Commodity Trade Mantra

Posts Tagged ‘Gold Jewellery’

Are Gold and Silver still Trending up or Vulnerable to some Profit-Taking Yet?

Before you rush to buy into gold-backed ETFs, it’s wise to note that there are signs of profit-taking in gold. Gold and silver tend to move together. Investors monitor the gold-to-silver ratio to assess how expensive or cheap silver is, relative to gold, currently seen at around 70 – near the upper end of the range between 45 and 80. This tells us that silver is still cheap compared to gold.

A Long-Standing Love Affair Between India And Gold

India has never experienced a bear market of any consequence in gold. Since 1970 the Indian rupee has lost 88.7% of its purchasing power compared to the U.S. dollar. But the people’s purchasing power has been maintained thanks to gold. Maybe that is why people are reluctant to give up gold for a piece of government paper. Westerners may have something to learn from India’s love affair with gold.

The Investment Case For Gold Remains Intact: WGC

Crucially, the long-term investment case for gold is not based on short-term price movements. Gold plays a more important role in a portfolio. Drivers of gold demand respond differently to different economic conditions. Heightened systemic risk typically boosts gold’s role as an insurance asset. Economic growth boosts jewellery demand. This makes if far more than a simple commodity.

The Chinese Government’s Gold Policy - From The Horse’s Mouth

This is a detailed policy memo from the China’s highest government to let the various ministries & department know of the direction, intentions, progress & steps of development of the many facets and components of the gold market that serves both the gold industry and other areas of finance.

Another Phenomenon - Flights Arrive Laden With Gold

It’s raining gold at Kerala’s airport. Every plane landing from the Middle East here now carries 40-80 kg of gold, translating into Customs duties between Rs 86.8 lakh and Rs 1.74 crore – Gold smuggling is back as hiked import duty and restrictions make the precious metal even more precious.

India's Temples Guard Their Gold From Government

India’s temples are resisting divulging their gold holdings – perhaps nearly half the amount held in Fort Knox – amid mistrust of the motives of authorities who are trying to cut a hefty import bill that is hurting the economy.

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