Archive for the ‘Coin’ tag

13 Things I Bet You Didn’t Know About Gold!

1. Gold and copper were the first two precious metals to be discovered. They were discovered in 5000BC.

2. The production of gold is minimal. Since ancient times, more steel is produced per hour than gold.

3. Gold will not cause skin irritations. So if you are getting a rash from your gold necklace, it is most likely because it is not 100% Gold.

4. Prior to 1912 Olympic gold medals were pure gold. Currently they are not made of pure gold and haven’t been since 1912.

5. Gold melts when it reaches a temperature of 1064.43 centigrade.

6. Scientists believed that almost 80% of the world’s gold is still hidden underground.

7. The largest gold nugget ever found was found by John Deason and Richard Oates of Australia in 1869. The gold nugget weighed an astounding 2248 ounces and it was 10 by 25 inches. The nugget was found only two inches below the earth’s surface.

8. Many believe that gold is an excellent treatment for rheumatoid arthritis. Patients started using it as a treatment after a medical study in France was done in the twentieth century.

9. Gold is edible (although we don’t advise eating large quanties!) and often gold leafs are put in bottles of liquor.

10. A one-ounce gold nugget is harder to find than a five-carat diamond.

11. Within every cubic mile of seawater, it is believed that 25 tons of gold can be found. It is also believed that 10 billion tons of gold can be found in the oceans.

12. Most computers, televisions, cell phones, and other electronic items contain gold.

13. A carat was actually a unit of weight based on the carob bean. It was used by the Middle East’s ancient merchants.

Product Of The Month – BABE RUTH 24K GOLD PLATED COLLECTIBLE COIN

Lifetime Statistics Coin
Great Collector’s Item
Original Retail price $19.95 each

This item has been masterfully minted. It is a unique piece that is sure to impress anyone who sees it. It makes the perfect gift and is a wonderful item for any collector!

BABE RUTH VERY RARE COLLECTIBLE COIN – IN A PRESENTATION CASE
A True collectors item made with pride in the United States by CMG.
Support American Workers Who Make All American Products!!

George Herman Ruth (February 6, 1895 – August 16, 1948), better known as “Babe” Ruth, also commonly known by the nicknames “The Bambino” and “The Sultan of Swat”, was an American baseball player and a national icon. Consistently chosen as the greatest baseball player in history, his home run hitting exploits and titanic appetite for living made him one of the representative figures of the Roaring Twenties. He was one of the first five players elected to the Baseball Hall of Fame, and he was the first player to hit over 30, 40 and 50 home runs in one season. His record of 60 home runs in the 1927 season stood for 34 years until it was broken by Roger Maris with 61 home runs in 1961. He was a member of the original American League All-Star team in 1933. In 1969, Ruth was named baseball’s Greatest Player Ever in a ballot commemorating the 100th anniversary of professional baseball. In 1998, The Sporting News named Ruth as Number One in its list of “Baseball’s 100 Greatest Players” In 1999, Ruth was elected to the Major League Baseball All-Century Team in fan balloting…….

THE SIZE OF THIS REMARKABLE COIN IS 3.5 mm , ABOUT 1.5 in

Gordon Lightfoot – Sundown

The Ultimate Treasure: Gold

All over the world since ancient civilizations, there is one currency that has been treasured throughout history: gold. It’s limited supply means that those who have it, carry the valuable unbreakable material that can be exchanged for money anywhere.

Gold is a sign of wealth and prosperity today. It is cherished in jewelry, coins, and solid gold blocks. It is said that gold is a good investment because the value stays the same and it is an understood currency around the world. In fact, many people around the world are starting to collect gold coins because they are becoming rarer and rarer. These gold coins can be sold for a higher price than the face value of the coin itself. Nowadays, you can even buy and sell coins as a business.

When turned into jewelry, gold can be worth even more because of the artistic value that was put into it. Not to mention that it is a beautiful addition to an evening outfit or a gift to a special person.
Gold is also a great fallback in case of any financial crisis. It can be easily exchanged at any pawnshop or sold for a decent amount.

This collector’s item goes back way into the history books. El Dorado in South America was known as the “City of Gold” to Spanish conquistadors. Other civilizations like the Egyptians wore gold for beauty back in the day. The Gold Rush was the later American counterpart that drove people in search for it.
Ultimately, gold stands the test of time in value, influence, and culture. It is a symbol of wealth but also makes for a good investment in this day and age.

Video: Option Action: Gold

PRECIOUS METALS: Rally In New York On Sharply Weaker Dollar

Article clipping via Wall Street Journal

NEW YORK (Dow Jones)–Gold futures rallied Friday on a sharply weakening U.S. dollar as participants bought back previously sold positions.  December gold rose $18.50, or nearly 2%, to settle at $955.80 an ounce on the Comex division of the New York Mercantile Exchange.  “It’s definitely about the buck,” said Frank Lesh, broker and futures analyst with FuturePath Trading.  The ICE Futures U.S. dollar index hit its lowest point since December.  “That new low in the dollar is the big driver here,” Lesh said.

Gold is often bought as an alternative currency to hedge against greenback weakness. The dollar fell as the euro and other higher-yielding currencies benefited from resilient stocks and the stronger Chicago purchasing managers’ index. At the same time, worrisome signs in second-quarter gross domestic product underscored calls for a different safe haven than the dollar.  “The dollar’s getting creamed right now,” said Patrick Donnelly, a broker with Peak Trading Group.

Technical purchasing also was supporting gold as buy stops were triggered, Donnelly said.  “We hit some stops,” said Andrew Montano, director of precious metals at Scotia Mocatta. “It’s short-covering mostly.”  Silver futures gained with gold as the U.S. dollar tanked, Lesh said. Comex September silver rose 45.5 cents to settle at $13.940 an ounce.