<![CDATA[Stewsgame - Gold Silver & Platinum]]>Sat, 24 Feb 2018 23:48:46 -0800Weebly<![CDATA[Precious Metals Will Go Up!]]>Fri, 17 Mar 2017 03:04:35 GMThttp://stewsgame.com/4/post/2017/03/precious-metals-will-go-up.htmlSure  the Fed raised rates today, but you can still expect silver, gold, and platinum to go up, maybe a lot.
Current Spot Prices:
Silver $17.26
Gold $1,226.50
Platinum $953

<![CDATA[Italian Referendum's Effect on GoldĀ ]]>Fri, 02 Dec 2016 22:54:06 GMThttp://stewsgame.com/4/post/2016/12/italian-referendums-effect.htmlA "No" vote will send gold up on Monday, December 5.

A "Yes" vote may see gold unchanged or down a little
<![CDATA[Gold on the Blockchain]]>Wed, 30 Nov 2016 15:17:03 GMThttp://stewsgame.com/4/post/2016/11/gold-on-the-blockchain.htmlAnother way to trade gold will be coming from Britain's Royal Mint in 2017.
US based CME will provide the trading platform and the Royal Mint will put gold bars into its on-site secure vault, which will then be digitised to create RMGs, (Royal Mint Gold), whose ownership will be recorded on the blockchain.

Unlike the traditional model for investing in gold, with management fees and storage charges, RMGs will offer ownership of the underlying gold with the option for conversion to physical gold by the Royal Mint at zero storage cost.

I RMG will equal 1 gram of gold, (1/31 of a troy oz) or about $38 at gold's current price of $1177.40. There is no indication yet of any premium that may be applied, but it is doubtful that trading will take place at spot value.

<![CDATA[Sharia Gold]]>Tue, 22 Nov 2016 01:30:43 GMThttp://stewsgame.com/4/post/2016/11/sharia-gold.htmlOn December 6, 2016, a long-anticipated clarification of Sharia law that would permit the world’s 1.6 billion Muslims to invest in gold.

Owning gold investments has been a controversial issue, with different interpretations of Sharia law. To clarify the issue, the World Gold Council (WGC) and the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), which establishes Sharia standards for Islamic finance,  have drafted standards for investing in gold to comply with Sharia law.

Sharia compliant investing (also known as Halal Investing) is a subset of Socially Responsible and Ethical Investing based on investments that adhere to Islamic Principles. Whereas finance traditionally has been driven solely by the effort to maximize risk adjusted returns, Islamic and Socially Responsible investors have added an additional objective for financial market activity – compatibility with the investor’s ethics and promotion of social-welfare activities.
In brief, any portfolio cannot hold shares of a company that:

  • Provides non-Islamic financial services and any other related interest services.

  • Manufactures/sells products or services not approved by the Ethical Board (i.e. liquor, tobacco, gambling, pornography etc).

  • Have interest revenue exceeding a certain percentage of total revenue (usually 5%) - unless it is given to charity.

  • Do not have a certain percentage of non-liquid assets.

Purification is a pivotal element of the Islamic investment process and ensures that no money that has been earned has come from unethical means. If such money is discovered it must be given toSharia-compliant banking grew at an annual rate of 17.6% between 2009 and 2013, faster than conventional banking,[7] and is estimated to be $2 trillion in size

According to the World Gold Council, the new Sharia gold standard could result in “hundreds of tonnes” of new demand coming from Islamic investors

<![CDATA[Not yet unless you are really brave]]>Wed, 16 Nov 2016 03:06:58 GMThttp://stewsgame.com/4/post/2016/11/not-yet-unless-you-are-really-brave.htmlAlthough they picked up a little today, all the experts say there might be one more down movement before they all take off.
<![CDATA[Be ready to buy]]>Sun, 13 Nov 2016 18:22:51 GMThttp://stewsgame.com/4/post/2016/11/be-ready-to-buy.htmlIf you didn't sell , don't. Watch for a bottom and be ready to buy. Looks like Platinum starting to move up.

Ask Prices London fix Troy oz. 11/13/2016  
Gold 1228.6
Silver 17.47
Platinum 676

Gold/Silver Ratio* 70.3262736119
Gold Platinum Ratio** 1.8174556213

* Historical 1 year = 75         5 year =63
** Historical 1 year = 1.9      5 year =1.97
<![CDATA[Gold and Silver Down more than Stock Market]]>Fri, 11 Nov 2016 16:10:53 GMThttp://stewsgame.com/4/post/2016/11/gold-and-silver-down-more-than-stock-market.htmlEquities markets are down about .25%. So is gold. Silver is down .5% and Platinum is down .6%.  Kind of unusual that they all go down together like this. Kitco says it's due to technical selling. Whatever

Oil is also down. Only thing that seems to be going up is Base metals with copper being the leader
<![CDATA[Ratios and Prices]]>Sun, 06 Nov 2016 18:53:21 GMThttp://stewsgame.com/4/post/2016/11/ratios-and-prices.htmlSpot Prices:
    Gold $1305
    Silver  $18.40
    Platinum $997

Gold/Platinum ratio is currently at 1.2. It is usually below unity , (or 1)

Gold tends to outperform platinum when the confidence in the government, economy and fiat money is deteriorating, while it under performs platinum during periods of monetary stability, economic growth and high confidence in the financial system

Gold Silver ratio is at 70.9. It has been falling since a high of about 83 in January 2016, indicating that silver is currently outperforming gold.
<![CDATA[Gold OK for Sharia investments?]]>Thu, 03 Nov 2016 18:36:12 GMThttp://stewsgame.com/4/post/2016/11/gold-ok-for-sharia-investments.htmlChuck Butler reported in today's Daily Pfenning that very soon there is likely to be a  change to Sharia standards (which are what many Islamic financial institutions follow in whole or in part) to allow Gold to be traded like a commodity and held as an investment. 

The World Gold Council (WGC) has been working on this for some time. Currently under Sharia standards, gold, silver, salt, wheat, barley and dates, can only be traded by weight and measurement and the trade must be take place right away, which means that speculating on futures is non-compliant with the standards.  Gold can be used as jewelry or even as a currency, but not as a commodity investment.

This change would potentially pave the way for many new investors and large sums of currency to enter the market and propel it to higher gains.