Friday, September 21, 2018

KUNDAN 4 GM, 24KT YELLOW GOLD COIN JUST AT Rs.13,999/- ONLY

September 21, 2018 0
Kundan 4 gm, 24KT Yellow Gold Coin

Price:

M.R.P.:   15,136.00
Price: 13,571.00 FREE Delivery.Details
You Save: 1,565.00 (10%)

Inclusive of all taxes
In stock.

Features:

*Product Code: GCROS4DG1; This coin is made of 24KT (999.9) purity, yellow gold
*The coin is 18 mm in length and 18 mm in width
*The product comes with manufacturer warranty
*Kundan provides buyback at the existing rate of gold or silver at the deduction of GST and making charges. In all cases, the current market value will be determined by Kundan
*This jewelry piece belongs to the Religious collection
*Produced using advanced Swiss technology and world-class refining technology and it comes in fully-guaranteed tamper-proof packs
*Kundan Care Lab is accredited from NABL (National Accreditation Board for Testing and Calibration Laboratories)
*The item will be delivered to you in a tamperproof package. Please inspect the package for any tampering before accepting the delivery


Buy Now


Tags Continue Reading
By at No comments:

GOLD vs. BITCOIN

September 21, 2018 1

GOLD VS. BITCOIN

Perhaps the most obvious difference between Gold and Bitcoin is this: Gold is a tangible physical Precious Metal, whereas Bitcoin is digital. Yet the distinctions between two-run much deeper. Today many big companies accept payment in the form of Bitcoin.

Physical Gold Metal

Gold Bars

Gold is a Precious Metal used by mankind as a medium of exchange for millennia. It is also useful in technology and manufacturing and is appreciated for its beauty in the form of jewelry, art, and keepsakes. Physical Gold is widely regarded as a sound long-term investment and a hedge against market volatility.Bitcoin, on the other hand, is a coded, crowdsourced currency that did not exist until 2009.

Bitcoin

Bitcoin

Bitcoin is the world's first decentralized digital currency. This novel system for virtual money was first proposed by software developer Satoshi Nakamoto in 2008 and made available to the public in 2009. This system allows members of the bitcoin community to mine new bitcoins using open-source software to solve complex mathematical equations. The total supply of bitcoins that can ever be mined is capped at 21 million. A bitcoin is represented by the record of its transactions between different addresses. Addresses consist of randomly generated sequences of letters and numbers. Users purchase bitcoin by using another sequence in the form of a private key that is kept secret. Miners must verify all bitcoin transactions.

BENEFITS AND RISKS OF BITCOIN CURRENCY

Bitcoins provide users with a unique trading experience. Unlike the American dollar and the British pound, bitcoin also referred to as cryptocurrency, is not regulated by a single central bank. In theory, this means the virtual currency is decentralized, democratized and can be accepted anywhere in the world. It also means that bitcoins are unregulated, which can open the door to corruption.

Growth of Bitcoin

In recent years, power struggles between key creators and traders have disrupted the bitcoin market. By the end of 2015, Chinese bitcoin miners controlled more than 50 percent of bitcoin currency creation, which significantly slowed the speed of transactions for non-Chinese users.

Digital Currency

Bitcoin

Bitcoins do not carry any personal identifying information such as names or physical addresses. The currency's potential for anonymous transactions made it particularly attractive on the black market. The Silk Road website, which was used to sell millions of dollars in illegal drugs and illicit goods, accepted only bitcoins. The website was shut down by the FBI in 2013 and its creator was prosecuted.

Value of Bitcoin

Because bitcoin is crowdsourced, its value is dependent on community participation. In its

Change in Bitcoin Value

early years, the cryptocurrency benefited from an enthusiastic base of developers and investors. Its popularity has since faded. In early 2016, Mike Hearn, a prominent bitcoin developer, declared the currency a failure and announced he had sold all of his bitcoins.It has failed because the community has failed. What was meant to be a new, decentralized form of money that lacked ‘systemically important institutions’ and was ‘too big to fail’ has become something even worse: a system completely controlled by just a handful of people.

INVESTING IN BITCOIN VS. INVESTING IN TANGIBLE GOLD

Value of Gold

As with any commodity, including physical Gold, bitcoin is subject to drastic price fluctuations. Between 2009 and the majority of 2013, the bitcoin price rose gradually from zero to near $200. The value of bitcoin then rose sharply to $1,242 in November 2013, nearly surpassing the price of Gold, which was trading around $1,250 an ounce. During the bitcoin price spike, dozens of websites launched to facilitate bitcoin investment. At the same time, bitcoin investing captured an enormous amount of attention in the media.

Investing in Cryptocurrencies

As more users chose to invest in bitcoin, miners worked to increase the worldwide supply

Bitcoin

and developers imposed higher transaction fees. Bitcoin could not maintain its peak price. Between the end of 2013 and the beginning of 2016, bitcoin's value steadily decreased to less than $400.
Investing in bitcoin was never guaranteed to yield returns. Bitcoin is not intended to be an investment and has always been advertised pretty accurately: as an experimental currency which you shouldn’t buy more of than you can afford to lose.

Supply and Demand

Similarly, market pressures drove the Gold price to historic highs between 2011 and 2013, exceeding $1,900 an ounce in September 2011. Prices remained above $1,000 an ounce into 2016. While Gold prices have responded to supply and demand, fluctuations are less extreme than many other investment commodities, including bitcoin

To know more follow me here BigBullion
Tags # MY BLOG Continue Reading
By at 1 comment:
Labels:

Tuesday, September 18, 2018

THE FUTURE OF GOLD!!

September 18, 2018 0

The Future of GOLD !! 

If gold is relatively rare and most of it has already been mined, does it have much of a future?

One thing to remember is that a significant portion of the world's supply of GOLD is held in reserve by central banks or by individuals who keep gold as an investment. By some estimates, so-called "bar hoarding" accounts for nearly 236 tons (214 metric tons) of GOLD. Recycling also plays an important role. Approximately 85 percent of all the GOLD ever found is still being used today, which means that the GOLD in your favorite jewelry could have once glittered from the headdress of an Incan or Aztec king.
Some scientists are looking to the heavens to find more gold. In 1998, the Near Earth Asteroid Rendezvous (NEAR) spacecraft passed close to the asteroid Eros and sent back data indicating that the potato-shaped space rock was a vast warehouse of metals. If Eros is typical of stony meteorites that crash to Earth, then it contains about 3 percent metal. Given the dimensions of the asteroid, NASA scientists estimate that Eros may house
The Potato-Shaped Space Rock -A Vast Warehouse of Metals

20 billion tons (18.1 billion metric tons) of gold and similar amounts of other metals, such as aluminum and platinum. Back on Earth, prospectors continue to search for new gold deposits using new, highly sensitive methods of detection. These new methods greatly increase the odds that once-overlooked gold will be discovered. For example, a gold mine near Carlin, Nev., is producing gold from a large low-grade deposit that was opened in 1965 after intensive scientific and technical work had been completed. Other such deposits most certainly exist.
"NO DIRTY GOLD" - A CAMPAIGN RUN TO
RAISE THE ENVIRONMENTAL STANDARDS
OF GLOBAL MINING INDUSTRY.
Wherever new mines are established, mining companies will need to focus more on the environmental impact of their operations. Extracting a single ounce of gold requires the removal of 250 tons (227 metric tons) of rock and ore. Then there's the effluent -- the cyanide-laced liquid from the extraction and refining processes -- that's most often dumped offshore. "No Dirty Gold," a campaign run by the nonprofit Earthworks, seeks to raise the environmental standards of the global mining industry. The campaign has enlisted the support of 30 of the world's leading jewelry companies, persuading them to stop selling gold from mines with questionable practices.
Such a campaign is unlikely to stop the global demand for gold. But perhaps it will make us realize that the gold rings on our fingers have a life and a history far beyond our own.
To know more Follow me on BIG BULLION
Tags # MY BLOG Continue Reading
By at No comments:
Labels:

Tuesday, September 4, 2018

TOP COMMON USES OF GOLD

September 04, 2018 0
TOP COMMON USES OF GOLD

GOLD - THE MOST USEFUL METAL
Of all the minerals mined from the Earth, none is more useful than gold. Its usefulness is derived from a diversity of special properties. Gold conducts electricity, does not tarnish, is very easy to work, can be drawn into wire, can be hammered into thin sheets, alloys with many other metals, can be melted and cast into highly detailed shapes, has a wonderful color and a brilliant luster. Gold is a memorable metal that occupies a special place in the human mind. Gold has been revered in almost all human cultures for as long as civilizations have been able to admire – and use – this precious metal’s unique properties. Gold is extremely malleable, conducts electricity, doesn’t tarnish, alloys well with other metals and is easy to work into wires or sheets. Not to mention, gold is unrivaled in its natural brilliant luster and glossy shine. Because of these unique properties, gold makes its ways into almost every sphere of modern life in some way, shape or form.

 Here are the most common uses of GOLD in the World today:

 1) Jewelry: The Primary Use of GOLD:
GOLD  JEWELLERY
About 78% of gold consumed each year is made into jewelry. Jewelry is the most common way gold reaches consumers and has been a primary use for the metal in various cultures. Because of its beautiful and durable properties, gold jewelry is an adornment that is both ethereal and revered. Especially in India, adorning the body with gold is a way to attract wealth and blessings.
Gold has been used to make ornamental objects and jewelry for thousands of years. Gold Nuggets found in a stream are very easy to work and were probably one of the first metals used by humans. Today, most of the gold that is newly mined or recycled is used in the manufacture of jewelry. About 78% of the gold consumed each year is used in the manufacture of jewelry.
Special properties of gold make it perfect for manufacturing jewelry. These include very high luster; desirable yellow color; tarnish resistance; ability to be drawn into wires, hammered into sheets, or cast into shapes. These are all properties of an attractive metal that are easily worked into beautiful objects. Another extremely important factor that demands the use of gold as a jewelry metal is a tradition. Important objects are expected to be made from gold.
GOLD BANGLES
Pure gold is too soft to stand up to the stresses applied to many jewelry items. Craftsmen learned that alloying gold with other metals such as copper, silver, and platinum would increase its durability. Since then most gold used to make jewelry is an alloy of gold with one or more other metals.


2)Financial GOLD: Coinage, Bullion, Backing:

Because gold is highly valued and in very limited supply, it has long been used as a medium of exchange or money. The first known use of gold in transactions dates back over 6000 years. Early transactions were done using pieces of gold or pieces of silver. The rarity, usefulness, and desirability of gold make it a substance of long-term value. Gold works well for this purpose because it has a high value, is durable, portable, and easily divisible.
GOLD COINS
The gold used as a financial backing for currency was most often held in the form of gold bars, also known as "gold bullion." The use of gold bars kept manufacturing costs to a minimum and allowed convenient handling and storage. Today many governments, individuals, and institutions hold investments of gold in the convenient form of bullion.
The first gold coins were minted under the order of King Croesus of Lydia (a region of present-day Turkey) in about 560 BC. Gold coins were commonly used in transactions up through the early 1900s when paper currency became a more common form of exchange. Gold coins were issued in two types of units. Some were denominated in units of currency, such as dollars, while others were issued in standard weights, such as ounces or grams.
BULLION - GOLD
Today gold coins are no longer in wide use for financial transactions. However, gold coins issued in specific weights are popular ways for people to purchase and own small amounts of gold for investment. Gold coins are also issued as "commemorative" items. Many people enjoy these commemorative coins because they have both a collectible value and a precious metal value.

3) Uses of GOLD in Electronics:

The most important industrial use of gold is in the manufacture of electronics. Solid state electronic devices use very low voltages and currents which are easily interrupted by corrosion or tarnish at the contact points. Gold is the highly efficient conductor that can carry these tiny currents and remain free of corrosion. Electronic components made of gold are highly reliable. Gold is used in connectors, switch and relay contacts, soldered joints, connecting wires and connection strips.
A small amount of gold is used in almost every sophisticated electronic device. This includes cell phones, calculators, personal digital assistants, global positioning system (GPS) units, and other small electronic devices. Most large electronic appliances such as television sets also contain gold.
USES OF GOLD IN ELECTRONICS
One challenge with the use of gold in very small quantities in very small devices is a loss of the metal from society. Nearly one billion cell phones are produced each year, and most of them contain about fifty cents worth of gold. Their average lifetime is under two years, and very few are currently recycled. Although the amount of gold is small in each device, their enormous numbers translate into a lot of unrecycled gold.

4) Medical Uses of GOLD:
MEDICAL USES OF GOLD
Gold makes for the best fillings, crowns, bridges and orthodontic appliances because the metal is chemically inert, easy to insert and non-allergenic. Gold has been used in dentistry since 700 B.C. and will probably continue to be the best option for replacing broken or missing teeth. In the medical field, small amounts of gold isotopes are used in certain radiation treatments and diagnosis.
Gold is used as a drug to treat a small number of medical conditions. Injections of weak solutions of sodium aurothiomalate or aurothioglucose are sometimes used to treat rheumatoid arthritis. Particles of a radioactive gold isotope are implanted in tissues to serve as a radiation source in the treatment of certain cancers.
Small amounts of gold are used to remedy a condition known as lagophthalmos, which is an inability of a person to close their eyes completely. This condition is treated by implanting small amounts of gold in the upper eyelid. The implanted gold "weights" the eyelid, and the force of gravity helps the eyelid close fully.
MEDICAL USES OF GOLD
Radioactive gold is used in diagnosis. It is injected in a colloidal solution that can be tracked as a beta emitter as it passes through the body. Many surgical instruments, electronic equipment, and life-support devices are made using small amounts of gold. Gold is nonreactive in the instruments and is highly reliable in the electronic equipment and life-support devices.

5)Uses of GOLD in Aerospace:


In the aerospace industry where reliable and effective technologies are key to survival, gold plays an essential role. Gold is used to lubricate mechanical parts, conduct electricity and coat the insides of space vehicles to protect people inside from infrared radiation and heat.
USES OF GOLD IN AEROSPACE
If you are going to spend billions of dollars on a vehicle that when launched will travel on a voyage where the possibility of lubrication, maintenance, and repair is absolutely zero, then building it with extremely dependable materials is essential. This is exactly why gold is used in hundreds of ways in every space vehicle that NASA launches.
Gold is used in circuitry because it is a dependable conductor and connector. In addition, many parts of every space vehicle are fitted with the gold-coated polyester film. This film reflects infrared radiation and helps stabilize the temperature of the spacecraft. Without this coating, dark-colored parts of the spacecraft would absorb significant amounts of heat.
USES OF GOLD IN AEROSPACE
Gold is also used as a lubricant between mechanical parts. In the vacuum of space, organic lubricants would volatilize and they would be broken down by the intense radiation beyond Earth's atmosphere. Gold has a very low shear strength, and a thin film of gold between critical moving parts serves as a lubricant - the gold molecules slip past one another under the forces of friction and that provides a lubricant action.

5)Uses of Gold in Awards & Status Symbols:

USES OF GOLD IN OLYMPICS MEDALS
As a highly esteemed precious metal, gold makes a natural appearance in crowns, awards, and religious statues. Because of its unparalleled beautiful qualities and rarity, gold is one of the highest status symbols. In everything from Academy Awards to Olympic medals, gold is recognized for its admirable qualities and it holds a permanent place of value in humanity’s eyes.
What metal is used to make the crown worn by a king? Gold! This metal is selected for use because gold is THE metal of highest esteem. It would make no sense to make a king's crown out of steel - even though steel is the strongest metal. Gold is chosen for use in a king's crown because it is the metal associated with the highest esteem and status.
Gold is associated with many positive qualities. Purity is another quality associated with gold. For this reason, gold is the metal of choice for religious objects. Crosses, communion ware, and other religious symbols are made with gold for this reason.
Gold is also used as the first place winner's medal or trophy in almost any type of contest. First-place winners at the Olympic Games are given gold medals. The Academy Awards Oscars are gold awards. Music's Grammy Awards are made of gold. All of these important achievements are honored with awards made of gold.

For further details follow me on - https://bigbullion.blogspot.com
Tags # MY BLOG Continue Reading
By at No comments:
Labels:

BEST SILVER COINS FOR INVESTING

September 04, 2018 0

BEST SILVER COINS FOR INVESTING

AMERICAN  SILVER  EAGLE
American Silver Eagle :

It was first released by the United States Mint on November 24, 1986. It is struck only in the one-troy ounce size, which has a nominal face value of one dollar and is guaranteed to contain one troy ounce of 99.9% pure silver. It is authorized by Title II of Public Law 99-61 (Liberty Coin Act, approved July 9, 1985). Its content, weight, and purity are certified by the United States Mint. In addition to the bullion version, the United States Mint has produced a proof version and an uncirculated version for coin collectors. The Silver Eagle has been produced at three mints: the Philadelphia Mint, the San Francisco Mint, and the West Point Mint. The American Silver Eagle bullion coin may be used to fund Individual Retirement Account investments.
It is the official bullion silver coin of the United States the American Silver Eagle debuted in 1986 with 1 Troy oz of .999 pure silver. The coin features the iconic Walking Liberty design from Adolph A. Weinman on the obverse and the US heraldic shield on the reverse.


The Canadian Silver Maple Leaf Coins :

THE  CANADIAN  SILVER  MAPLE  LEAF  COIN
The Canadian Silver Maple Leaf is a silver bullion coin that is issued annually by the Government of Canada. It is produced by the Royal Canadian Mint. The Silver Maple Leaf is legal tender. The face value is 5 Canadian dollars. The market value of the metal varies, depending on the spot price of silver. The 99.99% silver content makes the coin among the finest official bullion coins worldwide. The standard version has a weight of 1 troy ounce (31.10 grams).
The Silver Maple Leaf's obverse and reverse display, respectively, the profile of Elizabeth II and the Canadian Maple Leaf. In 2014, new security features were introduced: radial lines and a micro-engraved laser mark.
The Royal Canadian Mint is one of the highly respected, state-of-the-art facilities in the world. The official sovereign mint of Canada, RCM is best known for the production of the nations official bullion coins, The Canadian Silver Maple Leaf. Available in Gold, Platinum, and Palladium, The Canadian Silver Maple Leaf Coin is also available and an extremely popular Coin with investors around the Globe


APMEX 1oz Fine Silver Rounds :

AMPEX  FINE  SILVER  ROUND
While Silver Eagles command a premium due to their easy recognition, and Maple Leafs are valued for their stunning beauty and low mintage quantities, when it comes to getting the most silver for your buck, APMEX Fine Silver Rounds are your best bet—at least in terms of “coin” form. Technically, non-legal tender issues by private minters are not considered “coins” at all and must be referred to as “rounds” for legal purposes. But silver is still silver, no matter if it’s issued by the U.S. government or a for-profit corporation like APMEX, and the latter’s “rounds” are among the most widely recognized and accepted of private issues.
APMEX rounds are .999 fine silver and sell for $0.79 over spot at APMEX’s Web site, http://www.apmex.com. APMEX stands for American Precious Metals Exchange, and the firm also sells Eagles, Maple Leafs, and other government and private silver coins and rounds, as well as gold, palladium, and platinum. APMEX rounds aren’t as visually striking as the higher premium government issues, but at some level, silver is silver, and APMEX rounds are easy to store and trade without costing much over spot beyond the coinage costs.


The Morgan Dollar :
THE  MORGAN  SILVER  DOLLAR

The Morgan dollar was a United States dollar coin minted from 1878 to 1904, and again in 1921. The coin is named after its designer, United States Mint Assistant Engraver George T. Morgan. The obverse depicts a profile portrait representing Liberty, while the reverse depicts an eagle with wings outstretched.
Morgan Silver Dollars are U.S. government, legal-tender coins. They’re 0.86-ounce coins made up of 90% silver and 10% copper, giving them a silver weight of 0.77344 troy ounces—almost exactly the silver content of the original Spanish dollars on which the U.S. currency was initially based.
Although many Morgan Silver Dollars have enormous numismatic premiums, lower-quality coins from years in which many were minted can be purchased at just a little over the spot price of silver. Normally, coins of .999 silver purity are preferable to those mixed with other metals, but the Morgan Silver Dollar is so highly recognizable; it is a rare exception to this rule.


The Austrian Silver Philharmonic :
It is a rare coin that even outdoes the Canadian Silver Maple Leaf in terms of beauty. It is also the only silver coin that is denominated in euros, with a legal tender value of €1.5. One side of this coin features selected instruments from Austrian Philharmonic Orchestra—a national treasure of Austria—while the other side depicts the Golden Hall in Vienna, which is the site of the orchestra’s annual New Year’s Day concert. Fans of Austrian economics also seem to have a soft spot for these coins.

THE  AUSTRIAN  SILVER  PHILHARMONIC
Austrian Philharmonics trade for $2-3 over spot, new, but the 2008 issues are already commanding a premium of at least $2.30—and that’s for orders of five hundred or more! A single 2008 Austrian Philharmonic coin can be purchased from APMEX for around $3.50 over spot, with price breaks at the purchase levels of twenty, one hundred, and five hundred. Two-thousand-nine Philharmonics start out at $2.30 over spot and can be had for as little as $1.79 over spot for very large orders.

To know more follow me on- https://bigbullion.blogspot.com/

Tags # SILVER COINS Continue Reading
By at No comments:
Labels:

Monday, August 27, 2018

FASCINATING FACTS ABOUT GOLD

August 27, 2018 0
50 FACTS ABOUT GOLD

1- The World pours more Steel in an Hour than it has poured GOLD since the beginning of recorded history

2- GOLD has been discovered on every Continent on Earth.

3- GOLD can conduct both Heat and Electricity and it never Rusts.
GOLD CAN CONDUCT HEAT AND ELECTRICITY


4- It is thought that 80% of the World's GOLD is still in the ground.

5- 75% of all GOLD in circulation has been extracted since 1910.

6- A medical study in France from the early 1900s suggests that GOLD is an effective treatment for RHEUMATOID ARTHRITIS.

7- GOLD is so pliable it can be made into Sewing Thread , one ounce can be Stretched over Miles.
PLIABLE GOLD

8- GOLD is Edible and used in some desserts.

9- Some native American Tribes believed consuming GOLD could allow Humans to Levitate.
LEVITATING HUMAN
10- The Largest NUGGET was 10"*25", yielding 2,249 ounces of PURE GOLD.
LARGEST GOLD NUGGET IN THE WORLD 
11- The largest GOLD NUGGET ever found was just 2 inches below the surface.

12- In March 2008, the Price of GOLD hit $1000 an Ounce for the first time.

13- Demand for GOLD rose sharply in 2008 during recession.

14- GOLD is chemically Inert, so it never causes skin irritation. 

15- One Cubic Foot of GOLD weighs Half a Ton.

16- The World's Largest GOLD Bar weighs 250 KG (551 LB).

WORLDS LARGEST GOLD BAR
17- The last time Olympic GOLD Medals were Entirely of GOLD was in 1912.

18- The INCAS thought GOLD represented their Sun God and called it "TEARS OF THE SUN".

19- Around 1200 BC, Egyptians used Unshorn Sheepskin to mine for GOLD Dust from the Sands of the Black Sea.

20- In Ancient Egypt, GOLD was Unavailable to anyone but the Pharaohs.

21- There are more than 400 references to GOLD in the Bible.
 REFERENCES OF GOLD IN THE BIBLE
22- GOLD was mentioned as one of the Gifts of the MAGI.

23- The Greeks thought that GOLD was a dense combination of Water and Sunlight.

24- In 560 BC, the Lydians introduced the first GOLD Coin.

25- The Chemical Symbol for GOLD is AU, from the Latin word 'AURUM' meaning 'Shining Dawn'.

26- During the Fourteenth Century, drinking Molten GOLD and Crushed Emeralds was used as  a treatment for the Bubonic Plaque.

27- In 1511, King Ferdinand of Spain Coined the immortal phrase 'Get GOLD, Humanely if possible - but at all Hazards, Get GOLD'.

28- Both Greeks and Jews begin to Practice Alchemy in 300 BC.
Alchemy is the very old study and philosophy of how to change basic substances (such as metals) into other substances.

ALCHEMY SYMBOLS

29- Originally the U.S. Mint made $2.50, $10, and $15 Coins of Solid GOLD. Minting of GOLD Stopped in 1933, during the Great Depression.

30-The San Francisco 49ERS are named after the 1849 GOLD rush Miners.

31- GOLD and COPPER were the first Metals to be Discovered by Humans around 5000 BC.

32- The Worlds Largest Stockpile of GOLD can be found Five Stories Underground inside the Federal Reserve Bank of New York's Vault.
FEDERAL BANK OF NEW YORK'S VAULT

33- That Vault holds 25% of the World's GOLD Reserve (540,000 GOLD Bars)

34- The Mines of South Africa can Descend as far as 12,000 feet and reach Temperatures of 130 degree F.

35- Approximately 142,000 Tons of GOLD have been mined throughout History.

36- The First GOLD ever Discovered in the U.S. was a 17- Pound Nugget found in Cabarrus, NC.
FIRST GOLD NUGGET DISCOVERED IN THE U.S.

37- In 1848, GOLD was discovered near Sacramento, speaking the California GOLD Rush.

38- The Purity of GOLD is measured by a unit called Karat.

39- "Solid GOLD" is GOLD that has a Minimum Purity of 10 Karat.

40- Standard Karats found are 10, 12, 14, 18, 22, or 24. The higher the Number, the Greater the Purity.

STANDARD KARATS CHART

41- Pure GOLD must have Karat of 24. Pure GOLD is so soft that it can be Molded by Hand.

42- The Size of a Standard GOLD Bar is 7' by 3 and 5/8' by 1 and 3/4'.

43- There is an estimated total of 10 Billion Tons of GOLD in the Oceans.

44- The World's First GOLD Vending Machine was Unveiled in May 2010 in Abu Dhabi.

FIRST GOLD VENDING MACHINE - ABU DHABI

45- In 1968, GOLD was made the Official State Mineral of Alaska.

46- There are roughly 311 grams of GOLD for every 1000 Smartphones.

47- Gold is Softest among Precious Metals.

48- Gold is the only Metal that is naturally Yellow in Color.

49- We actually have around 0.2 milligrams of GOLD in our Bodies.

SOFTNESS OF GOLD
50- When flattened out by a hammer an Ounce of GOLD will only measure a single 10.7 Square Yard Sheet.

To know more follow me on- https://bigbullion.blogspot.com/
Tags # GOLD PRODUCTS Continue Reading
By at No comments:
Labels:

Saturday, August 25, 2018

GOLDEN TIPS ON BUYING GOLD

August 25, 2018 0

GOLDEN TIPS ON BUYING GOLD
From investment point of view, one should invest in bars, coins and not jewellery. You may not get a good price for jewellery because of making and processing charges involved in it. If you sell gold after keeping it for less than three years of buying it, you have to pay 30% capital gain tax. Tax will be 20% if you sell after three years.
Here are some tips that you must consider before buying gold:
1- Level of Purity - Ensure that the gold you are buying is pure. Karat is the unit used to measure the purity of gold, higher the karat, more pure the gold is. Therefore, 24, 22, 18 karat gold has the purest form in that order. In case of 24k gold, all 24 parts in the gold are pure gold with extremely low level of impurities. If you are purchasing for investment purpose, 24K suits else opt for 22K if you intend to use it for your own consumption. The price of 24K is higher than lower karat gold.
For instance ,22k gold is 91.6% gold as it contains 22 parts gold and 2 parts of other metal. Likewise, 18k gold is made up of 18 parts of gold and 6 parts of other metals, making it 75% gold .Research the type of gold you want and the different rates based on purity levels.
2-When to buy Gold- When looking to buy gold bullion,keep an eye out for any major news and announcements coming 
from institutions including Banks, the Stock Exchange, Wall Street, Governments etc. Negative 
economic and political messages regarding Credit, Currency, Stocks, Debt, Property, Unemployment 
and Quantitative Easing create unrest, with particular reference to the more influential economies 
such as those of the US, China and Europe. 
As a general rule of thumb it is said when other investments such as property and stocks are underperforming, the price of gold and silver rise as it is believed many major investors and companies use gold as an insurance policy to cover these losses accumulated elsewhere. This often provides an ideal time to add more gold bullion to your portfolio or enter the market for the first time.

3- Cost per gram - Before buying any amount of gold, ensure you check the per gram cost. This will give you a fair idea of the current price of gold in the market. Remember that gold prices can vary at different showrooms . This is because they come from different associations of gold jewellers . However , the biggest jewellers usually have similar rates .



 4- Genuine Certification – Gold that does not carry certification by BIS (Bureau of Indian Standard) may not be the real deal. India has over 13000 BIS hallmark jewellery showrooms , which are responsible for ensuring gold is of genuine quality and needs certain standards . However, according to the QUINT, less than one in every 3 pieces of jewellery sold in India currently is guaranteed for quality and purity that is hallmarked. Thus, whether it is good jewellery to wear or a gold coin for investing purposes , make your purchase only after you see evidence of the BIS hallmark.


5-Fineness: Fineness shows the purity of precious metals by parts per thousand rather than karats. Fineness is another way of expressing the precious metal content of gold jewellery, and represents the purity in parts per thousand. When gold is refined to a fineness level of 999.9 parts per thousand it is stated as 999.9.
So whenever you go to purchase gold it is suggested to ask for its fineness.



6-Return policy: Always check for the website or seller's return or buyback policy while buying gold online. These days most big gold chains have their online stores and they offer both returns and exchange. However, the exchange policy of gold has stricter terms and conditions as compared to other items sold online. So, it is important to go through the terms and conditions carefully before making your purchase decision.


To know more follow me on -https://bigbullion.blogspot.com/
Tags # GOLD PRODUCTS Continue Reading
By at No comments:
Labels: