SendGold

November 10, 2020

Shortlisted for the MyBusiness Awards 2020, SendGold, has been recognised in three categories this year: Finance Business of the Year, Innovator of the Year, and Fintech Business of the Year. Commenting on these nominations, Jodi Stanton shared, "SendGold has seen spectacular growth during 2020 as retail investors from around the world add more gold to their portfolios to balance some of the market risks ahead. And as a Gold as a Service platform, 2021 is looking to be a big year for us as our business customer pipeline continues to grow around the world. We are at the beginning of our journey, and we are honoured and excited to be recognised for our vision and hard work to date.” The MyBusiness Awards is the benchmark for excellence in Australia and the largest independent awards program celebrating SME business owners and professionals. Award recipients represent a cross-section of the SME industry, recognising the best of the best, highlighting and celebrating outstanding achievements and providing winners with a desirable accolade. The finalist list, which was announced on Friday, 6 November, features over 250 high-achieving individuals and businesses across 30+ submission-based categories. “This year’s MyBusiness Awards carry more weight than ever, given the unparalleled hardship small- to medium-sized business owners have experienced since the onset of 2020,” said MyBusiness editor, Maja Garaca Djurdjevic. “That is precisely why we feel honoured to have this opportunity to celebrate business owners and shine a spotlight on those that have gone above and beyond to keep their businesses running and offer outstanding service and support to their customers and the Australian community at large." “We would also like to take this opportunity to thank everyone for their continued efforts. We wish you all the very best and look forward to celebrating your achievements in December.”   A shine of certainty in an uncertain world SendGold wins best Investment Innovation at the Finder Innovation Awards 2020 Insights – Gold gaining on the US dollar ahead of the US election  

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


SendGold

November 10, 2020

Shortlisted for the MyBusiness Awards 2020, SendGold, has been recognised in three categories this year: Finance Business of the Year, Innovator of the Year, and Fintech Business of the Year. Commenting on these nominations, Jodi Stanton shared, "SendGold has seen spectacular growth during 2020 as retail investors from around the world add more gold to their portfolios to balance some of the market risks ahead. And as a Gold as a Service platform, 2021 is looking to be a big year for us as our business customer pipeline continues to grow around the world. We are at the beginning of our journey, and we are honoured and excited to be recognised for our vision and hard work to date.” The MyBusiness Awards is the benchmark for excellence in Australia and the largest independent awards program celebrating SME business owners and professionals. Award recipients represent a cross-section of the SME industry, recognising the best of the best, highlighting and celebrating outstanding achievements and providing winners with a desirable accolade. The finalist list, which was announced on Friday, 6 November, features over 250 high-achieving individuals and businesses across 30+ submission-based categories. “This year’s MyBusiness Awards carry more weight than ever, given the unparalleled hardship small- to medium-sized business owners have experienced since the onset of 2020,” said MyBusiness editor, Maja Garaca Djurdjevic. “That is precisely why we feel honoured to have this opportunity to celebrate business owners and shine a spotlight on those that have gone above and beyond to keep their businesses running and offer outstanding service and support to their customers and the Australian community at large." “We would also like to take this opportunity to thank everyone for their continued efforts. We wish you all the very best and look forward to celebrating your achievements in December.”   A shine of certainty in an uncertain world SendGold wins best Investment Innovation at the Finder Innovation Awards 2020 Insights – Gold gaining on the US dollar ahead of the US election  

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


Mark Pey

November 9, 2020

In a season of political and economic uncertainty, it’s understandable for people to feel unsure about what may lie ahead. Even the official winner of the U.S. election will not be certified under U.S. law until at least 8 December, celebratory pronouncements in the news media notwithstanding. So as we endure continued uncertainty on that front it’s useful to take stock of a few of the certainties we can rely on as we think about how to protect and grow our wealth in the coming months and years. So what do we know for certain about those coming months and years?

  • We know for certain that under the policy change announced by The Reserve Bank of Australia last week that someone depositing $10,000 in the bank at the end of one year will now receive an interest payment of $10 instead of the previous $25.
  • We know for certain that The Reserve Bank’s publicly stated policy is to further reduce the value of the Australian dollar through their newly created Quantitative Easing (QE) policy. This also applies to other regions and currencies with QE including the U.S. and the Eurozone.
  • We know for certain that governments around the world including the U.S. are borrowing unprecedented amounts to battle the economic effects of the COVID lockdowns.
  • We know that those extra borrowings (estimated at more than $400 billion so far for Australia alone and more than $5 trillion in the U.S.) manifest as an increased quantity of money against a relatively fixed (or even diminishing) quantity of goods and services.
  • We know for certain that such rapid increases in the supply of money can lead to a repricing of goods and services based on the new quantity of money.
  • We know that The Reserve Bank last week cited the first evidence of this “repricing” of goods and services when they reported that the official price of food had risen 1.6% in the previous quarter (6.4% annualised).
So it’s understandable for people to feel glum and uncertain! But luckily there is also some very good news on the “certainty” side of the ledger.
  • We know for certain that someone who deposited $10,000 into a gold account one year ago will today find the value of that account is more than $12,000.
  • We know for certain that prior gold bull markets have seen investors receive triple-digit and even quadruple-digit gains, with the one starting in 1971 returning 2,100% and the one starting in 1999 returning 670%.
  • We know for certain that all SendGold customers are the individual outright owners of physical gold bullion, fully segregated from our company assets and from the banking system and protected from confiscation by the property rights enshrined in the Australian Constitution.
  • We know for certain that The International Property Rights Alliance has stated that Australian property rights are some of the strongest in the world and that it is absolutely illegal for local, state, or Federal officials to seize someone’s property without due process of law.
Uncertain times can lead people to fear and inaction but we think instead they should be times for people to act to make sure their wealth is protected. Certainly! With SendGold.   SendGold wins best Investment Innovation at the Finder Innovation Awards 2020 Insights – Gold gaining on the US dollar ahead of the US election Positioning with gold for election uncertainty  

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


SendGold

November 10, 2020

Shortlisted for the MyBusiness Awards 2020, SendGold, has been recognised in three categories this year: Finance Business of the Year, Innovator of the Year, and Fintech Business of the Year. Commenting on these nominations, Jodi Stanton shared, "SendGold has seen spectacular growth during 2020 as retail investors from around the world add more gold to their portfolios to balance some of the market risks ahead. And as a Gold as a Service platform, 2021 is looking to be a big year for us as our business customer pipeline continues to grow around the world. We are at the beginning of our journey, and we are honoured and excited to be recognised for our vision and hard work to date.” The MyBusiness Awards is the benchmark for excellence in Australia and the largest independent awards program celebrating SME business owners and professionals. Award recipients represent a cross-section of the SME industry, recognising the best of the best, highlighting and celebrating outstanding achievements and providing winners with a desirable accolade. The finalist list, which was announced on Friday, 6 November, features over 250 high-achieving individuals and businesses across 30+ submission-based categories. “This year’s MyBusiness Awards carry more weight than ever, given the unparalleled hardship small- to medium-sized business owners have experienced since the onset of 2020,” said MyBusiness editor, Maja Garaca Djurdjevic. “That is precisely why we feel honoured to have this opportunity to celebrate business owners and shine a spotlight on those that have gone above and beyond to keep their businesses running and offer outstanding service and support to their customers and the Australian community at large." “We would also like to take this opportunity to thank everyone for their continued efforts. We wish you all the very best and look forward to celebrating your achievements in December.”   A shine of certainty in an uncertain world SendGold wins best Investment Innovation at the Finder Innovation Awards 2020 Insights – Gold gaining on the US dollar ahead of the US election  

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


Mark Pey

November 9, 2020

In a season of political and economic uncertainty, it’s understandable for people to feel unsure about what may lie ahead. Even the official winner of the U.S. election will not be certified under U.S. law until at least 8 December, celebratory pronouncements in the news media notwithstanding. So as we endure continued uncertainty on that front it’s useful to take stock of a few of the certainties we can rely on as we think about how to protect and grow our wealth in the coming months and years. So what do we know for certain about those coming months and years?

  • We know for certain that under the policy change announced by The Reserve Bank of Australia last week that someone depositing $10,000 in the bank at the end of one year will now receive an interest payment of $10 instead of the previous $25.
  • We know for certain that The Reserve Bank’s publicly stated policy is to further reduce the value of the Australian dollar through their newly created Quantitative Easing (QE) policy. This also applies to other regions and currencies with QE including the U.S. and the Eurozone.
  • We know for certain that governments around the world including the U.S. are borrowing unprecedented amounts to battle the economic effects of the COVID lockdowns.
  • We know that those extra borrowings (estimated at more than $400 billion so far for Australia alone and more than $5 trillion in the U.S.) manifest as an increased quantity of money against a relatively fixed (or even diminishing) quantity of goods and services.
  • We know for certain that such rapid increases in the supply of money can lead to a repricing of goods and services based on the new quantity of money.
  • We know that The Reserve Bank last week cited the first evidence of this “repricing” of goods and services when they reported that the official price of food had risen 1.6% in the previous quarter (6.4% annualised).
So it’s understandable for people to feel glum and uncertain! But luckily there is also some very good news on the “certainty” side of the ledger.
  • We know for certain that someone who deposited $10,000 into a gold account one year ago will today find the value of that account is more than $12,000.
  • We know for certain that prior gold bull markets have seen investors receive triple-digit and even quadruple-digit gains, with the one starting in 1971 returning 2,100% and the one starting in 1999 returning 670%.
  • We know for certain that all SendGold customers are the individual outright owners of physical gold bullion, fully segregated from our company assets and from the banking system and protected from confiscation by the property rights enshrined in the Australian Constitution.
  • We know for certain that The International Property Rights Alliance has stated that Australian property rights are some of the strongest in the world and that it is absolutely illegal for local, state, or Federal officials to seize someone’s property without due process of law.
Uncertain times can lead people to fear and inaction but we think instead they should be times for people to act to make sure their wealth is protected. Certainly! With SendGold.   SendGold wins best Investment Innovation at the Finder Innovation Awards 2020 Insights – Gold gaining on the US dollar ahead of the US election Positioning with gold for election uncertainty  

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


SendGold

August 26, 2020

Gold Market Update

Gold prices dipped to USD $1934 last week after 9 straight weekly gains in a row. Prices settled slightly lower for the week as profit-taking and technical selling gained the upper hand. The sell-off looks to be an extension of the market’s reaction earlier in the week when the Fed released minutes revealing it would forego yield curve control for now – a policy that would have ensured lower interest rates at the long end of the rate spectrum. Every probe lower in the gold price has been met by strong bargain-hunting buying, which seems to be consistent and strong enough to be coming from larger pools of capital (banks, governments, and other large investors).

Gold price this month in AUD/OZ

SendGold Viewpoints

This week in our blog we discussed the news that legendary investor Warren Buffett was buying shares in gold mining company Barrick Gold. In the article, we also quoted Buffet’s much less-famous father Howard Buffett: “The owner of gold redeemable currency has economic independence. He can move around either within or without his country because his money holdings have accepted value anywhere.” https://www.sendgold.com/a-tale-of-two-buffets/

Gold in the News

Here are a few articles trending on the subject of gold. First, the “strong bull” case: Frank Holmes, CEO and chief investment officer of U.S. Global Investors, says “it is quite easy to see gold going to $4,000”: https://www.cnbc.com/video/2020/08/10/gold-could-hit-4000-in-next-three-years-us-global-investors.htm Wilmington Trust, with USD $114 Billion under management, added gold to their recommendations last week. “We’ve had a really rapid run in the equity market. If we did see a little bit of risk being taken off the table by investors, we would expect gold to do well. But it also can do well in ... a really rapid recovery.” https://www.cnbc.com/2020/08/23/wilmington-trusts-meghan-shue-flags-cyclical-trade-opportunities.html Professor Richard Werner is one of the first academics in the world to bring attention to the fact that banks create money from nothing. This is something even The Bank of England would not admit for nearly four hundred years (they finally fessed up officially in 2014). We’re also big fans of the documentary based on his work entitled “Princes of the Yen”. His work puts the comparison with gold, which cannot be printed by governments or bankers, into high relief. https://thenewdaily.com.au/finance/finance-news/2017/01/03/how-banks-create-money/

This week we highlight the opinions of Mohammed El-Erian. El-Erian is the former CEO of PIMCO, the world’s largest bond investment firm, where he was responsible for setting the strategic direction of the firm and leading its operations globally.

El-Erian has served on several boards, including the U.S. Treasury Borrowing Advisory Committee, the International Center for Research on Women, the IMF's Committee of Eminent Persons, and the Peterson Institute for International Economics. He is widely considered to be one of the world’s foremost macro-economists. Last week El-Erian wrote a Financial Times editorial in which he outlined his views on gold: Gold has something for everyone “Until recently, the rapid rise in the price of gold had more to do with opportunistic financial trading than any larger structural investment theme, let alone a drop in physical supply or an increase in industrial use. Now, the metal is seen to offer something for everyone”. Gold a more attractive substitute for government bonds “You need only look at real yields on government bonds after adjusting for inflation to see why so many investors are buying gold as a long-term option”. “Contrary to what most textbooks would suggest, the recent drop in nominal yields has coincided with a rise in inflationary expectations. This makes gold a more attractive substitute for government bonds in two ways:
  1. Investors who opt for gold forgo less income than they would if bond yields were higher.
  2. They also hedge against what would be a dramatic loss in the value of those bonds, should central banks stop trying to keep interest rates low by flooring official rates and buying massive amounts of market securities”.
El-Erian gave a balanced and wide-ranging interview on Bloomberg last week, in which he touched on the many reasons why investors are turning to gold in the current market and economic environment. Watch the Bloomberg interview with Mohammed El-Erian: https://www.youtube.com/watch?v=TA8_O7SySwo

SendGold Handy Hints

You can now select how you want to see your gold holdings and gold pricing.
  • You can still choose our unit G, but also troy ounce, milligram, Chinese tael, dinar or HK tael.
  • Simply click on the yellow circle with the unit on your home screen or on the pricing graphs.
You can now also view live gold prices on the app without logging in to your account. Remember to keep your app updated to be sure you benefit from all our new features. Remember, we are here to answer any questions. Just email us on customerteam@sendgold.com.


SendGold

November 10, 2020

Shortlisted for the MyBusiness Awards 2020, SendGold, has been recognised in three categories this year: Finance Business of the Year, Innovator of the Year, and Fintech Business of the Year. Commenting on these nominations, Jodi Stanton shared, "SendGold has seen spectacular growth during 2020 as retail investors from around the world add more gold to their portfolios to balance some of the market risks ahead. And as a Gold as a Service platform, 2021 is looking to be a big year for us as our business customer pipeline continues to grow around the world. We are at the beginning of our journey, and we are honoured and excited to be recognised for our vision and hard work to date.” The MyBusiness Awards is the benchmark for excellence in Australia and the largest independent awards program celebrating SME business owners and professionals. Award recipients represent a cross-section of the SME industry, recognising the best of the best, highlighting and celebrating outstanding achievements and providing winners with a desirable accolade. The finalist list, which was announced on Friday, 6 November, features over 250 high-achieving individuals and businesses across 30+ submission-based categories. “This year’s MyBusiness Awards carry more weight than ever, given the unparalleled hardship small- to medium-sized business owners have experienced since the onset of 2020,” said MyBusiness editor, Maja Garaca Djurdjevic. “That is precisely why we feel honoured to have this opportunity to celebrate business owners and shine a spotlight on those that have gone above and beyond to keep their businesses running and offer outstanding service and support to their customers and the Australian community at large." “We would also like to take this opportunity to thank everyone for their continued efforts. We wish you all the very best and look forward to celebrating your achievements in December.”   A shine of certainty in an uncertain world SendGold wins best Investment Innovation at the Finder Innovation Awards 2020 Insights – Gold gaining on the US dollar ahead of the US election  

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


Mark Pey

November 9, 2020

In a season of political and economic uncertainty, it’s understandable for people to feel unsure about what may lie ahead. Even the official winner of the U.S. election will not be certified under U.S. law until at least 8 December, celebratory pronouncements in the news media notwithstanding. So as we endure continued uncertainty on that front it’s useful to take stock of a few of the certainties we can rely on as we think about how to protect and grow our wealth in the coming months and years. So what do we know for certain about those coming months and years?

  • We know for certain that under the policy change announced by The Reserve Bank of Australia last week that someone depositing $10,000 in the bank at the end of one year will now receive an interest payment of $10 instead of the previous $25.
  • We know for certain that The Reserve Bank’s publicly stated policy is to further reduce the value of the Australian dollar through their newly created Quantitative Easing (QE) policy. This also applies to other regions and currencies with QE including the U.S. and the Eurozone.
  • We know for certain that governments around the world including the U.S. are borrowing unprecedented amounts to battle the economic effects of the COVID lockdowns.
  • We know that those extra borrowings (estimated at more than $400 billion so far for Australia alone and more than $5 trillion in the U.S.) manifest as an increased quantity of money against a relatively fixed (or even diminishing) quantity of goods and services.
  • We know for certain that such rapid increases in the supply of money can lead to a repricing of goods and services based on the new quantity of money.
  • We know that The Reserve Bank last week cited the first evidence of this “repricing” of goods and services when they reported that the official price of food had risen 1.6% in the previous quarter (6.4% annualised).
So it’s understandable for people to feel glum and uncertain! But luckily there is also some very good news on the “certainty” side of the ledger.
  • We know for certain that someone who deposited $10,000 into a gold account one year ago will today find the value of that account is more than $12,000.
  • We know for certain that prior gold bull markets have seen investors receive triple-digit and even quadruple-digit gains, with the one starting in 1971 returning 2,100% and the one starting in 1999 returning 670%.
  • We know for certain that all SendGold customers are the individual outright owners of physical gold bullion, fully segregated from our company assets and from the banking system and protected from confiscation by the property rights enshrined in the Australian Constitution.
  • We know for certain that The International Property Rights Alliance has stated that Australian property rights are some of the strongest in the world and that it is absolutely illegal for local, state, or Federal officials to seize someone’s property without due process of law.
Uncertain times can lead people to fear and inaction but we think instead they should be times for people to act to make sure their wealth is protected. Certainly! With SendGold.   SendGold wins best Investment Innovation at the Finder Innovation Awards 2020 Insights – Gold gaining on the US dollar ahead of the US election Positioning with gold for election uncertainty  

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


SendGold

August 26, 2020

Gold Market Update

Gold prices dipped to USD $1934 last week after 9 straight weekly gains in a row. Prices settled slightly lower for the week as profit-taking and technical selling gained the upper hand. The sell-off looks to be an extension of the market’s reaction earlier in the week when the Fed released minutes revealing it would forego yield curve control for now – a policy that would have ensured lower interest rates at the long end of the rate spectrum. Every probe lower in the gold price has been met by strong bargain-hunting buying, which seems to be consistent and strong enough to be coming from larger pools of capital (banks, governments, and other large investors).

Gold price this month in AUD/OZ

SendGold Viewpoints

This week in our blog we discussed the news that legendary investor Warren Buffett was buying shares in gold mining company Barrick Gold. In the article, we also quoted Buffet’s much less-famous father Howard Buffett: “The owner of gold redeemable currency has economic independence. He can move around either within or without his country because his money holdings have accepted value anywhere.” https://www.sendgold.com/a-tale-of-two-buffets/

Gold in the News

Here are a few articles trending on the subject of gold. First, the “strong bull” case: Frank Holmes, CEO and chief investment officer of U.S. Global Investors, says “it is quite easy to see gold going to $4,000”: https://www.cnbc.com/video/2020/08/10/gold-could-hit-4000-in-next-three-years-us-global-investors.htm Wilmington Trust, with USD $114 Billion under management, added gold to their recommendations last week. “We’ve had a really rapid run in the equity market. If we did see a little bit of risk being taken off the table by investors, we would expect gold to do well. But it also can do well in ... a really rapid recovery.” https://www.cnbc.com/2020/08/23/wilmington-trusts-meghan-shue-flags-cyclical-trade-opportunities.html Professor Richard Werner is one of the first academics in the world to bring attention to the fact that banks create money from nothing. This is something even The Bank of England would not admit for nearly four hundred years (they finally fessed up officially in 2014). We’re also big fans of the documentary based on his work entitled “Princes of the Yen”. His work puts the comparison with gold, which cannot be printed by governments or bankers, into high relief. https://thenewdaily.com.au/finance/finance-news/2017/01/03/how-banks-create-money/

This week we highlight the opinions of Mohammed El-Erian. El-Erian is the former CEO of PIMCO, the world’s largest bond investment firm, where he was responsible for setting the strategic direction of the firm and leading its operations globally.

El-Erian has served on several boards, including the U.S. Treasury Borrowing Advisory Committee, the International Center for Research on Women, the IMF's Committee of Eminent Persons, and the Peterson Institute for International Economics. He is widely considered to be one of the world’s foremost macro-economists. Last week El-Erian wrote a Financial Times editorial in which he outlined his views on gold: Gold has something for everyone “Until recently, the rapid rise in the price of gold had more to do with opportunistic financial trading than any larger structural investment theme, let alone a drop in physical supply or an increase in industrial use. Now, the metal is seen to offer something for everyone”. Gold a more attractive substitute for government bonds “You need only look at real yields on government bonds after adjusting for inflation to see why so many investors are buying gold as a long-term option”. “Contrary to what most textbooks would suggest, the recent drop in nominal yields has coincided with a rise in inflationary expectations. This makes gold a more attractive substitute for government bonds in two ways:
  1. Investors who opt for gold forgo less income than they would if bond yields were higher.
  2. They also hedge against what would be a dramatic loss in the value of those bonds, should central banks stop trying to keep interest rates low by flooring official rates and buying massive amounts of market securities”.
El-Erian gave a balanced and wide-ranging interview on Bloomberg last week, in which he touched on the many reasons why investors are turning to gold in the current market and economic environment. Watch the Bloomberg interview with Mohammed El-Erian: https://www.youtube.com/watch?v=TA8_O7SySwo

SendGold Handy Hints

You can now select how you want to see your gold holdings and gold pricing.
  • You can still choose our unit G, but also troy ounce, milligram, Chinese tael, dinar or HK tael.
  • Simply click on the yellow circle with the unit on your home screen or on the pricing graphs.
You can now also view live gold prices on the app without logging in to your account. Remember to keep your app updated to be sure you benefit from all our new features. Remember, we are here to answer any questions. Just email us on customerteam@sendgold.com.


Mark Pey

August 18, 2020

People paying attention to gold were treated to an interesting headline this week:  https://edition.cnn.com/2020/08/17/ investing/barrick-gold-warren-buffett-trnd/index.html This news was met with a surprising amount of commentary, mostly because Warren Buffett is famously on record as saying that: “Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.” Many commentators noted that Buffett had sold key bank stock holdings at the same time, and that he was not exactly buying gold but rather shares in a gold mining company (Barrick Gold). But maybe The Oracle of Omaha noticed that the precious yellow metal with no utility has actually outperformed the shares in Buffett’s much-admired investment company Berkshire Hathaway? The chart below shows a comparison, even before gold’s recent price runup: https://bmg-group.com/gold-outperforms-berkshire-hathaway/ Here at SendGold we think it’s even more interesting to consider what another Buffett has said about gold. This other Buffett was Warren’s father, the Honourable Howard Buffett, former U.S. Congressman from Nebraska. A young Warren Buffett poses with his father Howard Buffett In an article entitled “Human Freedom Rests on Gold Redeemable Money”, Warren’s dad Howard hits many of the fundamental reasons we believe that people should own gold: “The owner of gold redeemable currency has economic independence. He can move around either within or without his country because his money holdings have accepted value anywhere.” “The subject of a Hitler or a Stalin is a serf by the mere fact that his money can be called in and depreciated at the whim of his rulers… Under such conditions the individual citizen is deprived of freedom of movement. He is prevented from laying away purchasing power for the future. He becomes dependent upon the goodwill of the politicians for his daily bread.” “I will not take time to review the history of paper money experiments. So far as I can discover, paper money systems have always wound up with collapse and economic chaos.” Howard Buffett even foresaw our current global experiments with “quantitative easing” (QE), quoting then President of the Federal Reserve Bank of New York, Mr. Allan Sproul:  "Without our support (the Federal Reserve System), under present conditions, almost any sale of government bonds, undertaken for whatever purpose, laudable or otherwise, would be likely to find an almost bottomless market on the first day support was withdrawn." Congressman Buffett’s letter is worth reading in whole: https://buygoldandsilversafely.com/wp-content/uploads/2018/04/human-freedom-rests-on-gold-redeemable-money.pdf So like father, like son? The good news is that you can be your own Warren (or Howard) Buffett. With SendGold.   Insights – SendGold featured in the AFR on the importance of owning direct title to your gold Insights – is the ‘party’ in gold just getting started? Insights – what Wirecard teaches us about life post-Covid  

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


SendGold

November 10, 2020

Shortlisted for the MyBusiness Awards 2020, SendGold, has been recognised in three categories this year: Finance Business of the Year, Innovator of the Year, and Fintech Business of the Year. Commenting on these nominations, Jodi Stanton shared, "SendGold has seen spectacular growth during 2020 as retail investors from around the world add more gold to their portfolios to balance some of the market risks ahead. And as a Gold as a Service platform, 2021 is looking to be a big year for us as our business customer pipeline continues to grow around the world. We are at the beginning of our journey, and we are honoured and excited to be recognised for our vision and hard work to date.” The MyBusiness Awards is the benchmark for excellence in Australia and the largest independent awards program celebrating SME business owners and professionals. Award recipients represent a cross-section of the SME industry, recognising the best of the best, highlighting and celebrating outstanding achievements and providing winners with a desirable accolade. The finalist list, which was announced on Friday, 6 November, features over 250 high-achieving individuals and businesses across 30+ submission-based categories. “This year’s MyBusiness Awards carry more weight than ever, given the unparalleled hardship small- to medium-sized business owners have experienced since the onset of 2020,” said MyBusiness editor, Maja Garaca Djurdjevic. “That is precisely why we feel honoured to have this opportunity to celebrate business owners and shine a spotlight on those that have gone above and beyond to keep their businesses running and offer outstanding service and support to their customers and the Australian community at large." “We would also like to take this opportunity to thank everyone for their continued efforts. We wish you all the very best and look forward to celebrating your achievements in December.”   A shine of certainty in an uncertain world SendGold wins best Investment Innovation at the Finder Innovation Awards 2020 Insights – Gold gaining on the US dollar ahead of the US election  

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


Mark Pey

November 9, 2020

In a season of political and economic uncertainty, it’s understandable for people to feel unsure about what may lie ahead. Even the official winner of the U.S. election will not be certified under U.S. law until at least 8 December, celebratory pronouncements in the news media notwithstanding. So as we endure continued uncertainty on that front it’s useful to take stock of a few of the certainties we can rely on as we think about how to protect and grow our wealth in the coming months and years. So what do we know for certain about those coming months and years?

  • We know for certain that under the policy change announced by The Reserve Bank of Australia last week that someone depositing $10,000 in the bank at the end of one year will now receive an interest payment of $10 instead of the previous $25.
  • We know for certain that The Reserve Bank’s publicly stated policy is to further reduce the value of the Australian dollar through their newly created Quantitative Easing (QE) policy. This also applies to other regions and currencies with QE including the U.S. and the Eurozone.
  • We know for certain that governments around the world including the U.S. are borrowing unprecedented amounts to battle the economic effects of the COVID lockdowns.
  • We know that those extra borrowings (estimated at more than $400 billion so far for Australia alone and more than $5 trillion in the U.S.) manifest as an increased quantity of money against a relatively fixed (or even diminishing) quantity of goods and services.
  • We know for certain that such rapid increases in the supply of money can lead to a repricing of goods and services based on the new quantity of money.
  • We know that The Reserve Bank last week cited the first evidence of this “repricing” of goods and services when they reported that the official price of food had risen 1.6% in the previous quarter (6.4% annualised).
So it’s understandable for people to feel glum and uncertain! But luckily there is also some very good news on the “certainty” side of the ledger.
  • We know for certain that someone who deposited $10,000 into a gold account one year ago will today find the value of that account is more than $12,000.
  • We know for certain that prior gold bull markets have seen investors receive triple-digit and even quadruple-digit gains, with the one starting in 1971 returning 2,100% and the one starting in 1999 returning 670%.
  • We know for certain that all SendGold customers are the individual outright owners of physical gold bullion, fully segregated from our company assets and from the banking system and protected from confiscation by the property rights enshrined in the Australian Constitution.
  • We know for certain that The International Property Rights Alliance has stated that Australian property rights are some of the strongest in the world and that it is absolutely illegal for local, state, or Federal officials to seize someone’s property without due process of law.
Uncertain times can lead people to fear and inaction but we think instead they should be times for people to act to make sure their wealth is protected. Certainly! With SendGold.   SendGold wins best Investment Innovation at the Finder Innovation Awards 2020 Insights – Gold gaining on the US dollar ahead of the US election Positioning with gold for election uncertainty  

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


SendGold

August 26, 2020

Gold Market Update

Gold prices dipped to USD $1934 last week after 9 straight weekly gains in a row. Prices settled slightly lower for the week as profit-taking and technical selling gained the upper hand. The sell-off looks to be an extension of the market’s reaction earlier in the week when the Fed released minutes revealing it would forego yield curve control for now – a policy that would have ensured lower interest rates at the long end of the rate spectrum. Every probe lower in the gold price has been met by strong bargain-hunting buying, which seems to be consistent and strong enough to be coming from larger pools of capital (banks, governments, and other large investors).

Gold price this month in AUD/OZ

SendGold Viewpoints

This week in our blog we discussed the news that legendary investor Warren Buffett was buying shares in gold mining company Barrick Gold. In the article, we also quoted Buffet’s much less-famous father Howard Buffett: “The owner of gold redeemable currency has economic independence. He can move around either within or without his country because his money holdings have accepted value anywhere.” https://www.sendgold.com/a-tale-of-two-buffets/

Gold in the News

Here are a few articles trending on the subject of gold. First, the “strong bull” case: Frank Holmes, CEO and chief investment officer of U.S. Global Investors, says “it is quite easy to see gold going to $4,000”: https://www.cnbc.com/video/2020/08/10/gold-could-hit-4000-in-next-three-years-us-global-investors.htm Wilmington Trust, with USD $114 Billion under management, added gold to their recommendations last week. “We’ve had a really rapid run in the equity market. If we did see a little bit of risk being taken off the table by investors, we would expect gold to do well. But it also can do well in ... a really rapid recovery.” https://www.cnbc.com/2020/08/23/wilmington-trusts-meghan-shue-flags-cyclical-trade-opportunities.html Professor Richard Werner is one of the first academics in the world to bring attention to the fact that banks create money from nothing. This is something even The Bank of England would not admit for nearly four hundred years (they finally fessed up officially in 2014). We’re also big fans of the documentary based on his work entitled “Princes of the Yen”. His work puts the comparison with gold, which cannot be printed by governments or bankers, into high relief. https://thenewdaily.com.au/finance/finance-news/2017/01/03/how-banks-create-money/

This week we highlight the opinions of Mohammed El-Erian. El-Erian is the former CEO of PIMCO, the world’s largest bond investment firm, where he was responsible for setting the strategic direction of the firm and leading its operations globally.

El-Erian has served on several boards, including the U.S. Treasury Borrowing Advisory Committee, the International Center for Research on Women, the IMF's Committee of Eminent Persons, and the Peterson Institute for International Economics. He is widely considered to be one of the world’s foremost macro-economists. Last week El-Erian wrote a Financial Times editorial in which he outlined his views on gold: Gold has something for everyone “Until recently, the rapid rise in the price of gold had more to do with opportunistic financial trading than any larger structural investment theme, let alone a drop in physical supply or an increase in industrial use. Now, the metal is seen to offer something for everyone”. Gold a more attractive substitute for government bonds “You need only look at real yields on government bonds after adjusting for inflation to see why so many investors are buying gold as a long-term option”. “Contrary to what most textbooks would suggest, the recent drop in nominal yields has coincided with a rise in inflationary expectations. This makes gold a more attractive substitute for government bonds in two ways:
  1. Investors who opt for gold forgo less income than they would if bond yields were higher.
  2. They also hedge against what would be a dramatic loss in the value of those bonds, should central banks stop trying to keep interest rates low by flooring official rates and buying massive amounts of market securities”.
El-Erian gave a balanced and wide-ranging interview on Bloomberg last week, in which he touched on the many reasons why investors are turning to gold in the current market and economic environment. Watch the Bloomberg interview with Mohammed El-Erian: https://www.youtube.com/watch?v=TA8_O7SySwo

SendGold Handy Hints

You can now select how you want to see your gold holdings and gold pricing.
  • You can still choose our unit G, but also troy ounce, milligram, Chinese tael, dinar or HK tael.
  • Simply click on the yellow circle with the unit on your home screen or on the pricing graphs.
You can now also view live gold prices on the app without logging in to your account. Remember to keep your app updated to be sure you benefit from all our new features. Remember, we are here to answer any questions. Just email us on customerteam@sendgold.com.


Mark Pey

August 18, 2020

People paying attention to gold were treated to an interesting headline this week:  https://edition.cnn.com/2020/08/17/ investing/barrick-gold-warren-buffett-trnd/index.html This news was met with a surprising amount of commentary, mostly because Warren Buffett is famously on record as saying that: “Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.” Many commentators noted that Buffett had sold key bank stock holdings at the same time, and that he was not exactly buying gold but rather shares in a gold mining company (Barrick Gold). But maybe The Oracle of Omaha noticed that the precious yellow metal with no utility has actually outperformed the shares in Buffett’s much-admired investment company Berkshire Hathaway? The chart below shows a comparison, even before gold’s recent price runup: https://bmg-group.com/gold-outperforms-berkshire-hathaway/ Here at SendGold we think it’s even more interesting to consider what another Buffett has said about gold. This other Buffett was Warren’s father, the Honourable Howard Buffett, former U.S. Congressman from Nebraska. A young Warren Buffett poses with his father Howard Buffett In an article entitled “Human Freedom Rests on Gold Redeemable Money”, Warren’s dad Howard hits many of the fundamental reasons we believe that people should own gold: “The owner of gold redeemable currency has economic independence. He can move around either within or without his country because his money holdings have accepted value anywhere.” “The subject of a Hitler or a Stalin is a serf by the mere fact that his money can be called in and depreciated at the whim of his rulers… Under such conditions the individual citizen is deprived of freedom of movement. He is prevented from laying away purchasing power for the future. He becomes dependent upon the goodwill of the politicians for his daily bread.” “I will not take time to review the history of paper money experiments. So far as I can discover, paper money systems have always wound up with collapse and economic chaos.” Howard Buffett even foresaw our current global experiments with “quantitative easing” (QE), quoting then President of the Federal Reserve Bank of New York, Mr. Allan Sproul:  "Without our support (the Federal Reserve System), under present conditions, almost any sale of government bonds, undertaken for whatever purpose, laudable or otherwise, would be likely to find an almost bottomless market on the first day support was withdrawn." Congressman Buffett’s letter is worth reading in whole: https://buygoldandsilversafely.com/wp-content/uploads/2018/04/human-freedom-rests-on-gold-redeemable-money.pdf So like father, like son? The good news is that you can be your own Warren (or Howard) Buffett. With SendGold.   Insights – SendGold featured in the AFR on the importance of owning direct title to your gold Insights – is the ‘party’ in gold just getting started? Insights – what Wirecard teaches us about life post-Covid  

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


SendGold

August 9, 2020

Gold Market Update

Gold rose last week, smashing its all time peak of USD 2,000, as a sliding dollar and dire economic numbers from far and wide sparked a rush to safety in bullion, which saw its biggest monthly gain since February 2016. Put differently, this means that everyone who has ever purchased gold in the past is now showing a profit.     Prices hit a record USD $2,000 on Tuesday and are up over 10% in July. The macro-environment for gold still remains very positive and prices continue to track real rates. Extreme weakness in the U.S. dollar has helped buoy gold prices further. The dollar was on track for its biggest monthly drop in almost a decade. Data showed the U.S. economy suffered its harshest blow since the Great Depression in the second quarter due to the pandemic, while investors also geared up for an uncertain political situation in the country. 

Gold price this month in AUD/OZ

 

 SendGold Viewpoints

This week our CEO Jodi Stanton was interviewed by Aleks Vickovich, wealth editor of the Australian Financial Review, on the outlook of gold price and the importance of owning direct title to your gold. Read the full page article: https://bit.ly/3363Dg2

Gold in the News

Here are a few articles trending on the subject of gold.  Western investors piling into gold in the pandemic are more than making up for a collapse in demand for physical metal from traditional retail buyers in China and India, helping push prices to all time highs: https://economictimes.indiatimes.com/markets/stocks/news/gold-funds-underpin-pandemic-price-rally-as-jewelers-vanish/articleshow/76793773.cms   It’s remarkable to see the Bank for International Settlements, the “central bank of central banks”, state the following: “In a fiat money system, where money is not backed by a physical asset, such as gold, trust ultimately depends on the general acceptance of pieces of paper that cannot be redeemed in anything but themselves”.  Their detailed June 2020 report gives an “insider’s insider” view of where we may be heading (PDF): https://www.bis.org/publ/arpdf/ar2020e3.pdf Should the U.S. Federal Reserve reduce base interest rates to negative territory, gold would likely be catapulted to fresh all-time highs, according to Standard Chartered Bank. Investors still appear to be under allocated to gold, and negative rates could draw interest from retail to the official sector: https://www.spglobal.com/platts/en/market-insights/latest-news/metals/052920-negative-us-interest-rates-could-push-gold-price-to-all-time-high-bank

This week we highlight the excellent ongoing analysis by The World Gold Council. Generally, their analysis supports the view that prices of a commodity are set at the margins.

In other words, it is not what the great stock of gold does, it’s the additional marginal demand (or lack thereof) by various sectors (jewellery, investment) that determine the price:  “First half jewellery demand was hammered by market lockdowns and gold prices reaching record highs in various currencies” H1 jewellery demand almost halved to 572 tonnes amid the global disruption caused by COVID-19. The impact of the pandemic was unsparing and Q2 demand fell to an unprecedented 251 tonnes. “H1 global investment demand hit an all-time high of 1,130.7 tonnes with a record value of US $60bn” Mounting expectations for the global economic recovery to be ‘U’- or ‘W’- rather than ‘V’-shaped are supporting demand for gold as a risk-diversifying asset. And while stock markets across the globe have enjoyed a recovery from the Q1 sharp correction, valuations in some areas are arguably getting a little frothy – throwing the spotlight on gold’s properties as a hedge to balance investment in riskier assets. “Gold: East versus West” Buyers in the East tend to buy more when prices are low or falling. Buyers in the West tend to buy more when prices are high or rising. “The profit-taking motive dominated sentiment in the East, while safe-haven buying and momentum investment took centre stage in Western markets, where investors added to their holdings amid economic uncertainty and expectations of further price gains”. To read the World Gold Council Q2 2020 report click here: https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q2-2020

SendGold Handy Hints

You can earn gold in your account by referring a friend to SendGold: There’s an easy way to earn more gold in your SendGold account. Simply press the Send button in the app, select the amount you wish to send, and enter the recipient’s email or mobile number. Your recipient will get a link to the app and when they register their gold will be waiting for them. They can now buy more, cash out and receive funds to their bank, or send some on to one of their friends. If your recipient does not register and receive their gold within 25 calendar days we simply return the gold you sent back to your account. Simple! Remember, we are here to answer any questions. Just email us on customerteam@sendgold.com.


SendGold

November 10, 2020

Shortlisted for the MyBusiness Awards 2020, SendGold, has been recognised in three categories this year: Finance Business of the Year, Innovator of the Year, and Fintech Business of the Year. Commenting on these nominations, Jodi Stanton shared, "SendGold has seen spectacular growth during 2020 as retail investors from around the world add more gold to their portfolios to balance some of the market risks ahead. And as a Gold as a Service platform, 2021 is looking to be a big year for us as our business customer pipeline continues to grow around the world. We are at the beginning of our journey, and we are honoured and excited to be recognised for our vision and hard work to date.” The MyBusiness Awards is the benchmark for excellence in Australia and the largest independent awards program celebrating SME business owners and professionals. Award recipients represent a cross-section of the SME industry, recognising the best of the best, highlighting and celebrating outstanding achievements and providing winners with a desirable accolade. The finalist list, which was announced on Friday, 6 November, features over 250 high-achieving individuals and businesses across 30+ submission-based categories. “This year’s MyBusiness Awards carry more weight than ever, given the unparalleled hardship small- to medium-sized business owners have experienced since the onset of 2020,” said MyBusiness editor, Maja Garaca Djurdjevic. “That is precisely why we feel honoured to have this opportunity to celebrate business owners and shine a spotlight on those that have gone above and beyond to keep their businesses running and offer outstanding service and support to their customers and the Australian community at large." “We would also like to take this opportunity to thank everyone for their continued efforts. We wish you all the very best and look forward to celebrating your achievements in December.”   A shine of certainty in an uncertain world SendGold wins best Investment Innovation at the Finder Innovation Awards 2020 Insights – Gold gaining on the US dollar ahead of the US election  

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


Mark Pey

November 9, 2020

In a season of political and economic uncertainty, it’s understandable for people to feel unsure about what may lie ahead. Even the official winner of the U.S. election will not be certified under U.S. law until at least 8 December, celebratory pronouncements in the news media notwithstanding. So as we endure continued uncertainty on that front it’s useful to take stock of a few of the certainties we can rely on as we think about how to protect and grow our wealth in the coming months and years. So what do we know for certain about those coming months and years?

  • We know for certain that under the policy change announced by The Reserve Bank of Australia last week that someone depositing $10,000 in the bank at the end of one year will now receive an interest payment of $10 instead of the previous $25.
  • We know for certain that The Reserve Bank’s publicly stated policy is to further reduce the value of the Australian dollar through their newly created Quantitative Easing (QE) policy. This also applies to other regions and currencies with QE including the U.S. and the Eurozone.
  • We know for certain that governments around the world including the U.S. are borrowing unprecedented amounts to battle the economic effects of the COVID lockdowns.
  • We know that those extra borrowings (estimated at more than $400 billion so far for Australia alone and more than $5 trillion in the U.S.) manifest as an increased quantity of money against a relatively fixed (or even diminishing) quantity of goods and services.
  • We know for certain that such rapid increases in the supply of money can lead to a repricing of goods and services based on the new quantity of money.
  • We know that The Reserve Bank last week cited the first evidence of this “repricing” of goods and services when they reported that the official price of food had risen 1.6% in the previous quarter (6.4% annualised).
So it’s understandable for people to feel glum and uncertain! But luckily there is also some very good news on the “certainty” side of the ledger.
  • We know for certain that someone who deposited $10,000 into a gold account one year ago will today find the value of that account is more than $12,000.
  • We know for certain that prior gold bull markets have seen investors receive triple-digit and even quadruple-digit gains, with the one starting in 1971 returning 2,100% and the one starting in 1999 returning 670%.
  • We know for certain that all SendGold customers are the individual outright owners of physical gold bullion, fully segregated from our company assets and from the banking system and protected from confiscation by the property rights enshrined in the Australian Constitution.
  • We know for certain that The International Property Rights Alliance has stated that Australian property rights are some of the strongest in the world and that it is absolutely illegal for local, state, or Federal officials to seize someone’s property without due process of law.
Uncertain times can lead people to fear and inaction but we think instead they should be times for people to act to make sure their wealth is protected. Certainly! With SendGold.   SendGold wins best Investment Innovation at the Finder Innovation Awards 2020 Insights – Gold gaining on the US dollar ahead of the US election Positioning with gold for election uncertainty  

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


SendGold

August 26, 2020

Gold Market Update

Gold prices dipped to USD $1934 last week after 9 straight weekly gains in a row. Prices settled slightly lower for the week as profit-taking and technical selling gained the upper hand. The sell-off looks to be an extension of the market’s reaction earlier in the week when the Fed released minutes revealing it would forego yield curve control for now – a policy that would have ensured lower interest rates at the long end of the rate spectrum. Every probe lower in the gold price has been met by strong bargain-hunting buying, which seems to be consistent and strong enough to be coming from larger pools of capital (banks, governments, and other large investors).

Gold price this month in AUD/OZ

SendGold Viewpoints

This week in our blog we discussed the news that legendary investor Warren Buffett was buying shares in gold mining company Barrick Gold. In the article, we also quoted Buffet’s much less-famous father Howard Buffett: “The owner of gold redeemable currency has economic independence. He can move around either within or without his country because his money holdings have accepted value anywhere.” https://www.sendgold.com/a-tale-of-two-buffets/

Gold in the News

Here are a few articles trending on the subject of gold. First, the “strong bull” case: Frank Holmes, CEO and chief investment officer of U.S. Global Investors, says “it is quite easy to see gold going to $4,000”: https://www.cnbc.com/video/2020/08/10/gold-could-hit-4000-in-next-three-years-us-global-investors.htm Wilmington Trust, with USD $114 Billion under management, added gold to their recommendations last week. “We’ve had a really rapid run in the equity market. If we did see a little bit of risk being taken off the table by investors, we would expect gold to do well. But it also can do well in ... a really rapid recovery.” https://www.cnbc.com/2020/08/23/wilmington-trusts-meghan-shue-flags-cyclical-trade-opportunities.html Professor Richard Werner is one of the first academics in the world to bring attention to the fact that banks create money from nothing. This is something even The Bank of England would not admit for nearly four hundred years (they finally fessed up officially in 2014). We’re also big fans of the documentary based on his work entitled “Princes of the Yen”. His work puts the comparison with gold, which cannot be printed by governments or bankers, into high relief. https://thenewdaily.com.au/finance/finance-news/2017/01/03/how-banks-create-money/

This week we highlight the opinions of Mohammed El-Erian. El-Erian is the former CEO of PIMCO, the world’s largest bond investment firm, where he was responsible for setting the strategic direction of the firm and leading its operations globally.

El-Erian has served on several boards, including the U.S. Treasury Borrowing Advisory Committee, the International Center for Research on Women, the IMF's Committee of Eminent Persons, and the Peterson Institute for International Economics. He is widely considered to be one of the world’s foremost macro-economists. Last week El-Erian wrote a Financial Times editorial in which he outlined his views on gold: Gold has something for everyone “Until recently, the rapid rise in the price of gold had more to do with opportunistic financial trading than any larger structural investment theme, let alone a drop in physical supply or an increase in industrial use. Now, the metal is seen to offer something for everyone”. Gold a more attractive substitute for government bonds “You need only look at real yields on government bonds after adjusting for inflation to see why so many investors are buying gold as a long-term option”. “Contrary to what most textbooks would suggest, the recent drop in nominal yields has coincided with a rise in inflationary expectations. This makes gold a more attractive substitute for government bonds in two ways:
  1. Investors who opt for gold forgo less income than they would if bond yields were higher.
  2. They also hedge against what would be a dramatic loss in the value of those bonds, should central banks stop trying to keep interest rates low by flooring official rates and buying massive amounts of market securities”.
El-Erian gave a balanced and wide-ranging interview on Bloomberg last week, in which he touched on the many reasons why investors are turning to gold in the current market and economic environment. Watch the Bloomberg interview with Mohammed El-Erian: https://www.youtube.com/watch?v=TA8_O7SySwo

SendGold Handy Hints

You can now select how you want to see your gold holdings and gold pricing.
  • You can still choose our unit G, but also troy ounce, milligram, Chinese tael, dinar or HK tael.
  • Simply click on the yellow circle with the unit on your home screen or on the pricing graphs.
You can now also view live gold prices on the app without logging in to your account. Remember to keep your app updated to be sure you benefit from all our new features. Remember, we are here to answer any questions. Just email us on customerteam@sendgold.com.


Mark Pey

August 18, 2020

People paying attention to gold were treated to an interesting headline this week:  https://edition.cnn.com/2020/08/17/ investing/barrick-gold-warren-buffett-trnd/index.html This news was met with a surprising amount of commentary, mostly because Warren Buffett is famously on record as saying that: “Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.” Many commentators noted that Buffett had sold key bank stock holdings at the same time, and that he was not exactly buying gold but rather shares in a gold mining company (Barrick Gold). But maybe The Oracle of Omaha noticed that the precious yellow metal with no utility has actually outperformed the shares in Buffett’s much-admired investment company Berkshire Hathaway? The chart below shows a comparison, even before gold’s recent price runup: https://bmg-group.com/gold-outperforms-berkshire-hathaway/ Here at SendGold we think it’s even more interesting to consider what another Buffett has said about gold. This other Buffett was Warren’s father, the Honourable Howard Buffett, former U.S. Congressman from Nebraska. A young Warren Buffett poses with his father Howard Buffett In an article entitled “Human Freedom Rests on Gold Redeemable Money”, Warren’s dad Howard hits many of the fundamental reasons we believe that people should own gold: “The owner of gold redeemable currency has economic independence. He can move around either within or without his country because his money holdings have accepted value anywhere.” “The subject of a Hitler or a Stalin is a serf by the mere fact that his money can be called in and depreciated at the whim of his rulers… Under such conditions the individual citizen is deprived of freedom of movement. He is prevented from laying away purchasing power for the future. He becomes dependent upon the goodwill of the politicians for his daily bread.” “I will not take time to review the history of paper money experiments. So far as I can discover, paper money systems have always wound up with collapse and economic chaos.” Howard Buffett even foresaw our current global experiments with “quantitative easing” (QE), quoting then President of the Federal Reserve Bank of New York, Mr. Allan Sproul:  "Without our support (the Federal Reserve System), under present conditions, almost any sale of government bonds, undertaken for whatever purpose, laudable or otherwise, would be likely to find an almost bottomless market on the first day support was withdrawn." Congressman Buffett’s letter is worth reading in whole: https://buygoldandsilversafely.com/wp-content/uploads/2018/04/human-freedom-rests-on-gold-redeemable-money.pdf So like father, like son? The good news is that you can be your own Warren (or Howard) Buffett. With SendGold.   Insights – SendGold featured in the AFR on the importance of owning direct title to your gold Insights – is the ‘party’ in gold just getting started? Insights – what Wirecard teaches us about life post-Covid  

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


SendGold

August 9, 2020

Gold Market Update

Gold rose last week, smashing its all time peak of USD 2,000, as a sliding dollar and dire economic numbers from far and wide sparked a rush to safety in bullion, which saw its biggest monthly gain since February 2016. Put differently, this means that everyone who has ever purchased gold in the past is now showing a profit.     Prices hit a record USD $2,000 on Tuesday and are up over 10% in July. The macro-environment for gold still remains very positive and prices continue to track real rates. Extreme weakness in the U.S. dollar has helped buoy gold prices further. The dollar was on track for its biggest monthly drop in almost a decade. Data showed the U.S. economy suffered its harshest blow since the Great Depression in the second quarter due to the pandemic, while investors also geared up for an uncertain political situation in the country. 

Gold price this month in AUD/OZ

 

 SendGold Viewpoints

This week our CEO Jodi Stanton was interviewed by Aleks Vickovich, wealth editor of the Australian Financial Review, on the outlook of gold price and the importance of owning direct title to your gold. Read the full page article: https://bit.ly/3363Dg2

Gold in the News

Here are a few articles trending on the subject of gold.  Western investors piling into gold in the pandemic are more than making up for a collapse in demand for physical metal from traditional retail buyers in China and India, helping push prices to all time highs: https://economictimes.indiatimes.com/markets/stocks/news/gold-funds-underpin-pandemic-price-rally-as-jewelers-vanish/articleshow/76793773.cms   It’s remarkable to see the Bank for International Settlements, the “central bank of central banks”, state the following: “In a fiat money system, where money is not backed by a physical asset, such as gold, trust ultimately depends on the general acceptance of pieces of paper that cannot be redeemed in anything but themselves”.  Their detailed June 2020 report gives an “insider’s insider” view of where we may be heading (PDF): https://www.bis.org/publ/arpdf/ar2020e3.pdf Should the U.S. Federal Reserve reduce base interest rates to negative territory, gold would likely be catapulted to fresh all-time highs, according to Standard Chartered Bank. Investors still appear to be under allocated to gold, and negative rates could draw interest from retail to the official sector: https://www.spglobal.com/platts/en/market-insights/latest-news/metals/052920-negative-us-interest-rates-could-push-gold-price-to-all-time-high-bank

This week we highlight the excellent ongoing analysis by The World Gold Council. Generally, their analysis supports the view that prices of a commodity are set at the margins.

In other words, it is not what the great stock of gold does, it’s the additional marginal demand (or lack thereof) by various sectors (jewellery, investment) that determine the price:  “First half jewellery demand was hammered by market lockdowns and gold prices reaching record highs in various currencies” H1 jewellery demand almost halved to 572 tonnes amid the global disruption caused by COVID-19. The impact of the pandemic was unsparing and Q2 demand fell to an unprecedented 251 tonnes. “H1 global investment demand hit an all-time high of 1,130.7 tonnes with a record value of US $60bn” Mounting expectations for the global economic recovery to be ‘U’- or ‘W’- rather than ‘V’-shaped are supporting demand for gold as a risk-diversifying asset. And while stock markets across the globe have enjoyed a recovery from the Q1 sharp correction, valuations in some areas are arguably getting a little frothy – throwing the spotlight on gold’s properties as a hedge to balance investment in riskier assets. “Gold: East versus West” Buyers in the East tend to buy more when prices are low or falling. Buyers in the West tend to buy more when prices are high or rising. “The profit-taking motive dominated sentiment in the East, while safe-haven buying and momentum investment took centre stage in Western markets, where investors added to their holdings amid economic uncertainty and expectations of further price gains”. To read the World Gold Council Q2 2020 report click here: https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q2-2020

SendGold Handy Hints

You can earn gold in your account by referring a friend to SendGold: There’s an easy way to earn more gold in your SendGold account. Simply press the Send button in the app, select the amount you wish to send, and enter the recipient’s email or mobile number. Your recipient will get a link to the app and when they register their gold will be waiting for them. They can now buy more, cash out and receive funds to their bank, or send some on to one of their friends. If your recipient does not register and receive their gold within 25 calendar days we simply return the gold you sent back to your account. Simple! Remember, we are here to answer any questions. Just email us on customerteam@sendgold.com.


SendGold

July 23, 2020

Gold Market Update

Gold prices edged higher on Monday as rising numbers of coronavirus cases around the world raised concerns over the pace of economic recovery, while investors awaited the European Union's decision on a proposed recovery fund. Spot gold rose 0.3% to $1,814.38 per ounce, while U.S. gold futures were also 0.3% higher at $1,815.70. Last week the USD gold price hit the highest level in 9 years. Today it rose even further. Coronavirus cases continue to surge in the United States, and experts at the U.S. Centers for Disease Control and Prevention have warned that cases and deaths could rise this autumn and winter. The increase in the number of (Covid-19) infections in countries like the U.S., Brazil and India will make it take longer for economies to recover. Uncertainties remain high, supporting gold prices.

Gold price this month in AUD/OZ

SendGold Viewpoints

"It’s 2020 and we are currently living through unprecedented times. People and economies around the world are struggling and money is drastically losing value. However, there is one solution that has proven over and over again to be the safest form of investment: gold. And it’s this precious metal that is the main product of Aussie startup SendGold. For this episode of our ‘Leaders of Tomorrow’ webseries, Sendgold’s co-founder & CEO Jodi Stanton told us how they got started working on the app and what they are working on for the near future."

Gold in the News

Here are a few articles trending on the subject of gold. Gold prices keep rising, powered by a trifecta of uncertainty among investors, runaway government spending, and rock-bottom interest rates for years to come. Even though the metal has already come a long way, there’s not much to stop it from grinding even higher to new record highs: https://www.actionforex.com/contributors/fundamental-analysis/310171-is-the-party-in-gold-just-getting-started/ The World Gold Council's 2020 Central Bank Gold Reserves Survey of 51 banks revealed that 88% chose "negative interest rates" as a relevant factor, which the council said would likely be reinforced in the post-COVID-19 era as "continued monetary expansion will keep global rates low or negative for the foreseeable future, a situation that increases gold's attractiveness relative to fixed income." https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/central-banks-still-bullish-on-gold-as-us-fed-flags-more-pain-from-coronavirus-59040493 Why ‘safe haven’ gold and the stock market are now moving the same direction. Efforts by global central banks to push down interest rates, which have fallen into negative territory in real or inflation-adjusted terms, in the U.S. and are outright negative in many parts of the world, mean that investors who hold gold aren’t missing out on the yield they would earn from holding bonds in more usual circumstances. https://www.marketwatch.com/story/why-safe-haven-gold-is-acting-like-a-risk-on-asset-as-it-soars-toward-an-all-time-high-2020-07-09

This week, we highlight a video on the subject of global macroeconomics on The Investor’s Podcast Network.

The podcast is quite dense and is aimed at market professionals, but we think it’s worth a listen by people who want to make sense of the current investment, economic, and political situation. It touches on the reasons to own gold in the current environment. The podcast includes Grant Williams (a SendGold colleague who produced the excellent video series we highlighted in our previous newsletter) and analyst Luke Gromen. Gold compared to U.S. Treasury bonds Luke Gromen: “I would rather own a zero-interest bond with infinite duration and limited issuance (gold) than a super-low interest bond of finite duration and unlimited issuance (U.S. Treasuries). Money printing versus tax receipts Grant Williams: “For the first time ever, the amount of money printed by the Fed has exceeded the total tax receipts of the U.S. Government over the previous 12 months. They took in $3.26 trillion and they printed $3.31 trillion. When you talk about off the charts, they are literally off the charts”. When the U.S. Treasury market ceased to function Luke Gromen: “I think The Fed thought it was all fun and games with the risk-off until the Treasury market lost an eye. What we’re really talking about here, the United States for the first time in our careers and in our memories was seeing its sovereign bond market and its sovereign bonds underpin the whole shooting match, of course, they were trading like emerging market bonds with a fiscal problem”. To listen to the Investor’s Podcast Network round table, click here: https://www.youtube.com/watch?v=EkWt5xLg9oM

SendGold Handy Hints

You can get a list of all of your transactions instantly sent to your email - a useful feature at tax time. In the menu, select 'Transactions'. In the upper right corner, you’ll see an envelope icon. Simply press this icon. Remember, we are here to answer any questions. Just email us on customerteam@sendgold.com.


SendGold

November 10, 2020

Shortlisted for the MyBusiness Awards 2020, SendGold, has been recognised in three categories this year: Finance Business of the Year, Innovator of the Year, and Fintech Business of the Year. Commenting on these nominations, Jodi Stanton shared, "SendGold has seen spectacular growth during 2020 as retail investors from around the world add more gold to their portfolios to balance some of the market risks ahead. And as a Gold as a Service platform, 2021 is looking to be a big year for us as our business customer pipeline continues to grow around the world. We are at the beginning of our journey, and we are honoured and excited to be recognised for our vision and hard work to date.” The MyBusiness Awards is the benchmark for excellence in Australia and the largest independent awards program celebrating SME business owners and professionals. Award recipients represent a cross-section of the SME industry, recognising the best of the best, highlighting and celebrating outstanding achievements and providing winners with a desirable accolade. The finalist list, which was announced on Friday, 6 November, features over 250 high-achieving individuals and businesses across 30+ submission-based categories. “This year’s MyBusiness Awards carry more weight than ever, given the unparalleled hardship small- to medium-sized business owners have experienced since the onset of 2020,” said MyBusiness editor, Maja Garaca Djurdjevic. “That is precisely why we feel honoured to have this opportunity to celebrate business owners and shine a spotlight on those that have gone above and beyond to keep their businesses running and offer outstanding service and support to their customers and the Australian community at large." “We would also like to take this opportunity to thank everyone for their continued efforts. We wish you all the very best and look forward to celebrating your achievements in December.”   A shine of certainty in an uncertain world SendGold wins best Investment Innovation at the Finder Innovation Awards 2020 Insights – Gold gaining on the US dollar ahead of the US election  

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


Mark Pey

November 9, 2020

In a season of political and economic uncertainty, it’s understandable for people to feel unsure about what may lie ahead. Even the official winner of the U.S. election will not be certified under U.S. law until at least 8 December, celebratory pronouncements in the news media notwithstanding. So as we endure continued uncertainty on that front it’s useful to take stock of a few of the certainties we can rely on as we think about how to protect and grow our wealth in the coming months and years. So what do we know for certain about those coming months and years?

  • We know for certain that under the policy change announced by The Reserve Bank of Australia last week that someone depositing $10,000 in the bank at the end of one year will now receive an interest payment of $10 instead of the previous $25.
  • We know for certain that The Reserve Bank’s publicly stated policy is to further reduce the value of the Australian dollar through their newly created Quantitative Easing (QE) policy. This also applies to other regions and currencies with QE including the U.S. and the Eurozone.
  • We know for certain that governments around the world including the U.S. are borrowing unprecedented amounts to battle the economic effects of the COVID lockdowns.
  • We know that those extra borrowings (estimated at more than $400 billion so far for Australia alone and more than $5 trillion in the U.S.) manifest as an increased quantity of money against a relatively fixed (or even diminishing) quantity of goods and services.
  • We know for certain that such rapid increases in the supply of money can lead to a repricing of goods and services based on the new quantity of money.
  • We know that The Reserve Bank last week cited the first evidence of this “repricing” of goods and services when they reported that the official price of food had risen 1.6% in the previous quarter (6.4% annualised).
So it’s understandable for people to feel glum and uncertain! But luckily there is also some very good news on the “certainty” side of the ledger.
  • We know for certain that someone who deposited $10,000 into a gold account one year ago will today find the value of that account is more than $12,000.
  • We know for certain that prior gold bull markets have seen investors receive triple-digit and even quadruple-digit gains, with the one starting in 1971 returning 2,100% and the one starting in 1999 returning 670%.
  • We know for certain that all SendGold customers are the individual outright owners of physical gold bullion, fully segregated from our company assets and from the banking system and protected from confiscation by the property rights enshrined in the Australian Constitution.
  • We know for certain that The International Property Rights Alliance has stated that Australian property rights are some of the strongest in the world and that it is absolutely illegal for local, state, or Federal officials to seize someone’s property without due process of law.
Uncertain times can lead people to fear and inaction but we think instead they should be times for people to act to make sure their wealth is protected. Certainly! With SendGold.   SendGold wins best Investment Innovation at the Finder Innovation Awards 2020 Insights – Gold gaining on the US dollar ahead of the US election Positioning with gold for election uncertainty  

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


SendGold

August 26, 2020

Gold Market Update

Gold prices dipped to USD $1934 last week after 9 straight weekly gains in a row. Prices settled slightly lower for the week as profit-taking and technical selling gained the upper hand. The sell-off looks to be an extension of the market’s reaction earlier in the week when the Fed released minutes revealing it would forego yield curve control for now – a policy that would have ensured lower interest rates at the long end of the rate spectrum. Every probe lower in the gold price has been met by strong bargain-hunting buying, which seems to be consistent and strong enough to be coming from larger pools of capital (banks, governments, and other large investors).

Gold price this month in AUD/OZ

SendGold Viewpoints

This week in our blog we discussed the news that legendary investor Warren Buffett was buying shares in gold mining company Barrick Gold. In the article, we also quoted Buffet’s much less-famous father Howard Buffett: “The owner of gold redeemable currency has economic independence. He can move around either within or without his country because his money holdings have accepted value anywhere.” https://www.sendgold.com/a-tale-of-two-buffets/

Gold in the News

Here are a few articles trending on the subject of gold. First, the “strong bull” case: Frank Holmes, CEO and chief investment officer of U.S. Global Investors, says “it is quite easy to see gold going to $4,000”: https://www.cnbc.com/video/2020/08/10/gold-could-hit-4000-in-next-three-years-us-global-investors.htm Wilmington Trust, with USD $114 Billion under management, added gold to their recommendations last week. “We’ve had a really rapid run in the equity market. If we did see a little bit of risk being taken off the table by investors, we would expect gold to do well. But it also can do well in ... a really rapid recovery.” https://www.cnbc.com/2020/08/23/wilmington-trusts-meghan-shue-flags-cyclical-trade-opportunities.html Professor Richard Werner is one of the first academics in the world to bring attention to the fact that banks create money from nothing. This is something even The Bank of England would not admit for nearly four hundred years (they finally fessed up officially in 2014). We’re also big fans of the documentary based on his work entitled “Princes of the Yen”. His work puts the comparison with gold, which cannot be printed by governments or bankers, into high relief. https://thenewdaily.com.au/finance/finance-news/2017/01/03/how-banks-create-money/

This week we highlight the opinions of Mohammed El-Erian. El-Erian is the former CEO of PIMCO, the world’s largest bond investment firm, where he was responsible for setting the strategic direction of the firm and leading its operations globally.

El-Erian has served on several boards, including the U.S. Treasury Borrowing Advisory Committee, the International Center for Research on Women, the IMF's Committee of Eminent Persons, and the Peterson Institute for International Economics. He is widely considered to be one of the world’s foremost macro-economists. Last week El-Erian wrote a Financial Times editorial in which he outlined his views on gold: Gold has something for everyone “Until recently, the rapid rise in the price of gold had more to do with opportunistic financial trading than any larger structural investment theme, let alone a drop in physical supply or an increase in industrial use. Now, the metal is seen to offer something for everyone”. Gold a more attractive substitute for government bonds “You need only look at real yields on government bonds after adjusting for inflation to see why so many investors are buying gold as a long-term option”. “Contrary to what most textbooks would suggest, the recent drop in nominal yields has coincided with a rise in inflationary expectations. This makes gold a more attractive substitute for government bonds in two ways:
  1. Investors who opt for gold forgo less income than they would if bond yields were higher.
  2. They also hedge against what would be a dramatic loss in the value of those bonds, should central banks stop trying to keep interest rates low by flooring official rates and buying massive amounts of market securities”.
El-Erian gave a balanced and wide-ranging interview on Bloomberg last week, in which he touched on the many reasons why investors are turning to gold in the current market and economic environment. Watch the Bloomberg interview with Mohammed El-Erian: https://www.youtube.com/watch?v=TA8_O7SySwo

SendGold Handy Hints

You can now select how you want to see your gold holdings and gold pricing.
  • You can still choose our unit G, but also troy ounce, milligram, Chinese tael, dinar or HK tael.
  • Simply click on the yellow circle with the unit on your home screen or on the pricing graphs.
You can now also view live gold prices on the app without logging in to your account. Remember to keep your app updated to be sure you benefit from all our new features. Remember, we are here to answer any questions. Just email us on customerteam@sendgold.com.


Mark Pey

August 18, 2020

People paying attention to gold were treated to an interesting headline this week:  https://edition.cnn.com/2020/08/17/ investing/barrick-gold-warren-buffett-trnd/index.html This news was met with a surprising amount of commentary, mostly because Warren Buffett is famously on record as saying that: “Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.” Many commentators noted that Buffett had sold key bank stock holdings at the same time, and that he was not exactly buying gold but rather shares in a gold mining company (Barrick Gold). But maybe The Oracle of Omaha noticed that the precious yellow metal with no utility has actually outperformed the shares in Buffett’s much-admired investment company Berkshire Hathaway? The chart below shows a comparison, even before gold’s recent price runup: https://bmg-group.com/gold-outperforms-berkshire-hathaway/ Here at SendGold we think it’s even more interesting to consider what another Buffett has said about gold. This other Buffett was Warren’s father, the Honourable Howard Buffett, former U.S. Congressman from Nebraska. A young Warren Buffett poses with his father Howard Buffett In an article entitled “Human Freedom Rests on Gold Redeemable Money”, Warren’s dad Howard hits many of the fundamental reasons we believe that people should own gold: “The owner of gold redeemable currency has economic independence. He can move around either within or without his country because his money holdings have accepted value anywhere.” “The subject of a Hitler or a Stalin is a serf by the mere fact that his money can be called in and depreciated at the whim of his rulers… Under such conditions the individual citizen is deprived of freedom of movement. He is prevented from laying away purchasing power for the future. He becomes dependent upon the goodwill of the politicians for his daily bread.” “I will not take time to review the history of paper money experiments. So far as I can discover, paper money systems have always wound up with collapse and economic chaos.” Howard Buffett even foresaw our current global experiments with “quantitative easing” (QE), quoting then President of the Federal Reserve Bank of New York, Mr. Allan Sproul:  "Without our support (the Federal Reserve System), under present conditions, almost any sale of government bonds, undertaken for whatever purpose, laudable or otherwise, would be likely to find an almost bottomless market on the first day support was withdrawn." Congressman Buffett’s letter is worth reading in whole: https://buygoldandsilversafely.com/wp-content/uploads/2018/04/human-freedom-rests-on-gold-redeemable-money.pdf So like father, like son? The good news is that you can be your own Warren (or Howard) Buffett. With SendGold.   Insights – SendGold featured in the AFR on the importance of owning direct title to your gold Insights – is the ‘party’ in gold just getting started? Insights – what Wirecard teaches us about life post-Covid  

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


SendGold

August 9, 2020

Gold Market Update

Gold rose last week, smashing its all time peak of USD 2,000, as a sliding dollar and dire economic numbers from far and wide sparked a rush to safety in bullion, which saw its biggest monthly gain since February 2016. Put differently, this means that everyone who has ever purchased gold in the past is now showing a profit.     Prices hit a record USD $2,000 on Tuesday and are up over 10% in July. The macro-environment for gold still remains very positive and prices continue to track real rates. Extreme weakness in the U.S. dollar has helped buoy gold prices further. The dollar was on track for its biggest monthly drop in almost a decade. Data showed the U.S. economy suffered its harshest blow since the Great Depression in the second quarter due to the pandemic, while investors also geared up for an uncertain political situation in the country. 

Gold price this month in AUD/OZ

 

 SendGold Viewpoints

This week our CEO Jodi Stanton was interviewed by Aleks Vickovich, wealth editor of the Australian Financial Review, on the outlook of gold price and the importance of owning direct title to your gold. Read the full page article: https://bit.ly/3363Dg2

Gold in the News

Here are a few articles trending on the subject of gold.  Western investors piling into gold in the pandemic are more than making up for a collapse in demand for physical metal from traditional retail buyers in China and India, helping push prices to all time highs: https://economictimes.indiatimes.com/markets/stocks/news/gold-funds-underpin-pandemic-price-rally-as-jewelers-vanish/articleshow/76793773.cms   It’s remarkable to see the Bank for International Settlements, the “central bank of central banks”, state the following: “In a fiat money system, where money is not backed by a physical asset, such as gold, trust ultimately depends on the general acceptance of pieces of paper that cannot be redeemed in anything but themselves”.  Their detailed June 2020 report gives an “insider’s insider” view of where we may be heading (PDF): https://www.bis.org/publ/arpdf/ar2020e3.pdf Should the U.S. Federal Reserve reduce base interest rates to negative territory, gold would likely be catapulted to fresh all-time highs, according to Standard Chartered Bank. Investors still appear to be under allocated to gold, and negative rates could draw interest from retail to the official sector: https://www.spglobal.com/platts/en/market-insights/latest-news/metals/052920-negative-us-interest-rates-could-push-gold-price-to-all-time-high-bank

This week we highlight the excellent ongoing analysis by The World Gold Council. Generally, their analysis supports the view that prices of a commodity are set at the margins.

In other words, it is not what the great stock of gold does, it’s the additional marginal demand (or lack thereof) by various sectors (jewellery, investment) that determine the price:  “First half jewellery demand was hammered by market lockdowns and gold prices reaching record highs in various currencies” H1 jewellery demand almost halved to 572 tonnes amid the global disruption caused by COVID-19. The impact of the pandemic was unsparing and Q2 demand fell to an unprecedented 251 tonnes. “H1 global investment demand hit an all-time high of 1,130.7 tonnes with a record value of US $60bn” Mounting expectations for the global economic recovery to be ‘U’- or ‘W’- rather than ‘V’-shaped are supporting demand for gold as a risk-diversifying asset. And while stock markets across the globe have enjoyed a recovery from the Q1 sharp correction, valuations in some areas are arguably getting a little frothy – throwing the spotlight on gold’s properties as a hedge to balance investment in riskier assets. “Gold: East versus West” Buyers in the East tend to buy more when prices are low or falling. Buyers in the West tend to buy more when prices are high or rising. “The profit-taking motive dominated sentiment in the East, while safe-haven buying and momentum investment took centre stage in Western markets, where investors added to their holdings amid economic uncertainty and expectations of further price gains”. To read the World Gold Council Q2 2020 report click here: https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q2-2020

SendGold Handy Hints

You can earn gold in your account by referring a friend to SendGold: There’s an easy way to earn more gold in your SendGold account. Simply press the Send button in the app, select the amount you wish to send, and enter the recipient’s email or mobile number. Your recipient will get a link to the app and when they register their gold will be waiting for them. They can now buy more, cash out and receive funds to their bank, or send some on to one of their friends. If your recipient does not register and receive their gold within 25 calendar days we simply return the gold you sent back to your account. Simple! Remember, we are here to answer any questions. Just email us on customerteam@sendgold.com.


SendGold

July 23, 2020

Gold Market Update

Gold prices edged higher on Monday as rising numbers of coronavirus cases around the world raised concerns over the pace of economic recovery, while investors awaited the European Union's decision on a proposed recovery fund. Spot gold rose 0.3% to $1,814.38 per ounce, while U.S. gold futures were also 0.3% higher at $1,815.70. Last week the USD gold price hit the highest level in 9 years. Today it rose even further. Coronavirus cases continue to surge in the United States, and experts at the U.S. Centers for Disease Control and Prevention have warned that cases and deaths could rise this autumn and winter. The increase in the number of (Covid-19) infections in countries like the U.S., Brazil and India will make it take longer for economies to recover. Uncertainties remain high, supporting gold prices.

Gold price this month in AUD/OZ

SendGold Viewpoints

"It’s 2020 and we are currently living through unprecedented times. People and economies around the world are struggling and money is drastically losing value. However, there is one solution that has proven over and over again to be the safest form of investment: gold. And it’s this precious metal that is the main product of Aussie startup SendGold. For this episode of our ‘Leaders of Tomorrow’ webseries, Sendgold’s co-founder & CEO Jodi Stanton told us how they got started working on the app and what they are working on for the near future."

Gold in the News

Here are a few articles trending on the subject of gold. Gold prices keep rising, powered by a trifecta of uncertainty among investors, runaway government spending, and rock-bottom interest rates for years to come. Even though the metal has already come a long way, there’s not much to stop it from grinding even higher to new record highs: https://www.actionforex.com/contributors/fundamental-analysis/310171-is-the-party-in-gold-just-getting-started/ The World Gold Council's 2020 Central Bank Gold Reserves Survey of 51 banks revealed that 88% chose "negative interest rates" as a relevant factor, which the council said would likely be reinforced in the post-COVID-19 era as "continued monetary expansion will keep global rates low or negative for the foreseeable future, a situation that increases gold's attractiveness relative to fixed income." https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/central-banks-still-bullish-on-gold-as-us-fed-flags-more-pain-from-coronavirus-59040493 Why ‘safe haven’ gold and the stock market are now moving the same direction. Efforts by global central banks to push down interest rates, which have fallen into negative territory in real or inflation-adjusted terms, in the U.S. and are outright negative in many parts of the world, mean that investors who hold gold aren’t missing out on the yield they would earn from holding bonds in more usual circumstances. https://www.marketwatch.com/story/why-safe-haven-gold-is-acting-like-a-risk-on-asset-as-it-soars-toward-an-all-time-high-2020-07-09

This week, we highlight a video on the subject of global macroeconomics on The Investor’s Podcast Network.

The podcast is quite dense and is aimed at market professionals, but we think it’s worth a listen by people who want to make sense of the current investment, economic, and political situation. It touches on the reasons to own gold in the current environment. The podcast includes Grant Williams (a SendGold colleague who produced the excellent video series we highlighted in our previous newsletter) and analyst Luke Gromen. Gold compared to U.S. Treasury bonds Luke Gromen: “I would rather own a zero-interest bond with infinite duration and limited issuance (gold) than a super-low interest bond of finite duration and unlimited issuance (U.S. Treasuries). Money printing versus tax receipts Grant Williams: “For the first time ever, the amount of money printed by the Fed has exceeded the total tax receipts of the U.S. Government over the previous 12 months. They took in $3.26 trillion and they printed $3.31 trillion. When you talk about off the charts, they are literally off the charts”. When the U.S. Treasury market ceased to function Luke Gromen: “I think The Fed thought it was all fun and games with the risk-off until the Treasury market lost an eye. What we’re really talking about here, the United States for the first time in our careers and in our memories was seeing its sovereign bond market and its sovereign bonds underpin the whole shooting match, of course, they were trading like emerging market bonds with a fiscal problem”. To listen to the Investor’s Podcast Network round table, click here: https://www.youtube.com/watch?v=EkWt5xLg9oM

SendGold Handy Hints

You can get a list of all of your transactions instantly sent to your email - a useful feature at tax time. In the menu, select 'Transactions'. In the upper right corner, you’ll see an envelope icon. Simply press this icon. Remember, we are here to answer any questions. Just email us on customerteam@sendgold.com.


SendGold

June 30, 2020

Gold Market Update

As we round out the financial year, gold continues to test the waters above the USD $1750 mark, and last week’s larger than expected US unemployment number was a source of stock market worry as are the escalating virus case numbers in a number of U.S. states. Gains for the yellow metal have come despite a rebound in equities amid the gradual restart of business activity in the wake of the coronavirus pandemic, but investors have expressed worry that the rebound for riskier assets has come too far too fast, with cautious investors viewing gold as a hedge against a reversal of equity bullishness. Monetary stimulus (i.e. money printing) from global central banks and extremely low or negative interest rates for the foreseeable future, which was confirmed in last week’s testimony by U.S. Fed chairman Jerome Powell, also helped to raise the appeal of precious metals even though they do not offer a coupon (do not pay interest).

Gold Price this month in AUD

SendGold Viewpoints

What Wirecard teaches us about life post-Covid This week we discuss the collapse of banking provider Wirecard and how it might raise some important questions for people buying gold in an ETF: https://www.sendgold.com/what-wirecard-teaches-us-about-life-post-covid-19/

Gold in the News

Here are a few articles trending on the subject of gold. 

 

This week we highlight the article “Owning Gold is as Much about Diversification as it is about Capital Appreciation” by Knowledge Leaders Capital. 

The article explores a theme we at SendGold have been discussing for a while: that gold may benefit from a “bond substitution” trade. The bond market is roughly ten times the size of all of the world’s share markets combined so the potential is very large: Gold provides a layer of diversification “These days, gold as an asset class is in an entirely unique position to not only provide upside potential but also provide a layer of diversification within a portfolio that neither stocks nor risk-free nominal bonds can achieve on their own or even together.” The death throes of the 60/40 portfolio? “Indeed, with risk-free rates so close to zero (even on the long end), bonds simply don’t have enough convexity (aka capital appreciation potential) left in the tank to act as a sufficient diversifier of equity risk. After all, if the 10-year bond yield drops to 0.00% from the current 0.68%, that would provide owners of that bond with a whopping 6% capital appreciation, which is not nearly enough to cushion a 20% or 30% equity selloff.” With interest rates at or near zero, Treasury bonds are no longer an effective hedge  “It used to be that long-term Treasury bonds could be used as a diversification tool to cushion the blow of equity selloffs because they typically appreciated a lot during market drawdowns. That negative correlation is what you want from a hedge, or diversifier. But you also need capital appreciation potential from that hedge. Bonds don’t have that anymore.” To read the full Knowledge Leaders Capital article, click here: https://www.knowledgeleaderscapital.com/2020/06/24/owning-gold-is-as-much-about-diversification-as-it-is-about-capital-appreciation/ 

SendGold Handy Hints

You can send gold to someone as a payment or gift as easily as sending them a text message! Simply select the person you want to send to from your contact list, enter the amount you wish to send them, and hit Send. We’ll do the rest! And remember, we are here to answer any questions. Just email us on customerteam@sendgold.com.


SendGold

November 10, 2020

Shortlisted for the MyBusiness Awards 2020, SendGold, has been recognised in three categories this year: Finance Business of the Year, Innovator of the Year, and Fintech Business of the Year. Commenting on these nominations, Jodi Stanton shared, "SendGold has seen spectacular growth during 2020 as retail investors from around the world add more gold to their portfolios to balance some of the market risks ahead. And as a Gold as a Service platform, 2021 is looking to be a big year for us as our business customer pipeline continues to grow around the world. We are at the beginning of our journey, and we are honoured and excited to be recognised for our vision and hard work to date.” The MyBusiness Awards is the benchmark for excellence in Australia and the largest independent awards program celebrating SME business owners and professionals. Award recipients represent a cross-section of the SME industry, recognising the best of the best, highlighting and celebrating outstanding achievements and providing winners with a desirable accolade. The finalist list, which was announced on Friday, 6 November, features over 250 high-achieving individuals and businesses across 30+ submission-based categories. “This year’s MyBusiness Awards carry more weight than ever, given the unparalleled hardship small- to medium-sized business owners have experienced since the onset of 2020,” said MyBusiness editor, Maja Garaca Djurdjevic. “That is precisely why we feel honoured to have this opportunity to celebrate business owners and shine a spotlight on those that have gone above and beyond to keep their businesses running and offer outstanding service and support to their customers and the Australian community at large." “We would also like to take this opportunity to thank everyone for their continued efforts. We wish you all the very best and look forward to celebrating your achievements in December.”   A shine of certainty in an uncertain world SendGold wins best Investment Innovation at the Finder Innovation Awards 2020 Insights – Gold gaining on the US dollar ahead of the US election  

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


Mark Pey

November 9, 2020

In a season of political and economic uncertainty, it’s understandable for people to feel unsure about what may lie ahead. Even the official winner of the U.S. election will not be certified under U.S. law until at least 8 December, celebratory pronouncements in the news media notwithstanding. So as we endure continued uncertainty on that front it’s useful to take stock of a few of the certainties we can rely on as we think about how to protect and grow our wealth in the coming months and years. So what do we know for certain about those coming months and years?

  • We know for certain that under the policy change announced by The Reserve Bank of Australia last week that someone depositing $10,000 in the bank at the end of one year will now receive an interest payment of $10 instead of the previous $25.
  • We know for certain that The Reserve Bank’s publicly stated policy is to further reduce the value of the Australian dollar through their newly created Quantitative Easing (QE) policy. This also applies to other regions and currencies with QE including the U.S. and the Eurozone.
  • We know for certain that governments around the world including the U.S. are borrowing unprecedented amounts to battle the economic effects of the COVID lockdowns.
  • We know that those extra borrowings (estimated at more than $400 billion so far for Australia alone and more than $5 trillion in the U.S.) manifest as an increased quantity of money against a relatively fixed (or even diminishing) quantity of goods and services.
  • We know for certain that such rapid increases in the supply of money can lead to a repricing of goods and services based on the new quantity of money.
  • We know that The Reserve Bank last week cited the first evidence of this “repricing” of goods and services when they reported that the official price of food had risen 1.6% in the previous quarter (6.4% annualised).
So it’s understandable for people to feel glum and uncertain! But luckily there is also some very good news on the “certainty” side of the ledger.
  • We know for certain that someone who deposited $10,000 into a gold account one year ago will today find the value of that account is more than $12,000.
  • We know for certain that prior gold bull markets have seen investors receive triple-digit and even quadruple-digit gains, with the one starting in 1971 returning 2,100% and the one starting in 1999 returning 670%.
  • We know for certain that all SendGold customers are the individual outright owners of physical gold bullion, fully segregated from our company assets and from the banking system and protected from confiscation by the property rights enshrined in the Australian Constitution.
  • We know for certain that The International Property Rights Alliance has stated that Australian property rights are some of the strongest in the world and that it is absolutely illegal for local, state, or Federal officials to seize someone’s property without due process of law.
Uncertain times can lead people to fear and inaction but we think instead they should be times for people to act to make sure their wealth is protected. Certainly! With SendGold.   SendGold wins best Investment Innovation at the Finder Innovation Awards 2020 Insights – Gold gaining on the US dollar ahead of the US election Positioning with gold for election uncertainty  

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


SendGold