In recent years, the prediction of a specific price of gold has become a real sport – even values up to 5,000 dollars or even 10,000 per ounce were proclaimed. The fact is, price forecasts are crystal-ball gazing. Although trends can be derived, the price of gold is influenced by numerous factors. However, there are some well-founded calculations which give information on a fair price for gold. For example, the historic all-time high was at 850.00 US dollars per ounce in January 1980...
When considering gold investment, most investors probably think of the modern bullion coins from Australia, South Africa and Canada – but there is an exciting product group that is often forgotten in precious metals investment: The 100 euro gold coins from the Federal Republic of Germany are an interesting alternative for precious metal investors. The precious metals trader “MP Edelmetalle” provides in his blog with the UNESCO series a popular alternative to standard bullion...
Both countries are thousands of kilometers away from Australia, but the interest from afar in silver coins from “Down Under” is huge . The Perth Mint has announced in an interview that about 80 percent of coins and bars of the Perth Mint are sold to the Germany and the USA. Neil Vance, Group Manager Minted Products, according to a Bloomberg report has described especially Germany and the United States as the largest customers of the Australian Mint, , and noted significantly higher...
Maybe it will soon calm a controversial issue in the precious metals sector: The Federal Bank has informed that in the meantime the German gold reserves were completely brought home from the US with 300 tons of gold. With a final tranche amounting to 111 tons, the mammoth logistical operation was completed last year. From France a further 105 tons of gold were returned to Germany. Carl-Ludwig Thiele, member of the German Federal Bank announced that the “gold relocations” from New...
Online shopping has become self-evident for most people: it is convenient, allows quick price comparisons, and there is now almost nothing that is not available online. Gold and other precious metals can also be purchased online at the dealer – or auctioned in Internet auction houses. In the second variant, however, caution is advised, as the precious metal trader “MP Edelmetalle” explained in his blog.This is because more and more counterfeits of gold bars have been...
Turkish President Recep Tayyip Erdogan may be debatable, but at least in terms of gold the head of state has an opinion which will please dealers in this country: In a speech Erdogan called on his countrymen to convert their foreign exchange into gold. However, the surprising recommendation is not a covert campaign for gold traders, but has been assessed by the portal “Zero Hedge” to have a domestic political background: Foreign currencies should be exchanged in Turkish lira and...
Every year in the autumn, precious metal fans all over the world are looking eagerly to Australia, where the Perth Mint is presenting the motifs for its bullion coins of the following years already at the end of the current year. The Lunar coin, which is dedicated to the Rooster (Rooster) in the coming year, is traditionally breaking the first ground. And although the “Year of the Rooster” will only begin on January 28, 2017, the new motif is already fixed. As in previous years, a...