1. The International Monetary Fund has announced it offers to sell 191.3 plenty of bullion about the open market beneath the Central Bank Gold Agreement. The IMF is attempting to put pressure on gold prices. The other Central Bank’s reluctance to purchase gold might be brought on by the publicity that surrounded India’s Central Bank’s purchase of gold. This is actually the best thing because now gold can be purchased for the open-market.
There are many myths that come with gold since unknown times. Due to its top quality, not too much individuals were able to touch it, or took it in obsession. Therefore, they started creating stories, and tales about its mythical, and magical powers. They considered that it has some divine powers that are only gifted to kings, and queens. They also considered that gold is often a healing source, and those that have gold, live a lengthier life.
Besides, when President Nixon threw in the towel the gold standard, the people was able to buy back their gold, of course, for market prices; however, the huge government’s sales kept them rather low. As regards this American example, had someone lost? In the first case, every one of the prices increased as a result of inflation, with the exception of the gold price – in order that it must be adjusted, given it was the true ‘measure’ for cash. In the second case, the abandonment of the gold standard meant that US wasn’t required to pay in gold their debt to foreign governments and also that citizens were free to purchase it, exactly the relation between demand and supply driving then gold rates.
There are only a few European countries that overcame the recession. It is expected to the economic decline to remain to affect many countries from the European Union inside the close future. This will directly affect the gold price that might rise over the coming 36 months. Therefore if you purchase gold now at a suitable price it’s not necessary to doubt that will make an amazing profit later on by simply selling your gold for any better price.
The third hypothesis pertains to gold within volcanic rocks and says that within the mountain-building process, these rocks were heated at high temperatures and published to pressure, which caused these to undergo chemical transformations. Afterward, if the temperature and pressure lowered, they expelled mineral-rich water which migrated upwards through the layers of Earth, therefore the metal particles present in this water precipitated and formed gold ore.
Gold Feed by Gold Price Feed – Gold and Silver Rates API in XML and JSON