Gold Buyers and Traders: Common Questions
Gold Buyers and Traders: Common Questions
Gold Buyers and Traders: Common Questions
- What is the time frame to export of 50 kilograms of gold?
- Answer: It takes approximately 15 calendar days for each lift assuming the banks and airlines are operational. The more recent issue is Covid 19 and the inherent challenges it causes for international travel. Before returning to the states, we must take Covid tests in Ghana. We traveled at the end of January and into February of this year to Accra, Ghana. Before returning to the states, we had to undergo Covid 19 tests in Ghana before boarding the flight to the United States. We comply with the laws of Ghana and the United States.
- What is anticipated with respect to the price of gold for the current fiscal year?
- Answer: We expect the price of gold to remain stable with normal fluctuations based on the value of the dollar. When the dollar is strong, the price of gold tends to be lower; conversely, when the dollar weakens, the price of gold tends to increase.
- How will Bitcoins impact the price of gold?
- Answer: We are uncertain about the long-term impact, but the short-term impact is limited. Overall, we do not expect any correlation between bitcoins and the world market price of gold. From a global, macro -economic view, the U.S. Federal Reserve and the Central Banks around the world are carefully watching bitcoins for many reasons unrelated to the price of gold.