By financen | September 30, 2019 - 6:06 pm - Posted in Gold, Investing

Gold has always been a valuable metal and a means for measuring wealth. In the past, gold found its way in the necks of Egyptian queens and the exchanging hands of merchants. It has always been a sign of wealth, and a valuable asset to own.

Nowadays, the price of gold is dependent on its weight, and it has recently seen an upwards increase in value after a period of stagnation. Popular investment news outlets have predicted that the price of gold will continue to rise with the inflating economy.

Defining Gold as a Metal

Gold is one of the metals in the periodic table whose founder is unknown. It is a chemical element that is mostly inert, which means that it doesn’t decay or tarnish. It alloys well with other metals, so it’s easy to transform into sheets or wires.

It’s a rare element that can only be found in mines and cannot be produced artificially. South Africa used to be the world’s largest gold supplier, but now China and Australia have taken on that role.

Gold has always been a precious metal to civilization, and it remains essential in various industries today. Gold’s relevance to the modern world contributes to its steady demand, and it’s unlikely that the price of gold will severely drop soon.

The Use of Gold Today

One of the most important industries that rely on gold’s inert property is the technology category. As gold doesn’t tarnish or corrode, it finds use as a capable conductor for solid-state electronic devices. This means that gold plays a role in speeding up the transfer of information within devices. As a result, you can find small amounts of gold in almost all electronics, including phones, laptops, and GPS units.

Perhaps the most popular use of gold is in the creation of jewelry. About 78% of the world’s gold finds its way to jewelry shops and metals myths around the globe. Gold has always been a staple for jewelry-making because it doesn’t tarnish and can withstand generations of use. Therefore, it can be passed on to generations as a precious heirloom.

It’s especially prevalent in countries like India, where superstitions connected to gold motivate the purchase of jewelry. The price of gold in India also tends to be lower, as there is a massive demand for the metal even in less affluent communities.

Apart from these, gold is also widely used in the dental and aerospace fields. A trend among all these industries is that they seek gold for its physical properties. The inertness of a robust and easily alloyed metal is a unique quality of gold, making it incredibly valuable.

Should You Invest in Gold

Nowadays, a large percentage of wealth portfolios comprise of stocks and bonds. The popularity of cryptocurrency has also contributed to a shift in online investments. However, some don’t trust the lack of security in intangible investments. Therefore, these individuals have turned to gold for a sense of asset security.

As gold doesn’t involve being in a shared bond and is virtually zero interest, it maintains popularity, especially among traditional investors. Although the price of gold fluctuates, there’s current potential in investing in gold as the economy seems favorable to its inflation.

Consequently, if you’ve been thinking about it, now’s a great time to invest in gold.

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By financen | September 29, 2014 - 3:54 pm - Posted in Gold, Silver

If you watch television on a regular basis, you probably see those commercials for gold and silver dealers. The commercials tell you that you can make money when you send your old and broken jewelry and damaged coins. The commercials don’t tell you that you’ll only get a fraction of what those items are actually worth. Choosing the right products can help you make money buying and selling precious metalsgold-and-silver

  • Buying the Right Products

That new diamond ring that you buy for your significant other drops substantially in value once you take it out of the store. The same is not true of gold and silver bullion. The value on those items fluctuates based on market conditions, but you’ll often find that your items are worth more than you paid. Instead of wasting money on jewelry, which dealers will melt down to remove any worthless metals, invest in gold coins, bars and bullion. You can also find these pieces available in silver, platinum and palladium.

  • Selling Your Metals

The price of gold more than doubled in just a few short years. Unlike stocks and bonds that tend to fluctuate quite a bit based on what people want, gold and other types of metals will always have a high value. When you invest in gold and other metals, you can sell those pieces to dealers, other buyers or even trade for other types of metal. Buying in gold is something that will never go out of style and always give you money in your pocket.

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By financen | May 21, 2014 - 6:29 pm - Posted in Gold

RBIRestriction on Gold Import has been eased by The Reserve Bank of Indian (RBI) on Wednesday. Last year the restriction were imposed to block the rise of the current account deficit of India. “Star trading houses”, private jewellery exporters have been allowed by RBI to import gold with immediate effect. Gold

In 2013, Gold import duty were raised from 4 percent to 10 percent and also there was the restriction of exporting 20 percent of the imported gold to be exported. This is also known as 80:20 rule.

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By financen | April 30, 2012 - 3:05 am - Posted in Gold

In today’s world, it is important to have enough knowledge about buying gold bullion. This is said to be one of the best gold of its kind. There are many choices available in the market. Mints will offers them as gold bars and coins. When you are buying gold, buy it in good quantity. It is a bad idea to buy in small quantities because it will cost more. The price of the gold bars varies because of the packaging, profit margin of the mint, and also because of the certification.

Gold bullion comes in various types, weights, and sizes. Some of the gold bullions weigh one gram and its worth a few dollars. There are others that weigh from 10 ounces, one hundred ounces, one thousand kilograms, and the traditional four hundred ounces which is often used by the large companies.

Price of the gold bullion and its premium keeps on changing in the everyday market. There is a larger premium for smaller coins and bars.

Gold bullion that comes in large sizes are the best ones to buy. This is because when you buy gold that is large in size, you are more close to its real value. Ultimately, we all want the best deal when are buying gold. When you buy gold in large bars, the margin can be lowered to just 1% to 2%. Other factors that increase the price of gold bullion is transportation costs and the storage fees. Usually, large gold bars are kept in bank vaults for security reasons.

When you are looking to purchase gold, make sure that you review your budget. You should also have enough education on gold investment so that you have an idea on what to purchase. This way, you will not get tricked into buying a fake product. You should also check out with different mints and dealers for reviewing the price and quality. It is best to widen your options before making a purchase.

It is a good idea to purchase gold from an established mint or dealer who has a physical address. Purchasing gold from on line websites is not recommended. You should be able to touch the product and review it before it is actually purchased.

You also need to be aware of the gold prices before visiting a mint or a dealer. When you purchase a bar, make sure that it is within your budget and that you have bought it at the best price.

Gold bullion is normally sold with a certificate. You can resell the product at a later stage when its value increases over the period of time.

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