GOLD SELLERS GROUP Gold bars are produced in a wide variety of sizes, shape, and fineness, most of them destined for oneway transit to manufacturing end-users who intend to refabricate the gold into other forms such as industrial/electronic plating or decorative applications. Most gold bars are not intended for use as investment products (i.e., recirculated on the secondary public market) primarily because their authentic weight and purity both fall into question owing to the ease of tamperability once the bars have traveled outside of the original commercial chain of custody.
However, one very notable exception to the use of gold bars for investment and financial purposes is with regard to the large (350-430 oz.) London Good Delivery bars that are maintained with a reliable chain of custody within the confines of an international network of central bank reserves and commercial bullion banking vaults. For the individual investor who demands more flexibility with regard to both portability and liquidity, gold coins fit the bill perfectly and are by far the most popular form of gold ownership.
6-Sep (Bloomberg) — Gold futures rose to the highest since March as European Central Bank President Mario Draghi said policy makers agreed to an unlimited bond-purchase program to help stabilize the region, boosting demand for the metal as a store of value.
Draghi said the ECB will have a “fully effective backstop to avoid destructive scenarios with potentially severe challenges for price stability in the euro area.” U.S. jobless claims declined last week and companies added more workers than forecast in August, reports showed today before monthly payrolls data tomorrow. In August, gold jumped 4.5 percent, the most since January, on speculation that the Federal Reserve and the ECB will increase steps to bolster their economies.
“Expectations of inflation rising after Draghi’s statements are supporting gold,” Adam Klopfenstein, a market strategist at Archer Financial Services Inc. in Chicago, said in a telephone interview. “Tomorrow’s jobs data will be crucial as that will be one of the leading indicators about the health of the economy.”
Gold futures for December delivery gained 0.6 percent to $1,703.50 an ounce at 9:59 a.m. on the Comex in New York, after earlier jumping to $1,716.90, the highest for a most-active contract since March 12.
Gold will be at $1,840 by the end of 2012, Jeffrey Currie, head of commodities research at Goldman Sachs Group Inc., said in a Bloomberg Television interview today.
OUR INTEREST: We are gold dealers in the suburb of West Africa, we have gold bars and dust to be sold to reliable people and good customers and we will be glad to receive messages from interesting buyers or reliable agents for onward business negotiations. Characteristic of our available AU
Quantity............1,600 KG Quality………….23+ karat Purity.................96% Origin............... Ghana Price:. .................Negotiable. Our Contact Person: Mr. Jerry Koffi Accra Ghana Telephone: +233 573 002 081 Email: email@example.com Looking forward for good buyers, Mr. Jerry Koffi