Archive for the ‘Gold Metals’ Category
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Thanks so much for good answers.
Metals usually go down because people choose to put money in paper and get interest. Gold does not pay interest and people buy it when interest is so low that they aren’t missing anything.
Increased interest rates are a sign the Fed is worried about inflation. People borrow less at higher interest rates and hence spend less. Less spending causes sellers to have to lower prices to get people to buy and inflation is checked.
On the day of wedding brides and grooms exchange the rings as a part of their marriage vows. It is considered as a token of love and not only love as we have said that this exchanging of rings stands for trust, promise, and companionship. On the left hand on ring finger this ring is worn. There are differences between a wedding ring and an engagement ring. Both can be made of gold, white gold, platinum and titanium. Traditionally wedding rings are made up of gold and silver alloy. But now designers are making rings of platinum and titanium. They are more durable and beautiful than a gold or silver ring. Platinum and titanium rings have a classy look with diamonds setting. Apart from diamonds valuable stones like emerald, ruby and Safire make these rings impressive and give them a rendering beauty. Just be sure and have a clear idea about the price and make your choice.
But till now nothing can replace the priority of gold among the couples. Gold is such a metal which can not lose its aura, its shininess and beauty over the years. Gold, as a metal is a lovely yellow color. Gold is favorable because it is looking good when it is worn and giving the right shape to it is easy and it is also durable. Pure gold is also very malleable at 24 carats so it is easy to design and shape. However, the best thing about the gold wedding ring is that it is available in different shades, designs and goes well with other metals too. If you want to purchase wedding ring made out of gold then you can quite different, inspiring shades like rose, green and even white gold.
Now you may not be sure about the factor that which type of gold ring would be perfect for the design you choose. Sometimes it is good to choose a type that is not 24 carat because every design is not suitable for 24c gold. This is because a higher carat that this would make the ring prone to twisting and going out of shape. So ensure that you select a wedding band that is either 14 c or 18 c. According to your necessity you can order a gold wedding ring which has alloyed metal. Mixture of two or more alloys along with gold to create a special and inexpensive wedding ring can be applied. Also, the more the proportion of gold the more expensive the wedding rings will be. So, to have a long-lasting wedding ring that suits your budget, select the appropriate carat value. Budget is another important thing that can attract you towards choosing a golden ring comparing platinum or tungsten ring.
Another point in favor of a gold wedding ring is that the ring can always be resized when you want to. However, remember that in case of engraving or studding of diamonds or stones, the resizing could get a tad bit difficult. A gold wedding ring is appropriate for a traditional wedding.
Mark Fisher
http://www.articlesbase.com/jewelry-articles/gold-wedding-ring-for-every-wedding-ceremony-1150857.html
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It has to happen. Hell will freeze over (is there such a place?) before gold is stopped in its march to $1,500+. Gold moves primarily on the three-fold cord of war, uncertain econoic activity, and inflation. We’re still in a war(s), economic uncertainty is about as high as it can get. And down the road, the BILLIONS, maybe TRILLIONS, of US$’s that are being printed will take inflation into double digits again. Â
Strong investor buying on Monday pushed the price of gold above $900 a troy ounce, hitting a 3½-month high in dollar terms and posting all-time highs in euro and sterling, in a stark sign of money seeking refuge from equities and bond markets. Traders-investors, particularly in continental Europe and the UK, were pouring money into gold exchange-traded funds â?? a popular way to gain access to the metal â?? and also noted strong buying of physical gold, from coins to bars.
Edel Tully at Mitsui & Co Precious Metals in London said gold was the â??obvious shelterâ? for safe-haven investors.
In London, spot gold rose to $915.30 an ounce, up from New Yorkâ??s last quote on Friday of $898.40. The precious metal also hit an all-time high in both sterling at £661.55 an ounce, and in euros, at â?¬701.55 an ounce. Total amount of gold held by the worldâ??s gold ETFs last week rose for the first time above the 40m ounce level. Together, such investment vehicles are now the largest holders of physical gold after the official reserves of the US, Germany, the International Monetary Fund, France and Italy.
â??The aggressive appreciation in the ETF contracts … is the clearest signal to date this year that gold is one of the limited assets that investors want exposure to during these frantic times,â? Ms Tully said. Hector McNeil, managing director at ETF Securities, said that about 60 per cent of those inflows were into the yellow metal. â??Gold is set to rise dramatically,â? he said.
In the short term, traders said gold was likely to consolidate above $900 an ounce this week and could test the $930 an ounce level previously touched in October. Spot gold in London, the marketâ??s benchmark, hit an all-time high of $1,030.80 in March. In the last thirty days gold is up $35.
Ernie Fitzpatrick
http://www.articlesbase.com/economics-articles/gold-is-moving-again-740977.html
if they were 100% gold that would be expensive so what percent of gold is really in there?
They said on an olympic broadcast that the Vancouver medals were just under 7% gold.
Gold, one of the most precious metals in the world. Most of us have seen it, and many of us have touched it. A lucky few of us wear it each day, whether it be in a necklace, a ring, or a set of stunning earrings. It has been said that gold is even the key to a true woman’s heart. An interesting theory. But putting the wonderfulness of this metal aside, we know from simple economics that for any person who wants to buy and own gold, a seller must exist somewhere in the wide blue yonder to be able to complete the transaction. On that note, let me mention that there are some online services and websites available that can assist with the latter part of this equation.
No doubt if you were to sort through your drawers and jewellery cupboards at home, you would stumble across a broken gold chain, an out of date set of gold earring, or something of the like. Time to update this aging accessory? Quite possibly, but then another question strikes you: “Where on earth could I sell broken jewellery?â? Excellent question, but we have just as good an answer. If you search on the internet you will be able to find websites that offer the facility to purchase any of your gold jewellery that you no longer treasure. They literally acquire everything from unwanted jewellery to scrap gold. Basically, if it is real gold (not just gold colored), you can get paid some fantastic prices for letting it go! Why would you want to do this? Well, think of it as a renewal process. When you sell unwanted gold, and then see that nice cash bonus which just landed in your bank account, the chances are that you will feel that little bit brighter and less guilty when you go out and make a new purchase. So, given that clean swipe of your conscience, perhaps now is a better time than ever to start jewellery hunting.
Where can you look? Well, this article is certainly not going to turn in to an instruction guide on the various ways to dig scrap gold out of your wardrobe, but I am certainly not afraid of offering you a few tips. Firstly, try looking in those old shoe boxes. It’s genuinely amazing what can be found in there. “Hmm, there are no shoes in here… just some old gold!â? Another idea is to purposely clean your jewellery box out. If you actually lift the lid on your box, and dig deep underneath the surface contents, there may be a valuable little surprise waiting for you at the bottom. Who knows? You might as well try.
With these great websites, you really have nothing to lose. The prices are competitive and offer good money for when that time comes to sell old jewellery. So if you are in the market to sell, ensure that you choose an exchange site that provides both amazing customer service, and a friendly, honest atmosphere.
Hassan Eliwah
http://www.articlesbase.com/business-ideas-articles/selling-your-old-gold-701267.html
Swiss gold bullion in huge demand as trust in banks dives
Swiss gold refiners are having great difficulty in keeping up with demand for gold bullion leading to long delivery times as investors wary of other stores of wealth.
Sealed off by grey concrete walls and barbed wire, the workmen in protective glasses and steel-toed boots at this smelter cannot work fast enough to meet demand from the nervous rich for gold.
This refinery near Lake Lugano in the Alps is running day and night as people worried about recession rush to switch their assets into something that may hold its value.
“I have been in the gold business for 30 years and I have never experienced anything like this,” said Bernhard Schnellmann, director for precious metal services at the refiner Argor-Heraeus, one of the world’s three largest.
“Production has dramatically increased since the middle of the year. We cannot cope with demand,” said Schnellman, wearing a gold watch on his wrist.
Spot gold hit a record $1,030.80 an ounce on March 17. It fell below $700 in late October, partly because investors sold their holdings to cover losses in equity and bond markets hit by the credit crisis, and is now around $830 an ounce.
The trigger for the price to rise again could come from a much weaker dollar, making gold cheaper for holders of other currencies, and a renewed aversion to paper assets as governments and central banks pump large amounts of cash into the economy, stoking inflation.
Smoke billows as the molten gold, like glowing butter, is poured. To cool it, the worker drops it into water. It hisses as it hits. Once hardened in moulds, the gold bars are embossed with the refinery’s seal. Workers wearing white gloves stack them into boxes like domino pieces.
Though Switzerland is not a gold miner, it is home to some of the world’s largest refineries, which process an estimated 40 percent of all newly mined gold.
Argor-Heraeus is part-owned by the Austrian Mint and a subsidiary of Germany’s Commerzbank. Commercial and central banks are its chief customers and it says it processes some 350-400 tonnes of gold and 350 tonnes of silver per year.
Customers buying gold bars, which can weigh more than 10 kg each, have to wait roughly a month, taking into account the year-end holiday season.
For those buying coins or ingots, which can fit into the palm of a hand, the delay is six to eight weeks. A year ago, these small products could be had within a couple of days.
Worries about the banking system globally have boosted worldwide demand for physical gold, the Gold Council said.
“Many (people) are afraid of leaving their money in banks,” said Sandra Conway, managing director at ATS Bullion in London, which sells bullion and gold coins to institutions and the retail market.
“It’s difficult to quantify, but I would say our turnover over the last three months has certainly doubled compared to the previous three months,” she said.
FULL CAPACITY
Other Swiss gold refiners also say business is booming.
“Since the summer we have experienced a sharp rise in demand for certain gold products. The one-kilo bar has become very popular,” said Fiorenzo Arbini, in charge of health and safety at Pamp, another large Swiss refiner.
“People used to buy certificates, now they want physical gold.”
Schnellmann said the Argor-Heraeus smelter is operating at full capacity, three eight-hour shifts a day. Conquering the backlog by hiring is difficult, because each candidate has to undergo a security check.
Gold refiners were established in Switzerland to supply the watch industry and, later, jewellery-makers in Italy.
Switzerland’s largest banks stepped in to replace a void in gold trading while the London gold market was shut after World War Two and again during a brief closure in 1968.
The former Soviet Union, another top gold producer, chose Zurich banks to handle most of its gold sales in the 1970s and 1980s.
“Gold has an image of being the asset of last resort. This could be viewed as old-fashioned but this is how enough people with enough money to matter think,” said Stephen Briggs, a metals strategist at RBS Global Banking & Markets.
GOLD TOUCH
India, China(cnmining) and the Middle East remain the biggest gold importers, particularly for jewellery. But demand for physical gold has exploded also in Europe, the Gold Council said.
In Switzerland, home to the world’s largest private banking industry, demand for gold bars and coins shot up six-fold to 21 tonnes in the third quarter of 2008, more than in any other European country.
Retail investment in gold rose 121 percent in the third quarter of 2008, an important contributor to the overall increase in global demand, the Gold Council said.
In that period purchases of gold bars by retail investors, who often buy through commercial banks, rose nearly 60 percent, notably in Switzerland, Germany, and the United States.
There was a surge of interest among professional investors shortly after the collapse of Lehman Brothers in September.
Private bank Julius Baer in October launched a fund to invest exclusively in gold bars stored in highly secured vaults in Switzerland.
“The fascination with gold has been there since the beginning of civilisation,” said Schnellmann. “It cannot be explained: you can’t eat gold, you cannot build anything resistant with it and yet people want to hoard it.”
tristass
http://www.articlesbase.com/international-business-articles/swiss-gold-bullion-in-huge-demand-as-trust-in-banks-dives-689211.html