Archive for the ‘Gold’ tag

Learn About Gold From Ali Velshi

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Via CNN – Bogle Gold is not an investment at all!

Is It Time To Jump Off The Gold Train?

Gold just dropped its value more than it has in three years according to Bloomberg. We’re no longer in a recession and a new stimulus package has the rumor-mills abuzz. Plus, it’s clear that the American dollar is saying put as a global standard for currency. I still feel that gold is still a commodity worth keeping, but I no longer believe it is one that will continue to rise at the rapid rates for which it has been rising.

The Demise Of The Dollar Is Greatly Exaggerated

The value of gold and silver has been on a downward slide all week. Actually, silver has been losing value at a pace not seen in the last 10 years. And while the value of gold and silver have been on the decline, the value of the dollar has been increasing. Don’t get me wrong, we still feel like gold is an excellent long term investment, but we can’t stress how important it is to keep your portfolio diversified. And my advice for those of you stocking up on gold in anticipation of the collapse of the dollar would be to keep some greenbacks around. The dollar has been around for a long time. It is highly sought-after throughout the world and is the most powerful form of currency in the world. It is not going anywhere anytime soon.

Unbelievable Find! 650 Year Old Buried Treasure Found In Mans Backyard

Well this doesn’t happen every day – at least not to this extent. A man found a buried treasure as he is digging through his backyard to expand a small pond. The discovery happened in Wiener Neustadt, Austria and the man is only known as Andreas K. Andres found an unheard of amount of centuries-old jewelry along with other precious objects. All-in all the treasure contained hundreds of jewels containing gold, silver, pearls and diamonds. The jewels in this find are said to be 650 years old!

So far all of the details have not been released as the treasure is still being evaluated. Though, experts believe the value of this treasure could be in the hundreds of thousands of dollars. Aside from the monetary value, the historical significance of this medieval treasure could contain answers to many previously unanswered questions.

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

FDR Ends Gold Standard in 1933 – Will Gold Standard Be Back?

With all the talk lately concerning the collapse of the US dollar and possibility the return of the Gold Standard we though this video would be fitting. The fear of the collapse of the US dollar is nothing new, but it is certainly has been more publicized lately. You can’t visit a news/financial website without seeing a story on the collapse. Even though we don’t know for sure if the dollar will collapse or not, we do believe it is always a good idea to keep about 15% of your assets in gold and silver.

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.

Successful Gold Panning For Nuggets

Gold Panning? Yes you heard right. There are still people who pan for gold and actually find gold by doing so. Recreational gold panning is a hobby for some, but others take it more seriously often finding enough gold to make a living. Panning for gold can be done wherever there is a river with a gravel bottom. These rivers are known as gold bearing streams and may contain gold. Gold panning gets its name from the pan that is used to find the gold.

How it’s done:

Once you’re at a known gold bearing stream, scoop gravel from the bottom of the river until your pan is about ¾’s full. Then swirl the gravel until the mud and clay leaves the pan. Now you should have a smaller concentrate of sand and gravel in your pan.

Dip and swirl the bottom of the pan under the water to siphon out the rest of the gravel. Now you should be left with the heavier material at the bottom. Take the pan out of the water and check for gold. You can use a magnet to pull out any gold nuggets, sediments and pieces.

The Prospecting Pan

A gold panning pan can be made out of many materials as long as they are strong enough for the job. This includes wood, steel, plastic and metal. The plastic pans are most used because of their lightweight and resistance to rust and corrosion. Plastic pans may also be painted black so that gold nuggets are seen easier.

Complete Gold panning kits can also be purchased at very reasonable prices. We have included a link to our personal favorite gold panning kit below.

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