The ABC Bullion Gold Saver Account
The ABC Bullion Gold Saver account is the perfect solution for those looking to build up a savings account in physical precious metals (both gold and silver). Individuals can set up a regular direct debit from their bank account, which ABC Bullion will convert into either gold or silver upon receipt. Your savings are then linked to the price of gold and silver, allowing them to grow over time, with gold rising by 10% per annum in the past decade, a far higher return than any cash account or term deposit.
The ABC Bullion Gold Saver account is also a perfect solution for parents and grandparents looking to create a valuable long term savings account for their children or grandchildren. All the gold and silver bought through the ABC Bullion product range is refined at the ABC Refinery, Australia’s only independent London Bullion Market Association (LBMA) and Shanghai Gold Exchange (SGE) accredited gold refinery.
MAJOR REASONS GOLD & SILVER PRICES RISE
Low Interest Rates
When interest rates are low, investors are encouraged to withdraw money from the bank, and invest it into assets like gold and silver, which benefit from the increased purchasing.
Central Bank Demand
Central banks, including the Reserve Bank of Australia, hold tens of thousands of tonnes of physical gold. They buy hundreds of tonnes of gold every year, which facilitates increasing prices in future years.
Strong Long-term Returns
Gold prices have risen more than any other mainstream market over the longer term. With prices rising, an increasing number of investors are investing in gold and silver.
Chinese and Indian Demand
The world’s most populous nations already buy over 2,000 tonnes of gold every year, and this number is set to rise between now and the end of the decade.
Unlike the dollars you save in an everyday bank account, the supply of both gold and silver is limited. This helps precious metals hold their value over the long term.
The Insurance Effect
Whenever there is increasing uncertainty about the economy, or extra volatility in financial markets, investors tend to flock to physical gold and silver. This is because physical precious metals have traditionally been considered wealth “insurance”.