It is fall 2008; our economy is shrinking; our personal and business
assets are losing market value across the board; the banking system is
going catatonic; and commodities like gold and silver are bouncing
around like my truck on a road full of potholes. Earlier in the year the
US dollar was declining in value against virtually every other currency
and all commodities. While this fall the dollar has strengthened
relative to foreign currencies because the problems in our economy are
also global problems that are affecting the economies of all
industrialized countries. Along with the worldwide banking collapse and
strangulation of our economies by high energy prices, we are entering
into a significant global recession. Price speculators have been very
active all year long in all of the commodity markets, such that prices
on all raw materials, including gold and silver, shot up dramatically in
the first six months of 2008, while in the past few months speculation
is now driving most commodity prices way down. Since gold and silver
have been de-monetized for a long time their values only rise and fall
with industrial demand, because social demand for them as safe-haven
money is still very limited. If our economy goes into a deep recession,
the uncertainty of job security, retirement security, and the near
certainty of rising inflation, caused by government deficits and Federal
Reserve intervention into shoring up failing banks and other private
businesses, will cause more people, as well as many businesses, to
exchange dollars for gold and silver. Right now there is a preference
for gold rather than silver as a security hedge; but for the individual,
gold is the wrong metal to own.
Consider
that with more than six billion people on earth there simply is not
enough gold and silver available to have these precious metals fulfill
the role of money for everyone. It is estimated that about 4.4 billion
ounces of gold have been mined in historical times and at least 4
billion ounces are still with us as pure bullion, or easily recovered
and smelted into pure bullion; this amounts to only two-thirds ounce per
person. It is also estimated that about 44 billion ounces of silver
have been mined in historical times and about 20 billion ounces of this
silver has been consumed in the past and disposed in ways that are not
profitable to recover. Approximately 24 billion ounces of silver could
be recovered and converted to coins or bullion; this amounts to about
four ounces per person. Central banks and governments hold about 800
million ounces of gold and negligible amounts of silver, leaving just
over 3 billion ounces of gold and 24 billion ounces of silver in the
hands if businesses and individuals; or an approximate ratio of 8 to 1.
If
our paper currency fails, causing people to barter with gold and silver
for their daily needs and wages, then gold can at most command a value
of eight times that of silver. Since the current ratio of value is $750
to $10, or 75 to 1(in the fall of 2008), gold is nearly 10 times higher
that it should be relative to silver. This means that silver will
appreciate many times over when gold and silver become barter money
again. It is less than 50 years since silver was taken out of our US
coinage; yet prior to 1964 silver has been in coins going back over 1000
years. While gold has not been barter money since 1934 in the United
States, its history as coined money goes back more that 2000 years.
It
makes no sense to ask whether gold will go to $10,000 per ounce or $10
per ounce, because it is the US dollar that is changing value. Gold and
silver change their value very little with respect to goods and services
for which they may be bartered. One hundred and two hundred years ago
an ounce of gold would buy a good suit of clothes and an ounce of silver
would buy a good meal at a restaurant, and so they will today. Over the
years these metals have not strayed very far from this valuation except
under severe economic tensions, at which time they typically rise in
value rapidly.
Even though gold and silver are in relative short
supply and little used as money, the U.S. paper dollar is the wrong
barometer of economic stability. Assets and commodities should not be
valued in terms of US dollars, but in terms of fixed quantity
commodities like gold and silver. The unstable item (dollar) fluctuates
in terms of the stable (gold), not vice versa. Reporting it backwards
does not make it valid. Worldwide currencies should be exchanged by
valuing them to gold and silver, not to the U.S. dollar, or any other
currency for that matter.
In the past there have been many
government attempts to peg a monetary ratio between gold and silver. It
has been ten-to-one, twenty-to-one and even thirty-four-to-one during
the depression. Teddy Roosevelt ran for President promising to fix the
ratio at sixteen ounces of silver to one ounce of gold. These ratios not
only show a historical variance, they also are all showing ratios of
silver to gold that are greater than the real amounts of these metals
mined and refined. The reason that these metals are not valued in direct
relationship with the amounts mined is principally the hoarding of gold
by governments, central banks, international banks, and some
international corporations. This hoarding of gold is the same as it
having never been mined, as far as the markets are concerned. This
hoarding of gold tends to skew the ratio of gold available to consumers
and investors as compared to the silver available. And it is a valid
factor in arriving at a proper price for gold with respect to silver,
provided that this hoarded gold remains unavailable for investment or
payment in trade. If this hoarded gold came back into the markets as a
monetary unit it would un-skew a gold-silver relationship that goes back
to the late 1800's. However, if governments decide by law to remove
even more gold from private ownership to government ownership, they will
do so at their price, similar to the US government action in 1934; and
whatever is left in private hands will be too small of a quantity to
serve as money. In either case silver would increase in value as
compared to gold.
I am not asserting that gold and silver are
improperly valued today. But I am asserting that investors who own gold
to protect themselves from the calamity of a failed economy and
inflating paper currency are investing in the wrong metal, by a factor
of at least eight. Our current industrial and jewelry use of these
metals would have no relationship to the value they would become as
barter-money in a failing US economy. So one cannot compare these metals
today and make an investment in holding either of them, based on their
current uses and values in our social economy. When gold and silver are
re-monetized to act as money in our economies it will not be by
government decree, but by the actions of citizens acting to create
opportunity and build a new economy.
If a well-to-do person were
going to set aside food and other necessities for future consumption in
case of economic depression, should they be advised to purchase
champagne, caviar, and frozen pastries (gold); or should they perhaps
purchase apple juice, sardines, and crackers (silver)? Quantity is more
important than show when one is trying to survive. People who invest in
gold as insurance against economic depression are not acting in their
own best interest; they are simply following their investment
counselor's bad advice.
If investors and their counselors really
understood gold and silver they would never purchase or recommend the
purchase of gold at its current inflated price. If silver is mined at
ten ounces for each ounce of gold and is priced correctly at $10.00 per
ounce then gold should only be $100.00 per ounce, when we consider their
monetary barter value. But if gold is priced correctly at $750.00 per
ounce then silver should be $75.00 per ounce. Whichever way the market
moves in a panic, silver will appreciate by a larger factor in
relationship to gold. Actually, both metals would appreciate with
respect to the US dollar, but silver would outpace gold in percentage
growth at the point where producers and consumers started preferring
gold and silver in exchange for goods and services. Giving investment in
silver today considerable value over investment in gold, because of
this growth potential.
Besides the ratio of gold to silver issue
there is another important aspect of gold usage in tough economic times
that must be considered; and that is the usage of gold to purchase food,
toiletries, medicines, clothes; etc. If we were to do the Zimbabwe
thing and have the US dollar inflating 100 % per week while very few
goods are available to purchase; anyone going to a store with a shiny
1-oz gold coin would find that their purchases may only use up 10 to 20
percent of the value of their gold coin and that the store cashier would
not give them change in gold or silver (even if the store had gold and
silver to make change); the cashier would give them change in paper
dollars that would rapidly inflate to nothing if they could not be
quickly spent.
This problem would not occur with silver to any
great extent because silver is still available from 100 oz bars down to 1
oz coins, and also available as old US coins, right down to silver
dimes, permitting shoppers to pay with exact change for the goods they
require. In the late 1970's an elderly Dutch gentleman told me how he
experienced this very problem when he was sent to Germany in the early
1920's to go to university. The gold coins he received from home, for
living expenses, was greatly sought by the shopkeepers, but they had
little to sell and he always received change in German Marks (paper)
that lost more than half their value in a week. He seldom got full value
for his money, because of daily inflation. The same situation could
occur here; it certainly has hit many nations in the last few decades,
and for some it lasted many years. Silver is by far a superior
investment to gold when it is being held as insurance against
inflationary times and economic panics.
The companies that mine
gold and silver for our industrial and personal consumption should be
aware of the potential re-monitization of these metals by consumers and
retailers; and what this could mean for their businesses in tough
economic times. Recovery from a bout of depression caused by
hyperinflation will depend a great deal on having a good supply of gold
and silver and a vibrant mining industry to supply the money necessary
to grow and expand a new economy and support international trade.
Monday, October 22, 2012
How to Invest in Gold Bars
While bullion dealers the world over provide services to
investors wanting to put their money in gold bars, some major banks in
Switzerland, Austria, Liechtenstein and Argentina buy and sell them over
the counter.
Many sized bars are available and are measured in troy ounce, tola or tael depending on the country it is bought from and they can be either personally held or with bank in a safe deposit box.
It is a big hassle moving around with the bars or storing and transporting them which has made the gold account a preferred system of holding for small and medium investors.
Gold accounts offered mostly by Swiss banks help investors buy and sell gold or gold bars easily like foreign currency.
While Gold Money account has been in operation since 2001 providing digital gold currency, there are also Digital Gild currency and the Bullion Vault, both similar in operation. All these gold accounts have different set of rules for their clients and their gold investment through a trust or Bailment.
Entrusting the physical property with another party for its safekeeping which in this case is gold bars, the action is bound by law and services for the safekeeping are paid for.
Novelty one gram plastic coated gold bars costing twice the gold bullion content value are mainly aimed for the gift market. And of course, one can invest in gold bars of any size.
Good Delivery gold bars of graded specifications kept by central banks are around 400 ounce and professional dealers of bullion trade in them round the clock. Spot gold prices published online or in print are arrived at from the dealings in 400 ounce bars and Comex gold of 100 ounce, approved by the market, in New York.
Most traded gold bars among the nearly 30 types being bought and sold are the Good Delivery gold bars sold round the clock by dealers in London. Around 150,000 of the 400 ounce gold bars--manufactured by fifty five approved and monitored-by-London-gold refineries--made each year were valued in 2007 year end at $48 billion.
Bars come cheaper than coins of the same gold content and by buying gold bars you can avoid VAT or sales tax levied only on coins. Quality of gold bars with high quality comes cheaper.
Defined as investment gold, 100 and 400 ounce Good Delivery gold bars attract lower levels of tax as they are clubbed under retirement plans in many countries. Gold bars like the kilo bar or mass produced one ounce bars manufactured by gold refineries regularly are very cost effective for investment purposes.
Smaller gold bars can be kept in safe deposit boxes of banks or even stored in homes but they have drawbacks like higher prices and delivery costs. But there are specialist gold bar storage programs like gold pool accounts and gold certificate schemes that take away physical possession problems although their storage fees amount to 1.5% yearly.
Good delivery gold bars guarantees maximum resale value.
Bullion vaults offer gold bars of even one gram, help store them in gold bar facilities while keeping their values intact.
Many sized bars are available and are measured in troy ounce, tola or tael depending on the country it is bought from and they can be either personally held or with bank in a safe deposit box.
It is a big hassle moving around with the bars or storing and transporting them which has made the gold account a preferred system of holding for small and medium investors.
Gold accounts offered mostly by Swiss banks help investors buy and sell gold or gold bars easily like foreign currency.
While Gold Money account has been in operation since 2001 providing digital gold currency, there are also Digital Gild currency and the Bullion Vault, both similar in operation. All these gold accounts have different set of rules for their clients and their gold investment through a trust or Bailment.
Entrusting the physical property with another party for its safekeeping which in this case is gold bars, the action is bound by law and services for the safekeeping are paid for.
Novelty one gram plastic coated gold bars costing twice the gold bullion content value are mainly aimed for the gift market. And of course, one can invest in gold bars of any size.
Good Delivery gold bars of graded specifications kept by central banks are around 400 ounce and professional dealers of bullion trade in them round the clock. Spot gold prices published online or in print are arrived at from the dealings in 400 ounce bars and Comex gold of 100 ounce, approved by the market, in New York.
Most traded gold bars among the nearly 30 types being bought and sold are the Good Delivery gold bars sold round the clock by dealers in London. Around 150,000 of the 400 ounce gold bars--manufactured by fifty five approved and monitored-by-London-gold refineries--made each year were valued in 2007 year end at $48 billion.
Bars come cheaper than coins of the same gold content and by buying gold bars you can avoid VAT or sales tax levied only on coins. Quality of gold bars with high quality comes cheaper.
Defined as investment gold, 100 and 400 ounce Good Delivery gold bars attract lower levels of tax as they are clubbed under retirement plans in many countries. Gold bars like the kilo bar or mass produced one ounce bars manufactured by gold refineries regularly are very cost effective for investment purposes.
Smaller gold bars can be kept in safe deposit boxes of banks or even stored in homes but they have drawbacks like higher prices and delivery costs. But there are specialist gold bar storage programs like gold pool accounts and gold certificate schemes that take away physical possession problems although their storage fees amount to 1.5% yearly.
Good delivery gold bars guarantees maximum resale value.
Bullion vaults offer gold bars of even one gram, help store them in gold bar facilities while keeping their values intact.
Twelve Reasons to Invest in Gold Today
One of the oldest forms of money is the gold coin, its use can be
traced as far back as 560BC when the Lydian King Croesus. The Chinese
then used them in the 5th or 6th Century BC. Gold coins were the main
form of currency through to the early 20th Century. By 1933 most of the
world had stopped making gold coins and using them as currency.
Today gold coins are primarily collected by investors to hedge against inflation. In 1967 South Africa introduced the Kruger rand to cater for small investors; hence the reason that they manufactured Krugerrands in 1oz, 1/2oz, 1/4oz, 1/10 and 1/20 oz
The main gold coins in circulation today in order of their popularity are the Krugerrand, American Gold Eagle, Canadian Gold Maple Leaf, British Britannia or Sovereign, Chinese Panda, Gold Dinar, Russian Chervonets and the Swiss Vreneli.
Twelve Reasons to invest in Gold today!
1. During the last run on gold in the 70's and 80's the price of gold increased by 20 times.
2. There is a fall in gold production worldwide that is adding to its scarcity.
3. India and China have a veracious appetite for gold and as their economy powers forward they will drive up the gold price through demand and the limited supply globally.
4. There have been no new discoveries of gold deposits recently and it can take up to ten years to bring a new mine to full production.
5. When ever the world is on the verge of a recession people turn to gold as it is provides security.
6. It does not deteriorate and will last forever.
7. It is sought after for jewellery and electronic manufacture.
8. Governments can print paper money quickly, but they cannot just produce gold.
9. No other investment has the wealth preserving power of gold.
10. The Gold price will continue to be pushed by the current American debt and trade crisis.
11. Gold is an inflation-proof investment.
12. Gold is the only truly international currency.
Gold is Recession Proof
Back in June this year, I followed my own advice and purchased five one once Kruger at £470 per coin costing £2,350. The price of gold was at $870 per ounce when I bought my coins and since then the gold price has dropped down to $771, but the selling price has risen. Today a one ounce Krugerrand is selling at £629 for a 1ounce Krugerrand. My five coins today are worth £3,145 if I sold them today. I would have to pay a selling fee of 7% which would leave me with £574.85 profit or a 24.46% profit in 5 months.
That is a extraordinary return in the current economic conditions if I was to sell my coins today. I believe that gold coins will rise further. It just shows that there is money to be made during a recession. I spoke with a gold bullion firm earlier today and they only had 2 Krugerrand coins for sale. They said that people were turning to real gold rather than paper gold in this recession as they felt better holding real gold rather than a share certificate for gold.
How to buy and sell gold coins?
When you buy Gold through a Gold Bullion you pay the gold price according to the rate at that time and when you decide to sell it through the Gold Bullion they will offer you 7% to 9% less than the going gold rate.
You can now buy and sell gold coins on eBay; but, it is a case of Caveat emptor which is Latin for "Let the buyer beware" so please BEWARE!
You need to be careful and check the eBay seller out, look at their Feedback and check out the comments left by previous buyers. Do not buy from a seller with less than 30 feedbacks. Have a look at what other seller thought of dealing with them and if you are not happy with the seller then move on to the next seller, there are many more. Also check out their postage and packaging costs.
If you decide to buy from eBay be sure to check out the gold price that day and don't pay any more than you would have paid at a bullion dealer including their postage and packaging costs. Goto: Kitco.com for the daily gold price and to download a gold price widget for your computer.
I have one of their gold price widgets on my taskbar at the bottom of my screen and it updates all day; this gives me up to the minute gold prices. Then I have a look on eBay and see which gold coins are either on the money or below and don't forget to check out the post and packaging costs for the seller.
When ever I am selling gold I always sell on eBay as I generally always get the market price or a higher premium when two buyers go head to head on my auction and then I do better than the market price. Don't you just love eBay!
My best formula is to buy from the bullion Dealer when the gold price drops and then to sell on eBay. I hear you ask why buy from a Bullion dealer and sell on eBay, well I know that if I buy from the Bullion Dealer the gold coin is genuine and when I sell on eBay I get a better price then if I sold it to a Bullion Dealer, who would offer me 7% to 9% less than the market price.
Today gold coins are primarily collected by investors to hedge against inflation. In 1967 South Africa introduced the Kruger rand to cater for small investors; hence the reason that they manufactured Krugerrands in 1oz, 1/2oz, 1/4oz, 1/10 and 1/20 oz
The main gold coins in circulation today in order of their popularity are the Krugerrand, American Gold Eagle, Canadian Gold Maple Leaf, British Britannia or Sovereign, Chinese Panda, Gold Dinar, Russian Chervonets and the Swiss Vreneli.
Twelve Reasons to invest in Gold today!
1. During the last run on gold in the 70's and 80's the price of gold increased by 20 times.
2. There is a fall in gold production worldwide that is adding to its scarcity.
3. India and China have a veracious appetite for gold and as their economy powers forward they will drive up the gold price through demand and the limited supply globally.
4. There have been no new discoveries of gold deposits recently and it can take up to ten years to bring a new mine to full production.
5. When ever the world is on the verge of a recession people turn to gold as it is provides security.
6. It does not deteriorate and will last forever.
7. It is sought after for jewellery and electronic manufacture.
8. Governments can print paper money quickly, but they cannot just produce gold.
9. No other investment has the wealth preserving power of gold.
10. The Gold price will continue to be pushed by the current American debt and trade crisis.
11. Gold is an inflation-proof investment.
12. Gold is the only truly international currency.
Gold is Recession Proof
Back in June this year, I followed my own advice and purchased five one once Kruger at £470 per coin costing £2,350. The price of gold was at $870 per ounce when I bought my coins and since then the gold price has dropped down to $771, but the selling price has risen. Today a one ounce Krugerrand is selling at £629 for a 1ounce Krugerrand. My five coins today are worth £3,145 if I sold them today. I would have to pay a selling fee of 7% which would leave me with £574.85 profit or a 24.46% profit in 5 months.
That is a extraordinary return in the current economic conditions if I was to sell my coins today. I believe that gold coins will rise further. It just shows that there is money to be made during a recession. I spoke with a gold bullion firm earlier today and they only had 2 Krugerrand coins for sale. They said that people were turning to real gold rather than paper gold in this recession as they felt better holding real gold rather than a share certificate for gold.
How to buy and sell gold coins?
When you buy Gold through a Gold Bullion you pay the gold price according to the rate at that time and when you decide to sell it through the Gold Bullion they will offer you 7% to 9% less than the going gold rate.
You can now buy and sell gold coins on eBay; but, it is a case of Caveat emptor which is Latin for "Let the buyer beware" so please BEWARE!
You need to be careful and check the eBay seller out, look at their Feedback and check out the comments left by previous buyers. Do not buy from a seller with less than 30 feedbacks. Have a look at what other seller thought of dealing with them and if you are not happy with the seller then move on to the next seller, there are many more. Also check out their postage and packaging costs.
If you decide to buy from eBay be sure to check out the gold price that day and don't pay any more than you would have paid at a bullion dealer including their postage and packaging costs. Goto: Kitco.com for the daily gold price and to download a gold price widget for your computer.
I have one of their gold price widgets on my taskbar at the bottom of my screen and it updates all day; this gives me up to the minute gold prices. Then I have a look on eBay and see which gold coins are either on the money or below and don't forget to check out the post and packaging costs for the seller.
When ever I am selling gold I always sell on eBay as I generally always get the market price or a higher premium when two buyers go head to head on my auction and then I do better than the market price. Don't you just love eBay!
My best formula is to buy from the bullion Dealer when the gold price drops and then to sell on eBay. I hear you ask why buy from a Bullion dealer and sell on eBay, well I know that if I buy from the Bullion Dealer the gold coin is genuine and when I sell on eBay I get a better price then if I sold it to a Bullion Dealer, who would offer me 7% to 9% less than the market price.
Sunday, October 21, 2012
The Source of Gold - Its Ores and Minerals
With the high market prices of gold and silver in recent months, a
number of people are wondering about where these metals come from. Gold
and silver metals are obtained from a variety of different types of
rock ores. Most people think of gold nuggets and such as the source of
gold, but the truth is that very little of the new gold produced comes
from nuggets - nearly all newly mined gold comes from ores mined from
the natural hard rocks that contain gold in tiny, even microscopic
particles. This article is created to describe what these ores are like.
Gold is found widely diffused in nature even though it is one of the
scarcer metals in the earth's crust. Very commonly, gold occurs as the
native metal encased within a mineral known as quartz. Sometimes the
gold is in a finely divided state, sometimes in particles of
considerable size, as nuggets, grains, scales, plates, threads and wires
in quartz rock. It occurs also in a finely divided state disseminated
through schistose rocks, slates and some sedimentary rocks like
limestone. In these cases the rock has been altered by the flow of
heated and mineralized waters, often resulting in the impregnation of
large amounts of rock with silica, iron and a certain amount of gold.
Sometimes the silicified rock even replaces much if not all of the
original country rock. While historically speaking vein deposits were
the most productive, these disseminated deposits currently yield much of
the worlds gold ore.
Within gold ores, the element itself occurs in nature chiefly in the form of native gold, which is by far the most common gold bearing mineral. In various gold ores, the native gold commonly occurs as tiny particles contained within sulfide minerals such as pyrite. Iron pyrite is an exceedingly common mineral associated with gold, but it also serves as a reducing agent. Therefore whenever gold is found encased in pyrite, it is always present as free gold and not as some type of gold sulphide. Gold is also found at times in chalcopyrite, galena and arsenopyrite and stibnite, but not as a rule in such large amounts as may be found in pyrite. Other minerals, like sphalerite, pyrrhotite, magnetite and hematite sometimes carry small amounts of gold as well. Gold also occurs as tellurides such as calaverite. Common gangue minerals in gold ores include quartz, fluorite, calcite and pyrite, but many others can be found in smaller amounts.
Gold Ore Minerals:
The most prominent is native gold - most of the native gold contains a small amount of silver, copper, platinum, etc. Telluride minerals are the most common minerals which contain significant gold in their make up. They include: Petzite (Ag,Au) 2,Te, with a gold content of about 25 per cent. Hessite (Ag2Te), with gold often present replacing a part of the silver. Sylvanite (Au,Ag)Te2 : typically about 25 per cent. gold. Calaverite (Au,Ag)Te2 : typically about 40 per cent, gold. Krennerite (Ag2Te,Au2Te3) : gold is about 35 percent. Nagyagite (Au2,Pbi4,Sb3,Te7,S7). Some samples of Nagyagite have given upon analysis 12.75 per cent gold. The gold containing sulphides, as well as the tellurides, are of primary formation, although auriferous chalcopyrite might also be formed by secondary enrichment processes. Native gold may occur in the primary, secondary enrichment, or oxidized zones. The tellurides, which are usually associated with pyrite, are widely distributed, though not so abundant, but not always recognized; indeed by some miners they are mistaken for sulphides.
General Types of Gold Ores:
Gold deposits are often classified according to their association. The first of these may be catalogued as quartzose. This implies that the gangue mineral is acid, that is, quartz, and that fluorite may abound, or even the other gangue minerals of the alkaline earth group. Not infrequently there appears within the quartz varying amounts of pyrite and even limited quantities of chalcopyrite and galena. These are free milling ores. By a free milling ore, it is meant one that the rock does not require roasting before the gold can be recovered from it. Dry ore is the term often used for this category. The second class of gold ores is auriferous copper ores. These are widely distributed throughout the United States and much of the chalcopyrite is gold bearing. These auriferous copper ores are especially abundant in Colorado, Utah, Montana and British Columbia. They are also present at Gold Hill, North Carolina and in Canada at Newfoundland. The third class of gold ore is auriferous lead ores. The percentage of lead in these rocks is large and the gold content is often small. They are refractory ores like the copper ores. By refractory ore is meant one that requires roasting before extraction processing. The heavy sulphides as copper, lead and antimony require this method of treatment, that is the condition of the gold in the mineral will not allow of its immediate capture with most recovery systems. The fourth class of gold ores comprises the gold-telluride group. The gold telluride ores occur with silver, or with silver, lead and antimony, or as native gold accompanied by other tellurides. These ores are often sent direct to the smelters for treatment. A fifth type is the disseminated ore type. They are often low in grade but large. They fill large fracture and fault zones or replace certain geologic horizons. They are the result of the circulation of large amounts of heated water deep underground.
Within gold ores, the element itself occurs in nature chiefly in the form of native gold, which is by far the most common gold bearing mineral. In various gold ores, the native gold commonly occurs as tiny particles contained within sulfide minerals such as pyrite. Iron pyrite is an exceedingly common mineral associated with gold, but it also serves as a reducing agent. Therefore whenever gold is found encased in pyrite, it is always present as free gold and not as some type of gold sulphide. Gold is also found at times in chalcopyrite, galena and arsenopyrite and stibnite, but not as a rule in such large amounts as may be found in pyrite. Other minerals, like sphalerite, pyrrhotite, magnetite and hematite sometimes carry small amounts of gold as well. Gold also occurs as tellurides such as calaverite. Common gangue minerals in gold ores include quartz, fluorite, calcite and pyrite, but many others can be found in smaller amounts.
Gold Ore Minerals:
The most prominent is native gold - most of the native gold contains a small amount of silver, copper, platinum, etc. Telluride minerals are the most common minerals which contain significant gold in their make up. They include: Petzite (Ag,Au) 2,Te, with a gold content of about 25 per cent. Hessite (Ag2Te), with gold often present replacing a part of the silver. Sylvanite (Au,Ag)Te2 : typically about 25 per cent. gold. Calaverite (Au,Ag)Te2 : typically about 40 per cent, gold. Krennerite (Ag2Te,Au2Te3) : gold is about 35 percent. Nagyagite (Au2,Pbi4,Sb3,Te7,S7). Some samples of Nagyagite have given upon analysis 12.75 per cent gold. The gold containing sulphides, as well as the tellurides, are of primary formation, although auriferous chalcopyrite might also be formed by secondary enrichment processes. Native gold may occur in the primary, secondary enrichment, or oxidized zones. The tellurides, which are usually associated with pyrite, are widely distributed, though not so abundant, but not always recognized; indeed by some miners they are mistaken for sulphides.
General Types of Gold Ores:
Gold deposits are often classified according to their association. The first of these may be catalogued as quartzose. This implies that the gangue mineral is acid, that is, quartz, and that fluorite may abound, or even the other gangue minerals of the alkaline earth group. Not infrequently there appears within the quartz varying amounts of pyrite and even limited quantities of chalcopyrite and galena. These are free milling ores. By a free milling ore, it is meant one that the rock does not require roasting before the gold can be recovered from it. Dry ore is the term often used for this category. The second class of gold ores is auriferous copper ores. These are widely distributed throughout the United States and much of the chalcopyrite is gold bearing. These auriferous copper ores are especially abundant in Colorado, Utah, Montana and British Columbia. They are also present at Gold Hill, North Carolina and in Canada at Newfoundland. The third class of gold ore is auriferous lead ores. The percentage of lead in these rocks is large and the gold content is often small. They are refractory ores like the copper ores. By refractory ore is meant one that requires roasting before extraction processing. The heavy sulphides as copper, lead and antimony require this method of treatment, that is the condition of the gold in the mineral will not allow of its immediate capture with most recovery systems. The fourth class of gold ores comprises the gold-telluride group. The gold telluride ores occur with silver, or with silver, lead and antimony, or as native gold accompanied by other tellurides. These ores are often sent direct to the smelters for treatment. A fifth type is the disseminated ore type. They are often low in grade but large. They fill large fracture and fault zones or replace certain geologic horizons. They are the result of the circulation of large amounts of heated water deep underground.
The Disconnect Between Raging Gold Demand and Yawning Gold Prices
Something's off.
Something doesn't make sense. On the one hand, you have rampaging gold demand, manic gold buying, an interest in the investment so intense that shortages of the precious metal are now actually commonplace around the globe.
On the other hand, what's the price of gold doing? Not much. Not much at all. Mediocre is what comes to mind. Gold seems inexplicably mired in a dull trading range while fireworks are going off in the rest of the financial world.
There's a disconnect going on some place.
Isn't the old law of supply and demand still in effect? Isn't it still true that when people want more of something, its supply decreases and its price heads north?
Or did the law get revoked, and we just never got the memo?
ARMAGEDDON ON WALL STREET, A YAWNER ON GOLD STREET
You certainly don't need a refresher course on what's been happening on Wall Street, how stocks keep losing trillions in value and how the government keeps overstepping its already overstepped boundaries.
That memory will probably be forever branded on your poor brain.
What has gotten considerably less publicity, though, has been the subsequent panic buying of precious metals by average, everyday people around the globe, from Europe to Asia to America.
According to a story in London's Evening Standard, German gold dealers have been halting the sale of gold coins. "German gold dealers say demand has skyrocketed this past week to 10 times normal so no more orders can be taken for the foreseeable future."
In no way is Germany alone. Gold dealers everywhere echo those same complaints. According to http://www.ameinfo.com, "We have a similar rush in the souks of Dubai. Gold coins are selling at the highest premiums to spot gold price in 30 years, and (gold) stocks are running out."
Toni Straka of SeekingAlpha.com, reported that Muenze Osterreich, producer of gold and silver Philharmonics, has had to add a third work shift to make more coins, such has been the unprecedented demand.
What's more, for the first time since introducing gold Eagles twenty years ago, the Mint has been stopping the sale of these popular coins. Its plan is to re-commence a more reliable supply, but only on a rationing basis to dealers.
So widespread are the shortages, according to Paul Joseph Watson, that buyers are turning to Ebay. "Since buyers are finding it near impossible to get gold bullion from recognized dealers, many are turning to eBay where auctions for one ounce Krugerrands and Maple Leafs are fetching anything up to 150 ($260) over spot price."
Gold demand is absolutely boiling.
Gold's price is absolutely yawning.
What's going on here?
THE GAS TANK IS FULL BUT THE GAUGE SAYS IT EMPTY
Many experts believe gold should now have reached $1,100 an ounce by now instead of loitering in the mid-$800s/$900s range. And even that may be a conservative estimate, given the devastation to the economy.
Why the disconnect? The Market Oracle's Alex Wallenwein, believes he knows:
"Why is gold dropping right now when anyone in their sane mind would expect it to rise? The simple answer to this question is, 'because Comex-gold isn't gold' - and because it deceptively pretends to be 'the' price-setter for real gold.
"Gold is gold, paper is paper, and 'Comex gold' is nothing but paper masquerading as gold while simultaneously pretending to be the price-setting medium for actual gold in the world. Now, finally, Comex-gold is in the process of being unmasked."
Wallenwein went on to explain what this unmasking will reveal:
"The real supply and demand determinants for Comex gold are not actual gold investors but fund managers. Fund managers are inextricably intertwined with the world of contract-based credit instruments. They bet on Comex gold contracts to hedge their other (currently horrendously losing) bets with something they all, in their in-bred belief in paper markets, believe will 'go up' in value while everything else is going down."
Trader Dan Norcini from jsmineset.com took another perspective: When a fund gets redemption requests from desperate clients who now need cash (instead of being invested in, say, the commodity sector), its managers are forced to sell futures across the board to generate that money.
"If $20 million of cash is required to meet client redemption requests, then $20 million of commodity futures must be sold REGARDLESS OF THE FUNDAMENTALS IN THAT PARTICULAR MARKET. In other words, it is FORCED liquidation on account of redemption requests. That has NOTHING TO DO with the real physical gold market where demand remains at unprecedented levels, levels so high that it's producing serious shortages of bullion for would-be buyers."
This forced liquidation then takes part in driving gold prices down...at least in the eyes of Comex.
GOLD VS MANIPULATION: GOLD WINS
Is there a serious conflict-of-interest going on here?
Does the Comex version of the current gold price bear any resemblance to what's happening with dealers, both supply and demand, in the real world? Are funds really pouring water on red-hot precious metals with their forced redemptions?
At least from the anecdotal perspective of a gold dealer, whether the reason is a compromised Comex or something equally nefarious, it seems clear that precious metals are being shamelessly manipulated.
There's just too much demand. Too little price.
Sadly, governments and institutions have been known to distort statistics whenever the need arose. Witness the government's changing of the CPI to exclude such insignificant inflationary factors as food and energy.
Regardless of these contrived forces, the current grassroots pressure on gold will only keep mounting in this environment. Something will give and soon. When that happens, will you be happy you had the prudence and foresight to diversify your portfolio with precious metals?
Is the American Gold Eagle made of gold?
Something doesn't make sense. On the one hand, you have rampaging gold demand, manic gold buying, an interest in the investment so intense that shortages of the precious metal are now actually commonplace around the globe.
On the other hand, what's the price of gold doing? Not much. Not much at all. Mediocre is what comes to mind. Gold seems inexplicably mired in a dull trading range while fireworks are going off in the rest of the financial world.
There's a disconnect going on some place.
Isn't the old law of supply and demand still in effect? Isn't it still true that when people want more of something, its supply decreases and its price heads north?
Or did the law get revoked, and we just never got the memo?
ARMAGEDDON ON WALL STREET, A YAWNER ON GOLD STREET
You certainly don't need a refresher course on what's been happening on Wall Street, how stocks keep losing trillions in value and how the government keeps overstepping its already overstepped boundaries.
That memory will probably be forever branded on your poor brain.
What has gotten considerably less publicity, though, has been the subsequent panic buying of precious metals by average, everyday people around the globe, from Europe to Asia to America.
According to a story in London's Evening Standard, German gold dealers have been halting the sale of gold coins. "German gold dealers say demand has skyrocketed this past week to 10 times normal so no more orders can be taken for the foreseeable future."
In no way is Germany alone. Gold dealers everywhere echo those same complaints. According to http://www.ameinfo.com, "We have a similar rush in the souks of Dubai. Gold coins are selling at the highest premiums to spot gold price in 30 years, and (gold) stocks are running out."
Toni Straka of SeekingAlpha.com, reported that Muenze Osterreich, producer of gold and silver Philharmonics, has had to add a third work shift to make more coins, such has been the unprecedented demand.
What's more, for the first time since introducing gold Eagles twenty years ago, the Mint has been stopping the sale of these popular coins. Its plan is to re-commence a more reliable supply, but only on a rationing basis to dealers.
So widespread are the shortages, according to Paul Joseph Watson, that buyers are turning to Ebay. "Since buyers are finding it near impossible to get gold bullion from recognized dealers, many are turning to eBay where auctions for one ounce Krugerrands and Maple Leafs are fetching anything up to 150 ($260) over spot price."
Gold demand is absolutely boiling.
Gold's price is absolutely yawning.
What's going on here?
THE GAS TANK IS FULL BUT THE GAUGE SAYS IT EMPTY
Many experts believe gold should now have reached $1,100 an ounce by now instead of loitering in the mid-$800s/$900s range. And even that may be a conservative estimate, given the devastation to the economy.
Why the disconnect? The Market Oracle's Alex Wallenwein, believes he knows:
"Why is gold dropping right now when anyone in their sane mind would expect it to rise? The simple answer to this question is, 'because Comex-gold isn't gold' - and because it deceptively pretends to be 'the' price-setter for real gold.
"Gold is gold, paper is paper, and 'Comex gold' is nothing but paper masquerading as gold while simultaneously pretending to be the price-setting medium for actual gold in the world. Now, finally, Comex-gold is in the process of being unmasked."
Wallenwein went on to explain what this unmasking will reveal:
"The real supply and demand determinants for Comex gold are not actual gold investors but fund managers. Fund managers are inextricably intertwined with the world of contract-based credit instruments. They bet on Comex gold contracts to hedge their other (currently horrendously losing) bets with something they all, in their in-bred belief in paper markets, believe will 'go up' in value while everything else is going down."
Trader Dan Norcini from jsmineset.com took another perspective: When a fund gets redemption requests from desperate clients who now need cash (instead of being invested in, say, the commodity sector), its managers are forced to sell futures across the board to generate that money.
"If $20 million of cash is required to meet client redemption requests, then $20 million of commodity futures must be sold REGARDLESS OF THE FUNDAMENTALS IN THAT PARTICULAR MARKET. In other words, it is FORCED liquidation on account of redemption requests. That has NOTHING TO DO with the real physical gold market where demand remains at unprecedented levels, levels so high that it's producing serious shortages of bullion for would-be buyers."
This forced liquidation then takes part in driving gold prices down...at least in the eyes of Comex.
GOLD VS MANIPULATION: GOLD WINS
Is there a serious conflict-of-interest going on here?
Does the Comex version of the current gold price bear any resemblance to what's happening with dealers, both supply and demand, in the real world? Are funds really pouring water on red-hot precious metals with their forced redemptions?
At least from the anecdotal perspective of a gold dealer, whether the reason is a compromised Comex or something equally nefarious, it seems clear that precious metals are being shamelessly manipulated.
There's just too much demand. Too little price.
Sadly, governments and institutions have been known to distort statistics whenever the need arose. Witness the government's changing of the CPI to exclude such insignificant inflationary factors as food and energy.
Regardless of these contrived forces, the current grassroots pressure on gold will only keep mounting in this environment. Something will give and soon. When that happens, will you be happy you had the prudence and foresight to diversify your portfolio with precious metals?
Is the American Gold Eagle made of gold?
Gold - Glitter to Investments
There is considerable action in the other non-financial fund
category, namely, gold. There are two kinds of gold-related funds in
India. One is the so-called gold ETFs, which act as proxies for holding
gold in physical form. Fund companies that run gold ETFs invest all of
the investors' money in gold. Thus, the money invested in such funds
makes profits or losses exactly in line with the price of gold, after
charging around 1 per cent per annum as expenses.
In the year or so since the first gold ETF was launched these funds' number has grown to five with few more in the pipeline. For a niche fund type, they've proven reasonably popular and hold assets of Rs 550 crore. However, when one compares these funds to the amount of gold that is traded in the commodity markets, this is a pittance. However, it's the other kind of gold fund that is having a more interesting time. These are funds that invest in the stocks of gold mining, refining and marketing companies abroad.
Currently, there's only one fund of this kind-DSP Merrill Lynch's World Gold Fund but another one from AIG is on offer right now and there's at least one from Tata Mutual Fund that is in the regulatory approval stage.
While gold prices have always had their ups and downs over the years and housewives in many Asian cultures have always liked to have their personal hoard of gold as hedge against bad times, it has been a long time since anyone has considered it as an alternatives to investments like stocks. This appears to have changed. Gold has had an amazing run over the last seven years, earning returns of about 300 per cent. Still, this can't disguise the fact that over the long term, gold hasn't been a great investment.
Even at the current prices, gold on international prices has gained at an average 4 per cent per year over the last hundred years. Adjusted for inflation, this is a mere 0.6 per cent a year. Does investing in gold or gold mining funds make sense now? According to those who are pitching for gold, we are in an unusual time when a combination of factors will probably make gold appreciate. Demand may stay and the supply will not really expand. After all, this is one of the scarcest materials on Earth. The total amount of gold ever mined in the world can fit into a box that is 64 feet by 64 feet by 64 feet.
What does all this mean? Looking beyond the merits of gold as an investment, the actual issue is the chasing of past performance that we all tend to do. Gold may do well or it may do badly. But the way to make money in gold in was to have realized back in 2001 that gold was at a historic low and then to have started buying it gradually.
To suddenly become a gold investor when the price has already run up more sharply than it has for a generation is folly indeed. Gold may have given returns of 40 per cent over two years, but the last time it did such a thing was perhaps in the mid to late 1970s. Do you really want to take a call on whether such a thing is sustainable? Whether it's gold or it's stocks or funds, what has already happened is generally not a great guide to what's going to happen. Gold won't be an exception to this rule. Gold as a small holding-perhaps five per cent of one's financial assets is fine, but it can't be anyone's main investment.
The sensex dipped 20% in 3 months but gold ETFs have given over 25% returns. It's time to look at gold for safe investments
WITH THE stock markets on a downhill trek, a wave of panic has gripped the retail investors. In these uncertain times, you may have also found yourself struggling, and sometimes worried, on how to get the right portfolio mix and avoid the bear's claws. The same stands true for many, who ran out of his wits after his year-long investments eroded in a matter of few seconds. If analysts are to be believed, in such turbulent phases, you can always look up to gold as an investment option not only as insurance against the choppy markets but for better returns as well.
THE GOLDEN SCENARIO
With an expected slower US growth momentum, Fed rate easing, a weakening dollar, rising oil prices and heightened geopolitical concerns, gold prices appear to be firmly supported in the months ahead. Strong investor demand coupled with strong jewellery demand from Asia and the Middle East is also likely to push the prices. In the present context, gold is expected to provide better capital appreciation, provided it is bought at a right price. It is also a good hedge against inflation
Strong fundamentals put aside, gold has also given a return of 18% in the first two months of 2008. Today, it is the most recession-proof asset and is actually playing the role of insurance in the investor's portfolio.
THE ETF ROUTE
Analysts feel that in the present market conditions gold is expected to provide better capital appreciation. While the sensex has fallen more than 20% in the last three months, gold Exchange Traded Funds (ETFs) have given returns of over 25%. "If you're looking for gold as an investment then it is better to invest through ETFs instead of holding gold physically.
It has a triple advantage:
1) Gold held via ETF would be treated as a long-term asset in one year whereas you'll have to hold the physical gold for three years to classify it as long-term.
2) There is no wealth tax attached and if you hold it in demat form
3) There are no issues about its purity.
GOLD FUNDS
If you're bullish about gold and other precious metals, it can be an interesting move to buy a mutual fund scheme which in turn invests in the shares of mining companies of gold, silver and platinum.
If you invest through an ETF, it is kept for three years and the amount of gold backing remains the same (it does not grow). However, in those three years, a gold mining company could have increased in the share price, could have given dividends and achieved higher valuation (share price) on account of corporate actions (like mergers, acquisitions).
Investing in a gold fund would benefit more as with the increase in gold prices, the profits of gold mining companies increase manifold on account of operating leverage. Launched in 2007 in India, DSP ML Gold Fund has given a return of over 60% in last six months.
GLITTER EFFECT
According to analysts, though gold is expected to provide very good returns this year, it would also come with higher volatility. So before you plan to invest in ETFs or gold funds, it is pertinent that you should get an outlook of dollar and crude price behavior, physical demand for gold in the global market and performance of equity markets. The entry time is very important while investing in gold. One should consider the seasonal pattern such as wedding seasons. Analysts caution that if you don't understand the dynamics of the commodity markets, avoid buying through futures because when the price goes against your position (price falls after you have bought) then you have to give the difference (known as marked-to-market) immediately to the broker.
In the year or so since the first gold ETF was launched these funds' number has grown to five with few more in the pipeline. For a niche fund type, they've proven reasonably popular and hold assets of Rs 550 crore. However, when one compares these funds to the amount of gold that is traded in the commodity markets, this is a pittance. However, it's the other kind of gold fund that is having a more interesting time. These are funds that invest in the stocks of gold mining, refining and marketing companies abroad.
Currently, there's only one fund of this kind-DSP Merrill Lynch's World Gold Fund but another one from AIG is on offer right now and there's at least one from Tata Mutual Fund that is in the regulatory approval stage.
While gold prices have always had their ups and downs over the years and housewives in many Asian cultures have always liked to have their personal hoard of gold as hedge against bad times, it has been a long time since anyone has considered it as an alternatives to investments like stocks. This appears to have changed. Gold has had an amazing run over the last seven years, earning returns of about 300 per cent. Still, this can't disguise the fact that over the long term, gold hasn't been a great investment.
Even at the current prices, gold on international prices has gained at an average 4 per cent per year over the last hundred years. Adjusted for inflation, this is a mere 0.6 per cent a year. Does investing in gold or gold mining funds make sense now? According to those who are pitching for gold, we are in an unusual time when a combination of factors will probably make gold appreciate. Demand may stay and the supply will not really expand. After all, this is one of the scarcest materials on Earth. The total amount of gold ever mined in the world can fit into a box that is 64 feet by 64 feet by 64 feet.
What does all this mean? Looking beyond the merits of gold as an investment, the actual issue is the chasing of past performance that we all tend to do. Gold may do well or it may do badly. But the way to make money in gold in was to have realized back in 2001 that gold was at a historic low and then to have started buying it gradually.
To suddenly become a gold investor when the price has already run up more sharply than it has for a generation is folly indeed. Gold may have given returns of 40 per cent over two years, but the last time it did such a thing was perhaps in the mid to late 1970s. Do you really want to take a call on whether such a thing is sustainable? Whether it's gold or it's stocks or funds, what has already happened is generally not a great guide to what's going to happen. Gold won't be an exception to this rule. Gold as a small holding-perhaps five per cent of one's financial assets is fine, but it can't be anyone's main investment.
The sensex dipped 20% in 3 months but gold ETFs have given over 25% returns. It's time to look at gold for safe investments
WITH THE stock markets on a downhill trek, a wave of panic has gripped the retail investors. In these uncertain times, you may have also found yourself struggling, and sometimes worried, on how to get the right portfolio mix and avoid the bear's claws. The same stands true for many, who ran out of his wits after his year-long investments eroded in a matter of few seconds. If analysts are to be believed, in such turbulent phases, you can always look up to gold as an investment option not only as insurance against the choppy markets but for better returns as well.
THE GOLDEN SCENARIO
With an expected slower US growth momentum, Fed rate easing, a weakening dollar, rising oil prices and heightened geopolitical concerns, gold prices appear to be firmly supported in the months ahead. Strong investor demand coupled with strong jewellery demand from Asia and the Middle East is also likely to push the prices. In the present context, gold is expected to provide better capital appreciation, provided it is bought at a right price. It is also a good hedge against inflation
Strong fundamentals put aside, gold has also given a return of 18% in the first two months of 2008. Today, it is the most recession-proof asset and is actually playing the role of insurance in the investor's portfolio.
THE ETF ROUTE
Analysts feel that in the present market conditions gold is expected to provide better capital appreciation. While the sensex has fallen more than 20% in the last three months, gold Exchange Traded Funds (ETFs) have given returns of over 25%. "If you're looking for gold as an investment then it is better to invest through ETFs instead of holding gold physically.
It has a triple advantage:
1) Gold held via ETF would be treated as a long-term asset in one year whereas you'll have to hold the physical gold for three years to classify it as long-term.
2) There is no wealth tax attached and if you hold it in demat form
3) There are no issues about its purity.
GOLD FUNDS
If you're bullish about gold and other precious metals, it can be an interesting move to buy a mutual fund scheme which in turn invests in the shares of mining companies of gold, silver and platinum.
If you invest through an ETF, it is kept for three years and the amount of gold backing remains the same (it does not grow). However, in those three years, a gold mining company could have increased in the share price, could have given dividends and achieved higher valuation (share price) on account of corporate actions (like mergers, acquisitions).
Investing in a gold fund would benefit more as with the increase in gold prices, the profits of gold mining companies increase manifold on account of operating leverage. Launched in 2007 in India, DSP ML Gold Fund has given a return of over 60% in last six months.
GLITTER EFFECT
According to analysts, though gold is expected to provide very good returns this year, it would also come with higher volatility. So before you plan to invest in ETFs or gold funds, it is pertinent that you should get an outlook of dollar and crude price behavior, physical demand for gold in the global market and performance of equity markets. The entry time is very important while investing in gold. One should consider the seasonal pattern such as wedding seasons. Analysts caution that if you don't understand the dynamics of the commodity markets, avoid buying through futures because when the price goes against your position (price falls after you have bought) then you have to give the difference (known as marked-to-market) immediately to the broker.
Saturday, October 20, 2012
Gold Recycling For High Value Metals
The shiny yellow metal that is Gold still remains one of the most
treasured of the precious metals. For hundred of years Gold has been an
indicator of wealth and a status symbol for many. Used extensively in
jewelery designs still today Gold remains ever popular.
Gold has always been used as a form of currency and monetary exchange throughout the ages and around the world. Gold bullion coins that used to be used as currency in circulation are now mostly collected for their investment value or collectible rarity. The majority of bullion coins minted are of 22 carat or 24 carat pure fine Gold. Most countries do not produce Gold bullion coins for use as currency anymore as the price of Gold makes it unfeasible. For investment purposes many Gold bullion rounds are now pure 99.99 Gold or 24 carat, although 22 carat coins are still in mint. The Gold Sovereign is one such 22 carat bullion coin still minted today.
Some of the higher rated Gold purity bullion coins are listed below :
The many industrial uses for Gold as well as the high investment market for the precious metal all help make Gold so valuable. The high value of Gold also supports a healthy trade in the recovery of scrap Gold metal from unwanted jewelery, industrial components, computer circuit boards and countless other avenues where Gold is present. Even a small amount of Gold is worth cashing in for the scrap value of the precious metal. There are various methods for recovering the Gold present in electrical components, such as reverse electroplating which can yield good levels of recovered metal. Other precious or high value metals such as Platinum, Silver, Palladium and Rhodium also have high scrap value and are well worth recycling through a scrap Gold refiner.
Gold has always been used as a form of currency and monetary exchange throughout the ages and around the world. Gold bullion coins that used to be used as currency in circulation are now mostly collected for their investment value or collectible rarity. The majority of bullion coins minted are of 22 carat or 24 carat pure fine Gold. Most countries do not produce Gold bullion coins for use as currency anymore as the price of Gold makes it unfeasible. For investment purposes many Gold bullion rounds are now pure 99.99 Gold or 24 carat, although 22 carat coins are still in mint. The Gold Sovereign is one such 22 carat bullion coin still minted today.
Some of the higher rated Gold purity bullion coins are listed below :
- Canada Maple Leaf 99.999% fine Gold
- Gold Kangaroo from Australia 99.99% pure Gold
- Australia Gold Nugget 99.99% Gold
- Lunar Calendar Coin from Australia 9999 Gold
- American Gold Buffalo bullion coin 99.99% Gold
The many industrial uses for Gold as well as the high investment market for the precious metal all help make Gold so valuable. The high value of Gold also supports a healthy trade in the recovery of scrap Gold metal from unwanted jewelery, industrial components, computer circuit boards and countless other avenues where Gold is present. Even a small amount of Gold is worth cashing in for the scrap value of the precious metal. There are various methods for recovering the Gold present in electrical components, such as reverse electroplating which can yield good levels of recovered metal. Other precious or high value metals such as Platinum, Silver, Palladium and Rhodium also have high scrap value and are well worth recycling through a scrap Gold refiner.
Sell scrap Gold online
through precious metal refiners that will pay the highest prices for
any unwanted precious metals.Platinum scrap wire, Silver jewelery,
unwanted broken jewelery Gold scrap and Rhodium can be scrapped within
the UK for top prices.
Buy Gold bars Silver bullion online in the UK to make an investment in the Gold or Silver bullion market. Gold bars are available in many sizes from 1gram upwards and Silver bullions bars can be purchased in sizes from 1oz up to 1 Kilogram.
Buy Gold bars Silver bullion online in the UK to make an investment in the Gold or Silver bullion market. Gold bars are available in many sizes from 1gram upwards and Silver bullions bars can be purchased in sizes from 1oz up to 1 Kilogram.
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