Energy News You Can Use
10 Nov
If you are thinking about going on a gold bullion mining trip, think about the Gold County in California as your destination. There is more than 100 square miles of land near the Sierra Nevada mountain range. There are more than fifty other mining camps that span as many as eleven counties that can prove to be ideal for your gold mining trip.
Going to see the towns which have only become prosperous and survive today because they struck gold is one of the most enjoyable experiences of a mining trip. However, an exciting time awaits those who also try out the ghost mining towns that are part of some very attractive gold mining trips.
Mining camps which grew during the time of the gold rush can be found down the CA-49 or mother Lode Highway, a great visit for anyone interested in gold as you will also get to see camps in Auburn and other counties.
Northern California was renowned for being the home of the Gold Rush and so your gold mining trip should include a visit to where gold was found in plenty in those parts of California. The lucky prospectors of the day could even scoop up gold in huge amounts straight out from the banks of the wonderful American River.
An exciting gold mining trip to California must include taking in destinations such as Auburn, Placerville, Sutter Creek, Angels Camp, Columbia and Jamestown as too Mariposa. Gold is the yellow coloured mineral that has attracted people from the very earliest times. In physics, Gold has the symbol of Au on the periodic table and an atomic number of seventy nine. It is a precious metal used in sculpture, jewellery and as an ornamental piece. Today gold is used in investment and as a guarantee against poor economic times but it looks set to be treasured around the world for centuries to come.
29 Oct
Whether you are interested in learning the scrap gold price or gold bullion price, or any other for that matter, by learning about the gold price history you are going to be doing yourself a world of good if you want to buy gold bullion. By knowing how prices have changed over time, you are able to make a better judgement in the present.
This will allow you to see the trends, see the rise and falls and when and why they occurred and basically get a better idea for the future and know when the best prices for gold can be expected.
If you want to be serious about gold trading, then learning about the gold price history is not something that you are going to want to just skip over.
Even if you are only interested in taking the time to look a few years back at the history of gold prices you are still going to benefit, and there are even some great classes and courses that you can take if you want to learn more about the history of gold and gold prices. You would be fool to think that you could make a living from gold bullion investment without getting to know the history of the trade.
You will find out some really interesting things when you begin learning about the gold price history, and you will see what a huge impact it has on the way that you trade gold in the future. You will be able to spot any signs or events that could indicate a change in the gold price if you know what has influenced this before.
You can learn so much more if you really look into gold trading and investment. Look on the internet, read book and talk to industry insiders whenever and however you can. You can never know too much when it comes to gold trading.
Gold trading can be very prosperous, as long as you do it right. You have to take the time to learn about it if you want to be successful at it, and so make sure that you are willing to do this.
25 Oct
The recession has led more people to think about investing in gold bullion. Gold bullion is traded no matter what the current economic climate is because it is such a valuable commodity. Every gold bullion trader knows that gold is one of the best ways to protect one’s wealth against economic collapse and poor interest prices.
Gold is of course one of the oldest forms of financial exchange and it is also seen as a means to look good with jewellery and it can be used for decorations as well. But what makes it such a good investment? When a credit crunch like this happens, gold is a reliable source of income. Given the fact that gold prices fluctuate up and down you can, by investing wisely in gold bullion, get to reap financial benefits while risks of loss will generally be on the low side.
To counteract the short term risks of fluctuations, you must consider purchasing gold bullion for the long term as then you are protected against daily fluctuations while at the same time you can expect some noticeable appreciation in the value of gold over the long term.
You can trade gold in the major world markets so your money is safely regulated. Ever since the 1970s, the US dollar has not been set against the gold standard so it can now be freely traded. So, people who have bought gold in the seventies have seen a massive appreciation in the value of gold.
To buy and sell gold you do not even need to physically trade the commodity. You can trade in markets that have been specifically designed for the trade of gold bullion like those in Austria or the world famous Zaveri market in Mumbai the capital of India.
5 Oct
Just about anyone in the jewelry business or a business dealing with precious metals knows the value of a good refiner. If you manufacture jewelry or manufacture using gold, silver or platinum you know how fast the tiny metal shavings and polishing dust adds up and before you realize it you have thousands in a small pile that looks more like vacuum bag trash than cold hard cash.
Others that don’t do a lot of heavy manufacturing still end up with broken 14k yellow gold chains, inventory that will not sell and bits and pieces from repairs and other jobs that were never picked up. With the spot metal price way over $900.00 per ounce the best thing to do is send it to a good refiner and put the cash in your bank.
Common Metals to Refine
Where to send metal is always a big question. In the past I have used several different refiners that were all known names in the jewelry industry. They did a good job but you always hear of how some will short you on the gold content or throw in a lot of extra fees because you had a tiny piece of platinum mixed in with your gold scrap. In the past I would send in several pounds of dust and a few ounces of semi-clean scrap. I would be charged from $100.00 to $400.00 depending on what was sent. Not too bad if you send in a large amount but if you have 2-3 ounces then those kind of fees will eat up your profit really fast.
A few day ago ( August 2009)I found I had a small amount of 14K gold and 18k yellow gold from past manufacturing jobs and a little 10K. I also had a few pieces that I was not sure about but did not have the tools to test them. Later I tried to buy a magnet to sort out any non-gold pieces but could not find one and gave up. At the end of August I noticed the gold price was over $950.00 per ounce so I sent in all my scrap to a place called Midwest Refiners. They advertise a fixed percentage based on gold content recovered and no up front or minimum fees. I had heard of them many years ago so I thought I would give them a try.
I sent my package double boxed with private insurance using Fedex as the shipper. I checked the online tracking and Fedex said it left the package on the porch with a signature release. Ok I did not need my Thousand dollar package on the front porch of a business that may be closed for the weekend so I called after hours and found out they had a safety box for secure delivery of shipments. Ok at least I know it was a safe delivery. A few days go by and I start to wonder if they finished processing my scrap. Of course it was after hours again so I made a note to call the next morning. Just then the mail gets dropped off and I have a check from Midwest Refiners dated the day after they received the box. It came with a photo copy of the gold filled pieces that I had questioned ( removed from the melt) and a total weight and metal contant just over 50%. For me this was a very fair gold percentage since 14K is 58% gold and 10K is way less. Also knowing a lot of 14K is really 13K or less I was happy with the report. Bottom line was I paid a very low percentage based on the amount of gold recovered and had a check for over $1500.00 ready to deposit. If you are looking for a good and fast refiner check out Midwest Refineers in Waterford Michigan. I will be using them again.
30 Sep
Before jumping head first into the gold bullion and coin market, you need to learn the rules and regulations of the trade in order to do things the right way. The main tip I can give you is to be smart about who you trade with, as there are scammers and dishonest traders who are prepared to take advantage of new gold bullion traders. Use common sense when you go to buy gold coin from any dealer, no matter how reputable they may be.
The first thing that you want to do is familiarize yourself with the selection of gold coin and bullion from a few different dealers. You will be able to meet other traders and dealers through this research as well as learning about the products themselves.
At a trading desk you can find information on any queries you may have about the gold bullion trade. Remember that no matter what gold dealer you are talking about, if they are not willing to help you out and offer you information and advice, then they are definitely not going to be worth doing business with.
A company specialising in trading gold bullion should be willing to help out a new trader, as they are more likely to pick up a customer in the process.
You will need to find the gold that you want to buy and then lock in your bid. Some dealers will put on auctions in the hope of driving up prices whilst others work on a straight buy/sell process. Make sure that you are aware of all the details, and most importantly how you are going to pay and where your gold is going to end up. Some dealers even offer you the option to place an order directly through the internet, and will deliver it to any location you wish.
26 Sep
The price of gold has touched $1,000 an ounce for the first time in six months. Is it a sign that investors feel the recession is over though? Others are less convinced about the strength of the recovery are moving into gold, which is usually sought a safe-haven from economic turmoil.
Over the previous year gold’s value has risen 13.6%, showing it is still one of the most favoured investment choices during inflation. This could be viewed two ways. Optimism would have us see it as a sign of recovery, getting out of the recession.
If you take this view, it would be a good idea to buy gold bullion coins coins before their value gets too expensive for you. You will be able to sell at a higher price. On the other hand, if you own any gold bullion coins now would be a good time to sell.
However, you may be a little more pessimistic, and see gold as a wealth protector in which case its high value might indicate people are still worried about the recession. Evidence of this could be that the US dollar has been depreciating in value which does not signal recovery.
Uncertainty on the part of businesses and traders has contributed to higher prices. Governments are increasing their gold reserves to protect their economic standing in the world.
There is no clear answer as to whether the global economy is going to improve or decline next, inflation rates are also being questioned. This has led to stock piling and hoarding of gold.
Gold reached an all-time record of $1,032 an ounce in March 2008. The price of gold has not reached $1000 since March 2009.
Troy ounces is the measurement used to measure gold. One ounce is equal to 31.1035 grams or 480 grains. One troy ounce is equal to 1.09711 avoirdupois ounce which are widely used to measure weights in the US and UK.
18 Sep
One of the best countries for gold bullion trading is Austria, which boasts of a very long tradition of dealing with gold and it is in fact a country that is known for minting many different gold coins. In Austria you can actually use their gold coins for purchases, fetching whatever their face value happens to be. A popular coin minted and traded in Austria is the .9999 Vienna Philharmonic coin which comes in the usual denominations of one, half, quarter and one tenth, and is a coin worth knowing about.
Starting to trade in gold bullion coins including the .9999 is easy, all you need to do is purchase them at an Austrian bank. Austria also has some of the most secure safes and storage facilities in the world, some as old as the earliest mints.
You can store your gold in a facility like the Das Safe, which is equipped with all the technology and manpower needed to store high amounts of gold. Das Safe is one of the oldest gold storage places in the world, holding over 1000 safe deposit boxes of varying size.
Using the Das Safe could cost you anything between 500 Euros and 3500 Euros every year, prices are agreed based on the amount of gold being stored and its market value. Up to four thousand coins can be stored by any one person.
If you are more interested in bars, then why not choose something like the Pamp Suisse which offers very attractive investment opportunities. Although the Austrian market has a smaller demand for bars than coins, they still reach their prime market value.
Gold bullion coins and bars both offer great investment opportunities so you are sure to be happy that you decided to trade in the Austrian gold market.