Discussions are still under way on how the entry into force of the third Basel Agreement ("Basel III") will affect the gold market. In addition to changing the requirements for bank capital, Basel III contains two completely new conditions for the liquidity of bank assets: a net stable financing ratio and a liquidity coverage ratio.
Analytics
According to Bloomberg Intelligence, the yellow metal exchange rate is resuming an upward trend, as evidenced by the lag behind crude oil quotes.
In May, gold and silver prices rose significantly, which was facilitated by several factors, namely, the fall in the US dollar index, a decrease in bond yields and a collapse in the value of cryptocurrencies.
According to Bloomberg, yellow metal is one of the most profitable assets in 2020. For the first time in history, his rate exceeded the mark of $2,000 per ounce. The yield on the asset reached 25.1% for the year, becoming the highest in the last decade.
Consider the statistics of the two leading mints in the world - Perth (Australia) and American.
Many investors want the coins they have purchased to increase in price. The secondary coin market offers a price different from the original. Why is this happening? The formation of the future price of the coin is not an exact science. However, there are a number of factors that will help indicate how the price of the coin will change over time.
In 2020, the gold market in Germany took second place in the world in terms of retail investment demand. In kind, the figure was 163 tons, which is equivalent to more than $9 billion.
According to the customs department of Auckland International Airport, over the past 12 months, gold worth a total of $242 million has been imported into New Zealand. Most of the precious metal was brought into the country by international investors, who, fearing economic risks, transferred their savings to a protective asset.
On May 13, 2021, the US Mint (hereinafter - the Mint) announced the next issue of the American Buffalo gold investment coin of pruff quality. It is also known as the Indian Head. The mint will not impose restrictions on the circulation and sale of the product to certain categories of buyers.
The Perth Mint produces and sells coins and bullion from precious metals. Mint products enjoy great confidence of buyers from all over the world due to their high sample and guaranteed weight.