Record Hit in Chinese Gold Demand

Demand for gold and jewellery in China has hit a new record high, it has emerged today. A number of factors have contributed to the rise gold prices, the most significant of which being China boosting their investment in the commodity by 10pc in an initiative to circumvent inflation. Furthermore, it must also be noted that purchases of course increased significantly during the Chinese New Year, which will always see purchases made for the precious metal. £37.6bn has been spent globally on gold over the past year. Hedging against feared inflation can be a wise but tricky...

Gold Prices Rise: As Expected

So we were correct: gold is back on the rise. Up from the 4-1/2 month low, the upturn has been driven by the dollar growing in strength and unease in regards to Greece’s potential departure from the Euro, both of which encouraged buying from investors. While speculators insist it remains vulnerable to further drop, we say gold is on the rise. The figures At 2’Ocklock GMT, spot gold came off a low of £960.88 and up 0.3 percent at £974.76. This was following a sell off orientated around a broad-based financial market, which in turn occurred in response to concerns over...

Indians Buy Less Gold in 2012

Indians have managed to cause a blip in the gold market with their love of ceremonial gold and preference for the yellow metal as a savings security. It’s been reported in the Indian newspapers that gold dealers are buying less than their normal annual volume of gold. India, along with China, is one of the biggest gold markets in the world. Sales fall after Akshaya Tritiya festival The annual Akshaya Tritiya festival took place last week, and amidst the celebrations there were reports of less gold being bought to be given amongst family and friends as a...

Mastercard and Visa Face Possible Securi...

The two credit card giants are investigating a major security breach that is thought to have affected millions of credit cards. The company said to be hit by the attack is based in the US. A third party data security specialist is involved to oversee the investigation. According to the Wall Street Journal, the breached processor was Global Payments Inc., which deals in credit and debit cards for banks and merchants. Global Payments Inc is based in Atlanta and is not a widely known company. They are to be investigated by law firm Robbins Umeda LLP, for breaches of...

The Rise in Gold Prices

The price of gold has soared in recent years, so much so that people are selling their family heirlooms rather than buying jewellery as an investment. Nowadays gold is valued at over £1,000 per ounce, a sharp rise from the worth of gold back in 2004. Fifty per cent of the world’s gold may exist in jewellery form – hanging from someone’s neck or sitting in a little velvet box in their attic. The cost of gold can be tracked alongside other commodities the next time you buy currency online. In 2012, gold prices are predicted to steady with experts predicting that the...

How to Make Money from Market Fluctuatio...

Gold has historically acted as a hedge that protects your assets from the effect of inflation. In this contemporary period of uncertainty, more and more people are looking to make money from the gold markets in order to assure the success of their investments. 1. Plan ahead and follow price trends Trading successfully on the markets requires a certain amount of self-control. Most experts would recommend that you formulate a plan – or timeline – and stick to it. Trading without a plan is incredibly uncertain and you are likely to come away the poorer. Once you have a...

The Best Place to Buy Gold

Best Place to Buy Gold We’ve all heard the noise. From Johannesburg, to India and Dubai, a number of cities claim to be the world’s golden leaders. So where is the official best place to buy gold? Based on a number of metrics – quality, price and hospitality – here the matter shall be settled once and for all! By the way, a note concerning the word ‘gold’: this entails jewellery not coins or nuggets. Dubai is #One Dubai is simply the best place to buy gold. If it is the capital, than Gold Souk is the capital of the capital; the heart of the heart; motherland of...

Why Invest in Gold

If you want to make any long term investment or saving, gold is the basic asset. For centuries, investors have wanted to protect their funds in assets that propose safer stores of value during economic strains and sudden shift in investment behaviors during a period of financial turmoil. A powerful wealth protector, for today’s investor gold is one of the safest choices. Gold guards against excessive default risks. And that’s just one of the many convincing reasons that support the widespread renewal in gold as an economic resource. Portfolio diversification Many...