by Nathan
If you have been watching any television over the last 6 months you must have noticed more and more adverts trying to get you to send them your gold.
Cash4gold,
Postalgold,
Send your gold.co.uk.
They are telling people that gold is at its all time high so cash in and make money. Ok here is a fact that 90% of the general public don’t know, if you take into account all the recent money stimulus’s in the last year, gold should be close to $15,000 per ounce.
Today gold is at $1048. Now do you understand why they are spending hundreds of thousands of pounds on T.V advertising trying to get your gold.
A small tip would be, Buying Gold Coins and bullion is one of the best investments today. They know it and now you know it.
Tags: buy gold coins, investments, silver
Posted in Hot Precious Metal Topics | Comments (0)
by Nathan
Gold has been used as currency for over 2000 years. The gold price per ounce never really had a fixed price. It was always measured in relation to the goods and services that it bought. It wasn’t until after World War II, in 1944 that a ‘gold standard’ was introduced after a conference at Bretton Woods. At that conference they fixed the gold price per ounce at $35. At that time the US dollar was 1/35th of an ounce of gold.
The system was initially a success and it lasted for about 27 years when in 1971 the US President at the time, President Nixon took gold off the gold standard and the US no longer could convert the dollar to gold. Taking the US off the gold standard was a huge turning point as the US was now free to just ‘print’ the currency.
Today all investments are driven by ’supply and demand’. Unlike other commodities which are consumed, most of the gold that has ever been mined still exists by either hoarding or use for jewelry. So the gold price per ounce as with most investments are run by ‘Greed and Fear’ rather than production.
So on to investing today. Is the current gold price per ounce a bargin? With unprecedented amounts of currency being created and with no place for interest rates to go, the US is in big trouble. History shows us that inflating the money supply has always ended badly. But it also creates a fantastic opportunity for the educated investor. People who now understand what is going on with gold have a once in a life time opportunity. Which is great for you.
Most people think that investing in gold and silver in complicated and should only be left to the professionals but that is not the case. Investing in precious metals is actually one of the easiest investments to make. Firstly it is very important to buy the physical metal first. It is very simple to find a safe, secure dealer and take possession of your gold at home or keep it in a secure vault. Just doing that one step will keep you way ahead of most of the professionals. If you are more advanced, then you can buy the gold mining shares or EFT’s to give you more leverage. Today the gold price per ounce at only $1059 approx is an absolute bargin. Which is why you are seeing many gold adverts on TV trying to get you to send them your gold.
Tags: current gold price, current spot price, gold price, Gold Price Per Ounce
Posted in Gold Price Per Ounce | Comments (0)
by Nathan
The Krugerrand gold coins were first minted in South Africa in 1967. The krugerrand was to be used as part of the currency and for a way for people to take ownership of gold. For that reason it was minted in a durable gold alloy which is why it is a slightly darker shade of yellow compared to the other gold bullion coins.
The value of krugerrand gold coins is taken from the current market price, unlike other gold bullion coins which can have a face value. The krugerrand gold bullion coin was the first ever coin to derive its value like this. It was also the first ever bullion coin to contain exactly one ounce of gold.
Not many people know that in the 1970’s and 1980’s it was illegal to import the krugerrand in many Western countries but the sanction was changed in 1994. In 1980, 90% of the gold coins in circulation were krugerrand’s. It was this statistic that made other countries begin to mint there own coins. Canadian Maple Leaf, Australian Nugget, Britannia Coin, American Gold Eagle.
On one side of the coin is the statesman Paul Kruger, four-term president of the old South African Republic. The other side of the coin is a picture of a springbok, one of the national symbols of South Africa.
The exciting point about the precious metals sector today is that a complete novice can now invest and make better returns than most professionals. In fact there is no better investment than gold and silver.
There has recently been and continues to be huge amounts of money being ‘printed’ by the various governments around the world, which is fantastic for gold investors. Only last week of writing this article it was released that the UK have just created another £25.5 Billion to bailout the Royal Bank of Scotland. That is a grand total (so far) of £45.5 Billion making it the largest bank bailout in history.
I think new investors should not just take any one persons advice when investing, whether it be in real estate. Look at what other countries are doing and there is only one real opportunity today.
Tags: buying gold coins, gold coins, Krugerrand gold coins, precious metal
Posted in Krugerrand gold coins | Comments (0)
