Investors and gold producers alike are becoming nervous as the global price of gold continues to soften in the face of the strengthening US dollar. Alarm bells ring for producers when gold dips below $US1200 ($NZ1520) an ounce, severely eroding already stretched profit….
Banks have swung into action as gold prices continue to slide. Reduced loan-to-value ratio (LTV), cautious lending, and a close monitoring of the gold loan portfolio have prompted them to hedge their loan books against the reduction in prices. The yellow metal has….
Analysts and some precious metals’ sellers tend to focus on the “insurance” aspect of owning precious metals. They point out that having some in your possession helps protect your wealth in case of inflation, political unrest, or for use as an “alternate currency”….
Three variables affect the amount a seller might get for scrap gold: The item’s gold purity Its weight Gold’s daily spot price on the stock market. The item’s gold purity *Carat : the unit of measurement for the proportion of gold in an….
We worship it, buy it for investment, wear it as jewellery, weave it into cloth and even eat it. India’s love affair with gold crosses the boundaries of religion and also class — and reaches its zenith in the run-up to Diwali. “We….
Although the U.S. dollar is “fundamentally overvalued” and in a long-term downtrend, one prominent economist is expecting gold prices to average $1,335 an ounce in 2015. Speaking at the 25th Denver Gold Forum, keynote speaker Dr. Martin Murenbeeld, chief economist with Canadian firm,….