Jodi Stanton

April 8, 2020

As the impact of COVID-19 continues in global markets and the demand for gold continues to increase, SendGold want to let you know they are ramping up their services to you. As a SendGold customer, you are the outright individual owner of physical gold bullion, and a crisis in the banking system would not affect your rights to the gold in your account.

Record gold demand.

People around the world are seeking the safe haven of physical gold during the market turmoil, and gold prices have increased by 38% in the last 12 months and 18% since the first confirmed case of the virus.

SendGold transaction volume has grown 700%+ since January!

Many of you would know Australia is the second-largest gold producer in the world. SendGold's platform is designed to support heavy volumes to meet client demands, and they are confident they can continue to offer some of the best gold prices in the business.

SendGold has launched Level 2 accounts, allowing you to transact at higher limits for larger-scale investment.

To support their clients’ needs to hedge and protect larger portions of their wealth, SendGold has instituted higher transaction and total holding limits. Level 1
  • Transact up to A$5,000 at a time
  • Transact up to A$20,000 per week
  • Hold a gold balance up to A$300,000
  • No minimums
Level 2
  • Transact up to A$100,000 at a time
  • Transact up to A$200,000 per week
  • Hold a gold balance up to A$3,000,000
  • No minimums
 

SendGold's customer service remains in full operation if you need them.

SendGold is available to help with your gold investments and transactions. The SendGold team is actively engaged with you and are available to answer any questions or provide support services. They do not anticipate any service disruptions, but will quickly communicate with customers and partners if something changes that you should be aware of.

SendGold CEO Jodi Stanton adds, "Be safe and look after your loved ones".

"We’d like to extend our best wishes to you, your colleagues, and your families. We hope you all stay healthy and safe during these challenging times."   Gold and the Ongoing Covid-19 Crisis, March 24 Update – Part 1 of 2 Keep Calm and Carry On (Buying Gold) amid Covid-19 Jodi Stanton recognised as a finalist at the Women Leading Tech Awards  

Download our new app now and BUY 100% title to GOLD in minutes


Jodi Stanton

April 8, 2020

As the impact of COVID-19 continues in global markets and the demand for gold continues to increase, SendGold want to let you know they are ramping up their services to you. As a SendGold customer, you are the outright individual owner of physical gold bullion, and a crisis in the banking system would not affect your rights to the gold in your account.

Record gold demand.

People around the world are seeking the safe haven of physical gold during the market turmoil, and gold prices have increased by 38% in the last 12 months and 18% since the first confirmed case of the virus.

SendGold transaction volume has grown 700%+ since January!

Many of you would know Australia is the second-largest gold producer in the world. SendGold's platform is designed to support heavy volumes to meet client demands, and they are confident they can continue to offer some of the best gold prices in the business.

SendGold has launched Level 2 accounts, allowing you to transact at higher limits for larger-scale investment.

To support their clients’ needs to hedge and protect larger portions of their wealth, SendGold has instituted higher transaction and total holding limits. Level 1
  • Transact up to A$5,000 at a time
  • Transact up to A$20,000 per week
  • Hold a gold balance up to A$300,000
  • No minimums
Level 2
  • Transact up to A$100,000 at a time
  • Transact up to A$200,000 per week
  • Hold a gold balance up to A$3,000,000
  • No minimums
 

SendGold's customer service remains in full operation if you need them.

SendGold is available to help with your gold investments and transactions. The SendGold team is actively engaged with you and are available to answer any questions or provide support services. They do not anticipate any service disruptions, but will quickly communicate with customers and partners if something changes that you should be aware of.

SendGold CEO Jodi Stanton adds, "Be safe and look after your loved ones".

"We’d like to extend our best wishes to you, your colleagues, and your families. We hope you all stay healthy and safe during these challenging times."   Gold and the Ongoing Covid-19 Crisis, March 24 Update – Part 1 of 2 Keep Calm and Carry On (Buying Gold) amid Covid-19 Jodi Stanton recognised as a finalist at the Women Leading Tech Awards  

Download our new app now and BUY 100% title to GOLD in minutes


Mark Pey

March 24, 2020

In this two-part post, we will look at 3 things:

  1. How gold performed in the 2008 GFC
  2. Why the Covid-19 financial crisis is different
  3. How financial assets, including gold, might be expected to perform as the current crisis plays out.
We discuss the first two points in this post (Part 1).

Gold in the 2008 Crisis

The chart above shows the price of gold during and after the 2008 GFC. Of note is the initial reaction in 2008: gold declined. This was because gold is an extremely liquid asset with broad global participation and very deep markets. Investors liquidated gold in order to shore up losses elsewhere on their balance sheets and to avoid margin calls.

Once the immediate liquidity needs were offset, investors sought high-quality assets to invest in. Title to Physical Gold fit the bill because it is the safest investment asset there is: its value does not depend in any way on the performance of a counterparty. With doubts still lingering about the solvency and performance of counterparties of all kinds, including banks, funds, corporations, and even sovereign governments, investors sought out history’s best safe haven.

If we compare gold performance after the 2008 pre-crisis low to today’s gold bull run (so far) then we might expect that the current run still has a good ways to go:

But the Covid-19 financial crisis is different

The 2008 crisis started as a demand crisis as the solvency of global banks came into question. This made for an expensive but relatively straightforward fix, since the U.S. Federal Reserve Bank (and the other central banks) could inject money directly into banks.

But the Covid-19 crisis is manifesting first as a supply side crisis, as supply chains and companies shut down. So it is both the banks and their customers who require a bailout. And that supply shock is now spilling over to be a demand shock too.

And while the U.S. Federal Reserve is moving swiftly to support the financial assets of companies (through new overnight money market support and direct corporate bond purchases) they cannot support companies (and their employees) directly. That job is left to governments, who are now preparing very large fiscal stimulus and even direct payment packages.

In Part 2 we will comment on how financial assets including gold might be expected to perform as the current crisis plays out. Keep Calm and Carry On (Buying Gold) amid Covid-19 Jodi Stanton recognised as a finalist at the Women Leading Tech Awards Keeping our Clients Informed About Gold

Download our new app now and BUY 100% title to GOLD in minutes