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 12 calendar days for each lift assuming the banks and airlines are operational.
- What is anticipated with respect to the price of gold for the current fiscal year?
- Answer: We expect the price of gold to exceed $6,000.00 per ounce and 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 is weak, the price of gold tends to increase. Right now, the dollar is weak, so the price of gold is very high.
- There are many factors that impact the price of gold. Demand and the strength of the dollar. The demand for gold remains strong among consumers. Many central banks are beginning to replace their dollar reserves with gold, which has the net effect of increasing demand.
- 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. The price of Bitcoin is down, yet the price of gold continues to increase. The gold bugs and prognosticators thought there would be an inverse relationship between the price of gold and BTC, but it has not happened.