Precious Metals Forum

Precious Metals Forum

On Tuesday (SeptemPrecious Metals Forumber 20) in the Asia-Pacific session, international spot gold rebounded. After Standard and Poors downgraded Italy's long-term and short-term sovereign credit ratings by one level and placed the rating outlook on negative observations, the momentum for risk aversion increased.

A report provided by the Russian Federal National Security Agency (FSB) shows that Kahn has evidence of the missing or missing 191.3 tons of gold reserves in Fort Knox in northern Kentucky, the United States. This is an important reason for his arrest by the US intelligence agency. . Starting on June 3, similar news flooded the news channels of major websites. The news mentioned that the person who broke the news was actually Russian Prime Minister Putin.

After the gold price experienced fluctuations in September, the trend has gradually stabilized in recent days. How is the gold price outlook? Some analysts believe that gold prices have surpassed platinum prices on a large scale for the first time in 19 years when the currency is on the brink of collapse and inflation. For this unusual inversion phenomenon, the voice of the restoration of the gold standard has once again surfaced, and the price of gold will resume its upward track next year. The quarter is expected to rise above 2200 US dollars.

The geopolitical crisis has a greater impact on gold prices. Generally speaking, major political and war events in the world will affect the price of gold, especially the war in the Middle East, because the rise in crude oil has a greater impact on the price of gold. Events such as the Middle East War, the Islamic Revolution in Iran, and the Iraq War in history have all pushed the price of gold to rise sharply in certain periods.

In early 2008, under the impact of the financial crisis, the price of precious metals rose sharply. In just a few months, the international platinum price soared from around US$1,500 per ounce to a historical peak of US$2,273 per ounce. The domestic platinum price has also skyrocketed. In March 2008, the price of platinum was more than twice that of gold.

However, there are many gold investment products on the market. Which proPrecious Metals Forumduct is better to invest in? Wang Jian, vice president of Beijing Gongmei Group Co., Ltd., said that if it is purely for investment, it is necessary to consider the maximization of returns. Investing in gold and silver bars is the first choice. At present, there is great potential for investment in silver bars. The 1kg, 3kg, and 15kg products jointly manufactured by Gongmei and Broadcom have the advantage of low purchase prices, close to the trading price of silver raw materials on the Shanghai Stock Exchange, and have the repurchase function, which can be realized at any time .

The total demand in the first quarter of 2020 decreased by 5% (down 3 tons) from the previous quarter to 51 tons. At the same time, total supply decreased by 19% (down 13 tons) from the fourth quarter of 2019 to 55 tons. This resulted in a surplus of 4 tons in the first quarter of 2020.