Mark Pey

March 24, 2020

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

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

Gold in the 2008 Crisis

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

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

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

But the Covid-19 financial crisis is different

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

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

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

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

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


Mark Pey

March 24, 2020

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

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

Gold in the 2008 Crisis

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

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

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

But the Covid-19 financial crisis is different

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

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

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

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

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


Mark Pey

March 17, 2020

There is still much we do not know about the current Covid-19 situation and the economic impact it will have. But we do know that worldwide stock, bond, and currency markets are already in significant turmoil, with short-term bonds issued by the U.S. Government trading at negative interest rates this morning for the very first time in history. We think it’s useful in times like these to focus on what we do know, rather than let the emotions of uncertainty and fear guide our financial decisions.

The Four Faces of Gold

As discussed in our 2020 Gold Outlook, we know that gold plays multiple roles in an investment portfolio and as a financial asset. First of all gold of course is an investment. And as an investment that competes and compares to other investments like company shares it is faring well. In a general slowdown company earnings will suffer, but gold has no such cash flow requirements to meet. Secondly gold is a currency, with a difference. Gold is the only currency that has no counterparty, that does not rely on the performance of an issuing government or bank in order to have value. Thirdly, at SendGold we think of gold as a bank account alternative. For the first time, if you invest your money with the U.S. Government you will receive no interest whatsoever, and you will not even receive all of your principal back at maturity. That economic reality will make its way through to banks and bank accounts. This means that gold is more competitive than ever as a bank account alternative. Fourthly, gold is an insurance policy. It is widely used as a safe haven in uncertain times. No government currency, bond, share, bank, or investment vehicle has survived every single calamity in history. Gold has.

Four Reasons: One Answer

These four aspects of gold mean that practically everyone has a reason to own it, whether you are a saver, investor, or someone wanting simply to protect your wealth in dangerous times. At SendGold our mission has been to create the safest, most secure, simplest, most accessible, and most liquid way to own gold. So whether you’re a casual saver, a savvy investor, or just seeking a safe haven in the storm: think hard about whether gold has a place in your portfolio at this time. You can also take a look at our 2020 gold outlook. 2020 Gold Outlook Download our new app now and BUY 100% title to GOLD in minutes


Mark Pey

March 24, 2020

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

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

Gold in the 2008 Crisis

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

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

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

But the Covid-19 financial crisis is different

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

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

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

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

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


Mark Pey

March 17, 2020

There is still much we do not know about the current Covid-19 situation and the economic impact it will have. But we do know that worldwide stock, bond, and currency markets are already in significant turmoil, with short-term bonds issued by the U.S. Government trading at negative interest rates this morning for the very first time in history. We think it’s useful in times like these to focus on what we do know, rather than let the emotions of uncertainty and fear guide our financial decisions.

The Four Faces of Gold

As discussed in our 2020 Gold Outlook, we know that gold plays multiple roles in an investment portfolio and as a financial asset. First of all gold of course is an investment. And as an investment that competes and compares to other investments like company shares it is faring well. In a general slowdown company earnings will suffer, but gold has no such cash flow requirements to meet. Secondly gold is a currency, with a difference. Gold is the only currency that has no counterparty, that does not rely on the performance of an issuing government or bank in order to have value. Thirdly, at SendGold we think of gold as a bank account alternative. For the first time, if you invest your money with the U.S. Government you will receive no interest whatsoever, and you will not even receive all of your principal back at maturity. That economic reality will make its way through to banks and bank accounts. This means that gold is more competitive than ever as a bank account alternative. Fourthly, gold is an insurance policy. It is widely used as a safe haven in uncertain times. No government currency, bond, share, bank, or investment vehicle has survived every single calamity in history. Gold has.

Four Reasons: One Answer

These four aspects of gold mean that practically everyone has a reason to own it, whether you are a saver, investor, or someone wanting simply to protect your wealth in dangerous times. At SendGold our mission has been to create the safest, most secure, simplest, most accessible, and most liquid way to own gold. So whether you’re a casual saver, a savvy investor, or just seeking a safe haven in the storm: think hard about whether gold has a place in your portfolio at this time. You can also take a look at our 2020 gold outlook. 2020 Gold Outlook Download our new app now and BUY 100% title to GOLD in minutes


SendGold

March 10, 2020

A big congratulations to Jodi Stanton, our CEO, on being named a finalist in the Entrepreneur/Founder category of the Women Leading Tech Awards! 

An accolade awarded in collaboration with Google, the award recognises the monumental strides women are making across leadership, engineering, product, data science, design, marketing, mentorship, sales, and women’s advocacy.

The goal, here, is to shine a spotlight on the work, dedication, and skills women are responsible for, which, ultimately, contributes to big projects and big ideas; those that make a difference.

 

SendGold and Jodi’s contribution to the FinTech industry 

A pioneer in the FinTech space, Jodi’s contribution to helping people begin their path towards greater wealth management, particularly through investing in digital gold, has been commended before. Having been recognised as the FemTech Leader of the Year (2019) by the Fintech Business Awards, her work has led SendGold across the globe and we now operate in 13 countries including Dubai, India, and the US.

The announcement, timed with this year’s International Women’s Day, validates the hard work women like Jodi contribute to society, helping us progress beyond the dreams of our predecessors. In Jodi’s words, “Each year, my network of technology-focused women greatly expands, and as a member of the Western Sydney University Board of Trustees Committee, I’ve noted the increase in women enrolling in tech-centric programmes across the board. Even my son’s primary school coding class has equal participation between genders. I tip my hat to Helen Souness (RMIT Online), Joanna Wong (90 Seconds), Kate Quirke (Alcidion), Kathryn Carter (Snap Inc), Michelle O’Keeffe (Engaging.io), Rachelle St Ledger (EML Payments), Alexandra Watson (Code Like a Girl), Emma Jones (Project F), Judy Sahay (Crowd Media Group), Kath Blackham (Versa), Lauren Crystal (Your Creative Agency), and all of the other finalists. I look forward to a fun event on 8 April.”

Under her direction and leadership, SendGold has evolved into a truly revolutionary service for tech-savvy gold investors. Beyond just buying gold in seconds, our platform allows investors to sell gold, gift gold, and stay ahead of trends by leveraging our historic gold price charts. 

 

Honouring women carving out their own legacies

At SendGold, we prize the contribution women bring to the table in spite of the personal and professional barriers they face along the way. It’s precisely for this reason that we believe in creating a culture where women can contribute meaningfully and succeed.

We have strong, empowered women leading our ranks and those who have helped SendGold become the brand it is today.

With leaders and trailblazers like Jodi, we’ve been able to come closer to our goal of helping Australians manage their wealth and investment portfolio with greater success.

 

Wish Jodi good luck!

With the event taking place on 8th April 2020, we’re less than a month away from the inaugural award ceremony. We wish all nominees the best of luck and the heartiest congratulations on being nominated!


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

  •  
  •  


Mark Pey

March 24, 2020

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

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

Gold in the 2008 Crisis

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

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

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

But the Covid-19 financial crisis is different

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

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

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

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

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


Mark Pey

March 17, 2020

There is still much we do not know about the current Covid-19 situation and the economic impact it will have. But we do know that worldwide stock, bond, and currency markets are already in significant turmoil, with short-term bonds issued by the U.S. Government trading at negative interest rates this morning for the very first time in history. We think it’s useful in times like these to focus on what we do know, rather than let the emotions of uncertainty and fear guide our financial decisions.

The Four Faces of Gold

As discussed in our 2020 Gold Outlook, we know that gold plays multiple roles in an investment portfolio and as a financial asset. First of all gold of course is an investment. And as an investment that competes and compares to other investments like company shares it is faring well. In a general slowdown company earnings will suffer, but gold has no such cash flow requirements to meet. Secondly gold is a currency, with a difference. Gold is the only currency that has no counterparty, that does not rely on the performance of an issuing government or bank in order to have value. Thirdly, at SendGold we think of gold as a bank account alternative. For the first time, if you invest your money with the U.S. Government you will receive no interest whatsoever, and you will not even receive all of your principal back at maturity. That economic reality will make its way through to banks and bank accounts. This means that gold is more competitive than ever as a bank account alternative. Fourthly, gold is an insurance policy. It is widely used as a safe haven in uncertain times. No government currency, bond, share, bank, or investment vehicle has survived every single calamity in history. Gold has.

Four Reasons: One Answer

These four aspects of gold mean that practically everyone has a reason to own it, whether you are a saver, investor, or someone wanting simply to protect your wealth in dangerous times. At SendGold our mission has been to create the safest, most secure, simplest, most accessible, and most liquid way to own gold. So whether you’re a casual saver, a savvy investor, or just seeking a safe haven in the storm: think hard about whether gold has a place in your portfolio at this time. You can also take a look at our 2020 gold outlook. 2020 Gold Outlook Download our new app now and BUY 100% title to GOLD in minutes


SendGold

March 10, 2020

A big congratulations to Jodi Stanton, our CEO, on being named a finalist in the Entrepreneur/Founder category of the Women Leading Tech Awards! 

An accolade awarded in collaboration with Google, the award recognises the monumental strides women are making across leadership, engineering, product, data science, design, marketing, mentorship, sales, and women’s advocacy.

The goal, here, is to shine a spotlight on the work, dedication, and skills women are responsible for, which, ultimately, contributes to big projects and big ideas; those that make a difference.

 

SendGold and Jodi’s contribution to the FinTech industry 

A pioneer in the FinTech space, Jodi’s contribution to helping people begin their path towards greater wealth management, particularly through investing in digital gold, has been commended before. Having been recognised as the FemTech Leader of the Year (2019) by the Fintech Business Awards, her work has led SendGold across the globe and we now operate in 13 countries including Dubai, India, and the US.

The announcement, timed with this year’s International Women’s Day, validates the hard work women like Jodi contribute to society, helping us progress beyond the dreams of our predecessors. In Jodi’s words, “Each year, my network of technology-focused women greatly expands, and as a member of the Western Sydney University Board of Trustees Committee, I’ve noted the increase in women enrolling in tech-centric programmes across the board. Even my son’s primary school coding class has equal participation between genders. I tip my hat to Helen Souness (RMIT Online), Joanna Wong (90 Seconds), Kate Quirke (Alcidion), Kathryn Carter (Snap Inc), Michelle O’Keeffe (Engaging.io), Rachelle St Ledger (EML Payments), Alexandra Watson (Code Like a Girl), Emma Jones (Project F), Judy Sahay (Crowd Media Group), Kath Blackham (Versa), Lauren Crystal (Your Creative Agency), and all of the other finalists. I look forward to a fun event on 8 April.”

Under her direction and leadership, SendGold has evolved into a truly revolutionary service for tech-savvy gold investors. Beyond just buying gold in seconds, our platform allows investors to sell gold, gift gold, and stay ahead of trends by leveraging our historic gold price charts. 

 

Honouring women carving out their own legacies

At SendGold, we prize the contribution women bring to the table in spite of the personal and professional barriers they face along the way. It’s precisely for this reason that we believe in creating a culture where women can contribute meaningfully and succeed.

We have strong, empowered women leading our ranks and those who have helped SendGold become the brand it is today.

With leaders and trailblazers like Jodi, we’ve been able to come closer to our goal of helping Australians manage their wealth and investment portfolio with greater success.

 

Wish Jodi good luck!

With the event taking place on 8th April 2020, we’re less than a month away from the inaugural award ceremony. We wish all nominees the best of luck and the heartiest congratulations on being nominated!


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

  •  
  •  


SendGold

January 23, 2020

With the Chinese New Year approaching rapidly, it’s no surprise that many of us have our heads filled with creamy-red hongbaos, steaming Chinese dumplings and sticky rice cakes. If you’re celebrating this holiday, however, your head is bound to be filled with another matter of equal importance - giving the perfect Chinese New Year gift.

If you’re stuck for ideas and don’t have the luxury of time, take a look at our gift-giving dos and don’ts for all you need to know before you pick the perfect gift. Good luck!

Do think about the colour of your gifts

Given the importance ascribed to colours in Chinese culture, especially to gold, red and yellow, giving gifts in these colours can make you an instant party favourite.

If you’re trying to be a little creative with your gift-giving this year and still want to give gifts considered to be lucky, gold is always a good way to go. The best part is that you no longer have to shell out a mini fortune to make a good impression - with SendGold, you can now transfer gold via our app to your loved ones this Chinese New Year, for just about any amount you can afford

Whatever you decide to get, check if they have variations of it in gold, red or yellow for a truly prosperous gift. 

Don’t forget to do some research on CNY gifts - some are considered inauspicious

As with every culture, certain gift items don’t ring a tiding of wealth and prosperity - quite the opposite, in fact. 

Among the list of tabooed gifts for the new year include shoes, pears, fans, umbrellas and clocks or watches. While the list doesn’t end there, these are a few items that can cause quite a stir if they’re unwrapped at a Chinese New Year party. 

Make sure you’re the talk of the party, but for all the right reasons!

Don’t give gifts in sets of four

Another major gift-giving faux pas is giving someone a gift that comes in a set of four. This is because the word ‘four’ sounds similar to the word ‘death’ when stated in Mandarin

If you’re eager to give someone special a gift set though, you can always give them something in pairs of two or eight, which are considered to be much luckier and prosperous. ‘Eight’, when pronounced in Mandarin sounds like the word that means ‘to prosper’.

Do use both hands when presenting your gift

In addition to giving your gift plenty of thought, you also need to make sure that you present it in the right way. 

When exchanging gifts this Chinese New Year, make sure you use both hands as a sign of respect to the other person. In the same way, if you receive any gift, use both hands as well. 

Following these simple but deeply-revered customs will help you engage more meaningful on this occasion.

Don’t open your gifts right away

Another thing you need to know is that it’s considered bad form if you tear into your gifts as soon as you receive them. Given that your reaction to someone’s gift can either lead to satisfaction or disappointment for the giver, you’re expected to open your gifts in private. 

This is also so that someone who has given you a more modest gift won’t feel bad when they see that you’ve received more lavish gifts than theirs. 

Nail gift-giving this Chinese New Year with SendGold - your partner in prosperity

This Chinese New Year, ensure that your loved ones revel in the traditions and joy of this auspicious occasion with the right gifts and by following all its revered traditions. 

Whether you’re gifting generously-stuffed hongbaos, a delectable array of fresh fruit or digital gold, give each gift with complete goodwill and generosity to experience the true joy of this occasion. 

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

  •  


Mark Pey

March 24, 2020

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

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

Gold in the 2008 Crisis

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

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

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

But the Covid-19 financial crisis is different

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

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

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

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

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


Mark Pey

March 17, 2020

There is still much we do not know about the current Covid-19 situation and the economic impact it will have. But we do know that worldwide stock, bond, and currency markets are already in significant turmoil, with short-term bonds issued by the U.S. Government trading at negative interest rates this morning for the very first time in history. We think it’s useful in times like these to focus on what we do know, rather than let the emotions of uncertainty and fear guide our financial decisions.

The Four Faces of Gold

As discussed in our 2020 Gold Outlook, we know that gold plays multiple roles in an investment portfolio and as a financial asset. First of all gold of course is an investment. And as an investment that competes and compares to other investments like company shares it is faring well. In a general slowdown company earnings will suffer, but gold has no such cash flow requirements to meet. Secondly gold is a currency, with a difference. Gold is the only currency that has no counterparty, that does not rely on the performance of an issuing government or bank in order to have value. Thirdly, at SendGold we think of gold as a bank account alternative. For the first time, if you invest your money with the U.S. Government you will receive no interest whatsoever, and you will not even receive all of your principal back at maturity. That economic reality will make its way through to banks and bank accounts. This means that gold is more competitive than ever as a bank account alternative. Fourthly, gold is an insurance policy. It is widely used as a safe haven in uncertain times. No government currency, bond, share, bank, or investment vehicle has survived every single calamity in history. Gold has.

Four Reasons: One Answer

These four aspects of gold mean that practically everyone has a reason to own it, whether you are a saver, investor, or someone wanting simply to protect your wealth in dangerous times. At SendGold our mission has been to create the safest, most secure, simplest, most accessible, and most liquid way to own gold. So whether you’re a casual saver, a savvy investor, or just seeking a safe haven in the storm: think hard about whether gold has a place in your portfolio at this time. You can also take a look at our 2020 gold outlook. 2020 Gold Outlook Download our new app now and BUY 100% title to GOLD in minutes


SendGold

March 10, 2020

A big congratulations to Jodi Stanton, our CEO, on being named a finalist in the Entrepreneur/Founder category of the Women Leading Tech Awards! 

An accolade awarded in collaboration with Google, the award recognises the monumental strides women are making across leadership, engineering, product, data science, design, marketing, mentorship, sales, and women’s advocacy.

The goal, here, is to shine a spotlight on the work, dedication, and skills women are responsible for, which, ultimately, contributes to big projects and big ideas; those that make a difference.

 

SendGold and Jodi’s contribution to the FinTech industry 

A pioneer in the FinTech space, Jodi’s contribution to helping people begin their path towards greater wealth management, particularly through investing in digital gold, has been commended before. Having been recognised as the FemTech Leader of the Year (2019) by the Fintech Business Awards, her work has led SendGold across the globe and we now operate in 13 countries including Dubai, India, and the US.

The announcement, timed with this year’s International Women’s Day, validates the hard work women like Jodi contribute to society, helping us progress beyond the dreams of our predecessors. In Jodi’s words, “Each year, my network of technology-focused women greatly expands, and as a member of the Western Sydney University Board of Trustees Committee, I’ve noted the increase in women enrolling in tech-centric programmes across the board. Even my son’s primary school coding class has equal participation between genders. I tip my hat to Helen Souness (RMIT Online), Joanna Wong (90 Seconds), Kate Quirke (Alcidion), Kathryn Carter (Snap Inc), Michelle O’Keeffe (Engaging.io), Rachelle St Ledger (EML Payments), Alexandra Watson (Code Like a Girl), Emma Jones (Project F), Judy Sahay (Crowd Media Group), Kath Blackham (Versa), Lauren Crystal (Your Creative Agency), and all of the other finalists. I look forward to a fun event on 8 April.”

Under her direction and leadership, SendGold has evolved into a truly revolutionary service for tech-savvy gold investors. Beyond just buying gold in seconds, our platform allows investors to sell gold, gift gold, and stay ahead of trends by leveraging our historic gold price charts. 

 

Honouring women carving out their own legacies

At SendGold, we prize the contribution women bring to the table in spite of the personal and professional barriers they face along the way. It’s precisely for this reason that we believe in creating a culture where women can contribute meaningfully and succeed.

We have strong, empowered women leading our ranks and those who have helped SendGold become the brand it is today.

With leaders and trailblazers like Jodi, we’ve been able to come closer to our goal of helping Australians manage their wealth and investment portfolio with greater success.

 

Wish Jodi good luck!

With the event taking place on 8th April 2020, we’re less than a month away from the inaugural award ceremony. We wish all nominees the best of luck and the heartiest congratulations on being nominated!


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

  •  
  •  


SendGold

January 23, 2020

With the Chinese New Year approaching rapidly, it’s no surprise that many of us have our heads filled with creamy-red hongbaos, steaming Chinese dumplings and sticky rice cakes. If you’re celebrating this holiday, however, your head is bound to be filled with another matter of equal importance - giving the perfect Chinese New Year gift.

If you’re stuck for ideas and don’t have the luxury of time, take a look at our gift-giving dos and don’ts for all you need to know before you pick the perfect gift. Good luck!

Do think about the colour of your gifts

Given the importance ascribed to colours in Chinese culture, especially to gold, red and yellow, giving gifts in these colours can make you an instant party favourite.

If you’re trying to be a little creative with your gift-giving this year and still want to give gifts considered to be lucky, gold is always a good way to go. The best part is that you no longer have to shell out a mini fortune to make a good impression - with SendGold, you can now transfer gold via our app to your loved ones this Chinese New Year, for just about any amount you can afford

Whatever you decide to get, check if they have variations of it in gold, red or yellow for a truly prosperous gift. 

Don’t forget to do some research on CNY gifts - some are considered inauspicious

As with every culture, certain gift items don’t ring a tiding of wealth and prosperity - quite the opposite, in fact. 

Among the list of tabooed gifts for the new year include shoes, pears, fans, umbrellas and clocks or watches. While the list doesn’t end there, these are a few items that can cause quite a stir if they’re unwrapped at a Chinese New Year party. 

Make sure you’re the talk of the party, but for all the right reasons!

Don’t give gifts in sets of four

Another major gift-giving faux pas is giving someone a gift that comes in a set of four. This is because the word ‘four’ sounds similar to the word ‘death’ when stated in Mandarin

If you’re eager to give someone special a gift set though, you can always give them something in pairs of two or eight, which are considered to be much luckier and prosperous. ‘Eight’, when pronounced in Mandarin sounds like the word that means ‘to prosper’.

Do use both hands when presenting your gift

In addition to giving your gift plenty of thought, you also need to make sure that you present it in the right way. 

When exchanging gifts this Chinese New Year, make sure you use both hands as a sign of respect to the other person. In the same way, if you receive any gift, use both hands as well. 

Following these simple but deeply-revered customs will help you engage more meaningful on this occasion.

Don’t open your gifts right away

Another thing you need to know is that it’s considered bad form if you tear into your gifts as soon as you receive them. Given that your reaction to someone’s gift can either lead to satisfaction or disappointment for the giver, you’re expected to open your gifts in private. 

This is also so that someone who has given you a more modest gift won’t feel bad when they see that you’ve received more lavish gifts than theirs. 

Nail gift-giving this Chinese New Year with SendGold - your partner in prosperity

This Chinese New Year, ensure that your loved ones revel in the traditions and joy of this auspicious occasion with the right gifts and by following all its revered traditions. 

Whether you’re gifting generously-stuffed hongbaos, a delectable array of fresh fruit or digital gold, give each gift with complete goodwill and generosity to experience the true joy of this occasion. 

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Mark Pey

December 16, 2019

In a previous blog post we outlined some of the fundamental differences between owning physical gold and owning gold derivatives like ETFs:

https://www.sendgold.com/gold-etf-it-always-pays-to-read-the-fine-print/

In a research note to their clients last week major global bank ABN AMRO takes this distinction a step further. Rather than their being one gold price, they suggest that in practice there are actually two: physical gold and gold derivatives.

https://insights.abnamro.nl/en/2019/12/a-world-with-two-gold-prices/

“In times of financial crisis” the author writes, “the price representing physical gold will increase much faster than its non-physical counterpart”.  

And for a major bank dealing almost exclusively in paper-based accounts and investments their conclusion is also notable, and echoes what we at SendGold believe: “When there is zero trust in the financial system, the only safe option for investors is still physical gold”.

 

Own a part of SendGold today. Minimum Investment $250. Our crowdfunding offer ends Thursday, the 19th of December. Don't miss out!

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Mark Pey

March 24, 2020

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

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

Gold in the 2008 Crisis

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

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

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

But the Covid-19 financial crisis is different

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

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

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

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

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Mark Pey

March 17, 2020

There is still much we do not know about the current Covid-19 situation and the economic impact it will have. But we do know that worldwide stock, bond, and currency markets are already in significant turmoil, with short-term bonds issued by the U.S. Government trading at negative interest rates this morning for the very first time in history. We think it’s useful in times like these to focus on what we do know, rather than let the emotions of uncertainty and fear guide our financial decisions.

The Four Faces of Gold

As discussed in our 2020 Gold Outlook, we know that gold plays multiple roles in an investment portfolio and as a financial asset. First of all gold of course is an investment. And as an investment that competes and compares to other investments like company shares it is faring well. In a general slowdown company earnings will suffer, but gold has no such cash flow requirements to meet. Secondly gold is a currency, with a difference. Gold is the only currency that has no counterparty, that does not rely on the performance of an issuing government or bank in order to have value. Thirdly, at SendGold we think of gold as a bank account alternative. For the first time, if you invest your money with the U.S. Government you will receive no interest whatsoever, and you will not even receive all of your principal back at maturity. That economic reality will make its way through to banks and bank accounts. This means that gold is more competitive than ever as a bank account alternative. Fourthly, gold is an insurance policy. It is widely used as a safe haven in uncertain times. No government currency, bond, share, bank, or investment vehicle has survived every single calamity in history. Gold has.

Four Reasons: One Answer

These four aspects of gold mean that practically everyone has a reason to own it, whether you are a saver, investor, or someone wanting simply to protect your wealth in dangerous times. At SendGold our mission has been to create the safest, most secure, simplest, most accessible, and most liquid way to own gold. So whether you’re a casual saver, a savvy investor, or just seeking a safe haven in the storm: think hard about whether gold has a place in your portfolio at this time. You can also take a look at our 2020 gold outlook. 2020 Gold Outlook Download our new app now and BUY 100% title to GOLD in minutes


SendGold

March 10, 2020

A big congratulations to Jodi Stanton, our CEO, on being named a finalist in the Entrepreneur/Founder category of the Women Leading Tech Awards! 

An accolade awarded in collaboration with Google, the award recognises the monumental strides women are making across leadership, engineering, product, data science, design, marketing, mentorship, sales, and women’s advocacy.

The goal, here, is to shine a spotlight on the work, dedication, and skills women are responsible for, which, ultimately, contributes to big projects and big ideas; those that make a difference.

 

SendGold and Jodi’s contribution to the FinTech industry 

A pioneer in the FinTech space, Jodi’s contribution to helping people begin their path towards greater wealth management, particularly through investing in digital gold, has been commended before. Having been recognised as the FemTech Leader of the Year (2019) by the Fintech Business Awards, her work has led SendGold across the globe and we now operate in 13 countries including Dubai, India, and the US.

The announcement, timed with this year’s International Women’s Day, validates the hard work women like Jodi contribute to society, helping us progress beyond the dreams of our predecessors. In Jodi’s words, “Each year, my network of technology-focused women greatly expands, and as a member of the Western Sydney University Board of Trustees Committee, I’ve noted the increase in women enrolling in tech-centric programmes across the board. Even my son’s primary school coding class has equal participation between genders. I tip my hat to Helen Souness (RMIT Online), Joanna Wong (90 Seconds), Kate Quirke (Alcidion), Kathryn Carter (Snap Inc), Michelle O’Keeffe (Engaging.io), Rachelle St Ledger (EML Payments), Alexandra Watson (Code Like a Girl), Emma Jones (Project F), Judy Sahay (Crowd Media Group), Kath Blackham (Versa), Lauren Crystal (Your Creative Agency), and all of the other finalists. I look forward to a fun event on 8 April.”

Under her direction and leadership, SendGold has evolved into a truly revolutionary service for tech-savvy gold investors. Beyond just buying gold in seconds, our platform allows investors to sell gold, gift gold, and stay ahead of trends by leveraging our historic gold price charts. 

 

Honouring women carving out their own legacies

At SendGold, we prize the contribution women bring to the table in spite of the personal and professional barriers they face along the way. It’s precisely for this reason that we believe in creating a culture where women can contribute meaningfully and succeed.

We have strong, empowered women leading our ranks and those who have helped SendGold become the brand it is today.

With leaders and trailblazers like Jodi, we’ve been able to come closer to our goal of helping Australians manage their wealth and investment portfolio with greater success.

 

Wish Jodi good luck!

With the event taking place on 8th April 2020, we’re less than a month away from the inaugural award ceremony. We wish all nominees the best of luck and the heartiest congratulations on being nominated!


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