GMRgold Blog

The Gold Digger – Gold vs. Equities

Imagine a casino full of slot machines that all guarantee a constant high return. All you need to do is to put in a bit of money and you will get an incredible income stream for life. Well, this is exactly what the stock market is...

GMRgold's Precious Metals Week in Review - April 24, 2022

Someone rang the alarm bells alerting institutional investors that Gold was about to take out the key psychological and resistance level of $2,000.00 per ounce resulting in punishing defeat for Gold Bugs last week.

Coin Grading 101

When collecting or investing in Numismatic Coins, the considerations for price include mintage, population, and condition. With the major grading services offering population reports, this helped additionally in determining the true existence of specific issues. For the large part, pricing is graduated based on the number of coins per grade.

GMRgold's Precious Metals Week in Review - April 3, 2022

Gold continues to be locked in a tight trading range proving support at the $1,900.00 level and resistance at $1,950.00. Starting the week at $1,933.00 and finishing at $1,925.00. Clearly all of the current geo-political and financial news is priced into the markets and we simply await the next headline that institutional traders seek to leg up or leg down their positions.

The Gold Digger – Transitory Inflation

Anyone who has ventured from their Covid sanctuary to buy groceries, peruse a big box retailer, filled a fuel tank or update the closet, surely was not surprised by the announcement this morning that inflation has once again ticked up.

The Gold Digger – Recession Fears and Precious Metals

A recession is when your neighbor loses his house. A depression is when you lose your house. This old adage, while recited tongue in cheek, speaks to the awareness of economic situations occurring around us. There is a multitude of distractions currently to keep our attention away from the most important headline that is missing from the front page of the newspapers.

GMRgold's Precious Metals Week in Review - March 20, 2022

Gold traded in a tight range between $1,926.00 and $1,952.00 per ounce on the spot market last week. It would appear that the Ukrainian War is priced into the yellow metal.

GMRgold's Precious Metals Week in Review - March 13, 2022

Gold took the markets on a roller coaster ride last week with prices ranging from a high of $2,060.00 per ounce to a low of $1,950.00 causing independent investors to re-think their positions. Stand firm!

GMRgold's Precious Metals Week in Review - March 6, 2022

The war in Ukraine continues to dominate the headlines and drive markets across the board. Gold is now threatening to topple the all time high while knocking on the $2,000.00 per ounce door.

GMRgold's Precious Metals Week in Review - February 27, 2022

Gold Investors must have felt like Dallas Cowboy fans entering the playoffs last week as gold looked like it would head to the moon only to fall back to the comfort of its most recent foothold. After threatening the $2,000.00 per ounce spot price, Gold retreated to its safe zone near the $1,900.00 level that it has now set as the new level of support.

GMRgold's Precious Metals Week in Review - February 20, 2022

Week Ending February 20, 2022 | Gold added to the belief that this current strength in the spot market price is not just a “fluke run” but a firm “leg up”. Spending tireless months battling against the $1,800.00 level of resistance, gold took up residence in a new neighborhood well above that key psychological level.

GMRgold’s Precious Metals Week in Review - February 13, 2022

Week Ending February 13, 2022 | There is reason for optimism in the gold sector with spot prices bumping $1,900.00/ounce up nearly $100 since the beginning of 2022. If the trend continues, the psychological level of $2,000.00 could be breached within 6 – 8 weeks.

GMRgold’s Precious Metals Week in Review - February 6, 2022

Week Ending February 6, 2022 | Gold began the frigid month of February much like the Winter Storm that swept across the nation from Texas to Maine. FROZEN! Stuck in a tight range between $1,796.00/oz and $1,811.00/oz all week.

GMRgold’s Precious Metals Week in Review - January 30, 2022

Week Ending January 30, 2022 | Gold started the week well over $1,800 reaching a high during the week of $1,851.00 only to succumb to the bears and institutional investors who still are holding on to naked shorts by ending the week at $1,782.00.

GMRgold's Precious Metals Week in Review

Week Ending January 8, 2022 | There is still huge resistance at the $1,800.00 per ounce of gold level through the first full week of 2022. Expect a tight range of trading +/-$50 of this critical technical barrier until the large institutional investors have cleared their naked short positions and whomever wants the US Dollar to appear stronger than it actually is pulls the curtain back for the world to see.

GMRgold’s Precious Metals Week in Review

Week Ending January 1, 2022 | It is apparent that the Bears took a more extended vacation than the Bulls as is evident with the moves in Gold over the Holiday week. With the battle line firmly drawn at the psychological level of $1,800.00 per ounce for months, the yellow metal managed to close above this milestone each of the five trading days the last week of the year, only to find its way back to $1,799.52 on the first day of business in 2022.

Choosing the Right Gold Coin

If you go out in the market to purchase gold coins, you will realize that there are hundreds of options to choose from. While they are all made of gold, not all might be right or suitable for you. This is why it is important to know about gold coins. Here are some of the most popular options: American Eagles Chinese Pandas South African Krugerrands UK and Australian Sovereigns Canadian Maple Leafs Here are a few factors to consider when selecting a gold coin: The Type: Options include...

Precious Metals IRA Investing for Beginners

A Precious Metals IRA is an IRA account that contains physical gold, silver, platinum or palladium. You must keep it in a vault at an approved secure storage facility. You contribute to it just as you would to an IRA containing stocks. How do you begin? First, you need to understand the principles of Precious Metals IRA investing. Then, find the best gold IRA company to help you along the way. The best gold or silver IRA company can help you manage this investment. They can help you buy and...

What Is the History Behind the American Silver Eagle?

The American Silver Eagle is a beautiful coin with significant intrinsic and numismatic value. Investors the world over hold these coins in their precious metals portfolios. Coin collectors treasure them for their numismatic value. The Silver Eagle also has a fascinating history. Why the U.S. Needed a Silver Coin in the Mid-80s The idea for a silver U.S. coin came about as the answer a question about what to do with excess silver. The U.S. had a large stockpile of silver set aside. Yet,...

Knowing When to Sell Your Silver

Along with gold and other precious metals, silver is one of the best investment possibilities. While it is a hedge fund asset and a way to save for retirement or a future business, it is not as difficult to acquire as gold because it is less expensive. Furthermore, with silver, you can be sure that actual societal necessities can drive up demand. Silver is used in a variety of applications, including industry, electronics, medical, jewelry, and more So all you have to do is buy and collect, store, and then trade your silver for a profit when the prices are correct. However, how can you ensure that you gain the greatest value from your silver investments? Here are some helpful hints for selling silver.

How to Clean Your Silver Coins

Silver is an excellent investment to have. When you have physical silver assets in your store, you have a strong collection that diversifies your portfolio and can help you secure your financial position and future wealth. And some of the best types of silver investments you can have are coins. Silver coins are beautiful things to collect and display in your home. It is something that your visiting relatives and friends can admire. So they have to look pristine and clean so you have to implement some sort of maintenance. But isn’t cleaning silver going to damage its value? Watch this video to learn how to exactly clean your silver coins.

Top Tips for Selling Silver

Silver is one of the best investment options alongside gold and other precious metals. While being a hedge fund asset and a way for you to save for retirement or a future business, it is not as hard as gold to buy because it is cheaper. Also, with silver, you can be sure that there will be practical societal needs that will increase its demand. Silver is used in industry, electronics, medicine, jewelry, and more. So all you need to do is buy and collect, save and store, and, when the prices are right, you can sell your silver for a profit. But how can you make sure that you can get the most out of your silver investments? Here are tips for selling silver.

Can I Open A New IRA With A Contribution?

Investing in precious metals like gold, silver, and other precious metals can be one of the most effective strategies to safeguard your finances and plan for a happy future. You can buy precious metals, hold them until their value rises, and then sell them for a profit. Even if it seems self-evident, the more you understand your investments, the better you'll be able to maximize your assets and profit. In this three-part video series, we'll go over everything you need to know about precious metals IRAs. This video is for those who are new to precious metals investing or who have been collecting for a while but want to learn more about their holdings.

What Types of IRAs are Eligible to Transfer or Roll Over?

Investing in precious metals such as gold, silver, and others can be one of the most effective ways to protect your finances and plan for a prosperous future. You can purchase precious metals, hold them in order to increase their value, and then sell them for a profit. Even though it sounds obvious, the more you know about your investments, the more you'll be able to maximize your assets and take advantage. We'll go over all you need to know about precious metals IRAs in this three-part video series. This video is for anyone who is new to precious metals investment or who has been collecting but wants to learn more about their holdings.

What is a Precious Metals Self-Directed IRA?

Investing in precious metals like gold, silver, and others can be one of the best things that you can do to secure your finances and prepare for a wealthy future. You can buy precious metals, store them as they can grow value, and sell them for their profitable benefits. And while that seems straightforward, still, the more you know, the better you can maximize your assets and take advantage. Whether you are new to investing in precious metals or someone who has been collecting but want to know more about your assets, this video is for you.

Can I Take Delivery of The Metals In My IRA?

This is the final video of a nine-part series on precious metals IRAs that addresses the most common questions. Precious metals have shown to be sound investments that may help you save for the future while also protecting you against inflation. While the premise is straightforward: buy now at current prices and sell later at higher prices, having more information about your assets might be advantageous. We're here to help you out. We'll go over some more technical aspects in this video to help you get the most out of your precious metals.

Where Are The Precious Metals IRAs Stored?

This is the eighth video of a nine-part series on precious metals IRAs that answers the most frequently asked questions. Precious metals have shown to be good investments that may both help you save for the future and protect you from inflation. While the concept is simple: buy now at current prices and sell later at higher ones, having additional information about your assets is beneficial. We're here to assist you. In this video, we'll go over more technical details to help you get the most out of your precious metals.

Can I Add To My Precious Metals IRA?

This is the seventh video in a nine-part series that addresses the most common questions about precious metals IRAs. Precious metals have shown to be excellent investments that may help you save for the future while also protecting you against inflation. While the idea is straightforward: acquire now at current prices and sell later at higher prices, the more information you have about your assets, the better. We're here to help you out. We'll go over more technical information in this video to help you get the most out of your precious metals.

How Do I Liquidate My Precious Metals IRA?

This is the sixth video in a series of nine that answers the most frequently asked questions about precious metals IRAs. Precious metals have shown to be good investments that can assist you in saving for the future while also shielding you against inflation. While the strategy is simple: buy now at current prices and sell later at higher prices, the more you know about your assets, the more you'll be able to maximize your benefits. We're here to assist you. In this video, we'll go over more in-depth technical knowledge that will help you get the most out of your precious metals.

How Do RMDs Work For A Gold IRA?

This is the fifth of a series of nine FAQs videos in which we answer the most common questions about precious metals IRAs. Precious metals have shown to be sound investments that may help you save for the future while also protecting you against inflation. While the strategy is simple: buy now at current prices and sell later at higher prices, the more you know about your assets, the more you'll be able to maximize your benefits. We're here to help you out. In this video, we'll go over more in-depth technical knowledge that will help you get the most out of your precious metals.

Can I Own Rhodium As Part Of My IRA?

This is the fourth of nine videos in which we answer the most frequently asked questions about precious metals IRAs. Precious metals have shown to be good investments that may both help you save for the future and protect you from inflation. While the method may be straightforward: buy now at current prices and sell later at higher prices, the more you understand about your investments, the more you will be able to optimize your gains. We're here to assist you. In this video, we will tackle more in-depth technical information that can help you ensure that you can benefit from your precious metals.

Can I Use My ROTH IRA To Buy Gold?

This is the third video in a nine-part series in which we answer the most common questions about precious metals IRAs. Precious metals have shown to be excellent investments that may help you save for the future while also protecting you against inflation. While the method may be straightforward: buy now at current prices and sell later at higher prices, the more you understand about your investments, the more you will be able to optimize your gains. We're here to assist you. In this part of the series, we are discussing ROTH IRA, gold IRA, silver IRa, platinum IRA, and more.

What Fees Are There for Precious Metals IRAs?

This is the 2nd video of a 9-part series in which we answer the most frequently asked questions about precious metals IRAs or individual retirement accounts. Precious metals have proven to be wonderful investments that may protect you from inflation while also allowing you to save for a secure future. While how you do it can be simple, buy now for its present value and sell it when prices are higher, the more you know about your investments, the better you can maximize your profits from them. And we’re here to help you. In this video, we will tackle some in-depth technicalities about your precious metals IRA.

What is a Precious Metals IRA?

This is video number 1 of a 9-part series where we answer the world’s most asked questions about precious metals IRA or individual retirement account. Precious metals have since proven to be excellent investments that can hedge you from inflation and enable you to save up for a financially comfortable future. While how you do it can be simple, buy now for its present value and sell it when prices are higher, the more you know about your investments, the better you can maximize your profits from them. And we’re here to help you. In this video, we will discuss what precious metals IRA are, what kinds you can have, and more.

How and When to Sell Silver Coins

If you own silver coins, you have assets that can give you a good deal of wealth. Silver, like gold, is known to be an excellent hedge fund. And you can buy it, save it as it can grow in value, and sell it for another day. And that’s where market knowledge comes to play. What are the indicators that it is good to buy silver? How do you know that it is a good decision to acquire them? And when is it time to sell your assets? How long should you hold to them until you decide to trade your silver coin collection for cash? See how you can get the most value out of them by following this video for tips on when and how to sell silver.

Invest in Gold for Your IRA

Making sure that you have a healthy individual retirement account (IRA) is a crucial personal responsibility. When you ensure that your IRA is at a good financial standpoint, you can be at peace knowing a good future after years of hard work when you retire. One of the best IRAs that you can have is in the form of gold investments. When you store gold, your money value can be hedged against inflation and it can grow faster than when you save in a bank. In this video, learn about how gold is perfect for your IRA and what benefits it has in store for you and your future.

Four Things to Know About Buying and Selling Silver Bars

Are you looking to diversify your portfolio or find a suitable investment to secure your future? Try silver. Silver is another excellent precious metal to buy as an investment. You can leverage a silver collection in many markets including technology, hardware, industrial production, medicine, jewelry, and more. All modern gadgets have silver in it and there will always be someone looking to buy silver as a commodity from you if you have it. If you are looking to diversify your portfolio, silver should be part of the list you are considering. You can buy it, store it, and sell it for profit. But why should you invest in silver? Learn the answer and more about this highly useful precious metal in our video.

eBay for Silver Coins

Looking for silver coins on eBay isn’t a difficult thing, all you have to do is type the phrase ‘silver coins’ in the search bar and you will come across hundreds of sellers offering silver coins. This is not the problematic part, the real problem begins before you start. It is essential for you to decide the type of coin you are interested in and how much you are willing to pay even before you start surfing. Otherwise, you will come across coins that are either out of your reach or not of your...

Silver Coins in Wholesale

One great way to buy silver coins is to buy them in bulk. Buying bags of silver is one way to get silver in large quantities, these silver bags usually consist of a mix of silver dimes and some odd eagles. You can also get separate bags of 500 US silver dimes or 1000 silver dimes, etc. In most cases, they are from the old era (before 1964), which means that the coins will consist of 40 percent of silver. Other options include silver quarters or liberty dollar coins. Buying big bags – at least...

Worth of Silver Coins

Silver coins are a great option. They attract thousands of investors and have proven to be quite reliable, even when the market is fluctuating. Don't get us wrong. The value of silver fluctuates as well, but it’s said to be more reliable than other options like real estate and stocks. Some experts argue that silver is a better option than gold since it's used in more industries. Plus, since silver is cheaper, more people can afford it, which makes it highly feasible for all kinds of investors....

Coins Made of Silver

Coin collection is a popular hobby. People do it for a variety of reasons. Some like the aura of coins and some want to make money. Whatever your reason, it’s important to know what coins to collect. Silver coins appear to be a popular choice among buyers as they’re readily available and also more affordable than gold coins. Gold costs a lot more than silver; however, they both often appreciate at the same rate, which means the profit can end up being on the same level. We suggest that you...

Value of Silver Coins

The interesting thing about silver is that its value is not fixed, hence the value of silver coins isn’t fixed either. It keeps on fluctuating based on a variety of factors discussed below: Rareness The rarity of a coin is important because it adds to the value and worth of the coins. The fewer the coins, the rarer it is. Rare coins are usually bought by those who enjoy collecting them. The simple demand and supply formula applies here. As supply reduces, demand increases, which pushes the...

American Silver Eagle Proof Coins

Adolph A manufactured the American Silver Eagle Proof Coin in 1916 and in 1986 the US mint selected the design of "Walking Liberty" for it. Despite being an old coin, it's still quite in demand and does well among investors. This coin consists of 99.9 ounces of pure silver which makes it worth one US Dollar. The process of minting this coin is highly specialized; it uses a special die and is struck a number of times before undergoing scrutiny to make sure that it is manufactured perfectly....

The Future of Silver Coins

Because of the aesthetic appeal of silver, it is used all around the world for different reasons. It is used in multiple industries and is quite in demand. This is why the demand for silver has been on a constant rise, which has also pushed its price. The metal recently hit new highs and is expected to continue to increase in value in the future as the minting of this precious metal isn't growing at the same pace as its demand. We must also mention that silver is commonly bought and sold by...

Exchange Trade of Silver

Silver Exchange Trade funds were launched in the 2000s along with gold exchange traded funds. The idea behind this was to trade certificates backed by silver rather than trading real silver. These certificates were administered by brokers who ensured authenticity and smooth processing of trading. Gold ETFs were very well received when they were first launched. Most people expected silver ETFs to receive a similar response, which is why they were also launched in a big manner. The idea for...

Silver Eagle Dollar Coin

The Silver Eagle coin was first launched by the US government in 1986, yet it continues to be in demand and is arguably one of the most popular silver coins of all time. It is known for its incredible design and is readily available, which makes it a good option for investors interested in silver coins. The head of the coin has some beautiful features designed by Adolph Weinman and the tail of the coin has a heraldic eagle designed by John Mercanti. This is why it is called the Silver Eagle...

Value of Silver Dollar Coins

In the business of buying and selling, understanding the worth and value of Silver Dollar coins is extremely crucial. It can largely vary depending on factors such as the rarity of a coin and the condition it is in. For example, a Silver Morgan dollar coin ranges from a few dollars to thousands of dollars depending on its grade, quality, and rareness. If a coin is rare then the dealers pay little attention to the condition but if it is not rare then the condition is all they focus on. If you...

40 Years To Abandoning The Gold Standard In The US

The 15th of August, 2021, will mark as the 50th anniversary of the abandonment of the gold standard in the US. Although gold still looked the same, a drastic change occurred in its value over the years. The country abandoned the gold standard quite successfully in 1933, and went on to fully break the link between the dollar and gold in the year 1971 Nearly fifty years ago, when it was abandoned, it valued at a mere figure of 35 US dollars per ounce. Forty years later, its value increased over...

Gold Or Treasury Bonds?

Treasury bonds have always been a popular source to preserve capital. They're not only bought by the general public but by institutions as well. For years, the US treasury bonds were considered to be the safest investment option, but now, the times are changing. A recent study shows that the trend of investing in treasury bonds has been on a decline. On the other hand, there has been a 25 percent increase in investing in gold. This is because, over time, the worth of a dollar is decreasing. As...

Everything You Need to Know About Krugerrand Gold Coins

If you are someone who has researched gold coins at least once, then you might have come across "Krugerrand gold coins". Named after a former South African president, Stephanus Johannes Paul Kruger, these coins are still quite popular and in demand. Paul Kruger served as the president of South Africa from 1883 to 1900. He played a major role in the movement and therefore has a gold coin named after him. The observe of the Krugerrand gold coin has been stamped with his face, while the reverse...

The Trade Of Gold Coins

Buying and selling of gold coins is a hobby that has gained a great deal of popularity in recent times. It seems easy and fun, but there is a lot of hard work and research that goes into it. So, if you are a beginner at it, there are a couple of rules that you should stick by. The first thing you need to do is to factor in your budget. This will give you a clear idea of the quantity of gold you will be able to purchase at a certain time. When this is done, it is time to move over to the type of...

The Trade Of Gold

This might come as a surprise to some but we have been using gold for centuries. It has been worn in different forms throughout history. Egyptian history is full of gold jewels. In fact, it was considered an important part of the barter system. However, it was never as vital as it now is. If you look at historic figures, you will find that gold has been moving in an upward direction for a while now. It recently hit records highs, whereas the US Dollar has been consistently losing its value...

The Trade Of Silver Bars

Silver coins can be a great investment option for people who are low on budget. Silver has grown by leaps and bounds in the last few decades and is expected to continue in the right direction. If you are serious about investing in silver bars, start by calculating your budget to analyze what sort of bar you can afford. It is best to invest in a 99.9 percent pure silver bar, which is available in a variety of sizes, varying from one troy ounce to one kilo or even more. These silver bars are...

The Trade Of Silver Coins

If you are interested in investing for the long term, but cannot afford gold then consider silver. This precious metal is quite affordable and in demand as well. Just like gold, it can be worn as jewelry and be bought for investment purposes. It can be a great option to invest your money, especially if you are low on cash and cannot afford its expensive sibling, gold. There is a lot in common between gold and silver. Both are highly liquid and can guard your money against inflation. Plus, both...

A Beginner's Guide To Buying Gold Coins

Buying gold coins is not just a hobby but also a worthwhile investment. However, when beginners put their foot in the world of buying and selling gold coins, they find themselves a bit lost because of the vastness of the domain. There are a variety of different gold coins to choose from, each of them varying from the other based in terms of size, value, looks, and history. All these factors matter as they don?t only affect the present but also the future value of a coin. If you find this too...

Purchasing Gold and Gold Trends

With gold prices being so unpredictable most of the time, it is only fair for people to be confused regarding the best time to sell off their gold. A good way to keep track of the good and bad times to sell gold is to pay attention to gold trends. What are Gold Trends? Most professionals keep track of gold trends. But what is a gold trend? The fluctuation in the value of gold typically follows a pattern that is called a trend. Gold trends tend to rise and fall in relation to the value of the...

The Value of Gold and the Best Time to Sell it

Whether you own gold in the form of coins, bullion or other forms, you will want to know the best time to sell off your precious commodity. The answer to this question can be a little tricky as it depends on a number of factors. Past History of the Value of Gold The value of gold has fluctuated like any other commodity. It fluctuates a lot as the price depends on a number of factors that can be hard to control. To give a detailed review of the value of gold, let's first take a look at its value...

Purchasing Gold and Making the Right Decision

Investing in an expensive commodity such as gold can be nerve-wracking because you want to make sure everything goes smoothly. Here is a list of the basic steps that can reduce the risk of scams: Seller Information The very first thing you should do is jot down a list of sellers and compare them so that you are left with only reliable sellers. Next to every seller, mention basic details such as their name, address and most importantly, their website handle or location if they run their own...

Wholesale Trade Of Gold

Buying gold in wholesale refers to purchasing gold, in various forms, in bulk, and selling it again once the prices rise. However, realistically, everyone is not capable of buying gold in huge quantities due to the high price of gold. However, several other factors also contribute to it, such as transport and storage issues. Most wholesale buyers of gold are companies, not individuals, so they store it in bank vaults and other secure places. When buying gold in wholesale, all factors narrow...

Uruguay 1930 Constitution Centennial 5 Peso Gold Coin

Also known as the Uruguay 1930 Constitution Centennial 5 Peso NGC MS-62 Gold Coin, the Uruguay 5 Peso Gold Coin is a highly demanded coin by collectors all over the world. It first made an appearance during the Great Depression for two primary purposes. The Uruguay government launched it to commemorate the 100th anniversary of the republic. Moreover, it was an attempt by the government of Uruguay to boost their declining economy, as the effects of the Great Depression were quite evident in it....

US Silver Coins

The price of US silver coins depends upon several factors, including its rarity and condition. The coin pictured above is the Hawaiian Silver Half Dollar coin, which was sold for over 65,000 US dollars at the Bowers and Merena auction. If you search the web, you will find that many coins have fetched a price higher than their true value. Although the silver content in the majority of such coins is not very high, their price seems to increase at every auction, probably because with every passing...

The Types of American Silver Dollars

If you search the web, you will find that hundreds of coins have been minted in the US. The industry kickstarted in the early 1790s and has been going strong since. However, most of these coins were minted previously using metals such as gold, silver ,and copper, which were then mixed in with other, less valuable metals in a larger ratio. However, out of all the coins that are minted in the US, the one to has gained a substantial amount of popularity is the US Silver Dollar. These coins have...

The 1804 US Silver Dollar Coin

If we had to name the most collected coin in the world, it would be, without a doubt, the US Dollar Silver coin. It is a 99.99 percent pure silver coin that came out in 1804. It is one of the rarest coins in the world, to the point that it was sold at a whopping price of over 4 million US Dollars at an auction. Even today, the demand for this incredible coin is pretty high. Let's know a little more about it. Although the coin dates back to 1804, it was first minted in 1834 and then in the...

The 2011 Gold Competition

In 2009 the US dollar fell sharply before going up but it couldn?t sustain the price and fell one more time in 2011. As a result, banks, who were once eager to sell gold, started buying it abruptly in an attempt to lower their reliance on the US Dollar as their reserve currency. They intended to convert all their cash to gold. This was a time when gold was expected to rise to 2000 US Dollars due to more countries showing interest in the shiny metal. This was predicted by Robert McEwen, the...

The Actual Value Of Gold

Search for gold prices and you will come across several pages and websites covering the ever-changing value of gold. Even news channels provide information on gold prices so that buyers and sellers are aware of the changing scenario. But, what if we tell you that what you see online or on television is not the actual price of gold, but only a mere estimate which is a result of a prediction based upon consumers' behavior in the future, and that the actual cost of gold is even higher than what...

The Power Of Gold

The gold standard is one of the most discussed topics. Powered by banks, gold fund managers, and the general public, it developed due to the continuous increase in the price of gold, which allowed everyone to buy more gold to preserve the value of their wealth over a considerably large period. Central banks, who were gold sellers, shifted towards buying it. Countries with stable economies restrained themselves from selling it, and countries with a surplus converted all that surplus to gold....

The Race For Gold

Countries all over the world are in a phase of an unspoken race: a race to buy as much gold as they can in order to defend and back up their currency. It seems that the USA is leading this race, but if we have a micro look at the numbers, we?ll realize that Switzerland tops the list. From a per person point of view, the USA stands at the ninth position, surprisingly below countries like Lebanon and Portugal. This is because the majority of the gold reserves of the USA are held by the government...

How To Trade Silver Coins?

Not everyone who owns a nice collection of coins does so by purchasing several coins at a time. Most people opt to trade from time to time to prepare a collection that's worth showing off. While trading is a good business, it can be risky. Before you plunge into trading, there are some things you should be aware of. To begin with, you should be 100% sure of the value of the silver coin that you are purchasing. A good option to check the value is to get it appraised and ask for a certificate of...

Augustus Humbert $50 Gold Coins

If you are into gold coins, you would probably already be aware of the oddly shaped Augustus Humbert $50 gold coins. These are one of the most expensive coins available on the market. They sold for 290,000 US Dollars in 2011 due to their distinct shape, as they are octagonal (eight-sided). Originally they were supposed to be used by minors and were called 'ingots' due to their heavyweight and face value of 50 US Dollars. With the passage of time, they gained more popularity by the name of...

Better Investment Option - Gold Or Money?

The continuously increasing prices of gold have caught the financial world off guard and thrown it into a complete shock. Financial experts, who at one time suggested investors stay away from gold, are now advising people to buy as much gold as they can, using paper money. This has aggravated to a point where Robin Griffiths, a strategist at Cazenove Capital, termed not buying gold as 'an insanity' as every currency in the world depreciates over time. But, the price of gold seems oblivion to...

2550 Buddha Jayanthi Commemorative Coins

In 2006, the Central Bank of Sri Lanka issued three commemorative coins on the request of the Ministry of Religious Affairs, Sri Lanka, to mark the 2550 Buddha Jayanthi, or the 2550th anniversary of Buddha. These three coins were of Rs 2000, Rs 1500, and Rs 5. On 11 May 2006, an inauguration ceremony was held for the 2550 Buddha Jayanthi at the Presidential Secretariat, where these coins were gifted to President Mahinda Rajapakse and a few other dignitaries. They became available to the general...

2006 Baby Britannia Set

If you know someone who loves collecting coins and is also going to be a parent soon, congratulations, as your search for the perfect new arrival gift has ended successfully. This two-piece £2 silver bullion set was announced by the British Royal Mint in 2006 and is made up of .958 pure silver. It makes the most perfect gift not only because of the countless features it has but also because it comes enclosed in an elegant presentation case, which looks appealing to the eyes while saving...

What Type of Gold to Purchase and How to Decide

With so many options to choose from, selecting the type of gold you want to buy can be a difficult task. Previously, gold had only existed in the form of gold bars or coins. Today, you see gold everywhere ? in the form of bullions, ingots, exchange funds and even gold nuggets, which are found in riverbeds or are extracted directly from the ground. Reason for Purchasing Gold If you are stuck and unable to make a decision on what type of gold you want to buy, then the easiest way then take a...

Gold Sovereigns for Investment Purposes

Gold coin collecting has become a popular hobby in recent times; however, history shows that gold coins of various types have existed in the world before they were even popular. One such gold coin is the "Gold Sovereign Coin", dating back to the 15th century under the rule of King Henry VII, in London. Due to how rare and ancient these coins are, their values stand in the thousands. What are Gold Sovereign Coins? Gold sovereign coins, popularly known as "the sovereign", is a gold coin...

Bezels For Silver Coins

If you want the world to know you own silver coins then consider getting your hands on a silver coin bezel. Silver coin bezel is a coin frame that protects the coin from wear and damage. The interesting thing is that you can attach a chain with the bezel and use it as a piece of jewelry (pendant). This jewelry or device is a circular ring that has a screw type closure that ensures that the coin is securely enclosed and fit for daily wear. This screw can be used to accommodate different coin...

Buyers for Silver Coins

You will need a silver coin buyer if you want to sell your silver coins. There are multiple options for selling your silver coins. You can sell these coins to local coin dealers, pawnshops, and online dealers coin shows. In addition to this, you can even try auctions. In order to sell your coins to a silver coin buyer, firstly you will need to know the true worth of your coins. There are two ways to find that out: Check the prices of other coins that are exactly the same as yours. This will...

Collection of Silver Coins

A large number of people enjoy collecting silver coins. It is not the same as hoarding cash. It is about appreciating the history and craftsmanship involved in the creation of these coins. There are several benefits of coin collection including: It provides potential financial or investment benefits and can be stored for future use. Can be used to show the world what you?re interested in. It enhances your appreciation of art and beauty. You take pride in ownership of these coins and it provides...

How to Find a Good Silver Coin Seller

If you want to buy silver coins, you will have to find a reliable silver coin seller. This might sound like an intimidating task when it really is not. It's quite easy to find one, you only need to know how to do it. The first thing you need to do is decide how you wish to buy, i.e.: online, from a physical location, etc. Next, verify if the seller has joined any numismatic association. Some well known numismatic associations include: American Numismatic Association Australasian Numismatic...

Grading of Silver Coins

Silver coin grading is an important part of determining the value of a silver coin, especially for rare and unique silver coins. Some of the factors that are used to determine the value of a silver coin include: The quality of the silver coin when it is manufactured. Not all coins are made equal and some might have sustained damage during the manufacturing process. The quantity of silver in the coin. This can be calculated by weighing the coin if the silver coin is composed of 99.99 percent...

Price of Silver Coins

Silver coin prices can be easily obtained by browsing the web. All you have to do is search for ?silver prices today? and Google will show you the latest prices by searching through available sites. If you want to check specific prices at a specific dealer, you can search for their site and visit it for the latest prices. We suggest that you keep yourself updated about the prices if you are serious about trading silver or silver coins since the prices of the silver metal keep on changing every...

Proof Set of Silver Coins

People from all around the world collect silver coin proof sets. Some like the aesthetics of the coins and want something nice to be a part of their presentation and some have other reasons. Silver Proof Sets are popular because of their high quality. Plus, they look very good and are quite in demand. However, some people collect them solely for investment value. You can choose from many silver coin proof sets to invest in. Most auction houses, online auctions, and coin dealers have Silver Coin...

Why Buy Gold and Silver?

Buying gold is often considered the holy grail of precious metals investment strategy. However, a diversified buying strategy can increase your liquid assets as silver is easier to buy and sell. It all depends on how long you intend to invest and if you require liquidity before your expected maturity of the investment. Gold costs about 100x the price of silver. Hence buying and selling silver is an easier option if you want quick liquidity of assets. Long-term investors prefer gold, while...

Benefits of Buying Both Gold and Silver Coins

Most coin collectors choose between gold and silver coins. Most people choose either of the two as their preferred way of investment, but there are benefits to be had for purchasing both. A diverse collection offers several advantages. It helps absorb price fluctuations better as with one metal; you're always on the lookout if the prices drop for that particular metal. Consequently, if you can buy both gold and silver coins, you have a better chance of your investment turning out to be a safe...

Buying Canadian Silver Coins

Whether you're a coin collector or someone interested in precious coins for the sake of investment, Canadian silver coins can be an excellent pick as they are affordable, very good looking, and quite in demand. There are various reasons why people choose to collect coins. Some enjoy doing so, some want to protect their savings against inflation, and some are only looking at diversifying their portfolio. Silver coins are also popular because they are readily available and quite affordable,...

Understanding The Noise Behind Custom Silver Coins

If you search the web for gold coins, you might come across custom silver coins, a field that?s only popular among people who are serious about coin collecting. Controlled mints or government owned organizations are typically given the task to produce silver coins. This is very important because the government has to control the amount of silver out there to be able to have at least a little control over its prices. However, thanks to privatization, things are gradually changing. Private...

Gold Coin Buyers Need to Be Aware of Fake and Scams

Whether you?re a first time buyer or someone who has been buying or trading gold coins for a while, it is important to be careful when making a transaction because scams are pretty common. If you search the web, you will find several victims who got cheated by fake sellers who offer fake coins. Scammers are everywhere, even on the internet. This is why it is important that you know the difference between real and fake coins so that you never get robbed. Real and Fake: Understanding the...

All You Need to Know About Buying Gold Bullion

Most investors and collectors opt for gold coins, yet bullion, also known as a bar, is in demand as well. Bullion comes in a variety of shapes and sizes. You will find them in various finesse ranges – .995 to .9999 gold. Globally, there are 50 manufacturers of gold bars that produce 338 different varieties. Gold bars can be as small as one gram and as large as 1 kilogram. The 1kg bar is also referred to as the London Good Delivery bar. Bars less than 1kg in weight are typically called small...

How to Buy Gold Coins Online?

Thanks to technology, it is now possible to buy gold online. However, it is important that you’re careful during the process so that you get your hands on exactly what you pay for. Look for dealers with a good reputation. They tend to have websites that elaborately explain what they do. Make it a point to go through the website so that you’re fully aware of who you are dealing with. We suggest that you choose a dealer who you can sell to when you decide to cash your investment. This will make...

Should I Buy Gold Stock?

Gold stocks have seen a 27 percent rise since 2001. While some investors have enjoyed high profits some wonder if it’s still a good investment. In simple terms, the demand for gold outstrips its supply. On average, 2500 metric tonnes of gold is dug every year yet there’s no sign of the demand decreasing as it stands at 5000 tonnes per year. The sixty percent difference between demand and supply ensures the price of gold remains high. In some countries, this percentage can even rise to a hundred...

How to Buy Gold in the USA?

Gold is a renowned commodity across the world and with its large number of dealers and auction agents, the USA is one of the best places to buy gold. Several types of gold are available in the USA including: Rare gold including antique pieces. Buying these requires a keen eye and plenty of experience. They’re usually sold in auctions. Gold bars and bullions. They come in various shapes and sizes. Bullions and bars can be as heavy as 20 ounces or as light as 1 gram. The USA also offers a diverse...

How to Buy Gold in Australia?

Australia has two mints – the Australian Mint and the Perth Mint – which makes buying gold in Australia pretty straightforward. The Perth Mint is favored by most due to its vast range of products, although there are many reputable gold dealers around the country as well. Some of the Australian gold items to buy are: Australian Gold Bars Australian bullion Australian Early Gold Jewellery Australian Gold Nuggets Australian Gold coins One particular gold coin, the Australian Gold Sovereign, is a...

Collectors of Silver Coins

Collectors love to collect all kinds of things including silver coins. However, you have to be careful when buying silver coins as there are several types and grades available out there. You need to know about possible risks and rewards so you can get your hands on the right coin. Here are a few things worth knowing: The type of coin The condition of coin The percentage of silver in a coin Different countries issue silver coins, you can get your hands on any. We have covered this topic in...

Benefits of Purchasing Gold and the Right Time to Sell it

Wondering when is the right time to purchase and sell gold? People will tell you a lot of things based on their experiences but not all might be right for you. Plus, access to a lot of information — especially if it differs — can leave people confused. On the-privateer.com website, it has been stated that, "During any discussion about the future or the prices of gold, it is important to keep in mind that gold in actuality is a political metal. This means that its price is...

Why Should I Buy Gold Coins?

There are many benefits that come with purchasing gold coins, especially in this time and economy. Experts seem to agree as well: In today's volatile financial climate, the value of gold, as compared to other international currencies is bound to soar, said the gold investment advisor for Lear Financial, Kevin DeMeritt. If if you haven't already invested in the shiny metal, here are some reasons why you should consider doing so: Benefits of Purchasing Gold The current situation of the financial...

Benefits of Buying Gold

People who are wanting to purchase gold bullion or those who collect gold coins or gold bars, often wonder what benefits purchasing gold brings. Today, we are here to talk about the main factor that makes gold worth a purchase. Stable Commodity Gold has been in the news for all the right reasons. Its prices have been fluctuating very rapidly and it even hit new highs in the last few months. While fluctuations are common, gold is still among the most stable commodities, especially when compared...

What Type of Gold is the Best for Purchasing?

The next big question that arises after you have decided to purchase gold is, what type of gold should you go for? There are several options out there but not all might be right for you. We?ll explain each in this article: Types of Gold Most people assume that there is only one type of gold and that is the gold you get in the form of rings or other accessories. However, you will be surprised to know that there are actually 4 types of gold for investors: Gold Investments Gold Investments, as the...

Special 2006 Fifa World Cup Coin

In celebration of the 2006 Fifa World Cup held in Germany, the Kiwi mint came up with a special silver coin. It was named after the 2006 Fifa World Cup Germany itself with a value of $1. This face value is nothing compared to the silver content of the coin which ranks at about .999 percent pure silver. A few features of this coin that make it noteworthy are: Striking of the Coin The 2006 Fifa World Cup Silver Coin was struck by a renowned refiner in NewZealand, Valcambi, one of the most...

Silver Dollar Coin to Commemorate the Victoria Cross

In honor of the Victoria Cross, a special 2006 Proof Silver Dollar Coin was struck by the Royal Canadian Mint. Many of us know that the Victoria Cross is the highest military Decoration which was presented post the Crimean War. However, what most of us do not know is the reason why soldiers are awarded the Victoria Cross. It is awarded for, ?for acts of valor during war.? A total of 99 Canadians have received this award so far. The division is as follows: 8 awards were given for a showcase of...

Special Edition Canadian Silver Maple Leaf

In 1979, the Canadian Royal Mint decided to introduce a special edition Canadian Golden Maple Leaf coin that was and still is considered to be one of the finest coins made of pure gold. After the success of the tiny 1 ounce coin, the Canadian Mint decided to mint a Canadian Silver Maple Leaf coin in 2006. It was based on the 1 ounce coin and weighed 1 ounce and was of the same quality with only one difference — the metal used. While the 1979 coin was made of pure gold, this one was...

Silver Eagle Coin 2006

The 1916 half-dollar became popular for featuring Adolph A. Weinman's Walking Liberty. However, you will now also find this beauty on the obverse of the 2006 American Eagle Silver coin from the US Mint. Introduced to the world in 1986, the American Eagle is extremely popular among collectors and also investors. It is best known for its unique design but that?s not all that this beauty has to offer. According to an official statement, ?The United States Mint produces proof versions of the...

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