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Time to Buy Precious Metals Now | The Daily Gold

Time to Buy Precious Metals Now | The Daily Gold | Gold and What Moves it. | Scoop.it

Since the end of December we’ve been writing about the coming bottom in precious metals. Our forecast for 2013 was to see a low in Q1 and then continued consolidation until the end of the summer in which Gold could be in good position to break $1800. That forecast remains largely intact, although it appears the mining stocks will bottom quite a bit lower than we thought two months ago and even five months ago. Three weeks ago we noted that a potential final bottom was on the way. After beating around the bush we are ready to say that now is the time to begin buying and we’ll show you why. ...

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Vietnam Bullion trade in disarray since new regulation

Analysts questioned this claims and said gold bar holders are having trouble finding a proper place to sell their precious metal.

 

HANOI(BullionStreet): Gold bullion trade in Vietnam continued to get affected as majority businesses were kicked out of gold trading market following the new regulation.

 

Analysts said more than eighty percent gold shops were banned from gold bullion transactions after failed to meet financial requirements necessary to maintain business after the implementation of the January 10 regulation.

 

However, country's central bank, State Bank of Vietnam claims that there are 2,500 facilities available countrywide, licensed to trade gold bullion, are enough to serve public need. ...

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