World Gold Council
02 апреля, 02:19

Ian Poulter clinches Masters place with dramatic play-off win at Houston Open

• Poulter edges out Beau Hossler in sudden-death play-off• ‘It’s going to take a little while to sink in. I’m super excited’There must now be a clear and present danger of the Masters proving anticlimactic. Ian Poulter, a player utterly dejected when sharing 123rd place after the opening round of the Houston Open, a player wrongly informed he had qualified for the Masters before falling to a heavy defeat at the WGC Match Play and a player who needed to convert a birdie putt from 19ft to prolong that Augusta dream, is a winner once again. The circumstances of Poulter’s triumph belied sceptical theories about golf’s lack of appeal.Poulter strode to victory in Houston, at the first play-off hole against the earlier inspired Beau Hossler, in a manner that summed up his ferociously competitive attitude. This marked his maiden strokeplay success on the PGA Tour. The additional prize is so crucial: Poulter will be afforded the 87th and final Masters spot. Continue reading...

28 марта, 02:00

World Gold Council and International Islamic Financial Market collaborate to improve access to gold market for Islamic investors

Today, the International Islamic Financial Market (IIFM) and World Gold Council led the IIFM-WGC Industry Consultative Meeting on Gold Documentation and Products Standardisation in Istanbul, Turkey. The meeting was hosted by Borsa İstanbul at their campus. The meeting assessed current market practices with respect to identified gold related documentation and products. Deliberations were aimed...

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26 марта, 01:17

Bubba Watson wins WGC Match Play to confirm return to elite level in style

• The 2012 and 2014 Masters champion beats Kevin Kisner 7&6• Justin Thomas loses 3&2 in semi-final against WatsonJust when it seemed the 2018 edition of the Masters had been afforded sufficient pre-tournament storylines, enter Bubba Watson. The first major of the year seldom arrives quietly but what a buildup has been assured. Watson, the Masters champion in 2012 and 2014, confirmed his return to the elite level of this sport with a comfortable success at the WGC Match Play in Austin.With Tiger Woods, Phil Mickelson, Justin Thomas, Dustin Johnson, Rory McIlroy, Sergio García and Jordan Spieth guaranteed as part of the Augusta narrative, perhaps the enigmatic Watson felt left out. He certainly gave the impression of that being the case over five days in Texas. Continue reading...

25 марта, 13:22

Репатриация активов: европейские ЦБ забирают свое золото из банков Великобритании и США

Несколько европейских стран объявили о репатриации своих золотых запасов из хранилищ в США и Великобритании. По мнению эксперта по драгоценным металлам Клаудио Грасса, данная ситуация вызывает беспокойство у Брюсселя. Напомним, некоторое время назад Национальный банк Венгрии объявил о возврате из Великобритании своих золотовалютных резервов. В Лондоне хранилось 100 000 унций (3 тонны) золота, стоимость которого составляет 130 миллионов долларов США. По словам представителей венгерского ЦБ, решение о возврате драгоценного металла было принято по соображениям безопасности. Ранее таким же образом поступили Голландия, Австрия и Германия. Клаудио Грасс в ходе беседы с журналистами RT отметил, что ЦБ многих европейских стран на протяжении нескольких лет занимаются репатриацией своих золотых запасов. Эксперт считает, что это говорит о напряженности между Брюсселем и некоторыми государствами Евросоюза, которые сомневаются в перспективах единой европейской валюты. Страны ЕС рассматривают золото как страховку, на тот случай если придется отказаться от евро.

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25 марта, 01:28

Ian Poulter likely to miss Masters by a whisker despite hitting form in Austin

• Englishman set to miss Augusta by three hundredths of a point• Poulter reached last eight of WGC Match Play before Kisner defeatThere are the fine margins in sport, and then there are the circumstances attached to Ian Poulter and the Masters. As things stand, the Englishman will miss out on a place at the first major of 2018 by three hundredths of a point – and a single place – on the world ranking table. Even more galling for the 42-year-old is that an outstanding effort over three and a half days at the WGC Match Play may count for nothing in the context of Augusta National.Poulter slipped to a comprehensive defeat to Kevin Kisner, by 8&6, in this event’s last eight. Poulter had seen off Louis Oosthuizen on Saturday morning while recording eight birdies, apparently edging him ever closer to a 13th Masters appearance. Maybe bad luck really is attached to that number. Continue reading...

24 марта, 03:05

Are Central Banks About To Open The Floodgates For Gold And Cryptocurrency?

Authored by Alex Deluce via GoldTelegraph.com, Recently Switzerland’s Central Bank Swiss National Bank garnered headline glory by reporting a record $55 billion (54 billion francs) profit last year, which exceeds even the annual profit of Apple and the combined profit of JP Morgan and Berkshire Hathaway. The central bank’s strong result was aided by record profit on its equity holdings, bond prices, and its weaker currency. SNB earned 8% of GDP last year SNB’s stupendous results made one wonder how the central bank emerged as a major money manager with a nearly $800 billion portfolio of bonds and stocks. Of note, unlike other central banks such as ECB, BOJ and FED, SNB’s balance sheet largely comprised of foreign assets, with 49 billion francs of its profits generated from its foreign assets, while the central bank could net only about three billion francs from its gold holdings and another two billion francs from its Swiss franc positions. It is widely believed that SNB has been preventing Swiss franc from drastic appreciation by printing more francs and infusing them into global markets to buy bonds and stocks. The hefty profit of 54 billion francs clocked last year translates into 8% of Switzerland’s GDP. Thus one can surmise that the central bank made substantial PROFIT OUT OF THIN AIR. While SNB’s gold holdings resulted in only about three billion francs of profit last year, various central banks turned out to be aggressive buyers of gold in 2017, having purchased 414.9 tons, as against 95.1 tons bought in 2016. Investors were in full focus when data from World Gold Council revealed that the central banks purchased 117.7 tons during October and November 2017 alone. It is well known that central banks prefer gold as protection against black swan economic events. pic.twitter.com/SvfqIDAhwC — Gold Telegraph (@GoldTelegraph_) March 19, 2018 Welcome to Digital Gold Amidst central banks’ active reserve management skills, as elucidated above, a former central banker with the South African Reserve Bank believe in 2018, G7 central banks will start buying cryptocurrencies to propel their foreign reserves. Considering the recent popularity and upsurge witnessed in prices of cryptocurrencies, the former central banker predicts the special drawing rights and G7 country currencies will be forced to alter their foreign reserve weightages by ultimately including a basket of cryptocurrencies. Considering bitcoin was designed to enact as digital gold, he reckons G7 central banks will witness bitcoin and other cryptocurrencies turning out to be biggest international currency by market capitalization. It is felt that such massive popularity of cryptocurrencies can force central banks to call for emergency meetings to exercise their prerogative to deviate from the existing investment policy for reserve management and hence ultimately central bank money could pour into cryptocurrencies. Centralized Vs Decentralized digital currencies Resonating the vast popularity of cryptocurrencies, it has been reported that Russia is working on a government-run cryptocurrency, while other leading countries including the US, China, Japan and Canada are either exploring or actively working on some form of digital currency. Similarly, central banks from Singapore to Sweden have been pondering the feasibility of issuing digital versions of their own money. It is felt digital currencies could cut out middlemen and banks.  Alluding to the rapidly evolving area of central banks’ interest in digital currencies, Bank for International Settlement has come out with a report this month titled: “Central bank digital currencies”. The report published by BIS’ two committees viz.: Committee on Payments and Market Infrastructures and Markets Committee suggests central banks should carefully consider the implications for financial stability and monetary policy of issuing digital currencies. Terming Central bank digital currencies (CBDC) as a potentially new form of digital central bank money, the BIS report underscores two main CBDC variants viz.: a wholesale (for use in financial market) and a general purpose (for use by the general public). The following picture puts CBDC in the context of other types of money. The diagram focuses on the mix of four fundamental properties viz.: issuer (central bank or other), form (digital or physical), accessibility (widely or restricted) and technology (token or account based): The BIS report notes cash and many digital currencies are token-based, while reserve account balances and most forms of commercial bank money are account-based. The authors believe the wholesale variant would limit access to a predefined group of users, while the general purpose one would be widely accessible. The authors reckon the wholesale CBDCs, combined with the use of distributed ledger technology, may enhance settlement efficiency for transactions involving securities and derivatives. The report highlights that wholesale CBDCs might be useful for payments but more work is needed to assess the full potential. The following table captures a comparative analysis of properties across existing and potentially new forms of central bank money: Taking a macro view post the implementation of CBDC, the BIS report has come out with a stylized balances sheet of the central bank after the introduction of CBDC, duly reflecting the demand for CBDC and its enhanced assets holdings. The balance sheet clearly underscores the dominant role played by central bank digital currency, as it is projected to form a substantial share of central banks’ liabilities: Thus it is clearly evident that Bank for International Settlements is keeping pace with the opportunity in the central bank digital currencies...

23 марта, 22:45

Rory McIlroy blames fatigue after he crashes out of WGC Match Play

• Northern Irishman says he is mentally tired after Bay Hill win• World No 7 excited by chance of major grand slam at MastersRory McIlroy cited fatigue associated with last weekend’s long-awaited success at the Arnold Palmer Invitational after his WGC Match Play involvement ended at the group stage. McIlroy’s 5&3 defeat by the inspired Brian Harman was to prove the Northern Irishman’s last competitive outing until the Masters.McIlroy had displayed traces of tiredness earlier in the week at Austin Country Club. Such a feeling was perhaps inevitable; the 28-year-old’s eye-catching triumph at Bay Hill on Sunday was his first in 18 months. Still, a McIlroy win over Harman would have set up a play-off to reach the last 16. Harman’s lead of 3up at the turn was to prove insurmountable to McIlroy, who will head to Augusta next midweek to continue with Masters preparations. Continue reading...

23 марта, 14:55

Россия накапливает золото максимальными темпами за последние 12 лет

Дедолларизация ускоряется. Темпы, которыми Россия накапливает золото в своих резервах, максимальные за 12 лет, равно как и темпы, которыми она избавляется от трежерис США, являются самыми быстрыми с 2011 года.

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23 марта, 01:39

Dustin Johnson falls by the Match Play wayside but Rory McIlroy stays alive

• World No 1 loses 4&3 to Adam Hadwin and misses knockout stage• Timely wins for Northern Irishman, Fleetwood and PoulterDustin Johnson may take solace from the fact this year’s pre-Masters slip was not of the physical variety.A year after Johnson, already with a WGC title secured, appeared unbeatable when cantering to success at another – the 2017 Match Play – he was unceremoniously bundled out of the Austin event after two defeats in as many days. Johnson had appeared at Augusta as the red hot favourite in 2017 but did not hit a shot in anger after tumbling down stairs at his rental home. Perhaps this, now an inevitably less fevered build-up, will suit him. Continue reading...

22 марта, 17:45

Россия интенсивно накапливает золото и избавляется от американских ценных бумаг

ZeroHedge: Россия стремительно пополняет свои золотые резервы, самыми быстрыми темпами за 12 лет …и сбрасывает казначейские облигации США самыми быстрыми темпами с 2011 года.

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22 марта, 02:29

Rory McIlroy and Dustin Johnson suffer shock defeats at WGC Match Play

• McIlroy felt ‘a little flat’ in losing 2&1 to Peter Uihlein• Bernd Wiesberger stunned the defending championThis was a day to prove why sponsors and broadcasters prefer the WGC Match Play in group rather than straight knockout format. Had the latter rules applied, Dustin Johnson and Rory McIlroy would have exited Austin Country Club after 18 holes.Johnson, the defending champion and world No 1, was the biggest casualty of day one as he slipped to a 3&1 defeat by Bernd Wiesberger. McIlroy’s defeat by Peter Uihlein, 2&1, also raised eyebrows given the Northern Irishman’s heroics when winning the Arnold Palmer Invitational on Sunday. In both cases it would be remiss not to recognise the performances of the winners. Wiesberger, a European Ryder Cup hopeful, and Uihlein both displayed nerveless touch in illustrious company. Continue reading...

21 марта, 06:35

Russia Is Hoarding Gold At The Fastest Pace In 12 Years

De-dollarization is accelerating... Russia is adding gold to its reserves at the fastest pace in 12 years ...and dumping US Treasuries at the fastest pace since 2011. The Central Bank of Russia (CBR) has been increasing its holdings of gold every month since March 2015. The country is currently the sixth-largest gold owner after the United States, Germany, Italy, France and China. According to the CBR, gold reserves spiked to $455.2 billion between March 2 and 9 hitting a historic high not seen since September 2014. “Our international reserves increased by $2.9 billion or 0.6 percent in a single week, mainly on the strength of positive re-evaluation,” said the regulator. And in fact 2018 has seen the fastest increase in the value of Russia's gold reserves since 2006... In January, RT notes  that Russia surpassed China, which reportedly held 1,843 tons of the precious metal at that time. Over the last 15 years, Moscow and Beijing have been aggressively accumulating gold reserves to reduce their dependence on the US dollar. According to World Gold Council data, last year the CBR became a world leader in stockpiling gold. The bank has more than doubled the pace of its gold purchases, statistics showed. It has been increasing Russia’s gold reserves to meet the goal set by President Vladimir Putin to make it less vulnerable to geopolitical risks. The Russian gold cache has increased by more than 500 percent since 2000. And while the Russian central bank is buying gold with both hands and feet, it is dumping US Treasuries at the fastest pace for a January since 2011... Is it any wonder that Washington is so pissed off at Putin?

20 марта, 23:05

Rory McIlroy says Bay Hill ‘validation’ has filled him with Masters optimism

• Masters is the one major still to elude the Northern Irishman• ‘I feel like I’ve crossed that line that I needed to’Rory McIlroy has admitted Sunday’s long-awaited victory at the Arnold Palmer Invitational supplied the “validation” he can draw upon ahead of another Masters tilt. McIlroy, who returns to action at the WGC Match Play on Wednesday, closed with a stunning 64 to prevail at Bay Hill. The success was timely; the Northern Irishman’s next start after this comes in the one major still to elude his grasp.“I have even more optimism now,” McIlroy said. “It was just more validation that what I’ve been doing has been correct. It all sort of just came together. Continue reading...

20 марта, 14:33

Золото: Центробанки опять скупают золото в 2018 г.

World Gold Council опубликовал на прошлой неделе обновлённую статистику по золотым запасам разных стран. Как показывают данные, покупка золота продолжает оставаться хорошей стратегией для защиты капитала...

17 марта, 12:27

Золотой резерв России достиг нового исторического максимума

Российский ЦБ продолжает увеличивать золотой резерв страны в соответствии со стратегией президента России Владимира Путина. Согласно обновленной статистике, объем золотого резерва России в марте текущего года достиг очередного максимума. Отмечается, что стоимость российских запасов драгоценного металла составляет $455.2 млрд. «Наши международные резервы увеличились на $2.9 млрд. или 0,6 процента за одну неделю», — рассказали представители российского ЦБ. Следует отметить, что по данным Всемирного совета по золоту в 2017 году Центральный банк России стал мировым лидером по увеличению запасов этого драгоценного металла. В феврале текущего года Российская Федерация поднялась на пятое место в мире среди суверенных держателей золота, обойдя КНР.

16 марта, 05:05

Применение золота выходит за пределы инвестиций

Золото известно большинству людей, как актив с целью инвестиций денежных средств. Но кроме инвестиций жёлтый драгметалл находит своё широкое применение в промышленности, и особенно в новых технологиях будущего...

15 марта, 17:44

4 Small-Cap Growth Funds to Buy as Bull Market Turns 9

As the market celebrates its ninth consecutive year of Bull Run, it is prudent to consider investing in small-cap growth funds.

15 марта, 06:10

Peak Gold Has Arrived

Authored by Alex Deluce via GoldTelegraph.com, Following the recent market crash, investors lost $5.2 trillion worldwide before the market managed to recover most of the losses. There are hints that certain bubbles are ready to burst as the worlds biggest hedge fund positions accordingly. In addition to the stock market, the global gold supply is weakening, leaving investors anticipating higher prices. In 2017, the gold supply plummeted the most since any year since 2008. If the supply of gold is really plateauing, experts are predicting a 'peak gold' period. China, the world larger miner of gold, produced 453 tons of the metal in 2016. In 2017, China’s production fell by 9 percent. If production of gold continues to fall, a rise in global demand is a certainty. The demand will come from investors and centrals banks unwilling to rely on the dubious strength of the US dollar. The Chinese are enjoying a boon economy, and the newly rich who can afford it are looking to buy physical gold in an effort to protect their wealth. China supplies its gold only domestically and does not export the metal. If China’s domestic gold supply is depleting, it will certain seek to buy gold elsewhere. Part of Chinese economic plan is to potentially reduce the global dominance of the dollar with the yuan. The US dollar has dominated the global currency market for over 40 years. China, and Russia are actively increasing their gold reserves, which could lead to both economic and political uncertainties as more countries begin to dump US Treasuries. Both Russia and China are planning to use gold-backed currency as payment when trading with each other. This makes gold a critical commodity for both countries. China might import gold to meet its own demand. But the available supply of gold is finite. During the past 15 years, global gold deposits have become depleted, and replacement deposits are becoming rarer each year. World Gold Council Chairman Randall Oliphant has indicated that global gold production may have reach its peak. The time may come soon when the supply is not expected to meet the demand. The price of gold usually rises during times of economic slowdowns. How will the global financial market react when the supply of gold is running low and gold becomes an even rarer commodity? China is not the only country producing less gold. South African and Australian gold deposits are showing signs of becoming depleted. The cost of exploring for new gold has become cost prohibitive and viable deposits are becoming more difficult to reach. The potential of a worldwide shortage is good news for investors. Even as mines become exhausted, gold as a commodity will still exist. Gold differs from oil, which, once used up, is physically gone. But gold mining and exploration will become more costly. For over 130 years, massive gold deposits were discovered in a number of countries. Gold has been easy to access and produce. During the late 20th century, some mines were producing as much as 50 million ounces of year a year. In the 21st century, mines producing 50 million or even 30 million ounces of gold no longer exist. Gold exploration is down to a few discoveries producing 15 million ounces annually. The price of gold has fallen steadily since 2012. Mining companies are unable to fund new explorations. The time between gold discovery and active mining spans an average of seven years. This is a considerable time span between the exhaustion of old mines and the mining of new ones. And mining companies will find it difficult to bear the expense. Once productive and seemingly endless gold deposits are depleting quickly. Forty percent of all the gold mined throughout history has come from the Witwatersrand Basin in South Africa. During the 1970s, an excess of 1,000 metric ton of gold was mined each year. In 2017, Witwatersrand Basin’s gold production fell 83 percent compared to 1970, down to 167.1 tons. China, is still exploring veins for more gold. But how long will it be able to justify the cost as mining for gold that lays deeper in the earths crust? More capital is needed for further gold exploration globally. Until that happens, the supply of gold will remain low and the demand will rise. This means that in the near future, this could serve as a major catalyst moving forward.

14 марта, 06:50

Россия поднялась в списке стран-держателей золота

Всемирный совет по золоту опубликовал свежие данные по золотым запасам разных стран мира. У многих из них в январе текущего 2018 года резервы золота увеличились. Больше всех жёлтого драгметалла купила Россия...

12 марта, 16:03

The Zacks Analyst Blog Highlights: Builders FirstSource, Paycom Software, Salesforce.com, Facebook and Central Garden & Pet

The Zacks Analyst Blog Highlights: Builders FirstSource, Paycom Software, Salesforce.com, Facebook and Central Garden & Pet