21 Jan – 22 Feb
$500 Contest
Fxprizes
The 1695-1698 area & up to 1703 is where
we need to watch.
Japan India Turkey And Iraq Impact The Gold Price
Precious metals prices rose on Tuesday, as the price to invest in Gold climbed to $1,694.20 an ounce, and the price to invest in Silver advanced to $32.19 an ounce, while Gold continues to be underpinned by news of the Bank of Japan's shift in monetary policy, and stock markets move further into oversold territory, triggering selling of equities as investors head for the safety of Gold bullion. "As S&P and stocks get into this overbought territory, the uncertainty is helping drive money back into precious metals as a safe haven," said Tom Power, of RJ O'Brien.
“Gold is nearing the $1,700 per troy ounce mark, finding support from the Bank of Japan, which is further loosening its monetary policy,” said Commerzbank. "News from India, on the other hand, has had virtually no impact on the price of Gold--with immediate effect, the Indian government raised duties on Gold and Platinum imports from 4 percent to 6 percent yesterday,” said the bank.
The Bombay Bullion Association, meantime, suggests the current hike in duties is so low it has very little impact on Gold imports. In Turkey, the central bank boosted its reserve option coefficients for Gold by 0.1 points, which will force banks holding a portion of their lira reserves in Gold bullion, to increase that amount proportionally, which will, in turn, boost the central bank's Gold reserves.
Meanwhile, the International Monetary Fund (IMF) reported recently that between August and October of 2012, Iraq quadrupled its Gold holdings to 31 tons, at a time when Gold prices are at an all-time high. Due to the instability of the exchange rate of the U.S. dollar, the value of Gold as a stable strategic reserve has grown substantially over the past few years.
Central banks have transitioned from being net sellers of Gold bullion for the previous fifty years, to being net buyers of the precious yellow metal since 2010. Protect your wealth and your retirement, during these times of economic and geopolitical uncertainty, invest in Gold and invest in Silver and protect your wealth in 2013.
INVATA SA TRANZACTIONEZI GRATIS PIPSI IN FOREX
21 Jan – 22 Feb
$500 Contest
Fxprizes
The 1695-1698 area & up to 1703 is where
we need to watch.
INVATA SA TRANZACTIONEZI GRATIS PIPSI IN FOREX
$500 Contest
Fxprizes
The 1695-1698 area & up to 1703 is where
we need to watch.
Japan India Turkey And Iraq Impact The Gold Price
Precious metals prices rose on Tuesday, as the price to invest in Gold climbed to $1,694.20 an ounce, and the price to invest in Silver advanced to $32.19 an ounce, while Gold continues to be underpinned by news of the Bank of Japan's shift in monetary policy, and stock markets move further into oversold territory, triggering selling of equities as investors head for the safety of Gold bullion. "As S&P and stocks get into this overbought territory, the uncertainty is helping drive money back into precious metals as a safe haven," said Tom Power, of RJ O'Brien.
“Gold is nearing the $1,700 per troy ounce mark, finding support from the Bank of Japan, which is further loosening its monetary policy,” said Commerzbank. "News from India, on the other hand, has had virtually no impact on the price of Gold--with immediate effect, the Indian government raised duties on Gold and Platinum imports from 4 percent to 6 percent yesterday,” said the bank.
The Bombay Bullion Association, meantime, suggests the current hike in duties is so low it has very little impact on Gold imports. In Turkey, the central bank boosted its reserve option coefficients for Gold by 0.1 points, which will force banks holding a portion of their lira reserves in Gold bullion, to increase that amount proportionally, which will, in turn, boost the central bank's Gold reserves.
Meanwhile, the International Monetary Fund (IMF) reported recently that between August and October of 2012, Iraq quadrupled its Gold holdings to 31 tons, at a time when Gold prices are at an all-time high. Due to the instability of the exchange rate of the U.S. dollar, the value of Gold as a stable strategic reserve has grown substantially over the past few years.
Central banks have transitioned from being net sellers of Gold bullion for the previous fifty years, to being net buyers of the precious yellow metal since 2010. Protect your wealth and your retirement, during these times of economic and geopolitical uncertainty, invest in Gold and invest in Silver and protect your wealth in 2013.
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.
No one knows tomorrow's price or circumstance.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
King Regards
