Buying Gold | Even Iraq's Central Bank <b>Buying Gold</b> Now? [SPDR Gold Trust (ETF <b>...</b> | News2Gold |
| Even Iraq's Central Bank <b>Buying Gold</b> Now? [SPDR Gold Trust (ETF <b>...</b> Posted: 17 Apr 2014 12:09 PM PDT Home > Even Iraq's Central Bank Buying Gold Now?  Even Iraq's Central Bank Buying Gold Now?
According to the International Monetary Fund (IMF), in the month of March, Iraq's central bank added 36 tonnes of gold bullion to its reserves—worth about $1.5 billion. This is the first purchase by the central bank since August of 2012, when it bought 23.9 tonnes of gold. (Source: Reuters, March 25, 2014.)  Sure, you could say, "Michael, 36 tonnes of gold bullion is nothing for a central bank." I agree. But looking at the bigger picture, it is very significant for a small country like Iraq—a country whose annual gross domestic product (GDP) is smaller than Amazon.com's sales for 2013—to be getting into gold bullion in a big way. The official announcement from the central bank of Iraq sent the message that it bought the gold bullion to stabilize the country's currency and add insurance to their reserves. Since 2009, central banks around the global economy have become net buyers of gold bullion, and I don't think they will stop anytime soon. The main reason for this is that the central banks see a significant amount of volatility coming to the world of paper currencies—something they hold in their reserves. Too many major world currencies are in a downtrend. The U.S. dollar has been on a decline since the beginning of 2014. The Canadian dollar is hitting multiyear lows. The Japanese yen has been plummeting. Where do we go next with gold bullion? At present, the amount of negativity towards gold bullion is immense. Tags: 2X gold ETFs, 3X gold etfs, 4X gold etfs, best gold etfs, best gold stocks, buy gold, buy gold today, etf, etf news, etf's, gold, gold and silver etf list, gold and silver ETF's, Gold ETF Analysis, gold etf list, gold etf prices, Gold ETF's, gold forecast, gold futures, gold price, gold price forecast, gold price forecast 2014, gold price news, gold price news today, Gold price trends, gold price trends 2014, gold prices, gold prices 2014, gold prices today, gold projections, gold stocks, gold stocks 2014, Gold stocks to buy, gold stocks to buy now, gold stocks today, How to Buy Gold, inverse gold etfs, investing in gold, investing in gold 2014, INvesting in gold today, leveraged gold ETFs, list of gold etfs, low cost gold etfs, Michael Lombardi, NYSEArca:GLD, NYSEARCA:IAU, physical gold etf list, Popular gold etfs, precious metals, price of gold, short gold etfs, stocks to buy, stocks to buy 2014, Stocks to buy now, Top gold etfs Comments |
| News Room Magazine » Blog Archive » <b>Buy Gold</b> Bullion Products <b>...</b> Posted: 19 Apr 2014 05:49 AM PDT
Determine your Exact Reasons for Purchasing Gold Bullion Products There are two main reasons as to why people purchase gold. One is for collecting, two is for investing. Before you purchase products made from this precious metal, you first need to determine why you plan on doing so. Do you simply want to have a gold collection or are you interested in securing your financial future? The reason as to why you need to ask this is because not all gold bullion products are made for investing – they simply serve as collectibles. Yes, they still hold value, but they will not be able to perform well as investment vehicles. Factor in the Historical Performance of Gold Bullion You should also never forget to factor in the historical performance of gold over the past years. Again, collectible gold is different from those that can be included in investment portfolios, so you have to decide which one of the two is your reason for buying. In other words, before you buy gold bullion, you should also keep in mind how this precious metal performed in the past. You should also understand that the value of this precious metal is volatile over the short term, but can perform well in the long run. Take into Consideration Weight and Purity There are two very important factors that should be taken into consideration when you purchase gold bullion, especially in the form of bars.
Choose a Highly Trustworthy Company for your Gold Bullion Products Now that you know more about the most important things to remember when you buy gold bullion, the next step is for you to look for a highly trustworthy company that sells or deals products made from this very valuable metal. It is a must that you read reviews about these companies, as you do not want to be ripped off your hard-earned money. One website that will help you locate the best gold bullion dealer is Focus on the User, which you will find at www.focusontheuser.org |
Refined gold coins and gold bars, known collectively as gold bullion products, are available in many different types, sizes, and weights. These products are being promoted as some of the safest investment vehicles, especially since they are unlike other options, such as paper-based investments, that are impacted severely by a variety of market factors. If this is the first time that you will buy gold bullion, whether they may be coins or bars, it is important for you to know how you can protect your investments and secure your financial future.| You are subscribed to email updates from buying gold - Google Blog Search To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
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