Gold trade used by the latest technology

The gold trade in Kuwait has witnessed a remarkable recovery in the recent period, in light of the great gains that traders are getting from buying and selling. They buy gold gram used less than the world price to sell it to owners of gold workshops with a good profit rate of up to two dinars ($ 6.6) Sometimes, the "factory" price is not calculated and then remanufactured or polished and sold as new.

"The purchase of used gold has recently increased significantly compared to the previous months, as the market price has risen, and the economic situation of customers, especially the expatriates, has declined," said Thamer Al Ali, , Resulting from the increase in prices of most goods and fuel as well as the increase in spending on important annual events, prompting many of them to sell part of the yellow metal for their need for money. 

Al-Ali says that the sale of gold leads to the loss of the customer's percentage of the workmanship. The trader buys the net gold only and remanufactures it after removing the stones and the pieces from the piece and then melting it in the form of alloys. It shall then be returned to it in new forms, in addition to the value of the specific workmanship between the merchant and the manufacturer and the same weight of gold.

He points out that the gold price index is rising in the current period, encouraging yellow metal savers to sell, and the bestsellers include 21-gauge alloys and jewels, because they are lower in craftsmanship than others, which reduces the loss.

He explains that there are customers accept to buy used gold because it is cheaper compared to the new, which is a safe haven and profitable for them.
The vice president of the Kuwaiti Federation of Gold Traders Nasser Sayegh told the "New Arab" that the price of selling used gold (fraction) depends on the consumer's knowledge and ability to negotiate and familiarity with international prices, the price of gold used derived from the world price, and is determined by caliber, An example of this is that if the price of a kilogram in the market is about 36 thousand dollars, it means that the price of 24 grams of gold in the range of 36 dollars. Al-Sayegh adds that the price of 22 grams of gold is around $ 33, the 21 caliber is around $ 29 and the 18 gauge is around $ 26.

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What factors affect the rise in the price of gold?

Experts and analysts in the field of gold causes the rise in gold prices in five key factors, but first and foremost it must be clarified that gold like any other commodity is affected by the law of supply and demand, for example, gold prices will rise if demand for the metal in the stability or decline Or even higher than the rate of increase of demand, and vice versa of course true if increased supply in the case of demand stability prices will decline, but the problem here is the difficulty of meeting the increased demand for the metal increase supply because the cost of production and extraction of gold is greatly increased because of increased risk of drilling for Access to the site Najm, most of which are located in remote areas and therefore the production of the metal does not cover the increased demand for it. For the major gold producers in the world, for follow-up drilling and extraction follow the equation of the ounce = US $ 1000, a high cost that complicates the issue.

As for the five main factors behind the increase in global gold prices, the first of which is the decline in the US dollar (the world's main currency) and the increase in inflation in the United States (the world's most powerful economy undisputedly). The actions taken by the Federal Reserve (US Central Bank) to stimulate the economy to double the dollar. 

As it is known that the decline in the dollar exchange rate raises global gold prices, but in spite of that it is possible to fall or stabilize gold prices in the same period in euros (the single currency in Europe), for example, for example, the prices of gold during the summer and autumn of 2010 has depreciated in dollar terms but remained stable over the same period in the Japanese yen and the euro.

While the second factor in the rise in gold prices is due to the strength of demand in emerging markets. It is worth mentioning that gold is a good way to boast and save, especially in the emerging class in India and China, which are leading the global growth of demand for gold.

The third factor is due to the transformation of the central banks from the position of the seller to buyers of precious metal. Over the past decades, the central banks of the various countries of the world have sold most of their gold reserves after these countries broke their currencies, but the situation changed completely in the last period The position of many banks to buyers to strengthen their reserves of metal such as Thailand and Russia.

Given the current economic conditions in the world, central banks may continue to buy gold as a means to avoid the risks of inflation and the decline of the dollar especially in the long term. Many developing countries have decided to reduce most of their dollar reserves in favor of increasing their yellow metal. The orbit of decades.

For the fourth factor leading to the increase in gold prices due to investors' belief that gold is a protective asset that protects their money from the risks of economic instability, investors have long been accustomed to resort to gold after exit from high risk investments.

As for the fifth reason, it is simply restricting gold exports. The difference between demand and supply offers almost certain expectations because gold prices are undoubtedly higher. The growth of gold production has declined significantly, with the average decline in production over the last 10 years (since 2001) % Annually.

Experts and experts estimated the world's gold production over the past 110 years at just 3.9% of the total value of money, stocks and bonds worldwide, up from 1.3% in 2000. However, the current ratio is still close to the 1.3% ), Which is well below the 12.1% recorded in 1980, when gold prices peaked.

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Where can I buy and sell gold bullion?

There are two ways to buy and sell gold bullion.
The first method is through an agent such as a company or a bank to buy a gold bullion from the gold bourse. The gold bullion of the company is kept and the sale and construction of other alloys is based on the price of gold on the stock exchanges. The company receives a commission on every sale and purchase. The special gold alloy carries the cost of shipping to a niche. This method is only suitable for trading in the gold market through dealing and suitable for large investments and not to keep gold for sale in times of crisis.

The second method is that by buying the gold bullion from the gold traders, some large gold shops in most countries have a place to display different shapes and weights of gold bullion that can be bought for individuals such as buying regular gold jewelry, but there is a difference in how to calculate the price of the gold Jewelery.

How to calculate the price of gold ingots when you buy them?
Calculation of the price of the gold alloy shall be by the weight of the alloy and the gold standard used in addition to the goldsmith's commission or (the premium), after knowing the price of gold now, for example:

A 24-gram gold alloy with an ounce weight (31.1 grams) is defined by the price of an ounce of gold on the Gold Exchange in New York. It is denominated in dollars, then the dollar is known for the local currency and the goldsmith's commission is added. The product price of gold alloy

If the alloy of gold different weights and different grades can know the price of grams of different gold and different currencies of our site on the following link and then apply the same method above.

How can gold bullion sell?
The gold bullion can be sold in the same way, which is sold to gold traders, and the price is according to the international price of gold now only without the addition of the commission or (premium)

What is the benefit of buying gold bullion?
Gold bars are not used for decoration, but are used to save and maintain a financial source in times of crisis. In the sense of crisis, one can sell gold bullion easily to traders and turn it into a financial source, especially on the high gold prices and profits, which is considered a great investment tool at the moment, Gold in the past two years almost doubles as the price of gold ounces in September 2011 reached $ 1920 an ounce.

What is the difference between gold bars and jewelry on the one hand?
When buying gold jewelry, traders add a factory price of grams that differs from one country to another according to the shape and the gold standard used. When selling these jewelry, the trader will deduct the price of the workmanship for each gram, that is, buy the gold without manufacturing, which means loss of 10% The price of gold at the price of a purchase, that is, if the purchase of gold jewelry worth the value of a dollar if the sale of time is worth about $ 900.

The gold bullion is different because it does not have a factory price, but a commission for the trader, which is a margin of profit from the sale, and when sold does not lose much of its value, but the opposite when the high prices of gold and the sale of these alloys can be the profit commission multiplier that was added by And achieve profits.

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What are the best ways to buy gold?

As the price of gold has risen in recent years, there are many individuals who buy gold for the first time. They may have limited information about the gold market and may not necessarily know the best way to buy gold for them. All we know is that gold prices are on the rise. They want to get gold for investment or gold.

So what are the best ways to buy gold?
First, buyers must understand gold prices and how they work. Gold is like any other commodity that is traded on the open market. Prices can fluctuate up and down every minute of the day. The spot price of gold tells us the price of one ounce of gold in US dollars.

Second, gold buyers should determine which type of gold they want to buy. We find many forms of gold from gold bullion and gold coins, as well as jewelry. Gold coins such as gold or gold bullion can be bought in different caliber, There are some old gold coins dating back to the period of 1933 and earlier, but it should be noted that these currencies do not depend on the price of gold today, they are expensive compared to the price of the price and depends on the historical value of this is suitable for collectors of different currencies and not invest in gold . 

Before you buy gold bullion, you first need to determine which of these products is the best. In order to do this, you should first ask yourself whether you want to keep gold in the form of jewelry or do you prefer to buy gold bullion and trade gold when the gold price rises.

It is important to also determine the type of gold to invest and determine your objectives of investment in gold, which corresponds to your expectations of investment in gold and tracking the price of gold daily through the site and the statement of gold prices, which is the historic starting point when it decided to buy gold for investment.

Gold bullion is considered a good investment ... How can you buy gold bullion .. Wayne can I buy gold bullion ... Do banks sell gold bullion or gold dealers ... What is the price of gold ingots when buying and selling?

Many questions have been received during the period of gold price fluctuations in the site and we will try to answer them in this article with regard to the purchase of gold bullion or investment in gold bullion.

What is a gold ingot?
The gold alloy is a piece of pure gold with a high purity of 24 carats with a purity of 99.99% and it has many shapes and weights. The gold alloy may be in the form of an ounce of gold (31.1 grams of 24 carat gold) or in different weights ranging from 5 grams to Kg of gold.

Gold bullion is the raw material in the jewelry industry, jewelry and other gold bullion. Gold bullion can be sold and bought on various markets or gold exchanges such as the London Stock Exchange, New York, Tokyo and Italy.

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Gold trading with new strategies

When the dealer lays out the lobes and stones in the broken gold pieces and dissolves them, this leads to the loss of the gold piece a lot of weight, in the absence of the invoice for the pieces of gold breakage, it will make it difficult to sell to traders, in case of a drop in gold prices, Will reduce the selling price of gold break for the jeweler traders.

It is also necessary for those who wish to trade in broken gold to have a good experience and knowledge of the chart (price curve) in order to be able to know the path of gold prices in the goldsmiths in terms of rising or falling. It is worth mentioning that investment in gold in general is a long-term investment in the sense that to achieve a good profit must invest in the purchase of gold and keep it for at least 5 years at least and sometimes prefer to extend the period for ten years to ensure a profitable profit.

Gold prices are now at record levels, and gold has always been the commodity that is resisting the changes in the global economy, especially with the unprecedented inflation we see today. You must identify your investment objectives which should be valuable in a volatile market. Learning how to invest in gold is a skill that can be learned through experience.
 

Most financial advisors believe that gold should be thought of as an insurance policy against abnormal economic conditions and learn when and how to sell gold in time to make a profit where investment in gold is always a saving of financial assets in crises.

Investment in gold has emerged from the history of gold as an impervious commodity in politics, inflation, d investment in gold doubled over the past five years while the global economy has fallen sharply.

Investing in gold has a strong anti-inflationary force, such as the big inflation in 1973 to 1982, and gold prices have reached record levels today to nearly three times what was said five years ago.

To learn how to invest in gold usually takes some experience, buyers should go for gold for the first time with the aim of investing in gold buying gold coins and small bullion, and gold pounds first to learn and gain experience in selling and buying gold and how to calculate gold prices today. In gold mutual funds or gold-related investment funds associated with mining and exploration for gold, which with experience is very profitable.

Learning how to sell gold in a volatile market is an important skill. When you are going through a financial squeeze, investing in gold is your preferred choice, but knowing when to sell gold by understanding your gold assets and gold prices today. It is not prudent when you are in a financial crisis to sell gold at a time. The price of gold at the time of the loss of large, and it is not wise to be high gold prices, which earns you a large profit margin and do not sell the gold you have.

Learning how to invest in gold can be a rewarding process. When gold prices are so low now, it is time to buy rather than sell.

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Breaking gold gives you abundant and guaranteed profits

What is gold break trade? A gold break is one of the profit-making patterns that are applied in most goldsmith shops. It is the buying or selling of old and used gold or with certain disadvantages (just minor defects such as a piece of warp or something like that). And gold break the circulation between individuals and shops jewelers, who in turn remove any stones or lobes from the pieces of gold purchased, in the case of presence and then dissolve those pieces to get rid of the impurities present as a result of frequent use and re-manufacturing again.

What are the advantages of gold break trade? The gold break trade is characterized by many advantages, such as it does not require large financial costs to complete, the possibility of selling gold pieces break after melting and polishing and remake again and sell as a new piece of gold, one of the easiest types of trade that can turn the head Free money into a profitable business that increases capital, can be bought at the same price of gold on the stock exchange without the need to pay the factory, ease of mobility and ease of pregnancy from one place to another.

 

Important tips for those who want to trade broken gold

• The best caliber of the broken gold trading is 21 caliber because its price is equal to the same price of gold on the stock exchange.
• Care must be taken to break the broken pieces of gold free of stones and lobsters so as not to reduce the weight of gold after his son-in-law. The best types of pieces that are recommended to buy are guayash because of the lack or lack of workmanship, as well as characterized by increased demand for them.
• The gold can be purchased but it is not as easy to sell as the rest of the species, especially guava.
• It is advisable to deal with more than one dealer and not one trader because this gives the ability to divide and trade between them in terms of price. It is recommended to make the date of trading gold pieces break after the closing date of the London Stock Exchange because traders take the average prices for the beginning of trading and the average price at the close of the London Stock Exchange on the same day and the beginning of the next day.
• Search for the logo of the company on the piece of gold, because there are after the companies that allow the sale of the piece of gold, including the cloves and stones without discounting weight.
• There are those who polish the gold break before selling it to the dealers until it looks just like new when you sell it.

What are the disadvantages of the gold break trade?
The trade of breaking gold, like any other type of trade, has some disadvantages, such as if there are many stones and lobes in gold pieces, this leads to cheap price, ie, selling them at a low price to the goldsmith's shop. The monopoly on achieving more profits, as well as the need for equipment to burn and re-manufacture the pieces of gold used.

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