(Bloomberg) — Miguel Perez-Santalla, vice-president of business development at BullionVault, talks about the outlook for gold prices and the U.S. and European economies. Perez-Santalla speaks with Alix Steel on Bloomberg Television’s “Lunch Money.”
From The Wall Street Journal story Happy Birthday, Bar Code! See video below.
In a era where technology becomes obsolete in the span of a presidential cycle, the bar code, which celebrates its 40th anniversary this year, has managed to not only remain ubiquitous, but actually still has a future. Bob Carpenter, president and CEO of GS1 U.S., the firm behind the bar code, stopped by the MoneyBeat set to talk about this grocery store staple and its online future.
BullionVault, a physical gold and silver market for private investors online, has seen new account openings triple since April 15, with four new accounts opened for every one account that liquidated gold holdings, according to Miguel Perez-Santalla, New York-based vice president of business development.
The drop in gold deposits was 1% at its worst in April, but that was cut to 0.8% by the month’s end “as customers bought some back,” he said. “If you compare, by percentage, our losses to that of the ETF, you see that our customers are the buy-and-hold crowd versus the fast money.”
Steve Blumenthal, CEO of CMG Capital Management Group is quoted in the Wall Street Journal story Investors Fault a Model Portfolio For Falling Far Behind the Times and also in the MarketWatch story Is investors’ favorite strategy doomed to fail?. Steve told reporter Charles Passy that the 60/40 asset allocation model may no longer work. Excerpt:
Mr. Blumenthal advocates an even split among three buckets: stocks, bonds and a final grouping he calls “tactical and alternative,” meaning it blends alternative and other investments and can be adjusted as conditions merit.
Influence Consulting Group clients make news. In the USA Today story, Gold badly tarnished, sees biggest drop in 30 years, Miguel Perez-Santalla, Vice President at BullionVault in New York, discusses events that lead to the big drop in gold. Despite the dip, BullionVault customers are net buyers of gold, seeing opportunity on the dip.
Miguel Perez-Santalla, Vice President of BullionVault, offers a glimpse into the history of precious metals from the earliest days to modern times including their primary uses, their driving force and the story they tell about mankind. Miguel’s presentation, Beauty and Avarice: A Romantic History of Precious Metals is tomorrow, Thursday, April 4, at the Museum of American Finance, 48 Wall Street (corner of William Street), 12:30 – 1:30 PM. Cost is $5. Feel free to bring your lunch.
The Museum of American Finance is the nation’s only independent museum dedicated to preserving, exhibiting and teaching about American finance and financial history. Housed in a historic bank building on Wall Street, the Museum’s magnificent grand mezzanine banking hall provides an ideal setting for permanent exhibits on the financial markets, money, banking, entrepreneurship and Alexander Hamilton.
Investors are talking about how the Fed just might pull this off today, but there might be some risks to avoid still. Steve Blumenthal, CMG Capital Management CEO, joins Markets Hub at the WSJ Live. See video below or on WSJ Live: Markets Ask: Will the Fed Pull it Off?.
New York, NY — BullionVault CEO Paul Tustain was in from London today and talked to Markets Hub at The Wall Street Journal. The price of gold has nearly doubled in five years. Although gold is currently under some pressure, there is still room for savvy investments, says Tustain.
BullionVault’s Miguel Perez-Santalla appeared on Hard Assets Investor for more than nine minutes to speak about the latest market activity, trends in the gold market, and the benefits of owning, managing and trading physical gold.
BullionVault is the world’s largest provider of direct gold bullion ownership to private individuals, with 44,800 private investors in 159 countries, representing $2.2 billion in stored bullion. Excerpt from interview:
Bullion Vault’s main competitor is the ETF market. But we offer a solution for owning physical, which is the cheapest, and competitive to the ETF market. ETFs I think are the fast money. That’s not the sticky money. That’s where you want huge liquidity and to be able to get in and out instantly. But if you’re going to buy and hold over a long period, I think there are other solutions. – Miguel Perez-Santalla