Call: 0123456789 | Email: info@example.com

Prices of Golds in market

Prices of Golds in market


Prices of Golds in market

As the price of gold bullion corrected in March, central banks around the world seized the opportunity to buy. The International Monetary Fund released a report that revealed that, in March of 2012, central banks not only took advantage of the lower prices in gold bullion to buy, but they were also buying in large quantities.

Mexico bought 16.8 tons in March, while Turkey added 11.5 tons and Kazakhstan picked up 4.3 tons. Russia has been fairly vocal about its gold bullion buying and remained true to form by purchasing 15.6 tons of the shiny metal last month. click here for related details.

In total, 57.9 tons of gold bullion was purchased by central banks around the world in March. To put some perspective on this number, in 2011, central banks bought just under 440 tons of gold bullion, as reported by the World Gold Council. This was close to a 50-year high in gold bullion purchases.

It is, of course, difficult to extrapolate from March’s numbers, but taking into account the first three months of the year, it is possible that, should this pace of gold bullion buying by the central banks around the world in 2012 continue, the total will reach 700 tons of gold bullion purchased, which would make 2012 a record year.

Of course, many of the G7 nations—U.S., U.K., Canada, France, Germany, Italy and Japan—are confused by these purchases. Their contention is that gold bullion is a commodity that actually does not have many uses outside of jewelry.

The nations outside the G7 have long histories and have lived through the financial crisis and/or have been passed down stories of the financial crisis from their ancestors. They understand that gold bullion has been used as money for 5,000 years. They believe that gold bullion is not a commodity, but a monetary unit. In times of crisis, money is debased by money printing, which results in citizens losing their purchasing power and eventually everything that they worked for. Gold bullion preserves purchasing power because it cannot be printed or manipulated.

Prices of Golds in market

They understand from the past that the money printing that is currently taking place is on a scale never witnessed before in history. Trillions upon trillions are being created by the U.S., Japan, the U.K., and the European Union. The contention is that there are no consequences to this money printing, but these central banks who reside in countries that have a long history beg to differ. They are speaking with their actions, not words.

The other peculiar thing to note is that, while the G7 central banks claim that gold bullion is not money—and Federal Reserve Chairman Ben Bernanke went further to deny that gold bullion was money when asked directly by Congressman Ron Paul—the G7 countries have not sold one ounce of gold bullion in the last five years.

The 17 nations of the European Union hold the largest amount of gold bullion in the world at just over 10,400 tons, while the central bank of the U.S. holds the second largest amount of gold bullion in the world at 8,133 tons.

If gold bullion is just a commodity, then why not sell it? I think investors, as the saying goes, should do as central banks do, not as they say.

The bull market in gold bullion, in my opinion, is alive and well and has a lot more to go on the upside, because of money printing, which has and will continue to destroy purchasing power, as it has done in the past.

I’m following what central banks are doing.

RSS Stock Market

  • Icnaf September 17, 2021
    Icnaf– Integrated Cannabis Company     Our alert is ICNAF!     This is a Canadian Marijuana Company that has been flying under the radar but not for long!   The Company just released a game-changing product called X-SPRAYS™    The Company’s X-SPRAYS™ product line consists of eight market ready orally ingested spray products that are highly […]
  • GTBP-Swing Trade September 17, 2021
    Take a look at this potential GTBP Swing Trade. GTBP has been bouncing from the $1.90 range to the $2.30 range several times. This has been a swing trader’s wet dream! Take a look at this chart In the green, I circled the different buying points and selling points. In less than 1 month there […]
  • Instructions to Pick Top Penny Stock September 17, 2021
    Instructions to Pick Top Penny Stock There are numerous ways that individuals exchange penny stocks, however 90% of the general population loses cash exchanging penny stocks or whatever other sort of stocks. The most widely recognized motivation behind why these individuals fizzled is on the grounds that they don’t take an ideal opportunity to figure […]
  • Disclosure September 17, 2021
    DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS WEBSITE. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. The contents of […]
  • How to Predict a Penny Stock Is Worth Watching? September 17, 2021
    How to Predict a Penny Stock Is Worth Watching? When it comes to stock market and equities, there is couple of more hazardous investments than penny stocks trading. The shares of penny stock, which exchange under $1, are normally estimated that low for a justifiable reason. For instance, a penny stock could have a place […]
  • Is Buying A Penny Stock a Good Strategy September 17, 2021
    Is Buying A Penny Stock a Good Strategy New penny stock investors frequently take a gander at a stock price and see the estimation of the organization—a stock evaluated at $100 appears as though it’s more costly than a stock valued at $10. All things considered, you can twofold your cash if the stock at […]
  • Instructions to Buy Penny Stocks While Avoiding Scammers and Enhancing Earnings Potential September 17, 2021
    Instructions to Buy Penny Stocks While Avoiding Scammers and Enhancing Earnings Potential Let’s be honest, who wouldn’t prefer to get in on a stock that exchanges for simple pennies yet after some time rises to stratospheric levels, bringing about increases of a huge number of dollars? That is the focal charm of penny stocks – […]
  • New Gold (NGD) September 17, 2021
    New Gold (NGD) New Gold (NGD) went up against a noteworthy extension venture by endorsing to assemble the Rainy River gold mine in Canada. This was a major wager, in light of the fact that if the gold price would have stayed at $1100/oz, the arrival on venture on the Rainy River task would have […]
  • Minco Gold Corporation (MGH) September 17, 2021
    Minco Gold Corporation (MGH) Since bottoming around $1050 in mid-December, the price of gold has surged as high as 20%, coming full circle in a week ago’s pinnacle of $1250. The valuable metal encountered a comparable spike this time a year ago, however continued its downtrend presently. Considering that amid the two-month keep running up, […]
  • Nevsun Resources (NYSE: NSU) September 17, 2021
    Nevsun Resources (NYSE: NSU) Nevsun Resources (NYSE: NSU) is a Canadian mining organization headquartered in Vancouver, Canada. In spite of the organization’s base area, the organization at present works solely in Eritrea, Africa. As of late, the organization has obtained Reservoir Minerals accessing the Timok Copper Project in Serbia. This gives the organization huge development […]