GoldCore News

Gold Investments Market Update – Geopolitical Risk Rising Sharply

Gold Gold finished trading in New York yesterday at $810.30, down 50 cents and silver was down 10 cents to $13.03. Gold and silver then rallied in Asian trading and early European trading. Gold is trading at $821.30/821.70 per ounce (1045 GMT). Gold is finding favour again with the dollar having weakened again (as low as 1.4829 to the euro) and oil prices rising (London Brent Spot has surged 3.45% to over $113).

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Gold Investments Market Update – Investment Demand Surging Internationally as Stagflation Deepens

Gold Gold finished trading in New York yesterday at $810.80, up $10.30 and silver was down 8 cents to $13.11. Both gold and silver remained firm in Asian trading but have given up some of the gains in early European trading. Gold is trading at $807.30/807.70 per ounce (1045 GMT). Gold, rebounding from oversold levels, rose for the second time yesterday and there was an outside day reversal to the upside which is technically bullish (the market made a new low during the trading session, but closed higher than the previous day's high).

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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"][/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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Gold Investments Market Update – Gold “Bubble” Burst?

Gold Gold finished trading in New York yesterday at $800.50, up $14.50 and silver was up 33 cents to $13.19. Both gold and silver have again fallen in European trading. Gold is trading at $786.00/786.40 per ounce (1030 GMT). Gold rebounded from very oversold levels yesterday but market weakness has resumed overnight in Asia and early in London as the dollar has continued to rally (reaching a 6 month high at 1.4631 to the euro).

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I.O.U.S.A

Few are aware that America may be on the brink of a financial meltdown. I.O.U.S.A. explores the country's shocking current fiscal condition and ways to avoid a national economic disaster.

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Gold Investments Market Update – Gold’s Vicious Recent Sell Off Continues

Gold Both gold and silver gave back the previous day's gains yesterday on the COMEX. Gold finished trading in New York on Friday at $808.30, down $17.20 and silver was down 58 cents to $14.23.

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Financial advisers switching to fee-based remuneration

Research by Skandia has revealed that the majority of IFAs intend to shift away from commission-based remuneration over the next three years.

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Gold Investments Market Update – Gold Fell Sharply in Dollars but not in Euro and Pounds

Gold Gold finished trading in New York on Friday at $825.50, up $15.80 and silver was up 37 cents to $14.81. Gold continued to rise in Asian and early European trading and is trading at $831.80/832.40 per ounce (1200 GMT). The much anticipated bounce in gold occurred yesterday and continued overnight as the dollar weakened and oil prices firmed again. Since the start of the credit crisis, one year ago, gold remains up 27% (from $650 to $830).

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Bear bet that netted £141m throws fresh suspicion on collapse

It seems that Wall St. are trying to blame the straw for breaking the camel's back.

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Gold Investments Market Update – Speculative Paper Sellers V’s Long Term Physical Investors

Gold Gold finished trading in New York on Friday at $821.50, down $36.00 and silver was down 71 cents to $14.48. Gold continued to fall in Asian and early European trading and is trading at $809.00/809.60 per ounce (1100 GMT). Speculative Paper Sellers V’s Long Term Physical Investors The breach of the psychologically and technically important $845 - 850/oz level yesterday saw a massive wave of stop loss sell orders being executed leading to gold plummeting more than 4%.

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Gold Investments Market Update – Dollar to Weaken Again Against Swiss Franc, Some Asian Currencies and Gold

Gold Gold finished trading in New York on Friday at $857.50, down $11.90 and silver was down 92 cents to $15.29. Gold has risen in Asian and early European trading and is trading at $860.10/860.60 per ounce (1230 GMT). The sharp dollar rally has continued (with the euro falling as low as 1.4927) and this is contributing to material weakness in the gold market.

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The scale of bank borrowings visualised

Anyone out there have a similar graph for the UK?

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Gold Investments Market Update – Dollar Rallies – Another Dead Cat Bounce?

Gold Gold finished trading in New York yesterday at $869.40, down $5.00 and silver was down 25 cents to $16.21.

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Deep Protracted Recession Coming but Important to Keep Things in Perspective

Irish writer, Joe O’Connor has been appearing on RTE’s (Ireland’s national radio station – akin to the BBC) Drivetime in recent weeks with some witty, inspiring and uplifting poetry. His beautiful words perfectly illustrate how an economic recession or depression is not the ‘end of the world’ rather simply a period of slower or declining economic growth. While O’Connor’s poem is focused on

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Gold Investments Market Update – Gold Up 31% in First Year of Credit Crisis

Gold Gold finished trading in New York yesterday at $874.40, down $4.50 and silver was down 11 cents to $16.46. Gold has again recovered somewhat in Asian and early European trading and is trading at $883.00/883.40 per ounce (1058 GMT). The credit crisis continues as evidenced in the world's largest insurer, American International Group, reporting a quarterly loss of $5.36bn with profits wiped out by further mortgage related writedowns.

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Gold Investments Market Update – Federal Reserve Statement Warns of Stagflation

Gold Gold finished trading in New York yesterday at $878.90, down $20.50 and silver was down 56 cents to $16.57. Gold has recovered somewhat in Asian and early European trading and is trading at $885.20/885.70 per ounce (1200 GMT). With commodities and oil falling again yesterday, gold continued its recent poor performance. Gold suffered technical damage yesterday with a close below the 200 day moving average at $887/oz. A weekly close below $887/oz would be even more damaging.

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Gold Investments Market Update – Gold’s Traditional July/August Seasonal Low

Gold Gold finished trading in New York yesterday at $899.20, down $9.10 and silver was down 37 cents to $17.13. Gold continued to sell off in Asia and in early European trading. Gold has sold off on oil's steep falls and with sharp falls in many other commodity markets.

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Gold Investments Market Update – Greenspan’s Issues “Once in a Century Crisis” Warning

Gold Gold finished trading in New York yesterday at $913.70, up $10.70 and silver was up 37 cents to $17.72. Gold surged on the COMEX open after initial jobless claims rose sharply to their highest level in 5 years. Gold subsequently gradually sold off and the slow sell off continued in electronic trading and in Asian and early European trading. Gold's weakness is likely due to continuing weakness in oil and commodity markets with the Reuters-Jefferies CRB Index having experienced its largest monthly drop in 28 years.

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Gold Investments Market Update – Sir John Major and John Williams Say True Inflation at Some 10% in UK and US

Gold Gold finished trading in New York yesterday at $903.00, down $14.00 but silver was up 5 cents to $17.35. After sharp falls in early trading in the COMEX yesterday (some of which was due to large stop loss sell orders being triggered around the $900 mark) gold rose to close only down some 1.5% on the day. Silver in similar volatile trading surged from interday lows to close higher.

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Gold Investments Market Update – Never Catch a Falling Knife

Gold Gold finished trading in New York yesterday at $917.00, down $10.70 and silver was down 10 cents to $17.30. Gold rose slightly in Asian trading before falling.

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