| 06/08/2023 2:30 PM Current Market Spot Prices: | Gold: $1,963.83/ozt | Silver: $24.25/ozt | Platinum: $1,029.62/ozt | Palladium: $1,394.92/ozt |
Wednesday, July 31, 2013
Gold Prices Heavily Dependent on the U.S. Economic Data and the Fed's Policy Announcement
www.kmggold.com The U.S. Comex gold futures rose 0.52 percent on Monday before declining 0.33 percent to end at $1,324 on Tuesday, the day before the FOMC meeting. Year-to-date, the gold futures dropped almost 21 percent although the prices jumped 8.2 percent in July.
In contrast, the Dollar Index dropped 1.57 percent in July but rebounded 0.21 percent this week to 81.829 on Tuesday. The S&P 500 Index dropped 0.34 percent this week after being flat last week while the Euro Stoxx 50 Index rose 0.63 percent after rising 0.95 percent last week.
Mixed Global Economic Data
Japan's June industrial production unexpectedly dropped 3.3 percent from May and declined 4.8 percent from a year ago compared to the expected -2.6 percent. The success of Abenomics hinges on a rebound in nominal growth, inflation, and wages.
The U.S. reported the biggest yearly gain in the S&P/Case-Shiller housing index in seven years. In both April and May, the housing index climbed about 12 percent over a year ago, confirming the housing recovery momentum. However, the 30-year fixed mortgage rate has jumped about one percent this year, which may slow down the housing recovery.
According to Barclays, the gold prices remain U.S. macro-centric and will likely react negatively to any positive U.S. employment surprises. The market expects the Fed to shed more light on the timing of the QE tapering on 31 July.
Speculators Raised Gold Bets
The CFTC managed money combined total positions in gold jumped to 70,067 contracts as of 23 July from a recent low of 31,197 contracts as of 25 June. In particular, the combined short contracts declined from a high of 80,147 as of 9 July to currently 52,429.
The speculators believe that the Fed is unlikely to hurry the tapering. Meanwhile, the central banks of Russia, Ukraine, and Kazakhstan added 4.2 tonnes of gold to their reserves.
In China, the first two gold-backed ETFs raised about 1.6 billion Yuan, equivalent to about 6 tonnes of gold. However, the new buying of gold has not been able to offset the decline in investment demand this year. www.kmggold.com
In contrast, the Dollar Index dropped 1.57 percent in July but rebounded 0.21 percent this week to 81.829 on Tuesday. The S&P 500 Index dropped 0.34 percent this week after being flat last week while the Euro Stoxx 50 Index rose 0.63 percent after rising 0.95 percent last week.
Mixed Global Economic Data
Japan's June industrial production unexpectedly dropped 3.3 percent from May and declined 4.8 percent from a year ago compared to the expected -2.6 percent. The success of Abenomics hinges on a rebound in nominal growth, inflation, and wages.
The U.S. reported the biggest yearly gain in the S&P/Case-Shiller housing index in seven years. In both April and May, the housing index climbed about 12 percent over a year ago, confirming the housing recovery momentum. However, the 30-year fixed mortgage rate has jumped about one percent this year, which may slow down the housing recovery.
According to Barclays, the gold prices remain U.S. macro-centric and will likely react negatively to any positive U.S. employment surprises. The market expects the Fed to shed more light on the timing of the QE tapering on 31 July.
Speculators Raised Gold Bets
The CFTC managed money combined total positions in gold jumped to 70,067 contracts as of 23 July from a recent low of 31,197 contracts as of 25 June. In particular, the combined short contracts declined from a high of 80,147 as of 9 July to currently 52,429.
The speculators believe that the Fed is unlikely to hurry the tapering. Meanwhile, the central banks of Russia, Ukraine, and Kazakhstan added 4.2 tonnes of gold to their reserves.
In China, the first two gold-backed ETFs raised about 1.6 billion Yuan, equivalent to about 6 tonnes of gold. However, the new buying of gold has not been able to offset the decline in investment demand this year. www.kmggold.com
Friday, July 26, 2013
Gold Market Anticipates the Policy Meetings Next Week
www.kmggold.com The U.S. Comex gold futures retreated 0.44 percent in the past two days and rose 2.78 percent for the week to finish at $1,328.80 on Thursday. Year-to-date, the gold futures have dropped 20.71 percent although the prices have rebounded 12.67 percent from the recent trough of $1,179.40 on 27 June.
The S&P 500 index has dropped 0.11 percent while the Euro Stoxx 50 index has risen 0.89 percent this week. The Dollar Index fell 0.77 percent this week as the Dollar fell against the Euro, the Pound, and the Yen.
More Growth Outside of the U.S.
The gold prices have reacted positively to the latest jobless claims data in the U.S. and the CPI data in Japan. The weekly unemployment claims in the U.S. were higher than expected at 343,000 while the June durable goods orders jumped 4.2 percent compared to the expected 1.4 percent.
Helped by Germany, the July Euro-area flash PMI index unexpectedly expanded to 50.1. The July business climate index in Germany rose 0.3 to 106.2. The Eurozone economies are stabilizing at a time when China is slowing down. Japan's June CPI rose 0.2 percent compared to -0.3 percent in May while the CPI excluding fresh food jumped 0.4 percent from 0 percent in the prior month.
In anticipation of the rise in the consumption tax next April, prices should continue to rise in Japan while the BOJ is likely to step up its stimulus measures to prevent a hit to the household consumption.
The Demand and Supply of Gold
The World Gold Council expects that the Chinese gold demand will reach 950 to 1,000 tonnes this year, and China will surpass India to be the world's largest consumer. The Council predicts that the central banks will add 400 tonnes of gold this year, down from 532 tonnes last year.
However, jewellery demand, which has responded well to the drop in gold prices, is expected to rise as a percentage of total gold demand for the first time in twelve years. While the gold prices have fallen 20 percent this year and will remain reactive to economic data, at a price of $1,300, most companies in the gold mining industry are unprofitable. In the longer run, mine supply shortage will develop, supporting gold prices.
What to Watch
Next week, we shall monitor the June industrial production in Japan on 29 July, the U.S. FOMC rate decision and the U.S. preliminary Q2 GDP on 31 July, the monetary policy announcements by the ECB and the BOE and the July manufacturing PMI for China, the Eurozone, and the U.S. on 1 August as well as the U.S. July non-farm payrolls and the July unemployment rate on 2 August. www.kmggold.com
The S&P 500 index has dropped 0.11 percent while the Euro Stoxx 50 index has risen 0.89 percent this week. The Dollar Index fell 0.77 percent this week as the Dollar fell against the Euro, the Pound, and the Yen.
More Growth Outside of the U.S.
The gold prices have reacted positively to the latest jobless claims data in the U.S. and the CPI data in Japan. The weekly unemployment claims in the U.S. were higher than expected at 343,000 while the June durable goods orders jumped 4.2 percent compared to the expected 1.4 percent.
Helped by Germany, the July Euro-area flash PMI index unexpectedly expanded to 50.1. The July business climate index in Germany rose 0.3 to 106.2. The Eurozone economies are stabilizing at a time when China is slowing down. Japan's June CPI rose 0.2 percent compared to -0.3 percent in May while the CPI excluding fresh food jumped 0.4 percent from 0 percent in the prior month.
In anticipation of the rise in the consumption tax next April, prices should continue to rise in Japan while the BOJ is likely to step up its stimulus measures to prevent a hit to the household consumption.
The Demand and Supply of Gold
The World Gold Council expects that the Chinese gold demand will reach 950 to 1,000 tonnes this year, and China will surpass India to be the world's largest consumer. The Council predicts that the central banks will add 400 tonnes of gold this year, down from 532 tonnes last year.
However, jewellery demand, which has responded well to the drop in gold prices, is expected to rise as a percentage of total gold demand for the first time in twelve years. While the gold prices have fallen 20 percent this year and will remain reactive to economic data, at a price of $1,300, most companies in the gold mining industry are unprofitable. In the longer run, mine supply shortage will develop, supporting gold prices.
What to Watch
Next week, we shall monitor the June industrial production in Japan on 29 July, the U.S. FOMC rate decision and the U.S. preliminary Q2 GDP on 31 July, the monetary policy announcements by the ECB and the BOE and the July manufacturing PMI for China, the Eurozone, and the U.S. on 1 August as well as the U.S. July non-farm payrolls and the July unemployment rate on 2 August. www.kmggold.com
Thursday, July 25, 2013
Paper Money? We Buy That Too!
At KMG Gold we mostly buy and recycle precious metals; anything and everything that's silver, gold, platinum or palladium. But did you know that we also buy coins and paper money too? We have a lot of happy customers who are often surprised at how much we offer to purchase their old coins for and now we can add a couple customers who've sold us paper money!
We got the following paper bills a couple weeks ago and most of us were surprised to find an American $2 bill and a $1 Canadian bill in the mix. We always thought that $1 bills were only found in America and that $2 bills were a thing of Canada's not-so-distant past! Aside from being extremely interesting and very cool, we figured we'd do a little research on the subject and share what we came up with.
It turns out that Canada still used $1 bills up until printing ceased in 1991 and you can actually use $1 bills that you might discover in your attic since they're still considered legal tender! These notes are almost never seen in normal circulation (as us at KMG
Gold can attest to!) and certain versions are sought after by collectors, depending on when they were issued and whether or not they were a part of a special collection. The version that we have pictured is a special issue of the bill since it was produced in 1967 to commemorate Canada's centennial, rendering it a highly sought-after collectible piece that depicts the young Queen Elizabeth I.
As for the $2 US bill, it's still in circulation, with the latest issue as recent as 2008. It depicts Thomas Jefferson on the front with a reproduction of the painting The Declaration of Independence by John Trumbull. Although these bills are fairly rare, with their production comprising a mere 1% of all printed US money, they aren't usually worth much more than their face value. They do have a few interesting myths that surround them (like that the bill brings bad luck to the holder which can only be dispelled by tearing off a small corner of the bill), so KMG Gold still thinks they're pretty cool!
We got the following paper bills a couple weeks ago and most of us were surprised to find an American $2 bill and a $1 Canadian bill in the mix. We always thought that $1 bills were only found in America and that $2 bills were a thing of Canada's not-so-distant past! Aside from being extremely interesting and very cool, we figured we'd do a little research on the subject and share what we came up with.
It turns out that Canada still used $1 bills up until printing ceased in 1991 and you can actually use $1 bills that you might discover in your attic since they're still considered legal tender! These notes are almost never seen in normal circulation (as us at KMG
Gold can attest to!) and certain versions are sought after by collectors, depending on when they were issued and whether or not they were a part of a special collection. The version that we have pictured is a special issue of the bill since it was produced in 1967 to commemorate Canada's centennial, rendering it a highly sought-after collectible piece that depicts the young Queen Elizabeth I.As for the $2 US bill, it's still in circulation, with the latest issue as recent as 2008. It depicts Thomas Jefferson on the front with a reproduction of the painting The Declaration of Independence by John Trumbull. Although these bills are fairly rare, with their production comprising a mere 1% of all printed US money, they aren't usually worth much more than their face value. They do have a few interesting myths that surround them (like that the bill brings bad luck to the holder which can only be dispelled by tearing off a small corner of the bill), so KMG Gold still thinks they're pretty cool!
Friday, July 19, 2013
Gold Price Not Dropping on Bullish Data
www.kmggold.com The U.S. Comex gold futures initially rose to $1,300 on Wednesday but dropped one percent for the day, erasing the earlier gain in the week. On Thursday, the gold futures rebounded 0.52 percent to end at $1,284.20, rising 0.52 percent for the week.
After Ben Bernanke's two-day testimony, the S&P 500 index rose 0.78 percent while the Euro Stoxx 50 index climbed 1.96 percent. The Dollar Index increased 0.39 percent in the same period although it was down 0.20 percent for the week.
Did the Fed Say Anything New
Despite much anticipation by the market, the Fed's speech did not add anything new. His dovish tone has pleased the markets. The Fed said that there are no preset courses for the QE programme.
The Fed also reminded the market that there will be a considerable gap between the end of the QE and the beginning of the rates increase. Whether the QE tapering will start in September or not, the interest rates will stay put. Also, the unemployment rate targets are thresholds rather than targets. Bernanke remarked that gold prices have turned lower because people are now less worried about extreme negative outcomes.
He also said that the movement of gold is not a good predictor of inflation. The gold futures dropped on Wednesday as the dollar gained. Despite the better than expected U.S. weekly jobless claims at 334,000, the gold price still ended higher on Thursday. As the path of the QE remains uncertain, volatility in the equities, dollar, bonds, and commodities prices will continue.
Bulls Dominate for Now
According to Bloomberg, the gold traders have been bullish for four executive weeks, taking the cue from the Fed that he will prolong the stimulus if growth slows.
The sharp decline in gold prices has revived jewellery, coins, and bars demand. Physical demand has risen especially in China and Japan. Concern on near-term gold supply has pushed up the prices of the July futures above the August futures. The cost of borrowing gold has also shot up to a four-and-a-half-year high in London. www.kmggold.com
After Ben Bernanke's two-day testimony, the S&P 500 index rose 0.78 percent while the Euro Stoxx 50 index climbed 1.96 percent. The Dollar Index increased 0.39 percent in the same period although it was down 0.20 percent for the week.
Did the Fed Say Anything New
Despite much anticipation by the market, the Fed's speech did not add anything new. His dovish tone has pleased the markets. The Fed said that there are no preset courses for the QE programme.
The Fed also reminded the market that there will be a considerable gap between the end of the QE and the beginning of the rates increase. Whether the QE tapering will start in September or not, the interest rates will stay put. Also, the unemployment rate targets are thresholds rather than targets. Bernanke remarked that gold prices have turned lower because people are now less worried about extreme negative outcomes.
He also said that the movement of gold is not a good predictor of inflation. The gold futures dropped on Wednesday as the dollar gained. Despite the better than expected U.S. weekly jobless claims at 334,000, the gold price still ended higher on Thursday. As the path of the QE remains uncertain, volatility in the equities, dollar, bonds, and commodities prices will continue.
Bulls Dominate for Now
According to Bloomberg, the gold traders have been bullish for four executive weeks, taking the cue from the Fed that he will prolong the stimulus if growth slows.
The sharp decline in gold prices has revived jewellery, coins, and bars demand. Physical demand has risen especially in China and Japan. Concern on near-term gold supply has pushed up the prices of the July futures above the August futures. The cost of borrowing gold has also shot up to a four-and-a-half-year high in London. www.kmggold.com
Wednesday, July 17, 2013
Follow the Fed, the Fabrication and the Physical Gold Demand
www.kmggold.com The U.S. Comex gold futures jumped one percent in the past two days to end at $1,290.40 on Tuesday, rising 6.4 percent in the past seven days. The S&P 500 index and the Euro Stoxx 50 index dropped 0.23 percent and 0.35 percent this week after rising 2.96 percent and 3.04 percent respectively last week.
The Dollar Index fell 0.59 percent this week to 82.498 after a 1.73 percent decline last week. After reaching a recent high of 2.7391 percent on 5 July, the U.S. 10-year government bond yield fell to 2.5317 percent on Tuesday.
In-line Chinese Growth Data and Stronger U.S. Data
China's Q2 real GDP grew 7.5 percent year-over-year and was in line with expectation. In Q1, the real GDP growth was higher at 7.7 percent. In the U.S., the June manufacturing production rose 0.3 percent, the fastest growth rate in four months.
The June CPI also jumped more than expected to 1.8 percent from 1.4 percent in May. However, the June advance retail sales rose 0.4 percent compared to the expectation of 0.8 percent. The overall stronger U.S. data may support the start of the QE tapering later this year.
The U.S. Fed's semi-annual congressional testimony on Wednesday and Thursday, especially the Q&A session, will be closely watched by the market for guidance of the Fed's timing of QE tapering.
ETP holdings, Miners' Hedging, and Physical Demand
The gold-backed ETP holdings appear to have stabilized at 1,986 metric tons although the holdings have dropped 646 metric tons this year. The ETP holdings rose 275 metric tons last year.
The gold price has been hurt by the dwindling investment demand this year although fabrication and physical demand have picked up some of the slacks. As the gold price drops, the miners will likely need to hedge their gold production again, putting further pressure on the gold prices. In India, the government measures will likely curb the import demand further in the next six months due to the rising current account deficits. However, Chinese physical demand has continued to surge.
According to Bloomberg, the Shanghai Gold Exchange delivered 1,098 metric tons of gold in the first half of 2013 versus 1,139 metric tons in 2012, more than doubled the annual gold production in China in 2012. In addition, the central banks have continued to add to their gold reserves; net gold demand has risen 94.5 tonnes this year up to May. The European central banks have hardly sold their gold so far this year. www.kmggold.com
The Dollar Index fell 0.59 percent this week to 82.498 after a 1.73 percent decline last week. After reaching a recent high of 2.7391 percent on 5 July, the U.S. 10-year government bond yield fell to 2.5317 percent on Tuesday.
In-line Chinese Growth Data and Stronger U.S. Data
China's Q2 real GDP grew 7.5 percent year-over-year and was in line with expectation. In Q1, the real GDP growth was higher at 7.7 percent. In the U.S., the June manufacturing production rose 0.3 percent, the fastest growth rate in four months.
The June CPI also jumped more than expected to 1.8 percent from 1.4 percent in May. However, the June advance retail sales rose 0.4 percent compared to the expectation of 0.8 percent. The overall stronger U.S. data may support the start of the QE tapering later this year.
The U.S. Fed's semi-annual congressional testimony on Wednesday and Thursday, especially the Q&A session, will be closely watched by the market for guidance of the Fed's timing of QE tapering.
ETP holdings, Miners' Hedging, and Physical Demand
The gold-backed ETP holdings appear to have stabilized at 1,986 metric tons although the holdings have dropped 646 metric tons this year. The ETP holdings rose 275 metric tons last year.
The gold price has been hurt by the dwindling investment demand this year although fabrication and physical demand have picked up some of the slacks. As the gold price drops, the miners will likely need to hedge their gold production again, putting further pressure on the gold prices. In India, the government measures will likely curb the import demand further in the next six months due to the rising current account deficits. However, Chinese physical demand has continued to surge.
According to Bloomberg, the Shanghai Gold Exchange delivered 1,098 metric tons of gold in the first half of 2013 versus 1,139 metric tons in 2012, more than doubled the annual gold production in China in 2012. In addition, the central banks have continued to add to their gold reserves; net gold demand has risen 94.5 tonnes this year up to May. The European central banks have hardly sold their gold so far this year. www.kmggold.com
Monday, July 15, 2013
KMG Gold Recycling Receives Two More BBB Nominations
As a previous winner of several Better Business Bureau (BBB) Torch Awards, KMG Gold Recycling is proud to announce that we've been nominated for two more of these highly-coveted awards for 2013. We've been nominated for the Marketplace Excellence award and the Environmentally Friendly award, both of which we've won in the past, and both of which we're crossing our fingers for this time 
around!
Since 2010, the BBB Torch Awards has operated as an annual program that recognizes businesses that build trust, advertise honestly, remain transparent in their business dealings, honour their promises and display integrity in all of their marketplace activities. Companies are nominated for the awards by peers and customers and the winners are selected by a panel of independent judges. KMG Gold is currently the only company in the precious metal recycling industry (and in Winnipeg!) to receive multiple BBB Torch Awards for Business Excellence.
According to Michael Gupton, President of KMG Environmental Inc., the parent company of KMG Gold, being recognized for the Environmentally Friendly Award this year is something very special. To be nominated for the Environmentally Friendly Award, a business must demonstrate leadership and innovation in minimizing the impact the business has on the environment. All of the precious metals refined by KMG Gold are recycled and placed back into the world's precious metal markets, helping decrease the amount of acid rock drainage generated by mine waste rock dumps and tailings ponds. By recycling their precious metals, KMG Gold customers have helped reduce the amount of acid waste rock generated by virgin mining of gold alone by more than six million tons.
around!Since 2010, the BBB Torch Awards has operated as an annual program that recognizes businesses that build trust, advertise honestly, remain transparent in their business dealings, honour their promises and display integrity in all of their marketplace activities. Companies are nominated for the awards by peers and customers and the winners are selected by a panel of independent judges. KMG Gold is currently the only company in the precious metal recycling industry (and in Winnipeg!) to receive multiple BBB Torch Awards for Business Excellence.
According to Michael Gupton, President of KMG Environmental Inc., the parent company of KMG Gold, being recognized for the Environmentally Friendly Award this year is something very special. To be nominated for the Environmentally Friendly Award, a business must demonstrate leadership and innovation in minimizing the impact the business has on the environment. All of the precious metals refined by KMG Gold are recycled and placed back into the world's precious metal markets, helping decrease the amount of acid rock drainage generated by mine waste rock dumps and tailings ponds. By recycling their precious metals, KMG Gold customers have helped reduce the amount of acid waste rock generated by virgin mining of gold alone by more than six million tons.
Monday, July 15, 2013
Dwindling Gold Inventories and the Rising Sentiments in Gold
www.kmggold.com The U.S. Comex gold futures surged 2.73 percent in the past two days to $1,279.90 on Thursday while the dollar index suffered a loss of 2.17 percent. The CRB Commodities index, the S&P 500 index, and the Euro Stoxx 50 index have rebounded 1.01 percent, 1.37 percent and 0.64 percent respectively on Wednesday and Thursday.
The U.S. 10-year government bond yield rallied about 6bp in the same period.
Bounce After Bernanke
The U.S. Fed's speech, rather than the FOMC minutes, has moved the markets. Bernanke spoke after the market close on Wednesday, saying that the U.S. economy desires a highly accommodative monetary policy for the foreseeable future. The Fed wants to tell the markets that tapering the QE programme does not equate to tightening the monetary policy, or raising the interest rates.
The FOMC minutes reviewed that many Fed governors would like to see more signs of improvement in jobs before agreeing to tapering. Both risky assets and gold reacted positively to the dovish comments by the Fed. The most recent weekly jobless claims in the U.S. unexpectedly rose by 16,000 to 360,000. Equities also got a boost after the Bank of Japan has said that Japan is recovering moderately, and has upgraded its growth forecast for seven consecutive months.
Paper Investments versus Physical Demand
The CFTC reported that net short positions by speculators reached a record high of 129,616 contracts as of 2 July. On July 11, Bloomberg calculated that gold-backed ETP holdings fell to 1,986.47 tons, the lowest level in three years. At the same time, physical demand has been improving.
The Comex gold inventories have been depleting fast because the physical buyers in Asia have been taking delivery of gold. The total Comex and Nymex gold inventories have declined from 11 million troy ounces in February 2013 to about 7.1 million troy ounces in July, with the big drop in April and July this year.
According to Standard Chartered, the one-month borrowing cost for gold rose to 0.3038 percent on 10 July, back to the level of December 2008. If the market realizes that the Fed is still very accommodative, and the demand for jewellery, bars and coins continues to rise, then the gold shorts will likely be squeezed hard.
What to Watch
We will monitor China's Q2 GDP, June industrial production and fixed asset investments in addition to the June U.S. retail sales on 15 July, the U.S. June CPI and industrial production on 16 July as well as Fed Bernanke's speech and the U.S. weekly jobless claims on 17 July. www.kmggold.com
The U.S. 10-year government bond yield rallied about 6bp in the same period.
Bounce After Bernanke
The U.S. Fed's speech, rather than the FOMC minutes, has moved the markets. Bernanke spoke after the market close on Wednesday, saying that the U.S. economy desires a highly accommodative monetary policy for the foreseeable future. The Fed wants to tell the markets that tapering the QE programme does not equate to tightening the monetary policy, or raising the interest rates.
The FOMC minutes reviewed that many Fed governors would like to see more signs of improvement in jobs before agreeing to tapering. Both risky assets and gold reacted positively to the dovish comments by the Fed. The most recent weekly jobless claims in the U.S. unexpectedly rose by 16,000 to 360,000. Equities also got a boost after the Bank of Japan has said that Japan is recovering moderately, and has upgraded its growth forecast for seven consecutive months.
Paper Investments versus Physical Demand
The CFTC reported that net short positions by speculators reached a record high of 129,616 contracts as of 2 July. On July 11, Bloomberg calculated that gold-backed ETP holdings fell to 1,986.47 tons, the lowest level in three years. At the same time, physical demand has been improving.
The Comex gold inventories have been depleting fast because the physical buyers in Asia have been taking delivery of gold. The total Comex and Nymex gold inventories have declined from 11 million troy ounces in February 2013 to about 7.1 million troy ounces in July, with the big drop in April and July this year.
According to Standard Chartered, the one-month borrowing cost for gold rose to 0.3038 percent on 10 July, back to the level of December 2008. If the market realizes that the Fed is still very accommodative, and the demand for jewellery, bars and coins continues to rise, then the gold shorts will likely be squeezed hard.
What to Watch
We will monitor China's Q2 GDP, June industrial production and fixed asset investments in addition to the June U.S. retail sales on 15 July, the U.S. June CPI and industrial production on 16 July as well as Fed Bernanke's speech and the U.S. weekly jobless claims on 17 July. www.kmggold.com
Friday, July 05, 2013
Looking Back: Attire to Inspire Fashion Show
One of our favourite charity events that we attended in the past few months was the Attire to Inspire Fashion Show. The sold-out February show raised money for the Society of Manitobans with Disabilities and for the Easter Seals Manitoba, helping 47,000 Manitoban children, youth and adults. All the proceeds raised stayed within the province to help sustain and support the programs and services provides by these two fantastic charities.
Since KMG Gold Recycling was founded in 2007, working with charities has been an important element of our business that president and founder Michael Gupton supports. At KMG Gold, we're proud to be able to lend our support to the SMD Foundation and Easter Seals Manitoba in helping them achieve their mission of building a community that supports independence, participation and empowerment of persons of all abilities in Manitoba. As much as we love being recognized as Winnipeg's most-trustworthy gold buyer, we also strive to be recognized as vibrant community leaders who give back to charities through donations and other means. This latest expansion of community support is another part of our ongoing commitment to give back to our local communities in which we operate.
To learn more about KMG Gold's role in community advocacy, please visit us at www.kmggold.com. Like us on Facebook and follow us on Twitter for updates, news and promotions at KMG Gold. For more information about the Society of Manitobans with Disabilities and Easter Seals Manioba, visit http://www.smd.mb.ca/.
Since KMG Gold Recycling was founded in 2007, working with charities has been an important element of our business that president and founder Michael Gupton supports. At KMG Gold, we're proud to be able to lend our support to the SMD Foundation and Easter Seals Manitoba in helping them achieve their mission of building a community that supports independence, participation and empowerment of persons of all abilities in Manitoba. As much as we love being recognized as Winnipeg's most-trustworthy gold buyer, we also strive to be recognized as vibrant community leaders who give back to charities through donations and other means. This latest expansion of community support is another part of our ongoing commitment to give back to our local communities in which we operate.To learn more about KMG Gold's role in community advocacy, please visit us at www.kmggold.com. Like us on Facebook and follow us on Twitter for updates, news and promotions at KMG Gold. For more information about the Society of Manitobans with Disabilities and Easter Seals Manioba, visit http://www.smd.mb.ca/.
Tuesday, July 02, 2013
It's Ladies' Night in Elma, Manitoba!
Is there anything better than having a glass of wine and catching up on some gossip with your girlfriends on ladies' night? If you live in Elma, there is. Ladies at the local community centre invited Michael Gupton, the president and founder of KMG Gold Recycling, to their last event, asking him to evaluate and purchase their unwanted jewellery, coins and silverware. These ladies were looking to have a fun night out together and also make a little spending money!Gupton said he was surprised by the invitation but was flattered, saying, "I think we've found ourselves a new market niche." Used to receiving gold and other precious metals in the mail and seeing lots of different people coming through the doors of his popular store on Academy Road in Winnipeg,
Gupton is happy to have found another way to purchase gold that is even more convenient for the customer. Since customer satisfaction is one of the key mandates in KMG Gold's commitment to service excellence, being invited to evaluate and purchase precious metals in a new environment is right up Gupton's alley.