The last few weeks have been a roller coaster ride for gold. A breathtaking rally to new highs followed by a bone-crunching decline in double quick time. The volatility could spook an average investor. But as Colonel Hannibal Smith (Liam Neeson) often advocates in the Hollywood blockbuster The A-Team – “no matter how random things may appear, there is always a plan!” Nothing happens in financial markets without a reason, and the reason is always financial. The wild ride in gold is going as per plan. The plan is to shake off weak hands and accumulate gold on declines.
Gold Bars
How To Buy Gold Biscuits in India?
How To Buy gold biscuits in India? People own physical gold in the form of jewellery, gold biscuits, coins, and even bars. Nowadays, in addition to purchasing gold from your neighbourhood jeweller.
Analysts say Russia Doesn’t Need to Hold More Gold in Reserve
The central bank announced on Monday that it would stop buying gold starting April 1, but didn’t explain the move. Analysts say Russia already has a lotof gold stashed in reserves and likely doesn’t need more.
Not by Gold Alone: Top Marketable Metal Commodities for Investing
Gold Silver Reports (GSR) – Along with gold, these are primarily silver and platinum, followed by precious metals used in industrial processes such as iridium, frequently a part of specialty alloys, according to Investopedia, and palladium, frequently used in electronics and chemical processing.
Chinese Demand for Gold Bars Climbs by Half on Hunt for Havens
Gold Silver Reports — Demand for gold bars in China, the world’s biggest bullion market, soared by more than half in the first six months of the year as investors sought a haven from financial and geopolitical risks.