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Gold Commodity Market

August 6th, 2009 admin Posted in Gold and Silver Investments No Comments »


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A commodity is a product for which there is a demand. That demand is determined by market conditions. One other component of a commodity is that wherever it comes from it is the same. Gold is gold, whether from South Africa or Russia (in its original form). Therefore, we can say gold is a commodity whose price is determined by the market. Institutions like government banks make the bulk of the purchases, which leaves room for them to manipulate the market. Gold as a commodity at this time is not being found in greater amounts than before, and it is not an easy process to mine it. Therefore, it is a perfect hedge against inflation.

As of now gold commodity prices seem to be hovering around $950 an ounce with differing opinions about how high it will go. Few are saying it will go lower, most say higher. A minority is talking about $2500 an ounce in the very near future. Economic conditions would have to considerably worsen for this to happen, but it is a good possibility.

A gold commodity takes a variety of forms from coins to bars to bullion, to an investment in a single gold mining company to funds that invest in a basket of gold producing companies. Gold will never be worth nothing as a nation's currency might, because nations can print all the money they wish. Gold is sometimes feared by governments and in 1933 President Roosevelt by Executive Order No. 6102 confiscated much of the personal gold of the citizens. There are those who say it will happen again. I do not believe this to be true, because in the 1930's people actually carried around gold coins as currency. Relatively few people have gold today, except for their jewelry, up to this point in time. Certainly not enough for the government to fear.

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Buy Gold Bullion At No Premium

May 24th, 2009 admin Posted in Gold and Silver Investments No Comments »


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The following is taken, with permission, from Peter Macfarlane's special "Gold Report" Available only to members of the Q Wealth Report where you can learn to buy and store gold bullion from the masters:

How To Buy Gold At No Premium Using COMEX

Making a gold investment is a great way to protect your wealth and put your assets into a safe haven and ensure your future security. The problem is that when you buy gold, you quite often have to pay for it at a premium. This can pose quite an expense. The following article details one method for buying gold without paying a premium on it at all, a method that- if you are a mid to large investor will save you a huge amount of money:

To buy on the COMEX, the minimum purchase is one hundred ounces.  As Big Gold’s editors say, “You can elect to play with the big boys and get your 100-ounce bar on the COMEX, where the bullion banks and giant funds do their trading.”

What is the COMEX? It’s a place where speculators make and trade contracts future delivery. It’s really a money game – 99.9% of those contracts get settled bank-to-bank in fiat money and as such are closed out before the contracted delivery date.  Very little physical gold changes hands on the COMEX. But every participant who ‘goes long’ does have the right to pay in full at the end of the contract, and insist on actual physical delivery of the gold.

There have been some questions about whether all the gold traded on the COMEX really exists. I wouldn’t frankly be surprised to find it didn’t all exist. But, while most trades are settled on paper, they are certainly not going to risk rocking the boat by refusing to honour physical delivery on the 0.1% of transactions where it is actually requested.

If you decide to proceed with the idea of buying on the COMEX, you will first need an account with a futures broker. This could be a US futures broker, as referred to in the original Big Gold article.

You might equally choose, however, to trade through any international broker that has access to US futures trading. This is where it gets more interesting from a privacy perspective. Again, one could take a Panama Foundation, open a brokerage account at an offshore brokerage such as Thales Securities, then go ahead and buy the futures contracts through that brokerage account. We talked to Thales and they confirmed that this strategy would work through their offshore brokerage system.

You won’t get the gold immediately, because remember you have to wait for the contract to reach its maturity. The good thing, however, is that you don’t have to pay for it immediately either – you can buy it on margin. The minimum margin required varies and is set at the exchange’s discretion. For a single gold contract, at the moment, it would be about 7% of the contract’s value.

Speculators play the market game that way, with as little up front cash as possible. But if you are not going to watch the trade every day, be careful. As the Casey Researchers warn, “That won’t be a problem if the price of gold rises, since the broker will be crediting a matching amount of cash to your account on a daily basis. But you have to be careful if the price of gold falls, because the broker will then charge your account for a matching amount of money day by day – and to keep the balance from going below the minimum margin requirement, he’ll send you a margin call, insisting that you deposit more cash. If you fail to do so, the broker will enter a sale order for you, and you’ll be out of the market.”

Once your contract matures, it’s time to start thinking about how to take delivery of the physical gold – assuming that is your aim. On the agreed settlement date, your brokerage account will be debited an amount equal to the settlement price multiplied by the exact weight of the particular bar that’s been assigned to you (different bars may have slightly different weights).

What happens then is that the COMEX will hand your broker a warehouse receipt with the details of your specific bar (hallmark, serial number, and weight to one-thousandth of an ounce). The broker can either hold the receipt in your account or hand it over to you. If you take possession, don’t lose it! It is a bearer instrument that cannot be replaced.

Next, of course, you will want to trade that piece of paper in as soon as possible for the real physical gold bar which you wanted from the very start.  The bar itself will be in one of four designated COMEX depositories, all of which are either in or close to New York City. If you want to take the bar home, you can either show up at the specified depository and pick it up, or arrange for third-party delivery. There is a fee for handling the withdrawal of the bar – estimated at $150. You might plan to hand-carry your gold, but remember it is pretty heavy stuff so you might want to budget in some costs for secure transport too.

The only other cost you might incur is reassaying of the bar when you wish to sell it (this applies equally, of course, to any physical gold you sell) This is to check you haven’t secretly melted down the bar at home and removed some of the gold content. As part of a prospective buyer’s due diligence, they will likely want a professional certification that it was genuine to begin with and hasn’t been tampered with while in your possession. The COMEX provides a list of approved assayers on its website. The one Big Gold contacted, Ledoux and Co., quoted them $300 per bar for the service.

So that, in short, is how an Offshore Corporation or Foundation can buy physical gold at no premium for delivery in the USA.

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Gold As A Monetary Role

May 23rd, 2009 admin Posted in Gold and Silver Investments No Comments »


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Welcome to Part 3 of our series on Why To Buy Gold Bullion. If you missed part 2 you can get it here: US Dollar Devaluing

The gold standard has always been the anchor of world finance in the 19th Century but began breaking down in the early 20th century during world war I as governments engaged in unprecedented spending. Then it collapsed in the 1930s when the British Empire, the US, and France all abandoned their parities.

After world war II it was revived as part of fixed dollar system (Bretton Woods) until US President Richard Nixon was forced to close the gold window in 1971 in order to halt the dramatic outflow of gold caused by foreign central banks (France) changing their dollars for gold.

Ever since 1971 the US dollar has lacked any external anchor. It is widely argued that the financial excesses and extreme debt leverage of the last quarter century would have been impossible - or less likely - under the discipline of gold.

It seems now that after 38 years gold becomes an attractive alternative again for some foreign nations since the dollar as a wolrd reserve currency is losing confidence fast.

We’ve seen  China upping up its gold reserves and calling for a new world reserve currency that belongs to no individual nation. It seems that Russia is thinking alike:

Russia backs return to Gold Standard to solve financial crisis
Telegraph.co.uk – March 31, 2009

Russia has become the first major country to call for a partial restoration of the Gold Standard to uphold discipline in the world financial system.

Arkady Dvorkevich, the Kremlin's chief economic adviser, said Russia would favour the inclusion of gold bullion in the basket-weighting of a new world currency based on Special Drawing Rights issued by the International Monetary Fund.

And what about the US itself? Do they back the idea of a new world reserve currency?

The answer is rather predictable:

Obama dismisses need for new international reserve currency
Washington - March 25, 2009

U.S. President Barrack Obama sees no need for a new global reserve currency as proposed by Russia and China, declaring the dollar "extraordinarily strong."
"I don't believe that there is a need for a global currency," Obama said during a prime-time news conference on Tuesday.
Russia has submitted a proposal to the G20 summit due in London next week for the IMF to examine creating a supra-national reserve currency, a move that was supported by the chairman of the People's Bank of China in an essay released on Monday.

You don’t have to be a genius in order to understand why the US does not want to give up the exclusive rights to print the world reserve currency.

De Gaulle called the Dollar "America's exorbitant privilege", repeating a phrase of his favorite economist, Jacques Rueff. This privilege gave the United States exclusive rights to print the Dollar, the world's "reserve currency", and force it on everyone else in payment of debt. Under the post-war Bretton Woods Agreement of 1946, the Dollar could not be refused.

Or as Amsel Rothchild once said:

Give me the right to print money and I care not who makes the laws.
He who controls the money streams rules.
Amsel Rothchild.

The battle for a new world reserve currency will unfold itself over the next few years whereby gold will shine as the only currency which no nation has the capability to destroy its value.

Eric Hommelberg
The Gold Drivers Report

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US Dollar losing status as world reserve currency

May 22nd, 2009 admin Posted in Gold and Silver Investments No Comments »


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This is part 2 to yesterdays post about Why Gold Is The Ultimate Form Of Payment.

You may wonder why De Gaulle didn’t trust the dollar since the US had pledged the dollar to be as good as gold in accordance with the Bretton Woods agreement. The answer is simple. In the mid sixties the US couldn’t finance the Vietnam war without the help of the printing press. Needless to say the US money supply took off thereby debasing its own currency. For the US it didn’t matter since the world was forced anyhow to accept the US dollar as a reserve currency. Yes, the US promised the dollar to be as good as gold and yes, foreign central banks were allowed to exchange their dollars for gold but the US made it very clear that foreign nations exercising their right of exchanging dollars for gold would be considered as ‘American unfriendly’.

Sure enough De Gaulle wasn’t too much impressed and sent the French navy across the Atlantic to hand over dollars and pick up gold bullion in exchange. The US gold reserves were shrinking at such an alarming rate that President Nixon was eventually forced (1971) to close the gold window.

The bottom line is that countries printing their way out of debt will see its currency depreciating. A good example concerns the German Reichsmark. After world war I Germany tried to print its way out of its debt which eventually led to a worthless currency being used to heat up stoves.

A more recent example concerns the Zimbabwean dollar. Robert Mugabe called for the printing press coming to the rescue as well but we all know the outcome by now. Inflation numbers running at levels exceeding 200 million % aren’t exactly reflecting a strong currency showing off much confidence.

What we are witnessing these days is a massive currency debasement on a world wide scale. A trillion dollars bailout here, a trillion dollars bailout there, all done with money that does not exist but extracted from the printing press. All this freshly printed money is adding of course to governments ballooning debt which can only be paid back by issuing even more funny paper notes..

Since most countries world wide are fighting the derivative fall-out with fresh printed money (most countries are running their printing press at double digit numbers these days) their currencies will not devalue much against each other..

So in which currency to park your hard earned money then if all major currencies are debasing at the same time?

The answer is quite simple, the one and only true alternative remains of course gold which can not be debased at will.

Now let's go back to the US government’s spending attitude. As mentioned above the government has no other choice as to bail out failing banks that are too big too fail. A failing bank here, a failing bank there, the list goes on and on. You don't have to be a rocket scientist in order to understand what impact these bail outs have on the administration's budget deficit. Sure enough it'll explode.

How the government responds to exploding deficits is predictable. They just raise the federal debt limit whenever necessary. They will raise the federal debt limit to $12.1 trillion allowing them to take on another trillion dollars of debt from current levels. Current reading of federal government debt stands at $11.2 trillion which is an increase of more than $5 trillion over the last 6 years.

This chart leaves no doubt, the federal government debt is going up in a straight line which is very dollar negative. In order to prevent a free fall of the dollar the rest of the world has simply no other option as to buy this debt.

Unfortunately foreign willingness to take on that debt is in sharp decline which leaves the FED with no other option than buy up some debt itself. This is what we call turning on the printing press..
Now if the $11.2T federal debt wasn't already bad enough, the picture only worsens when looking at total US debt which clocked an alarming $57 trillion last year.

As you can see here total US debt is growing faster than its national income. Ever tried to run a business which its debt grows faster than its income? Needless to say you would be heading straight into bankruptcy. And that's exactly what's happening with the US, they're heading straight into bankruptcy which isn’t exactly a big plus for the dollar.

Eric Hommelberg
The Gold Drivers Report

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Why Gold Is A Good Investment Right Now

April 10th, 2009 admin Posted in Gold and Silver Investments No Comments »


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Whether or not the current bailout plan will work, how much it will cost, and when it it will be clear is currently a mystery. It could be an astounding success with General Motors and the banks. The bailout could be a dismal failure just pushing the country more into debt. The truth is we just don’t know yet.

While the future may be uncertain, there is one thing that is secure. That thing is a commodity, a super commodity called Gold. No matter what happens in the economy, right now is the time to start investing in gold.

Now, the above statement may sound a little extreme so many. However, the truth is gold bullion offers a level of protection from economic collapse that no other commodity offers. Some of the soundest advice you can receive is to diversify your investment portfolio. There are four main investments that make up a well diversified portfolio: Stocks, bonds, real estate, and physical gold bullion (coins and bars)

It’s pretty clear that the rich and savvy investors are running to gold bullion. Here’s a couple reasons why:

1) Formerly secure currencies like the U.S. dollar are facing serious problems, while reserve currencies are consistently devaluing, gold is increasing in value steadily.

2) It is obvious that the current forms of capitalism aren’t working, something new and different will be needed, and gold has always been the starting point for a new economy.

3) It’s no secret that times of economic recession result in wars between nations and many firmly believe that every fallout bunker should be stocked with plenty of Gold, Guns, and Glacier bottled water.

4) Gold stocks and gold ETFs are manipulated by the very same people who have driven this market into the ground, falling prey to these schemes has cost many their fortunes.

5) It’s hard to rely on paper money when so often in the past it has lost all of its value, while never in thousands of years has the gold market crashed.

6) The world financial institutes demand their debts with each other be payed in nothing less than physical gold bullion, what do they know that we don’t?

Simply put, gold is the best asset to own during inflationary times. Trillions of dollars don’t just create themselves out of thin air. Somebody will have to deal with the consequences.

Recently many respected voices in the investing community have been speaking out and making  bold predictions about the price of gold. Predictions that, if they are even half true, cannot be ignored. Gold is predicted to sell at over $1,000 an ounce by the end of 2009, and it could peak in the future back to what it was in 1980 of over $2,500 an ounce.

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How To Start Investing In Gold

April 8th, 2009 admin Posted in Gold and Silver Investments No Comments »


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The following is a small sample taken from a VERY informative ebook recently published by our friends at the Q Wealth Report. The Q has been a resource for wealth creation and asset protection for over a decade. Starting as a print magazine and moving more recently onto the web. The advice they share is both unique and lucrative. You can read more about their new ebook here: The Gold Report. We certainly learned a a wealth of information from this ebook, and the many others available with the yearly subscription offered by Q Wealth. Check them out for yourself and learn some awesome Wealth Management Advice.

The Gold Report Chapter 2: How To Buy Gold Bullion

One way is to go down to your local gold dealer and buy government minted gold coins, or – if your investment is big enough - bars. Gold dealers can be found in all major cities.

Most banks worldwide can also sell you gold, but with a few notable exceptions, such bank transactions will be neither cheap nor private.

There are three problems with this:

• The premiums charged by local gold dealers or banks are sometimes huge. (Remember banks also typically charge for secure delivery to the branch, insurance etc which is all an added cost you will have to bear) You will finally be paying a large premium over the official spot price. Granted, some of that is accounted for by the difference between the ‘official’ price and the real ‘free market’ price that I’ve already talked about. But there are several smart ways you can buy gold at the official price or even less, then take delivery of physical gold bullion that you too can sell at a premium ‘free market’ price (and believe me it will not be hard to find buyers at the ‘free market’ price)

• If you are seeking the maximum protection by buying gold to hold and store outside your home country, you want to find a way to sidestep any reporting requirements – legally of course. You and only you (or chosen trusted family members or associates) should know about the gold. You don’t want the gold dealer to file a government report on you. Most bullion and coin dealers worldwide are required to file reports on transactions they carry out, typically over $10,000.

• An additional problem is that some countries tax gold bullion. Some European countries like France charge VAT on gold. This is obviously equivalent to a huge premium.

Let’s assume that your requirements are more sophisticated than simply purchasing a few gold coins through your local dealer or bank. In this chapter, I’m going to explain three methods of buying physical gold bullion that avoid these problems, to a greater or lesser extent. Each method has a different level of complexity, cost, anonymity and – yes – risk. Whichever you choose, if any, will depend on you. You need to weigh up the respective advantages and disadvantages as they are applicable to your own personal situation. For example, if you want to put aside $1000 a month in gold out of your regular income, your requirements will be very different from someone who wants to purchase $1,000,000 worth of gold bullion in one fell swoop.

If you are smart, with a little thought you can mix and match some of these ideas. In business there a few hard and fast rules. In buying and selling gold, you can always negotiate and ask for what you want.

If you need any help with any of this, you should seek professional advice.

The methods that Peter Macfarlane goes on to describe in his ebook are both highly valuable, and kept under wraps by financial advisers. You can take control of your wealth and invest a little into a yearly subscription with Q Wealth. Trust us, while we don't have any online coupons available for it right now, it is well worth the money!

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Price of Gold on Ebay Today

April 1st, 2009 admin Posted in Gold and Silver Investments No Comments »


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Ebay Gold Value

This is a list compiled by Goldprice.org to determine the daily price of gold on Ebay. The data is taken directly off of Ebay's website and compiled each day into the above image. As you can see it lists the most popular gold coins on the market right now: The Gold Krugerrand, the American Eagle gold coin, and the Gold Maple Leaf, along with their silver counterparts.

If you haven't started looking into Ebay to invest in gold, then we advise you to start. There can be some amazing deals to be found by bidding in Ebay and other online auctions websites when making gold bullion or gold coin purchases. It is an excellent way to score spot gold in small to medium amounts.

Buying Gold On Ebay

Why buy gold on Ebay? For the incredible amount of gold coin auctions available right now. Due to the vast numbers and tough competition, buyers can be pretty sure they are getting the best deals on the market for the specific coin with a super low premium. Combine that with free insured shipping, Ebay's guarantee backing the deal, and good service from reputable sellers, and you've got a great way to invest in gold online and from home!

There are some basic precautions when buying gold via an online auction website, and we recommend you do your due diligence on the sellers before you purchase. Know the market value of the coin you are bidding on so you do not overbid and get locked into a bad deal. The good news is that at least through Ebay and Paypal you have an ironclad refund guarantee if the product does not live up to the auction's promises. We have written a guide on How to Buy Gold On Ebay to help you get started with your gold or silver investment right away.

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Where Does Gold Come From?

March 30th, 2009 admin Posted in Gold and Silver Investments No Comments »


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Where did all this gold come from? According to recent studies, there are many astronomers who now suggest that gold and other heavy metals were formed in the early days of the universe when neutron stars collided. These neutron rich, catastrophic explosions caused by the enormous stars spiraling into each other at unimaginable speeds were among the most powerful explosions in the universe! These explosions seem to account for the neutron rich heavy elements like gold. So gold literally shines like the stars. That explains part of its UNIVERSAL appeal... ok, that was a bad pun.

That is where gold literally comes from, but where is gold found on Earth? There are two kinds of gold that can be found on Earth: Loose gold and Deep Mined Gold. Loose gold is often called 'Alluvial' or 'placer gold.' It is found in the form of nuggets of a fine dust in stream beds and rivers where the flowing waters have worn away the rocks and ore that once held it. For thousands of years, placer gold has been mankind's main source of gold bullion. It wasn't tell the 1800's that deep mined gold started to be common. Deep mined gold accounts for South Africa's vast gold reserves which result in the popular gold krugerrand coins. Deep mined gold can be found with 99% purity, where as alluvial gold is often 70-90% pure.

Gold is the original recyclable material. Gold is easy to work with, shape, repair, and melt down. Since it never tarnishes, you never throw it away, you recycle it. The gold you see today could easily have had a very sordid previous life.

Most gold bullion coins that you see on the market today are newly minted freshly mined gold. However, there is much gold in the world today that could easily have been the same gold that the Spaniards pillaged out of Mexico and South America. For centuries, South America was one of the most important sources of gold for the European economy. It was stolen, mined, and melted into gold bars for the upper class of Spain, France, and Portugal. Most of the upper class were none the wiser to how this beautiful commodity came into their possession.

Your gold necklace could have a very long history. It could have lived before as an ancient coin used to buy goods, it could have spent centuries in a tomb of an ancient king, it could have been washed crimson in the blood of the fallen Incan warriors who protected it from rival tribes and the conquistadors, it could have been carried in the chests that the Queen of Sheba brought over to impress King Solomon, or it could have come out of Solomon's fabled mines themselves!

Gold is the most desirable commodity on the planet. Think about gold's long and rich history the next time you notice its alluring sparkle.

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