Need to do due diligence on company buying from. Avoid companies marketing gold plated coins as "pure gold" coins. Collectible coins do not capture the value of gold and are not safe havens
The gold and silver beach balls have been pushed near the bottom of the very small ‘precious metals pool.’ The lower they are pushed in the short term, the higher it will surge in the medium and long term.
We believe that 20% to 30% allocations to precious metals – gold as the core position, then silver and smaller allocations to platinum and palladium – are merited.
Russian Billionaire Takes 74% Loss On “Investment.” $85 Million Gauguin Bought By Dmitry Rybolovlev in 2008. China soon to dominates global art and gold market. Art price volumes doubled since 2009. Gold half it’s real price in 1980
Importance of hiding gold creatively and securely if taking delivery - owning a hidden safe that is bolted down. Owning gold in secure storage in Zurich, Singapore and Hong Kong
Cost of Best Picture winners show very significant devaluation of the dollar Average cost to make an Oscar winning film is over $43 million - in gold terms, this is over 106,000 ounces. In an error prone, irrational and volatile world, gold retains value over time ...
Oscars have been dipped in 24 karat gold since 1929. If the Oscars were made of solid gold they would weigh 330 ounces. Worth $408,210 at today's prices - nearly €400k & £330k - see charts.
Silver up 1.4% this week and now up 14.3% and is the best performing market YTD . Gold up 9% YTD - Euro contagion risk as Le Pen surges in polls and Hard Brexit looms
Frank Holmes joins Lawrie Williams, Koos Jansen and many others in questioning the "official" Chinese gold demand numbers. Real gold demand is likely much higher than the official numbers
Russian central bank buys a very large 1 million ounces or 37 metric tonnes of gold bullion. It also came after Russia had accelerated its gold buying in the final months of the Obama Presidency. October 2016 saw an increase of 1.3 million ounces or 48 metric tonnes and this was the largest addition of gold to the Russian monetary reserves since 1998. Indeed, it was the biggest monthly gold purchase in this millennium for the Russian central bank.
“I view gold as the primary global currency” said Greenspan. “Significant increases in inflation will ultimately increase the price of gold. Investment in gold now is insurance…”
