1
September
GoldCore Update: Precious Metals Challenge Resistance Levels as Physical Market Remains Tight
2 September 2010
Gold
Risk appetite increased yesterday as the first day of the new month saw equity buyers return and bond prices fall. Gold and silver prices fell marginally but remained near multi week highs and in gold's case very near the all time record high (nominally). European equity markets are a bit more tentative this morning and the pound and the dollar have come under selling pressure.
Markets await the ECB decision and US jobs data and any negative surprises could be the catalyst for gold reaching new record highs
4
August
Fetters of gold and paper
The world economy is experiencing tensions arising from inflexible exchange rates – particularly the dollar-renminbi peg and the Eurozone. Drawing on lessons from the gold standard, this column points out that an international monetary system is a system – nations’ policies have spillovers. Now, as in the 1930s, surplus nations’ refusals to increase spending force deficit countries to contract. Keynes drew this lesson from the Great Depression, which is why he wanted measures to deal with chronic surplus countries. Sixty-plus years later, we seem to have forgotten hi
24
May
Interview with Nick Leeson on Gordon Brown, GATA and Gold
Nick Leeson is a former derivatives broker and investment officer of Barings Bank. His unsupervised, unauthorised trading caused the collapse of the 233 year old Barings Bank, the United Kingdom's oldest investment bank, in 1995.The losses of $1.3 billion were considered massive at the time.
Nick Leeson has served his time and is contrite for his actions. GoldCore in no way condone his activities but believe that his losses serve as a reminder to the fragility of the still unreformed global financial system. Indeed, Leeson offers interesting insights into governments'
22
April
GoldCore Update: Gold Edges Higher in Major Currencies on Debt and Inflation Concerns
Gold
Gold went up to $1,145/oz for a gain of over $10 early in New York but it then fell back off ending with a gain of 0.34%. It has range traded from $1,140/oz to $1,146/oz in Asian and early European trading this morning. Gold is currently trading at $1,143/oz and in euro and GBP terms, gold is trading at €851/oz and £742/oz respectively.
The euro’s fall this morning has seen gold prices in euro remain firm and gold in dollars remain flat to slightly positive. The euro has weakened against all currencies and gold. The yen, British pou
22
February
Owning Australian Gold Kangaroo Bullion Coins
Introduction Gold has outperformed all other asset classes in recent years and especially since the start of the global financial and economic crisis. This trend looks likely to continue and investors are increasingly realizing that they need to diversify their portfolios with an allocation to gold bullion. So how does one go about making a safe investment in gold? There are numerous precious metal investment vehicles now available. These include futures and options contracts, government certificates, digital gold, exchange traded funds (ETFs), mutual fun
23
December
GoldCore Review of 2009 and Outlook for 2010
Review of 2009 and Outlook for 2010
Review of 2009 2009 has been a year of uncertainty for economies internationally. While there is reason for some festive cheer due to the recovery seen in the capital markets and in most asset classes, there is also reason for caution.
Loose fiscal and monetary policies, quantitative easing and money creation on a scale not seen in living memory characterized 2009. This has led to concerns that there is now a new liquidity and ‘cheap money’ driven bubble in various asset classes including equities, commodi
4
November
Guide to Investing in Gold
How to invest in gold?
In this ‘Guide to Investing in Gold’ we hope to inform and educate investors and savers about why one should invest in gold and how to invest in gold. We will look at gold’s performance in recent years, why real portfolio diversification is needed now more than ever and the safest and best ways of investing in gold.
Gold remains the ultimate safe haven asset, an important monetary asset an
3
November
Storing Bullion Internationally
INTRODUCTION
“Tis the part of the wise man to keep himself today for tomorrow, and not venture all his eggs in one basket.”
Many investors internationally will wish that they had paid attention to the wise old proverb used by Cervantes in Don Quixote in 1605.
The fundamental tenet of investment theory and of wealth growth and preservation is diversification. In layman's terms one should not have all the proverbial eggs in the one bask
1
November
Silver Set To Soar As It Did In The 1970s
Silver remains very undervalued on a historical basis (charts below) and is undervalued even against gold (chart below). While gold has begun to receive some interest from a small minority of retail investors, silver remains the preserve of relatively few contrarian investors and the media and financial press rarely, if ever, covers silver. And yet silver is quite likely in the intermediate stage of a bull market that will rival or surpass that of the 1970s.
Silver is currentl
31
October
The World's Most Precious Precious Metal
The Platinum Group Metal With Very Interesting Fundamentals
Introduction
While gold and it’s very attractive little sister silver have attracted the attention of some investors of late, there is a metal that is far, far rarer and has fundamentals that merit investment consideration. Some consider it the ultimate symbol of wealth&m
26
August
Seven Myths About Gold (Extract)
The most common arguments, myths, and points of criticism about gold There are numerous associations, points of criticism, and arguments in relation to gold, some of which are just plain wrong. On the following pages we want to address seven of the most commonly raised issues.
Myth # 1: Gold is (too) expensive One might as well say that it is not the price of gold that rises, but the value of the respective paper currency that falls. Gold preserves the purchase power and in fact even increases it gradually. Comparing how many real
10
July
The Diversification Benefits of Gold
You may have heard the old Wall Street Saying,” Put 10% of your money into Gold and hope it doesn't work". Well its seems to be true, our research team here at GoldCore have run some interesting numbers and have found that a simple portfolio mix of Gold and equities throws up some very solid numbers indeed. Have a look at our Research Report below for yourself.
3
July
Shifting wealth: Is the US dollar Empire falling?
If history is any guide, the Chinese renminbi will soon be due to overtake the US dollar, just as the dollar replaced the pound sterling last century. But will the renminbi be ready for reserve currency status? This column discusses the issues at hand and explains why some experts would prefer the IMF’s Special Drawing Rights as the next global reserve currency.
Just ahead of the G20 London Summit in April, Zhou Xiaochuan (China's central bank governor) proposed replacing the US dollar as the international reserve currency with a new global system controll
12
June
Important Books
Gold Trading Boot Camp
by Greg WeldonGregory Weldon, a veteran commodities speculator and expert on the subject, has mastered the gold-trading rules through more than two decades of hard-won experience. And now, in Gold Trading Boot Camp, he tells you everything you need to know when going to battle in today's volatile trading environment.
Throughout history, gold has been an exceptionally safe and effective storage vehicle for the preservation of wealth. During certain periods, however, when political instability consumes headlines and intensifies investors' anxie
12
June
Important Commentators
Greg Weldon
Founder of Weldon FinancialGreg Weldon is a macroeconomic, commodities and precious metals expert and author of 'Gold Trading Boot Camp.'
He is the founder of Weldon Financial which is recognized within the industry as one of the top macro-research firms in the world.
Greg began his successful career in the financial markets “in the middle of the mayhem”, in the Comex Gold and Silver Pits. He quickly discovered that a trader’s instincts are his most valuable resource, along with vigilant analysis of the fundamental data and a clear understand
12
June
Fundamentals
When investing in any asset class whether they be paper assets like bonds and equities or tangible assets like property and precious metals, an investor should do their own 'due diligence' or extensive study and research and have a basic understanding of both the fundamental and technical analysis of the investment.
Fundamental analysis is as its name suggests an analysis of the basic factors influencing the future price movement of an investment. Supply and demand factors are the key determinants along with other economic data such as total debt to GDP ratios, currency movements a
12
June
SIPPs
SIPPs are Self-Invested Personal Pensions which are new types of personal pension schemes recently introduced by the UK government. The SIPP itself is a pension 'wrapper' that holds investments until you retire and start to draw a pension income. SIPPs allow investment in a range of different asset classes including gold bullion.
SIPPs are designed for people who want to manage their own pension fund by investing in assets of their choice. SIPPs allows individuals who pay income tax in the UK to invest their SIPP in a range of asset classes, one of which is gold bullion.
T
12
June
Gold in a Pension
Residents in the UK can now invest in gold bullion in their pension funds. UK citizens can as of April 2006 invest in gold bullion through their Self-Invested Personal Pensions (SIPPs). US citizens could already do so in their Individual Retirement Accounts.
SIPPs are Self-Invested Personal Pensions which are new types of personal pension schemes recently introduced by the UK government. The SIPP itself is a pension 'wrapper' that holds investments until you retire and start to draw a pension income. SIPPs allow investment in a range of different asset classes including gold bullio
12
June
Are Your Precious Metals Held By A Third Party?
When having precious metals investments held by the selling dealer or another custody company, how can investors know their precious metals really exist and that they are, in fact, being securely stored for their benefit?
When buying precious metals, or any investment for that matter, most investors today take precautions to ensure they are dealing with a reputable seller, so they can be confident their transactions will be completed properly and delivery of the investment products they purchase will actually be made. These investors may ask for, and check the dealer's refer
12
June
Should I Store Securely or take Possession?
This depends on your motivation for buying precious metals. If you are simply investing in precious metals in order to diversify and in order to make a return then it is more cost effective to buy bullion and store it with a secure third party or own government certificates. If however your motivation is to own bullion in order to protect against macroeconomic and systemic risk and for financial insurance purposes rather than solely diversification and capital appreciation then you may elect to own and take delivery of your bullion.
If electing to store bullion with a third party ,
