Hond Financial

Posts Tagged ‘gold’

Considering the current state of the North American economy and the forever increasing spike in gold prices , it is obvious why people are bringing out their damaged gold and silver jewelry and are getting rid of them to cash 4 gold refineries in an effort to come up with some additional cash to pay down some debts as a way to meet their next payments.

Maybe you are experiencing the same situation you will be wise to methodically do your investigative work before unloading your gold,silver or platinum to just any gold dealers for the reasons that there is a large amount of scam cash for gold companies in the precious metal buying business who will gladly prey on your desperation and reward very little for your gold.

Even though this way of doing business is not illegal, it is in my opinion, not in your best interest and I feel it necessary to inform those of you who might be thinking of parting with your used gold, silver or platinum to be certain to avoid businesses that are posing as gold brokers and to do business only with gold refineries or cash 4 gold companies that utilize their own personal metal refineries

You must realize, gold buyer are being middle men between you and a metal refiner and therefore they will pay you in the area of 30 percent of the actual value for your fine jewelry and instantly trade it back to a gold buyer themselves therefore keeping the lions share and in turn you receive a few lousy dollars.

A short while ago, Fox news put together a kind of undercover operation, where they submitted three exact same pieces of gold to 3 individual precious metal buyers and waited for their payout and while 3 of the businesses did in fact send a check for their broken gold, only one of those cash for gold companies actually submitted the real value of their gold while the other 2 gold buyers payed approximately one third of the current value.

The two gold buyers that payed out such a small amount were acting as middle men while the third gold buyer that payed the real value did have their own precious metal refinery, so it is consumer beware in this business and I absolutely recommend that you do your research before unloading your broken gold jewelry so that you do not get taken by the cash for gold scam

Rating: 4 out of 5 stars

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Sea Lion Capital Management LLC

Gold is real money, real wealth. It has endured the test of time, like no other currency. Its resiliency goes back thousands of years, and its position as an uncomparable storehouse of wealth should go on for another 5,000.

Currencies all over the world, every single year, go down and down in value, and that’s why every single year prices of goods and services go up. The money in your pocket or in your bank is effectively worth less and less each year. Your money is now buying way less than what it would have bought you 100 years ago, whereas an amount of gold bought a 100 years ago would now buy you way more.

Gold only cost per ounce back in 1970 and now, in 2009, it has hit a record price of 50 per ounce. Gold investors have made huge profits over these past few years – just last year gold could be purchased at 0. That’s a huge 30% increase in just 1 year alone. As for the future, Citigroup, USB and other big investment firms have predicted gold prices to hit over 00 an ounce in the very near future.

You have two main investment opportunities as far as gold is concerned – bars or coins. Gold bars are what most people think of when they think of gold and whilst they are a great investment, the upfront cost for them puts them beyond the reach of most investors. Gold coins on the other hand are valued in the same way, are an equally good investment opportunity, yet are much more accessible and affordable.

So, where is the best place to purchase gold coins? You can buy them from either a local gold coin store or from an online coin store. Whichever you opt for, be sure to only go with a reputable seller, ideally one that has reviews and testimonials that you can actually check up on. You don’t need a great deal of money to start with, and with just a few hundred dollars you can start amassing your future fortune.

One final point, just in case you’re not yet convinced about the prospect of investing in gold – recent reports have shown that a 00 investment, made in 1970, in rare gold coins, would now be valued at nearly ,000.

For more information on the best places to buy gold coins visit http://www.gold-coins.com.au, where you can also see the latest gold price.

http://howtosellyourgold.com

Gold is a safe buy. Not like with gems, where you actually need to be an expert to judge the quality of the stones, buying gold is straight forward if you go to a reputable shop.

Learn how to sell your gold.

The important thing to look for in buying gold individually from the designs is the originality of the gold.  Pure gold is believed too soft for jewelry and is then mixed with other metals. The percentage used in the alloy is dependent on the metal and the way in which it binds with gold. The utmost tensile strength of gold and copper is achieved with 75% gold and 25% copper – 18k gold. With titanium the maximum tensile strength is achieved with 99% gold and 1% titanium. The duration of time and the heat at which the metals are cooked are also significant. For example a 99.3% gold and .7% titanium mixture heated at 500° C for 60 minutes would result in a hardness of 229 HV. With an unusual temperature or time the hardness could be much lesser.

The order among Asian purchasers for gold with a high excellence, which can be simply transformed into money, but with advance mechanical properties such as distortion, resistance to wear and breakage is leading Thai goldsmiths to the usage of titanum. Gold Master and Prima Gold for example mutually use a titanium and gold alloy. Yet this symbolizes a very small part of the market in Thailand.

Normally, Thai goldsmiths holds a design charge of around per baht of gold even if it might be higher depending on the production and design. There is not much possibility for negotiating. You may get the price lower a dollar for each baht you purchase at most-hardly value the effort. It is generally better value to purchase at least 1 baht of gold, as there is a lowest charge for the design feeI.

It is astonishingly good value. It is probably no more than 4% above the spot price of gold. When someone sees at the beautiful quality of the craftsmanship next to complex, centuries old designs it is oftentimes difficult to understand. You feel guilty about purchasing it so economically. If you buy gold jewelry in the West you will offer more like 40% over the spot price.

How to test the purity of the gold
Evaluating the purity of gold is very difficult and engages chipping off a little bit from your jewelry. Yet this does not show the purity of the whole piece, only the bit tested. This is why it is so vital to purchase gold from a trusted supplier . Majority of gold stores utilize a normal fire assay which applies heat to test the purity of the gold.

Selling your gold is easy.  Click the link to learn how.

With gold breaking the $1,000 barrier, silver riding at a ten-year high and precious metals up across the board, the question has to be asked – is it now time to sell platinum?

Between 1992 and 1999 platinum stayed around the 0 per ounce mark but at the turn of the century platinum commenced an inexorable rise because of the demand in the electronics sector – the internet bubble fueld PC and laptop demand. Then the warning bells sounded over economic performance and from the 0 level in January 2001, platinum peaked at almost ,200 in early 2008 and drastically fell back to 0 by the end of the year – Obama was elected and a 0 billion stimulus plan from the US alone was promised as an injection into the economy, primarily the banking sector.

This directly led to the huge drop in platinum prices seen in the opening days of 2009 – such a capital injection from the US taxpayer was almost unprecedented and more than this, taxpayers around the world in developed countries were finding similarly large amounts of taxpayer cash was being pumped into the global financial system to keep the global economy afloat. He initial reaction of metal speculators, particularly those looking at platinum and precious metals as a safe haven in the very harsh economy, suddenly saw some light at the end of the tunnel – demand for platinum dropped and dropped like the proverbial rock.

Since this platinum crash, the spot price has steadily recovered to where it is now (September 2009) trading at around the $1,250 mark – a far cry from the dizzying heights of $2,200 but nevertheless a remarkable recovery from the low of $800.

The burning issue is whether the price is going to recover further – and that really depends on your view as to whether the economy is going to turn the corner and recovery commences or not. More particularly, it is going to depend on stock and bond market performance – if they demonstrate recovery, the professional investor is going to drop their precious metal holdings and liquidate to invest in those markets in order to take advantage of market recovery. A close eye needs to be kept on earnings and profit performances and especially whether they are coming at the level of, or better than analyst expectations.

A good guide is the hedge fund market – where many have laid the blame for the current economic malaise. For the year to date, the KDY-index has returned in excess of 17% from the basket of hedge funds it tracks – that’s good news for those looking for super-bonuses and for those looking for recovery.

Those looking for future platinum value increases should realize that the time to sell is now – for more proof look at how the value of platinum has hit a plateau and is rebounding off the 00 price ceiling.

Platinum is not going higher – sell.

Learning about the history of the gold price will stand you in good stead if you decide to buy gold bullion. The past gold prices can tell you a lot about why the present gold price is what it is.

This will allow you to see the trends, see the rise and falls and when and why they occurred and basically get a better idea for the future and know when the best prices for gold can be expected.

The past will help you when it comes to trading in the present, so do not neglect gold bullion’s history.

Look on the internet or in books for information on the past decade of gold prices as this will be a major benefit as well as telling you all the laws that govern the trade. If you are going to make gold bullion investment a major part of your life, this is essential.

You will find out some really interesting things when you begin learning about the gold price history, and you will see what a huge impact it has on the way that you trade gold in the future. You are going to better understand how the whole market works and about what sort of things you should be looking for, what you can notice that is going to tell you that there will be a change in value of gold.

You can learn so much more if you really look into gold trading and investment. Look on the internet, read book and talk to industry insiders whenever and however you can. You can never know too much when it comes to gold trading.

Gold trading can be very prosperous, as long as you do it right. However you will only ever earn money if you take the time to learn about the trade.

A lot of people have been lured into the great opportunities offered through investing. But these offers require firsthand experience and surefire strategies in order to become successful since the investment opportunities being offered are mostly foreign exchange and stock. Almost all investors are now facing the dilemmas that the economy is currently experiencing. The currency’s value is declining and investing gets harder and harder. But then, the value of gold has actually had a steady rise since its fall back in the nineties and investors have found an opportunity. Despite the current economy’s irregular rise and fall, Investing in gold will help you survive these tough economic times. Looking into invest in gold could be the best solution for your financial security.

The decline of the market has made people realize the opportunities when it comes to investing in gold. The decline of the market means a higher demand for more solid investments like gold and jewelry which will eventually earn value in the long run and which is actually a form of protection against the currency’s decrease in value. And if ever currency value starts to increase again in the future, gold will still then earn more value because of a lower interest rate.

Nowadays, it is actually a lot easier to invest in gold. From gold bars to ETFs and sovereigns, there are more than ten available ways to invest in gold and all of them offer a variety of options that an investor could choose from. A wide variety of options are also offered with each investing option, security is offered in each investment type since it is important especially if the materials are rare. There are also alternative options that can help increase the value of gold overtime.

The price of gold is actually cheaper compared to stock. Gold value is also a lot stable and will still do well during major international conflicts and it will more likely achieve a higher value since the governments will then start to lower interest rates and print more money in order to gain finance the wars.

Professional investors and market analysts have been closely scrutinizing the gold market and all of them are convinced of its efficiency when it comes to steadily increasing its value and protecting its investors from losing money. Technical analysts have been describing the strength of investor sentiment when they invest in gold which aids its price to steadily increase and protect it from losing value through a maximized support from the investors.

Despite the economic situation of today, gold prices are predicted to achieve gains in terms of value. The demand for gold is now high especially nowadays where there is an annual limit when it comes to gold sales. An alternative way of making investments with only less risks involved and a secure way of investing is offered through a variety of opportunities and options now made available when investing in metals like gold.

The price of gold has touched $1,000 an ounce for the first time in six months. The move could be seen as a sign that investors believe the worst of the global recession is over. Or it might be that investors are using gold as a safety net against depression.

Gold is seen as an attractive investment in times of inflation, its value has risen 13.6% in the past year. Looking at this; there are two differing conclusions that could be drawn. It could be a sign that the recovery is over and things are getting back to normal.

If you see the glass as half full, buying gold bullion coins now will be cheaper than when their value rises too high. You will be able to sell at a higher price. On the other hand, if you own any gold bullion coins now would be a good time to sell.

On the other hand you might see high gold prices as a sign that we are still in the grip of the recession as gold is used to protect wealth. Whilst the price of gold has been increasing, the value of the US dollar has been declining, which does tend to point to continued recession, not recovery.

The rising price of gold is due to uncertainty all the way from personal investors right through to institutions. Governments are increasing their gold reserves to protect their economic standing in the world.

How interest rates are going to change is one of the questions financers are asking. This has led to stock piling and hoarding of gold.

In March 2008 gold reached an all time record high of $1032.The value of gold reached a record high of $1032 in march 2008. Now is the first time gold has reached $1000 an ounce since March this year.

Gold is sold in troy ounces. One ounce is equal to 31.1035 grams or 480 grains. One troy ounce is equal to 1.09711 avoirdupois ounce which are widely used to measure weights in the US and UK.

So you want to go ahead and buy gold bullion coin, well there are definitely a few rules that you are going to need to follow here, to make sure that you get things done right. Just like any business there are the less honest dealers who scam and con innocent traders to make a quick dollar, so be smart about who you trade with. Use common sense when you go to buy gold coin from any dealer, no matter how reputable they may be.

First things first, familiarise yourself with the variety of gold bullion products out there from coins to bars. This research will allow you to learn more about the products you will be dealing with as well as the opportunity to meet and talk to other traders and dealers.

You can call into a trading desk to get more information and get answers to any questions that you have. Dealers who do not offer any help and advice to new dealers when they are approached are not the kind of dealers you want to trade with, as they are all about the competition and do not look at the market as a whole, just for themselves.

Any decent, reputable gold trading company is going to be more than happy to help you out with whatever you may need and make sure that you are taken care of.

When you find gold that you want to buy, make sure you lock in your bid to avoid someone undercutting you on the price. There are auctions at some gold dealers and through others you just get a straight buy. Make sure that you are aware of all the details, and most importantly how you are going to pay and where your gold is going to end up. For easy trading, you can even purchase gold bullion over the internet and have it delivered to you or collect it from a regional office, making trading in gold so much easier. So just do it, trade in gold bullion.

Austria has a long tradition of minting and dealing in gold bullion coins which makes it an ideal country in which to trade. The coins are accepted as legal tender in Austria and their value is based on their face value making trading easy. If you want to indulge in gold bullion trading in Austrian gold then you have to find out more about one of their most popular gold bullion coins called the .9999 Vienna Philharmonic coins that is available as one, half, quarter, and one tenth of an ounce denominations. It is easy to trade in gold coins in Austria.

Trading in the .9999 and other gold bullion coins minted in Austria is easy, just go into an Austrian bank and buy as many as you want or can afford. There is much to be said in favour of doing gold bullion trading in Austria especially as you can store your bullion in safe places in the most secure facilities in that country.

You can store your gold in a facility like the Das Safe, which is equipped with all the technology and manpower needed to store high amounts of gold. This storage facility is one of the oldest in Austria and is virtually synonymous with safety of storage of gold, having more than a thousand safe deposit boxes in its premises.

There is an annual fee of between 500 Euros and 3500 Euros depending on how much gold you will be storing and its value. In fact, you can stash away as many as four thousand plus Philharmonic coins that can then be used further for gold bullion trading.

A famous Austrian bar is the Pamp Suisse which is a good idea if you are looking to invest in Gold Bullion Bars. Bars are less commonly traded in Austria but their value is no less because of this.

Gold bullion coins and bars both offer great investment opportunities so you are sure to be happy that you decided to trade in the Austrian gold market.