Gold produced at Evolution Mining Limited’s Mt Rawdon gold mine in Queensland was used by ABC Refinery, in inner Sydney, to make Australia’s most iconic horse racing trophy - the 2018 Lexus Melbourne Cup.
Now meet the everyday Aussies who made it happen.
This month marks the 10 year anniversary since Lehman Brothers, one of the highest profile casualties of the Global Financial Crisis (GFC), went bankrupt in the United States.
We spoke to Gold Industry Group Company Secretary Bron Suchecki, who was working at The Perth Mint at the time, and ABC Bullion Chief Economist Jordan Eliseo, about their memories from that time period.
ABC Refinery is now officially accredited by the Shanghai Gold Exchange (SGE), making it one of only seven international companies who can sell gold into the world’s top gold consuming nation.
A crucial network for trading gold in China, all official gold sales within China must occur through the SGE making it the primary gateway into the world’s largest gold market worth over A$341 billion annually.
Ask most people that work in finance what they think about Bitcoin, and the likely response will be; “it’s a bubble”.
Google certainly seems to think so too, with “Bitcoin is a Bubble” returning 31,800,000 results, proof of how many times people have, incorrectly so far, called a top in the price of the world’s most famous cryptocurrency.
One question we are often asked at ABC Bullion is; how much gold or silver should I hold in my portfolio?
Discover some of the factors and options according to Chief Economist Jordan Eliseo.
Discover the eight reasons why Australian investors should consider including physical gold in their investment portfolio. Here is number 2.
2. Gold is a natural holding in low “real” interest rate environments
What are the eight key reasons why Australian investors should look at investing in physical gold as part of their investment portfolio? Here is the first.
Reason 1. Gold has demonstrated strong long-term returns in its own right.
The 2016 Emirates Melbourne Cup has been made entirely from gold sourced, refined and crafted in Australia for the first time in its 150-year history.
One of the only trophies in the world still hand-spun from solid gold, the Emirates Melbourne Cup is produced by ABC Bullion. It contains 44 pieces that are hand spun over a 250-hour production process.
Despite the fact it is produced around the world, and purchased by a diverse range of investors all over the globe, trading in the wholesale physical gold market is still centered in London.
The London Bullion Market Association (LBMA) is an international trade association, representing the London market for gold and silver bullion. It was set up in 1987 by the Bank of England (BoE), which was the bullion market regulator at the time.
Last month the Gold Industry Group attended ABC Bullion’s sold out seminar; “The New Bull Market in Precious Metals”. It was evident gold is in focus as more than 600 investors, finance professionals and media filled the Ivy Ballroom in Sydney.
Key-note speakers were Evolution Mining Executive Chairman Jake Klein and Cor Capital Executive Director Tom Rachcoff.
Why is money like oxygen? There is a lot of it around, and we use it all the time. Like oxygen, not surprisingly, we end up taking it for granted.
Find out the role of gold as a monetary asset and why it has been well understood across the centuries.
Last month Gold Industry Group member ABC Bullion launched its Gold Saver; a direct debit savings plan linked to physical gold and silver assets.
The ABC Bullion Gold Saver works like a traditional savings account but instead of saving in Australian dollars, funds are invested in gold or silver.
Physical gold and silver have been seen as the ultimate store of wealth for millennia, and have been highly sought after by investors the world over.
Demand remains strong today across the globe, with thousands of tonnes purchased annually from a diverse group of investors that include Indian housewives, central banks, hedge funds and family offices.
ABC Bullion’s Chief Economist Jordan Eliseo provides his insights from the SMSF Association National Conference last week on the growth in physical bullion investment and why trustees are buying bullion.
The SMSF Association National Conference was attended by more than 1,000 financial advisers, accountants, auditors and service providers and is the largest annual gathering for professionals servicing the $600 billion Self-Managed Superannuation Fund market in Australia.