The Chinese want to back the Yuan with gold.
The Chinese have become the biggest buyers of gold. They are buying it off the market, and hope to emerge as the buyers of the most gold so that their Yuan will be gold-backed.
The median payroll account for nonfarm payrolls is +165K.
With the jobless rate holding steady at 7.5%, and with numbers like these, why not buy gold today?
Central bankers may be losing control.
Japan tends to run about 10 years ahead of the US in all things monetary, and their recent version of simply printing money (Abenomics) is creating a bubble that will inevitably have to pop sometime.
Gold is steadily rising as job rates decline.
The Federal Reserve is paring back its program of buying bonds to keep interest rates low. This has pushed gold prices up.
Stocks tumble, and gold rises.
As US stocks drop off, investors may be looking to secure their funds in safe trends such as gold. Gold is of high physical demand in Asia.
Surging demand for gold in China.
Mainland buyers are demanding gold in China, but there is not quite enough. Imports from Hong Kong are in high demand, as always. Don’t let the gold rush pass you by.
India raises import tax on gold.
Demand for gold is rising, which means a crisis is surely on the way. India took advantage of this and raised their tax on metals.
Gold prices are on the rise.
Get in while you can! Trading sentiments are definitely in favor of gold.
Kimmy Burgess is the Manager of Cash in a Snap, which helps clients get connected to its large network of reputed lenders to get a no fax payday cash advance when they need it. Kimmy has over 20+ years’ experience in Administrative Management, with many years in the lending industry. Her expertise includes customer service, client services and other functions in the payday lending business. She has also spent time in the mortgage industry prior to her move into the payday lending field. Kimmy has a number of pets including cats, birds, and a Chinese water dragon.