For Whom Wealth Matters
September 20, 2012 4 Comments
Compared to other asset classes, gold has historically outperformed in a wide range of uncertain economic scenarios: deflation (falling prices accompanied by low or negative growth), stagflation (high inflation and low growth as seen in the US in the 70s) and in potential hyper-inflationary outcomes while it tends to lag when the global economy is booming.
September 5, 2012 4 Comments
Here is a fact I came a cross about a week ago.If you are trying to decide which way the price of gold will move short term, remember this fact.India’s official gold purchases might be down but consumption has probably not reduced as much as many pundits are positing, despite the high prices in Rupee terms.Mumbai gold prices are about Rs 1,500 per 10 grams higher than international prices
August 21, 2012 2 Comments
Here is a bit of traditional wisdom:
Gold generally trades in the lower range around March and July. Generally, this is the best time to buy gold and marriage season is the best time to sell gold.
August 18, 2012 4 Comments
In 1933, the President of the United States of America, Franklin D. Roosevelt stopped the coinage of gold and made it illegal to own the metal (although coin collectors could retain their pieces). With one exception, no 1933 double eagles were ever legally released, although some were stolen from the government, and over the years several were recovered.
In the summer of 2002, a 1933 Double Eagle was auctioned off for $7,590,020 , which shattered the old record of $4,140,000 paid at a public auction for an 1804 silver dollar. This piece is unique as the only 1933 double eagle the U.S. government has deemed legal for its citizens to own (having been negotiated as such through terms of a U.S. treaty with a foreign government). Even illegal instances of the 1933 double eagle would be worth hundreds of thousands of dollars, but it would be illegal for a U.S. coin dealer to broker a deal with one of these coins. There is no other date of St. Gaudens double eagle that is worth a significant fraction of this extraordinary coin. In fact, a complete uncirculated set of all other St. Gaudens double eagles could be put together for just over three million dollars (less than half the price paid for the 1933), including the extremely rare, ultra-high relief, proof pattern. Without the rare pattern, the set would be less than $ 750,000. Read more of this post
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