Livespotgoldprice.com
We are committed to providing a platform showcasing the best possible gold bullion provider and live spot gold price information.
We also provide live tweets about significant gold related events via twitter.com @spotgoldprice - "Quick buy some gold!"
Our best possible advice to you (should you be looking for any:) would be to buy physical gold bullion in a vault in Zurich in Switzerland!
As at Sept, 1st 2009, spot gold price is $990 and rising.
If you EVER see gold below $800 from here on in - bet the house on it.
Frankly, if you ever see it below $1000 from here on in - bet the house on it
Update: Sept 8th 2009 - Gold hits $1007 in early trading...Quick buy some gold!!
And why BullionVault ? Well we have been buying gold ourselves on BV and know how great they are. Their international bank transfer methods and account verification procedures are quick, painless and secure. Their live online customer support will talk you through any trade and or technical question you may have. Their platform allows the individual to participate LIVE in the bullion market without the huge costs usually associated with doing this. It is also by far the cheapest way we know to own, store and trade physical gold bullion.
We also provide live tweets about significant gold related events via twitter.com @spotgoldprice - "Quick buy some gold!"
Our best possible advice to you (should you be looking for any:) would be to buy physical gold bullion in a vault in Zurich in Switzerland!
As at Sept, 1st 2009, spot gold price is $990 and rising.
If you EVER see gold below $800 from here on in - bet the house on it.
Frankly, if you ever see it below $1000 from here on in - bet the house on it
Update: Sept 8th 2009 - Gold hits $1007 in early trading...Quick buy some gold!!
And why BullionVault ? Well we have been buying gold ourselves on BV and know how great they are. Their international bank transfer methods and account verification procedures are quick, painless and secure. Their live online customer support will talk you through any trade and or technical question you may have. Their platform allows the individual to participate LIVE in the bullion market without the huge costs usually associated with doing this. It is also by far the cheapest way we know to own, store and trade physical gold bullion.
Don't believe us? The Queen gave them the following award, so just ask her if you are in any doubt!
Disclosure notice for Livespotgoldprice.com
We receive a small referral commission for any accounts subsequently opened at Bullion vault after finding them/you through this website however the tiny dealing fees and storage charge you will pay would be no smaller without this webistes fee which is in fact just a cut of Bullionvaults cut, of it's commission from your trade. Seemples.
To find out for yourself, go open an account and then also start referring people YOU know.
Of course go through http://www.bullionvault.com/#sutksi123 (sutski123, that's us) and help support www.livespotgoldprice.com !
We would like to also point out (do we need to?!) that gold could also drop to $100 an OZ just after you bought it for $1000 - Don't panic initially - Then panic for a while - then remember you still have a nice pot of gold. Literally. This you can sell for practically any currency, whenever you want. Even when it is $12,000 to the oz by the end of 2011!
Mmmm that Florida beach house suddenly looks very cheap ;)
That said, we are NOT investment advisors, or your Mum, so please make up your own mind before making any investment decisions based on any of the content of this website. As per the above however and the integrity of Bullion Vault and this particular investment decision, the Queen is a pretty handy referee I think you will agree!
In short. Sign up we get a wee cut for finding you, if you lose loads on gold because it tanks to $100 as per the above, please remember, we are not to blame! We would then of course advise you to sit tight and buy as much of it as you can for $100!
N.B If it does go to $12,000 it's all our fault and please feel free to buy us a drink.
Cheers @spotgoldprice
Breaking news from the 4th Spetember 2009 that for some reason, the media are not talking about:
China, Japan and many other nations who are holding trillions of dollars of US Debt are now rapidly putting it into solid material resources namely gold, heavy earth metals such as Uranium and Lithium, and infrastructure essentials such as Copper, Sugar, Silver, Oil and Gold and once again my friends, gold.
China have today Sept 4th 2009 announced they are buying $50 billion worth of IMF SDR's.......But they are going to pay for it in YUAN or "RENMINBI" !!!!!!! This is massive news !!! As a chap named Zhang puts it:
"This would signify that the renminbi, to a certain degree, would replace the dollar as a global reserve currency. It would be an important impetus for renminbi internationalisation and it would have a negative influence on international demand for the dollar"
This is going to also weigh the IMF very heavily towards the $and basically means that China is printing it's own money in exchange for new SDR's that it will pay for things with (like oil) and not even spend it's $2 point something trillion of cash reserve $$$to boot !! - If the IMF then lends the new Chinese Currency it has just purloined, out onto the world market, we will suddenly have another global currency player and a new reserve currency to trade, lend and borrow with...... Now if you were to throw in the unthinkable of say, the $collapsing drastically in value due the huge debt pile of Govt, private and financial sector and you logically see the US dollar falling away from being the worlds defacto reserve currency, especially as China pushes forward to both immediately increase it's voice on the world stage ahead of the next world summits and introduces it's own international clout financially as countries begin using the Yuan to trade directly with China and thereby avoid using the $entirely in fact ....ouch.
http://www.expressindia.com/latest-news/China-to-use-yuan-not-dollars-for-IMF-bond-buy/512818/
China, Japan and many other nations who are holding trillions of dollars of US Debt are now rapidly putting it into solid material resources namely gold, heavy earth metals such as Uranium and Lithium, and infrastructure essentials such as Copper, Sugar, Silver, Oil and Gold and once again my friends, gold.
China have today Sept 4th 2009 announced they are buying $50 billion worth of IMF SDR's.......But they are going to pay for it in YUAN or "RENMINBI" !!!!!!! This is massive news !!! As a chap named Zhang puts it:
"This would signify that the renminbi, to a certain degree, would replace the dollar as a global reserve currency. It would be an important impetus for renminbi internationalisation and it would have a negative influence on international demand for the dollar"
This is going to also weigh the IMF very heavily towards the $and basically means that China is printing it's own money in exchange for new SDR's that it will pay for things with (like oil) and not even spend it's $2 point something trillion of cash reserve $$$to boot !! - If the IMF then lends the new Chinese Currency it has just purloined, out onto the world market, we will suddenly have another global currency player and a new reserve currency to trade, lend and borrow with...... Now if you were to throw in the unthinkable of say, the $collapsing drastically in value due the huge debt pile of Govt, private and financial sector and you logically see the US dollar falling away from being the worlds defacto reserve currency, especially as China pushes forward to both immediately increase it's voice on the world stage ahead of the next world summits and introduces it's own international clout financially as countries begin using the Yuan to trade directly with China and thereby avoid using the $entirely in fact ....ouch.
http://www.expressindia.com/latest-news/China-to-use-yuan-not-dollars-for-IMF-bond-buy/512818/
Why Gold? Why Now?
The Case for Investing in Gold Today
The Case for Investing in Gold Today
IF YOU'RE LOOKING to store wealth in something both rare and secure today, you will find nothing to match gold.
Gold always tends to reward cautious savers in times of financial stress, because it is both hard to destroy and tightly supplied.
In short, it is the very opposite of debt.
Gold doesn't corrode or tarnish, and it's relatively useless to industry. That's why almost all of the entire stock of gold mined over the last 4,000 years remains unused today. It exists as either jewelry or bullion, both of which act to store wealth and value.
The world's total store of gold now stands near 160,000 tonnes. But the metal is so dense that, if formed into a single a cube, it would have an edge barely 22 yards in length.
That wouldn't even cover a tennis court!
Gold vs. Paper-Money Inflation
New gold is being found and mined today at the rate of some 2,600 tonnes per annum.
That's a modest increase of 1.6% per year to the above-ground supply. And critically for the value of gold, this annual growth-rate lies beyond the power of politicians or investment banks to increase.
The supply of Euros, in contrast — the most hawkishly-managed major world currency right now — is currently expanding by 11.5% per year.
Thanks to this tight supply, gold grew its purchasing power more than nine times over during the 1970s — the last worldwide surge in inflation. In terms of business assets, it rose 23 times over by the start of 1980 as measured against the Dow Jones Industrial Average.
During the financial collapse of the 1930s — but this time amid a deflation caused by half of all banks in the United States failing — gold bought 17 times as many financial assets as it did before the Great Crash of 1929. 86 have failed so far in 2009 as at Sept. 1st
Now debt defaults and inflation are working together today, forcing a fresh crisis in the value of money. Gold has already risen three-fold against the New York stock market since early 2000. It's recently turned higher in terms of residential and commercial real estate, too.
Time to Buy Gold?
Gold doesn't care whether a financial collapse destroys the value of money (inflation) or the value of debt (deflation). Its unique characteristics — indestructibility and tight supply — mean its owners can thrive amid either.
But that doesn't make gold a "forever" investment. Gold will always lose value during stable periods of strong economic growth.
Over the twenty years to 2000, for example, gold lost 95% of its value in terms of US real estate. So it's no surprise that, as a proportion of world investment portfolios, gold fell from around 2% to effectively zero.
The trend in gold prices finally turned higher at the start of this decade, just as Gordon Brown — now the British prime minister — sold half the UK's national gold reserves at less than $300 an ounce.
Since then gold has trebled and more. But this gain remains small in the context of previous gold trends. It's also been limited by Western governments persuading their citizens that "core" inflation in the cost of living is running at just 2% per year or below.
Put "Brown's Bottom" in Youtube - You really couldn't make it up!! The man should be hung for treason!!
These official CPI figures, of course, exclude the cost of housing, mortgages, taxes, fuel and saving for retirement. But this trick cannot go un-noticed forever.
New Investment in Gold
New gold investment will continue to grow if the world's major currencies — gold's main competition as a store of value — plunge into the inflationary spiral that many economists fear.
Until there's a dramatic change in monetary policy, the over-supply of Dollars, Euros and Yen look set to keep pushing gold prices higher. And it took a dramatic change in central-bank policy to finally kill gold's last inflation-led surge...
Predictions ?
Absolute topside ? From $900 Sept 1st 2009 ?? Hmmm $1600 Dec. 2010, $2500 March -June 2010, $5,500 Sept - Dec 2010, and on $devaluation day (DDD;) $12,000 - Quick buy some gold!
Worst case scenario ? Drop to $700 in October then back over $900 through Jan 2010 and on up to $2300 through Dec 2010
