Tag Archives: gold price discount

Gold Price: USD 65,000/oz in 5 years? Speech by Torgny Persson

Gold Price: USD 65,000/oz in 5 years? Is it realistic that the price of gold could reach this level in the foreseeable future?

This speech by BullionStar's CEO, Mr. Torgny Persson, was recorded during FreedomFest 2017. FreedomFest is the world's largest gathering for freedom oriented people. BullionStar participated by exhibiting and educating about the monetary system.

The following topics were covered in Mr. Persson's speech:

1) Money System of Today

How does our monetary system work - or doesn't work? Do fiat currencies like the US Dollar have any real intrinsic value?

Mr. Persson describes the purposes and characteristics of money and explains why fiat currencies are not true money per definition. Mr. Persson educates about how money is created and how most money of today only exists in electronic form.

2) Gold Manipulation - Gold Price

Is the price of gold dictated and artificially suppressed? What happens if the current system for gold price discovery fails? Is a gold price of USD 65,000/oz in 5 years realistic?

Mr. Persson discusses how the price of gold is set/discovered on the gold marketplace and how it is vulnerable to manipulation.

3) Singapore 

Why is Singapore the best country in the world for asset preservation and wealth protection?

Mr. Persson presents the advantages of Singapore as a safe jurisdiction for buying and storing bullion. No taxes on bullion in Singapore, no reporting requirements, strong property ownership rights and safety are some of the properties that makes Singapore uniquely positioned as the best country in the world for asset and wealth protection and preservation.

4) Offshore Bullion Protection with BullionStar 

Mr. Persson introduces BullionStar's products and services such as bullion vault storage in Singapore, Bullionstar Gold Bars and Silver Bars that can be traded without any spread in between the buy and sell price, cash & bullion on the same account and more.

The slides from Mr. Persson's speech are accessible below.

Infographic: The Indian Gold Market

The Indian gold market is one of the world’s largest and most extensive gold markets, with an estimated 23,000 tonnes of private gold held within India’s borders. In India, gold is revered and held as a traditional form of savings and wealth preservation, particularly in the form of gold jewellery. With minimal gold mining production, Indian gold demand is predominantly met by gold imports, both official and unofficial (smuggling).

Unlike China, where the Chinese government actively encourages its citizens to invest in physical gold, in India the government wages a constant War on Physical Gold. Despite this war, Indian citizens largely ignore their government and continue to purchase physical gold in large quantities.

This infographic guides you through the following characteristics of the Indian Gold Market:

  • Gold held in India versus other major gold holding countries
  • Gold Price Quotation standards in India
  • Sources of Gold Imports into India, both fine gold and doré gold bar imports
  • Gold Smuggling into India
  • The Drivers of Indian Gold Demand
  • Gold Trading Volumes on India’s commodity exchanges, the MCX and NCDEX
  • The Indian Government’s constant War on Gold

Further information about the Indian Gold Market can also be found in BullionStar's Gold University gold market profiles.

Indian Gold Market Infographic

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