Sept 13, 2012 - George Soros is Buying Gold
Love him or hate him, George Soros is a man to listen to. With billions of dollars in funds, he has the expertise and the connection that make him someone who is widely respected for his financial expertise. Lately it has been shown through filings with the SEC that Mr. Soros is now buy multimillion dollars worth of gold exchange traded funds. Following in his footsteps are other large billionaire hedge fund managers who are also buying gold. What do they know that the general population doesn't? That the U.S. currency is being debased by all the money printing by the Federal Reserve.
For the current year, the China Gold Association, with an increase in gold production in China and a continuing increase in gold and silver prices. Last year, Chinese producers, according to the specifications of the China Gold Association (CGA), 340.88 tons of gold have promoted. Compared with 2009 this amount corresponded to an increase of 8.6 percent. The association now expects for the current year with a continued increase in gold production in China: An increase of 10 percent is expected for 2011.
CGA Vice President Cui Jianguo is also from a rising gold price, "In the second half of the gold price will rise definitely, because the underlying factors for the recent price rise has not changed. There is the European debt crisis, as are Libya and all types of economic uncertainty, "he said, according to IB Times recently told reporters.
The number of gold producers in China in the past two years, allegedly due to takeovers and mergers shrunk from 1,200 to 700. The ten largest supporter of the country are responsible for nearly 50 percent of China's total gold output.
Market researchers expect this year, an increase in gold demand in the manufacturing (jewelry, electronics, medicine) by 5 percent. Despite the high price of gold: The use of gold in the manufacture of jewelry, industrial production and in medicine will grow this year by 5 percent. At least, going from the CPM Group in a recent study.
It would be the biggest increase in this specific demand for gold since 2000. The CPM data shows that demand in this segment last year by 0.6 percent to 76.8 million ounces worldwide (2,388 tons), which accounted for the vast majority of them on gold jewelry.
By comparison, the investment demand last year reached 33.8 million ounces (1,051 tonnes). The total gold demand in 2010 was estimated at 3812.2 tonnes.
click for information on silver prices.
Advantages of Acquiring Gold As an Investment
Buying gold coins is not any harder than buying coins due to the silver prices. There are similar gold and silver coins. You have the choice of buying silver coins or gold coins in non-numismatic or numismatic coinage. We are told to only buy non-numismatic coins as it contains a higher gold value per ounce.
Coins are manufactured in several different sizes with each company will probably feature it truly is own brand or layout on the coin. The sizes may differ from under an ounce to much bigger sizes, however the industry recognized standard may be the one-ounce version. The main one ounce coin typically consists of a single full oz . of ninety nine.9% pure silver along with often a little bit of copper combination added to the minted process to give the concluded product a far more durable as well as scratch proof surface.
Additionally,the Philharmonic coins is viewed as the most popular gold coin with Europe. In 2008, in the global financial crisis, the particular sales on the Philharmonic surge higher than the Us Eagles. People are moving from paper currency into gold, as it is an excellent protection from economic dangers and the cost of living.
read more about gold and silver prices
Love him or hate him, George Soros is a man to listen to. With billions of dollars in funds, he has the expertise and the connection that make him someone who is widely respected for his financial expertise. Lately it has been shown through filings with the SEC that Mr. Soros is now buy multimillion dollars worth of gold exchange traded funds. Following in his footsteps are other large billionaire hedge fund managers who are also buying gold. What do they know that the general population doesn't? That the U.S. currency is being debased by all the money printing by the Federal Reserve.
For the current year, the China Gold Association, with an increase in gold production in China and a continuing increase in gold and silver prices. Last year, Chinese producers, according to the specifications of the China Gold Association (CGA), 340.88 tons of gold have promoted. Compared with 2009 this amount corresponded to an increase of 8.6 percent. The association now expects for the current year with a continued increase in gold production in China: An increase of 10 percent is expected for 2011.
CGA Vice President Cui Jianguo is also from a rising gold price, "In the second half of the gold price will rise definitely, because the underlying factors for the recent price rise has not changed. There is the European debt crisis, as are Libya and all types of economic uncertainty, "he said, according to IB Times recently told reporters.
The number of gold producers in China in the past two years, allegedly due to takeovers and mergers shrunk from 1,200 to 700. The ten largest supporter of the country are responsible for nearly 50 percent of China's total gold output.
Market researchers expect this year, an increase in gold demand in the manufacturing (jewelry, electronics, medicine) by 5 percent. Despite the high price of gold: The use of gold in the manufacture of jewelry, industrial production and in medicine will grow this year by 5 percent. At least, going from the CPM Group in a recent study.
It would be the biggest increase in this specific demand for gold since 2000. The CPM data shows that demand in this segment last year by 0.6 percent to 76.8 million ounces worldwide (2,388 tons), which accounted for the vast majority of them on gold jewelry.
By comparison, the investment demand last year reached 33.8 million ounces (1,051 tonnes). The total gold demand in 2010 was estimated at 3812.2 tonnes.
click for information on silver prices.
Advantages of Acquiring Gold As an Investment
Buying gold coins is not any harder than buying coins due to the silver prices. There are similar gold and silver coins. You have the choice of buying silver coins or gold coins in non-numismatic or numismatic coinage. We are told to only buy non-numismatic coins as it contains a higher gold value per ounce.
Coins are manufactured in several different sizes with each company will probably feature it truly is own brand or layout on the coin. The sizes may differ from under an ounce to much bigger sizes, however the industry recognized standard may be the one-ounce version. The main one ounce coin typically consists of a single full oz . of ninety nine.9% pure silver along with often a little bit of copper combination added to the minted process to give the concluded product a far more durable as well as scratch proof surface.
Additionally,the Philharmonic coins is viewed as the most popular gold coin with Europe. In 2008, in the global financial crisis, the particular sales on the Philharmonic surge higher than the Us Eagles. People are moving from paper currency into gold, as it is an excellent protection from economic dangers and the cost of living.
read more about gold and silver prices