Where would a country like Germany stock up its gold? The answer would be obvious right? Of course within the geographic domains of the country! In all likelihood, the gold would be lying safely in a heavily guarded vault, somewhere in Frankfurt. This, however, is far from reality! You would be surprised to learn that the gold reserves of Germany, which is the second largest in the world, are held by Paris, New York and London. It is only now that a campaign for bringing all the reserves back to the country has been mobilized and is gathering steam with every passing day. A phenomenon such … [Read more...]
Estimate the Gold Price in January 2014
December 14, 2012 by
The connection between gold and other monetary forms is evident from the available long-term charts. The long-term charts reflect that one performs better than the other, until the other tries to match up. However, let us consider the present scenario that is the US monetary base expansion from the time when the financial slump hit in 2008. As the Fed has announced "QEternity," it can be concluded that the monetary base expansion will persist. As a matter of fact, it the growth continues till the end of January 2014, there is a possibility that the price of gold will be approximately $2,300 … [Read more...]
How Is Gold Used?
October 29, 2012 by
There are several uses for gold and they come in a wide variety. Meaning, gold as an investment is not the only way gold is used. Gold is a very valuable metal that has several unique properties that contribute to making it very popular amongst many industries. Gold has a high level of malleability, ductility, it resists corrosion, and many other chemical reactions, it has great electrical conductivity, it reflects infra red light and has great thermal conductivity properties. Gold is used in a wide variety of electronic devices such as home appliances, cell phones, telephones, and … [Read more...]
Gold Bars
October 29, 2012 by
Gold bars can provide you with protection for your assets as well as financial stability for the future. Gold never loses its value and in fact the amount of goods and services that an ounce of gold could purchase in the past is the same amount that an ounce of gold could purchase today. The amount of fiat currency that it takes to purchase gold does change and while the economy goes through inflation and recessions it appears that the value of gold is increasing but what is actually occurring is the decrease in value of fiat currencies. This is why it is a good idea to purchase gold bars and … [Read more...]
Canadian Silver Coins
October 29, 2012 by
Canadian silver coins are a great collectors item not only because of their aesthetic beauty but also because of their silver content. Coin collectors don’t just collect coins to increase their assets, in fact most coin collectors do it because it can be a fun and enjoyable pastime. Silver coins are great to collect because they are the most affordable of all precious metal coins and it is quite easy to build a large collection pretty quickly. The most popular Canadian silver coin is the Canadian Silver Maple Leaf. There was so much success with the Gold Canadian Maple Leaf produced in … [Read more...]
When Should I Sell My Gold?
October 2, 2012 by
When should I sell my gold is a great question and one that everyone should take into consideration and put some thought into. The answer to these questions weighs heavily on why you purchased gold in the first place and what your goals and objectives are for owning gold. If your reason behind owning gold was because you were enamored by their beauty and wanted them as collection pieces then you probably are not considering selling them to begin with. However, if you purchased gold bullion bars, antique gold coins, or proof sets then you were most likely thinking into the future with the … [Read more...]
Prospecting for Gold
August 21, 2012 by
Prospecting for gold is the exploration of new gold or gold deposits. The method and resources used by the prospector will depend on what type of deposit the prospector is seeking to find. This endeavor is mainly done commercially however; in a few developed countries prospecting for placer gold has become a popular recreational activity. If you were in search for gold nuggets the best places to look would be places where gold nuggets have been found before. A number if people prefer to pan for gold by bridges where gold bearing streams flow under them. Others hunt for gold in the wild … [Read more...]
Looking Through the Numismatic Glass
August 21, 2012 by
David Bowers, of PCGS, wrote a column “The Joy of Collecting,” published in Coin World on April 2, 2012. In it he said, “The year 2012 marks the sesquicentennial of the greatest monetary disruption in American History.” While the North and South were forced into the most dangerous dispute the nation has ever seen, a variety of coins, currency, tokens and also postage stamps were employed to carry on the commerce. The second part of this article talks about the tokens that were struck by a variety of sources to allow daily transactions possible. Plantations and agriculture in the … [Read more...]
IRA’s and Gold
August 17, 2012 by
When there is an increase in the price of gold more people begin taking an interest in purchasing it. Large institutional buyers have bought gold for years and the general public only recently started investing in gold, and they only make up a small percent of buyers. If you decided to make an investment in gold you would have the option of choosing paper gold or physical gold. One aspect of physical gold that most investors are not aware of is that it can be bought and held in an IRA (Individual Retirement Account). If you currently have an IRA or 401K that can be rolled over you … [Read more...]
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