tag:blogger.com,1999:blog-198505882012-02-16T06:14:03.577-05:00Guide on How to Buy Gold Coins and Gold Bullion.goldpricenoreply@blogger.comBlogger248125tag:blogger.com,1999:blog-19850588.post-36260768514753200992012-02-16T01:52:00.000-05:002012-02-16T01:52:14.593-05:00

The gold bugs are rising. Even US states, nervous about the failing economy and heavily laden with debt, are jumping on the band wagon. More and more states are looking at the Utah model of allowing citizens to pay their debts and trade using gold as an alternative to fiat money. When Governor Gary Herbert signed a bill into law in March 2010, Utah became the first state to stick its neck out

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-66060216610677493252012-02-13T17:49:00.001-05:002012-02-13T18:03:08.128-05:00

Customers Buy Gold in Vietnam A Vietnamese sociologist once said, "Empires may fall, currencies may change. ... Gold will always survive." It is easy to buy gold in Vietnam. In fact it is almost de rigueur. The Saigon Jewelry Company (SJC), a government owned company, has a monopoly on Vietnamese gold bars manufactured in Vietnam. Pure Swiss 999.9 parts gold per thousand is used in these

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-52832944345563706462012-02-07T18:58:00.002-05:002012-02-07T19:00:47.854-05:00

Chart courtesy of http://www.dailyfx.com/Gold is better than US Treasury Bonds. The interest rate on bonds is currently anywhere from .60 percent to 3.6 percent depending on the bond, the maturity and other factors.* The rate of inflation in the US is currently 3 percent according to government figures** So the actual return on US treasury Bonds is anywhere from zero up to about 1 percent.

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-46767095990352854452012-02-02T21:22:00.000-05:002012-02-02T21:22:53.282-05:00

Every man and his goldfish is offering predictions on how much the gold price is going to go UP in the coming year. Lets take a new look. Let’s look at how much currency is going to go DOWN in the coming year. For the gold price, in fact, does not change at all. If one could simply go out and buy goods and services with gold instead of paper money, one would use the same amount of gold to

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-34579504085001015702012-01-31T18:16:00.000-05:002012-01-31T18:16:56.181-05:00

Gold fever has captured the Chinese during the Lunar New Year holiday festival marking the start of the Chinese year of the Dragon and the Chinese Year of the Dragon could easily be called the Chinese Year of Gold. Recent information from China's Ministry of Commerce recently showed that the sales of gold, silver and jewelry at Caibai, a major Beijing gold retailer, rose a massive 57.6% Also

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-36980411642843098082012-01-22T20:39:00.000-05:002012-01-22T20:39:16.546-05:00

In any Asian culture, gold is considered more valuable than paper money. This applies to China as much if not more so than other Asian nations. Coupled with the rising standard of living and more cash to spend 300 million Chinese are about to buy gold in volumes never seen before on this planet. According to the World Gold Council, China is expecting to overtake the world’s top gold consumer,

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-86673572080023424982012-01-18T19:43:00.000-05:002012-01-18T19:43:02.544-05:00

There are, as always, many predictions for gold in 2012. Various gold buffs and serious investors all have their forecasts for 2012. 2000 dollars an ounce, 3000, 4500, even up to 10,000 has been ventured. Over the past year the gold price rose 11 percent overall. Over the past 30 odd years the gold price has maintained a steady increase in price, partially due to the deterioration of the

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-63670329957538321572012-01-12T18:34:00.000-05:002012-01-12T18:34:24.482-05:00

China are boosting their gold imports to record heights this month as the weeklong Luna New Year is about to start as a 'hedge against financial turmoil'. According to Bloomberg, 'Demand for gold is climbing in China as investors seek to protect their wealth against slumping property prices and equity markets amid an inflation rate above 4 percent. The nation overtook India in the third quarter

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-13850057142229384582011-12-29T21:07:00.001-05:002011-12-29T21:12:20.792-05:00

There seems to be a big disparity between gold shares and gold bullion. While gold bullion and spot gold have been increasing around 12 percent this year, shares of gold miners have been falling around 15 percent. In fact the smaller gold miners are down much more, around 40 percent. This gulf between the price of gold and the price of gold shares has caused acute pain for some of the biggest

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-75146422164043173162011-12-27T15:53:00.000-05:002011-12-27T15:53:49.400-05:00

China is moving to tighten controls over the mushrooming of small gold exchanges operating around the provinces. The Peoples Central Bank (PCB0 has restricted gold spot trading to the Shanghai Gold Exchange and the Shanghai Futures exchange, with unauthorized exchanges ordered to stop trading. According to the World Gold Council, China has overtaken India in the third quarter of 2011 as the

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-12392943397696275122011-12-12T19:38:00.000-05:002011-12-12T19:38:24.954-05:00

Blanchard and Co., the New Orleans-based coin and precious metals company recently brokered a deal in which extremely rare gold coin was sold for a record 7.4 million dollars. The gold coin was sold to a Wall Street investment firm, the identity of which along with the seller, was not disclosed. The rare Gold Coin was minted by Ephraim Brasher the goldsmith in 1787 and contains 26.66 grams of

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-43490209571769179842011-12-11T23:29:00.000-05:002011-12-11T23:29:57.260-05:00

Gold is increasingly used to back loans in India. This is getting closer to the use of gold as a standard. More than Rs 50,000 million worth of gold is going to be used as collateral to get loans in a rapidly expanding gold loans market. Industry estimates indicate that 200 or so tones of gold were used as collateral to raise loans over the past 12 months or so. According to industry estimates,

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-21577267821600214862011-12-11T02:09:00.000-05:002011-12-11T02:09:32.325-05:00

A new reason to buy gold in Australia has emerged. Just recently the Reserve Bank of Australia, who sets the benchmark interest rate, reduced the cash or official interest rate twice in a row bringing the official cash rate to 4.25 per cent at the time of writing this. In November the RBA cut the Interest Rates by 0.25% to 4.50% In December by 0.25% to 4.25%. In his public statement, Governor

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-92142247506971799492011-12-06T16:45:00.000-05:002011-12-06T16:45:54.291-05:00

Could gold be the reserve currency of the day? According to Eric Sprott, CEO of Sprott Asset Management, gold has unwittingly been made the reserve currency of the central banks. In a recent interview Sprott stated, "I don't care whether the central banks have or governments have, but the markets made it the reserve currency... central banks have been aiding and abetting that process -

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-25341301714565738252011-12-05T20:37:00.000-05:002011-12-05T20:37:50.791-05:00

Which is probably the reason why the banking fraternity regard gold as a rebellious cousin to be tolerated out the back, but not shown to the public. Unfortunately printing money does not increase the value of money quite the contrary, but it does improve the price of gold. A good excuse to buy gold incidently. Some banks still instinctively understand the value of gold as evidenced by their

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-59468984275829516632011-11-29T15:17:00.001-05:002011-11-29T15:28:09.815-05:00

Russia, one of the biggest holders of gold bullion is buying gold hand over fist. It has recently increased its gold bullion reserves by a massive 19.5 tons last month according to the International Monetary Fund (IMF). In fact a whopping 25.7 tons of gold with a value of 1.38 billion dollars have just been added to existing reserves in Belarus, Colombia, Kazakhstan, Mexico and Russia.

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-19723571062687061622011-11-25T16:55:00.000-05:002011-11-25T16:55:03.651-05:00

What is the future gold price? The gold price you see in the news media is not actually the price of gold. It is considered to be the ‘gold futures ‘price, but it is not even the future price of gold since no one can predict with absolute certainty what the future price of gold is going to be. The future gold price is what the price of gold will be at some time in the future. Not something

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-13379183349389865532011-11-22T21:45:00.000-05:002011-11-22T21:45:16.359-05:00

Is China out to corner the gold market? China is currently buying gold as fast as the west can sell it. This appears to be a long term strategy to preserve its wealth in the face oif currency deterioration in the west, primarily in Europe and the US. China carries massive debt from the west and is evidently looking to convert this debt to asset value as the value of debt deteriorates. The

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-18257526263827420992011-11-19T19:30:00.000-05:002011-11-19T19:30:17.720-05:00

Fake gold and silver coins are flooding the market, mostly from China. With precious metals prices poised to be the biggest price explosion in centuries, fake gold and silver products are becoming a booming industry say Global Piracy & Counterfeiting Consultants (GP&CC). According to GP&CC, "One Chinese counterfeiter openly bragged about producing 100,000 fake U.S. Silver Dollars per year, and

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-54877896219861736932011-11-03T15:53:00.000-05:002011-11-03T15:53:43.557-05:00

Luxury goods specialist Stuart Hughes has created the Gold History Edition iPad 2. It weighs two and a half kilos, nearly five times that of an ordinary iPad and at $7,708,000 is one of the most expensive gadgets around. According to Stuart Hughes, This is a solid gold and diamond iPad. 'Encrusted with 25.5 carats of 'IF' Flawless diamonds, a magnificent total of 53 individually set sparkling

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-52839453371154925582011-11-01T19:40:00.000-05:002011-11-01T19:40:58.405-05:00

The result of ten years of work with EMPA Technology has resulted in clothes now made out of high tech gold material rather like the finest of silk yet made of gold. In this technology gold is sprayed onto polyester in a plasma coating plant. About the size of a normal refrigerator, inside a small piece of gold is sprayed with fast moving argon ions resulting in atoms of gold being knocked off

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-89440896460811533962011-11-01T19:16:00.000-05:002011-11-01T19:16:15.040-05:00

The Royal Mint is introducing a new gold ETR program of Exchange Traded Receipts (ETRs) under the Mint's new Canadian Gold Reserves program. According to the Mint, 'Each ETR provides evidence of ownership in physical gold bullion held in the custody of the Mint at its facilities in Ottawa, Ontario. The Canadian Gold Reserves program marks the expansion of the Mint's successful core bullion and

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-5872940046567284632011-10-27T17:13:00.000-05:002011-10-27T17:13:25.513-05:00

The Perth mint (Australia) has just unveiled the worlds most valuable gold coin. At a massive one thousand and 12 kilograms, the 99.99 per cent pure gold coin weights over a tonne and there is very little small change out of the 54 million dollars you would have to pay for it. This gives a new meaning to the cry, buy gold! Weighing in at one thousand and 12 kilograms, it measures nearly 80

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-56317106750722462972011-10-25T21:27:00.000-05:002011-10-25T21:27:44.852-05:00

Mumbai has become the first city to have a gold ATM dispenser in India. Not only that but it rolls out silver and Diamonds also. The ATM gives new meaning to the term buy gold in India. The Gitanjali Group, opened the machine in a luxury shopping mall in the city recently and stated it had already served a "substantial number of customers". The Gitanjali Group is a modern integrated

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0tag:blogger.com,1999:blog-19850588.post-86975793367666823602011-10-16T21:17:00.001-05:002011-10-18T15:48:53.701-05:00

Hong Kong's Chinese Gold and Silver exchange has officially started trading today. Gold denominated in renminbi can be used by Chinese to trade in and even redeem gold on the exchange. Haywood Cheung, the president of the 101-year-old bullion exchange, said the so-called Renminbi Kilobar Gold contracts could boost trading volumes by up to 30%, or HK$40 billion a day, during the next six months.

Michael Moorehttp://www.blogger.com/profile/13739217039402627922noreply@blogger.com0