Posts Tagged Gold bullion
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Gold price on the rise: How to invest in bullion
Posted By : Daniel Kiernan on January 16th, 2013
Location : gold
Gold enthusiasts were today bouyed today by the decision of Germany’s central bank to pull its gold reserves out of Paris and New York.
It follows warnings from the country’s Court of Auditors that bullion held abroad had “never been verified physically” and was not under proper control.The Bundesbank is to recall its reserves as leverage against future currency fluctuations, resulting in pulling a chunk of its holdings from New York and all its bullion from Paris.The price of gold per ounce rose $14.50 to $1,682.60 by mid…
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New UK Legislation is Predicted to Favour Gold
Posted By : Daniel Kiernan on July 23rd, 2012
Location : gold
For many years, investing in gold has been seen as a risky method of saving or investment and has generally been disapproved of by the financial services industry, not only in the UK but internationally.
Gold bullion was not seen as profitable enough for financial organisations or advisors (such as banks and stockbrokers), because it is usually purchased and kept as a long term investment, passing it on to future generations. Because of this, financial organisations do not make continuous profits and can therefore be reluctant to prom…
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