This week’s target is $1,600/Oz

Looking forward to the next week’s good news? It might as well bring some. Next week’s US economic calendar promises key data releases which will definitely have its effect on the gold’s price dynamics. In other words according to some market watchers the gold price is expected to recover from the recent lows and go up to the $1,600-an-ounce area. The upward movement has already started on Friday, when the price went up to $1,572.70 an ounce, but it was still 1.21% down on the week.

According to the Gold Survey held by Kitco news every week, the majority of respondents (15 out of 23) see prices up, the respondents are the market participants – bullion dealers, investment banks, futures traders, money managers and technical-chart analysts – experts that is.

Interestingly, despite a lower close on the week, some market watchers still believed that gold’s strength above the $1,520s area is a positive sign which may signify continued gains next week. Ken Morrison, founder and editor of the online newsletter Morrison on the Markets“I'm the most bullish on gold I've been in months. Wednesday's price and volume action was a great successful retest of support.”

Which means, that good times are ahead! They always are.

Stay tuned!
GBULLION team

It’s All About the Ups and Downs

Good news for those who felt a bit stressed because of the latest gold price tendency. Today (15th of May) it gained more than one percent and thus bounced off a 4-1/2 month low. The lower priced did its job however, new physical buying in developing markets significantly increased over the last month and is most likely to hold this level.

For those who would like to really understand the current situation on the market, we highly recommend to look through the“Gold Investment Statistics Commentary” and “Gold Demand Trends Q1 2012” researches, just published by the “World Gold Council” (http://www.gold.org/).

Should you have any questions, feel free to contact us.

Stay tuned!
GBULLION team

Gold Price: Only Up From Here

Dear GBULLION Customers,

The past couple of months has seen gold steadily increase, largely in part to a weakening of the dollar. Recently, the dollar has begun to show signs of strengthening so as a result the price of gold has tapered off a bit. This is a bit of a mixed blessing as although some value was lost by those who bought when gold was trending up during the last couple of months, the signs now clearly show that we have entered another buy phase.

Overall, the upward trend for the beginning of the year has seen the price go up by 12% (after the latest pull-back) and at some point it went as high as 30% (above $1780). There is widespread agreement that gold will hover around the current $1700 mark for a bit before headed on its projected trajectory of $2000 and beyond. It can not be stated enough that this could perhaps be the best buying signal of the year.

Even with gold pulling back due to the strengthening dollar other seasonal factors will begin to gradually drive gold prices up. Specifically, China and India often contribute to price increases through driving consumer demand during the quarter. Jewelry purchases comprise of 75% of all gold transactions and these two countries dominate that trade. The speed and magnitude of this impact is debatable, notwithstanding the price of gold will be affected in a favorable way for investors.

Institutional demand though may be driven by the Europeans as there are still concerns about the resilience of the Euro and the wider impact of Greece and Italy’s problems. Demand will perhaps not be as aggressive as it has been in the past couple of years as there is a sizable camp that declares the worst is behind us; nevertheless we are not out of the woods yet so further stabilization through gold will undoubtedly occur.

Another driving factor on the institutional demand side is that national banks of the developing world are increasingly beginning to hold gold, to the magnitude of 500 tonnes over the past couple of years. We should expect to see further purchasing by central banks of developing countries over the next couple of years, pushing the price of gold gradually higher.

All-in-all there are several factors why the price of gold will head higher during 2012 from the  buy phase we are currently within. The question only remains what to do in order not to be left out. Dubai-based GBULLION DMCC (gbullion.com) is a trusted name in the Online gold investing space having the flexibility of serving novice investors through their strategically designed Internet presence as well as the know-how to provide expert face-to-face service with larger scale investors. They are poised to be one of the dominant brands as the price of gold makes its move to the $2000 level. 

Should you have any questions, please feel free to contact us.

Kind regards,
GBULLION Team

Commission Goes Down! Time to Buy Gold

Dear GBULLION Customers,

As we start the new year we enter into a unique opportunity to buy gold as it is beginning to show various signs of recovery from the recent correction during the final months of 2011. We are happy to inform you that over the past 30 days gold price has gone up by 10%! To encourage our investors and support the trend we have reduced our purchase commission from 1.2% to 0.8%. Now you can buy physical gold at spot price + 0.8% only!

Take some time and read the article below, we have put it together for you to have an overview of the current situation as well as of some forecasts...

Over the past 3 years there has been at least 3 other times when the price of gold has corrected itself in such a drastic manner. Each time though, the recovery took the metal to new record highs: with 10-20% drops followed by 50-85% increases. What will be the magnitude of this current recovery will only be determined by the market however, what can be said confidently (and with consensus) is that gold will recover as it does time and time again.

Morgan Stanley for example, lists gold among its “favorite longs” and forecast prices of $2200 an ounce. “We believe the defensive nature of gold...will create significant investment demand as investors look for safe havens in a period of risk aversion.”

UBS’ central view on gold remains aggressive, forecasting an average 2012 price of $2050. “Most of the factors that pushed gold higher in 2011 are not going away. Indeed, a compelling case for higher gold returns next year can be built on: persistent sovereign stress, an expected recession in Europe, benign growth across developed markets, a relatively sedate outlook for competing asset classes, still-low interest rates in the US, and further rate declines in Europe, as we expect.”

Barclays Capital thinks gold should trade as high as $2200 an ounce in 2012 with the three pivotal watch factors for gold remain intact. "First, central-bank buying continues and with new interest emerging; second, uncertainty continues to surround the financial markets and sovereign debt; and finally, growth in investment demand is occurring despite price corrections."

The idea that gold will comfortably surpass the $2000/oz. point in 2012  is not only shared by these three financial service powerhouse but also much of the financial establishment in the world. The only question a savvy-investor should ask is how to participate in the recovery. In this sense, it is ‘vaulted gold’ or in other words, physical quantities of gold that is bought online and stored, insured and appraised in highly secure vaults.

This is where www.gbullion.com comes in.

Should you have any questions, please feel free to contact us.

Kind regards,
GBULLION Team

System Upgrade

Dear Customers, 

Please be aware that tonight (15/01/2012-16/01/2012) due to the scheduled system upgrade, access to your person accounts may be limited at some point. 

Kind regards, 

GBULLION team

Service Updates January 2012

Dear GBULLION Customers,

We are happy to inform you that we have upgraded Gold Delivery Request Form, which will make the procedure of gold withdrawal easier than it had been before. Please bear in mind, that only those of you who have verified accounts and at least one kilo of gold stored in our vault are able to use the service. The delivery is carried out free of charge to any airport of the world - please look through the Terms of Delivery for more details.


Please be informed that due to the changes introduced by our gold providers, from January 15, 2012 on GBULLION trading terms will undergo the following changes:

1. Gold trading will be possible in USD only.

Starting from January 15 all the incoming wires in other currencies (EUR or AED) will be automatically converted to USD in line with our bank's (EmiratesNBD) rate of exchange and added to your accounts one-to-one (no commissions are going to be applied ).That is why from now on we highly recommend you to wire funds in USD only. The restriction of trading in other currencies is temporary, we are now working on the issue and will soon provide you with an opportunity to trade gold in other currencies as well.

2. Micro-lot commission
New additional commission of 5 USD for a purchase of less than 1 troy ounce of gold (31.10 grams) is going to be introduced. The buy back will still be carried out without any commissions.

Should you have any questions or concerns, please feel free to contact us.

Kind regards,
GBULLION Team

Happy Holidays!

Dear friends, 

As the holiday season approaches, we would like to take this opportunity to thank you for your continued partnership and support. You keep GBULLION successful and we in return would like to manifest you the commitment of improving year by year.

We wish you and your families a happy holiday season and a successful incoming year! May it be filled with joy and happiness and live up to your highest expectations! 

With our warmest greetings,
GBULLION Team

 P.s.: Our office hours are not in any way affected by the holidays