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The Steady Value of Gold against Other Commodities

May 24, 2011 by
gold performance

When compared to other trading commodities, gold has shown a steady increase in value even when other commodities in the market seem to be losing value. Gold coins are the commodity which interests most investors with the sales of and demand for these coins hitting an all-time high compared to the previous years’ performance. In the month of May of this year alone, the US mint has managed to sell 85,000 ounces of the famous American Eagle gold coins. Although such sales decrease the spot price of this precious metal asset, huge increases in price are always expected the following year. In … [Read more...]

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Historic Gold Pieces

April 19, 2011 by
icellin001p4

Gold has been considered a commodity of great value since ancient times as it has been in use as a precious metal for centuries and has never gone to zero value. It has instead been accumulating greater value and has continued to be a means of trade for most countries on the international platform. This metal has proven to be of worth in all fields and its rarity and purity have made it a great material for representing ideas such as love, decoration and even power depending on how it is used. The appeal of gold took over most regions of the world in ancient times with the greatly impacted … [Read more...]

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Gold Trading and Vaulting

April 19, 2011 by
global gold market

Gold markets have gained popularity all over the world as more central banks permit the trading and vaulting of the precious commodity. Many banks purchase this commodity from bullion banks or from mining companies and production areas where it is recycled. Most banks, however, would rather buy gold coins and bars from the global market. Depending on the bullion banks from which you decide to buy the gold bars, the weights which can be bought will differ. There are limitations when it comes to the minimum number of ounces of gold you can purchase but this depends entirely on the bullion … [Read more...]

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Demand for Gold

March 7, 2011 by
demand for gold

One of the main reasons for the intensive mining of gold is that it is a rare metal. As of today, this shiny yellow commodity exists only in a quantity of 165,000 metric tons. If all of it were put together, you would only get a pure 24K gold cube of 20 meters. Hence, the demand for buying gold rises globally. It is widely used in jewelry by many ethnic groups, with India and China taking the lead, with 60% of their gold used for jewelry. But other demands for gold are for investment, for central bank reserves and for technology. Each sector has different dynamics driving the demand for … [Read more...]

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History of Gold

March 7, 2011 by
gold history

Gold has a glittering history since the ancient days. From gold flakes to gold bars, the ability to buy gold has come in many forms over the centuries. Some golden moments that make up its history are briefly recorded below: Around c.3600 BC – Gold was smelted by the Egyptians using blowpipes. 2600 BC - ancient Mesopotamian goldsmith crafted the first few pieces of gold jewelry. Between 1200 and 1500 BC, a new casting technique was developed; the so called lost-wax technique was used in the jewelry process to improve the hardness of gold, allowing color variations. 1223 BC - … [Read more...]

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Debt Denial

February 9, 2011 by
debt crisis

The recent astounding debt crisis is now beyond economics; it is more complicated now with figures casting an impending catastrophe. Moving on, the debt plague takes precedence over elections or policies, predicting hard outcomes. A time will come when the real debt is not affected by growth and taxes; it cannot be covered up easily. Debt comprises contingent liabilities and bonds; in the US, it is translated as social security, housing obligations and health-care which is costing the nation more than $60 trillion. This figure does not include state pension obligations that are unfunded but … [Read more...]

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U.N. calls for Dollar replacement from international standard

February 9, 2011 by
un_gold

The U.N. Department of Economic and Social Affairs commented in a recent report that the US dollar is unreliable to serve as an international currency; a more reliable and stable unit should replace the US dollar. This comment was brought forth after the fall of the US economy in the recent recession as the dollar was viewed with concern as the international trade currency. The UN report commented that the US dollar is not as stable as it needs to be as an international reserve currency. It was proven as an unstable storage of value that can affect international trade. A lot of … [Read more...]

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Buying Gold Coins: What You Should Know About Gold Prices

February 9, 2011 by
gold us dollar

The price of gold increased by 6% during the third quarter of 2010, as reported by US Mint. This surge stemmed from the increased demand of bullion gold and gold coin of 5% in September. The US dollar’s decline also boosted gold investment. Hedge funds also played a part in boosting the gold coins’ prices. It was suggested that the US Mint had trouble keeping up with the production of gold coins and bullion gold due to the increasing gold demand. The 24-karat American Gold Buffalo and the Canadian Gold Maple Leaf coins were the market’s favorite for the third quarter. Understanding … [Read more...]

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Numismatic $20 Saint Gaudens Coins

December 6, 2010 by
saint gaudnes gold coin

There may be many numismatic gold coins on the market but none enjoys the rich heritage that the $20 St. Gaudens gold coin does. It was designed and crafted by the renowned sculpture Augustus Saint Gaudens, who was commissioned by President Roosevelt just at the start of the 20th century. Also known as the Double Eagle, this magnificent $20 gold coin was minted by the U.S. Mint between 1907 and 1933. St. Gaudens lived up to his name and fame by producing the best American coinage design through the Double eagle $20 gold bullion. Specifications of the $20 St Gaudens The weight of the $20 … [Read more...]

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Is the Gold bubble bursting soon?

December 6, 2010 by
gold bubble

Many are wondering if gold prices will continue to climb upwards or burst like a soap bubble. But one should consider how gold fared with the previous 2 bubbles – tech mania in 1990s and housing bubble in 2005/6.  Tracking its trajectory, gold seems to be moving along the same direction like the tech mania and housing bubbles. In comparison, gold at this point in time is not at its peak.  If you look at charts you will find that we are gathering momentum into the third and final phase. Some may want to move their money into the market now before we hit the third phase, as the third … [Read more...]

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