Mark Pey

October 20, 2020

The U.S. election promises a level of uncertainty not seen since the year 2000 debacle, when the outcome was only decided in the courts after 40 days of legal wrangling. Gold investors have an opportunity to position today to take advantage of a similar situation.

Generally, the more politically uncertain the climate, the more of a safe-haven asset gold becomes and gold prices tend to rise.

Global investment bank UBS made this point in a recent research note to their clients:

“A contested U.S. presidential election outcome is a strong possibility, and it could add to further volatility and result in safe-haven flows, though more into gold, the Swiss franc, and the Japanese yen than into the US dollar, in our view. The greenback’s longer-term trend is also downward due to its weaker interest rate advantage and the extent of US indebtedness. Since gold is priced in US dollars, a weaker dollar favours it [gold].”

After correcting lower towards the end of September on profit-taking after its steady climb over the last 18 months, gold prices have been stabilising in October. This gives investors a chance to accumulate gold at favourable prices before any election (and market) uncertainty begins two weeks from today.

Given that the yellow metal is likely to remain predominantly driven by the interest rate environment, this will continue putting a floor below hard assets such as gold with the Fed’s new average inflation targeting framework likely to help keep the USD rate advantage firmly capped.

Most importantly, such conditions should also keep gold’s sensitivity low to periods characterised by improving risk appetite after the election is finally decided. This makes sense when considering that gold may become more attractive as an inflation hedge.

Overall, we believe risk/reward should continue to favour buying dips in gold, especially as the U.S. nears what looks to be a historically uncertain election.

SendGold and Jodi Stanton recognised at the Finder Innovation Awards

SendGold presents industry best practices for compliance

SendGold recognised as a finalist at Fintech Australia’s Finnies 2020

 

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


Mark Pey

October 20, 2020

The U.S. election promises a level of uncertainty not seen since the year 2000 debacle, when the outcome was only decided in the courts after 40 days of legal wrangling. Gold investors have an opportunity to position today to take advantage of a similar situation.

Generally, the more politically uncertain the climate, the more of a safe-haven asset gold becomes and gold prices tend to rise.

Global investment bank UBS made this point in a recent research note to their clients:

“A contested U.S. presidential election outcome is a strong possibility, and it could add to further volatility and result in safe-haven flows, though more into gold, the Swiss franc, and the Japanese yen than into the US dollar, in our view. The greenback’s longer-term trend is also downward due to its weaker interest rate advantage and the extent of US indebtedness. Since gold is priced in US dollars, a weaker dollar favours it [gold].”

After correcting lower towards the end of September on profit-taking after its steady climb over the last 18 months, gold prices have been stabilising in October. This gives investors a chance to accumulate gold at favourable prices before any election (and market) uncertainty begins two weeks from today.

Given that the yellow metal is likely to remain predominantly driven by the interest rate environment, this will continue putting a floor below hard assets such as gold with the Fed’s new average inflation targeting framework likely to help keep the USD rate advantage firmly capped.

Most importantly, such conditions should also keep gold’s sensitivity low to periods characterised by improving risk appetite after the election is finally decided. This makes sense when considering that gold may become more attractive as an inflation hedge.

Overall, we believe risk/reward should continue to favour buying dips in gold, especially as the U.S. nears what looks to be a historically uncertain election.

SendGold and Jodi Stanton recognised at the Finder Innovation Awards

SendGold presents industry best practices for compliance

SendGold recognised as a finalist at Fintech Australia’s Finnies 2020

 

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


SendGold

October 7, 2020

Now in its fifth year, the Finder innovation Awards are recognising the efforts of some of Australia's most innovative companies and ideas. The awards recognise the impact of innovations introduced during the 2019-2020 financial year. This year's entries are, perhaps, the most unique given their focus on responding to the challenges and upheavals of the COVID-19 pandemic. The submissions were reviewed by a panel of 48 judges, who are industry heavy-hitters including Channel Seven’s finance editor, Gemma Acton, Australian FinTech’s Cameron Dart, The Money Barre’s Melissa Browne and Simon Westaway from the Australian Tourism Industry Council. From neobanks to online marketplace integrations, SendGold and other finalists represent businesses and ideas that are proving revolutionary in the banking, insurance, retail, tech, telco and travel industries. SendGold, in particular, has been nominated as the Best Investment Innovation and Jodi Stanton as the Most Innovative Person. The Finder Innovation Awards will take place, virtually, on 28 October 2020. We wish all our amazing co-nominees the best of luck and look forward to transforming how we live and do business in the years to come!   SendGold presents industry best practices for compliance SendGold recognised as a finalist at Fintech Australia’s Finnies 2020 Insights – Facebook, Amazon, Netflix, and Google….Gold  

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


Mark Pey

October 20, 2020

The U.S. election promises a level of uncertainty not seen since the year 2000 debacle, when the outcome was only decided in the courts after 40 days of legal wrangling. Gold investors have an opportunity to position today to take advantage of a similar situation.

Generally, the more politically uncertain the climate, the more of a safe-haven asset gold becomes and gold prices tend to rise.

Global investment bank UBS made this point in a recent research note to their clients:

“A contested U.S. presidential election outcome is a strong possibility, and it could add to further volatility and result in safe-haven flows, though more into gold, the Swiss franc, and the Japanese yen than into the US dollar, in our view. The greenback’s longer-term trend is also downward due to its weaker interest rate advantage and the extent of US indebtedness. Since gold is priced in US dollars, a weaker dollar favours it [gold].”

After correcting lower towards the end of September on profit-taking after its steady climb over the last 18 months, gold prices have been stabilising in October. This gives investors a chance to accumulate gold at favourable prices before any election (and market) uncertainty begins two weeks from today.

Given that the yellow metal is likely to remain predominantly driven by the interest rate environment, this will continue putting a floor below hard assets such as gold with the Fed’s new average inflation targeting framework likely to help keep the USD rate advantage firmly capped.

Most importantly, such conditions should also keep gold’s sensitivity low to periods characterised by improving risk appetite after the election is finally decided. This makes sense when considering that gold may become more attractive as an inflation hedge.

Overall, we believe risk/reward should continue to favour buying dips in gold, especially as the U.S. nears what looks to be a historically uncertain election.

SendGold and Jodi Stanton recognised at the Finder Innovation Awards

SendGold presents industry best practices for compliance

SendGold recognised as a finalist at Fintech Australia’s Finnies 2020

 

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


SendGold

October 7, 2020

Now in its fifth year, the Finder innovation Awards are recognising the efforts of some of Australia's most innovative companies and ideas. The awards recognise the impact of innovations introduced during the 2019-2020 financial year. This year's entries are, perhaps, the most unique given their focus on responding to the challenges and upheavals of the COVID-19 pandemic. The submissions were reviewed by a panel of 48 judges, who are industry heavy-hitters including Channel Seven’s finance editor, Gemma Acton, Australian FinTech’s Cameron Dart, The Money Barre’s Melissa Browne and Simon Westaway from the Australian Tourism Industry Council. From neobanks to online marketplace integrations, SendGold and other finalists represent businesses and ideas that are proving revolutionary in the banking, insurance, retail, tech, telco and travel industries. SendGold, in particular, has been nominated as the Best Investment Innovation and Jodi Stanton as the Most Innovative Person. The Finder Innovation Awards will take place, virtually, on 28 October 2020. We wish all our amazing co-nominees the best of luck and look forward to transforming how we live and do business in the years to come!   SendGold presents industry best practices for compliance SendGold recognised as a finalist at Fintech Australia’s Finnies 2020 Insights – Facebook, Amazon, Netflix, and Google….Gold  

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


SendGold

September 29, 2020

ACAMS recently offered a webinar to AML practitioners with a focus on those operating in the gold bullion business in the Australasia region. They selected SendGold to present industry compliance best practices and discuss how to best mitigate compliance risk while maintaining fast and responsive service for customers. The Association of Certified Anti-Money Laundering Specialists (ACAMS) is the largest international membership organization for anti-financial crime professionals. When selecting webinar conference participants, Dr William Scott Grob (ACAMS AML Director for APAC) asked ACAMS Australasian Chapter Co-Chair Mr Aub Chapman which company should represent the bullion industry. Mr Chapman suggested SendGold. “I knew SendGold had a strong regime of compliance procedures in place”, said Mr Chapman. “As a financial crime consultant, I helped them design their program when SendGold first started, and I thought they would be a good example in the business of how compliance can be managed effectively”. The webinar was held on July 9 and was attended by more than 300 professionals from around the region. Both ACAMS and SendGold received overwhelmingly positive feedback from participants. The headlines last week about AML penalty fines levied in Australia on Westpac Bank, at $1.3 billion the largest fines ever in Australian corporate history, underscore the importance of all financial businesses having consistent and effective AML procedures in place with management fully on board.   SendGold recognised as a finalist at Fintech Australia’s Finnies 2020 Insights – Facebook, Amazon, Netflix, and Google….Gold SendGold Live in India with UPI  

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