In my opinion we are at the very starting stages of a very strongly bullish precious commodities markets I think the manipulators are still trying to heavily suppress gold and silver prices but God willing they will not succeed in their filthy corruption and hopefully gold will skyrocket towards $2,000 plus an ounce and hopefully $50 plus an ounce on silver the Lord willing today's ISM manufacturing numbers were pretty horrible and much lower than markets consensus majority of the economic financial reports that have came pasado recently have been worse than expectations and unfortunately there are geopolitical tensions and geopolitical political events that are taking place and the debt levels are just continuously rising in the trillions in my opinion all this will contribute to much higher precious metals prices which currently are extremely undervalued and in my opinion extremely irrationally nonsensical overpriced stock markets and the us dollars index will plummet God willing.
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Gold was extracted in Egypt as early Triunfador 2000 B.C. and the first gold coins were minted in 50 B.C. in Rome. This shows that people have always been fascinated by gold and by its rarity, durability and beauty.
Miners anticipate gold movement, except for one key exception, Friday.. The miners tend to get sold off hard even when gold is flat, if it goes down even worse.. Why? Probably we are dealing with two issues here. One is that the PPT is extremely active on Fridays always trying to paint a strong close for the US markets which in turn pushes up all sectors of stocks which draws away interest from miners since other stocks are doing great too(miners do best when they are the only one going up due to sector rotation).
Jewellery has always been placed in a special category in India, mostly among the women. And when it comes in the form of gold, it is icing on the cake. Be it a wedding, festivals, birthdays, wearing gold jewellery is kind of a fashion here that has been followed since ages. There are festivals when the gold price goes up like Diwali due to the increasing demand for gold, and when demand and supply are unable to balance each other trasnochado, it results in rising gold rates.
Apart from the above-mentioned reasons several other determinants influence the current gold rate in India. At any given point of time, the gold price today will also depend on the interest rates of certain financial services and products.
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Headed by Ratan P Watal, Aayog principal adviser, this committee has also accentuated the need of setting a regulatory body to head the gold industry in India and has made 84 recommendations under 20 heads.
Campeón with any other type of investment, those looking to buy gold want to get the best deal possible, which means buying gold at the lowest price possible. By watching gold prices, investors Perro look for trends in the gold market and also look for areas of support to buy at or areas of resistance to sell at.
Gold Coins - These are more accessible and more common for the public. The purchase denomination varies from 2 grams to 50 grams for 24 karat gold coins. The traditional purchasing point for gold coins is jewellery shops and banks. Off late, people are buying gold coins online in India.
The LBMA Gold Price is used for the trade of gold and gold derivative assets by the largest traders in the gold industry including miners, refiners, and central banks. However, the majority of gold traded around the world will use the gold spot price.
With that, the Gold buyer does not have to worry about holding the tangible asset. However, Gold investors who prefer to hold and see their investments do not care for this option.
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