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One explanation for the increase in today’s gold price is that it is adjusting for the past 26 years of monetary inflation. The consequences of the adjustment in the gold price will be a decrease in American’s net worth and an increase in their food and energy costs.
Under a gold standard, or in a market, citizens can exchange their paper currency for gold. The gold standard gold price equals the supply of currency in circulation divided by the total supply of a country’s gold bullion. The graph below illustrates the relationship between the gold standard gold price (black line) and the actual gold price (red line) since 1950. (more…)
In today’s depressed economic climate there are a few things that you can do in order to make a few extra bucks other than taking on a second or third job. While many may opt for taking on that kind of extra responsibility, it is not always easy to find a job opportunity that is compatible with your current position. With the recent scrap gold prices you might want to consider selling your old gold jewelry while waiting on that new job.
You may not be aware of it but scrap gold prices have pretty much gone through the roof in the past year. In fact, they are higher today than they have been in several years. With that in mind, you may want to go through your jewelry boxes, or junk drawers and pull out those old gold chains or other gold jewelry and get it appraised to see how much you could actually receive if you sold your unwanted treasures. (more…)
Buying And Selling Gold Is Becoming A Popular Investment Strategy
By: Christopher Alex
The global economy took a wild ride in the past year, and in response many investors began to look at buying and selling gold as a good investment strategy. In fact, there are more individual investors getting into the gold market every year. In the recent past, gold wasn’t something most people considered for their portfolio because it wasn’t something individual investors were familiar with and it seemed like you needed to purchase a lot of gold to get a reasonable return on your investment.
In fact, buying and selling gold has been popular for thousands of years as a way to increase your wealth. From ancient Egypt through today, gold has always been coveted as a sign of wealth, privilege and power. In the past, many people invested in gold jewelry because it made their wealth both obvious and portable. Today, you can invest in gold by buying and selling gold jewelry, gold coins or gold bullion. You can even purchase gold EFT’s, or exchange traded funds, without ever having physical possession of the gold itself. (more…)
A gold bull market is associated with increasing investor confidence, and increased investing in anticipation of future price increased capital gains. And such a market is also sometimes described as a bull run. A bullish market trend in the stock market often begins before the general economy shows clear signs of recovery. But bull markets can also happen as a result of an economic recovery, an economic boom, or investor psychology. Could we see another 1970s magnitude gold bull market again today? Sure!
Real interest rates haven’t been negative for over 20 years, when the last Great Gold Bull peaked. Negative real interest rate environments are the most potent fuel known for igniting out-of-control and spectacular gold bull markets. (more…)
The Value of Gold in Relation to External Market Forces
By: Sam Rivers
Until the 1970’s, the worth of a dollar was guaranteed by gold held by the federal government: backing known as The Gold Standard. The Gold Standard ensured that each dollar was secured by gold ensuring that the dollar kept its strong value. Interestingly, as a result of the relationship gold held a relatively low market value of somewhere between $20 and $30 dollars.
The Gold Standard was the norm for countries throughout the world in the early 1900’s, but towards the middle of the 20th century countries began to discard The Gold Standard, leaving both the value of currency and the value of gold free to the open market. This new system became known as the “floating currency” system. With the floating currency system, depending on the state of the market, inflation, and demand, both the dollar and the value of gold can increase or decrease considerably. (more…)
Perhaps the most interesting portrait to appear on Confederate money is that of John E. Ward. His portrait was on a $10 bill in 1861. The irony is, although a native of Georgia and a holder of high offices, he was not in favor of secession. In fact, Mr. Ward left the South partly because he did not support the Confederate cause.
From the beginning of the Civil War, both the Union and Confederate governments resorted to paper money to finance their efforts. They did not want to restrict themselves to the hard money, i.e., gold and silver coin that was the predominate issue before the war. Paper money up to this point consisted of notes issued by private banks, state and local governments, railroads, and merchants. Nearly all these notes were printed by specialty bank note printers located in the North, mainly in New York. (more…)
Any normal individual who does not know anything about panning for gold can do easy gold panning methods. But were you know that there are strategies for gold panning that require elaborate processes?
Standard Panning Method
Part of gold panning methods needs the use of standard pans with a diameter measuring sixteen inches and depth measuring 2.5 inches. Some may prefer smaller pans, especially for newbies, to simply spot the small bits of gold pieces compared to bigger pans.
Often times when one speaks of vacation time, it is always associated with the Caribbean Cruise, long sandy beaches, and Disneyland, and not with places to pan for gold. There is no doubt that the aforementioned places are really great for having family fun and relaxation. But don’t you know that one of the most interesting hobbies here on earth is looking out for these tiny pieces of gold? (more…)
