LBMA VAULTED GOLD IN LONDON

A case study of physical gold stored in London Vaults in LBMA 400 troy ounce gold bars has been undertaken by Ronan Manly, Koos Jansen, Bron Suchecki and Nick Laird.

Nick Laird has just completed a great article replete with many interesting and important charts which further illuminate the size of the “London Float” which is the working supply of gold available to meet the gold markets daily needs and huge international demand for gold today – especially from Germany, India and China.

The size of the “London Float” is examined and brought “out of the shadows and into the light of day”.

Jesse’s Cafe Americain via Sharelynx – please click image to expand

Laird concludes that there is an increasing shortage of physical gold bullion in LBMA vaults and on the COMEX due to the continuing flows of gold east to “satisfy the current rampant Asian demand”.

The full article and excellent charts can be accessed here.

DAILY PRICES

Today’s Gold Prices: USD 1134.45, EUR 1012.31 and GBP 742.73 per ounce.
Yesterday’s Gold Prices: USD 1124.60, EUR 1010.97 and GBP 734.77 per ounce.
(LBMA AM)

Gold in Australian Dollars – 3 Months (Reuters Eikon)

Gold rose 0.4% or $4.70 to $1,130.10 per ounce yesterday while silver fell 2 cents to $14.79 per ounce. Gold also eked out further gains in euros, pounds and most major currencies. Gold in Australian dollars has been particularly strong.

In Singapore, gold bullion ticked a little higher and maintained those gains in London, hovering just above the $1,135 per ounce level. Silver prices are another 0.3% higher to $14.94 today, while platinum is 1% higher

Palladium surged another 6% yesterday and is 0.3% down today. The move appeared to be a short squeeze and may be the precursor for the long awaited short squeeze higher in gold and silver.

We have Gold Dust, Alluvial Gold Bars, Rough Diamonds & Metal scraps for sell at very cheap price.

Gold Buyers, sellers, agents and brokers are highly welcomed to contact us for more information.

Email: sales@greengoldminingltd.com   OR  diamondsandgoldmetals@gmail.com

Website: www.greengoldminingltd.com

SKYPE: gold.diamonds.metals

Phone: +233 268 603 581

Twitter: @greengoldmining

Russians Buy Gold Bars – 1 Million Ounces In August Alone

Russia’s gold reserves rose to 42.4 million troy ounces as of September 1 compared with 41.4 million troy ounces a month earlier, the Russian central bank announced on Friday.

The monthly accumulation of 1 million ounces in just one month was one of the more sizeable monthly purchases by China and equates to 31.1 metric tonnes in August alone.

The value of the bank’s holdings rose to $47.68 billion from $44.96 billion a month earlier, Russia said in a statement on its website.

The amount bought was more than the 30.5 metric tons that Russia purchased in March, then the highest amount in six months.

Russia is now the seventh biggest holder of gold reserves after the U.S, Germany, the IMF, Italy and France and the rising gold power China. Russia has more than tripled its reserves since 2005 and holds the most gold bars since at least 1993, International Monetary Fund data shows.

Nations globally have been increasing their gold holdings in recent years, a reversal from two decades of selling. China, Kazakhstan, Ukraine and Belarus are among other nations that have been accumulating gold.

Gold remains a large part of many central banks’ reserves, decades after they stopped using it to back paper and the electronic currency of today.

Russia has been steadily buying bullion since 2007 and the advent of the global financial crisis. Russia was accumulating gold even prior to tensions with the West and international sanctions over the Ukrainian conflict.

Gold has protected the Russian reserves and acted as a hedge as gold priced in rubles has surged over 60 percent in the last 12 months. The plunge in oil prices contributed to sharp falls in the ruble.

Russia added about 13 tons in July and 24 tons the month before that. As tensions escalate with the U.S., the UK and the EU, Russia appears to be intensifying efforts to diversify out of their large dollar holdings and into physical gold.

DAILY PRICES

Today’s Gold Prices: USD 1136.85, EUR 1007.27 and GBP 732.86 per ounce.
Friday’s Gold Prices: USD 1136.00, EUR 992.31 and GBP 726.25 per ounce.
(LBMA AM)

Gold had a 3 percent weekly gain and silver had a 3.5% weekly gain. Gold ended with a gain of 0.73% on Friday while silver rose to as high as $15.43 before ending with a gain of 0.26%.

Gold in USD – 5 Days

In Singapore, gold dipped lower initially prior to recouping losses. In European trade gold is flat, hovering just below the $1,140 per ounce level. Silver bullion is 0.1% higher to $15.30 today. Platinum and palladium are mixed but essentially flat today.

 We have Gold Dust, Alluvial Gold Bars, Rough Diamonds & Metal scraps for sell at very cheap price.

Gold Buyers, sellers, agents and brokers are highly welcomed to contact us for more information.

Email: sales@greengoldminingltd.com   OR  diamondsandgoldmetals@gmail.com

Website: www.greengoldminingltd.com

SKYPE: gold.diamonds.metals

Phone: +233 268 603 581

Twitter: @greengoldmining

Real Gold Dust & Gold Dore Bars for Urgent sale

Green Gold Mining Ltd. is a small scale mining company in Ghana with operating license in Liberia.  We have gold dust, gold dore bars and rough diamonds for sale at very cheap rates.  We are also seeking joint venture partners to develop our gold rich mining area which is more than 450 acres. Agent and brokers are welcomed and protected.  Please contact us for more information... Email: sales@greengoldminingltd.com OR diamondsandgoldmetals@gmail.com Website: www.greengoldminingltd.com SKYPE: gold.diamonds.metals Phone: +233 268 603 581 Twitter: @greengoldmining

Alluvial Deposits

Gem Diamonds are often located via extracting diamondiferous gravel and earth in alluvial diamond deposits. With expedient and efficient mining processes being implemented at the ground level, accuracy in locating diamond deposits is key to a successful return on investment. As a reference point, alluvial diamonds is the term used to describe diamonds that have been removed from the primary source (Kimberlite) by natural erosive action over millions of years, and eventually deposited in a new environment such as a river bed, an ocean floor or a shoreline.Given the geological profile of Africa, most of the alluvial diamonds mined globally are secured within the grounds of the African continent. 

 

According to statistics and current extrapolations, over 60% of the world’s most precious gem-quality natural diamonds are sourced in the  African continent.  The GIA Jewelers education manual refers to this as  the African Diamond Treasure Trove.  Pertaining to these factors, African nations must gain benefit from such endowment of precious natural resources. Minerals marketing firms must be aware of the responsibility, esteem, and ethics prerequisites associated with the modern lawful mining and extraction of precious natural resources.  Moreover, the state of Africa is well endowed with the human and intelligence resources to gain benefit.
Diamonds are still found in the ancient mining grounds of Mauritania and Algeria, although less common than the untouched forest grounds of Angola, Namibia, Zimbabwe and Congo.

 We have Gold Dust, Alluvial Gold Bars, Rough Diamonds & Metal scraps for sell at very cheap price.

Buyers, sellers, agents and mandates are highly welcomed to contact us for more information.

Email: sales@greengoldminingltd.com   OR  diamondsandgoldmetals@gmail.com

Website: www.greengoldminingltd.com

SKYPE: gold.diamonds.metals

Phone: +233 268 603 581

Twitter: @greengoldmining

Understanding The Gold Market

The gold market is one of the most popular safe-haven commodity markets in the world. Investors who are reluctant to put money into the volatile currency market, or the fragile equities market, often turn to gold because it is a commodity that will always be in demand. Since it is a physical item, it will be valuable even if there is a global economic collapse.

When you invest in gold, typically you are investing in either gold coins or gold bars. Krugerrands are one of the more popular types of gold coin – they are the second most popular coin in the US, and in Europe they enjoy greater popularity than the US Gold Eagle. In fact, a higher number of Krugerrands have been made throughout recent history than any of the other modern gold coins.

A Krugerrand is made of 91.67% gold, with the remainder being copper. In theory, there are four sizes of Krugerrand: 1oz, Half-ounce, Quarter-ounce and tenth-ounce, however the fractional-ounce ones are rarely available and not as sought after as the full 1 ounce coin.

There have been around 42 million Krugerrands minted since the coins were released to the market in 1967, with the majority of them having been minted in the 70s and 80s, when inflation fears were driving more and more investors towards gold.

When the US Congress lifted the import ban on the coins in 1994, there was a massive influx of Krugerrands to the USA, however the coins did not manage to take over the market, since US Gold Eagles were already established as being the default and most popular coin for US investors. This means that US Gold Eagle prices remain higher, and the coins remain slightly more sought-after in the US. In Europe and the rest of the world however the Krugerrand is more popular.

Krugerrands are the second most popular way of trading gold in the USA, and they have the most active secondary market – there are usually thousands of the coins changing hands every day, making them even more popular than gold bars.

 Gold bullion bars come in many weights from 1gram all the way up to 1,000gram bars.  These bullion bars are more ideally suited to pure investors into the commodity who have no interest in the various coins for collectability, but are in the market more so for hedge and speculation purposes.

The Gold Bar

The Gold Bar

As speculation vehicles, gold bullion bars are picking up in ubiquity principally on the grounds that gold bars convey much lower premiums than gold bullion coins convey. Case in point, premiums on kilo gold bars can be as much as €40 every ounce lower than the premium on gold coins.

Genuinely, gold bars are an energising approach to put resources into gold. Hauling extensive gold bars very nearly causes an adrenalin surge. Constantly, individuals holding vast gold bars interestingly asked, “By what means can something so little be so heavy?” A gigantic measure of riches can be put away and covered in gold bullion bars.

While only a few years ago, just 10 ounce and 1 ounce gold bars were only accessible, currently a kilo-gold bar is regularly purchased by larger speculators. That is on account of kilo-gold bars being less demanding to store than the one ounce gold bars. In the same space it occupies when storing a quarter century ounce gold bars, six Royal Canadian-Mint kilo-gold bars (about 192.90 ounces) could easily be stored.

As a rule, small gold bars convey larger mark-ups over spot. Then again, normally the premiums on 100-gram gold bars are not exactly the premiums on the 10 ounce gold bar. The essential motivation to purchase gold bars rather than the prominentgold bullion coins is that gold bullion bars offer at smaller markups over spot than some of the well-known gold bullion coins.

100-gram, kilo, 10-oz and One-ounce gold bars, are qualified to be placed in IRAs (Individual Retirement Accounts) that acknowledge physical gold and silver items. To take in more about setting up a self-coordinated IRA that acknowledges gold and silver items, one should research ‘Putting Gold and Silver in IRAs’.

Speculators looking for low premium gold bars should consider the 100-gram gold bars, which convey premiums just marginally higher than kilo gold bars. Purchasing 100-gram bars gives speculators more adaptability when it comes to time to offer or sell.

Gold As An Investments

Gold has always been a prized precious metal, however, the history of gold investment is not long. It can be traced back to the late part of the 19th century, when many countries in Europe adopted the gold standard.

Gold standard simply refers to a system whereby the value of a country’s currency is based on the quantity of gold held in its reserves. Within this system, the dollar was directly linked to gold. But the system started to be abandoned in 1971, with the US suspending the direct conversion of the dollar to gold.

The Swiss Franc was the last currency to divorce itself from gold, with the gold standard suspended there as recently as 2000.

Since 1919, the price of gold was led by the London gold fixing scale, which was really just a telephone meeting of bullion trading companies in the London bullion market.   Fixing its price and divorcing it from currencies combined to make gold a commodity, not a form of money, and it was only a matter of time before investors cashed in on the highs and lows of gold’s changing price.

You can buy gold in bullion form, or buy it indirectly as a futures contract investment (‘Paper gold’).   But gold is not an investment per se, it is a cushion, or hedge, investment that will protect your portfolio from the volatility of other investments, like the stock market. Because it has intrinsic value and because of its industrial use along with the demand for gold jewelry, the prices of gold are relatively stable – and it’s impossible to see how this precious metal would ever have zero value, unlike stocks that go worthless when a company files for bankruptcy.   Historically, whenever the stock market crashes, gold prices experience an upward rush.

As crashes tend to be cyclical it seems obvious that the value of gold will always be relevant.

Green Gold Mining Ltd: Print gold bars at home!

The world is not standing still, and new technologies appear every day. The innovation from the Dutch scientists has amazed the world!

What is this technology and how it is connected with gold bars? Read in the article! 

New technologies appear every day. One of the latest popular trends is 3D-printing, which allows printing different kinds of objects.

The scientists from Twente, the Netherlands, developed a new technology of 3D printing based on direct laser induced transfer.

According to the “Popular Mechanics” magazine, the method is based on spraying a thin layer of gold to a transparent underlay with the laser ray focused on these.

The laser affects gold in such a way that it spreads to the underlay in the way of microscopic drops. The diameter and intensity of a laser ray can be controlled, as well as its direction. Also, the printer’s software allows controlling the laser’s work.

Owing to this laser technology, first results were achieved, which is printing 2 milimeters high gold pyramids. Also, scientists succeeded in “drawing” a microscopic copper painting.

Researchers say that gold and copper allow to print any kinds of three-dimensional objects, even having difficult geometrical shapes.

This suggests the possible beginning of the new era of producing gold bars.

The Green Gold Online Gold Shop provides its clients with the investment gold bars of the highest quality for them to have sustainable economy.

How to Buy Gold

Over the years gold has continued to be a good investment option for many people. Many mutual funds and investment firms have invested heavily in gold in one way or another. There are some that deal directly with the gold and investing in it, while others deal indirectly in gold by investing in mining companies.

The returns on gold can be great if you know how it works and having a strategy that works. There are many strategies out there that you can follow, but they must not compromise what your core investment strategy is.

Once you know what to do, then you will see your investments grow. Knowing how to buy gold is important. There are many different ways to buy gold. Make sure you chose one that is safe and trusted. There are a number of cases where people have bought fake gold (online) and ended up incurring large losses.

Buying from a trusted source makes it easy when you want to sell it on later. If you don’t want to trade actively, then it’s best to own physical gold bullion. This is usually much easier and the costs are lower compared to other alternatives like ETFs.

Going for a well-established dealer will enable you to get your investment at a good price, and you will have the knowledge that your gold is legitimate. The dealer you choose to buy from may depend on the volume you want to buy. If you want a kilo gold bar, you will invest more, meaning you have to be more cautious when buying. Always go for a well established dealer and one with a good reputation. The next step after buying the gold is the storage. Storing your gold in a storage facility affiliated with a bank or other financial institutions might not be the best option because there are many horror stories around. Ask your dealer to recommend some options, and then carry out your own research. An independent safe deposit box facility / depository is the best option.

Buying Gold V Shares… Which Is The Wiser Option For Investors?

The prolonged debate in the world of investing over gold v shares will never end. Varying opinions are offered on a regular basis with people aimlessly switching sides and losing money along the way. To ensure such a mistake is not made, it is important to understand the intricacies of such assets.

Let’s take a dip into this heated debate. Gold v shares which is the wiser option for investors?

Gold Protects ‘Purchasing Power’. Purchasing power is key and gold protects it on the investor’s behalf.

But what does this mean? The value of the asset is not going to depreciate in a way where one will not be able to get a return of some sort on what is in their portfolio.

Shares Are Volatile. The economy has a greater role to play with shares and they can often be extremely volatile. There is a lot of ‘guesswork’ involved with investing into shares. This risk might not be worth it for most people and that is why gold is often found to be more reasonable as an investment choice.

The likes of Warren Buffet have often said Gold is a ‘sterile’ place to invest in because it is not going to pose a massive risk to your portfolio. Most people would think that is the whole point in investing!

It might not grow as fast as you would like it to, but it will grow.   The smart and/or educated answer would be to consider diversification. Gold and shares should both be an integral part of anyone’s portfolio. Those who choose one or the other will have to sift through this piece again to decide which pros or cons fit their needs.

In essence, gold is the wiser option as it is usually going to trend upwards on most occasions, if one was to choose a singular option.   To put it simply, Gold v shares which wiser option is for investors? For security the answer is gold, for greater/quicker possible gains it would be shares.

The Gold Market and Spot Cost

The spot cost of gold is the most well known standard used to gauge the going rate for a single troy ounce of gold. The cost is driven by theory in the business sectors, coin values, current occasions and numerous different components including the stability of world economic markets.

Gold spot cost is utilised as the premise for most bullion merchants to focus the precise cost to charge for a particular coin or bar. These costs are computed in troy ounces and change each couple of seconds during business hours.

We have Gold, Rough Diamonds & Metal scraps for sell at very cheap price.

Buyers, sellers, agents and mandates are highly welcomed to contact us for more information.

Email: sales@greengoldminingltd.com   OR  diamondsandgoldmetals@gmail.com

Website: www.greengoldminingltd.com

SKYPE: gold.diamonds.metals

Phone: +233 268 603 581

Twitter: @greengoldmining

Superman Coins: A Coin Collector’s Dream

A standout amongst the most looked for after gold mint pieces in the historical background of coin collectors and contributing is the Superman Gold Coins.

This wonderful gold coin was issued in 2014 with collaboration of Warn Bros and minted by the royal Canadian mint. To celebrate 75th anniversary of Superman sets of seven mesmerizing coins has been created by RCM. In 1939, two exception people Canadian Joe Shuster and American Jerry Siegel created a comic (Man of Steel) which left an ineradicable mark on comic history. As the years progressed, he has spared the world from outsiders, creatures, Kryptonian officers and power starving people, and the famous superhero has been spoken to in animation series, films, music and stock everywhere throughout the world. These coins combine amazing .999 fine gold and silver with excellent top-notch shades to respect the comic book legend. Honour the universally adored kryptonian legend with these to a great degree low mintage and very looked for after coins, accessible for a restricted time from Provident Metals!

These coin accompanies a custom envelope with a comic book portrayal and pop-up components and is bundled with an extensive measured Canadian Superman stamp including the same unique Superman Symbol.

The Superman series set is an unquestionable requirement to have for each comic book fan!

In spite of the fact that the Man of Steel has changed throughout the years, he has stayed devoted and genuine, sparing the world in its darkest hours. Conveyed to you by the Royal Canadian Mint and DC Comics, Superman Silver Coins pays tribute to Clark Kent’s 75-year part as an easygoing writer for the Daily Planet, and as Superman, the saint of humanity.

The mind boggling laser-made lenticular Superman Gold and Silver Coinsincludes pictures: a cutting edge emphasis of the superhero taking off over Metropolis, compared with a unique 1938-time outline, highlighting Superman’s guardianship over his cherished city. As legitimate delicate in Canada, the front-side of every coin includes a representation of Queen Elizabeth, alongside the words ELIZABETH II and D G REGINA.

These coin is embodied cupronickel and measures in different sizes in various countries. They all comes with custom boxes, alongside a Canadian Superman stamp highlighting the same 1938 outline. The organizer incorporates a comic book portrayal and pop-up elements.

Convey the Man of Tomorrow rational with a unique version Superman: Then and Now coin. Request yours from Provident Metals today.

Hello we have Gold, Rough Diamonds & Metal scraps for sell at very cheap price.

Since the early 70s world currencies are no longer back by gold. The argument since has been, does gold still have value?

The answer is YES.

Gold will always have value :

• Gold cannot be easily duplicated
• Gold is a storage of wealth
• Gold is your personal financial sovereignty
• Gold is real money. Paper currency is NOT true money
• Gold is not TAXABLE

Since the creation of the U.S. Federal Reserve in 1913, the purchasing power of the dollar has gone down every year since. Gold will always fluctuate in price but it is always maintain its lustre of a true value.

Caution: If you choose to buy gold pooled fund, two things to look for :

1. Buy allocated funds (The gold is physically held in a chartered bank)
2. Do NOT purchase unallocated funds (There is no gold, a false promise)

To conclude, if you can, buy gold little by little. The smallest amount is 1 gram. Save and hide it somewhere for safe keeping. You won’t regret it.

N.B. Heaven forbid there is a war, economic crisis, you go bankrupt. What do you think will be the money of choice?

Buying Gold

Since the early 70s world currencies are no longer back by gold. The argument since has been, does gold still have value?

The answer is YES.

Gold will always have value :

• Gold cannot be easily duplicated
• Gold is a storage of wealth
• Gold is your personal financial sovereignty
• Gold is real money. Paper currency is NOT true money
• Gold is not TAXABLE

Since the creation of the U.S. Federal Reserve in 1913, the purchasing power of the dollar has gone down every year since. Gold will always fluctuate in price but it is always maintain its lustre of a true value.

Caution: If you choose to buy gold pooled fund, two things to look for :

1. Buy allocated funds (The gold is physically held in a chartered bank)
2. Do NOT purchase unallocated funds (There is no gold, a false promise)

To conclude, if you can, buy gold little by little. The smallest amount is 1 gram. Save and hide it somewhere for safe keeping. You won’t regret it.

N.B. Heaven forbid there is a war, economic crisis, you go bankrupt. What do you think will be the money of choice?