Viewing entries tagged
investing

REQ Report: The future looks bright for gold

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REQ Report: The future looks bright for gold

Australia’s gold exports are forecast to hit a record high of AUD $25 billion in 2019-20 according to the Department of Industry, Innovation and Science’s September edition of Resources and Energy Quarterly (REQ).

The September REQ shows Australia remains the world’s second largest producer of gold, with production increasing by 6.3% in FY 2018–19 to 321 tonnes, equating to 9% of the world’s total supply in 2018.

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ABC Bullion event explores global case for gold

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ABC Bullion event explores global case for gold

The Gold Industry Group joined more than 600 investors, bullion and finance industry professionals and media to learn about the global case for gold at ABC Bullion’s sold out national conference in Sydney on Tuesday 20 August.

Pallion CEO Andrew Cochineas (ABC Bullion’s parent company) kicked-off the conference noting that the Australian gold industry was a true bright light in the Australian economic landscape with a record gold price combined with the competitive advantage of a weaker Australian dollar.

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Diggers & Dealers Gold Wrap 2019

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Diggers & Dealers Gold Wrap 2019

This year’s Diggers & Dealers was as good as gold as 2450 delegates descended on Kalgoorlie for mining’s biggest industry event.

Former Australian Prime Minister John Howard was a hit, gold shone throughout the three day program with GIG Directors Andrea Maxey and Stuart Tonkin taking to the stage, a focus on the image of mining created much discussion at our popular breakfast event with Deloitte, and Northern Star Resources claimed dealer of the year.

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Klein to keynote at ABC Bullion Conference

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Klein to keynote at ABC Bullion Conference

With gold breaking through AUD$2,000, the outlook for gold mining equities is immense. How can gold producers take advantage of this new gold bull market?

Jake Klein, Evolution Mining Executive Chairman, will provide the answer in his keynote presentation at ABC Bullion’s National Conference 2019: A Global Case for Gold.

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Perth Mint’s $64 million gold icon debuts in New York City

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Perth Mint’s $64 million gold icon debuts in New York City

The Perth Mint has unveiled Australia’s greatest gold icon in New York City for a rare one day event to celebrate the official launch of The Perth Mint Physical Gold Exchange Traded Fund (NYSE Arca: AAAU) on the New York Stock Exchange.

The one-of-a-kind Australian Kangaroo One Tonne Gold Coin is recognised by Guinness World Records as the largest coin ever created. Tipping the scales at 1,000kg of 99.99% pure gold, and measuring 80cm wide and 13cm deep, this masterpiece of precious metal engineering and craftsmanship is valued at more than AUD60million

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Perth Mint expands Chinese market for Australian gold

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Perth Mint expands Chinese market for Australian gold

The Perth Mint has expanded the market for Australian gold in China with its recent appointment as an International member of Shanghai Gold Exchange (SGE).

As an International member of SGE, The Perth Mint would now also gain access to an extensive network of gold distributors trading directly on the SGE platform throughout China.

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Perth Mint gold app gives investors midas touch

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Perth Mint gold app gives investors midas touch

The Perth Mint has launched an exciting new smartphone app – GoldPass™ – during the opening day of Precious Metals Investment Symposium 2018.

At the touch of a smartphone screen, GoldPass™ gives retail investors the unique ability to securely buy, store and sell gold via digital certificates. The app also allows the instantaneous transfer of gold to other approved GoldPass™ app users.

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World’s greatest gold investors to descend on Perth for Precious Metals Event

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World’s greatest gold investors to descend on Perth for Precious Metals Event

Attracting the who’s who among the globe’s greatest precious metals investors, Western Australia – which accounts for more than 70% of Australia’s overall gold production - has cemented itself as a major destination to explore and mine for the famous yellow metal.

With this in mind, Australia’s largest precious metal event, The Precious Metal Investment Symposium (PMIS), has this year pulled up stumps and relocated from Sydney to WA’s capital and world-renowned mining hub, Perth.

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Inside the GFC: Q & A with Bron & Jordan 10 Years On

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Inside the GFC: Q & A with Bron & Jordan 10 Years On

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.

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Taking Australian gold to wall street

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Taking Australian gold to wall street

The Perth Mint recently launched the Perth Mint Physical Gold ETF (NYSE Arca: AAAU), the first exchange-traded fund with sovereign-backed gold trading on the New York Stock Exchange (NYSE).

AAAU is guaranteed by the Government of Western Australia, with shares exchangeable for delivery of a wide range of gold products.

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Investing for a brighter future

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Investing for a brighter future

Presenting to a crowd of 500 West Australian Mining Club members in May, Stuart Tonkin, Chief Executive Officer Northern Star Resources, began by ensuring their view of the gold industry’s future was seen through rose-coloured glasses.

As CEO of one of Australia’s largest gold producers and a Director on the Gold Industry Group Board, Stuart said future proofing the gold sector through investment in exploration was key to staying steady and maintaining current production levels. 

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ABC Refinery gains Shanghai Gold Exchange accreditation

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ABC Refinery gains Shanghai Gold Exchange accreditation

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. 

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InfiniGold launches digital gold with The Perth Mint

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InfiniGold launches digital gold with The Perth Mint

In collaboration with The Perth Mint, InfiniGold has released the latest innovation in gold investment – a flexible digital gold product compatible with a wide range of technology platforms including blockchain.

InfiniGold digital gold certificates offer institutions the opportunity to present investors with a new, secure and easy way to trade, hold and transfer physical gold. 

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Bitcoin: Digital or Fools Gold?

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Bitcoin: Digital or Fools Gold?

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.

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Market Update: Gold and Bitcoin

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Market Update: Gold and Bitcoin

Given the incredible rally in the price of Bitcoin (BTC), and other crypto-currencies like Etherium this year, there has been no shortage of interest in this space, with precious metal investors asking whether or not BTC is basically a digital version of gold and silver or not.

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Gold Investor Series: 3rd reason to invest in gold

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Gold Investor Series: 3rd reason to invest in gold

When we talk about the correlation in prices for assets traded in financial markets we are referring to how closely those prices mimic each other.

Highly correlated assets tend to move in the same direction most of the time. A good example is the shares in our four major banks, which tend to move in unison most days, unless there is some news (either good or bad) that only affects one of the companies.

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Gold Fields focus on growth

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Gold Fields focus on growth

Gold Fields' Nick Holland recently took the stage at the Sydney Mining Club to give an insight into the gold miner’s growth profile and significant investments in Australia.

Being a traditional banking and finance hub, Sydney offers a fertile field of institutional investment firms open to one-on-one meetings with reputable executives spruiking quality projects while they are in town.

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