The gold price increased around US$ 25 this week 2019 has been a great year for gold with the best returns since 2010, soaring around 15% year-to-date.
Macroeconomic uncertainty resulting from deteriorating budget positions, and rising debt of some of the reserve currency countries, an increased threat of currency wars, and protectionist policies have prompted central banks to diversify their portfolios.
Gold gets the shine, but are we forgetting Palladium? “While many investors are focused on gold, palladium has been far and away the best performing precious metal of the past several years.”
Year after year, China’s Golden Week National Holiday causes the gold price to tumble. In fact, it is one of those two weeks in the year when pretty much the whole of China is closed including factories and offices as well as the Shanghai Gold Exchange.
The Responsible Gold Mining Principles, recently launched by the World Gold Council, lay out the framework through which the gold mining companies can provide confidence to investors, supply chain participants and consumers that their gold has been produced responsibly.
Liemeta is certified Shariah compliant by the Scholars of the Shariah Supervisory Board of Amanie Advisors, all our operations and procedures regarding the sale and custody storage of physical gold and silver are in line with the AAOIFI Shariah Standard No 57 on Gold.
Managing Director: Stefan Nolte
Reg. No.: HE 395115, Registrar of Companies Cyprus
T.I.C.: 10395115J
