Archive for July, 2008
July 26th, 2008 | 
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maryquast asked:
I used to work for a jewelry shop and bought a ton of 14 & 10kt jewelry. Now I only wear silver, don’t ever wear my gold stuff anymore and need some money. Where would I get more money for my gold? Ebay, pawnshop, or a “We buy gold” place.
Verlie Goldfield
I used to work for a jewelry shop and bought a ton of 14 & 10kt jewelry. Now I only wear silver, don’t ever wear my gold stuff anymore and need some money. Where would I get more money for my gold? Ebay, pawnshop, or a “We buy gold” place.
Verlie Goldfield
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Arlene K asked:
Should I buy gold or silver for and investment?
Should I buy gold or silver for and investment?
At this time or in the future would Gold or Silver be a good investment against inflation? Or should I invest in Oil?
If all of those are not good options at this time, where should I invest my money to protect myself against inflation?
Quinn Schwarzlose
In March of this year, the price of gold per ounce hit an all-time high of $1,030.80.
On August 15th, gold hit a nine-month low of $773.
That’s a correction of 25%!
In just one month alone – from July 15th to August 19th – gold has fallen 20%.
Now, that’s just downright scary! I know there’s a lot of gold investors out there that are probably wondering if the gold bull market is over. At this point, you’re probably fed up and are thinking seriously of dumping whatever hard assets you have.
I’m going to provide you with a little bit of historical gold trivia that I hope will reassure you.
So, take a deep breath. Relax. And keep reading.
It may be comforting to know that the last great gold bull market of the 1970′s was also interrupted by similar corrections.
1. In November of 1978, gold had a 20% correction.
2. In October 1979, gold lost 13% in four days!
3. Gold had a horrendous correction in 1975, falling 50% from $200 per ounce to $100 in 1976.
At that time, everyone proclaimed that the bull market in gold was over. As gold investors well know, the price of gold continued its climb over the course of the next few years, not stopping until it hit $850 in 1980.
Okay, I know what you are thinking.
That was then. This is now.
Ah, but even in the current bull market, gold has had corrections similar to what we are experiencing now.
1. In the summer of 2006, gold fell 21%.
2. But by the end of 2007, gold had risen 45%.
The point I’m trying to make is that corrections, painful as they are, are normal in bull markets.
Now that we’ve taken a hard look at the statistics, we need to determine if the fundamentals for buying gold bullion are still intact.
Let’s go back to March when gold had climbed over $1000 an ounce.
You were pretty excited, huh?
Now, ask yourself: what was causing the price of gold to rise?
1. Inflation was on the rise
2. The dollar had long-term problems
3. Banks were failing
4. Mortgage lenders were facing insolvency
5. Housing prices were falling
6. The economy was on the brink of recession
7. Oil faced a long-term supply shortage
Okay, now ask yourself: have any of the 7 elements listed above changed? Think about it. If the gold bull market were over, we’d have:
1. Low inflation
2. Healthy banks
3. Stable housing prices
4. A new, major oil discovery
5. Increasing job creation
6. A falling unemployment rate
7. A fiscally responsible government
8. A strong dollar due to a balanced budget and a shrinking deficit
I don’t see any of the above happening anytime soon. Do you?
In conclusion, I would say it is safe to assume that the fundamental reasons for owning gold bullion, as a safe-haven investment, are still valid. I would further venture to say that gold – at $800 per ounce – is the buying opportunity of a lifetime!
By: Christina Goldman
About the Author:
On August 15th, gold hit a nine-month low of $773.
That’s a correction of 25%!
In just one month alone – from July 15th to August 19th – gold has fallen 20%.
Now, that’s just downright scary! I know there’s a lot of gold investors out there that are probably wondering if the gold bull market is over. At this point, you’re probably fed up and are thinking seriously of dumping whatever hard assets you have.
I’m going to provide you with a little bit of historical gold trivia that I hope will reassure you.
So, take a deep breath. Relax. And keep reading.
It may be comforting to know that the last great gold bull market of the 1970′s was also interrupted by similar corrections.
1. In November of 1978, gold had a 20% correction.
2. In October 1979, gold lost 13% in four days!
3. Gold had a horrendous correction in 1975, falling 50% from $200 per ounce to $100 in 1976.
At that time, everyone proclaimed that the bull market in gold was over. As gold investors well know, the price of gold continued its climb over the course of the next few years, not stopping until it hit $850 in 1980.
Okay, I know what you are thinking.
That was then. This is now.
Ah, but even in the current bull market, gold has had corrections similar to what we are experiencing now.
1. In the summer of 2006, gold fell 21%.
2. But by the end of 2007, gold had risen 45%.
The point I’m trying to make is that corrections, painful as they are, are normal in bull markets.
Now that we’ve taken a hard look at the statistics, we need to determine if the fundamentals for buying gold bullion are still intact.
Let’s go back to March when gold had climbed over $1000 an ounce.
You were pretty excited, huh?
Now, ask yourself: what was causing the price of gold to rise?
1. Inflation was on the rise
2. The dollar had long-term problems
3. Banks were failing
4. Mortgage lenders were facing insolvency
5. Housing prices were falling
6. The economy was on the brink of recession
7. Oil faced a long-term supply shortage
Okay, now ask yourself: have any of the 7 elements listed above changed? Think about it. If the gold bull market were over, we’d have:
1. Low inflation
2. Healthy banks
3. Stable housing prices
4. A new, major oil discovery
5. Increasing job creation
6. A falling unemployment rate
7. A fiscally responsible government
8. A strong dollar due to a balanced budget and a shrinking deficit
I don’t see any of the above happening anytime soon. Do you?
In conclusion, I would say it is safe to assume that the fundamental reasons for owning gold bullion, as a safe-haven investment, are still valid. I would further venture to say that gold – at $800 per ounce – is the buying opportunity of a lifetime!
By: Christina Goldman
About the Author:
Feel better about investing in gold bullion? Good. Now, go buy some pure American Eagle Gold Coins while gold is still on SALE!
Visit us now at: http://bullionbargains.com
Taylor Pernod
Today, Americans are facing a pile of unpaid debts. At the helm is a new Fed chief, Ben Bernanke, who has already been nicknamed “Helicopter Ben” based on admitting he’d print enough paper currency and drop it from helicopters to keep the U.S. economy from sliding into a recession.
The Wall Street Journal recently published an excellent commentary, “In Gold We Trust,” by David Ranson and Penny Russell of H.C. Wainwright & Co. Economics. They explain why gold prices are the truest barometer of falling public confidence and of growing inflation. Here are a few key points they bring to light:
* Gold is the benchmark for the value of the dollar – not the other way around.
* The falling U.S. dollar is largely being ignored by Washington and Wall Street.
* Gold’s sharp rise represents an equally sharp decline in investor confidence.
* Gold is the barometer of public confidence in paper money.
* The dollar’s collapse of 60 percent since 2001 is a blow to capitalism.
Bottom line: The U.S. dollar is slowly but steadily sliding into oblivion, taking with it the hopes and dreams of all Americans, along with the value of their savings accounts and investments.
Most Wall Street pundits view gold as just another commodity, which they say is now overpriced due to a growing gold fever worldwide since 2001, causing central banks, hedge funds and others to buy gold for the first time in decades. Not so!
Gold is rising because it is real money. The solution is to convert a portion of your “paper” assets into gold – thus putting yourself on a personal gold standard.
Rising gold prices today are a big red flashing signal of coming inflation, which could take gold prices over $1,000 an ounce. So don’t wait to buy gold – buy gold and wait.
By: Samuel Martin
About the Author:
The Wall Street Journal recently published an excellent commentary, “In Gold We Trust,” by David Ranson and Penny Russell of H.C. Wainwright & Co. Economics. They explain why gold prices are the truest barometer of falling public confidence and of growing inflation. Here are a few key points they bring to light:
* Gold is the benchmark for the value of the dollar – not the other way around.
* The falling U.S. dollar is largely being ignored by Washington and Wall Street.
* Gold’s sharp rise represents an equally sharp decline in investor confidence.
* Gold is the barometer of public confidence in paper money.
* The dollar’s collapse of 60 percent since 2001 is a blow to capitalism.
Bottom line: The U.S. dollar is slowly but steadily sliding into oblivion, taking with it the hopes and dreams of all Americans, along with the value of their savings accounts and investments.
Most Wall Street pundits view gold as just another commodity, which they say is now overpriced due to a growing gold fever worldwide since 2001, causing central banks, hedge funds and others to buy gold for the first time in decades. Not so!
Gold is rising because it is real money. The solution is to convert a portion of your “paper” assets into gold – thus putting yourself on a personal gold standard.
Rising gold prices today are a big red flashing signal of coming inflation, which could take gold prices over $1,000 an ounce. So don’t wait to buy gold – buy gold and wait.
By: Samuel Martin
About the Author:
For More Article Visit :: http://www.thearticleinsiders.com/
Abbey Buck
Nate H asked:
I asked my mom if I could buy some Gaia Gold for my account, but every time I mention it, she never lets me go on for the rest of the day. I don’t know why she won’t let me buy it. I have enough money to pay her back, but she still says no.
Alex Galletti
I asked my mom if I could buy some Gaia Gold for my account, but every time I mention it, she never lets me go on for the rest of the day. I don’t know why she won’t let me buy it. I have enough money to pay her back, but she still says no.
Alex Galletti
The economy is seriously on the down turn and the US Dollar is losing value. These conditions
usually result in rising gold prices which has been the case over the last few months. Gold prices have moved up about 50% in the past six months. Gold is a good investment in bad economic times but many small investors find it difficult to buy gold in small amounts. This is where gold coins may be just the answer for small investors who don’t have deep pockets.
Actually, gold coins may be a better investment than gold bars. Gold bars have the value of their weight in gold at the current spot price, whereas gold coins not only have the value of their weight in gold, but also added numismatic value. One ounce of gold is worth it’s weight in gold, but a one ounce gold coin can be worth $1000s in numismatic value. Coins also have a very good appreciation rate simply because there will never be any more of a specific coin produced and the number of collectors continues to increase driving up the prices. Like they say in real estate, “they can’t make any more of it”
Gold and silver coins are also very liquid assets. They are easy to buy and sell quickly in any number or dollar amounts. Many collectors buy and sell among themselves where the is no middle man, broker or dealer involved, resulting in lower prices without additional fees or inflated markups. You can buy one coin or a truck load at any time in a matter of minutes. You can get great deals on coins at auction. The coins are shipped directly to you without a paper trail as to how much you bought, what you paid for them or what you sold them for. No one but you knows your business or what your profits are. You can keep your coins at home, and if your house burns down, your coins will survive. They won’t rust, rot, rip, tear, mold, mildew or deteriorate in any way.
If you have a little money to invest and not have to worry about it losing value, look into coin collecting. It’s easy, it’s a safe investment, its private and you don’t need a bank account or credit rating. There is more complete information available at: http://www.gold.digital-homework.com
By: George Chatraw
About the Author:
usually result in rising gold prices which has been the case over the last few months. Gold prices have moved up about 50% in the past six months. Gold is a good investment in bad economic times but many small investors find it difficult to buy gold in small amounts. This is where gold coins may be just the answer for small investors who don’t have deep pockets.
Actually, gold coins may be a better investment than gold bars. Gold bars have the value of their weight in gold at the current spot price, whereas gold coins not only have the value of their weight in gold, but also added numismatic value. One ounce of gold is worth it’s weight in gold, but a one ounce gold coin can be worth $1000s in numismatic value. Coins also have a very good appreciation rate simply because there will never be any more of a specific coin produced and the number of collectors continues to increase driving up the prices. Like they say in real estate, “they can’t make any more of it”
Gold and silver coins are also very liquid assets. They are easy to buy and sell quickly in any number or dollar amounts. Many collectors buy and sell among themselves where the is no middle man, broker or dealer involved, resulting in lower prices without additional fees or inflated markups. You can buy one coin or a truck load at any time in a matter of minutes. You can get great deals on coins at auction. The coins are shipped directly to you without a paper trail as to how much you bought, what you paid for them or what you sold them for. No one but you knows your business or what your profits are. You can keep your coins at home, and if your house burns down, your coins will survive. They won’t rust, rot, rip, tear, mold, mildew or deteriorate in any way.
If you have a little money to invest and not have to worry about it losing value, look into coin collecting. It’s easy, it’s a safe investment, its private and you don’t need a bank account or credit rating. There is more complete information available at: http://www.gold.digital-homework.com
By: George Chatraw
About the Author:
Article by: George Chatraw
Private coin collector buyig and selling coins.
Refer to: http://www.gold.digital-homework.com
Samuel Dobbins