Why add this Credit Suisse 1 oz. Gold Bar (New Sealed with Assay Certificate) to your collection?
This Credit Suisse 1 oz. Gold Bar offers collectors the opportunity to build their stacks with full confidence that they are getting a product that is trusted by gold buyers and collectors throughout the world. Its designation as a Credit Suisse bar, which is provided on both sides of the bar, ensures that this will be easy to see when the time is right. The design of the bar is very simple, which is one of the reasons that the premium is low. There are four sets of inscriptions that are arranged vertically on the obverse. At the top is a rectangle with rounded edges, just as the bar has, with the words, “CREDIT SUISSE.” Under that, there are three lines of text that denote the weight, metal, and purity of the bar. Those lines read, “1 OZ FINE GOLD 999,9” (.9999 fine). A rectangle under that contains a circle with the letters “CHI” next to the words “ESSAYEUR FONDEUR.” At the bottom is a serial number. The reverse of the bar has a repeating pattern of the same Credit Suisse image found on the obverse, in this case smaller versions. If you want to buy with confidence in your ability to sell, this bar is a great option.
|Weight in Grams:||31.1 g|
|Weight in Ounces:||1 oz|
When the public loses faith in the financial system, which is associated with deflation, panic ensues and people turn to hard assets like gold. So, gold is a reflection of the overall faith or lack of, in the economic and political system.
Today’s Fedwatch Tool shows a 15 pct. chance of a rate hike being announced on Wednesday.
Many Wall Street traders are calling for the chairlady to impose a gag order on all Fed members as their continued comments only cause unnecessary volatility in the markets. I can’t agree more. Let the minutes of the Fed meetings speak for themselves.
Today our markets seemed to have settled down a bit as we see good buying in Gold emerge at the $1,330.00 level.
Brexit shakes up the market with four for four in spot price spikes for the precious metals participants.
CME reports a 23 percent chance of a rate hike in June and a 59 percent chance in July.
Greek lawmakers have agreed to a pension and tax reform plan that will require more stimulus from the Eurozone members.
I believe the rally in silver will lose some steam and test the $17.00 level this week.
So if you follow the comments of Fed chairperson, Janet Yellen and IMF Director Christine Lagarde, they both seem to paint a picture that the economic landscape is a rocky road at best.
Is Janet Yellen losing control of her staff? Does the staff have any confidence she can lead?
So the picture I’m trying to paint is: Over the pond things are not as rosy as Ms. Lagarde and Ms. Merkel would have you believe.
Some traders believe the pressure will be on from some FED governors to convince Ms. Yellen to raise rates at the next FED meeting, giving traders the fuel they are looking for.
Profit taking also seen in the gold ETF overnight as seen in strong outflows in the gold fund position. Interesting though silver ETFs enjoys new highs as retail investors seem to be more attracted to silver over gold.
The good news is the ETF funds continue to see more and more inflows and now the holdings are above 58 million ounces.
Over the years, the word inflation was synonymous with higher gold prices, but in my opinion negative interest rates will have a much more profound effect on the price of gold. As an investor, why would anyone want to pay the bank to hold their money.
On our shores, the Federal Reserve governors continue to send out mixed signals every time they share their opinions. This policy continues to create a smoke screen for the investor on the possibility of future rate decisions.
As I enjoy taking a contrary position on topics like this, I believe Gold will continue to be well supported at these levels and I don’t believe the data the Fed will look at going forward will give them any ammunition to raise rates at the next Fed meeting.
“Tightening financial conditions driven by falling stock prices, uncertainty over China and a global reassessment of credit risk could throw the U.S. economy off track from otherwise solid course.”
Walter Pehowich is on vacation today, so our commentary comes from Stephen W. Miller, CEO of Dillon Gage Companies.
We need and demand orderly markets in order to attract investment. These crazy comments bring uncertainties to all markets and chase folks from investing in them.
It looks to me that the electronic fixing platform for silver is becoming a market of its own with very little liquidity. This can become a serious problem for the world producers, government mints and refiners who have annual contracts selling and hedging their production on the silver fixing price.
Hello it’s me, Gold! You left me short…and rallied 25 dollars in fifteen minutes. You broke up with me and went to dinner with Dividend Paying Stocks, you flirt!