Unfortunately, African nation of Zimbabwe can’t be perceived as greatest example of financial stability. It is just the opposite – it became a living symbol of modern-day hyperinflation. But could its issues be fixed with newest version of Zimbabwe Dollar? This time backed with gold and FX currencies basket.
Today we’ll try to answer some sectoral interesting questions: How can a mint/refinery get LBMA accreditation? What weight does it carry? What does it even mean? How is accreditation different from LBMA membership? Is it applicable into smaller products? And should mints/refiners without such are to be treated.... Different?
Tym razem bez przydługiego i kwiecistego wstępu - bo aktywa które opiszemy, po prostu go nie potrzebują. Bitcoin i złoto. Oba super gorące w 2024 roku. Każde z nich ma swoje własne podejście anty-fiat. Oba mają bardzo głośną i często fanatyczną bazę fanów. Każde ma inną historię do opowiedzenia.
What if gold has run out on Earth? No more gold. Es gibt kein gold. No existe el oro. Zołota niet. Złota nie ma - wyszło. In our search for yellow metal, we’re going to travel in time, reach where mankind barely reached so far, discover fascinating world of microorganisms and try to make modern philosophical stone. We’ll step down below Earth’s top layer, touch the ocean bottom and look in the stars. So join us in an adventure in search for not-so obvious and hidden gold.
Platinum and palladium - industrial precious metals. Predominantly used in industrial sector. Interesting option, to be treated not as store of value but form of exposure to above. What could become catalyst for their price growth? Condition of automotive sector, sanctions, mining and regulations on emissions. Following this logic, today predominantly on… catalytic converters.
Gold: on 3rd of April 2024 closing price at 2299 USD. On 4th of April, intraday high at 2305 USD. On 5th of April closure at 2329 USD. Breached resistances, full price discovery in nominal values, parabolic movement. Silver: on 3rd April 2024 closing price at 27.1 USD. On 4th of April intraday high at 27.3 USD. Next day closure at 27.4 USD. Breached 26 USD resistance, attempts to move up..
In an interview held in November 2023, Mr. Aerdt Houben – Director of Financial Markets Division of Dutch central bank (DNB) shared some interesting remarks on how DNB equalized its gold reserves, relative at a rate to Dutch GDP, to other countries of Eurozone and outside of Europe. According to his statement, official gold reserves can be used as foundations for new gold standard. Considering occasion, we’d like then to present two interesting approaches on theoretical gold revaluation.
First quarter of 2024 brought long awaited and expected price breakout on gold, which is on nearly 2200 USD now. Levels which just few year ago would make sceptics to smile ironically. However, great gold price run may seem to be just starting, as economics and financials did build for us, ‘perfect’ combination of factors, which seems to fuel further positive price action.
year 2023 was uneven for global gold trends. On the positive note, some new records had been set and some strong trends were continued or re-appeared. On the other hand, final demand figures failed to meet high expectations. And in some categories we had seen continuation of adverse trends. Here’s snapshot of 2023 figures.
Year of great contrasts – such could be said on Indian silver figures in 2023. On one hand we had seen predictions on lower yearly demand and lowered import figures, being laid as far as in May 2023. On the other, we’ve just concluded traditional Indian festive season – Diwali / Deepavali – period characterised by sharp growth on demand. And just for 2023 this did set up historical records. So what is exactly condition of Indian silver market and should it concern us?
New Year – new opportunities, expectations and challenges. Considering its 2019 which could be percieved as last rather normal year, we’d expect economic, financial, political and geopolitical roller-coaster to continue. And this will continue to impact our lives and investments. However, world didn’t end since and it doesn’t seem to it in the nearest future, and so we must carry on thinking forward. So, what to expect from precious metals in 2024?metalach szlachetnych w 2024 roku?.
How much is it 5%? It’s relative. Have we had 1000 dollars that would be fifty bucks. On equity or commodity markets that would be juicy profit or loss. As a margin for goods manufacturing entity – that is dependable on type of goods and costs occurred – as it will directly impact our EBITDA. On more volatile markets like crypto, that would be just another boring day. But on treasury markets - especially in relation to yield – five percent mean a lot.
New Year – new opportunities, expectations and challenges. Considering its 2019 which could be considered as last rather normal year, we’d expect economic, financial, political and geopolitical roller-coaster to continue. And this will continue to impact our lives and investments. However, world didn’t end since and it doesn’t seem to it in the nearest future, and so we must carry on thinking forward. So, what to expect from precious metals in 2024?
United Arab Emirates – most important precious metals distribution centre for South East Asia and large chunk of Africa. India – market always hungry for precious metals What could happen if combine those two into one subject? Analysis of import / export landscape between UAE and India, in the context of precious metals in Comprehensive Economic Partnership Agreement. Only on Metal Market Europe Blog.
What if gold has run out on Earth? No more gold. Es gibt kein gold. No existe el oro. Zołota niet. Złota nie ma - wyszło. In our search for yellow metal, we’re going to travel in time, reach where mankind barely reached so far, discover fascinating world of microorganisms and try to make modern philosophical stone. We’ll step down below Earth’s crust, touch the ocean bottom and look in the stars. So join us in an adventure in search for not-so obvious and hidden gold.
In the past we didn’t have many opportunities to discuss subject of gold miners on Metal Market Europe blog. We’d like to address this matter, as since couple years we witness strong trend on great sectoral mergers and acquisitions. Some could be even considered as tectonic in size, as relating to biggest names in industry.
Gold and silver are metals known to humankind since millennia. They accompanied us as a metals symbolising ancient deities, then as a means of value, currency, eventually becoming special class of assets known as safe haven. It is interesting how their existence influenced humankind. And how the way we treated them in the past translates to modern standards.
History of silver in the monetary system of the United States is turbulent and interesting from both historical and numismatic point of view. It is worth to outline and introduce it to our readers. Especially since at Metal Market we recently had pleasure of adding Peace Dollars, straight from the Royal Canadian Mint, to our range of products. Bullion inspired by classic, historic American design.
Ongoing correction on prices of gold may soon come to an end due to fundamental reasons, cyclicality but also because of new and old but refreshed factors, which we’ll try to describe below. One thing is certain – despite of horizontal moves many assets experienced last months – we do not have reasons to be bored.
On 24th October 2023 precious metals analyst – Mr Ronan Manly – noticed that Chinese banks directly participating in LBMA Gold Price Auctions have disappeared of the list. This has not been commented in any way by LBMA and related authorities and for now reminds under shroud of mystery. As for now, this didn’t get sufficient media coverage. Also interested counterparts didn’t release any official statement. So in attempt to understand what happened, we’ll try to examine information and attempt to set it within wider background. Analysis may contain some speculative conclusions.