Posts Tagged tradition
Are Gold Bullion Coins Worth It?
Today’s world offers investors plenty of avenues for theirmoney. Which ones are worth it and which ones just bringunnecessary risks with very low chances of profit?
Many people have turned to buying gold bullion in order toimprove their financial situations. We know gold has been aroundever since man first started living in a society. Gold has growntogether with mankind, or vice-versa, depending on how you wantto look at it. Let’s have a look at the process of investing ingold bullion coins and at some of the factors related to such afinancial placement.
What are Gold Bullion Coins?
A gold bullion coin contains one ounce of pure gold. The qualityor origin of the gold may differ, however, so make sure to onlyacquire gold bullions from respected companies that have dozensof years of tradition and trust. here are some of the mostpopular and trustworthy gold bullion coins: the American GoldEagle, the Australian Nugget, and the South African Krugerrand.
Buy Gold Bullions! – here Is The first Reason Why
Listed gold bullion coins are internationally renown andrecognized. When compared to gold bars, coins are much moreversatile. you can travel to any part of the world and find agold dealer who will exchange your bullion coins. Bars takelonger to sell, as they need to be cleared and checked foraccuracy and authenticity. also gold coins are a lot easier tocarry and store in a safe place. this feature becomes especiallyuseful if you are storing gold inside your own home. GoldBullion Coins are Easily Divisible
This option may not seem important at first, but it becomesreally useful in some situations. if you just want to sell asmall part of your gold reserve you can always just select a fewcoins, as compared to gold bars, which can only be sold whole.this increases the versatility of your gold reserve, as you willnever have to worry about selling it all at once. you can alsobenefit from market forces. if the price of gold suddenlyskyrockets you can sell a quarter or half of your bullion coinsand still keep a safe quantity of the precious metal.
Gold Bullions are Safe
I have saved the best for last. there is no more persuasivefactor than the security offered by an investment. you can tryto go with mutual funds, real estate investments, or overseasplacement, but gold bullion remains one of the safestalternatives for your cash.
If you are looking for spectacular investments and immediateprofits, maybe gold bullion coins are not the answer for you. Onthe other hand, if you are trying to establish an investmentthat offers equilibrium and security, gold coins should be righton top of your list! they are probably the best method you canchoose in order to protect your wealth in the unfortunate caseof an international economic collapse.
International financial problems are often brutally reflected inour everyday economy. Gold coins are almost immune to suchincidents, as they have been for centuries. Even if many peopleassociate gold bullion with pirate stories or fairytales, thefact is that investing in gold coins can make the differencebetween a smart and a risky financial position.
About the author:Dean Brown is the Author of “A Guide to Investing in Gold”, ane-book decidated to helping people understand that gold is anessential part of any investment portfolio. to get more detailsand enroll in Dean’s free mini-course on Gold Investing, go tohttp://www.goldinvestingbook.com
Author: Dean Brown
As the asking price of gold continues to raise, the value of coins will increase too. If you can see a coin of this kind in someone’s thing, then you know they’ve been awarded this coin for just a particular reason. Officers will be shifted in their eyes in their work. The scouts take in them as returns after culmination connected with tasks while clubs and various other leisure activity groups employ them to add in place participation and loyalty towards association. They are extremely custom coins unique with providing service. because there may be a higher perceived valuation for cloisonne gold and silver coins, having yours manufactured in soft enamel then coated with a epoxy dome is a sensible way to capture the comparable feeling.
Silvertowne supplies the choices of engraving, to its consumers. They cost a respectable amount of money and you will always get them all without spending any sort of cash (plus where’s task if you spend money on them as an alternative for challenge coins actually leveling up exclusively on your own. This tradition was cemented any time a member challenged another member to exhibit his coin. there are an array of coins available, many depict in addition to represent specific marine establishments. They signify training that’s just been achieved.
In numerous cases, your kitchen or bedroom could even be the right place on a display. This is a sacrifice of energy away from themselves and home. These chocolate loose change look really remarkable when presented with nets with tailor made labels. Some of the coins with your collection is extremely rare and you’ll want to make sure they’re protected.
The business enterprise has identified typically the $110 billion universal industry for numismatic gold coins and combined that accompanied by a multilevel marketing design. This shows their own pride and being of strong bonds during the unit they delivered custom challenge coins with. Added to that, these coins could be used to market a cluster, a team, a school, an organization. And with the words you gave them some may not have trouble actually selling it again. The customer can be a collector of coins, a person getting collectibles or a man or woman simply investing around bullion. Given out for that men to carry using them many opted to put them on as a ring.
track the scent from a suspect or absent person. Some of all these chocolate coins are generally personalised on singular or both ends. The challenge funds are however, an honor to acquire and a approach of obtaining pride. Gold coins has to be obtained from a new trustworthy supply. Numismatic coins carry a top premium compared towards standard bullion coins then when you sell these coins; you need to choose the right buyer prepared to pay the price you’d like.
as your designer and brand of custom task coins, we have possessed the pleasure of handling different military units through the entire years. Their first announced history is any time Jewish children got chocolate coins for the duration of religious holidays. Some of these volunteers began wealthy families, mostly students out of prestigious schools for instance Harvard and Yale, who stopped while in the middle term to participate in the World Gua. These clubs are tailored in your case and you can build your collection with the assistance of Littleton Coin Business.
Traditionally, gold has been the metal used in rings, for a number of reasons. from its value and social status to its malleability and comfort, gold rings have been the standard for as long as people have been making jewellery. but if you are in the market for a ring, there are some downsides to sticking with tradition and reaching for the gold.
For one thing, there’s the softness issue. Gold is a very malleable metal, which is great for jewellers. it means it doesn’t take much in the way of heat or force to get gold to do what they need it to. Unfortunately for you, it doesn’t take much for you to do significant damage to your ring, either. a gold ring will not hold up well to frequent bumps and impacts. What might seem like a soft bump to you can dent or scratch your ring. And of course, with time, that gold ring will warp and bend from the heat of your hand, turning your perfectly round ring into a slightly misshapen oval.
Then there is the irritability factor. For some people, gold jewellery is simply not an option. whether it’s discolorations of the hands, or a more significant reaction, gold can sometimes be an irritant to the skin. While outright allergies to gold are somewhat uncommon, the alloys used to produce gold jewellery can react on some people. Black marks around the finger that you wear the ring on are the most common reaction. a higher karat or quality value of gold will sometimes cure this problem, but it will increase the cost of your gold ring significantly.
Aside from those problems, there is the originality factor. a gold ring is a common piece – odd as that may be for such an expensive metal. Gold has been used in jewellery for hundreds – if not thousands – of years, and many people who would rather not put much thought or importance on the originality of their ring simply select gold out of habit or the suggestion of others.
All of this is not meant to dissuade you from purchasing a gold ring. there are many fine designs available in gold, and despite its common use, it is possible to find an original design that will stand out slightly from the crowd. but before you drop a large amount of cash, you should consider all the factors that go into a ring purchase, and make sure that a gold ring is right for you. If it is not, there are certainly many fine alternatives out there, including silver, platinum and titanium, that would make a fine addition to your jewellery collection.
Faced with sky-high gold prices, groom-to-be Mustafa said he considered not saving for a year just to buy jewellery for his fiancée Sura, but quipped ruefully: “I don’t think that is allowed in Iraq!” Mustafa Kadhim’s dilemma is one faced by families across the Arab world. As prices for the precious metal have risen dramatically in recent months, the long-held tradition of buying gold to mark a marriage has become an increasingly expensive one. Kadhim has already agreed to buy five million Iraqi dinars ($4,300) worth, but a recent trip to the famed gold souk, or market, in the north Baghdad neighborhood of Kadhimiyah brought home his powerlessness in the face of global markets.
I have been planning to get married for a few years, but because of high prices, particularly gold, I only managed to get engaged last month Alaa John, a Jordanian graphic designer
“I was shocked and bitter,” said the 23-year-old Baghdad resident who makes $700 a month working in construction. “I am really worried about the prices − everything is getting more expensive, including gold.” but, he added, “buying gold is a tradition, everyone should do it.” The price of gold rose on September 6 to an all-time high of $1,921.15 per ounce, a 35 percent increase since the start of the year. it has since fallen somewhat, but remains high enough to generate frustration in the region where the idea of a groom not gifting gold to his bride during a wedding is unheard of. “We have a saying that we believe: beauty and savings,” said Umm Salam, or “mother of Salam,” whose dentist son is to be married in six months. “Gold makes the bride beautiful, and it is a source of savings if there is a crisis in the future.” her son, Salam Hamad, paid six million Iraqi dinars ($5,100) to buy 85 grams of gold for his fiancée at the Kadhimiyah market. “Nothing is too expensive for that woman − I would sell my eyes for her,” Hamad, 25, exclaimed of his wife-to-be after purchasing the jewellery. Iraqis are not the only ones faced with the difficulties caused by higher gold prices: the Middle East is one of the biggest consumers of gold in the world, with a particularly high proportion of the precious metal being bought as jewellery, according to the World Gold Council. “I have been planning to get married for a few years, but because of high prices, particularly gold, I only managed to get engaged last month,” said Alaa John, a Jordanian graphic designer. “Customs, habits and traditions control us in Jordan. Gold is key to getting married,” the 30-year-old said, adding that he and his fiancée eventually agreed to buy “only” $2,500 worth of 21-carat gold jewellery. In Oman, rising prices have forced families to bend the tradition that only the groom’s family pays for the gold. “The parents of the bride must now put their hands in their pockets, with the rising price of gold,” said Khamis al-Salehi, who brought his family to the gold market in Suwaiq, a town 150 kilometers (90 miles) west of Muscat, to prepare for his daughter’s wedding. The frustration with rising prices is not limited to customers. Sales in the traditional gold souks in Lebanon’s second-largest city of Tripoli in the north have dropped 90 percent from 2007, and have halved compared to last summer, said jeweller Marwan Ibrahim. “The wedding season this summer has been disastrous,” he said. “There is close to no market for the items considered traditional wedding gifts.” “We used to sell 24 carat rings of around 100 grams like hotcakes. Today that same price would buy you 10 grams, so people are going for the cheapest possible option − fewer carats and lighter rings − of course.” In Saudi Arabia, one of the region’s richest countries, demand for wedding jewellery has dropped by 60 percent as prices have risen, said Ali Baterfi, who owns the oldest such shop in the Red Sea city of Jeddah. to adapt to the new situation, he said, “jewellers have halved the weight of their items while keeping the style.” Some betrothed couples in the region have begun to rebel against the tradition, if only to save money. Hala, a 26-year-old Syrian whose purchasing power has shrunk as her country has been rocked by six months of anti-government protests, has resigned to buying a silver wedding ring. “It is cheaper, and it shines like white gold,” she said. In Algeria, families who cannot afford to buy gold for a wedding resort to wearing either gold-plated jewellery, or borrowing used jewellery from relatives. Malika, who works in a state company, used the latter practice during her wedding − her husband “offered” her the jewellery of her sister-in-law. it was returned after the wedding. Lebanese schoolteacher Deema Tabet said she and her fiance opted against buying jewellery, and instead invested in an apartment. “We kept putting off our engagement because everything was so expensive, including the rings,” the 26-year-old said. “We decided not to listen to our families. I’m now wearing a nice faux bijoux that cost us $30 instead of $600 and we’re getting married next summer.”
Adding gold bullion to your investments brings some matchless advantages. a gold bar is a highly liquid investment, the market is transparent, and few other investments can offer such a hedge against the ravages of inflation. when you buy gold bars, you’re joining a long tradition of canny financiers who prosper no matter what the state of the economy. but before you enter the gold market, it’s a good idea to understand the fine details of what you’re buying. Here’s all you need to know to buy gold bars.
Firstly, let’s look at how the quality of gold is measured and certified. You’ve probably bought gold jewellery at some point and are familiar with the term ‘karat’ (sometimes spelt carat) (abbreviation ct or kt). This is a measure of the purity of gold with 24-karat (or 24K) meaning the purest form.
This K system is used in the United States and Canada. It’s also known as ‘fine’ or 999 (also known as three nines fine) in Europe. any number below 24 indicates that the gold is alloyed or mixed with some other metal. for example, 18-carat gold is 75% gold. Many European countries use what is known as the percentage hallmark stamp rather than the K. thus 18K would be known as 750. when buying gold bars, you should only go for those with fineness of 0.999 and above (24 karats).
Next, let’s see how the quantity of gold is measured.
Precious metals such as gold, platinum and silver are measured in troy ounces. This has nothing to do with the ancient city of lore but is derived from the French town of Troyes which was a thriving precious metals centre and where this unit of measurement was first used. One troy ounce is the equivalent of 31.10 grams and so around 10% heavier than the avoirdupois ounce. Banks tend to buy and hold gold in metric tons with one ton equal to 32,150 troy ounces.
Next, let’s look at the different forms of physical gold you can buy.
Essentially when buying gold, you have the choice of bars, coins and jewellery. both bullion bars and coins are priced on the basis of their gold content. However, the premiums charged by the dealer are likely to be higher on coins than on bars. This means your transaction costs will be higher.
As for jewellery, you have to factor in charges for design and craftsmanship making this form of gold the least effective for investment purposes. If you buy gold jewellery, it should be for the pleasure the item gives you rather than monetary considerations.
Finally, let’s consider the all-important matter of how the price of gold is fixed.
One of the factors that make gold such a fine investment is that the market is transparent. the official gold price is fixed twice daily in London at the offices of N M Rothschild. This price, which is the international benchmark price, is set in US dollars per fine troy ounce of gold. This means that you can always easily find out the exact current gold price via the internet or other news sources. unlike some investments, you are never in the dark about the value of your gold.
Now that you know all about the product, let’s consider the overall method of how to buy gold bars and gold bullion in the UK. It’s very straightforward. If you’re interested in adding gold bullion to your investments or just want some gold as security for the future, the best way to acquire it is to buy gold bars. You can find reputable gold dealers online who will deliver your purchase via insured Royal Mail. You can browse their websites to find the quantities of your choice and then placing an order is very simple.
Gold has long been a symbol of love, of beauty, and of success and quality, too, and today is the perfect investment to hold its value in difficult times.