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What is Gold? Different Ways to Invest in Gold
 

What is Gold?

For centuries now gold is the most-sought after of all the precious metals and has been the foundation of mankind’s monetary system. It has always been an influenced and has massive significance in the lives of people. A symbol of power, wealth and prosperity, it has been used for good and bad causes in the course of the world’s history. It has also fascinated a lot of cultures that the desire for this precious metal has led to the progressive development of many cultures. The exact period of gold’s discovery has been a subject of dispute, though it became hugely popular when it was discovered in California in 1849 that [...]

Different Ways to Invest in Gold

Out of the four known precious metals that are considered good investment commodities, gold is the most popular; hence, you can find a lot of ways to start your own gold investment portfolio. This is also a good protection against financial crises such as social unrest, economic and political instability. When it comes to gold investment, there are six ways that you can choose from. These would typically include the buying of gold coins and gold bars, opening a gold account, owning certificate, and trading in gold exchange traded funds or GETFs and entering contract for difference (CFD). Buying gold coins is the most popular gold investment options today since [...]

How to Trade in Bullion

25 October 2011

Bullion is defined as a mass of any one of the known precious metals, though it is commonly made of either gold or silver. Another important thing to note is the fact that its value is not determined by its face value as money or its artificial currency value, but on the mass and purity of the metal used. Precious metals fetched significant values due to their rarity; hence, the rarer the metal, the higher its price or value. However, the discovery of new sources for ores and the modern improvements in the mining and refining processes have diminished the value of gold or silver bullion; while others attribute this [...]

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The Importance of Silver

25 October 2011

Classified by chemists as both a transition metal and a precious metal, silver has many uses. As a precious metal, it may not be abundant in the earth’s crust but it is very attractive like gold and chemically active as well. These properties make it a desirable metal to be used in coins, jewelry and art. Just like gold, silver has been used by humans for hundred of years. Occurring as a free element in nature, it can be extracted from its ore very easily. In modern applications, its most important use is in the field of photography where three of its compounds including silver chloride (AgCL), silver iodide (AGI), [...]

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Different Ways of Investing in Silver

25 October 2011

When it comes to silver investment, silver can hold a candle like three of its sisters in the precious metal category like platinum, palladium, and gold as an investment commodity. For over centuries now, silver has been widely regarded as a store of value and a form of currency in many countries. For those who want to go into silver investment, your options may include buying silver coins and silver bullion bars, opening a silver account, owning silver certificate, trading in Exchange Traded Funds(ETFs) and entering into a Contract for Difference (CFD), just as what you would do in your gold investment. Buying silver coins is a good silver investment [...]

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How to Invest in Gold and Silver Coins

25 October 2011

Gold and silver are both rare and have high economic values and among the precious metals, these two were the only ones that were use for traditional coinage. Naturally occurring in nature in their metallic form, they can be produced with the need for extraction metallurgy making them both suitable to be used as coins. Other properties of gold and silver that made them unique include their excellent luster; higher melting points compared with other elements, not radioactive and less reactive, and have high ductility property. However, it is their high ductility property that made them easily damaged as coins for circulation. It is for this reason that gold and [...]

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What is Krugerrand?

25 October 2011

Of all the known bullion coins in the world, the Krugerrand holds the distinction of being the most popular. There are 33 known bullion coin in the world; and of these, 5 are made of platinum, 18 of gold, 9 of silver, and only 1 from palladium. The Krugerrand is the South African gold bullion, which was circulated in 1967 by the South African Mint Company as the country’s currency. It was seen as the best way to market South African gold around the world due to its status as a legal tender. Ever since its first circulation, this precious metal coin has now accounted for about 99% of the [...]

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The Three Standards Used for Gold

25 October 2011

What is the gold standard? This was defined as a monetary system where the unit of currency is used to determine the fixed quantity or weight of gold. Using this method, investors, traders and bankers alike will find it easier to convert all forms of money including bank deposits and bank notes into gold at a fixed price. Three known types of gold standard are being used today, which have been adopted since the early 1700s. These include the gold specie standard, gold exchange and the gold bullion standards with a main purpose of producing a currency of stable value. The gold specie standard is the gold standard used for [...]

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