Yet Another Major Reason To Buy Gold…

Investing in gold is a wise decision and I have been advising you to invest in gold since last year.

And, if you have made your decision not to invest in Gold, then you are missing huge potentiality.

Humans take a few years to mine or extract gold, but it takes millions-of-years for minerals to formulate gold in the deep of the earth’s crust.

It is the continuous process for mining companies, they need to discover for new deposits. Therefore, the number of mining businesses hasn’t been increasing.

Large mining organizations cutting their investigation budgets for a considerable length of time and the investigation budget hit an 11-year low, by the end of 2016.

As a result, the gold price remains almost the same as the previous years, and this is the main reason behind disinterest of investors towards the gold investing sector.

The chart of the Gold Miners ETF (GDX) reflects the same thing what I was trying to explain, the price has been almost the same for five years.

chart of the Gold Miners ETF (GDX)

Also, the gold price was going down by 30% compared to the price in 2011.

To survive in the bad times, gold mining companies had reduced their investigation budgets.

This scenario indicated that the demand for gold will pick up again and there will be insufficient gold supply.

Surprised? Ok. Don’t believe my words!

Major reasons to invest in gold

Pierre Lassonde, the billionaire founder of gold royalty giant Franco-Nevada and former head of Newmont Mining –

“If you look back to the 70s, 80s, and 90s, in every one of those decades, the industry found at least one 50+ million-ounce gold deposit, at least ten 30+ million ounce deposits, and countless 5 to 10 million ounce deposits.

But if you look at the last 15 years, we found no 50-million-ounce deposit, no 30 million ounce deposit, and only very few 15 million ounce deposits.

So where are those great big deposits we found in the past? How are they going to be replaced? We don’t know.”

Ian Telfer, chairman of Goldcorp, who told the Financial Post:

 “If I could give one sentence about the gold mining business … it’s that in my life, gold produced from mines has gone up pretty steadily for 40 years. Well, either this year it starts to go down, or next year it starts to go down, or it’s already going down… We’re right at peak gold here.”

Let’s think! Gold production is peaking, and the large companies are not spending to explore new deposits, these indicate there will be a drastic change in the gold industry when the demand picks.

As a result, all miners will begin to overtake one another to accelerate their production in order to meet the rising demand for gold.

These are already happening – Telfer’s Goldcorp ($8.5 billion) company was acquired by Newmont Mining for $10 billion.

That isn’t a coincidence! Barrick Gold bought Rand Gold in $6 billion.

This is closely what we are expecting where large miners acquiring one another to fix the gold production issue. And If I am not wrong, it should be beneficial for long-term by means of gold prices.

Now, some of the biggest gold mining companies spending $16 Billion (combined) to increase their gold assets. This indicates that there is a big shortage of GOLD – It’s just started!!

Taking A Look At The Gold Stock Management Software

Inventory management use to be a tedious task even centuries ago when gold stock management was a high paying job. There were paper and ink for most of the record management tasks and probably some other tools that historians can help us know better. In any manner, the task is humongous even today as time has become more precious than ever. You cannot afford to spend 6 hours a day calculating the total number of gold stocks at your reserve. What if there were errors in the calculation? What about the convenience in making these calculations over and over again? Perhaps our ancestors didn’t feel like it back then.

But today, things have changed. And, this opportunity has been utilized by many renowned players in the market such as marg, tallywale and more. There is more than just counting to inventory management.

What kind of help can the gold management software do?

As with any software, it eases the bunch of calculations you would like to do. These programs, as mentioned above, are not mere counting assistants. They help in supply chain management, category management, merchandising and much more. In some cases, your entire business might depend on using the right piece of code. This is completely different from dealing with the price of gold or silver tomorrow.

This works today and will continue to work for the future. In some sense, it acts as the feeding ground for the future prediction machines and tellers. You can find more information about them in related articles. Transforming your business can help you go further. Depending on various aspects of your business starting from lending, borrowing, staff, designers, workers, purchase or sell, there is everything in a good software package.

When you are working with domain-specific software, you have a lot of data and tools built-in such as price forecasting tools that show you real-time information. You can find the exchange prices in real-time, the surcharge, the making charges and much more. This can be the root of your billing software that works on the other end of the line. It works for online sales and purchase.

What are certified gold assets?

Tasks have been evolving rapidly in the IT field – having an online business, ticketing and invoicing is a common task. Keeping everything online in the cloud and having secure communications between your inventory and real-time assets is very important. There are software services that enable such services at the click of the button. To help enable such purity and authentication global councils and standards bureau have set some policies. Together they help determine the validity and the authenticity of your assets.

Before you make your purchase of a inventory management application, going through such standards bureau is very important. A detailed record processing program helps a lot in keeping every bit of information on starting till endpoint of your order safe. Today, more than a dozen organizations offer certifications and policies for anti-fraud dealings as online deals are more vulnerable than ever.