‘Is all gold equal?’ is the topic of episode 4 of the Goldnomics podcast.
The tangible quality of gold bullion is one of the key factors which contributes to gold’s ability to act as a form of financial insurance for investments, savings and wealth throughout history and again in recent months and years.
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We believe investors and savers in the UK, the EU, the U.S. and other western nations will also need the safe haven that is physical gold in the coming months and years.
With this in mind our latest podcast looks at the various ways that investors can “get exposure” to gold, invest in gold and own gold. We investigate which forms of gold investment may actually be increasing the risks in your portfolio and which are the safest.
Stephen Flood, our CEO and Mark O’Byrne our Research Director and well known precious metals commentator discuss this important topic with Dave Russell.
Listen to the full episode or skip directly to one of the following discussion points:
0.46 What is meant by the expression – “Not all gold is equal”
1:31 The value of gold is derived from its tangible qualities
1:45 Factors to consider when buying gold futures
2:11 The many different ways available to investors to invest in gold
4:00 The importance of proximity to your gold when deciding how to invest
4:10 Can you actually take delivery of gold bars/coins?
4:48 The actual tangible form that the gold comes in a delivery
5:12 Drop a gold coin on a table and hear the sound of real money
6:27 Are Exchange Traded Funds (ETFs), a good way to invest in gold?
7:01 Unintended consequences and risks of investing in ETFs
7:29 Convenience of digital gold worth the risks for many investors?
8:02 Advantage of having gold physically stored in a specialised storage facility
8:43 Layers of indemnification when buying gold through ETFs
9:18 What you actually own when you own an ETF
11:09 By buying gold ETFs, you might be inviting some potential unwanted risks
11: 56 Is owning gold mining stocks a safe way to invest in gold?
11:42 The risk associated with owning a gold mining stocks
15:00 What is digital gold?
16:58 What are the digital gold providers actually selling?
18:28 The risks when your gold dealers are solely operating on the internet
19:05 What is Unallocated Gold?
19:38 What is Allocated Gold?
20:00 The challenges of trying to get your digital gold allocated
21:57 Where and how do you store your clients gold?
25:21 Benefit to the client of holding gold in allocated segregated accounts
25:31 Worst case scenarios and how you and your gold is protected
26:06 Risk of using digital gold providers compared to physically storing gold
26:24 Risks when you are entirely dependent on one digital gold provider
26:43 Risk of ‘closed loop’ trading and a single point at failure
27:06 Why you can’t take your digital gold from one company and sell it to another
27:50 Risk that hedge funds, vulture funds and banks may acquire digital providers
28:53 What’s at the other end of proximity continuum?
29:09 Which form gold should I invest in; coins or bars?
30:35 CGT benefits for UK residents when they invest in Sovereigns & Britannias
31:41 Why the premium should not be much of a concern for an investor
33:49 The other major benefit from investing in gold coins
34:27 How do you ensure the authenticity of gold coins & bars?
35:44 The process of actually investing your money in gold
36:30 Why you should not invest all of your money in gold
37:53 Why you should keep a portion of your invested gold geographically dispersed
39:13 What percentage of my portfolio should I invest in gold?
42:01 Gold serves not just as financial insurance but has also provided a better return than stocks & bonds over the long term
News and Commentary
Not All Gold is Equal – Goldnomics Ep 4 (You Tube)
Gold ticks higher on softer dollar; Fed meetings in focus (Economic Times)
North Korean, U.S. meet to narrow differences on eve of Trump-Kim summit (Reuters)
Gold futures mark highest finish about a week (Bloomberg)
€1bn of Irish pension cash in Italian bonds(Independent)
Not All Gold is Equal – Goldnomics Ep 4 (You Tube)
Brace for the World Economy’s Most Important Week of the Year (Bloomberg)
Swiss Reject Plan That Would Have Revolutionized Banking (Bloomberg)
GATA asks bank regulator to check risks of gold futures maneuver (GATA)
Money printing in the eurozone will soon be over – what happens then?(Moneyweek)
Listen on SoundCloud , Blubrry & iTunes. Watch on YouTube below
Gold Prices (LBMA AM)
08 Jun: USD 1,299.20, GBP 968.68 & EUR 1,103.93 per ounce
07 Jun: USD 1,298.30, GBP 963.86 & EUR 1,097.97 per ounce
06 Jun: USD 1,295.25, GBP 964.57 & EUR 1,101.48 per ounce
05 Jun: USD 1,292.25, GBP 966.73 & EUR 1,105.13 per ounce
04 Jun: USD 1,294.65, GBP 966.46 & EUR 1,103.82 per ounce
01 Jun: USD 1,299.15, GBP 976.83 & EUR 1,111.42 per ounce
31 May: USD 1,303.50, GBP 978.54 & EUR 1,113.58 per ounce
Silver Prices (LBMA)
08 Jun: USD 16.72, GBP 12.49 & EUR 14.25 per ounce
07 Jun: USD 16.74, GBP 12.44 & EUR 14.15 per ounce
06 Jun: USD 16.55, GBP 12.33 & EUR 14.06 per ounce
05 Jun: USD 16.39, GBP 12.26 & EUR 14.03 per ounce
04 Jun: USD 16.44, GBP 12.29 & EUR 14.03 per ounce
01 Jun: USD 16.42, GBP 12.32 & EUR 14.02 per ounce
31 May: USD 16.55, GBP 12.42 & EUR 14.17 per ounce
Recent Market Updates
– “Without Gold I Would Have Starved To Death” – ECB Governor
– Swiss Government Pension Fund To Buy Gold Bars Worth Some €600 Million
– Turkey Uses Gold Bullion To Stabilise Its Currency And Economy
– Case for Gold in a Diversified Investment Portfolio
– Get “Positioned In Gold” Now As “You Will Not Have Time To Get Positioned” Later
– Consequences of Ignoring Economic Reality Are Dangerous
– Are Gold And Silver Bullion Obsolete In The Crypto Age?
– In Gold we Trust: 3 Important Factors Leading to the “Turning of the Monetary Tides”
– Silver Trading in Tight $1 Range As Pressure Builds For A Breakout
– Gold Back Above $1300 – Trump Cancels Historic Summit – Silver “Ready To Breakout”
– Gold Price Surges To Record In Turkey and Other Emerging Markets as Currencies Collapse
– Gold Rarity and Value Shown In Stunning Gold Visualisations
– Gold Looks A Better Investment Than UK Property