Regardless of whether you trade, mine, recycle, or deal in precious metals, the most important thing that you need to know is how to price them accordingly. However, this is quite difficult as pricing precious metals such as gold is not as simple as determining that values of assets like fixed income and equities.
The last quarter of 2018 was the worst quarter for the global stock markets since 2009. However, the nightmarish period for stocks offered a great opportunity for cryptocurrencies to showcase their safe haven qualities similar to gold. But, unlike gold that was able to rally, virtual currencies like bitcoin didn’t perform as well, and fell as they proved to be risky assets.
Although a lot of comparisons have been said between cryptocurrencies and gold, there is a number of reasons that suggest that cryptocurrencies cannot ably substitute for gold. For one, gold is not as volatile.
In the past decades, there has always been a recessing trend in the rare coins and collectibles market. However, the same market has experienced an increasing interest in recent years. For this year, the sale of US gold coins (and collectibles) has been a hot topic among collectors. However, these collectors are not looking for random-year coins.
The financial market proved to be quite tricky for the first half of 2019. Stocks were able to regain their losses in April, yet lost them again the month after. Indeed, it was a period of instable investments. Fortunately, stocks recovered by June.
To the consternation of stakeholders, central banks brought global bond yields to both low and high spots, casting a shadow of uncertainty in the global financial scene. It is quite interesting to note, however, that the price of gold skyrocketed, making it one of the best assets to profit from.
Nearly everyone knows that gold is valuable. However, some people aren’t aware that the value of the precious metal isn’t fixed. Many factors affect it.
One of which is monetary policy. The impact of monetary policy on gold isn’t immediate but it’s significant.
Monetary Policy Defined
Independent central banks implement monetary policy to attain macroeconomic goals for their respective countries. These goals include high economic growth, low unemployment and low inflation.
The year 2019 looks like a great time for gold investors as central banks return to gold. And this is for good reason too. Central banks have been steadily buying more gold since 2010. Last year, 2018, gold purchase peaked at 651 tons, which is 74% higher than 2017’s gold purchase.
People are suddenly thrown off their comfort zones when their marriages go awry and end up in a divorce. Aside from having to arrange for new conditions regarding conjugal properties, shared finances, and custody of the children, wedding mementos such as rings also leave much to decide about.
Facebook is a social media platform that’s mostly used for entertainment and communication. These days, however, aside from being a hub for those who wish to connect with others, the site is being used for selling things—similar to Craigslist. And this is done through Facebook Marketplace.
Garage sales are perfect for preppers to find survival items at very low prices. A lot of people who hold garage or yard sales don’t have any clue about the true worth of their items, and how useful they can be to others. Thus, they are willing to sell them for almost nothing just to get rid of them.