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Indian Jewellery Demand A Highlight In Subdued Q3 Gold Market – World Gold Council

Topics [ buy silver buy gold ]


Demand for gold dropped by 2 percent in the three months ending September 30 to 929.3 tonnes compared with the third quarter in 2013, the World Gold Council has reported.

The highlight for gold was a resurgent appetite for jewellery in India, which saw a 60 percent year on year increase in Q3 to 183 tonnes. India once again took over as the world's biggest gold consumer, buying 225.1 tonnes of gold jewellery, coins and bars last quarter, compared to 182.7 tonnes in China, a plunge of 37 percent.

“This quarter the market continued to find its feet after an exceptional 2013, with China catching its breath and buying in the build up to Diwali driving Indian jewellery purchases,” Marcus Grubb, Managing Director of Investment Strategy at the World Gold Council said.

In the investment sector, world demand for bars and coins was down 21 percent to 246 tonnes. The WGC said third quarter demand for bars and coins was very close to the 10-year quarterly average of 240.6 tonnes, adding that before the financial crisis of 2008, the European bar and coin market was virtually non-existent.

Full details of the latest WGC findings can be found in Gold Demand Trends Third Quarter 2014 [pdf 1.16 mb]

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Infographic - 2014 Trends and Beyond

Topics [ buy gold bullion online buy gold ]


The Gold Series of five infographics concludes by identifying four major gold trends it suggests investors should be watching:

Source: Visual Capitalist.

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Monthly Sales – April 2014

Topics [ buy silver buy gold ]

Total ounces of gold and silver sold by The Perth Mint in April 2014 as coins and minted bars.

 - Gold (Au): 23,461

 - Silver (Ag): 361,988

- Please note that April 2014 gold sales has been revised to 22,270oz and that this will be reflected in subsequent graphs published on this blog

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Hot Money Is Distorting The Precious Metals Markets - Bron Suchecki

Topics [ depository gold bull market sell gold gold bear market buy gold ]


Why is the gold price weaker? It’s mostly big money speculators, hedge funds and people in it to make a quick buck, according to Bron Suchecki, The Perth Mint’s Manager, Analysis and Strategy. They’re playing the trends and if they think the trends are against them, they all start piling out, he says.

Making his latest media appearance on the Financial Survival Network, Bron reports that while Perth Mint Depository had not seen much buying recently, there had been no radical selling from existing customers either, which is a positive sign for everyone with a strong commitment to gold.

And on a personal note, Bron says he is unfazed by the dip in the gold price, but suggests if you are feeling stressed about volatility, then maybe you have too much allocation to gold in your investment portfolio?

Listen in full to Bron in discussion with Kerry Lutz now.

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New Volume Discounts Make Buying Bullion Cheaper

Topics [ gold coins bullion coins silver coins buy silver buy gold ]


Significant savings can be made on Australian gold and silver bullion coins from The Perth Mint thanks to the introduction of lower thresholds for volume price breaks.

For example, silver investors previously needed to buy 100 or more 1oz coins to receive a saving of $1.50 per coin. Under the new, lower thresholds, they can now take advantage of the same saving on an order of just 20 coins.

Even more remarkable, the saving of $3.50 per coin that previously began on orders for 500, now applies to purchases of only 100 or more 1oz coins.

The new volume thresholds mean similar savings also apply on 1kg, 10oz, 5oz, 2oz and 1/2oz coins, making it more affordable than ever to stack silver in any of these popular sizes.

There’s equally exciting news for investors purchasing 1oz, 1/2oz, 1/4oz, 1/10oz and 1/20oz gold bullion coins.

Incremental savings now apply on volumes of 5, 20 and 50. As an example, buyers of 1oz gold bullion coins will save around $17 per coin when buying just 20 or more.

Comprehensive details about the price per coin under our new volume pricing structure are available on individual product pages at www.perthmintbullion.com.

The Perth Mint has boxes, trays and 20-coins rolls for customers taking advantage of volume discounts.

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What’s So Important About Gold?

Topics [ gold bull market invest in gold buy gold ]


At this stage of the gold bull market, it is important to get your rationale for buying gold right, says John Stepek.

Gold is no longer a contrarian bet.

It features regularly in the money sections of newspapers. There are ‘we buy your gold’ shops everywhere. And more and more funds and financial services companies are setting up to cash in on the boom.

It’s not a bubble either. It’s still held in contempt by the economic ‘elite’. Apart from the odd dissenting voice buried in the back pages, you’ll rarely find a pro-gold story in the FT or The Economist, for example.

But gold’s appeal has certainly been rediscovered by the wider investing public. And it’s little wonder why. Because those ever-so-clever central bankers screwed up badly.

The Best Way to Think of Gold

I find that the best way to think of gold is as a currency.

Gold has been used as money throughout history. That’s because it’s well suited to being money.

It’s durable – you don’t have to worry about it rotting or rusting, so you can hold on to it if you don’t want to spend it right away.

It’s fungible – one bit of gold of a given quantity is just like another. And it’s portable, within reason.

Indeed, gold had an official role in the monetary system right up until 1971, when Richard Nixon severed the link between gold and the US dollar.

What’s special about gold is that it’s a currency that no one can print. You have to dig it out of the ground. It also can’t go bust. History is littered with paper currencies that are literally worthless. Gold’s value has never fallen to zero.

So at a time when central banks are printing money like mad, with no clear idea of what impact it might have, it makes sense that demand for gold increases. Because, to put it simply, the amount of paper money in the world is going up a lot faster than the amount of ‘real money’ – gold.

That’s the case for owning it, and I think it’s a sensible one. But how much of it should you own?

Gold as Insurance

I like gold. But after 11 years of constant increases, I believe we’re nearer to the end of the gold bull market than to the start. This is the stage where more and more people are going to start piling in for the wrong reason. They’ll buy gold because it’s going up, not because it’s a sensible investment.

That means that this is also the stage where – even though there are likely higher peaks ahead of us – some people are going to start getting badly burnt in the inevitable panic sell-offs.

So it’s important to get your rationale for buying gold right. It’s not 2001 anymore. You can’t just buy it and sit on it, safe in the knowledge that chances are, it will never ever be that cheap again, and that you’ll always be able to sell at a profit.

And if you’re hoping to ‘ride the bubble’ when it comes, put that thought out of your head right now. That way, financial disaster lies. Timing a bull or bear market is painful. No one can know when the final peak or trough will come.

So what do you do?

Well, another way to think of gold is as an insurance policy. You don’t put your entire portfolio in gold. It’s something that you hold to insure the rest of your portfolio against financial disaster.

The possibility of such a disaster seems quite high just now, which is why the insurance policy (gold) is more expensive than it once was.

So we’d suggest that you invest 5-10% of your portfolio in some form of physical gold (gold stocks are separate – they’re driven by more than just the gold price, and they’re certainly not insurance).

And when you check your portfolio every six months or so, you rebalance accordingly – if gold’s share of your portfolio is creeping higher, sell some and invest in something else. If it’s dipping, then top it up.

That way, you’ll profit from the inevitable ‘bubble’ phase. But you won’t be left over-exposed when prices go down, as they one day will.

And when the gold bull-run is over, you’ll be pleased. Because when the gold price re-enters a bear market, it’ll be because the wider economy is finally turning around. And you’ll be able to buy cheap insurance again for the next crisis.

(Re-posted from MoneyMorning Australia)

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