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Posts Tagged ‘Gold Bullion Prices’

Gold Bullion IRA Plans Gaining Popularity as Government Shutdown Continues

Wednesday, October 9th, 2013

The first round of losses that drained over $3 trillion from American’s retirement accounts between 2005-2011 was not enough to convince some IRA holders to diversify their portfolios, and until recently it seemed to some that staying put was the smart move. Stocks, in general, have performed well, and inflation has not been shockingly obvious, at least if you go by our government’s inflation index (the one that doesn’t account for food and energy costs).

The government shutdown has changed all of that, however, as stock brokers are struggling to retain clients and investors are largely refusing to put their money into any type of long-term asset. Gold bullion prices have not changed much since the shutdown began, but the fact that the federal government – and the people we elected to manage our finances – has closed for business is more than enough for some investors to throw up their hands and say, “I’ve had enough!”

Many of these investors are opting to convert their assets into Gold Bullion IRA plans, for a couple of reasons. Gold bullion investments are extremely liquid, meaning they can be turned back into cash at any time. Gold bullion is one of the few IRA investments that you can actually put your hands on, provided you pay the taxes and, if you’re under the age of mandatory withdraws, the early withdraw penalty.

Gold bullion hasn’t exactly shone over the last few months, as it is down 5% in the last 30 days and about 25% year-over-year. Why, then are so many people who are close to retirement choosing to buy gold bullion when our economy is in such a fragile state? Because gold is not fragile. It is solid, it can (and has) withstand the test of time, governments and fiat currencies. While our elected officials fight over how much cash needs to be printed to get us through another couple of months, savvy investors are calculating how much cash they can do without.

Gold Bullion Prices Fall As Investors Sell Heavily

Tuesday, May 14th, 2013

Monday’s trading session saw something that has been the exception rather than the rule for the last few months – more investors were selling gold bullion than buying gold bullion. Yes, the gold spot price has been mostly falling or flat for the better part of the year, but how have gold bullion investments figured into the mix?

While investors have shed gold derivatives like pool accounts, exchange traded funds (ETFs) and gold futures contracts, savvy conservative investors have been stocking up on gold bullion bars and bullion coins like Canadian Maple Leafs and South African Krugerrands. The U.S. Mint has reported record sales figures all year, and the Royal Canadian Mint just announced that the numismatic division of its gold coin program was going to expand due to the increased demand. How, then, can gold bullion prices fall with so much demand for physical gold?

The answer lies in the volume of trading that is done via the physical gold bullion market as opposed to the derivatives market. Institutional investors, large banks and 401(k) managers rarely, if ever, invest in physical gold. It is too cumbersome and storage is too costly after vault and insurance charges. Instead, they purchase funds that represent gold.

The average household investor, on the other hand, prefers to keep the gold in his or her hands as a safety net in case our economy collapses. Bars and coins make American investors feel safe. Even though lots of bullion is being bought right now, the percentage of the gold market that is made up of gold bullion is small enough that outflows from derivatives markets overshadow any gains made because of physical buyers.  If this trend continues, gold could drop as low as $1200 before the institutions start to purchase again.

The Only Winner is Gold on Central Bank’s Balance Sheet

Wednesday, March 14th, 2012

So, Federal Reserve Chairman Ben Bernanke has again tacitly delayed a third round of Quantitative Easing. In an appearance before the Congressional Finance Committee, Bernanke simply didn’t mention it. Markets dived in response, but have since regained ground on very strong jobs data and an agreement in the Greek Parliament on debt.

This really brings up the issue, however, of what happens to the money supply when the government prints money. If you notice, looking at any historical price of gold will make you begin salivating, or exhibiting a similar desirous phenomenon. Look at the gold price three years, two years, one year ago and you’ll start wishing you had bought gold bullion then. Are you up 30 percent? That’s my favorite question for proponents of stocks.

The simple matter of fact is that central bank policy, which includes the programs of Quantitative Easing, is driving the gold price higher through the function of inflation. QE is inflation. Period. In the short term, it has very a important market effect of injecting credit, liquidity, and nominal value. This can make all the difference between a floating market and a severe downturn. Both are bad, but theoretically one is worse. In the sense that QE was intended to provide a short-term injection of liquidity to markets and keep them from a serious downturn, they have been generally successful.

But the rapid increases in the price of gold tell another story. All that QE doesn’t go away. After the effects of the short-term capital wear off, you still have astronomical amounts of dollars in the markets. The more dollars there are in existence, the more dollars it takes to purchase real goods. The most definitive real good we have is gold. The price of gold has skyrocketed with the QE.

Up until 2007, the Federal Reserve held approximately $700 billion of treasury notes on its books. By March 2009, it held over $1.75 trillion of bank debt, treasury notes, and mortgage-backed securities. In March of 2007 the price of gold clocked in at about $650 an ounce. In March of 2009, gold bullion was just under $1,000 an ounce. Today, the price of gold is hovering just under $1,700.

Are you seeing a pattern here?

This would be why the Fed has been buying gold at forty-year highs. Until the Fed begins unwinding QE with definitive moves instead of tacit delays, the price of gold will continue to reflect the effects of monetary stimulus and gold bullion will continue to be the best investment we can make.

Return To Currency Sustained By Gold Bullion…Superb!!!

Tuesday, February 28th, 2012

It really isn’t that surprising that it would be China to be the most influential country on its way to returning to a currency backed by gold bullion. I mean, they have surpassed us in many other areas, too…education, exports, etc. I doubt that the fact that they are worried about the value of their dollar reserves affects the United States in any way, but it should. Nobody wants dollars! They are the real asset that does not gain anything.

Since 1978 (commencement of China’s Reform Era), the Chinese have been exporting more goods than importing which has permitted the country to hoard trillions of dollars. They have so much that it is equal to our complete monetary base totaled before the latest financial predicament. The Chinese have their own way of doing things and whether we agree or not, nobody cares. The process by which they have accumulated so many dollars is that when a Chinese business makes money by selling their goods across the seas, it is stipulated by their government that they give the earnings to the country’s central bank which is the People’s Bank of China (PBOC). They, in turn, receive the Yuan at a fixed rate.

The two countries didn’t trade much at the beginning, for example, in 1980, China’s foreign currency reserves were roughly $2.5 billion. And, now, the amount of foreign currency reserves that are stored by the Chinese government is a whopping $3.2 trillion, translating into a gain of 127,900%.

It is the State Administration of Foreign Exchange (SAFE) in China that manages those foreign reserves. They are currently in an all out currency feud with the United States. Their purpose, for the moment, is to produce a novel leading world currency and remove the US dollar from its current reserve position. But they have a very big obstacle confronting them which is how to rid themselves of all the dollars they have. So they are purchasing US government securities and, because of this, have now accrued an enormous heap of US government debt. Indeed, about two-thirds of China’s reserves continue to be invested in US Treasury bills, notes, and bonds with the next largest block in the euro. And because of the Fed’s near to zero rates, all this money is essentially earning nothing in terms of interest rates.

In reality, the Chinese are now in a jam with all their US dollars. They are very aware that if they begin selling their US government bonds, it would push their value much lower. Then they experimented with the US stock market and their result was less than worthy with the great amounts of US equities they purchased just before the market commenced its downward spiral at the end of 2007. Morgan Stanley and Blackstone Group were firms in which the Chinese went into at about 10% and they have lost 70% and 46%, respectively. The US stock market is no longer appealing to the Chinese. Inflation is now their only worry and SAFE has made it clear that they will never be a speculator again while their only function from now on will be to guard the security of China’s foreign exchange reserves and guarantee a steady investment profit.

Now that they are not buying stocks and their only apprehension is inflation, how will they hedge that risk? Their answer is to dive into the gold market and take over. And with this action they are on their way to accruing massive amounts of gold that in the near future, they will have enough to re-establish the convertibility of their currency into a precious metal. They were on a silver standard in the early 1900s.

Things were different back then. They weren’t as respected as they are now. They are presently growing at an accelerated speed and are also in possession of the biggest cash reserves in the world. So it only corresponds that they will also have a currency sustained by the safest and most secure asset, gold. China would very much like to be one of the world’s most transcendent nations along with having the greatest currency as their own.

Today’s central banks rely on the printing press which is why China stands out amongst them because their way of achieving greatness will be by backing its currency with something much better than forsaken pledges. The Chinese know the power of gold bullion…do you?

And Now The Government Also Wants Greater Gold Bullion Prices

Saturday, February 4th, 2012

The title of this article is almost illogical when thinking about why the government would want higher gold bullion prices within a sector that has an inverse relationship with their precious fiat currency. Notwithstanding the fact that since 2001, gold prices have risen steadily, this rise has been in a step by step nature at levels which make the rest of the commodities and equities appear unstable. The channels here have been bullion banks of choices in the paper futures markets as well as governments’ central banks, in conjunction with their respective Treasury bureaucracies. Their goal has been to confine the unstoppable ascension in precious metals prices as much as possible to maintain gold which is the only real money from alluring inconvenient attention to their own deteriorating fiat currencies and uncontrolled sovereign debt.

Why is it that all of a sudden central banks have turned into net buyers of gold bullion subsequent to so many years of being net sellers? Just think, in 2011 the purchase of gold by central banks was 430 tonnes of gold which translates into five times more than in 2010 and the highest in 48 years! It has been the emerging markets which account for most of this new claim for gold such as Mexico, Russia, Turkey, South Korea, India, and China. After contemplating the afore-mentioned facts, think about this: Is it that the current fiat money is really losing its value or that governments have finally realized what we knew as imminent?

What about governments devaluing their currencies against those of other countries? Somebody does not want to admit the truth (for political reasons), but they each want to make their goods and services more aggressive in markets throughout the world. And let’s remember the commitment that the government has with its citizens for pensions and health care as well as payments for past debt to bond holders. How will they meet these demands? With nominal devalued dollars, euros, yen, and pounds?

The term ‘financial regression’ comes to mind which is a dependable public policy system outlined to take care of the enormous debt following WWII. It functions merely by maintaining existing interest rates inferior to the real rate of inflation. If it is carried out effectively, it permits for the undetectable and inevitable devaluation of the currency. Enforced with accuracy and craftiness by governments and their central banks, it works quite effectively over a relatively short period of time. It renders governments the ability to pay for their promises and obligations with relentlessly devaluing money. It is slyly referred to as asset inflation and the population might believe they are accumulating wealth as the nominal price of their investment assets enhance. In reality, it is a method of taxation and confiscation with the power to be indiscernible to commoners. This is able to persist using occult methodologies similar to seasonal adjustments, headliners, core inflation numbers, hedonic adjustments, and substitution. These are all promoters of this trickery.

We all know that the US dollar is in the process of relinquishing its particular status as the means of pricing and paying for the goods and services traded world-wide. This is occurring daily with special bilateral planning between trading partners which use something other than the US dollar for political and financial grounds.

A truth around the world is that national governments desire their currencies to devalue versus those of other nations chiefly to defend their competitiveness in international markets. Similarly, they would like cheap currencies to make good on their responsibilities to their own citizens for pension and health care commitments. By reducing the value of the currency, paying off bond debts becomes much easier since the currency nowadays is worth less than when the debt was initially obtained.

The same goes for higher gold prices which has the effect of devaluing national paper currencies in relative terms. The show here is specifically constructed for politicians and governments so they can have someone to use as a scapegoat, rather than assuming accountability and conscientiousness for their own squandering financial performance and judgments.

The commanding position will be held by the nations which have amassed gold. Their large foreign exchange holdings made up of gold situate them in a predominantly beneficial spot. Why do you think that most emerging countries are relentlessly purchasing gold while it remains accessible and of average price? It all boils sown to governments really wanting the price of gold bullion to rise so they can benefit…at the right time.

Gold bullion prices

Thursday, February 18th, 2010

Gold bullion prices escalated dramatically on Tuesday morning as the dollar index suffered its first major blow of the year against the euro. While a large percentage of economists felt that gold bullion prices would drop until the end of February, the latest surge in gold prices is strong evidence that profit-taking has subsided for the moment.

As of 4:45pm EST on Tuesday, gold had climbed $18.50 to a per-ounce price of $1119. MarketWatch reported that this drastic change was largely due to dollar devaluation, and other news outlets reported that markets profited from new bullish projections on gold coming forth from the analyst teams at Bank of America Merrill Lynch as well as Suisse America. Gold is looking to stabilize for the first quarter between $1150-$1175 per ounce, and experts and technical traders believe that gold’s all-time high of $1226 (which was reached for the first time in December 2009) could be surpassed before summer is over.

The news isn’t all sunny, however, because the Dow and Nasdaq indexes’ early gains were soon replaced by substantial losses for the day. Additionally, the latest housing market news shows that more consumers are walking away from underwater mortgages and this is increasing the number of “ghost neighborhoods,” squatters, and crime. Continued trouble in the real estate market is expected for 2010 and 2011, and the government’s attempts at reviving this slumbering market have largely been unsuccessful thus far.

The lack of parity between our markets is why so many have diversified into gold bullion and other forms of precious metal investments, and you can always track gold bullion prices and trends directly at

Gold Bullion Prices

Tuesday, December 22nd, 2009

Short-term bullion investors characteristically benefit from receding gold bullion prices, because they realize that our economy hasn’t recovered, nor will it recover without a major, long-term overhaul. There has been no shortage of headlines or stories that are proclaiming “economic recovery”, but the New Year has a funny way of holding a mirror to economic reality. The holidays will come and go, and with them will all of the warm wishes and holiday greetings, and our economy dear readers, will remain in some deep, hot, steamy soup. Dollar values have managed to climb into the high 70s on the Index, but this isn’t such a phenomenon when you consider the recent Dubai bailout, which is interpreted by many as yet another frail, soluble finger, in a desperately leaky financial dyke.

Gold bullion prices are currently hovering just above $1102 per troy ounce levels, and trend savvy precious metals investors are purchasing items like 22-karat, modern American Eagles, or 24-karat American Buffalos, or Canadian Maple Leafs. The value of bullion and rare coins historically moves in the opposite direction of dollar values, so many bullion investors are now also considering using today’s receded bullion prices to diversify more costly, long-term investments in rare coins like Double Eagles. $20 Lady Liberty, and $20 Saint Gaudens, 22-karat, rare gold coins are also known as Double Eagles, and these coins are proven to protect wealth throughout recessions like the one we’re presently encountering. Investors are encouraged to complete their research, and then to contact one of our friendly specialists, who offer institutional discounts on American Eagle bullion, and Double Eagle rare coin, to household investors like you.

Danny Burns

Gold Bullion Prices

Friday, November 20th, 2009

Gold bullion prices are taking a beneficial profit-taking breather today, as the spot price retreated back to $1131.50 an ounce, and was hovering at $1133.30 as of 12:00 noon, EST. Yesterday’s newest all time record high of $1153.90 will most likely hold for one more day, as gold investors continue to collect short-term profits, as well as diversify their gold holdings to maximize the current gold investment trend.

Minimal research will show that gold prices generally rise during painful, long-term economic cycles of readjustment, and that gold bullion prices are advantageous for short-term investors. They purchase bullion bars and/or coins, whose prices hover just above the current gold spot price, which is the cost of one troy ounce of pure gold. They normally hold their bullion for periods of fourteen months or less before selling after a spike in the gold spot price, and then wait for gold prices to retreat before repeating the process. Gold bullion prices are more affordable for bars due to their simplicity, and reputable brand names for one-ounce and/or ten-ounce, 24-karat bullion bars are Engelhard, Johnson Matthey, PAMP Suisse, and Credit Suisse.

Bullion coins are only a bit more costly than bullion bars, but provide infinitely more aesthetic enjoyment. Bullion coins like 22-karat American Eagles are ideal vehicles for short-term gains, or superb diversifications for far more costly rare coins like Double Eagles, which are $20 Lady Liberty, and $20 Saint Gaudens, 22-karat gold coins. Modern American Eagles are also the only 22-karat bullion coin that is U.S. government approved for precious metal IRA storage. Acceptable 24-karat bullion coins include American Buffalos, Chinese Pandas, Austrian Philharmonics, Canadian Maple Leafs, and Australian Kangaroos, Koalas, and Lunar coins. Investors can avoid paying eye-gouging retail prices for their bullion and rare coin by contacting one of our friendly specialists, who offer institutional discounts to household investors like you.

Danny Burns

Gold Bullion Prices

Monday, August 24th, 2009

Although gold bullion prices are traditionally more affordable than rare coin’s, investors can buy bullion coins that appreciate over time, due to their limited minting. Gold bullion prices usually hover a little bit above the current spot price, which is the cost of one Troy ounce of pure gold. Bullion possesses no numismatic value, which generally appreciates over time, which is why bullion is significantly more affordable than rare coins, which do possess numismatic value. Because of bullion’s relative affordability, it has historically been used for potential, short-term profit ventures. Today’s household investors can also use bullion bars and coins for long-term financial security, as U.S. government-approved bullion is permitted for gold-backed IRA storage. Bullion bars carry the lowest gold bullion prices, and reputable brand names for bullion include Engelhard, Johnson Matthey, Credit Suisse, and PAMP Suisse, for purity.

Gold bullion prices are a bit more costly for coins, because of their greater intricacy. The lowest bullion coin prices belong to South African Krugerrands, but Krugerrands aren’t permitted as precious metal IRA contributions. More investors purchase 22-Karat, American Eagle bullion coins, than any other coin in the world. These beautiful bullion coins contain an added alloy of copper and silver for greater durability, and like all bullion coins, they are also offered in smaller denominations for greater affordability. American Eagles get their obverse design from the legendary, $20 Saint Gaudens rare coin, minted from 1907 to 1933. They are also offered in proof, and “Ultra-High” proof form, which make supreme candidates for physical possession. Investors are encouraged to contact one of our friendly specialists, who offer expert consultation on gold bullion prices, as well as institutional discounts on bullion bars and coins.

Danny Burns

Gold Bullion Prices

Friday, May 15th, 2009

It is widely known that gold bullion prices tend to hover slightly above the spot price of gold, which is the cost of one Troy ounce of pure gold. Gold bullion has been referred to as “gold in bulk form”, as bullion’s value lies in its’ purity, not its’ designs, or rarity. The simplicity of gold bullion prices was initially quite appealing to novice investors, who had converted the remains of their decimated stocks and bonds investments into precious metals. Now that these investors are considering diversifying some (or all) of their bullion into investments like silver bullion, or rare coin, gold bullion prices are still relevant, as investors may want to sell some of their bullion, or buy a different type of bullion, altogether.

A great many novice investors initially invested in gold, through purchases of ETFs, or Exchange Traded Funds. ETF’s are gold bullion shares that are purchased over the Internet. These types of purchases are viewed by many veteran investors to be speculative, as no physical gold ever reaches the actual hands of the investor. Physical possession has traditionally been recommended for at least part of a bullion investment, in the event of some unforeseen emergency, or a possible second run on our nation’s banks. ETF investors may want to consider converting some of, or all of their “electronic bullion” into physical metal, like bullion bars or coins. Reputable bar brands include Credit Suisse, or Johnson Matthey, while reputable bullion coins like Canadian Maple Leafs, or Chinese Pandas, are also very popular. Contact a reputable, large volume precious metal dealer, like the Certified Gold Exchange, for expert gold bullion prices consultation and competitive prices.

Danny Burns

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