug couriers to sidestep a government crackdown on imports of the precious metal, stashing gold in imported vehicles and even using mules who swallow nuggets to try to get them past airport security.

Stung by rules imposed this year to cut a high trade deficit and a record duty on imports, dealers and individual customers are fanning out across Asia to buy gold and sneak it back into the country.

In a sign of the times, whistleblowers who help bust illegal gold shipments can get a bigger reward in India than those who help catch cocaine and heroin smugglers.

From travellers laden head-to-toe in jewellery to passengers who conceal carbon-wrapped gold pieces in their bodies – in the mistaken belief that metal detectors will not be set off – Indians are smuggling in more bullion than ever, government officials say, driven by the country’s insatiable demand for the metal.

Grappling with a high trade deficit and weak currency, India imposed measures this year to crimp demand for gold, the second most expensive item on its import bill after oil. It imposed a 10-percent duty on bullion and a 15-percent tariff on jewellery. Imports plunged to 24 tonnes in October from a record 162 tonnes in May.

Gold is an integral part of Indian culture, offered at weddings and festivals. India was the world’s biggest gold consumer until last year but will be overtaken by china in 2013.”

Bullion smuggling outstrips narcotics to feed India’s gold habit

If Indians want their gold, they will have their gold. You can’t break thousands of years of tradition and culture because of the whims of a few bureaucrats.

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World Gold Council: Beyond the 2013 Milken Institute Global Conference

June 15th, 2013 No comments

Published on Jun 13, 2013

Leaders from the World Gold Council reveal how, in the weeks since the Milken Institute Global Conference, discussion has focused on gold’s ability to curb risk and inspire development in a volatile economy.

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Several Exponential Charts

October 18th, 2012 No comments

As the central banks around the world increase their bank balance sheets, this in turn expands the world’s total money supply …..

M2 (money supply) – (Economics) the amount of money in circulation in notes and coin plus non-interest-bearing bank deposits, building-society deposits, and National Savings accounts:

http://www.zerohedge.com/news/2012-09-25/several-exponential-charts

- Source: Zero Hedge/Deutsche Bank

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Reality Check: What is QE3? And What It means For The U.S. Economy

October 17th, 2012 No comments

What does QE3 actually mean? Lets hear it straight from Reality Check Fox News:

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Real Dow flags failure for QE3

October 17th, 2012 No comments

The Real Dow is the Dow Jones Industrial Average divided by the price of gold, as opposed to the share values of 30 Blue-chip stocks listed on the New York Stock Exchange. How is the Real Dow performing against gold?

Read more here:

http://www.afr.com/p/personal_finance/portfolio/real_dow_flags_failure_for_qe_GUcUSBHsrVW4V8mHNabqxK

- Source: Financial Review

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6 Reasons to Invest in Gold

September 27th, 2012 1 comment

If you’re looking for a good return on your investment, buy gold. Why? Because gold has a strong history in preserving value even when national currencies were losing value. If the value of your current investments is being determined by depreciating currencies then it may be a good time for you to start thinking about investing in gold.

Wondering where you fit in when it comes to the ‘type’ of people who have decided to take their hard-earned money and invest it in gold? They are the people you meet in your everyday life, i.e. doctors, carpenters, teachers, and bank tellers. In fact, the next time you see your next door neighbour, ask them if they happen to be a gold investor. You just may be surprised at their answer. What we’re saying is that anyone who has an interest in investing in the gold market can become a gold investor.

6 Reasons to Invest in Gold

The following are 6 reasons why it’s a good idea to invest in gold:

1. Gold utilisation is not keeping up with global gold production. This means the price of gold is going to continue to rise as demand increases.

2. Gold is a universal form of currency. For instance, the US dollar is currently weak with no apparent end in sight due to existing economic policies. Investing in gold is a great way to increase the value of your portfolio because it is much more stable than national currencies.

3. Gold is a form of insurance, and can be separated from most capital assets that rely on someone else’s ability to pay.

4. It’s not difficult to buy or sell gold. In fact, gold can be seen as somewhat of a portable investment that you can buy and/or sell whenever you want.

5. There are lots of choices when it comes to buying gold. There are gold bars, gold coins, gold stocks, gold bullion, gold mining, etc. from which to choose from. It’s important that you recognize there are pros and cons to buying each form of gold, so be sure to do your homework so you can fully understand exactly what you’re buying.

6. Gold forms a properly diversified portfolio. At least 10% and no more than 30% of your portfolio should be comprised of hedge funds, making gold a great choice for creating a highly diversified portfolio.

Olympic Medals: Are Gold Medals Made of Gold?

August 7th, 2012 No comments

Olympic Medals: Are Gold Medals Made of Gold?

The 2012 Olympics are here! Excited competitors from all over the world are coming together in order to battle it out to see who is the best in the world within their chosen event. And it doesn’t even matter how many people are actually competing in any particular event, only the first 3 people who finish will receive a Gold, Silver or Bronze medal for that particular event.

People from all over the world tend to be quite fascinated by these 3 different Olympic medals, yet not much is known about how they are made. Since there are 3 different medals, each one is going to have a different financial value. Anyone who has ever competed in the Olympics and received an Olympic medal can tell you that to them they are priceless.

What are Olympic Medals Made Of?

Most people are going to be surprised to find out that the Olympic gold medals are now made mostly with silver. The silver medal includes sterling silver and the bronze medal is made up of mostly copper. Because gold prices have increased about sixfold in the past 10 years the cost to make the medals continues to rise. No longer is gold $300 an ounce, it’s now nearly $1,600 an ounce. Although silver prices are considerably less than gold, the prices of this precious commodity have also continued to climb in the last decade.

There were 2,300 Olympic medals made for the 2012 Summer Olympics, which have been placed in the Tower of London where they have been carefully guarded until the start of the games. The following is the breakdown of metals used to make each medal:

  • Gold Olympic Medal – 92.5% silver, 1.34% gold, 6.16% copper
  • Silver Olympic Medal – 92.5% silver, 7.5% copper
  • Bronze Olympic Medal – 97% copper, 2.5% zinc, 0.5% tin

Even though the Olympic Gold medal is no longer made from 100% gold, they still hold a high value due to the symbolism they hold. Although it’s not very often that you’ll see an Olympic medal for sale, it does happen. Mark Wells, a 1980 men’s hockey winner, put his Olympic Gold medal up for sale at auction and got an impressive $310,700.

Interesting Fact

It was 1904 during the St. Louis Olympics that gold medals were first used as a first place prize. It was 1912 during the Summer Olympic Games in Sweden when the very last solid gold medals were given out.

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How India is Buying Up Gold

June 25th, 2012 No comments

To buy gold and use gold is a common practice in many cultures. In countries such as China and India, gold holds a significant cultural value. According to the World Gold Council, India remained the top buyer of gold in 2011, ahead of China. We look at how this key Asian market is buying and using gold.

India’s insatiable demand for gold

  • With around 933 tonnes purchased in 2011, India is the leading buyer of gold in the world. China follows as a close second to India, purchasing 769.8 tonnes of gold in 2011.
  • To buy gold for relatives and friends often holds a cultural or religious significance in these two countries. In India, gold is associated with religious festivals such as Diwali.
  • To buy gold bullion or jewellery and wear it is sometime seen as a symbol of wealth or a secure way to hold wealth. China and India are expected to continue to account for more than 50 per cent of the world demand for gold in the coming years, particularly as living standards and spending power grows.
  • The World Gold Council has suggested that China will overtake India in 2012, with the PRC’s demand expected to surge by up to 30 per cent, and India’s demand to fall to 800 tonne to 900 tonnes. While global gold demand fell by 4.6 per cent in the first quarter of 2012, China’s rising middle class is expected to continue boosting world demand for gold.
  • According to the World Gold Council’s Gold Demand Trends Q1 2012 report, demand in India fell from 290.6 tonnes to 207.6 tonnes from a year ago, with investment demand falling 46 per cent and jewellery demand falling 19 per cent. The Council states that these falls and the expected slight decline in India for 2012 is partly attributable to the raising of taxes and import duties in India. Lower prices could mean that it’s a good time for investors to buy gold bullion.
  • However, to buy gold bullion and utilise it as a gift is a common practice in India. For this reason, it’s likely that investors and consumers will simply adjust to the higher taxes and duties, given some time.

Demand for gold expected to grow

According to comments by the World Gold Council’s Jason Toussaint in 2011 (as reported by Business Insider), only 40 per cent of Indian households buy gold. The remaining 60 per cent of Indian households might have a similar level of demand for gold that’s not yet realised. According to Toussaint, should current long term purchasing trends continue in India, Indian demand for gold could grow by as much as 400 per cent by 2025.

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