Insider information for Gold
Hedge fund algorithm which provides an estimated value of Gold with no regard for how high or low a particular issue goes, relative to historical norms.
1Q, 2016: $1020 - $1048
2Q, 2016: $985 - $1005
3Q, 2016: $921 - $983
4Q, 2016: $875 - $918
1Q, 2017: $839 - $863
2Q, 2017: $798 - $820
3Q, 2017: $685 - $742
4Q, 2017: $549 - $622
1Q, 2018: $502 - $568
2Q, 2018: $460 - $531
3Q, 2018: $388 - $403
4Q, 2018: $279 - $374
If gold will go to $350/ounce, there will be no buyers. How will gold get sold ? So gold price will remain at $800/ounce to $1100/ounce. Without buyers, sellers are puppies.
At $400/ounce, gold investors will lose 15 years of profits.
I can say this...Mining and extraction is an oil intensive operation.Lots of heavy equipment and machines.With Oil bottoming like it is I would guess the mining, and extraction costs would go down, as well as the commodity price?The next biggest consideration would be Man-Hours, or Personnel Costs? Minimum costs for mining and extraction should be considered.
If gold goes to $500/ounce, there will be no investors till 2020. Gold is luxury. An American paid $170 million for a nude painting.
Employee of a hedge fund got the information.
IF gold EVER goes THAT low, that would have meant that there was a SEVERE contraction in global money supply.AND that would have meant that WWIII in earnest would have long since begun and is over, AND that would mean that there are very few ppl walking the planet, much less driving or doing anything else but looking for food and shelter if there is ANY to be found.
2,000,000 gold bars. Each gold bar weighs 10 kilos
Russia leads global gold purchases to reduce reliance on US dollar
According to the WGC, central bank net purchases reached 651.5 metric tons in 2018, 74 percent higher than in the previous year when 375 tons were bought. It has estimated that they now hold nearly 34,000 tons of gold.The industry research firm said that central banks bought the most gold by volume since 1967. It was the largest amount since former US President Richard Nixon’s decision to end the dollar's peg to bullion in 1971.
The amount of gold bought by global central banks in 2018 reached the second highest annual total on record, according to the World Gold Council (WGC). The report noted that Russia bought the most gold last year.
6,000,000,000 shares sold of 4 companies owned by Anil Ambani
Creditors sold a total 5.5 billion shares in four companies -- Reliance Power Ltd., Reliance Infrastructure Ltd., Reliance Communications Ltd. and Reliance Capital Ltd. -- leading to a 3-to-8 percentage-point reduction in founders’ stakes in these firms, according to filings. The sale is “illegal, motivated and wholly
unjustified,” the group said in a statement. Lenders dumped shares of Anil Ambani group companies they held as the value of their collateral plummeted about 126 billion rupees ($1.8 billion) this month, adding to the litany of woes plaguing the Indian billionaire.
Gold and Insurance scam
When you take insurance policy, you pay $200 or $1000 per month as premium.
Other way, you do not take insurance and with the same money ($200 or $1000/month) you can buy Gold. Gold is safe haven and an insurance policy itself. Gold price goes up +15% or more in a year.
Actually, financial world is a giant scam when there is always Gold as the safest investment.
My father got 40% interest for his life insurance after 14 years on maturity. Gold went up from $100/ounce to $400/ounce in those 14 years. At age 65, my father would walk 4 miles in one go. My father told me "I should not have taken the insurance".
I am saying Example: You pay $500 insurance premium or you can buy $500 Gold and Gold goes up +15% in a year. Look at $500. Insurance companies earn billions of dollars profit by putting fear in the minds of people. They are fear mongers. I am age 41. Never took any insurance. Income below taxation limit.
if 500,000,000 people die/get killed in 8 years, financial world will crash (stock markets, banks etc..).
1 out of 500,000 flights (airplanes) crash.
50,000 people are killed by snakes each year in India when India's population is 1,100,000,000 people.
it could be 10 out of 10,000 people are killed in road accidents, snakes etc..
By law, all cars/vehicles/automobiles should have speedometer of 60 miles per hour only so that no car/vehicle/automobile in the world travels above than 100 kmph. As they say 'speed kills"
Don't you think insurance has a bad business module ?? They know people live upto 70 to 80 years but things can go wrong.
Indian billionaire Subroto Roy has to pay Rs 25,000 crores. Subroto Roy owner of "Sahara Group" cheated/scammed everybody by saying "his ambi valley is worth Rs 40,000 crores"
Buyers are paying Rs 8000 crores or $1.2 billion only for ambi valley. Financial cartel can get into BIG trouble.
Ambi Valley is some real estate property in India where they hyped/rigged the price to $7.5 billion.
Lloyd's of London blames £1bn loss on natural disasters
Lloyd's of London has reported a second consecutive year of losses after a series of natural disasters including hurricanes Florence and Michael and the deadly California wildfires. The insurance market reported a £1bn loss, halving its 2017 loss of £2.1bn.
As I said "insurance companies can go bankrupt"
46000 home buyers did not get apartments
46000 home buyers did not get apartments from Amrapali Group India when Indian star cricketer/former captain "Mahendra Singh Dhoni" was the brand ambassador from Amrapali Group. Dhoni appeared in advertisements for 5 years.
It is all about the game and how you play it.
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