GMRgold Blog

Buying gold in wholesale refers to purchasing gold, in various forms, in bulk, and selling it again once the prices rise. However, realistically, everyone is not capable of buying gold in huge quantities due to the high price of gold. However, several other factors also contribute to it, such as transport and storage issues. Most wholesale buyers of gold are companies, not individuals, so they store it in bank vaults and other secure places. When buying gold in wholesale, all factors narrow...

In 2009 the US dollar fell sharply before going up but it couldn?t sustain the price and fell one more time in 2011. As a result, banks, who were once eager to sell gold, started buying it abruptly in an attempt to lower their reliance on the US Dollar as their reserve currency. They intended to convert all their cash to gold. This was a time when gold was expected to rise to 2000 US Dollars due to more countries showing interest in the shiny metal. This was predicted by Robert McEwen, the...

Search for gold prices and you will come across several pages and websites covering the ever-changing value of gold. Even news channels provide information on gold prices so that buyers and sellers are aware of the changing scenario. But, what if we tell you that what you see online or on television is not the actual price of gold, but only a mere estimate which is a result of a prediction based upon consumers' behavior in the future, and that the actual cost of gold is even higher than...

The gold standard is one of the most discussed topics. Powered by banks, gold fund managers, and the general public, it developed due to the continuous increase in the price of gold, which allowed everyone to buy more gold to preserve the value of their wealth over a considerably large period. Central banks, who were gold sellers, shifted towards buying it. Countries with stable economies restrained themselves from selling it, and countries with a surplus converted all that surplus to gold....

Countries all over the world are in a phase of an unspoken race: a race to buy as much gold as they can in order to defend and back up their currency. It seems that the USA is leading this race, but if we have a micro look at the numbers, we?ll realize that Switzerland tops the list. From a per person point of view, the USA stands at the ninth position, surprisingly below countries like Lebanon and Portugal. This is because the majority of the gold reserves of the USA are held by the...