3 Minute Gold News – September 23, 2014

3 Minute Gold News

A Quick Read for Busy People

Topics:

Spot Price
U.S. Bombs Syria
LBMA Planning a New Gold Fix
24-Carat iPhone 6
Royal Mint Sells Gold and Silver Coins Online

 

The spot price for gold is $1,223.50 U.S. per ounce.

Screen Shot 2014-09-23 at 11.30.50 AM

 

 

 

 

 

U.S. BOMBS SYRIA

Gold just rose up to the highest price in eight months, according to Bloomberg, and at the time that Associated Press states (quoted through Kitco) “the U.S. and five Arab nations carried out airstrikes against targets of the Islamic State group in Syria on Monday and early Tuesday for the first time, using land- and sea-based U.S. aircraft as well as Tomahawk cruise missiles launched from two Navy ships in the region”.

The price of gold tends to rise when the world is uncertain and to fall when there’s more stability. In stable times people invest in currencies and stocks – in unstable times it’s gold and silver.

When the U.S. dollar rises then gold drops. Or really, gold stays the same and currencies rise and fall against the steady value of gold.

There will most likely be wild swings as there’s turmoil in geopolitics right now. Trust is tossed up in the air and gold has historically been a safe haven when no one knows what’s up (or down).

gold nuggetsI’m looking at the longer cycles.

Gold’s being manipulated by powerful parties for their individual benefits, so the cycle in the short term is messed up. If that’s going on then it’s best to stop paying close attention to the micro movements and look at the bigger picture. I’m not thinking of profit and day trading – I’m looking at personal stability and peace while the world is doing a shift.

LBMA PLANNING A NEW GOLD FIX

The London Bullion Market Association (LBMA) is quietly planning a new gold fix while Singapore and Hong Kong look to become the new world gold hub.

 

24-CARAT iPHONE 6

A 24-karat gold iPhone 6 is in the hands of a few uberwealthy. Gold is has long term history as a symbol of wealth.

 

ROYAL MINT SELLS GOLD AND SILVER ONLINE

The Royal Mint has launched a website for the public to buy gold and silver.

They are offering “relatively affordable” coins online. The coins can be shipped securely to the buyer’s door or else held in the Royal Mint’s own vault and armed by the Ministry of Defense.

It looks like England is seeing gold and silver as a legitimate investment, and is helping the public become involved.

Those who watch the cycles see that we’re overdue for an economic cold spell – winter is coming.silver coins

In the macro, nations like Russia, China and India are gathering gold. Big time.

In the micro, some people are putting gold into their portfolios. Even if their “portfolio” consists of just a little cash and a little silver or gold – it’s like having a pantry of food in case the power goes out.

The average person might decide to have 10 – 20% of their wealth in gold and/or silver for the bad times, and then other things as well that produce in good times.

I like putting about 5% into something highly speculative. That way I get the thrill of watching a big rise and the fear of a big drop – but it’s not a major security threat to my personal peace. It’s fun though.

Balance.

Life has uncertainty, but in the aggregate it moves in repeating cycles. I like being a part of the cycle.

I call it the “rod and ring” and “ambient peace” – gaining a quiet mind no matter what’s going on in the big world.

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Rod and Ring
words and music Elaine Diane Taylor
© 2012 Intelligentsia Media Inc.
SOCAN/ASCAP
from the album Coins and Crowns
single and album available on iTunes

…………………………………………

Coins and Crowns
words and music Elaine Diane Taylor
© Intelligentsia Media Inc. All rights reserved.
SOCAN/ASCAP
from the album Coins and Crowns

Single featured in Episode 1 of the documentary series – Hidden Secrets of Money

 

 

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