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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Reasons for the low prices due to direct investors towards the stock market

    Zuzu
    Zuzu
    Zuzu
    Cain't Let Go Investor
    Cain't Let Go Investor


    Posts : 264
    Join date : 2012-12-20
    • Post n°1

    Reasons for the low prices due to direct investors towards the stock market Empty Reasons for the low prices due to direct investors towards the stock market

    Post by Zuzu Sun 21 Jul 2013, 7:56 am


    Reasons for the low prices due to direct investors towards the stock market






    07/21/2013Suha Shaykhli *
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    Despite that seen in gold markets in Baghdad, a significant decrease in the price of gold, there are expectations for higher prices is likely some jewelers that this decline will depend on two main factors namely, the price of a barrel of oil and the dollar exchange rate, the higher the price of a barrel of oil rose with gold prices and the lower dollar Alamerreqi Gold prices increased, on the other hand, as the changes in the political life such as war on Iraq and the demonstrations that swept the Arab world leads to lower the price of the dollar and, in turn, leads to higher gold price. 

    Its effect on Iraq 

    We went to an expert on behalf of Jamil Antoine economic question whether the low gold will affect the Iraqi economy, he said: 

    Does not affect Enkhad gold globally on the Iraqi economy so that we have about 30 tons of gold in the central bank, and the descent of the value of gold will not pose a threat to what we have gone and will line solutions with this decline, said Antoine that Iraqi women will Ikmn transfer Musogathen to currency As foreign Awalaracah and but Ahdhirhen from sale of old jewelery largely because the old gold bead 21 carat is pure and free of copper, but by a few, while that arises now in the importing market which does not exceed the caliber 16-12 grain note that the gold market in Iraq is controlled legally, because the Central Agency for Standardization and Quality Control can not check everything that enters into Iraq from where it enters the gold to Iraq tons of gold and Atie quality and enters a large proportion of copper. 


    And the reasons for the sudden decline this gold expert Antoine pointed out that there is a global economic crisis experienced by many countries, including Greece, Italy and Spain, and the gold is subject to the principle of supply and demand, and through this crisis, there is a weakness in demand and increase in supply. 

    Decline globally 

    He spoke of the new morning, Dr. Maytham Laibi Head of Finance and Banking at the University of Mustansiriya on the subject of the low value of gold and its economic impacts globally and locally, he said: 


    The Gold precautions task of central banks world, a kind of hedge fear of lower currency, whether the dollar or the euro, and it is known that the amount of gold globally is limited, and happens to be sold large amounts of it if dropped its price unchanged if any other commodity, banks globally have reserves between 10-30% of the gold, and has bad effects if dropped, and thus when the decline means that the world's reserves will decline is also, and this produces of course be affected by currency, countries whenever they have large amounts of gold will not be affected by the decline, but when effect will lose its control over the import because the reserves cover the import process over a period of time If, ​​for example, was a period of 6 months, this is a good thing but if more than a year or two is a sign of strength of the economy in that country. 


    But at the local level indicates Dr. Laibi that what is available from gold represents only 10% of reserves compared to foreign currency, so we find that Talther impairment is limited and does not have little effect, while globally and in general all countries retain a 25% gold reserves in the banks, and that the current crisis the world has not affected countries, including, because through this reduction will be determined by the price of gold as determined quantities produced and extracted, it features gold that is not used industrially only 7% and 93% uses cumulative and this added advantage of gold so it is up Kkhozan reserves by States. But that more quantities are in the reserves banks. 

    He said economics professor Dr. Abdul Rahman Karim said the continuing high price of gold, which in the past was the result of economic crises that hit the world through the fluctuation of the dollar, the euro and its use as a reserve in the world's central banks, as well as growing demand for use navy and aesthetic and entry in the electronic industries and ruled out the cream In a statement for the new morning control gold prices to dealers, noting that it global prices and Iraq is not affected by, stressing that the process of smuggling gold abroad does not affect the price locally, but there are large amounts coming into the country. He criticized the cream there are no factors counter help to lower the price of gold in Iraq, pointing to the existence of a close relationship and counterproductive between gold and the dollar, he said, adding that the financial crisis that has befallen the United States affected and directly on the price of gold, forcing people and businesses to resort to buying gold from banks Central in the world, and this is what makes the price of gold rising globally and the high price of gold in the domestic market before this period due to the increase in the standard of living for families Iraq from what it was in the past, making the Iraqi woman buys and are increasingly leading to increased price locally. And Oharkarim that the Iraqi trader bears Dzouamaana of this unprecedented rise and has a big role in this aspect, and continued: intervention amounts of gold without supervision and controls on the import process in the country, and there might be smuggling of gold abroad and this also has a role to increase its price locally result display little in the market. He favored the decline in gold prices without staying on the current prices, being a temporary issue, calling on the Iraqi women to behave rationally to buy Gold Jewelry. Dr. Karim stressed the link for the Iraqi market global markets Any impact that affects the world is affected by Iraq and directly. He pointed out that China has all the world's reserves of gold and flock to buy it and dramatically, Aadenh as a safe haven for them and this is what is part of the reason to rise globally to unprecedented levels.

    And Aakdkarim that Iraqi gold traders have nothing to do with the high price, but it is linked significantly to global stock markets being not subject to supply and demand in the local market. He ruled researcher in economic affairs Dargham Muhammad Ali that there is smuggling of gold abroad, which led to increase its price, stressing that the Iraqi market open price of gold is fixed inside and outside, so the trader items imported on a regular basis, and continued in the past was a smuggling operation abroad found As a result the big difference in price inside and outside Iraq, likely that the falling price of gold to levels of the real, which is half the current prices and possibly less. 

    Modern jewelers 

    And the ills of goldsmiths in the market for the door to be in Kadhimiya, including jeweler Abu Haidar that the reasons for the high price of gold in Iraq due to the economic crisis taking place in the world, especially United States, which hit its banks to fail and this is what has led to a lack of confidence in currency States and request alternative currency as trading is a new (Gold). He added that the frequent talk about changing the currency and delete the zeros in Iraq also lead to more demand towards alternative currency, and in the former currency was alternative dollar and because the collapsed due to Global Economic Crises therefore it is the trend towards gold and that there is an inverse relationship between gold and the dollar ie if the rose the price of gold, the dollar fall, and vice versa because it comes with the conviction of the consumer, it is recalled that the price of gold in Iraq arrived (300) thousand dinars to the weight of one caliber 21, and now says Abu Haidar price of gold for the day corresponding to July 13 is as follows the purchase price of gold from citizens is 215 dinars, while the sale is 225 dinars and confirms Abu Haidar that gold witnessed a decline two days ago, bringing the price to 210 for purchase and 220 for sale, and a slight increase has occurred during these days, and with all of that, women are still roaming in the gold market and buy what they like it is not even wait until the decline that perhaps there will be on the price of gold.

    [b style="font-size: 13px; font-family: Verdana, Arial, Helvetica, sans-serif; text-align: left;"]Gold Investment[/b]


    Sayegh stressed most of the Adhamiya district that the decline in world gold prices of indicators that confirm the existence of a state of investors out of the precious metal market, and the trend towards stock markets, which has seen an upswing recently.


    He said Ghalib The gold-resident higher than the price of the real, though any correction in the gold price is to be expected, especially as the investment it is now become a big risk, and added that the low price of the metal world will pay the Iraqis with limited income for the sale of their savings in gold that they bought to sell at a higher price or So are counted, and added that the decline in gold prices globally will lead to injury Iraqis low-income and middle-b panic, who lack a culture of investing in this precious metal, what will push them to the gold market in the coming period for the sale of what is stored gold in excess of their needs.


    On talking about the reluctance of some of the gold market and go to the stock markets, he said that gold-resident higher than the price of the real, and what is happening today to try to strengthen the price gains for speculators only, and that any correction in price is to be expected especially that investing in gold is now is a big risk.


    Gold speculation 
    [rtl]
    And speaks jeweler Luxury Mohammed about the status of gold in the speculation, the real value of the yellow metal, he says: the descent of gold in periods last from the record levels reached, and what is the case today of the leading indicators that confirm the existence of the case out of the investors of the market for the precious metal, and the trend towards stock markets experiencing an upswing in recent times, describing the pattern that is currently in the global markets, b pattern wrong, which was based on speculation, adding to speculation that occurred in the gold market and resulted in higher prices, took advantage of that period, which was going through the economy Universal type of ambiguity and uncertainty, pointing out that the stability of global economies, and the existence of those signs and reasons to change the motivations to go to the yellow metal is being applications for the time being, and stressed that the correction witnessed gold universally expected, and that the outlook was subject to the demise of the reasons, which is what happens now , Improved economies of the countries of the leading causes of withdrawal from the investment in the precious metal and the tendency to look for other opportunities witnessing stability, stressing that gold prices remain subject despite the decline and followed bearish trend at the moment, any variables, specifically political, may occur from this period until the end of the year Current, but we can not expect that gold exhibits an upward path, and will continue to States and European news has the most prominent role in controlling the movements of the Iraqi market.[/rtl]





    Gold savings 
    [rtl]

    And Astbaadalsaúg Abu Nuran pay dips current Iraqis to shop gold to sell quantities saved of gold, especially those who bought in the last month and added: percentage of buyers of gold for investment among consumers to a limited number accounts for about 20 per cent of the total sales volume, Most of them no longer need to sell urgently, stressing that most customers do not perceive the profitability as much as their views to be used for ornamental and sell it in a time of need only, and ruled out the Abu Nour and a case of sale by the owners of gold dramatically at the moment, and pointed out that most of the buyers of in order to save their staff and especially female teachers, trying to compensate for the weakness of their currencies Bactnaz gold to sell it at a time when the urgent need only, stressing that the correct price of gold was expected, and it may come back in the next two years to the prices of previous achievements in the process of landing, and that the price of gold current higher than the value of the real and actual costs dramatically.[/rtl]



     Global prices 


    That the price of gold is certainly global prices this what he said to us goldsmith Abdul Hussein visit from Jewelry Market in Adhamiya, denying that he can be a private determining the purchase price, either selling, the sales market is off now in waiting for the descent of a prospective, stressing that the gold market is witnessing a decline in sales due to season summer and the disruption of the study During this period GOES orientations people to travel outside the country for tourism and change the atmosphere and some of them occupied by other things life again away from the gold and identifies visit the causes of low gold prices to the economic crisis not only in Iraq but in most cities in the world, and the offer of large quantities of gold in global markets leads to a large number of supply and lack of demand decreases its price for the purpose of sale, does not rule out a visit there by foreign companies controlled by the value of gold globally, when high demand for gold raises its price until her discharge all of its merchandise and then working to reduce it to buy back either For those of us never goldsmiths did not get affected in any way because we control wording prices and We have thus عوضنا this we lost as a result of the low price of gold.



    Accessories and safe


    Speaks to us goldsmith Sami Alwan Karrada district from the lower prices of the gold market in our local markets and says:


    One of the main reasons is smuggling gold to neighboring countries and there are other reasons, including fluctuating global market and economic crises in the world, and on the acquisition of Iraqi women to Massagat Golden says Alwan: were not banks convention in earlier times, but he was head of the family stores gold buying Massagat numerous wives and thus hitting two birds with one stone, store money in the form of gold, and make gold accessories for women and thus popularized being (Accessories and safe), has excelled in the past, Jews in the formulation and sale of gold, and after their displacement to Palestine, taking away some of Sabean working formulation of gold and silver as well, but the exposure their shops to armed robberies in Baghdad and other provinces have made the sons of that community are hesitant in their work, and the turnout of Iraqi women to buy gold recently pointed Alwan, that meant rising standard of living for the family, and women we have gourmet and always looking for new, and this new may Gzana UAE recently which is gold, which is subject to mechanical work dramatically. 


    And confirms the goldsmith Alwan that the low price of gold does not mean that the increase in the purchase majority expects to reach down to the other levels and even that does not encourage the sale of both parties jeweler and the citizen who has loads of Almassagat gold, and gold prices How is now says Adnan it 215 000 dinars for an 21-carat weight and buy a 225 thousand dinars, and forecast to decline Acharalon knowing God.



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