BullionVault

Why are the world’s Central Banks buying more gold?

Action on the gold market has been a little flat over recent months, to say the least. The price has moved up and down on a regular basis since the beginning of the year, but not dramatically up or dramatically down. So what is going on? Well a number of factors have contributed to gold’s …

Don’t sell your gold after the total collapse of law and order. Sell it just before.

  Plenty of people think gold will make them rich if and when we dive into total economic collapse. The theory goes that if paper money becomes worthless, the value of gold will skyrocket. Suddenly everyone with a few gold coins in hand will become immeasurably wealthy. Well, there is a problem with that scenario. …

Herds of foolish people buy gold when the price is rising fast. Wise individuals buy during corrections.

People behave in curious ways. And human behavior when buying gold is no exception. But before we focus on gold, let’s take a look at when and why people buy just about anything. Look back to the tech bubble of the late 90s. Smart investors jumped in early. Amateur investors kept on buying as technology …

If gold prices are meant to be going up, how come they are going down?

This third week of September has been nothing short of tumultuous. Gold prices have taken a huge beating. On the face of it, the decline in gold prices appears to make little sense. It’s not as if the economic outlook in North America or Europe is getting any better. Greece is in a mess, several …

Leaked documents reveal China is buying gold to weaken the US dollar as the world’s reserve currency.

Once again, Wikileaks gives us an insight into areas most politicians would prefer stay hidden. Here is an excerpt from a cable published by Wikileaks, and sent from the US Embassy in Beijing in April, 2009: 3. CHINA’S GOLD RESERVES “China increases its gold reserves in order to kill two birds with one stone” “The …

Buying gold bullion is like establishing your own personal bank reserve.

National central banks buy gold bullion for the security it provides. While currencies can become devalued to such a degree that they become almost worthless, that won’t happen to gold. Gold prices may rise and fall, but they will never fall to zero. In fact, at the exact time that paper currencies go into free-fall, …

Buying and owning physical gold can be a great way to build your savings.

First, let me qualify that headline by saying this applies only if gold continue to at least hold its value. If the price of gold suddenly drops significantly, then your savings will take a corresponding hit. So while using gold as vehicle for savings has been a good bet for several years now, there is …