Donald Trump’s Favorite Metal Is Loving The Election Result.
Spot gold is up as much as 4.8 percent on the day. That’s the sort of increment precious-metals traders can usually expect to see less than once a year. It’s now occurred three times in 2016.
Gold rarely moves more than about 1 percent in a day, and it’s only shifted more than 4 percent on 13 occasions since the start of 2000. Five of those events happened over a four-month period at the peak of the global financial crisis.
The question for traders at this point is not so much what happens immediately, but whether the metal will hold or lose its gains as investors get a better handle on the political state of play and cut their flight-to-safety trades.
* Based on year on year average for gold value uplift last 15yrs.
** Calculated on 60% investment value engaged with the Swiss Asset Manager, based on avg. 21year performance.
*** 30% Performance fee to be deducted (Negotiable on for larger clients).
SOS Children’s Villages work to prevent family breakdown and care for children who have lost parental care, or who risk losing it. They work with communities, partners and states to ensure that the rights of all children, in every society, are respected and fulfilled.
In particular they do extensive work to protect vulnerable children associated with the gold mining industry in Africa. As such it is incumbent upon the founders of GoldSafe to support such a charity and we encourage you to do the same.
Did you know ?
1oz – It is rarer to find a one ounce nugget of gold than a five carat diamond.
175,000 tonnes – Less than 175,000 tonnes of gold has been mined since the beginning of civilisation.
21 metres cubed – All of the gold ever mined would fit into a crate of 21 metres cubed.
200 – Julius Caesar gave 200 gold coins to each of his soldiers from the spoils of war in defeating Gaul.
50 miles – One ounce of gold can be stretched to a length of 50 miles; the resulting wire would be just five microns wide.
4,600 tonnes – There are 147.3 million ounces – around 4,600 tonnes – of gold stored in the US Bullion Depository at Fort Knox.
9 metres square – One ounce of pure gold can be hammered into a single sheet nine metres square.
530,000 bars – The US Federal Reserve holds 6,700 tonnes of gold, in 530,000 gold bars. At its peak in 1973, the Fed stored more than 12,000 tonnes of monetary gold.
400 troy ounces – A “London Good Delivery Bar”, the standard unit of traded gold, is made from 400 troy ounces of gold.
79 – The atomic number of gold is 79, which means there are 79 protons in the nucleus of every atom metal.
2316 troy ounces – The largest ever true gold nugget weighted 2316 troy ounces when found at Moliagul in Australia in 1869. It was called the “Welcome Stranger”.
90% – Over 90 per cent of the world’s gold has been mined since the California Gold Rush.
80 cm – The largest gold coin ever created was cast by the Perth Mint in 2012. Weighing one tonne and measuring 80 cm in diameter, it surpassed the previous record, a 2007, C$1 million coin which was just 53 cm across.
1885 – While digging up stones to build a house, Australian miner George Harrison found gold ore near Johannesburg in 1885, beginning the South African gold rush.
31.103 grams– There are just over 31 grams in a troy ounce of gold.
11.2 million – If all of the existing gold in the world was pulled into a 5 micron thick wire, it could wrap around the world 11.2 million times.