How To Buy Gold

Advantages of Gold Investment

Assistant Gold Coach — Fri, 10 Jul 2009 19:46:35 +0000

Reading time: 2 – 4 minutes

Gold investment has many advantages and for safety and liquidity the ancient metal of kings has always outshined and outperformed stocks and bonds. Of course, every type of investment is not perfect. But in comparison with equities investing such as stock and debt investing such as bonds, gold has the upper hand. It may not be the most obvious choice for neophyte investors, but gold is definitely the safest choice.

When choosing an investment, there are many factors to consider. Every investor has to make sure that the type of investment they choose fits their budget as well as other financial goals. Since most Americans prefer to get rich quickly, some try to get into the stock market with hopes of finding the next hot stock that they can profit quickly.

The stock market is known for giving high returns together with high risks. Stocks can become worthless. Gold is money and can never become worthless.

Though some people will clearly deny this; stock market investing is purely psychological and mostly speculative. This is the main reason why some stocks skyrocket to the top and some fall. And the investors on either side constantly try to beat the market.

And this is why gold is the best choice for any investor. For many thousands of years, and since the earliest recorded history, gold has always been used to protect wealth. And though many civilizations have passed, gold still holds true value today. Gold is one commodity that can help you preserve your capital.

Gold is an investment tool that is safe and durable to any external events that can drag the economy down. It can withstand the damaging effects of annual inflation and maintain your money’s worth for future use. In fact, that is why most governments use gold as a reserve to their fiat currency. FRN$, Euros, Yen, British Pounds, etc. can all become worthless; but gold is money and can never become worthless. Wars and economic depression cannot depreciate the value of gold investments.

Now, this makes gold perfect for maintaining wealth in an indefinite period of time. And as your money grows steadily the return of your investment is intact without having to worry.

And if you have ever wanted to keep your investment at home, or take it anywhere with you, then gold is the right choice. Since there are a lot of choices from gold bars, gold coins and even gold certificates, there are enough formats for you to choose from. This even makes it easier for ordinary investors to put their gold investment in a safe or deposit box at home.

Gold is a commodity that has started to diminish in supply. Through constant cutbacks in mining has caused this outcome, the effect was unavoidable. It will however raise the current prices of gold to even higher level as more people demand gold and there is less supply.

The demand will surely increase as time goes on, and further making gold the better investment option for anyone who desires to save their money for future use. You can buy gold from a trusted reputable gold dealer or through a third party storage service like GoldMoney.

Gold Uses – Common Uses Of Gold – The Uses For Gold – Use Of Gold

Assistant Gold Coach — Fri, 10 Jul 2009 18:29:48 +0000

Reading time: 4 – 6 minutes

GOLD USES – THE USES OF GOLD

The uses for gold been both common uses of gold and industrial uses of gold for thousands of years. The most common use of gold is money and throughout the world the gold price, like the silver prices or platinum price, are quoted. Gold uses as money, next to silver, has been unparalleled and a common ingredient in gold jewelry and gold decorative items.

Gold uses are divided into three main categories: (1) traditional or common uses of gold, (2) industrial uses of gold and (3) emerging technology. Why are there so many uses of gold? The uses for gold come from a variety of unique properties including strength, malleability, ductility and thermal ability. These properties make gold a valuable commodity in the world economy and are the reasons for gold mining and refining gold.

GOLD USES – COMMON USES FOR GOLD

The use of gold as money has taken place as currency and coinage for thousands of years. Gold coins and Gold bars are used as gold investment vehicles for investors desiring to protect their wealth and achieve financial growth.

Another of the uses of gold is fine jewelry. Gold’s fine luster finish and malleability make it a great choice. Pure gold is tarnish resistant but rather soft and so this use of gold is not very advisable. So, many goldsmiths combine pure gold with other metallic alloys for jewelry use.

Use of gold in photography is another secondary use. Gold-based photography is founded on light-striking silver crystals on a set of film. This produces a sharper image and is a cheaper alternative to the high cost of maintaining digital based photo images.

Other common uses of silver include electronics such as cell phones or laptops, medicinal uses for silver harnessing its anti-microbial or anti-biotic properties, dentistry such as gold fillings, mirrors, optics, clothing and etc. Gold uses are extremely wide and varied in the world economy.

GOLD USES – INDUSTRIAL USES OF GOLD

The melting point of gold is 1,947.52°F or 1,064.18°C and the boiling point of gold is 5,173°F or 2,856°C. There are many industrial uses of gold because of gold’s high tolerance for heat and gold’s electrical conductivity. For example, a use of gold is to coat the touch-sensitive switches and buttons in television sets, telephones, cell phones, toys and computer keyboards.

Another of the gold uses is with circuit boards in computers. Most motherboards contain gold. Compact disks and DVD’s are coated with gold for its high-glossy look and to help with information retrieval. Many batteries are manufactured using gold alloys. Though expensive gold cells are usually superior to alternatives.

GOLD USES – THE USES OF GOLD WITH EMERGING TECHNOLOGY

Important uses of gold are in the field of medicine. Several studies have shown that gold has anti-bacterial, anti-microbial and anti-biotic characteristics. For example, burn victims require a daily change of bandages. A use for gold is to line the inside the bandages prevent infection growth.

Another of the gold uses is with solar energy because gold paste is used in silicon photovoltaic cells to harness the sun’s energy. Gold is environmentally friendly.

CONCLUSION – USES FOR GOLD

The uses of gold in ordinary daily life are tremendous. There are common uses of gold ranging from cell phones to dentistry or industrial uses of gold such as televisions or circuitry. With new techniques and important uses for gold being developed every day the gold mining industry has consumers for their product. Because gold is money and the use of gold by the world economy these are only a few of many reasons to buy gold.

Advantages of Saving in Gold

Assistant Gold Coach — Fri, 10 Jul 2009 18:09:36 +0000

Reading time: 2 – 4 minutes

One of the most common methods for saving your money is gold. You could also deposit the currency which is a logical thing to do since banks are usually a safe place for your your hard earned cash. But your money, despite being held in a bank, is still susceptible to inflation, economic downturns, a bank failure and other events that can depreciate your currency’s value. Though most people are unaware of this, some smart individuals have taken a different approach for saving their money for the future.

Saving your money in gold is one method that has been employed by investors and fund managers all across the nation. For them, gold is better than stocks, bonds and mutual funds because of its durability against inflation and turbulent economic cycles. And unlike other investments that succumb to losses in value; gold has consistently performed throughout the last couple of years. In fact, its market value has increased to a rate of 180%. Though the value may sometimes fluctuate daily, its overall price trend is generally upwards and will continue to do so in the future.

And when you have decided to save in gold, all you need to do is browse through the Internet for a reputable gold dealer or use a third party like GoldMoney. Since there are a lot of reputable gold dealers online, you can easily choose and start to invest to save your money in gold.

Most gold dealers have a complete inventory that offers a wide range of gold products. From gold bars, gold coins and gold certificates, you can be sure to find the perfect investment format the fits your financial needs. And when it is time to cash in, you can easily sell you gold back to the dealer. It is that simple.

Saving in gold also means that you can keep your investment with you and at home. Since gold comes in different formats, you can choose to keep your gold bars or coins in a safe. This gives you more control on where to store your savings. By simply using a safe or a deposit box, you can be assured that your gold is in your hands.

Gold has been mostly overlooked as a saving option. But with people getting more knowledgeable in handling their finances, and with economic cycles affecting their money’s value, gold is emerging to be a better investment option to save their money for the future. So if you want your money to have a higher value in the future, then try to save your money in gold. There is no substitute for a better saving and investing option.

Gold As An Investment

Assistant Gold Coach — Fri, 10 Jul 2009 17:53:16 +0000

Reading time: 2 – 4 minutes

Should you make an investment in gold? A good investment has always been something that provides the best return on the capital investment with minimum risk for the investor. But finding the right kind of investment option is not an easy task given the list of choices in stock, bonds and foreign exchange markets. The constant demand for the right investment tool has always led many investors to dabble in any new thing that has growth returns.

Gold has always provided investors with a stable and liquid investment that can withstand any tremors delivered by unpredictable market movements and economic cycles. Gold is insurance for when everything else fails. Gold offers better options in preserving wealth than stocks or bonds because gold is money and can never become worthless. And with its current values rising over the last five years, about 300% measured in FRN$, this surely entices new investors to join the rest of the pack to further secure their wealth.

And with the continuous mining of gold each year, the supply of this precious metal is projected to decrease and drive the gold price upwards. This market movement will surely benefit those that have current investments in gold bullion and other gold-based formats. And with the demand for gold to likely increase in the following years, the preservation of wealth through this medium will be very favorable.

Investing in gold does offer more than just a steady investment tool that can withstand economic cycle. Gold’s main advantage is the ability to be physically and literally held by the investor in their hands. There are a lot of different kinds of gold investments available to those interested. From gold bullion, gold coins and gold certificates, this gives the investor more choices to get the right format that is perfect for their financial needs.

And purchasing gold as an investment is also easy compared to other financial investments. Unlike stocks and bonds where a third party broker is likely to be part of every transaction; with gold investments, the investor can purchase their gold bullion or gold coins directly from the dealer. This makes the preservation of wealth easier because the investor is involved first-hand in his investment. No longer do they have to worry about brokerage fees, transaction bills and other monthly maintenance dues that can consume their savings and ultimately lower their net worth.

Gold is the perfect investment tool for everyone. It is highly liquid, safe and stable. Be careful of fraudulent paper gold products like the GLD ETF. And buying your own gold is much easier just by browsing the Internet for online gold dealers or using a service like GoldMoney . And investors have used gold as the perfect investment tool to protect their money against inflation and turbulent economic cycles. And with its constant stable performance in comparison with stocks and bonds, this is the perfect investment tool for anyone.

What is Gold

Assistant Gold Coach — Fri, 10 Jul 2009 04:55:54 +0000

Reading time: 2 – 4 minutes

Since prehistoric times gold has been widely recognized as one of the most influential and highly valued metallic elements used by man. From jewelries to coins and other gold-based ornaments it has been used by civilizations as a symbol of wealth and prestige.

In its basic form, gold appears in rocks as nuggets or grains. It is soft and glossy with its trademark yellow color and is also ductile and malleable. And its uses are not only limited to decorative purposes. Gold is also used in different industries such as food and beverage, medicine, electronics, telecommunications and of course; gold is money.

On a scientific level, gold is listed on the periodic table of elements as Au with the atomic number 79. It is also categorized as a transition metal which can create trivalent and univalent cations upon reaching solvation. Gold is soluble in mercury and thus creating amalgam alloys. However, it is insoluble when immersed in mercury, leaving other metal alloys such as silver to separate itself. This method is clearly demonstrated in inquartation and parting.

Since it is one of the most malleable and ductile of all metals, a sheet of a square meter can be made from a single gram of gold. In fact, a gold leaf, with the right methods can be changed to a translucent sheet. This is why gold is the preferred metal when it comes to creating jewelries, as it is malleable and also not affected by natural corrosive elements that can tarnish other metals. Gold can also be used to create a lot of other metal by fusing it with other alloys.

Another characteristic of gold is its ability to conduct heat and electricity. It also has the ability to repel infrared radiation. But aside from its industrial uses, gold is also used as money and monetary currency. There are even digital gold currencies like GoldMoney that allow gold to circulate in ordinary daily transactions.

In most countries, gold was used as the standard for monetary exchange. But due to the rise and adoption of fiat currencies, gold has been mostly used as a monetary reserve and investment tool. During the First World War, the nations engaged in the conflict went on to use fractional gold standard. And this cause led to the inflation of the nation’s currencies that were used and inflated to finance their war. In the 20th century, Switzerland was the last country to use gold as its monetary standard. In 1999 it joined the IMF or International Monetary Fund.

Gold is usually measured by its purity in carats. Investors and collectors usually buy 24k or 22k gold, and one example is the Canadian Gold Maple Leaf coin. There other examples such American Gold Eagle, British Gold Sovereign and the South African Kruggerand and they are usually listed as 22 karats.

The mining of Gold and developments in modern technology has led to more consumption and usage of this metal. And as the supply of gold is projected to decrease in the future, the value of gold, as a commodity will definitely rise giving all collectors and investors something to look forward to.

Why Buy Gold

Assistant Gold Coach — Tue, 07 Jul 2009 03:07:44 +0000

Reading time: 2 – 4 minutes

Buying gold is something everyone should do. With the financial market scattered and crashing, with stocks, bonds, mutual funds and other investment vehicles becoming absolutely worthless and with all the accounting fraud it can be downright confusing to anyone who’s new to investing where they should put their money.

For example, many people talk about the stock market and all the growth potential that it offers but it is still largely influenced by the economic state of the country and also partly managed by investor’s hopes and fears in creating uptrends and downtrends. It is fair to say that day traders and other market movers can bring your investment value to zero largely because they manipulate the stock market. Just ask all the retirees of Enron, WorldCom, or a host of other companies.

Gold is money and can never become worthless.

And to make matters more complicated inflation rates keep climbing every year. With that fact, you can be sure that the dollar you have in your savings account will have less purchasing power in the future than than today. You can blame the devaluation on a lot of factors such as overprinting, government policy or the economy, but the fact of the matter is, your money loses its perceived value everyday.

What you need is an investment tool that can withstand any inflation attacks and turbulent economic swings that can occur every few years. Obviously, that leaves out the stock market and the savings account. The smart choice to make is by investing and buying gold. Gold can never become worthless and will always buy something.

Buying gold is the definitely the safest way to ensure that your money’s worth will not depreciate over time. And since gold is a rare and limited commodity your investment will likely appreciate for the next couple years enabling you to have a bigger return when its time to cash in.

But most importantly gold is insurance for when everything else fails.

Investing in gold also means that your money is hardly affected by the economy. Gold’s value has been steadily climbing during this decade. And it appears that its price will appreciate for years to come. This is certainly a far cry from other investment options such as the stock market where your money’s worth hangs by a thread every trading day.

Gold can easily be bought from reputable gold dealers online. Just by simply surfing through the net, you can find online dealers with 50 to 100 years of service to sell you gold for you investment. And with the different kinds of gold available you can choose from gold bars, gold coins, gold medallions, gold bullion and other various other formats. How much you are willing to invest will help identify that format which fits your needs.

When planning on buying gold, make sure to do the necessary research needed before buying. Make sure that your gold dealer has a solid reputation as a legitimate gold dealer. And as you decide the appropriate format of gold that will fit your budget, you can be sure that when the transaction is over, your investments and your net worth will be safe from inflation and other economic factors.

Gold Bars

Assistant Gold Coach — Tue, 07 Jul 2009 02:59:49 +0000

Reading time: 3 – 4 minutes

Increasing your money and your savings has always been looked upon as the domain of stock, bonds and mutual funds, as they are the most common investments known today. And due to Warren Buffet’s income of more than a billion dollars each year, many Americans are still entering the stock market with hopes of making a profit when its time to cash in for retirement.

But the stock market comes with numerous risks such as fluctuating price values everyday, sudden drops in the futures market and impending news of market crashes. And many that enter the stock market today think that a market crash is likely to happen. Well, as the old saying goes that those that do not know history are bound to repeat it. Anybody can be a loser in the stock market.

With that in mind, some people put their money in investments that provide greater security and a sound financial foundation. Well, for some smart investors, gold is their number one choice in securing their investments. Unlike stocks and other investments that are influenced by external factors, gold is rather steady. An ounce of gold is an ounce of gold.

Lately gold’s value has been climbing slowly but steadily as the fiat currency depreciates. Now, it may not entirely match the promises and high growth of a stock, but it can surely outlast them in long-term performance. At all times and in all circumstances gold remains money and will buy something.

One of the simplest formats that you can start on when investing is by purchasing gold bars. Gold bars provide a tangible and physical investment that is unlike stocks and bonds. As most investors know, investing nowadays can just involve a pen and a paper, and a couple of documents to sign. But with gold, you can actually and literally hold your investment in the palm of your hands. And the best thing of all is that you can take it home with you and store it in you private safe.

With Enron, WorldCom, Bear Stearns, AIG, Lehman Brothers, Washington Mutual and similar frauds where an investment becomes absolutely worthless it is comforting having a physical metal in your hand. Gold is insurance for when everything else fails.

When gold is minted, it is shaped in a blanket form. Then this gold “blanket” will be stamped and divided into pieces that eventually turn into gold bars.

Gold bars are valued by weight and purity. The heavier a gold bar is while retaining the same purity the higher the value. And one of the best things when investing in gold bars is its value in size. An amount of a million dollars can be just a tiny portion of gold; about 66 pounds at $950 per ounce. And with the world’s gold supply diminishing annually this will make gold even rarer and more expensive a commodity that will driver current prices higher.

So if you are serious about maintaining your wealth without ever having to worry about inflation and other economic factors, then gold is definitely the right direction to go to. Buying gold bars can be a good start towards better investing that offers a safer and more stable alternative to stocks, bonds and mutual funds

Investing in Gold Coins

Assistant Gold Coach — Tue, 07 Jul 2009 02:50:50 +0000

Reading time: 2 – 4 minutes

Gold is money and has been so for centuries. Gold coins have been used as a form of currency or as a collector’s item. Similar to other precious metals such as silver, gold is valued at a high price due to its limited supply nowadays.

The markings on gold coins with seals of governments have been in use since the time of the ancient Egyptians. Though they marked their coins with the images of their pharaohs, the coins were generally used as gifts and novelty items rather than as monetary currency. The first minting of coins is traced back to 700 BC where silver was initially used followed by gold. The Chinese also used gold coins as currency to expand their financial system between the 5th and 6th century BC. Gold is money.

However, it was not until the early 20th century that gold coins were supplanted as a form of monetary currency. The gold standard lasted until 1933, or 1971 depending on who you ask, by which time a lot of people were able to amass gold that ultimately sent other world economies to adopt other monetary standards.

Regrettably, as inflation continued to increase, the economies that were not using gold standard tried to control it. Gold coins were superseded by gold imitations that employed cheaper materials to purchase and print. While a lot of nations still develop some form of gold coins, nearly all coins are earmarked for collectors and precious metals dealers, and are seldom bought by the average person.

Unlike that valuation process of gold bullion, a gold coin’s values are based on a number of factors. Such factors are density, age, weight and the type of minting. This involves a meticulous process that makes gold investing similar to other high-profile investments such as stocks, bonds and mutual funds.

Gold bars are valued differently than gold coins. The bars are valued based on the weight and purity and usually not on historical features. Gold coins are investment alternatives that are a far cheaper option than buying solid gold bars or gold bullion. The coins are minted in specific sizes that correspond to their natural weight.

Of course, with the advancement of modern technology, there are also counterfeit gold coins being made and some are sold to new investors. The best way to make sure that the gold coins are original and authentic is to get them from a reputable gold dealer. Since most gold dealers have a wide range of precious metals in their inventory, you can be sure to find gold coins, gold bars and special edition coins that will fit your investment budget.

Investing in gold coins is a great start to get into the world of precious metals investing. It also gives you the chance to try it out with a small amount of capital before you commit a larger part of your money. And with gold as a stable and safer alternative to stocks and bonds, you can be sure that it is worth every penny when it time to cash in.

No longer do you have to worry about the fluctuating values and cycles of the stock market and the economy in general. Gold is money and will always be worth something.

What You Should Know About Gold Dealers

Assistant Gold Coach — Tue, 07 Jul 2009 02:44:18 +0000

Reading time: 3 – 4 minutes

With the turbulent economic cycles that constantly repeat every number of years, and a stock market that fluctuates every year on the value of investments, it is really hard for people to find a solid investment platform that can secure their money and wealth irregardless of economic and financial conditions.

Despite the news of financial bubbles and economic recession, most people still believe that investing in equities such as stocks or mutual funds or in debt such as bonds can still secure their net worth. But unbeknownst to these investors, the stock market and all financial vehicles that are dependent on it are exposed to economic downswing that can occur and be severe.

One sure way to protect yourself and your assets against rising inflation and turbulent economic cycles is to invest in gold. It has been said, time and time again, that investing in gold is the surest and safest way to maintain your wealth over a long period of time. The value of gold has been increasing steadily for decades and it will surely follow that positive trend for years to come.

But like most investments, gold must be bought from a reputable source. Similar to buying a car or any other vehicle, you should always make sure that the gold dealer has a solid reputation and provides their customers with the best possible service. And of course, no one wants to buy a counterfeit car, so this goes the same for gold. We all want the best products from the best source for a fair price.

The first thing you should check in a gold dealer is the length of service that they have. Some reputable gold dealers has been in the business for 50 to 100 years, that data alone will tell you that they are a trusted source. This is a good start to avoid all of the sprouting online dealers on the Internet. Some may even be fraudulent.

The next thing you want to look at is the amount of gold inventory they have. The inventory stocks will tell you the kind of dealer you are looking into. All legitimate dealers have enough inventories for all kinds of gold and precious metals transactions. If a dealer presents itself with a very good sales pitch, but has limited inventory, then they may be out to scam you for your money. Remember that good dealers have a long-standing history with their customers and will never use sales pitch or hype to attract customers. But even with a long-standing history you may find dealers in gold Monex to be a problem.

With the help of the Internet finding a reputable dealer is now easier than ever. By looking and browsing through search engines and forums, you are bound to find one that can cater to your investment needs. Most online dealers provide a list of gold prices and inventories so that any new customer knows exactly the amount needed to purchase gold bullion, gold coins, gold bars or other forms of gold investment. Buying gold is easy as long as it is done with a reputable dealer. Always make sure that your dealer is reputable and you do not have to worry that your investment will be legitimate once you decide to cash in.

The History of Gold

Assistant Gold Coach — Tue, 07 Jul 2009 02:36:27 +0000

Reading time: 2 – 4 minutes

Since prehistoric times, people have always been fascinated with gold. Its glowing and shiny yellow color has glittered its way into metal works, jewelries and monetary currency. It is widely known as a symbol of power, prestige and wealth that has endured for thousands of years. Gold, throughout history, is one of man’s greatest natural discovery, and without which, our society may be entirely different

Since the times of the ancient Egyptians, gold has been often been found in tombs of pharaohs and kings over the land. From gold coins to golden statues, gold has been used extensively to show the power and wealth of once great nations. The influence of gold can also be seen in the Bible. The story of Moses breaking the golden calf with the Ten Commandments tablet clearly shows the value on how early civilizations viewed gold.

Gold was also valued highly during the times of the Roman Empire. Even succeeding civilizations in Europe also prized this shiny yellow element. From gold plated armors, shields and other gold plated metal works, gold is the ultimate symbol of power, wealth and dominance throughout history.

During the 15th century, the quest to find gold led European travelers and explorers to circumnavigate the globe in search of treasures and gold deposits. It was also during these times when pirates started to loot merchant vessels of gold and other precious metals. The myths of treasure islands where vast amounts of gold treasure lay hidden definitely displays the effect of gold has in every course of history and human imagination.

And the search for gold continued in the United States during the 1840’s when the California gold rush was at its height. Every adventurous and aspiring American that had hopes of finding gold in California all went to join the pack to find gold all over the west coast area. This event alone made a lot of lucky Americans rich just by discovering and mining their very own gold nugget.

Today, gold is still highly valued. Since it is now considered a rare and limited commodity, gold’s price is expected to go higher. Despite the news that gold deposits all over the world are slowly vanishing and production is declining some individuals still take time to find streams and rivers that are connected to old gold mines and can lead them to pan out gold nuggets.

And it is no wonder that some individuals have taken it upon themselves to mine and pan gold in their local areas. Though some have started is as a hobby, most aspiring gold mines eventually turn their summer activity into a worthwhile business. And some have successful businesses in panning and refining gold.

Gold has a truly significant role in our society and in our world’s history. Its existence alone has greatly defined what and how luxury items are. From the jewelries and metal works of ancient Egypt to today’s gold bars and gold coins, this metallic element still has high value in the world. And even today’s gold investments are not far off from how people perceived gold years ago.

Gold Mining And Sluicing

Assistant Gold Coach — Tue, 07 Jul 2009 02:28:38 +0000

Reading time: 2 – 4 minutes

If you have ever heard about the California gold rush during the 1840’s then you probably know that a lot of people took big chances on going there to get rich with gold. Whenever people mention gold or gold coins, images of money, wealth and power comes into mind.

Well, gold has existed for thousands of years as a symbol of personal wealth. And that is why today there are still people that are traveling across the country and combing the lands for that elusive gold nugget that can make them rich. Gold mining is not just a business, but for some people, it is a profitable hobby as well.

Mining for gold involves a lot of different methods which if you learn them properly can really be a start of a good business. The first and simplest method is gold panning. This method uses a pan to sift away rock, other sediments and leave the gold nugget under the pan. Since gold is a metallic element it will sink to the bottom making it easier for you to spot it.

Gold panning is usually done in a river or a stream where there is a continuous flow of water. A good place to start panning is to find a water source that is next to a gold mine. Chances are, there will be some undiscovered gold nuggets that might be lying on the riverbed. The gold that you will get is called a slit and is usually slightly smaller than gold found in mines.

Another method of gold mining is sluicing. This method involves the use of water channels to flush out unwanted sediments and filter other materials. After this process, whatever is left behind is probably gold. This system is much easier to employ and is most likely to be fully automated. Sluicing is used by large-scale mining operations.

Of course, aside from the methods mentioned above, there is also hard rock mining. This type of mining requires drills and hammers to physically find and extract gold from the mine. As you would imagine, this method has produced most of the gold in the world today. This method is usually done manually but can be very profitable if done well with the proper mining equipment.

Another gold mining method is when gold is extracted as a byproduct together with other metals in silver and copper mines. Some sediments of gold are gathered in mines where silver and copper are the major metals found.

Once the gold is collected from the mines, it undergoes a procedure called cyanidation to filter it out from the carbon elements that are attached to it. Several chemicals such as hydrochloric and nitric acid are used to do this.

There are certainly a lot of different methods employed to find and extract gold from mines. And with the simplest method mentioned above, you can also join in to find gold in local mines or rivers in your area. There are still probably a lot undiscovered gold nuggets lying around and waiting for you to discover them.

Gold Investment – Savings Options

Assistant Gold Coach — Mon, 06 Jul 2009 19:26:10 +0000

Reading time: 2 – 4 minutes

Gold has long been known as a safe and stable investment tool used either as main vehicle to safeguard investor’s capital or in a portfolio used together with stock and bonds. The main advantage of gold is its ability to stand against the annual rates of inflation that continues to affect the nation’s buying power.

As one might probably know, gold is the safest and most liquid asset that one can own. Gold is money, can never become worthless and is insurance in case everything else fails.

And since gold can be bought from gold dealers online or through third party storage services like GoldMoney investors can easily start to handle their own investing ventures personally. This gives them more control over how to manage their money. Unlike stock investing, where investors rely on fundamental and technical analysts to project the future value of an investment, gold is predictable and easy to monitor even without professional help.

This control gives the investor more time to focus on their financial needs, as they no longer have to deal with third-party agents and brokerage firms, who may have conflicts of interest, to act on their behalf. Gold investors can do everything by themselves from analysis to the initial transaction. There is no other investment vehicle available outside precious metals investing that allow first-hand control for the investor this easily.

Saving in gold also opens many different formats that the investor can choose from. Since gold is malleable and ductile metal, it can be taken to form any shape such as gold bars, gold coins, gold medallions, gold bullion and many other formats. This wide range of choices gives investors more leverage in getting the right amount of gold that corresponds with their capital.

Another thing that makes gold such an easy commodity to invest in is its storage. Since gold bars and coins can be bought from banks and gold dealers, investors now have an option on where to keep their investments. The most common gold storage is done at home. This enables investors to save up on fees that are usually spent on maintaining deposit accounts and safety deposit boxes. And with the gold safely kept inside the home, it will be there when it is time to cash in.

Purchasing gold is easy. There are a lot of reputable online gold dealers that sell and offer gold on the Internet. You can also use a service like GoldMoney. Investors should do a background check on how long the dealer has been in service and their reputation. Most reputable dealers have a history of 50 to a hundred years, and these types will usually have better inventories and supply.

Investing and saving in gold provides investors with the best available package with more bang for their buck. And with gold as a stable investment, people will eventually gravitate towards this opportunity to safeguard their money will less risks.

Disadvantages of Saving in Gold

Assistant Gold Coach — Mon, 06 Jul 2009 17:54:50 +0000

Reading time: 2 – 4 minutes

With every investment available, there are bound to be pros and cons. Gold is no exception. And in the case of gold as a savings vehicle there are a few details you should know about.

Not every investment is perfect and there are risks to take in every endeavor. Most people are willing to forego those risks as long as they will make a profit or a higher return. What are some of the disadvantages of gold as a saving option?

Though gold may be an investment instrument that can withstand the effects of inflation, deflation and economic downswings, it still lacks the growth potential that some investment vehicles may provide. If high profits and returns are the objective, then stocks and mutual funds may perform better on an annual basis that gold.

Gold preserves capital but does not grow it. Gold is insurance for when everything else fails.

Aside from its slow growth potential, gold may be physically difficult to keep and manage. Although purchasing gold bars, gold bullion and gold coins can provide the investor with a literal hands-on approach to storing their investments, this is also the start of other unnecessary expenses that one has to worry about. Buying a safe is now a priority if one decides to keep the gold at home. If stored with a third party like GoldMoney then storage fees may be paid. Of course, this decision will cost more than just leaving it in a bank.

Gold bars and gold bullion are also physically bulky to transport. Unlike other paper based investments like stocks and bonds, gold may need special containers and bags to transport. Since its weight it heavy, putting it in an ordinary bag or purse may not exactly work. Again, this may raise expenses for the investor.

Personal and home security will also be an issue. Since gold is such a rare commodity these days, and its value continues to rise, anyone who gets information about gold in your home poses a security threat. Eventually, word may get out that gold bars or gold coins can be found at you home. The investor will have to deal with thieves and robbers that might attempt to enter your home and steal your gold.

Another problem with gold is with the gold dealers. Most of the gold that is sold by gold dealers may require paperwork and seals for them to be accepted by other buyers. This can complicate transactions if the gold in possession does not have the required paperwork, and even if gold is a liquid asset, it may be difficult to exchange back to currency. Lead bars painted gold is one of the oldest frauds.

Not all investment tools are right for every investor. The best way to figure out what works for you is to start by analyzing your financial goals. Only through this method can you decide if gold is the right investment tool that can satisfy your needs. Gold may be beneficial to some investors, but it also involves additional expenses to cover storage, transportation and security.

Gold Refining

Assistant Gold Coach — Mon, 06 Jul 2009 06:12:46 +0000

Reading time: 3 – 4 minutes

As the gold price rises some people wonder how to refine gold. Gold refining is a method of converting unrefined gold into a fungible and functional form. With this purification procedure, unwanted impurities and additional metallic elements are purified from the gold in order to increase its purity. This method is used most often for converting discarded gold and other metal alloys that can be used to be sold for profit.

Nevertheless, this operation is costly in terms of both time and money. If the individuals that do this are not trained properly costs rise extremely quickly. There are many companies that refine gold professionally but they can be costly.

The basic process that nearly everyone uses to refine gold in their home usually involves scrap items that they posses such as gold jewelry or gold plated objects. Refining gold can be very dangerous. What they usually do is immerse their gold jewelries and treat them in a chemical bath. This liquid is a mixture of hydrochloric acid and nitric acid. This process is rather easy as most would just leave their scrap gold items immersed in this solution for almost a whole day.

The next procedure in this gold refining operation is to remove the chemical solution and see what remains. Most of the time what should remain is gold, but there will also be other metallic elements and even stones to be found. Though the process involves acid, this solution is not strong enough to completely dissolve other metals. Once you have removed the chemical solution, the remaining metallic elements should be neutralized by uric acid.

Next, use Sodium Bi Sulfate to extract the gold of from the solution. If you have extracted the pure form gold then you can convert it into a single mold by heating and torching. Be sure to place it in water to let it cool down once you are finished. You have now completed your first gold refining process.

By the end of this process you should have created your first gold bullion piece. Before you keep or decide sell the gold bullion you should first let a qualified metallurgist or gemologist perform an assay, a test and grade of your gold bullion. This will let you know how much your gold bullion is worth. This process is called assaying. Once the value is determined you can now safely store your gold bullion in your own private safe until it’s time to cash in.

Gold refining is a time-consuming but potentially profitable activity. There is a satisfying feeling when you have created your first gold bullion at home. And most that have started to do this have access to gold scraps and other metal items. Some people buy gold scraps from others and perform all of the gold refining process at home. Some enterprising individuals have built entire businesses completely out of purchasing scrap gold, purifying it and selling it for profit.

This is a very good way to start your own home business. With a little bit of training and having the right materials and chemicals, gold refining at home is a perfect business opportunity for anyone with the determination to succeed.

Saving in Gold

Assistant Gold Coach — Sun, 05 Jul 2009 19:32:26 +0000

Reading time: 3 – 4 minutes

Just watch the current gold price and gold is a great investment and saving vehicle. One of the main objectives of investors is to maintain their wealth and lifestyles, without ever having to worry about inflation and other economic factors. As most smart investors know, leaving your hard earned money in a savings account is not the best option available. The annual rise of inflation regardless of how much the rates are, continually dissipate the buying power of your money leaving your money to have a lesser value in the future. And that is why most people have started to save their money in gold.

Gold is one of the most stable and liquid investments available in the financial market. Though it may be overshadowed by high-profile news of stocks, bonds, mutual funds and foreign exchange trading, it’s resilience and reliability far outshines most of the aforementioned investment tools. In fact, gold has been one of the used alternatives by most investors to diversify their investment portfolio.

Although stock investments may have higher projected returns by fundamental and other analysts, it is not shielded from fluctuating market movements, inflation and economic cycles. Stocks can become worthless; gold can never be worthless. And just like other investments options, stocks can devaluate easily in a day. A stock market crash can easily wipe out a lifetime’s worth of savings; a disaster which most investors would like to avoid as much as possible.

Gold, on the other hand, may not have higher growth returns like stocks, but it does have one trait that makes it the preferred investment tool of most smart investors. It is unaffected by outside factors such as wars, depression, inflation and other wealth damaging events that can occur. Your money is safe in gold. Gold is insurance for when everything else fails. Gold is money. And liquidity is not a problem.

Gold is a far better option that ordinary people are willing to take. Saving your money in gold does have a few perks as well. Unlike stock investing; your gold investment whether in gold bars, gold bullion or gold coins, can be personally kept at home. As long as it is placed in a safe or deposit box, your investment is accessible at anytime. And you can sleep soundly at night knowing that your gold investment is just a few feet away. You can also use a third-party storage service like GoldMoney if you do not want large amounts of gold bullion at home.

Aside from that, gold offers a lot of different formats to fit the needs of every investor. Those that have a large amount of capital can start buying gold bars and gold bullion to match the equivalent value of their money. While those that are inexperienced can start of by getting gold coins and gold medallions. And of all these types are available from reputable gold dealers online.

Saving your money does not have to be complicated with third parties such as brokers and analysts who may steal some of your money. What you need is an investment option that gives you more stability and liquidity in times of economic crisis.

Gold is the best saving option that you can trust your money in. And the best part of it all is you can start investing right now. Just by browsing on the Internet, there is a plethora of gold dealers to help you find the best type of gold that fits your financial needs. So start saving smartly by choosing gold.

Selling Gold

Assistant Gold Coach — Sat, 04 Jul 2009 07:07:45 +0000

Reading time: 3 – 4 minutes

The gold price and value of gold as an alternative method of securing personal wealth has risen dramatically over the last couple years. Since a large number of economists and investment analysts have forecasted the threats of inflation and effects economic depression, more and more people are finding gold as a better option to the existing investments such as stocks, mutual funds and bonds.

And though gold has received considerable attention from the media most people are still unaware of how much this investment can really help manage their savings for the long term.

Gold is a precious metal known for its use in jewelries, luxury items and as a monetary currency, and that is all that the majority knows about. Here are some basics on how to buy gold, refine existing gold-based items and eventually sell it for profit.

Just by watching the financial news daily, you will learn that the price of gold constantly changes everyday; this is a fact that is common with other investments. But gold, kept for a long time can reap huge benefits for the investor. It is the main reason why top hedge fund managers use gold as another alternate investment to diversify a portfolio. This brings security and stability into the picture.

As a new gold investor, your first task is to find a reputable gold dealer that has been in service for a great number of years. Since there are many scams scattered all over and most are just waiting for the helpless victim to buy counterfeit or unverified gold. The best way to gauge if such a dealer is reputable is by checking how long they have been in service. If the dealer has a history of service for more than 50 years, then they are a legitimate operation. But even with a long history they can still be a shady operation like Monex.

The next thing is to check their inventory on gold and the price that they are willing to sell it for. And since gold has different formats to choose from, such as gold bars and gold coins, you can be sure to find the best format that suits your needs. Also check and monitor the price of the gold when you buy it. This will help you if their values are reasonable and updated with the general market value.

The gold that you buy from a dealer can be stored at home in a personal safe. And when it is time to cash it in, they are more than willing to buy it back from you. Just make sure that by the time you sell it back to them, you will have a substantial return from your investment.

Aside from buying from gold dealers, another option is to start looking for scrap gold at home. If you apparently have some scrap gold or jewelries lying at home that can be refined, you can have a dealer to verify its quality and eventually sell it to them. This is can be a great way to have some profit without spending large amounts of money.

Gold as an investment is a good way to keep your money’s worth for future use. But investing in gold does not mean that you have to wait for a long time to get profits. By refining scrap gold or other gold-based items, you can instantly make money without every spending for a gold bar or gold coin. By following the mentioned tips in this article, you can really make some money by selling gold. And with world’s gold supply decreasing every year, your gold’s value is sure to increase.

Gold Mining

Assistant Gold Coach — Fri, 03 Jul 2009 17:05:21 +0000

Reading time: 2 – 4 minutes

Mention the spot gold price or the word gold, or gold mines can conjure up images of riches, wealth and power. There is no other precious metal, as of modern times, that can match the impact of gold in the world. From ancient civilizations and even to the 1949 gold rush in California, the search for gold in mines and even the most unlikely places still brings out a sense of adventure and luck to those willing to spend the time in search of this valued metallic element.

Well, those days of looking and searching for gold still continues to this day. Though these activities may not receive mainstream media attention some people still travel across the country and world in search of the ancient metal of kings. With hopes of striking it rich by discovering a gold nugget by panning in rivers to entering abandoned gold mines, dreams of wealth still saturate the minds of these adventurous individuals.

The value of a single gold nugget is said to be from a hundreds to thousands of dollars. It is no wonder that people still flock to find one in gold mines all across the world. Some have started to do this as a hobby or a weekend activity.

And with modern technology to assist aspiring gold diggers. There are now dedicated websites that provides guides and maps where gold is most likely to be found. So anyone can just download the information off the Internet, pack their equipment and join the rest of the gang for the search for gold.

It is such a different situation during the old days when you had to do everything manually and may end up at the wrong place. These guides have made the search for gold easy and accessible to anyone with a computer and a decent Internet connection.

And once the gold map is printed out, similar to a treasure hunt, you can simply start looking for gold. But of course, when looking for gold, you will still need to learn the basics of panning and other extraction techniques so that you can easily identify which is gold and other materials.

Panning for gold needs the use of a sifter tool to separate the elements from the rock. Using a metal detector is also another way to locate gold in a certain area, though this equipment can also detect other metals, it can rather point you in the right direction when skimming a gold mine.

Gold panning is also a great way to travel all across the country. Not only can you search for gold at different places, but also, this experience lets you relive the past adventures of our forefathers during the gold rush, and you may even earn a profit afterwards. Although, there is probably not much gold left in some mines, there is still a slim chance that you might discover an area where gold is abundant. This discovery can really make you rich in an instant, and if nothing else, can qualify you as a true gold miner

Disadvantages of Gold Investments

Assistant Gold Coach — Wed, 10 Jun 2009 17:36:04 +0000

Reading time: 3 – 4 minutes

The current gold price and gold investing can offer investors more control on how to handle their money. And as much as there are advantages to this type of investment, there are some negatives that should be noted.

Those investors that seek high returns from their invested capital may be better off with stocks and mutual funds. Gold preserves capital but does not increase it. All investment tools are driven by the market sentiment which can eventually affect the value and price of the traded stocks, and thus driving the trend upwards to a bull market. Because stocks are such a huge market this is a reason why equities are still the preferred choice of traders and investors.

Gold on the other hand preserves capital and does not grow it. Most investors want their money to make money and not just sit in a vault. Gold’s value rises and falls depending on the demand. And though gold is noted for its security against inflation, the invested capital may not have higher amount than expected.

Another problem with gold is its storage. Unlike a typical investment where the broker handles stocks and bond’s safekeeping, the investor physically keeps the gold. This means that the investor has to purchase the necessary equipment such as a safe or a deposit box for home use, in order to store the gold. There is also the risk of theft or even a Monex fraud. If a third party like GoldMoney is used then storage fees may be charged.

Of course, this type of gold investment storage opens all doors for burglars and thieves to take an interest in entering your home. Any hint that gold bullion or coins are in your home can be enticing for criminals. This affects not only your safety but your family as well. This is certainly one risk that you should try to avoid.

Transporting very large amounts of gold can also be a problem for investor because of the weight and the bulk. Large gold bars or bullion cannot easily be carried in a purse or bag. For example, a 1 ounce gold coin is worth about $1,000. If you are moving large amounts, like a 400 ounce LBMA bar worth about $400,000 then it would weigh about 28 pounds. This may hinder you from making transactions that involve commuting from one place to another.

Choosing the right format of gold can also be a problem. Sometimes it is rather simple to have one investment format to choose from. Stock investors will not have a problem in keeping stock certificates of ownership since most are either electronic or in paper form. Gold has a plethora of options that can sometimes be confusing for the investor. Having many options does not simplify investing. It may be better if there is one format, like stocks, that people can choose from.

Investing in gold may not actually be the perfect choice for some. If you prefer high-returns in your investments, then gold is not for you. Not every investment is perfect, and though the hype about gold protecting your capital is true, factors such as your personal safety, storage fees, etc. play an important role in taking this risk.

Buying Gold

Gold Coach — Wed, 11 Feb 2009 01:38:49 +0000

Reading time: < 1 minute

The best way to start investing is to know the gold prices and buy gold coins. This is cheaper and the easiest option. For more experienced investors with large amounts of money to spare, purchasing gold bullion from a major coin dealer like Apmex or GoldMoney. Avoid the rotten apples like Monex. This is a comprehensive overview on how to buy gold or silver.

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