Big Bullion: GOLD PRODUCTS

Showing posts with label GOLD PRODUCTS. Show all posts

Monday, August 27, 2018

FASCINATING FACTS ABOUT GOLD

Atishay Jalan 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.

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Saturday, August 25, 2018

GOLDEN TIPS ON BUYING GOLD

Atishay Jalan 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.

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INVESTING IN GOLD

Atishay Jalan August 25, 2018 0

IS IT BENEFICIAL TO INVEST IN GOLD

GOLD BARS

Many experts, including the World Gold Council, advise putting between 5 and 10% of your portfolio into ‘safe heaven’ investments, and gold has classically been one of the top choices for this.

The reasoning is that, from a historical perspective, gold prices tend to move independently and often contrary to movements in the price of other assets. Therefore if the value of all your shares, property and other investments goes down, the expectation is that the price of gold will not move the same way and may well rise to offset some of your losses. Furthermore, physical gold in your possession has no counterparty risk (unlike savings stored in the account of a bank that may fail, or shares in a company that could go into liquidation), and is therefore viewed as even safer in the event of extreme economic stress. For this reason, it has been considered a ‘safe’ investment strategy to commit some of your portfolio to gold because its value may increase in the kind of economic climate that would see your other investments losing value.

This interest in gold and other precious metals is shared across the world. In Germany, for example, investors consider gold as a better investment to protect their wealth than in bank saving accounts. China has one of the longest and most detailed written histories in the modern world, and the stories it tells all include gold, silver, and even copper. Gold is symbolic of wealth and luck in China, and the giving of golden (and more recently golden-coloured) gifts has always been the hallmark of high-status people. Similarly, precious metals also have a long and hallowed history in India, but gold, in particular, is revered. The gift of a gold dowry is an essential part of most traditional Indian weddings to this day.

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