Category: History

02
Aug
2013

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%.

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04
Jan
2011

GoldCore Launch ‘GoldNomics’ Video to Educate about Gold

GoldCore has just launched an interesting and informative video – ‘GoldNomics’ – in order to help further educate the public internationally about gold.

* ‘GoldNomics’ conveys gold’s historical and continuing importance

* Gold’s extreme rarity, liquidity & safe haven status explained

* Video uses music, images, facts and quotations to show how gold is a proven store of value throughout history and an important diversification today

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24
Sep
2009

Today is the 140 Year Anniversary of Black Friday 1869 and the Gold ‘Crash’

Today is the 140 Year Anniversary of the original Black Friday on September 24th, 1869. Since then the word ‘Black’ has been used to describe any day that the stock market, currencies or financial markets have crashed. There have been many, many such crashes but the one that birthed the term happened on this day 140 years ago.

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09
Dec
2008

Gold in Backwardation; talk of a run on the COMEX

It wouldn’t be suprising if you had never heard of backwardation. Though many commodities markets are frequently in backwardation, especially for seasonal or perishable/soft commodities, it has only happened twice in history in precious metals.

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12
Nov
2008

In 2004, GoldCore Clearly Warned about Property and Stock Bubbles, and the Importance of Diversifying into Gold

Since 2003, GoldCore (then called Gold Investments) has clearly warned of property and stock market bubbles internationally, the risks in sharp falls in these markets, and the importance of diversifying into gold.

This is our homepage from early 2004, when we warned about property and stock bubbles, and the importance of diversifying into gold – http://web.archive.org/web/20040324071856/http://www.gold.ie/

Our home page warned investors and savers as seen in this section:

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22
Oct
2008

The Big Picture: Gordon Brown’s Golden Legacy

Today’s Daily Mail has a rare picture of the Bank of England’s Gold Reserves

You are looking at the room most likely to weather the credit crunch, a vast vault filled with the final word in financial security: gold.

As stocks and shares tumble, house prices crash and previously unassailable institutions crumble into dust, the sight of several thousand 28lb bars of 24-carat gold stored in the Bank of England’s massive underground

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25
Sep
2008

‘Hitler’s Gold Grab’

This fascinating, frightening and compelling video details the plundering of Austrian, Czech, Polish and other national gold reserves and the theft of German and european citizen’s (especially the Jews) gold for the Reichsbank.

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Gold was moved to a secret potassium mine in Merkers in Thuringia in the very heart of Germany.

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20
Aug
2008

British Gold Sovereigns – The Preserve of Collectors, Savers and Smart Investors

Gold as Essential Diversification and Financial Insurance

Gold bullion remains an essential diversification and essential financial insurance to have in all properly diversified portfolios. Besides the ever more important factors of inflation hedging and financial insurance, gold is likely to continue to outperform other asset classes and to provide significant returns to gold buyers. Many of the world’s major investment banks are in agreement that gold is again in a long term multiyear bull market. Many believe gold will surpass its inflation adjusted 1980 high of $2,400/oz in the coming years. Citigroup’s former head of technical research and managing director of Yamada Technical Research Advisors LLC., Louise Yamada sees gold on its way to $3,000 within a decade. "Gold is the purest play against the dollar,” said Louise Yamada, Yamada is highly respected and was voted Wall Street’s best technical analyst from 2001 to 2004. Credit Agricole’s (France’s largest bank and the fourth largest bank in the world) brokerage, Cheuvreux see the possibility of a rise to $2,000/oz or higher.

How to Invest in Gold in Preparation for 2,000/oz Gold?

Gold and Silver Investments Limited agree and believe gold will surpass its inflation adjusted high of $2,400 per ounce in the next 5 years. This is why we continue to advocate investors continue to diversify and increase their gold holdings. So, how should one invest in gold? There are many different ways to invest in gold and one’s motivation for buying gold should dictate how one buys gold. Are you a speculator, investor or saver? Are you buying to make a capital gain or as a hedge against systemic risk and using your gold as financial insurance? Is your motivation a little of each? ETFs, mining funds, digital gold, Perth Mint certificates, gold bullion coins and bars in one’s possession and or semi numismatic gold coins are good ways to buy gold. Given the extent of current macroeconomic and systemic risk a diversified precious metals holding makes sense and it should not be a question of “either or” rather a combination of these various ways. Having eggs in various gold baskets so to speak is the most sensible and prudent strategy. As part of this mix, older gold coins should be looked at. Classic European and world gold coinage is an often overlooked but extremely important sector in today’s gold market. Pre 1933 and 19th Century European and world gold coins are an intelligent alternative to modern gold bullion coins or bars as there is often more room for appreciation with these beautiful old coins due to their rarity and yet they can often be bought at bullion prices. [caption id="" align="alignleft" width="150" caption="2006 Gold Proof Half-Sovereign depicting Saint George"]2006 Gold Proof Half-Sovereign depicting Saint George[/caption] Importantly from an investment point of view is the fact that gold bullion and older gold coins are not subject to VAT due to the EU Gold Directive. Even more important is the fact that unlike the other forms of gold investment outlined above, British gold sovereigns are also not subject to capital gains tax (CGT). Thus all post-1837 British gold sovereigns due to them being legal tender and having a legal tender face value are capital gains tax free, which is obviously a massive benefit to investors vis-à-vis other gold investments. The prices of these beautiful coins are only slightly more expensive than modern gold bullion but offer many advantages. Besides not having to pay CGT, other advantages include increasing scarcity, aesthetic value and historical significance. European and British gold coins are recognised as one of the most advantageous ways to invest in “bulk” gold, by sophisticated investors. European, American and world gold coins are bought by both collectors and investors at a small premium to the price of bullion coins. Perhaps the most popular semi numismatic gold coins internationally are British Sovereigns.

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