Published in Gold  london  property  property bubble 


Is London’s Property Bubble Set To Burst?

Today’s AM fix was USD 1,348.25 EUR 971.22 and GBP 805.16 per ounce. Yesterday’s AM fix was USD 1,334.25, EUR 971.57 and GBP 798.00 per ounce.

Gold rose $12.90 or 0.96% to $1,350.30/oz. Silver also rose $0.30 or 1.42% to $21.47/oz.

Gold has continued to edge higher and should achieve a fifth consecutive weekly higher close. This continued rise in gold’s price is bullish from a technical and momentum perspective.


Published in Gold 


Gold Surges 4.3% As $1 Trillion QE Per Annum, Debasement Continues

Today’s AM fix was USD 1,363.50, EUR 1005.90 and GBP 848.15 per ounce.

Yesterday’s AM fix was USD 1,299.75, EUR 973.16  and GBP 813.97 per ounce.

Gold climbed $56.40 or 4.3% yesterday, closing at $1,366.30/oz. Silver rose $1.37 or 7% to $23.09/oz. Platinum was up 3% to $1,460/oz, while palladium rose 1.7% to $715.75/oz.


Published in Gold  Gold 


Gold Surges Over 90,000 Rupees Per Ounce As Rupee Falls 27% In Less Than 2 Months

Friday’s AM fix was USD 1,374.50, EUR 1,028.59 and GBP 880.30 per ounce.

Today is the Summer Bank Holiday in the UK.

Gold and silver surged higher Friday after trading sideways in consolidation mode Monday to Thursday. Gold rose 1.6% and silver surged 4% on Friday. 

For the week, gold rose $21.70 or 1.7% to $1,396.30/oz and silver rose $0.92 or 3.45% to $23.98/oz.

Platinum was 1% higher to $1,541/oz for the week, while palladium fell 1.6% to $750/oz.

 


Published in Gold  Gold 


Gold Surges Over 90,000 Rupees Per Ounce As Rupee Falls 27% In Less Than 2 Months

Friday’s AM fix was USD 1,374.50, EUR 1,028.59 and GBP 880.30 per ounce.

Today is the Summer Bank Holiday in the UK.

Gold and silver surged higher Friday after trading sideways in consolidation mode Monday to Thursday. Gold rose 1.6% and silver surged 4% on Friday. 

For the week, gold rose $21.70 or 1.7% to $1,396.30/oz and silver rose $0.92 or 3.45% to $23.98/oz.

Platinum was 1% higher to $1,541/oz for the week, while palladium fell 1.6% to $750/oz.

 


Published in Gold  Gold Price  History  London Gold Fixing Company 


LBMA Data: Beyond The Smoke And Mirrors

Today’s AM fix was USD 1,285.75, EUR 972.34 and GBP 847.84 per ounce. 

Yesterday’s AM fix was USD 1,323.75, EUR 999.20 and GBP 870.29 per ounce. 

Gold fell $12.50 or 0.94% yesterday and closed at $1,310.30/oz. Silver also followed suit and dropped $0.16 or 0.81% and closed at $19.66. 

Gold rose in early Asian trading, then fell back to lose some of its early gains on the back of better than expected economic data. U.S. manufacturers reported best figures since June 2011. Silver finished the day with a gain of 0.81%.


Published in Gold  Gold 


As The Crisis Deepens, Gold Flows East - Epilogue

Today’s AM fix was USD 1,323.75, EUR 999.20 and GBP 870.29 per ounce.  

Yesterday’s AM fix was USD 1,331.50, EUR 1,002.79 and GBP 875.35 per ounce.

Gold fell $3.50 or 0.26% yesterday and closed at $1,322.80/oz. Silver gained $0.10 or 0.51% and closed at $19.72. 


Published in Gold  Gold 


As The Crisis Deepens, Gold Flows East - Epilogue

Today’s AM fix was USD 1,323.75, EUR 999.20 and GBP 870.29 per ounce.  

Yesterday’s AM fix was USD 1,331.50, EUR 1,002.79 and GBP 875.35 per ounce.

Gold fell $3.50 or 0.26% yesterday and closed at $1,322.80/oz. Silver gained $0.10 or 0.51% and closed at $19.72. 


Published in Gold 


As The Crisis Deepens, Gold Flows East - Part 1 (of 3)

Today’s AM fix was USD 1,330.75, EUR 1001.24 and GBP 864.79 per ounce.  Friday’s AM fix was USD 1,327.75, EUR 998.76 and GBP 861.73 per ounce.

Gold rose $1.50 or 0.11% on Friday and closed at $1,333.00/oz. Silver fell $0.17 or 0.84% and closed at $20.03. Gold and silver both gained last week 2.98% and 2.77% respectively. 


Published in Gold  Gold 


The London Bullion Market Association

The LBMA, or London Bullion Market Association, offers "over-the-counter" (OTC) wholesale trading of gold and silver bullion between members.

The LBMA operates the worlds largest OTC gold market, trading an average of $13.9 billion worth of bullion (equivalent to 18.3 million ounces, or 52,875 Good Delivery bars) each day. Because of its importance to the global bullion trade, the LBMA oversees spot dealing in gold and silver for most of the world.


Published in Gold  Gold 


The London Bullion Market Association

The LBMA, or London Bullion Market Association, offers "over-the-counter" (OTC) wholesale trading of gold and silver bullion between members.

The LBMA operates the worlds largest OTC gold market, trading an average of $13.9 billion worth of bullion (equivalent to 18.3 million ounces, or 52,875 Good Delivery bars) each day. Because of its importance to the global bullion trade, the LBMA oversees spot dealing in gold and silver for most of the world.


Published in Commentary  Gold  Gold  silver 


Physical Gold (Via Mat, Perth Mint, Possession) and Paper Gold (Futures, Pool / Some Unallocated Accounts etc)

Our Market Update on Friday led to queries regarding the nature of "paper gold". 

The important difference between actual physical gold and paper gold is something we have addressed frequently since 2003.


Published in Commentary  Gold  Gold  silver 


Physical Gold (Via Mat, Perth Mint, Possession) and Paper Gold (Futures, Pool / Some Unallocated Accounts etc)

Our Market Update on Friday led to queries regarding the nature of "paper gold". 

The important difference between actual physical gold and paper gold is something we have addressed frequently since 2003.


Published in Economics  Gold  Gold 


Gold Demands Trend (Q1 2012) - Enter The Dragon

The World Gold Council has released the Q1 2012 Gold Demands Trend report.

Gold demand grew 16% over the past 12 months to 1,098 tonnes which had a value of just $59.7bn spent on gold in the entire world in Q1 2012.

While global demand was down 5% from the record high of Q4 2011, it was significantly higher than demand in Q1 2011 suggesting that demand may be consolidating at these higher levels.

Investment Demand


Published in Economics  Gold  Gold 


Gold Demands Trend (Q1 2012) - Enter The Dragon

The World Gold Council has released the Q1 2012 Gold Demands Trend report.

Gold demand grew 16% over the past 12 months to 1,098 tonnes which had a value of just $59.7bn spent on gold in the entire world in Q1 2012.

While global demand was down 5% from the record high of Q4 2011, it was significantly higher than demand in Q1 2011 suggesting that demand may be consolidating at these higher levels.

Investment Demand


Published in Gold  Video 


'GOLD BULLION OR CASH VIDEO LAUNCHED TODAY' - SHOWS WHY GOLD IS SAFER THAN CASH IN THE LONG TERM

'Gold Bullion Or Cash' has been launched today. It is an interesting and informative video made to educate people about gold bullion and why gold is safer than cash in the long term. 

'Gold Bullion Or Cash' is a well produced, high quality, educational short video about paper money and gold. 


Published in Commentary  Commentary  Gold  Gold 


Reuters Interview with Mark O’Byrne, Director of GoldCore

Reuters interviews Mark O'Byrne of GoldCore about the outlook for investor demand for gold, and the best way to own gold today.

You can read the interview here.


Published in Commentary  Commentary  Gold  Gold 


Reuters Interview with Mark O’Byrne, Director of GoldCore

Reuters interviews Mark O'Byrne of GoldCore about the outlook for investor demand for gold, and the best way to own gold today.

You can read the interview here.


Published in Economics  Gold 


Dr. Constantin Gurdgiev: If you’re looking for bubbles, don’t look at gold coins

Dr. Dr Constantin Gurdgiev, Head of Research with St Columbanus AG, member of the investment committee of GoldCore and the adjunct lecturer in finance in Trinity College, Dublin.

Of all asset classes in today’s markets, gold is unique. And for a number of reasons.*


Published in Gold  Video 


Gold: Independent Money

Contributing editor to Money Week, Dominic Frisby, has just released an excellent video - ‘Gold: Independent Money’.

A picture paints a thousand words and a video hundreds of thousands of words and this is a very informative video about our modern monetary system, fiat currencies and gold. It shows how fiat money has led to wars, massive debt, social inequality, economic bubbles, rampant consumerism, and environmental destruction.