GoldCore TV's guest today believes it is very likely that we will move onto a new standard of gold in the next ten year.
This is not unusual for commentators on the gold market to say. Jan Nieuwenhuijs, a gold analyst who has brought the discussion about gold demand into the 21st century, is not. His relentless questioning and analysis have made him the leading expert in gold reserves, gold movement and international gold role.
We were pleased to welcome him on the show to discuss his investigative reporting on the movement and future of gold.
Click the link to watch now
Next week, we will bring you the latest episode our flagship show, The M3 Report. We examine the energy crisis and discuss the chain of events that led us to this point. Steve St Angelo joins us for his valuable insight. Stay tuned for Chart Watch, when we examine the huge shortage in the SLV. Don't miss this show by subscribing to GoldCoreTV now!
Gold Coins for Sale
GOLD PRICES (USD. GBP. & EUR – AM/ PM LBMA Fix).
20-09-2022 1667.90 1664.15 1458.75 1460.29 1665.56 1667.48
16-09-2022 1664.30 1664.65 1461.75 1460.06 1666.96 1668.65
15-09-2022 1689.00 1689.10 1467.23 1467.32 1690.01 1689.10
14-09-2022 1703.80 1703.90 1473.79 1473.70 1702.78 1706.97
13-09-2022 1727.05 1704.85 1474.38 1474.35 1699.94 1699.56
12-09-2022 1726.50 1726.40 1478.23 1477.28 1698.01 1705.51
09-09-2022 1726.95 1713.40 1485.87 1479.52 1711.58 1705.18
08-09-2022 1720.25 1709.35 1498.17 1488.33 1720.42 1716.19
07-09-2022 1705.05 1702.65 1486.63 1492.54 1722.10 1719.34
06-09-2022 1712.50 1702.60 1477.89 1480.41 1721.23 1724.73
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The post What We Can Learn From the International Gold Market appeared originally on GoldCore News.
Frequently Asked Questions
Should You Invest in Gold for Retirement?
The answer depends on how much money you have saved and whether gold was an investment option available when you started saving. If you are unsure of which option to invest in, consider both.
Gold is a safe investment and can also offer potential returns. It's a great investment for retirees.
Most investments have fixed returns, but gold's volatility is what makes it unique. Its value fluctuates over time.
This doesn't mean that you should not invest in gold. This just means you need to account for fluctuations in your overall portfolio.
Another advantage of gold is its tangible nature. Unlike stocks and bonds, gold is easier to store. It can also be transported.
You can always access your gold if it is stored in a secure place. You don't have to pay storage fees for physical gold.
Investing in gold can help protect against inflation. As gold prices rise in tandem with other commodities it can be a good hedge against rising cost.
It's also a good idea to have a portion your savings invested in something which isn't losing value. Gold usually rises when stocks fall.
Another advantage to investing in gold is the ability to sell it whenever you wish. As with stocks, your position can be liquidated whenever you require cash. You don't have to wait for retirement.
If you do decide to invest in gold, make sure to diversify your holdings. Don't put all your eggs on one basket.
Do not buy too much at one time. Start with just a few drops. Add more as you're able.
It's not about getting rich fast. It is to create enough wealth that you no longer have to depend on Social Security.
And while gold might not be the best investment for everyone, it could be a great supplement to any retirement plan.
How is gold taxed within an IRA?
The fair value of gold sold to determines the price at which tax is due. You don't pay taxes when you buy gold. It's not considered income. If you sell it later you will have a taxable profit if the price goes down.
Gold can be used as collateral for loans. Lenders seek to get the best return when you borrow against your assets. In the case of gold, this usually means selling it. The lender might not do this. They may just keep it. Or they might decide to resell it themselves. Either way, you lose potential profit.
If you plan on using your gold as collateral, then you shouldn't lend against it. Otherwise, it's better to leave it alone.
Should You Buy Gold?
Gold was considered a safety net for investors during times of economic turmoil in the past. Many people are shifting away from traditional investments like bonds or stocks to instead look toward precious metals such gold.
Gold prices have been on an upward trend over recent years, but they remain relatively low compared to other commodities such as oil and silver.
Some experts believe that this could change very soon. They believe gold prices could increase dramatically if there is another global financial crises.
They also mention that gold is becoming more popular due to its perceived worth and potential return.
Here are some things to consider if you're considering investing in gold.
- Before you start saving money for retirement, think about whether you really need it. You can save money for retirement even if you don't invest in gold. Gold does offer an extra layer of protection for those who reach retirement age.
- Second, make sure you understand what you're getting yourself into before you start buying gold.There are several different types of gold IRA accounts available. Each one offers different levels security and flexibility.
- Remember that gold is not as safe as a bank account. It is possible to lose your gold coins.
If you are thinking of buying gold, do your research. Make sure to protect any gold you already own.
How much should you have of gold in your portfolio
The amount that you want to invest will dictate how much money it takes. For a small start, $5k to $10k is a good range. As you grow, it is possible to rent desks or office space. You don't need to worry about paying rent every month. Rent is only paid per month.
It's also important to determine what type business you'll run. My company is a website creator. We charge our clients about $1000-2000 per monthly depending on what they order. You should also consider the expected income from each client when you do this type of thing.
If you are doing freelance work, you probably won't have a monthly salary like I do because the project pays freelancers. You might get paid only once every six months.
So you need to decide what kind of income you want to generate before you know how much gold you will need.
I would recommend that you start with $1k-2k worth of gold and then increase your wealth.
- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
- The price of gold jumped 131 percent from late 2007 to September 2011, when it hit a high of $1,921 an ounce, according to the World Gold Council. (aarp.org)
- Indeed, several financial advisers interviewed for this article suggest you invest 5 to 15 percent of your portfolio in gold, just in case. (aarp.org)
- If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (lendedu.com)
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- 7 U.S. Code SS7 – Designation Boards of Trade as Contract Markets
- 26 U.S. Code SS 408 – Individual retirement accounts
- Gold IRA: Add Some Sparkle To Your Retirement Nest Egg
- Understanding China's Evergrande Crisis – Forbes Advisor
- Saddam Hussein’s InvasionHelped Uncage a Bear In 1989 – WSJ
- Are you interested in keeping gold in your IRA at-home? It's Not Exactly Legal – WSJ
The best place online to buy silver and gold
Before you can buy gold, it is important to understand its workings. The precious metal gold is similar to platinum. It is rare and used as money due to its durability and resistance against corrosion. It is difficult to use so people prefer to buy jewelry made from it to gold bars.
Today, there are two types available in gold coins: one is legal tender and the other is bullion. Legal tender coins can be used for circulation within a country. These coins usually come in denominations such $1, $5 and $10.
Bullion coins can only be used as investment currency. They increase in value due to inflation.
They can't be exchanged in currency exchange systems. If a person purchases $100 worth of gold, 100 grams of the gold will be given to him/her. The $100 value is $100. For every dollar spent, the buyer gets 1 gram of Gold.
You should also know where to buy your gold. You have a few options to choose from if you are looking to buy gold directly through a dealer. You can start by visiting your local coin shop. Another option is to go through a reputable site like eBay. Finally, you can look into purchasing gold through private sellers online.
Private sellers are individuals who offer gold for sale, either at wholesale prices or retail prices. Private sellers charge a 10% to 15% commission per transaction. You would receive less money from a private buyer than you would from a coin store or eBay. This is a great option for gold investing because you have more control over the item’s price.
Another way to buy gold is by investing in physical gold. Although physical gold is easier to store than paper certificates you will still need to ensure it is safe. You need to make sure that your physical gold is safe by storing it in an impenetrable container like a vault or safety depositbox.
A bank or pawnshop can help you buy gold. A bank will be able to provide you with a loan for the amount of money you want to invest in gold. These are small businesses that let customers borrow money against the items they bring to them. Banks usually charge higher interest rates that pawn shops.
A third way to buy gold? Simply ask someone else! Selling gold is simple too. You can contact a company like GoldMoney.com to set up an account and receive payments right away.
By: Stephen Flood
Title: What we can Learn from the International Gold Market
Sourced From: news.goldcore.com/what-we-can-learn-from-the-international-gold-market/
Published Date: Wed, 21 Sep 2022 15:10:52 +0000