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Posts Tagged ‘Buy Gold Bullion’

Gold Bullion Buyers

Thursday, February 25th, 2010

The IMF (International Monetary Foundation) still has 191.3 tonnes of gold bullion for sale, and is still waiting for formidable gold bullion buyers. The remaining gold equates to about 5% of the annual global demand for the metal, and many have wrongfully anticipated that China would buy up at least a large portion of that sum. Those assumptions were apparently closer to wishful thinking, as China has opted in recent years to also purchase gold from her own domestic producers, rather than from the IMF. By doing so, China has managed to almost double her gold reserves over the past six years, and currently holds 1,054 tonnes of bullion.

The immediate shortage of IMF gold bullion buyers has reflected in a 0.3% increase for the U.S. dollar on the Index today, bringing it up to 80.75. Experts believe that if China bought IMF bullion now, it would reflect negatively on dollar values, which is why despite enjoying a thriving economy, China won’t likely be one of the IMF’s needed gold bullion buyers, since she already owns so much U.S. debt.

Gold investors are eagerly awaiting this Thursday’s testimony by Federal Reserve Chairman, Ben Bernanke before Congress. Bernanke will be speaking about our government’s monetary policies, which could likely act as a strong influence on both gold spot prices, and dollar values. The gold spot price moves oppositely to dollar values, and many anticipate the Fed’s announcement to finally begin raising interest rates. Higher rates historically mean lower dollar values, which bullion investors hope will equate to a rising gold spot price.

Jonathan Monroe

Shipping Gold Bullion

Tuesday, February 23rd, 2010

For the benefit of those who whish to either buy or sell, the following is a brief overview on the safest means of shipping gold bullion.

For discrete, insured delivery of gold bullion, it is recommended to transport your precious metal via Registered Mail (not certified mail) with the United States Postal Service. The USPS insures each individual package for up to $25 thousand, and is used by reputable precious metals exchanges nationwide. Registered Mail is a priority service which usually takes two to five days for delivery, and each package receives its’ own tracking numbers, so individuals can effectively monitor the whereabouts of their shipment. However, registered mail packages that do not have priority service attached may take up to 15 days to reach their respective destinations. Private parcel services like Federal Express, and UPS aren’t insured for bullion or coin transport, so shipping gold bullion through these delivery services isn’t recommended.

Investors who are purchasing gold bullion from a reputable precious metals exchange receive their USPS tracking numbers the day their metal is shipped, and take delivery of their package within the aforementioned time frame. Those who are selling their bullion are advised to securely package their bars and/or coins with bubble wrap or the like, and to use only non-glossed tape to seal their box. The Postal Service uses ink-stamped cancellation marks on their registered packages, so paper-packaging tape is recommended so as not to distort these official markings.

Those with questions on shipping gold bullion are encouraged to contact one of our friendly specialists, who not only offer expert consultation on gold investing, but who also offer institutional discounts on bullion bars and coins to household investors like you.

Jonathan Monroe

Gold bullion prices

Thursday, February 18th, 2010

Gold bullion prices escalated dramatically on Tuesday morning as the dollar index suffered its first major blow of the year against the euro. While a large percentage of economists felt that gold bullion prices would drop until the end of February, the latest surge in gold prices is strong evidence that profit-taking has subsided for the moment.

As of 4:45pm EST on Tuesday, gold had climbed $18.50 to a per-ounce price of $1119. MarketWatch reported that this drastic change was largely due to dollar devaluation, and other news outlets reported that markets profited from new bullish projections on gold coming forth from the analyst teams at Bank of America Merrill Lynch as well as Suisse America. Gold is looking to stabilize for the first quarter between $1150-$1175 per ounce, and experts and technical traders believe that gold’s all-time high of $1226 (which was reached for the first time in December 2009) could be surpassed before summer is over.

The news isn’t all sunny, however, because the Dow and Nasdaq indexes’ early gains were soon replaced by substantial losses for the day. Additionally, the latest housing market news shows that more consumers are walking away from underwater mortgages and this is increasing the number of “ghost neighborhoods,” squatters, and crime. Continued trouble in the real estate market is expected for 2010 and 2011, and the government’s attempts at reviving this slumbering market have largely been unsuccessful thus far.

The lack of parity between our markets is why so many have diversified into gold bullion and other forms of precious metal investments, and you can always track gold bullion prices and trends directly at Gold-Bullion.org.

Gold Bullion Storage

Tuesday, February 16th, 2010

Simply by landing on this blog, it is fair to say that you have heard how well gold bullion has done since 2001. Yes, the 300%+ return over the past nine years, and the 24% performance of the yellow metal in 2009, has been talked about, written about, and blogged about to death by economists, market experts, and pundits for the last decade. Yet, even though the general consensus is that it is good to own some gold, most “experts” have avoided giving advice on what to do with your gold once you buy it. It seems to me like this is rather important, since 60-75% of investors are buying gold bullion in the current cycle for the first time (not including jewelry purchases or gold that came as part of an appliance).

There are two main schools of thought on what to do as far as possession of gold. Some individuals believe that gold bullion storage is the most appropriate way to conduct your investing, while others say that holding the gold bullion yourself is the only way to go. The truth is, both of the opinions CAN be correct, it just depends on what your goals are for your gold bullion investing.

If you are using technical trading to play the gold market, or if you plan on making a very large volume purchase that you plan to sell within a short period of time (due to the fact that you foresee a major jump within a relatively short time frame), then gold bullion storage may be the best option. Shipping can sometimes take days or weeks, it can be cumbersome (and dangerous) to hold all that gold by yourself with no long-term storage plan, and when you do plan to sell you want to complete the transaction immediately; this is impossible is you have to box, insure, and ship your gold to the dealer.

If your plan is to hold onto the gold for a longer period of time, or if you are concerned about needing your gold during a national financial emergency (namely, the collapse of the dollar), then you definitely want to take physical delivery of your metals. The best way to store gold privately is in a home fire-safe or a safety deposit box at your nearby bank. Even if the bank or the FDIC fails, your gold is safe. Stay in touch with Gold-Bullion.org to learn more about the recent slew of bank failures and how this situation could affect gold bullion prices in 2010.

Jonathan Monroe

Gold’s Relationship With The U.S. Dollar

Monday, February 15th, 2010

At the risk of leaning on a cliché so close to Valentine’s Day, gold’s relationship with the U.S. dollar can accurately be described as a “love/hate”, since gold does back the value of the dollar, but dollar values and gold prices generally behave oppositely to each other. This inverse correlation is repeatedly reflected in economic developments on a daily basis, but it requires stealthy interpretation, as U.S. dollars are scattered throughout virtually every economy on the globe.

For example, Greece’s suffering economy has been in the international limelight over the past few days, as European Unions are working to aid their Mediterranean neighbor. This consolidated effort, along with Germany’s stalled economy, has applied downward pressure on the euro. This strain on the euro has assisted our nation’s currency slightly on the Index, but gold’s relationship with the U.S. dollar remains tried yet true, as the spot price climbed to $1092.70 per troy-ounce today, before leveling off to $1086 prices late in the afternoon.

Since there remains so much work yet to be done on our home front’s economy, many U.S. investors remain speculative on our financial markets. Some of these trend savvy investors are looking to capitalize on gold’s relationship with the U.S. dollar, by either using gold bullion as a short-term, potential profit vehicle, as a diversification for long-term, rare gold coin investments, or as government-approved, gold-backed IRA contributions.

Resourceful investors can avoid paying over marked retail prices for their precious metals by contacting one of our friendly specialists, who offer institutional discounts on bullion, and rare gold coin to household investors like you.

Jonathan Monroe

Buying Gold Bullion

Thursday, February 11th, 2010

One of the more attractive aspects to buying gold bullion, is its’ relative affordability in comparison to rare coin prices. Unlike long-term, rare coin investments, bullion carries premiums that generally hover slightly above the current gold spot price, which represents the cost of one troy-ounce of pure gold. The spot price is currently hovering around $1070 per ounce levels, and although there remains some debate as to why gold prices have dropped to such affordable levels so quickly, those who are buying gold bullion obviously believe that gold prices won’t remain there for very long. As a result, short-term profit seekers can now use bullion for what may be a wide-open window for potential gold spot price gains, while others are opening government-approved, bullion-backed IRAs, for long-term financial safety. (www.usagold.com)

Bullion-backed IRAs are an especially attractive option among our nation’s “baby-boomers”, since certified rare coin prices are so high, and long-term financial security is among these individual’s primary concerns. The government doesn’t permit rare coins for IRA storage, but acceptable bullion bar brand names include Credit Suisse, Johnson Matthey, Engelhard, and PAMP Suisse. Household investors typically purchase, one-ounce, and/or ten-ounce bars, although kilo bars are available.

Modern American Eagle bullion coins are the only government-approved items for IRAs with 22-karat purity, so holders of 22-karat South African Krugerrands may want to consider converting their metal to modern American Eagles, or various 24-karat bullion coinage, like American Buffalos, or Chinese Pandas.

Those who complete their research, are encouraged to contact one of our friendly specialists, who can facilitate a precious metal IRA transaction, and who also offer institutional discounts on bullion bars, coins, and rare coins to household investors like you.

Danny Burns

American Buffalo Gold Bullion Coins

Wednesday, February 10th, 2010

American Buffalo gold bullion coins are not only modern testimony to the artistic legacy of United States coinage, they are a secure means of concentrating a large amount of wealth in a small, private place. Physical possession of these 24-karat, one-troy-ounce, modern bullion coins is both aesthetically pleasing and educational, but these astonishingly beautiful coins are also U.S. government-approved for long-term, gold-backed IRA storage.

Modern American Buffalo gold bullion coins carry a $50 face value, and their design is replicated from the famed, Buffalo nickel, or Indian Head nickel, which was designed by artist James Earle Fraser, and first circulated in 1913, as a tribute to the Western frontier. The obverse design is a portrayal of a Native American tribesman, which is actually a composite of three different men, sketches of whom Fraser drew, for his legendary coin design.

The reverse design is a profiled image of an American bison, or “buffalo”, which was named, “Black Diamond”, a bison that lived in New York’s Central Park Zoo. The animal is facing left, atop an earthen mound that was later removed from the coin’s design, but is included in the modern, 24-karat bullion coin’s design. (www.usmint.gov)

24-karat American Buffalos are also minted in proof versions, which carry slightly higher premiums, and are also available in fractional denominations of ½-ounce, ¼-ounce, and 1/10-ounces, for greater affordability. Investors can avid paying outrageous premiums for their American Buffalos by contacting one of our friendly specialists, who offer institutional discounts on these, and many other gold coins to household investors like you.

Danny Burns

Pure Gold Bullion

Tuesday, February 9th, 2010

Pure gold bullion is that which is 99.999% devoid of any impurities, and it’s value is the basis of the global trade market, with the exception of 22-karat bullion coins like South Africa Krugerrands, or modern, $50 American Eagle bullion coins. Most people only ever see pure gold bullion in its’ completely refined state, but a great deal of effort and technology accompanies the manufacturing of this globally coveted precious metal. (www.responsiblegold.org)

Satellites, and geologic technology are used to locate deposits of gold ore within the earth. Once the mining process is permitted to begin, samples of ore are separated between low-grade ore, and high-grade ore. The high-grade ore is then processed accordingly;

Refractory ore which contains carbon, is heated to over 1000 degrees Fahrenheit, where the carbon sulfide is burnt off, and the remaining gold is then run through a “leaching circuit”, which is a cyanide bath that dissolves the gold to be collected, or absorbed by an electrically-charged carbon solution. The gold is then chemically stripped by the cyanide, which is recycled, and the yet impure gold is either chemically, or electrolytically separated from its’ carbon mingling.

The 90% pure gold bullion is then melted into “dore” bars, which are then sent to various refineries worldwide, and refined to the 99.999% purity that our global monetary system is backed by.

To assure quality and purity, prospective buyers should only purchase bullion bars with reputable brand names like Engelhard, Johnson Matthey, Credit Suisse, or PAMP Suisse. Those who have completed their research, are encouraged to contact one of our friendly specialists, who offer institutional discounts on bullion bars and coins to household investors like you.

Danny Burns

Gold Bullion Ounce

Monday, February 8th, 2010

Experienced precious metals investors know that a gold bullion ounce is commonly known as a “troy-ounce”, which represents one-twelfth of a pound. The troy-ounce is derived from the Ancient Roman monetary system, and remains the standard unit of measurement in the precious metals industry. Consequently, the “spot price” of a given precious metal like gold, represents the cost of one full, pure troy-ounce of that metal, which is why modern bullion bars and coins are generally minted in troy-ounce denominations.

For example, 24-karat bullion bars are most frequently minted in one, and ten (troy)-ounce denominations, and their prices are slightly higher than the current gold spot price. Novice investors should note that bullion never sells at exactly the current spot price, as gold mining, minting, and distribution companies, all incur their respective costs. For guaranteed quality, and purity however, investors are advised to purchase reputable bullion bar brand names like Johnson Matthey, PAMP Suisse, Credit Suisse, or Engelhard.

Bullion coins command slightly higher premiums than bars, and although they are minted in both 22, and 24-karat purity, both types of modern coinage still contain a full bullion ounce of pure gold. Bullion coins are frequently used as short-term profit vehicles, or as diversifications for long-term, certified rare gold coins, but they can also be used as long-term, government-approved, gold-backed IRA contributions.

Prospective buyers can avoid paying outrageously high retail prices for their bullion bars and coins by contacting one of our friendly specialists, who offer institutional discounts on these, and other items to household investors like you.

Danny Burns

Gold Bullion Krugerrand

Friday, February 5th, 2010

Individuals can come into possession of coins like the gold bullion Krugerrand through inheritance, or various types of business transactions, so it is beneficial to have a working knowledge of these internationally traded modern bullion coins. Krugerrands are the official bullion coin of South Africa, which was the first nation to globally market their gold in 1967. These one troy-ounce bullion coins are minted in 22-karat fineness, and their rich, orange hue makes them instantly distinguishable. Their obverse design features the profiled image of Paul Kruger, who was a renowned frontiersman who eventually became the last President of the old Republic Of South Africa. The reverse side portrays a springbok antelope, which is one of the nation’s symbolic animals.

Like all modern bullion coins, the gold bullion Krugerrand is completely devoid of numismatic value, which is one of the reasons why they aren’t mainly used as long-term investments. Another reason is because the U.S. government doesn’t permit the 22-karat gold bullion Krugerrand for gold-backed IRA storage. Modern American Eagles also contain a full troy-ounce of pure gold, and are also the only 22-karat bullion coin that is U.S. government-approved for precious metal IRAs, along with proof versions of these modern coins.

Bullion-backed IRAs are increasingly popular among investors who prefer to use bullion’s relative affordability, compared to much higher rare gold coin prices. Investors who are considering a gold-backed IRA, are encouraged to complete their research, and then to contact one of our friendly specialists. These gold investment experts can consult prospective buyers on the benefits of opening such an IRA, as well as offer institutional discounts on bullion, and rare gold coin to household investors like you.

Danny Burns

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