When a central bank lends gold to bullion banks, it receives the cash equivalent of the gold. The central bank lends this money on the market at a lease rate known as the Gold Forward Offered Rate (GOFO), published daily by the LBMA.2The higher the lease rate, the more incentive a ce...
Store of value:In addition to its value as a currency and investment, gold is used in everything from jewelry to electronics. As a result, it has held its value for centuries and is likely to continue doing so for the foreseeable future. This means investing in gold bullion a smart optio...
Is it better to buy gold bullion or gold shares?Julian D.W. Phillips
Government gold sales had a tempering effect on gold prices for a while as the government liquidated its “excess” gold bullion. But by the late 1970’s the government had stopped its gold sales and the price really took off. Many felt that this rise in gold prices was in response to i...
Gold Investments Carry Tax Implications Contrary to popular belief, investing in gold does not constitute a direct tax deduction. Tax write-offs refer to expenses which reduce an individual’s taxable income and thus their tax liability; unfortunately, gold investments do not fall within this categor...
” In his experience, he thinks there has never been such a disparity in precious metals stocks compared to the price of gold. There are two reasons for this: In the 1970s, the gold ETF did not exist, so speculators who wanted gold exposure had to purchase bullion. Also, gold miners ...
Gold has long been a symbol of wealth and stability, making it one of the most sought-after assets throughout history. A gold bar,often called a "bullion bar,"is a tangible representation of this precious metal’s enduring value. But how much is a gold bar worth?
The gold standard was completely replaced byfiat money, a term to describe currency that is used because of a government's order, or fiat, that the currency must be accepted as a means of payment. In the U.S., for instance, the dollar is fiat money, and in Nigeria, the naira is. ...
Russia’s central bank once again increased its gold holdings substantially in April. They added another 300,000 ounces to their existing stockpile bringing the total up to 40.1 million ounces (see chart below).
BullionStar is not merely a Singapore-based corporation; they embrace an international approach for some initiatives. The organization made sure the clients were comfortable and found bullion at a fair price. It has long been said that gold and silver are just for the wealthy, but with ...