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Is Gold considered as investment or insurance?

Is Gold considered as investment or insurance?

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Luke Offline
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#261
06-08-2019, 04:34 PM
SGEI launches new certified vault in Shenzhen

The Shanghai International Gold Exchange (SGEI) has launched a new certified vault in China's southern boomtown Shenzhen on Wednesday.
The SGEI, a wholly owned subsidiary of the Shanghai Gold Exchange (SGE) and also known as the SGE's international board, established and will operate the vault in cooperation with the Industrial and Commercial Bank of China.

"In order to ensure the smooth operation of SGE's international business, SGE has now decided to launch the new SGEI certified vault to facilitate physical delivery through SGE as well as bullion storage and other transactions by international members and customers," SGE said in an online announcement.

Shenzhen, where nearly 70 percent of China's gold products are designed and processed, has the most advanced manufacturing productivity in the industry and plays an important role in the gold industry in Asia and the world, SGE said.

http://www.xinhuanet.com/english/2019-08...275421.htm
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Temperament Offline
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#262
24-08-2019, 04:29 PM
Sell or buy now, that Gold is in Bullish trend?

Human greed knows no bound.

Intend to sell wife "unwanted gold jewellery" when spot price reaches 68K per KG.

But.......

Why there is a wide spread between 24 K gold and 22 K gold when selling as scrap gold?

It is not pro rata in price.
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

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My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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opmi Offline
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#263
24-08-2019, 06:33 PM (This post was last modified: 24-08-2019, 06:56 PM by opmi.)
Based on technical charts alone, no big resistance to gold price until USD1800 per ounce.

USD1500 seems to be a strong support.

Gold like other commodities tend to be more trending, as compared to equities.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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Behappyalways Offline
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#264
13-03-2020, 10:39 AM
“People are selling gold and silver positions to finance equity positions or other situations,” he added.

Gold tumbles over 4% in virus-led rout
https://www.cnbc.com/2020/03/12/gold-mar...focus.html
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Behappyalways Offline
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#265
03-04-2020, 05:06 PM
Gundlach Sounds Alarm on ‘Paper Gold’ ETFs Raking in Billions
https://www.bloomberg.com/news/articles/...n-billions
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Behappyalways Offline
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#266
09-03-2022, 10:14 PM
外汇储备成“金融人质”，黄金将重回“王座”？
https://m.youtube.com/watch?v=slu1yKQJVM8
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Behappyalways Offline
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#267
09-03-2022, 10:33 PM
Just to add...look at gold miners instead of gold....if gold price goes up, gold miners' profit will be up much more as fixed cost is fixed.....just like the shippers when rates are up....look at overseas miners and don't touch Cnmc....it is.....you know lah.....
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Behappyalways Offline
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#268
21-03-2022, 08:42 PM
冻结外汇储备，围堵加密货币，再出狠招--封堵黄金储备！
https://m.youtube.com/watch?v=_5XZKI8Oc3g
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Behappyalways Offline
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#269
05-05-2022, 11:22 AM
USD has been appreciating lately against most other currencies but there is one currency that appreciate against USD......yes Russia Rouble..

Russia has a very smart central banker that tied the Rouble to oil & gas and gold. That put to ash what Biden said that Rouble will depreciate to 200 for every 1usd.

So will other central bankers around the world learn from Russia......

China Holds Secret Bank Meetings To Plan For Protecting Assets From US Sanctions
https://www.zerohedge.com/markets/china-...-sanctions
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BlueKelah Offline
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#270
06-05-2022, 09:54 PM
(05-05-2022, 11:22 AM)Behappyalways Wrote: USD has been appreciating lately against most other currencies but there is one currency that appreciate against USD......yes Russia Rouble..

Russia has a very smart central banker that tied the Rouble to oil & gas and gold. That put to ash what Biden said that Rouble will depreciate to 200 for every 1usd.

So will other central bankers around the world learn from Russia......

China Holds Secret Bank Meetings To Plan For Protecting Assets From US Sanctions
https://www.zerohedge.com/markets/china-...-sanctions

The world is moving towards a new world order. Trade will be done more in commodities like gold and reserves will be held as minerals or oil that nations need to stockpile. 

Whoever the next world leader will be (very possibly China, if not then BRIC, brazil russia india china as a trading bloc like the EU) 

Russia can now just continue to be in constant war to increase their territory. This slow war gains them farmland/minerals/population etc.. and causes the major commodities they export to skyrocket in price. It kinda pays for itself!!

I suspect CHina has the worlds largest holdings of gold reserves now. Historically whoever controls the gold, controls the world.
Virtual currencies are worth virtually nothing.
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