NEW YORK, April 8, 2016 /PRNewswire/ -- eBullion Inc. (EBML) observed investors funding their gold trading accounts when gold price had the strongest quarterly rise since Q3 1986. More investors are funding Gold investment accounts for the first time in Q1 compared to the last quarter of 2015.
In Q1, 2016, eBullion observed more investors are funding their Gold trading accounts in the company's wholly owned subsidiary Man Loong Bullion Company. Man Loong Bullion Company is an AA trading member of the Chinese Gold and Silver Exchange Society ("CGSE"). This observation is in line with the research report that was released by BullionVault.com.
"GOLD' s largest Dollar-price rise in almost 30 years saw a jump in new private investing," writes Adrian Ash at BullionVault.
"New account openings here at the market-leading physical gold and silver exchange online almost doubled between January and March compared with the previous 3 months, reaching a level not seen since spring 2013.
"Back then, in contrast, gold investing prices suffered their worst-ever fall, dropping 25% against the US Dollar between April and June 2013 and drawing a wave of 'bargain hunting' from private individuals buying gold at what were then the lowest prices in almost 3 years.
"Gold ended last month 17% higher versus the Dollar from the end of December, its strongest quarterly rise since Q3 1986."
More research showed part of the reasons that price of Gold is up by 16% year-to-date is due to Negative Interest Rate Policy (NIRP). In addition, the demand for gold as a portfolio asset may structurally increase, as NIRP:
- Reduces the opportunity cost of holding gold;
- Limits the pool of assets some investors/managers would invest in;
- Erodes confidence in fiat currencies; and
- Further increases uncertainty and market volatility.
This press release contains forward-looking statements that may involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding eBullion's strategy, future plans for business development, future expenses and costs, future liquidity and capital resources, and estimates of business profit. All forward-looking statements in this press release are based upon information available to eBullion on the date of the release, and eBullion assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that business development will continue at any specific progress. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's 10-K filed with the U.S. Securities Exchange Commission.
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