GMRgold Blog

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...

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...

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...

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...

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...