Welcome to 2018! The team at GBA is back after a lovely long holiday and we are ready for an exciting year! Please allow for a few delays as we process orders and arrange to ship.
Precious metals investing is an intriguing industry at present driven by politics, economics and cryptocurrency. Last year we witnessed fascinating activity as many considered diversifying their portfolios, and at GBA we have been positively engaged in activity with December turning out to a massive month in terms of sales and buybacks. As we reopened our doors this week the trend has continued with interest in gold, silver and platinum.
You can visit our charts and prices page to see what has happened to spot pricing for gold, silver, platinum and palladium.
Also coming up in the marketing calendar for interested investors and gift givers:
Chinese New Year is Friday 16 February.
This is a popular time for precious metal investors or those looking for a gift that promises wealth and prosperity.
To celebrate we have the beautiful range of Lunar coins from Perth Mint.
The faithful and loyal Year of the dog coins are available in gold and silver:
Also, an update and suggested links to support your investment decisions, from our colleague David Mitchell
An update from our colleague David Mitchell – Sunday 14 January 2018
The US$ has been hit across the FX markets, on the back of the ferocious attacks on Trump and impeachment worries, plus global US Treasury demand falling away, seems the markets are all running to one side of the boat (we know what happens when the structure of the market is totally one sided – it reverses violently in crisis) , even though the crazy US tax cuts is going to lead to massive corporate overseas funds being drawn back to the USA (buying US$) but also the increase in US public debt and deficit increases sharply coming down the train tracks.
We also have the world debt crisis escalating exponentially and the overall US$ carry-trade is now reported at over 25 trillion US$ (market short US$ and will have to buy to unwind) by the BIS themselves.
The world is heading for a spectacular global sovereign debt crisis (even Goldman Sachs and the FED themselves are now talking about it), which will push interest rates higher (higher rates are positive for gold price!)
A perfect storm indeed for a very dynamic and substantial metals revaluation in the years ahead.
Thought you might like these articles plus another video to give a clearer picture of what is really going on.
“Once stocks begin to collapse in the wake of Fed hikes and balance sheet reductions (and they will), and uncertainty in the fate of the dollar swells, gold will bounce back stronger than ever. In the meantime, I would treat any drop in precious metals as amajor buying opportunity. Gold is one of the few assets that always does well during times of crisis.”
Due to unprecedented global market demands, we are experiencing significant delays in our current metal supply chains. With some of our major suppliers temporarily shutting down due to these extreme conditions, determining how long these supply delays will be is very difficult to estimate.
In these incredibly volatile market conditions, we are conscious that our customers need the ability to lock in their metal requirements at these once in a lifetime pricing levels, so we will continue to accept all orders placed in store and on our website. Please note however that we cannot determine at this stage when some items will be available for physical pickup or delivery.
We have developed our state-of-the-art back end systems to accommodate an event such as this, so please be assured that all orders will be honoured and delivered at the price locked in by the customer. We do however please ask for your patience with the availability of your purchased items as we navigate through this very testing market situation.
Please stay safe and our best wishes are with all of you over the coming weeks.