Browsing Category: "gold"
Bullion Vault could be a safe haven for battered investors…
It seems that all I’ve written about over the last few months is online investment programmes that have failed. Without wanting to stir too many bad memories we had Gold Nugget Invest, Genius Fund and latterly PTV Partner. These seemingly genuine programmes ultimately fell and many people will be left disappointed and in some cases out of pocket.
To try and remedy some of this doom and gloom for myself I head back to my account at Bullion Vault to see how that is getting on. With the recent rise in gold prices I’m pleased to see that not only is my investment profiting but that the site is well established and managed.
For those who may not know Bullion Vault is an online service where any individual can purchase gold bullion and have it held in established vaults in either Zurich, London or New York. When I first started to put some money here I was able to easily set up a monthly transfer which gave me the chance to purchase the precious metal at good prices. As you can buy gold from 1oz upward this makes it an easy way to create value in this well known hedging instrument.
Of course this shouldn’t be the only place you put savings but as a long term investment opportunity it is a sensible part of any long term strategy.
The price of gold has recently shown signs of edging higher again and depending on who you believe there is still a lot of value to be had over the short to medium term,
The company pride themselves on the quality of service they provide and encourage new investors to try what is on offer by providing a free gram of gold that you can test the system with. Security is a high priority with the ability to set up alerts around the use of the account.
They also provide a very useful section on articles dedicated to the gold market so if you want to learn about this particular investment option that would be a good place to start,
Gold at $1100 an ounce is still cheap…
The title of this post reflects the view of respected commodities commentator, Marc Faber. His views recently reported suggest that at $1100 an ounce gold is actually cheaper than it was when it was $300 an ounce in the past.
“Faber explained that gold price should be treated in the same way that a company’s stock is being treated by investors. “A company’s stock could be less expensive at $100 than when it was selling for $10, because earnings growth has outpaced the appreciation of the shares and therefore its P/E has declined, gold could be cheaper at the current price than when it was at less than $300 because of the explosion of foreign exchange reserves in the world, zero interest rates, the huge debt overhang, and the expectation of further money printing,” he said.”
Another factor to take into account is who will be buying the precious metal over the coming year. Analysts are looking to China as a potential purchaser given the country’s nervousness about the US$.
Now, debate about the price of gold is like any investment field, there are always as many bullish views as their are bearish and so you should exercise caution when trying to make a decision for yourself. Personally the bullish argument is stronger in my opinion and that is why I have bought physical gold from Bullion Vault.
This is an extremely efficient way to buy this particular commodity as they are able to offer good prices and low dealing costs. In fact, they are also now dealing in silver bullion as they see this as a growth area for the future.
With predictions for gold ranging from $1500 all the way up to $5000 an ounce there is still plenty of scope for profit and you should consider including the metal as part of your portfolio. We may still see pullbacks in the short term but hopefully the future will see good rises.
So what’s with all this Gold talk then…
There seem to be an awful lot of commentators with an opinion on just where the price of gold is heading. Recent increases have focused attention once again on this precious metal. Of course there are both bulls and bears putting forward what they think, only time will tell what the outcome will be.
Personally my Bullion Vault account is now looking very healthy and as a way of diversifying my investments this is currently a success. The question is will this upward climb continue or will the bottom drop out of this particular market?
Reading various reports I’d say the balance is in favour of a rise in the value especially over the long term. You can take your pick as to where the price will end up but I’ve seen figures ranging from $2,000 to $6,000 an ounce over the next 12 to 24 months.
I think it is clear that holding gold as part of your investment portfolio is a wise move and Bullion Vault is for me the most convenient and economical way to do it. You are able to fund your Bullion Vault account from your bank account so there is a quick and easy path for funding.
You can choose to hold your gold in London, Zurich or New York (or a combination) and you receive regular statements on your account. The security is first class and you are immediately notified if your account is accessed so that you know just what is going on.
Whether you decide to invest a portion of your funds in gold is a personal choice but overall I think that it is a wise move given the positive reports circulating at the moment.
All that glitters is gold…
In the UK over the last few weeks you can’t turn around without seeing an advert offering to take off your hands any gold you might have. The idea is that the companies who advertise will give you a good price for any gold jewellery or the like that they can use.
Unfortunately not all of these companies are reputable and many people are being caught out and not receiving the true value of what they have.
This sudden upsurge is being driven by the bull market in gold at the moment and many commentators are suggesting that the value of gold can only get higher.
Personally I invest in gold but in a much safer way. I have an account at Bullion Vault and am extremely happy with their service.
This is an online service where you can buy and sell gold bullion at the best prices. You don’t have to take delivery of any bullion as it is all securely held in strongrooms in New York, Zurich or London. With the highest level of online security I have seen you can be sure that Bullion Vault will look after your interests.
When I began investing I set up a standing order with my bank to transfer a fixed amount on a monthly basis into my Bullion Vault account. This meant that I could purchase small quantities of this precious metal knowing that as the price rose I would benefit from the increase.
As many investment experts tell us it is important to diversify our funds and that is one reason why I joined Bullion Vault. Given that expectations are very good for gold I feel that joining Bullion Vault was a wise move at a reasonable outlay.
There aren’t any really negatives that I can mention about Bullion Vault except perhaps I wish I had more funds to put with them. When you sign up you will receive a nominal credit in your account so that you have a chance to test things out. I’d be very surprised if you weren’t impressed.
Using Precious Metals as a Passive Income…
Towards the end of June I wrote a post about a programme that was introduced to me by one of our readers, Don Mills. The programme, Imperia Invest is still going well and Don has been busy unearthing another opportunity that he wanted me to learn about.
This one, Jvothi Futures is based in Dubai and focuses on trading precious metals at the Dubai Gold & Commodities Exchange. The return varies between 7 and 9% per week and your money is tied up for 150 days. So, if you were to invest $1,000 then after the 150 days you would receive returns between $1,500 and $1,930 if you choose not to compound. This way you could make withdrawals on a weekly basis. If you select the compounding option then the potential returns increase to between $3,200 and $5,300.
They use Egold as a way to invest if you choose not to compound and provide a list of exchangers that you can work with. However, if you choose the compounding option then there are several other payment methods including e-bullion currency and gold, pecunix, c-gold and v-money. They are looking at introducing bank wires, western union, moneygram and paypal in the future.
Minimum deposit is $50 with the maximum being $10,000,000 (probably covers most of us I think!).
There is a lot of information on the site and one page that I found of interest is the one that deals with the Trading System. As I’ve said in many previous posts I’m a big fan of precious metals and if you do not feel comfortable in purchasing the metal yourself Jvothi Futures is a good way take advantage of the value that can be realised in this form of investment.
Finally, if you haven’t yet tried Don’s first recommendation, Imperia Invest then now is a good time as it offers great value for a very affordable $50 investment.
Take ownership of Precious Metals…
Dr. Russell McDougal is someone who knows what he is talking about when it comes to commodities. He has dedicated years of study and investing in the natural resources exploration sector. During that time he has closed out DOZENS of gains of 500%… 1,000%… 2,000% and more! Currently he is sitting on multiple thousand percent winners, including one stock that is up a whopping +5,000%.
So, when I read the latest article by Russell in today’s Investors Daily Edge I was very pleased to see that he is trumpeting the need to hold physical gold and silver as part of a portfolio. He, as many other commentators, believes that the US policy of printing more money is a road to inevitable disaster. Holding physical quantities of gold and silver provides some defence against the problems to come.
He recommends buying metal in the form of coins where you pay a premium over the spot price but this should easily be compensated for as the value of the underlying metal rises.
Interestingly he makes the point that the current price of precious metals is being manipulated by the market to keep it low. Future predictions see the price rise significantly as the currency woes unwind even further. I’m probably beginning to sound a bit like a broken record about this subject but I feel that everyone should hold some gold and silver in their portfolio (actually I hardly have what could be called a portfolio, more a varied collection of investments that I hope will flourish when I need the funds!).
I purchase gold from BullionVault where your metal is held in vaults of your choice (London, Zurich or New York). As this is a way to buy gold directly the cost is very competitive and you can rest easily knowing that your investment is held securely. I prefer this over buying coins for two reasons. Firstly I don’t have to worry about keeping them safe and secondly the price I pay is less than I would have to pay for the equivalent amount of gold in coins.
To my knowledge there isn’t a similar service for silver bullion so I have to purchase coins. Again, this is done on a monthly basis and my collection is beginning to grow nicely.
So, it’s good to note that my liking for precious metal is endorsed by an expert in the field. I’d encourage you to read the article as it contains some very useful insights into why precious metal should be a key element in your investment strategy. I’d also recommend signing-up for the Investors Daily Edge daily newsletter as it provides an excellent source of reference for anyone interested in learning about investing in a range of markets.
Referral Post 008…There’s gold in them thar hills
Markets are tumbling across the world as problems unwind in the USA caused by the sub-prime mortgage market. Both the US Fed and the European Central Banks have waded in to prop up the markets by providing liquidity in the form of US$38 billion and ‘unlimited’ funding in Europe.
A recent article at BullionVault made some very telling points about the current situation and I quote:
“The fact that it (FED) went out of its way to accept mortgage-backed bonds as collateral shows you what the real intention of the Fed’s actions was: to avert more panic selling and liquidation of mortgage-backed securities, especially by traumatized hedge funds. Even though the Fed bought the market a reprieve, it didn’t solve the fundamental problem facing the $2 trillion subprime mortgage market.
No one really knows what all these mortgage bonds – and mortgage derivatives – are worth, because there aren’t any buyers (although that might give us a hint of what the market really thinks the bonds are worth). It is one thing for the Fed to accept them as collateral for short-term loans. It is quite another thing for real buyers to emerge in the market”.
You can read the full article here.
The Yen carry trade is also weighing heavily on traders as they liquidate their positions so that they can pay back their debt on the strengthening Yen.
So, it’s no real surprise that the price of gold (and in fact all precious metals) is seeing a decline during these turbulent times. Should we be worried about this as we’ve always been told that gold is a ‘safe haven’ when markets fall as investors seek the relative stability of the precious metal. Personally I believe that the heavy liabilities being met at the current time are depressing prices and once things settle down then gold should again rise.
This is then probably a good time to look at buying gold as the price lowers. The whole process is very straightforward at BullionVault and the high security levels of the site provide added comfort that transactions are safe. As the banks continue to literally print money to prop up the markets the case for holding a limited commodity can only grow and dealing at BullionVault is a simple way to do that.
Referral Post 003 – Diamonds can be an investors best friend…
We often hear talk of diversification as a way of reducing risk and creating a sustainable investment portfolio. I’m keen on this strategy and think there is much to be gained by following it. Clearly there are many ways to diversify, one which I like is to have something precious. In the past I’ve mentioned that I invest in gold and silver as they both represent good hedges against the devaluation of currency that is continually happening.
One of the great attractions for me about gold and silver is that there is a finite supply (to all intents and purposes) so as demand increases and supply diminishes the values of these metals should rise. Increasingly there are reports that miners are having to go deeper and increase capital expenditure to find more precious metals and as investors this can only be good news.
Somewhat in a similar vein I’m now looking at investments in precious gems such as rubies, sapphires, opals and more specifically diamonds. Again, the law of supply and demand should figure highly in ensuring that values increase over time. Now whilst it’s fairly easy to buy gems set in rings, brooches or pendants this does mean that much of the intrinsic value is lost as they are already ‘worked’. It would be better to own the raw gems themselves as this then provides a way to trade them in the future.
One investment that I’ve recently joined is Diamond Cash Club as they provide a way to own gems and diamonds. The principle of this offer is based on a matrix structure where you only need two people in your downline to be successful. To help new members recruit it’s advisable to join an organised team as they help to recruit the downline you need. I’ve joined theDCCTeam as they are very active and have created a very supportive environment for building membership.
So, how does it work. Well the cost to join Diamond Cash Club is $220 which splits $200 for a gemstone voucher and $20 for administration fees. The good thing is that the gemstone voucher which costs you $200 is actually worth $300 retail which you can redeem online at the approved gemstore linked to the site.
When you purchase a gemstone voucher you join a matrix where you should be looking to sponsor just 2 other people. When you achieve this you will be able to progress through the matrix. As I mentioned it’s advisable to join a team such as DCCTeam as they will help you to obtain the two sign-ups if you need them to.
As you go through the various matrix levels you will cycle out until you reach the diamond level where you will receive $8000 and a $6000 diamond. So, for an initial investment of just $220 there is great scope to achieve both a great financial return and own a diamond as well. It’s worth saying that once you cycle out of the Diamond level you will be re-entered to begin the cycle again.
Gold bullion as a way of diversifying…
Gold bullion has always been a very attractive investment medium for the wealthy as they recognise that it is a rare metal and this rarity provides a high market demand which outstrips supply. For those who are less well off ownership of gold has never been that easy except in the form of jewellery or coins.
One company that seeks to redress the balance by providing gold ownership at reasonable costs is Bullion Vault and they are attracting a well respected reputation for their service. I have belonged to Bullion Vault for some 4 months now and am steadily increasing the amount of gold I own. Because of the very competitive charges available and the fact that you can have your gold stored in either New York, Zurich or London the company is in a very strong position to prosper on their reputation.
If you keep abreast of economic affairs it should not escape your notice that governments are printing money to try and alleviate many of the problems that they have created over the years. This will lead to devaluation of currency and therefore less buying power for those who hold currency. One way to counteract this problem is to invest in gold as it has proved to be very resilient in keeping its value over time.
Paul Tustain, a Bullion Vault director made a presentation at the IX Investor show in the UK where he described in detail the case for gold as an investment. The information shown in the presentation is well worth reading as it provides the historical context for gold and how successive governments have abandoned any link between their currency and the precious metal.
As you can purchase gold in small quantities through Bullion Vault it provides a perfect vehicle for regular savings and this is how I operate. Each month I transfer a sum from my bank account where I can then buy gold to add to my account. As online investors we need to make sure that diversification is one weapon in our armoury and this is a good example.
E-gold and Bullion Vault news…
This week two companies that have dealings in gold were in the news. Firstly it seems that the US Government in their tireless crusade to put a strait jacket on every one of their citizens has filed an injunction against the principals of 1mdc that is a partner company of e-gold. It seems that the US Government has forced e-gold to block all 1mdc accounts. It’s still not totally clear what further steps will be taken but it is hoped that as the courts re-open on Monday more will be known.
As of this post the e-gold site is functioning normally although several companies have instigated a freeze on transactions with the e-currency provider. As typically happens when something of this nature occurs many people jump on the bandwagon of speculation and forsee a dire future for companies such as e-gold. Personally I would rather wait and learn exactly what allegations are being made and the evidence for them. I was heartened to see a similar approach being taken on the informative No BS HYIP where Jude the owner has posted what I believe to be a considered and thoughtful view on the matter. If only others could be so reasoned.
It seems clear to me that the US Government is trying as hard as possible to restrict freedom of choice for its citizens whilst at the same time putting up a shield of justification against wrong doers. I’m all for catching the bad guy but not at the expense of millions of hard working people.
The second gold related company in the news this week is Bullion Vault whose CEO Paul Tustain advised members that they are re-locating their bullion deposits from Brinks Inc to a Swiss company, Viamat. The company has been around for 62 years and performs many of the same gold bullion related tasks in Switzerland that Brinks Inc does in the US. Whilst no specific reason was given for why Brinks Inc no longer want Bullion Vault business the change is seen as positive as it removes focus from a US based company to a Swiss based one.
This does not mean to say that members can’t still have their gold stored in the US as Viamat have facilities there as well. Personally I’m quite happy to stay far away from any US involvement so am happy about the change.
