Jul
22

Some “Golden” Facts About Gold

1. Gold has been valuable for centuries, and their historical introduction as a unit of currency was believed to have been during the rule of King Croesus in and around 550BC.

2. Throughout history, gold has been written off by “experts” who have again and again got it wrong. In fact, in recent times the strength of gold tends to be linked with global economic and political turbulence. During times of global recession and war, gold tends to perform well. Generally, the economy performs in cycles, so you can normally tell the future direction of the gold price by seeing the state of the world economy.

3. One of the biggest reasons that gold has always retained it’s high value is the rarity factor – consider this incredible fact…the world creates more steel in an HOUR than it has mined gold throughout history.

4. Gold is one of the most pliable materials in the world, with one ounce capable of stretching over 50 miles.

5. In the 1500s Europeans used to put gold in liquor.

6. While gold as a currency may have been around since 550BC, gold bars were first thought to have been produced as far back as 4000 BC

Jul
22

A Brief History Of Gold – 2000+ Years Of Wealth Creation

Gold has been a star performer in the portfolios of some of the wealthiest dynasties in the history of the world. Just a few of the prolific people who have used gold to build their incredible wealth include the DuPonts (who now own a massive chemical business), the Rothschilds (once upon a time the richest people in the world), the (JP) Morgans and Egypt’s royal Farouk family. We could go on and on forever about more family empires who owe their core wealth to gold but there’s no need – the bottom line is that investment in gold has always given a sensational return over the centuries – and statistically it has put stocks, real estate and bonds well and truly in their place.

Want some proof that gold has created staggering wealth in recent times? Consider these startling facts:

- During the 1960′s investment in this “secret gold” brought about average annual returns of 100%.

- Between 1972 and 1974 the secret gold saw increases of 350% (while the stock market was heading desperately south).

- Then between 1976 to 1980 this secret gold brought investors an average of 300% per year.

- Gold saw annual increases of 340% between 1987 & 1989.

- Between 2007 and 2010 gold saw another unprecedented bull run that took it above $1,500 per ounce.

It’s interesting to note that the earliest record of gold being used as a form of money/investment occurred as early as 700BC. Since this time, all cultures and races throughout the world have craved to own gold – and many centuries on the strength of gold has gone from strength to strength.

In the present time, gold is an attractive commodity to hold because it’s price is seeing a general upward trend (and many experts agree that this is set to continue for many years to come). It’s possible to own gold for a relatively modest outlay  and so most people have the means to invest in it. Gold also brings with it a certain beauty and status symbol that most other investments simply cannot compare to.

When you buy into the gold story, you’re buying an investment that will always retain value. Gold may have ups and downs, but when you hold it long enought you will almost certainly have a chance to sell it at a profit.

Jul
22

When Gold Became Illegal (And The Gold Boom)

1933. The year that would change the way gold was seen and how it was traded. Prior to 1933 paper money was backed by physical gold – the gold standard. The gold standard was the norm – world governments would give you physical gold in exchange for cash if you demanded it.

But it all changed in 1933. The U.S. government had got itself into a sticky mess – debt and deflation were widespread in the economy. The government took a drastic step – ordering all citizens to trade all their gold coins in exchange for paper cash, while increasing the value of gold immediately thereafter.

Owning gold coins became ILLEGAL. Many gold coins (even those that were nothing short of a work of art) were melted down. No individual was allowed to own gold coins and this carried on for decades. Then, in the mid 1970’s gold coin ownership was legalized again…with some startling effects.

This “false inflation” strategy certainly worked in the mid-30’s for the U.S. government – shortly after the long standing gold standard was destroyed, the value of the US dollar nose-dived while the price of gold soared. Even so, the American economy made a staggering recovery – and there are those who believe that the current U.S. government are emulating the very same strategy that Franklin Delano Roosevelt employed in the mid 30’s.

You should be very excited, because the conditions are startlingly similar now as they were when the gold standard was executed. The U.S. economy (as then) is struggling with deflation, debt and a faltering economy. The amount of paper money being produced today is increasing. The value of the dollar is decreasing.

And guess what? The price of gold at the time of writing is steaming forward …and it seems we could be heading towards another major boom which could mean huge gains for those who harbor gold holdings in their portfolios.

Jul
22

The Grading & Composition Of Gold Coins

This is important, because it will help you understand the true value of your gold coin investments.

Coin grading has become a requirement in the rare coins market simply because of it’s popularity with non-professionals. The rare coin market has exploded in recent times and with it came the need to verify (or grade) the quality of various coins.

Consequently, the process of official grading came about.

One of the most reputed grading services available is the PCGS (www.pcgs.com) or Professional Coin Grading Service.

Here are the main stages of the grading process:

1. The coin is checked for authenticity. It’s also checked to ensure it is unaltered.

2. If the coin is authentic and unaltered the grading experts will assign a “grade” to the coin. Several of the coins characteristics are taken into account when coming up with a grade including toning, marking, luster and general appearance.

3. The grading number is assigned (between 1 to 70). 70 is the highest (best) grade of coin available.

Jul
22

How To Extract Gold From Old Computer Parts

004 72 150x150 How To Extract Gold From Old Computer Parts

 

 

It may sound incredible – but all those old computers, are a source of pure GOLD. And you can retrieve the gold when you know how.

Here is a basic overview on how to do this:

1. Find a computer that is no longer being used. Sometimes, dumps can be a good source of getting old used computers.

2. In the motherboard, find the processor. You will usually need to unscrew the case of the computer to get to the motherboard.

3. If you’re unaware of what a processor looks like, it is a square looking item with pin-like structures protruding from it.

4. In a clean glass beaker that is washed into a fumed hood, ensuring the vented fumes are released into a safe area. Have buffer solution available.

5. Wear protective clothing at all times – place the processor into the glass beaker and then add nitric acid to the muriactic acid. Be careful of fumes and reactions at all times.

6. Over a couple of days, the non gold will be eroded away until you are left with only GOLD in your beaker.

7. Remove the gold, and wash it.

Remember, as you are using acid, you must ensure that you take precautions at all times for your safety!

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