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Tag Archives: Interest Rate

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Unlocking the Power of Gold and Silver to Beat Inflation

Finance

In an era of mounting inflation, finding ways to protect and grow your wealth is paramount. Brisbane Gold Brokers is your trusted ally in this financial journey, we offer unique solutions to empower you against inflation. Let’s explore how you can leverage the power of gold and silver to secure your financial future.

Convert Idle Gold and Silver into Cash

Brisbane Gold Brokers exclusively deals in gold and silver, offering you a direct route to convert your unused assets into immediate cash. Whether it’s gold jewellery that’s lost its luster or silver items hidden away in a draw, our experts are here to assess their value and provide you with the highest payouts available.

Fast Transactions, High Gains

Time is of the essence in the battle against inflation, and Brisbane Gold Brokers recognises this. Our process ensures that you receive cash within minutes of your appraisal. By promptly transforming your gold and silver into usable funds, you can stay ahead of the financial curve.

Store Location for Your Convenience

Our centrally located office at 180 Queen St, Suite 501, Brisbane, is easily accessible, making your visit quick and hassle-free. We’re just around the corner from David Jones and Tiffany & Co, ready to provide you with expert appraisals and the best rates for your gold.

Gold and Silver Loans for Fast Cash

Brisbane Gold Brokers offers unique cash loans backed by your gold and silver as collateral. With competitive rates and no extensive background or credit checks, securing a loan is a streamlined process. Visit us with your gold item today to get a quote instantly and discover how you can access cash in times of need.

In a world where inflation threatens financial stability, we are your dedicated partner, specialising in the purchase of gold and silver. Let us be your shield against the rising tide of inflation, ensuring your financial future remains secure and prosperous.

Does the interest rate affect gold value?

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Due to the falling commodity prices and trade, Australia’s Reserve Bank moved Australia’s interest rate down to 2 percent earlier this month. Occasionally some of our clients ask us around an interest rate change how it affects the price of gold and if so, how to maximise the return.

Valuing gold is actually quite complicated and the most difficult compared to other commodities. Some experts have often said there is usually a pattern between interest rates and gold prices, however, people should not use that pattern or similarity as a guide due to the complex nature of gold values!

Some factors that can affect the price of gold include:

– The Australian dollar, which is affected by factors such as labour, manufacturing, inflation, consumer and business confidence and many other factors.

– Unemployment. One of the most important parts of the Australian economy is employment. Looking at trends overseas, the gold price has typically gone up when employment levels have gone down. This has not always been the case (especially Australia), however the data is an important sign of how the economy is performing.

– News, events, disasters. Major events such as disasters, even changes in government can have an affect on the price of gold. Tensions between countries also have affects.

– Deflation, inflation. Strong inflation usually means strong economic growth and the Reserve Bank may increase the interest rate to slow it down a little bit. Does this effect the price of gold, its another factor, so yes.

– Financial crisis. After the 2008 financial crisis, the price of gold grew a lot in various countries, including Australia. Why did the price increase so much? There are many factors, including the above!

At Brisbane Gold Brokers, we always follow the latest gold prices using a combination of industry-leading sources, our experienced gold economists and our innovative, proprietary system. When you see our gold price board on our homepage, you are seeing the most up to date gold prices in Australia! Our backend system works around the clock to ensure our website only displays the most accurate information possible.