Tag: gold

Why is Gold so Important?

| October 20, 2018 | Articles: General

Why is gold so important? It’s a hard question, right? You must have asked that question to yourself too…why in all those precious metals is gold the most important?  Before answering that question let’s learn first about gold and its uses to tackle that problem. Gold has been used for thousands of years and by ancient civilizations.  We surely don’t know who first discovered gold, but we’re happy they did. Gold’s history can be traced as far back as 40,000 BC!  Pretty old for a precious metal, right? Ancient Egyptians You might wonder what early uses did they have for gold when they first discovered it.  Unfortunately, we don’t know […]

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7 Uses Of Gold You Weren’t Aware Of

| October 18, 2018 | Articles: General

Gold has has had many uses since ancient times.  Some of its uses were to decorate ornaments, weapons, jewelry, shrines, and many other things. In modern times, gold has been used as an electric conductor, jewelry, coins, commodities, and also as an investment. But is that all that gold can do for us? The answer is no, of course. Here are some unusual uses for gold. Health Supplement Yes! You read it right, gold has also been used as a food supplement. Japan has a unique tradition where they mix small, thin films of gold in beverages and in their food as a source of vitamins.  In some other countries, […]

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When to Sell and When to Buy

Gold is always a sought-after asset. Not only does it diversify your investment portfolio, but it also helps you gain ground in creating your very own hedge against an economic crisis that might occur while owning the asset. For newcomers, gold has always been hard to understand. The market fluctuates in such a way that sometimes it can become unpredictable. And so many other factors affect it as well. Some of these could be the political standing of the country, the economy, the oil markets, the scarcity of gold itself, the demand for the product and so much more. But fret not.  We have compiled a list of things you […]

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Gold and Silver Facts

| October 3, 2018 | Articles: General
Gold and Silver Facts

Gold and Silver have been useful to mankind since ancient civilization. Even today, we use gold and silver in our everyday lives. But most of the people nowadays don’t know the purpose and the importance of both metals.  Let’s talk further about two of the most important metals ever discovered by mankind.  Here are some amazing facts about Gold and Silver. Gold characteristics Color                           golden yellow Atomic Weight         9665 Normal State            solid Melting Point           18 deg C, 1337.33 K Boiling Point            […]

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What is a Gold IRA?

A Gold IRA is a type of retirement account by which physical gold or other precious metals are held in custody for the benefit of the IRA account owner. It works like a regular IRA but instead of using paper assets, The IRA holds bullions and coins. So basically, Gold IRA is a type of investment vehicle used to save for retirement by buying or holding gold bullions and other approved precious metals. with your traditional or Roth IRA, you stash your savings in the form of stocks, bonds or mutual funds.  In a Gold IRA, you use precious metals. You can also own many other precious metals aside from […]

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5 Reasons to Buy Silver instead of Gold

Is silver really better than gold? Why should someone buy silver instead of buying gold? What potentials does silver have as an investment? All these questions will be answered right here. It is natural of an investor to be curious and want to discover if one type of asset is better than another. This is particularly true when it comes to silver and gold since both markets generally differ in size. Money in silver Silver isn’t part of our currency, yet it is still considered of value along with gold. One evidence is that this cannot be generated easily and thus depreciates like paper or digital forms. And by real […]

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Gold & Silver Investors’ 8 Commandments for Avoiding Rip Offs

Gold & Silver Investors’ 8 Commandments for Avoiding Rip Offs

For every promising investment opportunity, you come across, there are multiple opportunities for bad-faith brokers and hucksters to try to rip you off. It could be undisclosed commissions and fees in an annuity, unwanted accounts opened up by a banker seeking additional fees, trades sabotaged by market manipulators, or any number of other schemes. Rip-off artists, unfortunately, operate within the precious metals space as well. Most recently, a scammer posing as a government agent in order to gain people’s trust was convicted of selling counterfeit gold bars and phony Morgan silver dollars. He took one investor for $11,000, according to reports. You can avoid this type of scam as well […]

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The Overall Top 5 Gold Mining Countries Worldwide

Gold has always been an important aspect of a country’s economy and has been sought out by many all over the world. Many countries have strived to maximize their production however gold production varies widely among different nations. Here we have compiled a list of the top 5 gold mining countries to show to you which nations have held the lead in Gold mining in the world. China – 440 MT China was the largest producer of gold in the world, mining 440 MT in 2017. China is also the number one consumer of gold, befitting a country whose development has pulled hundreds of millions of people out of poverty. […]

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The Overall Top 5 Gold Mining Companies

The Overall Top 5 Gold Mining Companies

There are different methods by which gold mining companies are ranked. One is by their annual production, by their cash cost per ounce, that is, how much money it costs them to mine the gold. Since gold prices are the same everywhere, companies with lower costs per ounce make more profit. The most common method lists by market capitalization which considers the total value of capital holdings by that company. Also considered when comparing companies is their market capitalization per ounce of gold equivalent which takes the market value and total reserves and resources for each company as well as the price of gold into consideration. The figures for each […]

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The Direction of Gold and Silver Prices for the Next Three Months

As they say, timing is everything. This applies in almost everything especially in investing. Although the prices of precious metals are likely to remain stable, analyzing it for a longer time table is very important before taking further action. This year has been claimed as the golden year for precious metals. The increasing incomes will likely pull up the demand of precious metals too. As the law of supply and demand states, the limited supply and high demand of precious metals will likely push the prices of precious metals higher.   Gold Price for the Next Three Months June – For the month of June, the predicted price of gold […]

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The Uses of Precious Metals

Precious metals have become an integral part in man’s day to day living. Aside from being a commodity for market volatility and economic disturbances, precious metals are used in different industries to make different products that are widely used for the advancement and comfort of living. From electronic devices to medical and beauty products, precious metals are widely used. What other major areas are precious metals used?   Aircraft Engine Precious metals are some of the main components that are used in the aviation industry in order to manufacture aircraft engines. Commonly, precious metals are used in well over 20 parts of the aircraft engine including the blades, heat exchangers, […]

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The Whats and Hows in Refining Precious Metals

The Whats and Hows in Refining Precious Metals

Precious metals are treasures as old as time. Their significance has been known for a very long time. As time goes by, the demand for these precious metals keeps increasing, but the supply doesn’t tend to keep up with demand. Due to this, new and different methods have been employed to cater to demand. What is refining? Refining is the process of purifying an impure metal. It differs from calcining and smelting since in refining, the final material is commonly similar chemically to the original one, only with a purer final product. On the other hand, calcining and smelting involves chemical changes to raw materials.   Why refine precious metals? […]

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Which is a Better Investment: Gold or Silver?

Which is a Better Investment: Gold or Silver?

An investor at times must decide which precious metal to invest in: gold and silver. There are times when gold is a better investment, and there are times when silver is a better investment. Why do they invest in precious metals? First, they hope that prices will continue to increase in order to gain money and second, they believe that other investments will decrease in value in the hope that they will not lose money. Which then is a better investment today, gold or silver? The price of gold and silver significantly changes from time to time. Looking back on the past years, it cannot be denied that the price […]

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China Takes the Long View on Gold-Silver… and So Should You

China Takes the Long View on Gold-Silver… and So Should You

A cursory look at Chinese history can convince you that China should not be underestimated when it sets its sights on a particular goal. Even before Mao Zedong took over the reins in 1949, and the first Five Year Plan began in 1953, centuries of history demonstrated that long-term planning, while not always meeting expectations, is a core behavioral trait of the Chinese psyche. And more often than not, it has enabled them to hit the mark. Expect eventual success for the One Belt, One Road Initiative – the world’s largest construction project, estimated to cost $80 trillion dollars – linking the Asian mainland, (including Central Asia) with Europe via […]

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