While its inclusion in the ASX top 20 and a buoyant gold price since December have supported the Newcrest share price over the past few months, soft production numbers in the first half-year to December 2019 will need to be offset by a boost to its gold reserves for the share price to move materially
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A quick update to let you know that GoldNews.com.au is now owned and operated by Online Invent Melbourne. The previous contributors to the site had run out of spare time to continue their work, as such we have decided to make the offer to take over the operations to ensure the site continues to produce
The Case For Gold In Switzerland
Switzerland is known for producing quality products, if its Swiss made then you expect it to be the best thing in the world. There is are Swiss watches, Swiss cheese, Swiss chocolate and Swiss gold. A lot of people don’t know that gold is the biggest export product in Switzerland but it has been since the 1970s.
Why Is Brexit Not Attracting More Gold Investors?
The Brexit crisis in the UK was expected to draw in more gold investors looking to hedge their wealth. So far, there seems to be a low appetite for gold amongst UK investors which goes against expectations.
The Most Epic Political Campaign Ever
Politicians have like to promise that they will do things to make people’s lives better. They may throw in numbers and promise bigger and better and more of something that the country lacks. People vote because they hope that the party or person they are voting for will live up to their word but they seldom do.
Why do countries hoard gold
Countries may have moved away from the gold standard but many central banks still hold significant reserves of this precious metal. Central banks are always looking to increase their gold and add millions worth of gold bullion to their reserves. If central banks are hoarding so much gold this begs the question why would banks hoard “non-yielding” asset instead of stocks and government bonds that generate regular interest and do not require a lot to store. It seems that gold is used by many countries as a security blanket and also as a way to show off their accumulated wealth.
Are We Ready For A Global Gold Deficit
The global demand for gold as a safe haven is growing but gold is increasingly being used in other industries like jewellery and electronics. Tons of gold bars and gold coins are bought every day but few people ever stop to think about how much more gold we can expect to get from this planet. Gold cannot be manufactured, it is a completely natural resource and as such it is limited. We have heard talk about peak gold production but we either aren’t fully aware of what this means or we are simply oblivious to what is going on.
Gold In 2019 And Beyond
Gold has come a long way in the investment world. It is loved by both ordinary people and global power brokers. It has been considered as a long term investment for those who want to build a strong financial future especially in these uncertain times. 2018 has been particularly eventful with gold showing growth when stocks and bonds faltered.
What the WGC thinks of gold in 2018
2018 is a good year for gold, That is what the World Gold Council (WGC) says. According to economic analysts, the S&P 500 struck an all-time highs but gold prevailed and finished stronger by 13.5%. This is the biggest annual gain since 2010. Gold outperformed a lot of other major assets.