Gold has had a very good year… but what does the future hold? Tony Coleman shares his thoughts.
Gold opened the year at $1,910 (US$1,275) after a very quiet 2018 Q4 where it moved sideways. Gold tested the US$1,350 level four times in 2018 and just kept bouncing off resistance. It repeated the process in February and then finally in June, due to increasing trade tensions with China the yellow metal blew through resistance to finally top out at $2,400 (US$1,566) on September 4th.
ABC Bullion National Conference in Sydney
John Hunter, Customer Relationship Manager recently attended the ABC Bullion National Conference in Sydney with very special guest speaker James Rickards – American lawyer, gold speculator, media commentator, author and precious metals expert.
Deciphering the jargon
If you’re new to buying gold then deciphering the jargon can be a challenge. We get a lot of questions from first time buyers as to whether it is better to buy locally manufactured gold such as our NZ Pure range or bars from internationally accredited refineries such as PAMP. Materially, gold is gold and there is no difference between the two – but understanding what’s what and arming yourself with information is something we recommend.