Questions tagged [gold]

The yellow precious metal, used in jewelry, and as money, as well as in the industry and medicine.

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1answer
50 views

Why did the Greek debt crisis raise gold prices? [closed]

Greece is a small country. Shouldn't the bad economic practices of just one small country not drive prices up so high?
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2answers
156 views

How would the discovery of El Dorado impact the price of gold? [closed]

I have gold in my long-term investment portfolio and I am worried about sudden over-supplies of gold. If a City of Gold (e.g. El Dorado) or the Nazi gold train is discovered in the future, how can I ...
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2answers
226 views

What time do gold futures weekly options expire?

What time on Friday do gold futures weekly options expire? For example, I am interested in knowing what time the /GCV20:XCEC 1/100 AUG 20 (Wk2) /OG2Q20:XCEC 1925 CALL option expires this Friday. I ...
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58 views

Are paper gold ETFs a scam? [duplicate]

Recently I found this website that has a lot of interesting statistics and among them I noticed something that astonished me : the paper to gold ratio. I am really surprised that there is such a huge ...
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1answer
40 views

Can someone confirm the standard contract for XAUUSD?

Am getting nothing but click bait these days that is purposely vague. Broker omits it on the dash.
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1answer
50 views

Calculating Portfolio Return

I am doing a research on the proper ways to calculate portfolio returns. The condition: The underlying asset is physical gold bars. Just gold, purchased from 1 particular seller. Currently i have two ...
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0answers
42 views

Are there useful purposes for ETC's?

my question is related to a video where the narrator claimed that there was no case known to him where someone was able to receive his ownership of gold from an Exchange Traded Commodity (ETC) in ...
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1answer
67 views

How gold funds can give different profit

I am looking at different gold bonds available in India, and came across some top performing funds from etmoney site. I got a doubt on the profits generated by these funds. If they invest the money ...
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2answers
74 views

Market Analysis Charts Using Gold as Currency (Y-Axis)? [closed]

I wish to analyze the historical value of individual assets in a wide range of asset groups; Commodities, Stocks, Bonds, Currencies, etc; in milligrams of Gold; using time as the x-axis and gold as ...
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3answers
127 views

Why do gold ETFs follow the overall stock market?

Many of the same overall trends and features exist in gold ETFs as in the overall stockmarket. For example AAAU shows similarity to SPY. As seen here, why would an investment in a gold ETF follow the ...
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3answers
251 views

How to sell gold and silver bullion legally and through legitimate buyers

Please note: This might seem like a over-simple question, but I do believe its on topic, and it is certainly not a duplicate. In fact, I can't find a credible answer to this question anywhere on the ...
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6answers
377 views

Why do people prefer to buy gold when stock market moves downward?

Most of us know that there's a common concept that the stock market index and gold price have an inverse relation or negative correlation. When the index moves downwards, the gold price often ...
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0answers
160 views

How to get a fair market price for small amounts of physical precious metals?

A while back, I bought 2 grams of Valcambi Suisse Palladium bars. Now, that the Palladium prices are increasing, I am trying to sell my bars. The problem is that the exchange site that I bought it ...
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6k views

Where to sell metals with numismatic value

I have various silver and gold bars and coins. After getting quotes for my collection from a local coin shop, I noticed that the bullion values are reasonable, but for rare coins, the quote is far ...
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3answers
188 views

Is it a good idea to invest in gold as a safety against nation or worldwide economic crises? [duplicate]

Is it a good idea for someone in the middle class to invest in physical gold as a safe guard against economic crisis? If not, why not? If yes, still why? I'm also curious what percentage of savings ...
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3answers
138 views

On a statement of Dalio and the case for gold

Last night I was watching the following videos https://www.youtube.com/watch?v=YVLJRGA5uAk and https://www.youtube.com/watch?v=AhDrvQiNV5M&t I am considering the bet on gold with respect to his ...
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0answers
121 views

Glint Administration — What Steps to take to claim my assets? [closed]

I have the issue that the company Glint (https://glintpay.com) has gone into administration and all customers' assets, including mine, are frozen by the administrators. Glint is a company that mainly ...
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2answers
183 views

Does trading currency choice in a Gold ETC make a difference when base currency remains same?

The WisdomTree Physical Swiss Gold Exchange Traded Commodity is available in trading currencies of both GBP (SGBX.L) and USD (SGBS.L) on the London Stock Exchange. I believe that the base currency ...
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3answers
345 views

Is gold inflation-proof or not?

I feel a bit confused. I read something on this site about gold being inflation-proof. Other people stated that it is untrue. I feel confused why. You can print money, but you can not print gold, ...
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1answer
211 views

Is it the truth that gold / silver coin costs differently in different countries? [closed]

I am told that the person buys gold coins from US website with the delivery to Kazahstan and sell them there for profit. Can it be for real? I am wondering since the import from US should be taxed, ...
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5answers
660 views

Why do rich put their money in gold

I have been listening to Robert Kiyosaki (author of rich dad poor dad) podcasts and I always hear him say the rich put their money in gold. He never says why though. So, I am just curious to know why ...
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0answers
90 views

How can a person prepare for a redenomination?

Redenomination is being discussed in South Korea. While some officials announced that they are considering this as a long-term assignment or not even considering, the gold price is already fluctuating....
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0answers
79 views

How to calculate capital gain on gold coins in Canada?

In case of purchasing multiple gold coins (assume same kind of coin) on several occasions, for the purpose of capital gains tax calculation upon resale - does one have to calculate adjusted cost base ...
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0answers
24 views

Are there any possible complications when calculating capital gain while trading gold ETR, compared to regular ETFs?

In particular, is MNT.TO ETR treated any different from ETFs when calculating ACB? I assume that it pays no dividends, and thus buy/sell would be the only taxable events, or am I missing anything? I ...
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1answer
187 views

May one buy gold coins from wholesalers vs the retail dealers?

I am interested in buying a lot of American Gold Eagle coins. I live in Irvine CA. The local gold dealers in my city tell me I should come into their store, bring them a check, and come back one ...
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938 views

Taking physical gold out of the United States

Are there restrictions on taking physical gold out of the US if I emigrate? Can I just pack it in my luggage and get on a plane to UK?
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1answer
236 views

Gold price in my country. Is it a good investment during hyperinflation? [closed]

On Wednesday, expectations of interest rate hikes in the United States limited profits and put pressure on gold. US gold futures for delivery in December 2018 fell to $ 1,211.50 per ounce, pressured ...
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2answers
7k views

What does “gold reserves” on a gold mining company's balance sheet mean?

From a Reuters article: On Wednesday, [Newmont Mining Corp] reported gold reserves of 68.5 million ounces for 2017, unchanged from 2016, as it replaced reserves through exploration, projects, ...
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1answer
127 views

Why doesn't Graham consider gold as an investment?

Before the end of the negative interest rate I was wondering what about investing my money in raw materials, maybe in gold. Having almost finish my reading of The Intelligent Investor I was wondering ...
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7answers
2k views

How should I prepare for the next financial crisis?

Last financial crisis happened 10 years ago - there is the risk of another one some time in the future. I am middle class worker with an average savings. I know that investing in gold should be safe ...
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1answer
218 views

Investing in precious metals and keeping them safe

My intention is to invest once each month or each other month. What are my options? Physically buy some American Eagle/Krugerrand/Maple leaf Gold Coins? I have to admit that they look really good, ...
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4answers
575 views

Is a currency “hedged” ETF actually a more speculative instrument than an unhedged version?

I've come across a few ETFs that are currency hedged. At first, the "hedged" part in the name seems to imply that this is somehow a safer investment than an unhedged version. However, take a look at ...
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3answers
3k views

Is the Canadian Gold Maple Leaf actually used as legal tender?

How could it be that this gold coin was created as legal tender when its gold content value is much higher than its face value? https://en.wikipedia.org/wiki/Canadian_Gold_Maple_Leaf The face value ...
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1answer
902 views

Gold coins with face value greater than the metal value — what's the catch?

If you're going to keep some money in cash, is there any downside to keeping it in gold coins that you can buy at their face value, where that face value is higher than the metal value? I came ...
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4answers
1k views

Is gold subject to inflation? [duplicate]

You know, we all have inflation. You can buy less on your USD, Euros and RUBs today than year before. I was advised to buy gold if I do not want my money be eaten by inflation. Gold is advised for ...
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3answers
460 views

Cost of carrying precious metals in portfolio

Recently, I have decided to diversify my portfolio into some precious metals. However, I found out that the cost of holding gold and silver is really high. The website I was trying to buy from ...
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1answer
79 views

How does price of spot gold works in relation to foreign exchange?

What I mean by this question is when I buy gold, which currency is the price of the gold based on? So assuming I am from China and I wish to buy gold through goldmoney.com, they allow me to choose ...
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4answers
1k views

Can I Accept Gold?

A few years ago, Utah defined gold and silver as legal tender. If I understand this law correctly, this should mean that now that my business is in Utah, I can accept gold as a means of payment (I ...
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2answers
199 views

Why the volume disparity between NUGT and DUST?

The volume of NUGT at ~47m is much higher than DUST at ~7m. Why do traders favor one ETF so overwhelmingly? Is this typical of ETF pairs or just a quirk of NUGT/DUST?
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1answer
183 views

What caused gold to lose a third of its value during the year 2013 to 2014? [closed]

I've noticed that the ounce of gold lost a third of its value starting at $1700 to $1200 during 2013 and I would like to understand what caused such thing, if possible.
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1answer
204 views

Why is gold price falling in late 2016 given that it has historically rose when there are fears of inflation? [closed]

Since Trump got elected as president, gold price fall has accelerated. At the same time, fears of inflation heightened given expectation of Trump's fiscal stimulus. The dramatic fall in bond prices is ...
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1answer
2k views

What are the common arbitrage strategies for trading Gold?

As the title states, will like to know more about what arbitrage strategies are commonly used for gold traders.
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2answers
4k views

What is the face value of sovereign and Britannia gold coins?

I have seen claims on the internet saying sovereigns have face value of £1 and £100. These coins therefore have an embedded put option at the strike being the face value.
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1answer
183 views

Are American Eagle $20 gold coins considered “securities”, requiring dealers to be licensed to sell them as such?

I wonder if anyone can tell me whether U.S. $20 American Eagle gold coins are considered to be "securities" for purposes of sale? In other words, if I want to start a business that buys/sells them to ...
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1answer
178 views

Does Gold Pay Interest In Negative Rates?

From my SO the other night: Gold pays interest when there's negative rates. If someone holds gold, they have to store it in a manner that will cost (money or time) and if someone holds gold in a ...
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1answer
154 views

Is paying high-value home loan by taking gold loan better?

I have a housing loan of 27 lakhs with the interest rate of 10% for 5 years. Is it really worth if I take gold loan and do a housing loan pre-payment out of it? I understand that gold loan is ...
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1answer
106 views

Why did gold dip in 2011 [closed]

Can anyone give a good explanation why gold was mostly flat for 20 years counting from 1987 and then it shot up in 2006-2007 and then dipped in 2011? What caused the increase and what caused the huge ...
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293 views

Why is USA tax reporting different for essentially identical gold coins?

I was just reading about how bullion dealers are required to file a USA 1099-B when someone sells 25 or more 1oz gold Maple Leafs, Kruggerrands or Mexican Onzas through them, but that there is no such ...
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3answers
966 views

How do gold sovereign coins compare to other gold investments? [UK]

I'm starting with the assumption that gold is sometimes useful for diversifying risk, responding to economic instability, or generally commodity trading. That stated, there are obviously different ...
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1answer
3k views

What explains the enormous increase in gold price in the early 21st century?

I just saw a chart of gold price over the last few decades. Between 1980 and 2000, gold price actually fell, but not at a steep rate. Then suddenly, in 2002-2011, its price nearly decupled (10x). I'm ...