Q..lossary of Precious Metals Terms Nothing has captivated civilizations as much as the allure of gold and silver. This process is called acid mine drainage . Each section is clearly illustrated and includes explanatory text to help you understand what to look for... and what actions you should consider taking based on your analysis of price trends. If you want the opportunity of redeeming your shares for gold, another option is sprout Physical Gold Trust ETA PHYS, which is a closed-end mutual fund that gives investors the option of trading in their shares for 400-ounce gold bars. On that imaginary island, gold is so abundant that it is used to make chains for slaves, tableware, and lavatory seats. If, after you’ve invested in gold you decide to sell, we make it as easy as buying.
The yellow metals recovery this year has been backed by a concoction of factors including mounting worries over the global economy, volatility in equities, slowdown in China and introduction of negative interest rates by several of the worlds central banks that have fueled safe-haven demand for gold. Gold has been the best performing asset this year, outperforming major equity indices, investment grade and high yield bonds and commodity indices. Lets dig into some of the major factors that have triggered the recent spurt in gold prices. Brexit Jolts Markets, Sends Gold Soaring Gold prices rallied to their highest level in two years to cross the $1,300 per troy ounce barrier on Friday after Britain voted to leave the European Union (EU), sending tremors through global stock markets. The outcome from the historic EU referendum (that saw the Leave side winning 52% of the vote) spurred safe-haven buying as investors fret that Brexit will bring instability to Europe and catapult turmoil across the globe, leading to as much as 5.5% spike in gold prices. Britain's FTSE 100 dropped more than 8%, Germany's DAX slid as much as 10%, France's CAC tumbled around 8% while Japan's Nikkei 225 plummeted more than 7%.
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Gold is protection, insurance against inflation, currency debasement, and global uncertainty. Don’t Buy Gold emfs for the Apocalypse Some investors complain that gold emfs aren’t useful because you can’t take physical delivery in the main funds like LLD or IA unless you are a massive investor. Some tips to consider when picking gold shares are to find companies with strong production and reserve growth. Gold price history in 1960–2014 Gold price per gram between Jan 1971 and Jan 2012. Allocated gold is the bullion held by the custodian, big banks. Respectively, they put out 450, 270 and 245 tonnes of the yellow metal. Gold sometimes occurs combined with tellurium as the minerals' calaverite, krennerite, nagyagite, petite and sylvan ite see telluride minerals, and as the rare bismuthide maldonite Au2Bi and antimonide aurostibite AuSb2. Check back frequently or sign up for our free report to get email updates. Please plan on four weeks.