InstaForex company suggests you to get acquainted with one of the most stable and affective instruments of capital saving. Nowadays almost every interested person can have an access to the world gold market and invest his funds to this precious metal. Moreover gold may be not only as dead weight but also percentage deposit. You may use gold in forward transactions, which gave tangible profit. This is very effective to invest in gold in the period of crises, when other investment instruments can not give the same result.
Gold is the most old and effective measure of capital and wealth dimension. Other precious metals were used for the same purposes. Generations were replacing each other and gold was as measure equivalent and at one and the same time payment facility and commodity for everybody. System of “gold standard” made a great influence on world economy development in XIX-XX centuries. National borders receded in the face of gold and it served as the main world currency system till 70s XX century, due to this operations with precious metals were under strict control. Mostly all transactions were made on the level of states’ monetary authorities and international financial organizations.
However, as a result of contradictions within the system qualitative changes took place and currency rates become floating. As consequence gold’s role was changed, legally it was excluded from the world currency turnover. Liberalization of gold deals began, rights of individuals to physically possession of metals were widen. Market of precious metals was transformed, not only market structure was changed but also its members and spectrum of transactions. Nowadays gold is not more payment facility, however it has not leave the system of economic relationship. Today world gold market constitutes combination of internal and international markets, which are almost not under governments ‘control. All these guarantees 24 hours global trading not only of precious metals but also of their induced instruments.
Demand structure at world market of gold may be nominally divided into 3 sectors: hoarding at all levels, industrial and domestic consumption, speculative operations. Offer consists of precious metals, private and government reserves, processing of secondary raw materials (gold) and illegal traffic.
The main resources of offers are gold producers, main buyers – those who use it for industrial purposes. Both appear at market irregularly due to different factors. However, we will touch upon lifts and recessions in the market of precious metals later.
Gold markets.
International gold markets – located in such cities as Zurich, Hong-Kong, London, New-York, Dubai. High demands are raised to the market participants. They are usually big banks and specialized companies, which have good reputation and credit standing. Spectrum of possible transactions at the international market is rather wide. There are no taxes and customs control. Huge transactions with precious metals are hold 24-hours a day, which give extensive clients’ network. All rules are made by market participants.
International gold markets – located in such cities as Zurich, Hong-Kong, London, New-York, Dubai. High demands are raised to the market participants. They are usually big banks and specialized companies, which have good reputation and credit standing. Spectrum of possible transactions at the international market is rather wide. There are no taxes and customs control. Huge transactions with precious metals are hold 24-hours a day, which give extensive clients’ network. All rules are made by market participants.
Internal gold markets – are markets of one or several countries mostly focused on local investors. They are divided into free and regulated. Free markets are mostly all European markets – for instance, in Milan, Paris, Amsterdam, Frankfurt-on-Main. Regulated – markets mostly of the Third World countries. In internal markets deals are mostly made with small bars and coins, means of payment – native currency.
Black markets – some markets at Asian continent. Their existence is connected with great government limits on transactions with gold. Black markets live in parallel with closed ones. Closed market – the form of internal markets with radical organization, where gold import and export are forbidden and because of taxes precious metals’ trading are not really profitable.
Participants of gold markets.
Gold-workers.
Mostly gold entered market from gold producers. These are small enterprises or big corporations. Companies’ influence on the market depends on the quantity of gold supplies.
Industry.
Industrial and jewellery enterprises, as well as companies which deals with refining (clearing of gold).
Stocks.
In some countries there are special sections at stocks which are busy particularly with precious metals.
Investors.
Investors have different interests at the market and this lead to the investment in different forms. The most popular instrument for investors is CFD.
Banking sector.
National banks are the hugest operators at gold market, they make rules. It should be mentioned, that active sales of reserve gold is not their main goal but demonstrate interest in active usage of reserves. National banks have big influence on the market climate which became especially noticeable in the 90s of XX century.
Intermediary and dealers.
Professional intermediaries and dealers on the gold markets are specialized companies and commercial banks. They are one of the leading hand because almost all the gold firstly goes to their hands.
Physical metal market
The largest amount of operations with physical gold is carrying out in London and Zurich. Firstly predominant part of all gold trading was carrying out in London, which metal delivery from the Commonwealth Nations (mostly Republic of South Africa) promoted to. They were attracted by the skilful organization of precious metals trading. Gold transferred from London to continental Europe and from there forward to the Middle East.
Mostly gold entered market from gold producers. These are small enterprises or big corporations. Companies’ influence on the market depends on the quantity of gold supplies.
Industry.
Industrial and jewellery enterprises, as well as companies which deals with refining (clearing of gold).
Stocks.
In some countries there are special sections at stocks which are busy particularly with precious metals.
Investors.
Investors have different interests at the market and this lead to the investment in different forms. The most popular instrument for investors is CFD.
Banking sector.
National banks are the hugest operators at gold market, they make rules. It should be mentioned, that active sales of reserve gold is not their main goal but demonstrate interest in active usage of reserves. National banks have big influence on the market climate which became especially noticeable in the 90s of XX century.
Intermediary and dealers.
Professional intermediaries and dealers on the gold markets are specialized companies and commercial banks. They are one of the leading hand because almost all the gold firstly goes to their hands.
Physical metal market
The largest amount of operations with physical gold is carrying out in London and Zurich. Firstly predominant part of all gold trading was carrying out in London, which metal delivery from the Commonwealth Nations (mostly Republic of South Africa) promoted to. They were attracted by the skilful organization of precious metals trading. Gold transferred from London to continental Europe and from there forward to the Middle East.
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