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Would you like to receive our guide to Gold and Silver Bullion?

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Please provide your details to reserve space at Guardian Vaults.

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Would you like to receive our guide to Gold and Silver Bullion?

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Please provide your details to reserve space at Guardian Vaults.

Do you agree to receive promotional emails from us?
Would you like to receive our guide to Gold and Silver Bullion?

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Greece has been in a state of financial crisis since late 2009. Despite imposed austerity measures by the Eurozone over the past six years, the country has been unable to prevent debt from spiraling out of control.

Last week, the Greek government ran a referendum asking its people whether the International Monetary Fund (IMF) and European Central Bank (ECB) should bail them out. 60 per cent of the population voted ‘no’. The result clearly says the people of Greece do not want to be controlled by other powers in the Eurozone.

Changes to the AUD and stockmarket after the Greek referendum

So what do these latest developments mean? And what impact does it have on the Australian market?

The ‘no’ vote does not automatically push Greece out of the European Union. However, there is speculation this may eventuate due to pressures from other European countries such as Germany and France that compensate for the country’s financial failures.

The potential exit caused a worldwide stir in financial markets. The first day the Australian stockmarket opened after the referendum, $35-billion disappeared across a wide range of sectors as investors withdrew funds in fear of collapse.

The S&P/ASX 200, All Ordinaries index and the Nikkei fell by 2 percent, and dollar values rapidly declined. The AUD dropped to 76.3 US cents – the lowest it has been since 2009. In addition, all four major Australian banks weakened by 1.27 per cent. Given that Australian banks heavily rely on finance from the Eurozone, this is no surprise. Such trouble puts Australian markets at risk.

Gold stocks thriving amongst financial crisis chaos

Despite the alarm, one particular investment has flourished: gold. Since the referendum, mining stocks have increased in value – some up to 5.65 per cent.

The move to invest in gold is due to its relative immunity to market fluctuations. In comparison, gold has become a sure-bet, a safe haven for investors. Gold does not require any country to guarantee its value – its worth is independent of such economic volatility. Furthermore, it does not require any interest payments. Gold also retains value over time. It is a limited resource and is recognised as a universal form of currency.

Investing in gold

For those interested in investing in gold, Guardian Gold and Guardian Vaults can help. From purchase and delivery through to secure storage and insurance, Guardian provides a seamless solution for all investors.

To speak with us, contact us via phone or email. Our advisory team and gold storage facilities are at your service both Melbourne and Sydney.

The impact of the Greek financial crisis on Australian investors

Greece has been in a state of financial crisis since late 2009. Despite imposed austerity measures by the Eurozone over the past six years, the country has been unable to prevent debt from spiraling out of control.

Last week, the Greek government ran a referendum asking its people whether the International Monetary Fund (IMF) and European Central Bank (ECB) should bail them out. 60 per cent of the population voted ‘no’. The result clearly says the people of Greece do not want to be controlled by other powers in the Eurozone.

Changes to the AUD and stockmarket after the Greek referendum

So what do these latest developments mean? And what impact does it have on the Australian market?

The ‘no’ vote does not automatically push Greece out of the European Union. However, there is speculation this may eventuate due to pressures from other European countries such as Germany and France that compensate for the country’s financial failures.

The potential exit caused a worldwide stir in financial markets. The first day the Australian stockmarket opened after the referendum, $35-billion disappeared across a wide range of sectors as investors withdrew funds in fear of collapse.

The S&P/ASX 200, All Ordinaries index and the Nikkei fell by 2 percent, and dollar values rapidly declined. The AUD dropped to 76.3 US cents – the lowest it has been since 2009. In addition, all four major Australian banks weakened by 1.27 per cent. Given that Australian banks heavily rely on finance from the Eurozone, this is no surprise. Such trouble puts Australian markets at risk.

Gold stocks thriving amongst financial crisis chaos

Despite the alarm, one particular investment has flourished: gold. Since the referendum, mining stocks have increased in value – some up to 5.65 per cent.

The move to invest in gold is due to its relative immunity to market fluctuations. In comparison, gold has become a sure-bet, a safe haven for investors. Gold does not require any country to guarantee its value – its worth is independent of such economic volatility. Furthermore, it does not require any interest payments. Gold also retains value over time. It is a limited resource and is recognised as a universal form of currency.

Investing in gold

For those interested in investing in gold, Guardian Gold and Guardian Vaults can help. From purchase and delivery through to secure storage and insurance, Guardian provides a seamless solution for all investors.

To speak with us, contact us via phone or email. Our advisory team and gold storage facilities are at your service both Melbourne and Sydney.

Disclaimers: Guardian Vaults Holdings Pty Ltd, Registered Office, Scottish House, 100 William Street, Melbourne, Victoria, 3000. ACN 138618176 (“Guardian Vaults”) All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from the publisher and/or the author. Information contained herein is believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal situation. Guardian Vaults, its officers, agents, representatives and employees do not hold an Australian Financial Services License (AFSL), are not an authorised representative of an AFSL and otherwise are not qualified to provide you with advice of any kind in relation to financial products. If you require advice about a financial product, you should contact a properly licensed or authorised financial advisor. The information is indicative and general in nature only and is prepared for information purposes only and does not purport to contain all matters relevant to any particular investment. Subject to any terms implied by law and which cannot be excluded, Guardian Vaults, shall not be liable for any errors, omissions, defects or misrepresentations (including by reasons of negligence, negligent misstatement or otherwise) or for any loss or damage (direct or indirect) suffered by persons who use or rely on such information. The opinions expressed herein are those of the publisher and/or the author and may not be representative of the opinions of Guardian Vaults, its officers, agents, representatives and employees. Such information does not take into account the particular circumstances, investment objectives and needs for investment of any person, or purport to be comprehensive or constitute investment or financial product advice and should not be relied upon as such. Past performance is not indicative of future results. Due to various factors, including changing market conditions and/or laws the content may no longer be reflective of current opinions or positions. You should seek professional advice before you decide to invest or consider any action based on the information provided. If you do not agree with any of the above disclaimers, you should immediately cease viewing or making use of any of the information provided.

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