Archive for the ‘Gold’ Category

Suspicions grow causing the price of gold rises

Wednesday, July 27th, 2011

Where do we look at a scenario of uncertainty? And Or is it that capital to come and go, driven by rumors, news and financial ratings, the gold is intact.

Gold is a shelter that feeds the same low prices for oil currency, the collapse of the euro area: a value that is still benefited from the values that are opposed, as money.

To confirm the above: this week after a season of shocks on all fronts, gold trading at record levels: $ 1,620.

And you have to wait more pleasant surprises of gold, especially if the U.S. does not reach an agreement to increase the debt ceiling: the benefit or mistrust. There is your refuge character.

Only insofar as this year, gold has appreciated by 14%.

Inflation will encourage demand for gold as an asset haven

Tuesday, March 29th, 2011

Last Friday, the Chinese central bank that expansionary monetary policy in developed economies, even more upward pressure on commodity prices and the impact of dollars this year and inflation will boost demand for gold as a safe haven.

In a report which warned that the performance of the examination of financial markets, Bank of China also facing a deepening crisis of European debt, though its general outlook was optimistic.

“We expect the global economy continued its recovery and that the foundations for recovery are stronger,” said the detailed report.

About risks, the agency said China’s concerns monetary policy in Europe debt, inflation and the possibility of the emergence of a bubble in emerging markets. The bank also stressed that the dollar, the euro will underperform.

“In 2011, the dollar is bearish, because of slower economic recovery, low interest rates and a budget deficit and trade balance,” the bank said. “The possible spread of European government bonds crises and geopolitical risks could increase the value of the dollar at certain times,” he added.

He noted that developed countries remain free with an expansionary monetary policy and global liquidity, drive up the price of raw materials, notably oil and grain continue and that inflation, demand for gold as a safe haven asset support.

The agency also said that interest rates would rise gradually in the short term in large economies such as the recovery strengthens.

“But because the pace of global recovery is not strong, the increase would not be too high,” he said.

As regards goods, the bank informed that developed countries were to print money, improve their economies and raise prices without failure.

Bank of Vietnam prohibit the trade in gold

Tuesday, March 1st, 2011

The Vietnamese press has reported that the Central Bank of Vietnam has proposed the government to pass laws to ban the trade of gold from the second quarter of this year.

Clearly, published data from the Vietnamese News Agency, request the Central Bank of Vietnam in the second quarter is ordered, the government is illegal to ban the trade of gold “to import and export metal controls, and trade gold bullion on the open market.

The news agency run by the government also said it incomprehensible that the trade in gold not only in Vietnam but in other countries. “It’s bad for the economy because the country is gold, to import a cause of trade deficit.” He continued, noting that the elimination of the gold trade “necessary and timely,” according to the Government implementing measures to control inflation and stabilize the macroeconomic environment.

Vietnam is one of the few countries to define practice for the real estate prices for years directly in gold instead of the local currency, the dong due to its instability.

Alternatives to revive the gold price

Tuesday, January 25th, 2011

Gold has never been fashionable, but the economic crisis has once more a fever that has little to envy in the nineteenth century, located in California. Always on the economic difficulties, to have shops in the village life of certain terms.

It happens to be a time when investors are once again the gold metal as a safe haven, since neither the Exchange or passed its peak coincides with regard to profitability. And gold is a refuge in times of crisis scenario.

“Although stocks and bonds alternatives often fail during times of tension and instability in the markets, gold has been the performance of a portfolio in times of financial instability and stability in the last 5000 years to improve “the company said yesterday sales of Spanish Gold and Silver Gold Direct, which closed in 2010 as one of its best years, when the staff has doubled, in part after the opening last May, an office Manchester.

IESE Business School earlier this year that the average profitability of investment funds in Spain in the last ten years has been 0.85%, while gold, with the same period has increased its profitability over 300%. And that is the Midas metal goods whose value has increased in recent years, with annual reassessments of more than 20% since 2003.

Currently, the price is € 1 343 per ounce, and experts do not rule that can reach 2,000 Euros in the medium and long term.

Gold sold for 24 hours a day in the gold markets worldwide and is priced according to supply and demand at this time. It is a fact that demand far exceeds the current gold production worldwide.

Currently, global demands for gold in the following percentages are split: 51% for jewelry, 11% for industrial use and 38% for use by private and institutional investors. After Gold Direct, is the last segment that is growing, as demonstrated by the fact that only four years ago took jewelry up to 70%.

Archives