Sunday, April 23, 2017

From Fields to Flats, The Changing Landscape of Sound Investment

Today, the market is flooded with the options of Investments. Mutual funds, stock trading, insurance options are some of the options that dominate the majority of calls being made by a tele caller representative of any financial institution. The array of choices available does little to alleviate the confusion and skepticism surrounding the reliability of such options. In times like today, the old advice of buying land for sound investment merits little discussion due to the improbability that surrounds it. The square inch floor price is more than what can be labelled as affordable. Also, the prospect of going to a village evokes little nostalgia from the youth of today. Having spent a major chunk of their childhood growing up in metropolitan cities, the hardships of a rural life do little to change the negative perception. However, in failing to pay heed to their wise old grandparents, they may be losing out on a reliable and safe bet for their present and future.

Anybody having a grain of sincerity in building their assets have read Rich Dad Poor Dad by Robert Kiyosaki know what value a static asset holds. Whereas the author encourages the readers to look into the avenues that they trust on, reading from the author’s own experiences, one can come to appreciate the deep value that real estate holds even to this day. Granted, buying a piece of land, agricultural or otherwise, is out of reach, but the options to invest in what is built on that land is aplenty. With the breakneck speed of expansion that is taking place in metros like Delhi and Mumbai, the difference between main city and outskirts has blurred. With world-class transport options available in many of the Indian cities, the choices of owning your property have burgeoned.

But there are some for whom owning of property may not please than their preference of the investments that yield handsome returns. But a closer look reveals a lot more than reveals the eye. If the owner is not the occupant, these flats are mine of big returns. With the increase in job openings, many skilled professionals swarm the metros every year in search of it. The demand for good housing options, then, is bound to arise. It’s here that your foresight and planning comes into play. Offer them all the services to make it a home away from home and you earn twice the return. Hand it over to someone to grapple with the issues to maintain the flat and earn stress-free income to go along with the pay of your primary job. The things that you can do are many and the chances of failing are few, if any.

To earn a living is the primary reason why we all work, but to build something for our legacy is why we all invest. With the dearth of options out there and an irresistible one present before you, it’s hard to make sense of choosing any other way. To invest is being wise and to learn from it contributes to the wisdom. Sometimes, though, it’s better to bathe in the wisdom of others than cultivate your own.



Source by Swapnesh KR Gupta

How to Use Gold Markings to Help Sell Your Gold

With the current historic highs for the prices of precious metals, many people are looking into selling their unwanted jewelry and other items made from gold, silver and platinum. By learning about the gold markings or hallmarks as they are known in the trade, you will be better equipped to sell your gold. Like everything else, when it comes to precious metals, it is a good idea to know what you have before you try to sell it.

Most jewelry is marked or “stamped” with a hallmark telling the purity of the material. The key word here is most. Some custom made pieces may be signed or not and may or may not have the karat or purity of the material on the piece. Also, sometimes when a ring has been resized or a piece has been repaired, the markings will be removed in the finishing process and not reapplied. So do not assume that because it is not marked it is not precious metal.

Precious metals are bought and sold based on purity and weight. Jewelry is typically made from and marked 9k or .375, 10k or .417, 14k or .585, 18k or .750 or 22k or .917. This will tell you the purity of you piece with 9k being the lowest and 24k being pure gold. Where you find these markings depends on the type of piece you are looking at. Rings are normally marked on the inside of the shank or portion that attaches to the body or head of the ring. Bracelets, necklaces and chains will typically be marked somewhere on or around the clasp area. You will have to look carefully, open the clasp and look at the “male” end that inserts. Earrings are tough because the markings are normally very small, but look on the stem or post. Pendants and charms will be marked on the back or bail (that is the part that the chain goes through)

Whoever you sell your gold to will first look it over for gold markings to determine purity, and then they will weigh the piece. With the spot price of gold and these other two pieces of information, they can calculate the price you can sell your gold for.

Gold comes in many colors, the most common are yellow, rose and white; sometimes you will see all three in a single piece, it is referred to as “Black Hills” or “Tri-Color” gold.

Just because your item is white or silver colored does not mean it is gold. If it is marked.928 or sterling then it is Sterling Silver and if it is marked PLAT or IRD it is platinum. Both of which are precious metals and have value.

So look for those gold markings or hallmarks and remember the higher the number the more you will be able to get when you sell your gold.



Source by Lee Heavener

10 Fascinating Facts About Engelhard 10 Oz Silver Bars

The Engelhard brand name carries an absolute flawless reputation for high quality along with the overall purity of its silver bullion bars. Silver buffs absolutely adore this brand since they know that they have the power to sell or buy them with complete assurance, irrespective of where either they or the buyer may reside.

As you may know, Engelhard silver bars can be purchased in several different sizes: 1-oz, 10-oz or 100-oz. Here, I would like to concentrate on the Engelhard 10 oz silver bars and present some little known facts that you will be sure to find fascinating!

1. All (or at least the majority of them!) 10 oz Engelhard silver bars are marked with a unique serial number.

2. Engelhard uses ‘P’ prefix in front of its serial numbers to signify poured bars.

3. The company uses the ‘C” prefix before its serial numbers to indicate stamped or cast bars

4. The poured bars were issued before the stamped ones.

5.. A six digit version with no prefix were the first bars that were issued.

6. There were two varieties of bars: A portrait or tall vertical variety and a landscape or wide horizontal version.

7. The portrait version features the Engelhard large “E” logo and the Eagle-Flag logo with a triangle.

8. The landscape version features the Engelhard logo in a rectangle, along with a ‘Bull Logo.’ or just the plain Engelhard logo surrounded by a rectangle.

9. All of Engelhard bars are stamped with the bar’s weight and silver purity. Many different spellings and variations including:

  • “999+” “10.000” with just a tiny amount of space between the two words.
  • “999+” “10.000” with large amounts of space between the two words.
  • 10 T.OZ
  • 99 9+FINE SILVER 10TR.OZ
  • 10 TROY OZ. 999+ FINE SILVER
  • 10 TROY OUNCES FINE SILVER 999+
  • 999+ Fine SILVER 10 Troy Ounces

10. Around 1.5 to 1.7 million Engelhard 10 oz Silver Bars were minted. Sadly, many of these have been melted.

In conclusion, as you can see, an Engelhard silver ingot isn’t just your run-of-the-mill ordinary silver bar. Its interesting mint history and dedication to quality make this a 10 oz silver bar worth buying!



Source by Christina Goldman

The Advantages and Disadvantages of Buying Land As an Investment

Some say that land is the greatest investment that a person can make. Every year, more people are saving up, or applying for a loan to buy some land. Some people buy it because they do not have a roof over their head, while others buy land as an investment for the future. While buying land is highly lucrative, there are some advantages as well as disadvantages of buy real estate as an investment, and here are some of them.

Buying land is advantageous because it is one of the few assets that see such an exponential rise in value over years. Land is almost immortal, and therefore is one of the few assets that are handed down from generations to generations. In fact unless there is some great natural calamity, the owner of the land will always have remuneration, even if their land is destroyed. Along with gold, land becomes the most expensive, valuable asset with the longest life possible.

Another advantage of buying land as an investment is the exponential increase in the price of the land. Every year, real estate prices see a price correction that drastically changes the prices per square feet. This amount is arguably more than any amount of interest that a bank would provide, or the returns on any small scale business that you have invested in.

Buying real estate as investment is also the safest, because this is one resource that will always be required and never go out of fashion. In fact, some financial mavens consider real estate to be a much worthy asset as compared to gold, because of the ready usage that one can find for real estate. Whatever be the financial condition of the country or the person, they will always need land to live and to conduct business.

In the same vein, owning real estate has some disadvantages too. The first disadvantage is that though the price rises quite well, one will always be in a loss making deal when they are selling their real estate, because they could have made a better amount next year, or even six months down the line.

Another disadvantage is that the cost of real estate owned by a person may suddenly decrease due to factors that they have no control on. For example, sometimes the cost may decrease because the land becomes landlocked and nobody can access it via road, air or sea. In other instances, the land might become cheap because the Government has not provided the right kind of amenities and services, thereby decreasing the habitability of the place.

Yet another disadvantage is the cost of the real estate. The cost is so high that people have little assets left to experiment with, thereby forcing them to put all their eggs in a single basket.

Because of these disadvantages, it becomes necessary for a person to research the area well before they finally sign up on the dotted line.



Source by Keshawn Vaughn

Invest In Comics! My Top Copper Age Comics To Invest In!

So you want to invest in comics, do you? In many of my previous articles, I’ve stressed quite a lot about silver age comic investing, with a slight emphasis on bronze age comics to invest in. I’ve also stated quite profoundly on modern age comic books as being unwise investment comics to pursue.

Whether you consider copper age comic books as part of the modern age or not, there are some, although very few, wise key issues to invest in. These are a tad more affordable than bronze or silver age books, but they are well worth owning to bring more value to your collection.

There are quite a few copies floating around at high grades, especially in the 9.8 area. Unlike many high demand silver age books, in which mid to low grades are still investment worthy, these copper age selections on my list are best to invest in at high grades. I’m advising no lower than low NM or 9.2 according to CGC universal standards.

So, without further a due, here are just a few of my top copper age comics to invest in:

  1. G.I. Joe A Real American Hero #21 (1st Storm Shadow/Silent issue).
  2. G.I Joe A Real American Hero #26 & 27 ( Snake Eyes origin, 2 part story).
  3. G.I. Joe A Real American Hero #150 through #155 (Low Print run. Issue 155 is last issue).
  4. Amazing Spider-Man #299 (1st brief appearance of Venom. Todd McFarlane art.)
  5. Amazing Spider-Man #300 (1st full appearance of Venom. Todd McFarlane art.)
  6. Marvel, The Transformers, 1984 #1 (1st Transformers comic based off Hasbro Toys.)
  7. New Mutants Vol 1 #98 (1st appearance of Deadpool).
  8. Uncanny X-Men #221 (1st appearance of Cable as baby Nathan.)
  9. Uncanny X-Men #244 (1st appearance of Jubilee.)
  10. Uncanny X-Men #248 (1st Jim Lee artwork on X-Men.)

Of course there are more from the copper age that are well-worth investing in. These are just my first-round picks, as you could say. The great thing about many of these issues is that they are still well under a hundred dollars for many copies that are over 9.4 NM (near mint).

All the issues here are in demand, and ones like the last five issues of G.I. Joe A Real American Hero by Marvel Comics have low print runs. That means that they’re pretty scarce and some hunting for those issues at a high grade may be needed. Be sure to see the links below for even more fantastic invest in comics advice and picks from all comic book ages.



Source by Vic J.

Is the South African Krugerrand Mini Gold Coin For Real?

Is the South African Krugerrand Mini Gold Coin an authentic gold bullion coin? Are you dreaming? It looks similar to the very popular South African Krugerrand gold bullion coin but perhaps it is just a fake ripoff?

No need to pinch yourself; you aren’t dreaming! What you have just encountered are authentic reproductions of the bigger Krugerrand gold bullion coins. What makes them extraordinarily appealing to collectors and speculators as well are its realistic renditions of the much more expensive version.

Since gold is once again climbing to levels that have never been experienced before, acquiring the South African Krugerrand Mini Gold Coin and adding it to the list in your investment portfolio would be a great move. And why is that? You see the mini gold coins have a weight of an approximated .50 grams. It has a 10mm approximated size in diameter.

It gets better when you find out that their composition rates essentially varies from 6K to as high as the first 22K. If you have plans on acquiring some, it is best to follow the golden rule in purchasing in volume. That is, the more pieces you buy, the lower the cost will be.

Keep in mind that you may have stumbled on a good deal in the Net but be cautious with its validity. There are no silver Krugerrands in the market. Don’t let these folk trick you into buying these products. It is best to educated yourself on the coin’s identity. For example, the one-half ounce mini features 150 reeds while the the one-quarter and one-tenth ounces have 140 reeds in the design.

Before you bring the gold coins home to show to your family, it would be best to do your own research first to make sure you’re bringing home pieces of the South African Krugerrand Mini Gold Coin and not gold covered chocolate mini coins!



Source by Christina Goldman

Secrets of a Gold Buying Millionaire

Buying scrap gold is fast catching up as a very lucrative business. People are more willing to sell their gold to a gold buyer than to a pawn shop or jeweler. I am a gold buying expert and I am in this field for many years. And I have only seen the number of gold buyers and sellers increase in tremendous amounts each year! Pawn shops and jewelers only give 50-60% whereas a gold buyer can give 70% which is very beneficial to the customer. If you see, the value of gold has only been increasing but never decreasing. And now gold is at an all time high and this is an opportunity to buy gold and invest it in various ways. The value of gold only increases with time.

Becoming a scrap gold buyer is not very difficult if you are thinking so. It doesn’t need any training or educational qualifications. You just need to invest some time and some common sense. And trust me that in no time you will become an expert in this field. You can make millions in a very small period of time considering that the Americans are selling as much as $50,000 of gold each week. If you follow some good tips and instructions you might make very good money in a short period. Please visit: for guidance to make your business profitable. However let me tell you some of the simple ways and methods of a gold buying millionaire.

Choosing the right refinery to sell your scrap gold is very important. It is a very good idea to consider a local refinery. If your refinery is far away you might have to send you gold through mail and you also need to undergo insurance work. But before selecting your refinery, make sure you visit their office and check their resources out. The refinery cost is usually not more than 5%.

Stone tweezers are helpful when your customer only wants to part with her gold but not the stones in the ornaments. In all these years I have seen many gold buyers just losing their customers just because they do not have equipment to remove stones and other precious gems from the jewelry.

Advertising your business and making people aware of your job is very important. You can place your ads in Craigslist, which I did when I started the business and it worked wonders! Make sure you have as many gold parties as possible. Most gold buyers make huge profits in gold parties. An average customer has about $300 of gold and even if you pay 65% you will make $100 before paying the refinery. And considering a party of 10, you can easily earn up to$1000 in just a few hours!

Always keep track of the market conditions and other details about gold. The value of gold keeps changing everyday and you need to be updated properly. Proper knowledge and information will save you a lot of money.



Source by Matt Wallace

Cash in on the Gold Rush With These Popular Household Items

Gold recycling is more popular than ever in recent years due to the demand of precious metals. Every bit of gold recycling helps supply that demand and the American public can help recycle and get paid to do so. Even if you don’t have a lot of gold jewelry around your house, there are plenty of other household items that contain gold and can be recycled for a profit. Recycling gold can be very profitable and help you make a few hundred dollars to a few thousand dollars depending on what you have to recycle.

To get started recycling gold, here are 10 items you can start looking for in your house to start recycling.

1) old laptop and old computers – different brands and models may have different components, but most likely your old computer will have gold in the chip processor, CD drive unit, and adapter extension for a laptop. Before extracting the gold from these items, you should research into the process for removing gold from these items. Often times, it will require using toxic chemicals so it is important to understand the process to remove the gold as well as practicing safety to make sure you aren’t harmed by the chemicals.

2) cell phones – in your cell phone, there are components made of gold or these items can be gold plated.

3) broken and unwanted jewelry – you may have old jewelry from an ex-spouse, ex girlfriend or boyfriend, and even from relatives. You may have items that you haven’t worn in 10 years or items that have broke. The great news is, these items can be turned into cash if you no longer desire them.

4) commemorative pins – you may have pins and buttons around the house that are actual gold. You may have inherited military memorabilia that contains gold.

5) Old fillings and caps – dentists years ago would use gold for fillings and caps. You may have a relative or even yourself that has had a gold filling removed.

6) Old smoke detectors – take down your old smoke detectors and replace them with new ones. Before discarding your old smoke detector, remove any gold

7) Old VCR’s – they have gold in them

8) Old Junker car – there is gold in your old car. Depending on the year, make and model, the gold content will differ. System chips and heat insulation are some places you can look.

9) old TV’s, printers, and cameras – I can’t list every make and model, but there are gold in these items. People discard these items everyday because they become outdated. You can pick these up for free and turn them into cash.

10) glassware and silverware – not all glassware and silverware will have gold, but some items will. Some place settings will have gold in the dish, some glassware will have gold in the glass, and some silverware will have gold within the utensil. Review all of your items carefully. Silverware may also be sterling silver which is also a precious metal that you can sell for instant profit.

As you can see, there are plenty of items that can be recycled and turned into instant cash. Some recycling methods take more time than others so you may have to experiment with the process to determine what method you enjoy best. The great thing about recycling precious metals is that anyone can start recycling today and earn some extra income doing so.



Source by Dave Barkstedt

Countries Who Have the Most Amount of Gold As a Natural Resource

Many countries are lucky enough to have gold as a natural resource, and therefore produce it for manufacturing and exporting. Many people do not know where gold actually comes from, here is a brief explanation:

The largest gold producers in the world are South Africa, then the United States (where the majority of the metal is produced in Nevada), and lastly Australia. Gold is found in its natural form and is then taken to be manufactured in factories. These factories also melt down unwanted scrap gold and make it into items people will pay money for.

South Africa

The Witwatersrand basin in South Africa, commonly known as The Rand, has been the top source of gold globally for the last 120 or so years. 40% of gold found during this period has been sourced from The Rand. It is suspected by scientists that up to a third of the world’s un-mined gold still remains here.

United States

The second largest amount of the precious metal is produced in Nevada, in the US. There are other states in the US including Alaska, California and Colorado who also mine gold. In the US, mail-in campaigns are popular whereby customers get cash for gold they don’t want by sending it off. This shows just how big the gold industry is from sourcing, producing, buying and then selling.

Australia

The third largest producer of gold is Australia. Originally gold here was discovered in New South Wales near Ophir but is today mined in regions Pilbara and Goldfields-Esperance and Bendigo, Victoria. The Super-Pit mine is over eight square kilometres in Kalgoorie, which is the biggest open air Australian mine.

Throughout the history of the metal, these three countries have been the top producers. However, in recent years China has actually produced the largest amount of gold. This is because labour and production costs in China are lower so the production rate has increased despite the fact that the country has a lower natural source of gold. Gold prices have also hit a record high, making any gold much more valuable than ever before so investment in gold pieces has rocketed.

The gold industry has a fascinating history and there are many processes involved in creating any item made from the precious metal, from a multi-million dollar gold necklace to a collectors gold coin. It is advisable to keep any gold you possess and consider getting it valued as it may be worth a small fortune. This is common practice in the present day.



Source by Mischa Weston-Green

Who Decides How Much Gold Is Worth?

For private investors, the spot price of gold effectively determines how much gold is worth. The spot price is the price at which gold is traded at a particular point in time and location for immediate delivery.

Note however, that the when it comes to buying and selling, the buy price will always be slightly more than the spot price and the sell price will be slightly less. This ‘spread’ represents the costs and profit margin of the broker.

Other than the standard economic fundamentals of supply and demand, the gold price is affected by other important factors such as oil prices, interest rates, the $USD index, central bank involvement and geo-political tensions to various degrees.

Like all other stocks and commodities, how much gold is worth is determined on exchanges. However, not all bullion trading exchanges are created equal. The two most critical exchanges are the LBMA in London and the COMEX in New York. Between these two financial centers, gold sees most of its trading action.

Other bullion exchanges exist in major cities such as Tokyo, Hong Kong, Sydney, Singapore, Shanghai, Dubai and Zurich. Given this global reach, a gold spot price is continually being established even when the COMEX and LBMA are closed, allowing gold to be traded 23 and half hours every day excluding weekends.

LBMA

The LBMA which stands for ‘London Bullion Market Association’ operates between the hours of 07.30 GMT and 15.00 GMT. It used to be the foremost bullion exchange in the industry but during the crisis of 1968 in the run up to the end of the ‘gold standard’, its importance waned.

Nevertheless, the LBMA is still a leading exchange whose ‘Good Delivery’ list is widely accepted as the ‘de facto’ standard for the quality of gold and silver bars, thanks to the strict standards of assaying and bar quality that refiners must satisfy in order to be listed

COMEX

Nowadays, the most important bullion exchange in the world is the Commodities Exchange of New York. Known as the COMEX, it operates between the hours of 08.30 and 13.30 Eastern Time.

In 1994, the COMEX became a division of the New York Mercantile Exchange (NYMEX) and as such, how much gold is worth, is determined via a procedure documented in what is known as the NYMEX ‘Rule Book’. This is largely based on the price of contracts being traded in the most active futures month.



Source by Auric Taurus

Importance of Gold in Indian Culture

For centuries, civilisations have reserved gold as objects of luxury believed to be worthy of only gods and rulers. It is one of the posh metals, and holds immense religious magnitude especially in Indian culture. Gold is taken as a sign of supremacy, beauty, and cream of the crop. Many people think that Indians are fanatics for gold. Although this proclamation cannot be entirely denied, but the truth is that Gold always had a particular connotation in all ages.

Gold holds great sacred meaning in Indian culture, as it is the symbol of the Hindu goddess Lakshmi, which is considered highly auspicious. Hindus believe that their goddess was born from the cosmic egg of gold, and hence buying gold will bring them good fortune, and destiny.

Gold is a sign of power, and status. Many individuals in India think that gold symbolises wealth. In Indian weddings, gold brought as dowry by the bride, shows her paternal family status and wealth. It is believed that a bride wearing 24k gold on her wedding will bring luck, and happiness throughout the married life.

Indians are passionate about gold, and people often regard it as extremely holy. They believe that gold brings good luck; hence, many people like to start their businesses or any other new affair by purchasing gold, or decorating the idols of their religious gods with gold ornaments.

There are special days in Hindu calendar, which encourage its followers to buy gold on that specific day such as Dhanteras and Dassera. Hindus believe that it will bring good omen if they will make gold purchases on these propitious days. Besides, the Incas have referred to gold as tears of the Sun, which adds more towards spiritual significance, as sun is the sign of authority.

Gold is also bought on festivals like Onam, Pongal, and Durga Puja. These are the days when ladies get dressed formally, and wear gold ornaments. They like to wear as much gold as they can; therefore, usually they are shining like bright sun. Gold is also considered to be a good gift item, and usually people exchange gifts made of gold on weddings, birthdays, and other religious festivals. India has a huge cloth making industry, which uses gold thread work in making cultural dresses for special occasions, and it is admired not only by Indian women, but in international women community as well.

Gold is an integral part of Indian culture, and is considered exceedingly sacrosanct. Hindus do not wear gold on foot, as it represents ignominy towards their god. Besides, they believe that if they misplace gold, it will bring bad providence to them.

Gold is clearly visible in every part of Indian life. In Indian culture, women, and gold have remained more near to each other, and this tradition is very old and still continuing. It is an emblem of spirituality and command, and many cultural as well as religious myths are based on it. According to many, it brings prosperity, and opulence.



Source by Jack Wogan

What Are The Cheapest Gold Bullion Coins? Learn How To Calculate Gold Coin Premiums

With the price of gold hitting record highs (almost on a daily basis!) it’s more important than ever to be a smart gold bullion shopper.

Arguably, the most popular gold bullion coin is the American Gold Eagle. The coin has its ownership advantages such as liquidity, worldwide recognition, and a U.S. Government guarantee, for example.

But is it the cheapest gold coin to buy now? Does it have the lowest premium over other popular gold bullion coins?

Read on and find out…

In a gold bull market, your ultimate goal is to own as many units as possible at the peak of the bull market.

In order to do so, you want to purchase the most gold for your money at any given time.

To achieve this goal, you will want to buy the gold coins with the lowest premium (cheapest!) at the time you are making your purchase.

With the large variety of gold bullion coins available for sale, how do you determine which is the cheapest one to buy?

Here’s how you calculate the premiums on gold coins:

  1. First you’ll need the current spot price of gold (the bid price). I like to use an online source such as Kitco. Most bullion dealers will also have the current spot price list on their website.
  2. Next, you’ll need to find out how much each gold coin is selling for over the spot price of gold. Most gold dealers will have this listed on the specific coin page. For example, my favorite bullion dealer is currently quoting a $97.99 over spot for a random date 1 oz American Gold Eagle
  3. Now, calculate the percentage each coin is selling for over spot using the following formula:

Amount Coin Is Selling For Over Spot / (Current Gold Spot Price + Amount Coin Is Selling For Over Spot)

Let’s use the 1 oz American Gold Eagle as an example:

$97.99 / ($1891.60 + $97.99) = 4.9% premium over spot!

The premiums will vary according to the amount of coins purchased and by individual dealers. Right now, the coin with the lowest premium is the South African Gold Krugerrand.

Calculating the formula for each coin on a daily or regular basis can be tedious. You can simplify this by setting up a basic spreadsheet with the formula, listing each coin of interest. Then, you will just need to change the spot price of gold and the individual coin pricing numbers as needed.

If you don’t want to calculate the gold coin premiums yourself but would still like to know what the cheapest gold coins are, on a regular basis, I’ve done the hard work for you!



Source by Chrissie Goldman

The Importance of Gold in Chinese Culture

All of us are well aware of the fact, that different parts of the world possess different kinds of cultures and each one is different from the other. Gold is a metal that has great significance in several cultures of the world. The Chinese are one of the oldest civilisations in the world. This is something that makes the Chinese culture relatively more complex than the rest of the cultures.

Considering that the Chinese civilization is very old, it has seen many rulers and forms of governments. Since ancient times, gold is associated with good luck and is considered to be the colour of emperors. As it was considered a lucky sign, the emperors used to wear gold coloured clothes and also used to wear accessories that had gold on them or were golden coloured.

The significance of gold makes the golden colour a very important part of the Chinese culture. Gold as well as the golden colour has always been considered to be a symbol of lavishness in the Chinese culture. This has an association with the emperors using gold and golden colour.

People with a high status tend to use more gold; and gold items are considered to be a great gift. In the Chinese culture, the golden colour as well as gold are considered to be an earthly element and are a representation of wealth in the Chinese Four Pillars of Destiny.

The fact that Chinese culture is a complex one also reveals that the golden colour has a sort of dual meaning and it is the mourning colour used by the Chinese Buddhists. Besides this fact, the fact still remains that gold is an important part of all the important festivals of the Chinese culture.

The Spring Festival that takes place in China at the beginning of the Chinese New Year is one of the times when the demand of gold in China is very high and gold as well as jewellery sales go up significantly. This is the time when people buy gold for themselves, and also for their loved ones as gifts. The festival is an important part of the Chinese culture and triggers the sales of gold in China every year.

The dragons are an important mythological symbol that is prevalent in the Chinese culture. Gold is also used in the making of these dragons. Gold colour is used in abundance and there are also other small pieces used on these dragons for decoration purposes. Embroidery is also done using special kind of thread that is gold plated for making these dragons as wall hangings.

The cultural significance of gold is evident from the fact that gold has been a very important part of the Chinese currency since very old times. It is also a very important part of the Chinese art. A company was established in China in 1987, which makes commemorative coins that were made of gold. These coins are made in different designs on different occasions with a depiction of a particular event on the coin. This is a very important part of the Chinese art and culture.



Source by Jack Wogan

Gold and Religion

In all the recorded history of mankind gold holds a high position. It is found in economy as a carrier of value, in art as a symbol of grandeur and in social interactions as a sign of high status. Religions across the globe reinforce this key place for gold, using it either literally – in contexts linked with divinity – or metaphorically, as mark of purity.

Today’s most widespread religion, encompassing over two billion persons – we are, of course, speaking of Christianity in all its forms – is source rich in examples of this attitude towards gold. In one of the most lasting and enthralling legends of Christianity (see Exodus 25:10-22), God himself, through the voice of Moses, ordered His people to build a wooden box in which to hold the Ten Commandments; the lid of this box was made entirely of gold, adorned with two solid gold cherubs, so that from between them He could come speak to His people and appease their souls. The famous lost gold mines of king Solomon, believed to have existed (if, indeed, at all) in Africa, are mentioned in relation to building the first temple of Jerusalem. Also, gold, along with frankincense and myrrh (all signs of royalty) was presented to the baby Jesus by the Magi.

It is remarkable that one of the oldest religions in the world, Hinduism, hails wealth as one of four goals set to man during his life on earth. Next to righteousness (dharma), sensual pleasure (kama) and freedom (moksa), prosperity (artha) is even a duty for the Hindu man, who must gather as much wealth as possible without crossing the line of morality set by the Vedas. Gold is seen by Hindus as pure enough to hold their souls – Yama, god of justice, is depicted holding a mirror of fire and a set of golden scales for measuring the dead’s spirit upon entering the after-world.

On the more mischievous side of religious story-telling, the ancient Greek god Zeus, ruler of all other gods and men, known for being partial to earthly women, came to one of them (Danae), in the form of a shower of gold; the result of this union was the hero Perseus (who slayed the evil Medusa). The golden fleece, another famous piece of Greek mythology, is said to come from a winged ram fathered by the sea god Poseidon.

Many other religions and faiths treasure gold for its properties and use it to symbolize purity, steadfastness, divinity etc. Most depictions of gods, whether of monotheistic or polytheistic, include some element of gold: a crown most often, or entire limbs made of it, the throne, the book of scriptures etc. Clearly, since the dawn of the civilized man, gold has been associated with value, and so validated over any other type of material possession.



Source by Jack Wogan

Why You Should Buy Silver Now Before the Price Goes Crazy High

“What’s that you say? You’re going to buy silver?” my friend of over 20 years replied, looking at me as if I were about to club her over the head and throw her in the back of my van. Actually, the verbal exchange wasn’t exactly like that, but she did give me an odd look (and just for the record, we own a minivan with lots of windows and very comfortable seating). Think about it for a second, dear reader… if I were standing in front of you right now telling you that I was going to buy silver, how would you respond? First of all, you would certainly wonder who this stranger is and why is he talking to me about silver. Granted, but let’s try to focus on the silver part, friend…

Do you know what the price of silver has done over the last 15 years or so? It went from around $4 an ounce in the very late ’90s to almost $50 an ounce in 2011. That’s quite a hefty return, no? And I can tell you that was only the beginning. “So what has silver done for you lately?” You ask. Well, it’s kind of gone down a little. How “little?” Well, it’s gone from about $50 to its current price of $19 or so. Alright, close your mouth. You can stop giggling too. I know it might sound crazy when I tell you that now is the perfect time to buy silver. Why? Simple – because the price has fallen from $50 to $19! Here’s a little tip for ya’ – Buy low; sell high? Heard that one already? Well, price is low, so it’s time to buy. Could price go lower? Sure it could, possibly a buck or two, but odds are that the bottom is in for this correction and soon prices are going to start going up again. How high will they go? Well, there is plenty of talk these days of silver going to $60, $100, even $200 per ounce; and if our government and the Federal Reserve keep printing $118,000,000 an hour (that’s right, per hour – they are creating $85 billion a month!) we might even might even see silver hit four figures before its all over.

Why is silver going to go up?

I am not a fortune teller, friends, nor I am not a financial advisor (who is basically a fortune teller in a suit, no?) I am not a silver salesman either. I am merely a husband and a father looking around at this world of ours; at the shaky governments and economies; at the bail outs and imminent bail ins; at the real inflation around us (not the inflation rate that the government tells us); at the incessant printing of dollars and euros and most all currencies world-wide, and I know that we cannot continue like this. There are some rough times a’ comin’ and when there is instability, people seek stability and security. In financial-speak, that means precious metals – silver and gold. The time is now to purchase your security in the form of silver and ride the wave of higher and higher prices to come.



Source by Joe Paulson

What Is Gold Standard and Its 3 Different Types

Many countries have been defining gold standard as a monetary system whereby the currency used is based on a fixed amount of (Au). In this monetary system, cash and deposits in the bank can be exchanged into gold and the price is fixed. Up to now there are 3 common types of standard and they’ve been practised since the 1700s. These are known as the gold specie, gold bullion standards and gold exchange. To know a bit more about these three different standards a brief explanation is included below:

1. Gold Specie. In this particular gold standard option, the currency unit has a direct connection with the circulated gold coins. In other words, the unit of currency is connected to the unit of value of each different gold coin. Secondary coinage with lower value than gold uses the same rules as well. The presence of gold specie standard was detected in the era of medieval empires. The Byzant (Greek) and the British West Indies are some of the gold standard examples. However, this type of standard is rather an applied system as it’s not formally established. It origins from Spain and it’s known as the doubloon. In 1873, the U.S. legally adopted the system and American Gold Eagle is used as unit.

2. Gold Exchange. This particular gold standard only involves the circulation of coins valued less than gold, for instance silver. The authorities tend to impose a fixed rate for gold exchange on countries that are using the gold standard. Many countries choose to peg their currency units to the gold standard in the U.S. and U.K. For instance, the Japanese, Mexican and Filipino choose to exchange their silver to USD at the price of $0.50 per unit.

3. Gold Bullion. This type of gold standard sells gold bullion via fixed prices based on demand. This method of trading was first carried out by the Parliament of the British in 1925 whereby it resulted in the voidance of the gold specie standard. In 1931, the U.K. government made a decision to banish the gold bullion standard on a temporary basis to curb the excessive flow of gold way past the Atlantic Ocean. The same year witnessed the ending of the gold standard.

The utilization of gold standard has brought about several advantages. One of them is that the power of determining the occurrence of inflation within the country is not totally given to the government. In other words, inflation can be curbed by preventing the issuance of excessive paper currency done by the government. At the same time, the exchange rates will develop a fixed pattern whereby global economic uncertainties can be reduced at a great level. However, just like many other monetary systems, gold bullion standard has its own set of disadvantages as well. It’s believed that it might not be able to stabilize the economy during depressive financial condition as it might cause the monetary policy to become ineffective. The belief makes sense, and a lot of economists are afraid that their theory would come true. In gold standard the availability of ( Au ) is the sole determinant to the availability of money.



Source by Arto L

Should You Invest In Generic Or Name-Brand 10 Oz Silver Bars?

You’ve decided to invest in 10 oz silver bars – good for you! These silver bars are a great investment for several reasons:

They can be easily stored in a safety deposit box a safe at home because of their lovely flat, uniform size.

They are still very affordable, even with silver trading around $30 an oz these days.

Best of all, they are super handy for emergency bartering purposes.

When shopping for silver bars, you’ll have the choice of buying either a name brand such as Engelhard or unknown generic brand. Which one should you choose?

As I mentioned previously, a name-brand silver bullion bar is one that is produced by well-known, established companies such as Johnson-Matthey or Engelhard. These are the top-tier manufacturers followed by 2nd tier producers such as Silvertowne, Sunshine Minting, and the Wall Street Mint.

On the other hand, a generic bar is one that is produced by a company that is not very well-known or no longer in business.

Certainly, there are advantages to buying both. Let’s take a look, first, at the reasons why someone might choose to invest in name-brand silver bullion bars.

Although you can expect to pay more for a bar from one of the top-tier producers, typically they will command a higher selling premium than the lesser or unknown brands. In simple terms, when you approach your local coin dealer to sell an Engelhard Silver Bar, you can expect to be offered more money then had you been selling a generic variety.

So if you are investing in these 10 oz silver bars for profit and wealth-building reasons, I would suggest you stick with one of the name brands.

Now let’s take a look at why someone might choose to invest in a generic silver bullion bar.

The biggest advantage these bars have over their name-brand counterparts is price. Typically, you can buy these bars starting around $.69 over spot, at the current time, compared with up to $2.00 over spot for a Johnson-Matthey silver bar.

If you’re simply investing in silver in order to preserve the purchasing power of your money or for emergency bartering purposes, go with a generic bar.

Just remember no matter what 10 oz silver bar you choose, silver has been looked at as a store of value and form of money for over 4000 years. Compare that with the history of paper money!



Source by Christina Goldman

1000 Oz Silver Bars – Lowest Markup Over Spot Makes These Silver Bars A Great Investment

Today’s uncertain economic factors have leading investment advisors enthusiastically recommending the purchase of precious metals such as 1000 Oz silver bars. In a time when owning tangible assets is viewed as a necessary part of any investment strategy, wise investors are buying larger bars like the 1000 ounce silver bullion bar because they offer the lowest markup over the spot price of silver.

These 1000 Oz bars are poured from Troy silver with bars normally weighing from 950 ounces to 1075 ounces, or roughly 70 pounds. Each bar is individually weighed and stamped with the exact weight, the purity and the hallmark of the company that produces it.

There are several private companies that offer the 1000 oz silver bar for sale, guaranteeing their weight and purity and shipping them via insured carriers. These larger sized bars may be received and stored personally by the investor or shipped to a secure precious metals repository for safekeeping.

The most popular 1000 oz silver bar brand is produced by Johnson-Matthey, a leading silver refiner known world-wide. Each bar is individually weighed by Johnson-Matthey and is stamped with its hallmark, purity, and weight.

These large silver bullion bars are Comex deliverable and are poured as a bulk product when ordered for shipment.

Reasons for Buying:

The outlook for rising prices in the precious metals market continues to be good. Here are the six primary reasons top financial advisors are adding silver to their portfolios and suggesting you do the same.

• Precious metals are the preferred hedge against inflation and the declining values of other assets including the dollar.

• Purchasing one 1000 ounce silver bar is more cost-effective and easier to manage than purchasing 1000 1-ounce silver bars, for example.

• Precious metals such as silver are a tangible asset and form an excellent foundation to any portfolio.

• Investment experts recommend a portfolio contain a minimum of 10% to 20% precious metals.

• 1000 Oz silver bullion bars have the lowest markup and do not have any of the numismatic premiums that silver bullion coins are saddled with.

• Industrial demand for silver is increasing in areas such as water purification and superconductivity, spurring rising prices.

Conclusion:

If you are looking for an outstanding way to store and grow wealth in a tangible asset, then you should know that 1000 Oz silver bars are the preferred choice of serious investors who recognize the investment opportunities that silver represents.

The outlook for making profits from owning silver continues to be excellent because demand is increasing and prices are continuing to rise. It’s no wonder that savvy investors are allocating significant percentages of their portfolios to precious metal assets like 1000 Oz silver bars.



Source by Chrissie Goldman

What to Look For In Coin Collecting: The Do’s and Don’ts of Coin Collecting

With so many hobbies one can choose from, coin collecting is one hobby that’s pursued by a lot of people. It’s also a hobby that takes some time for you to declare yourself a professional. The only thing to tell yourself is that it’s a hobby worth pursuing that’s why they call it the “Hobby of the Kings”.

When you want to pursue numismatics to make profits you should be prepare your self for hard work ahead. People who make money from collecting coins are full time in this industry and travel places looking for profitable coins. If you not prepared for that then its best you do this as a hobby.

To become a successful numismatist you have to get as much knowledge as you can about this hobby. Places where you can get information are newsletters, brokers, investment magazines and online articles like this one. The quicker you get the information the sooner you will start making a precious collection.

In order to succeed in this industry you have to be always researching more information.

To know the true value of a coin a beginner collector has to educate himself on how to grade coins. Getting knowledge on how to grade coins will help you in determining fake coins and prevent you from being scammed. You will also know how to value coins so you don’t buy worthless coins.

Collecting coins also trains one to be patient because collecting lot of coins can take years. So you have wait some time to reap the reward from collecting coins. But most definitely it’s worth the wait.

To be successful in numismatics requires you to start thinking like an investor. Make sure that the people you take advice from are a reliable source because getting the wrong advice will make you lose lots of money in buying priceless coins.

When starting out in this hobby requires you to have lots of money to invest. Not only do you need money to buy the coins but you also need it to buy numismatists equipment and have money to travel places in search of coins. Also stay up to date with market news because prices of coins can drop due to various reasons. This will help you be aware of the right time to buy valuable coins.

Just like any other hobby collecting coins needs you to give it time to excel. Just be on the look out for good deals and use a little common sense here and there and you will most definitely see good results from your new found hobby.



Source by Adam E Franklin

Advantages and Disadvantages of Buying Gold Bullion

Gold bullion is the measurement of the weight and brightness of gold. Gold bullion will help you to earn some good profit after investing money to buy gold bullion coins and bars. During economic crisis gold bullion coins give good result to consumers. If you probe, you will find that there are many well known businessmen including topmost celebrities who have strengthened their financial condition by dealing with pure gold coins. Basically, according to the experts, the value of un-circulated gem/gold coins is much higher than circulated coins. If your gold coins are free of scratches and dents, the quality of the coins will be assumed to be good. Prices will be automatically on the rise. For this reason, it will be better for you to collect un-circulated gold bars and coins for selling at justified price range.

Now there is another important area of concern. The positive aspect noticed when you wish to buy is that it checks or prevents inflation rates. It is seen that there can be a sudden decrease in the worthiness or value of paper currencies if the government orders mints to print excess dollars. Every dollar currency will bring less profit. However, compared to paper currency, gold bullion coins or currencies will not be devalued because the government prints gold currencies on the strength of the deposited gold bars in the repository. Basically, gold currencies are backed by deposited gold metal bars and coins.

If you wish to buy gold bullion bars and coins you should be well concerned about the authenticity of such dealers who sell genuine gold currencies. However, the concept of opting for gold standard currency also prevails. In this case, the government owns up the responsibility of printing limited number of gold currencies on the strength of the available gold coins and bars that are available in the vault. Now the problem is that there must be dearth of money as the government decides to release the limited number of currencies, which are backed by gold in vault. It will definitely produce negative impact on the economic infrastructure of the country.

There is another major drawback when you buy gold bullion. After comprehensive investigation, it has been found that gold billion prevents the higher authority of the government from framing new economic policies. During economic downtime, finance department takes the responsibility to print as many as currencies it can release and print. However, it is not possible in the case of gold standard system. The government is compelled to print currencies on the total number of gold bars/coins in the repository. If you check the historical records, you will find that gold bullion system performed well during World War I. During the industrial revolution also, which occurred in 19th century, this type of gold standard did a wonderful job.



Source by Kingster H