1. “The New Case for Gold” by James Rickards – Rickards is known for his insights on finance and markets. In this book, he explains why gold is important for investors and analyzes its role in the modern economy.
2. “Gold: The Race for the World’s Most Seductive Metal” by Matthew Hart – This book provides a comprehensive history of gold, its significance, and its impact on societies, economies, and individuals.
3. “The ABCs of Gold Investing: How to Protect and Build Your Wealth with Gold” by Michael J. Kosares – A beginner-friendly guide that covers the basics of investing in gold, explaining its value and how it can be utilized in a diversified investment portfolio.
4. “Guide to Investing in Gold & Silver: Protect Your Financial Future” by Michael Maloney – This book delves into the practical aspects of investing in precious metals, focusing not only on gold but also on silver and how these metals can hedge against economic uncertainties.
5. “The ABCs of Gold Investing” by Michael J. Kosares – This book provides a solid foundation for understanding gold investing. It covers the history of gold, its role as a store of value, and practical advice on incorporating gold into an investment portfolio.
6. “Gold: The Race for the World’s Most Seductive Metal” by Matthew Hart – While not a traditional investment guide, this book offers an engaging exploration of the history, allure, and economic impact of gold. Understanding the broader context of gold can provide insights into its investment potential.
7. “Currency Wars” by James Rickards – While not solely focused on gold, this book by James Rickards discusses the role of gold in times of economic uncertainty and the potential impact of currency wars on precious metals.
8. “The Gold Cartel: Government Intervention on Gold, the Mega Bubble in Paper, and What This Means for Your Future” by Dimitri Speck – This book delves into the role of government intervention and manipulation in the gold market. It provides a critical perspective on the forces that can influence gold prices.

Have you ever considered the advantages of investing in a gold ETF (Exchange-Traded Fund)?

It could be a smart move for your financial future. Here’s why:

1. Diversify Your Portfolio:

Are you looking to spread your investments and reduce risk? Gold has historically moved independently from traditional assets like stocks and bonds. By adding a gold ETF to your portfolio, you can achieve diversification that acts as a shield when other investments falter.

2. Embrace Safety:

Think of gold as your financial safety net. When economic turmoil strikes, gold often holds its value or even appreciates. It’s a beacon of stability during uncertain times, safeguarding your wealth.

3. Beat Inflation:

Worried about inflation eating away at your savings? Gold has a long-standing reputation as an inflation hedge. As fiat currencies lose value due to inflation, gold tends to rise in worth, preserving your purchasing power.

4. Easy Access:

Investing in a gold ETF is incredibly accessible. These funds trade like stocks on exchanges, making it a breeze to buy and sell shares throughout the day. Forget the hassle of storing physical gold.

5. Cost-Effective:

Gold ETFs come with lower costs compared to owning physical gold. No worries about storage, insurance, or security expenses.

6. Diversified Exposure:

Some gold ETFs track gold mining companies or a range of precious metals, offering you broader exposure to the gold sector while minimizing individual company risks.

7. Tax Benefits:

Depending on your location and tax laws, you may enjoy tax advantages with gold ETFs. Capital gains from selling ETF shares can have favorable tax treatment compared to physical gold.

8. Convenience:

Dealing with gold ETFs is a hassle-free experience. It’s all digital and can be managed through your brokerage account.

9. Speculative Opportunities:

If you’re interested in short-term profit opportunities, some gold ETFs offer leveraged or inverse options, allowing you to make speculative plays in the gold market.

Remember, while gold ETFs offer numerous benefits, they aren’t without risk. Gold’s performance can be influenced by various factors. Therefore, it’s wise to conduct thorough research, align your investment with your goals and risk tolerance, and consider consulting a financial advisor before adding gold ETFs to your investment strategy.”

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Investing in a gold ETF could be a wise step toward securing your financial future.

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The current Gold, Silver, Platinum, or Palladium price.  Click the menu…                   

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                                                                                                                                                A good habit before purchasing gold you find worthy is to do a little research on gold prices first. You may find the seller is asking for far more than it is worth!  By knowing the general price of gold, there is less chance you will be taken advantage of.

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The American future depends on Gold for survival.

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It’s a different world today.  People chase shiny things.  They want what you have and if you need something? How will you get it?  Turn to thievery?… desperate to survive how will you behave?

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It will be a long road ahead without the comforts of the Internet or TV or money.  Will you have enough food?  water?  warmth?

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How will you survive if you are not prepared?

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Gold will show to be the most precious and reliable money in a collapsing economy.  As a result, possessing a gold coin stash will be critical if you want to maintain a decent quality of living.  Therefore, Gold bullion such as coins, or grams has the advantage of being more easily divided and relatively easy to store.

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Gold will perform two critical functions during an economic collapse. It will be one of the few kinds of actual currency that will be accepted, as well as one of the few ways to preserve wealth.  It has additional value as a medium of exchange for goods and services.

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Furthermore, buying gold grams is a way to trade smaller quantities when the banks do not allow you to withdraw a dollar.  It’s a real concern these days.

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With Gold, you will be able to barter and get the basics you need… such as Food, Water, Shelter, and Batteries.  The list is ongoing and when times are tough what are you going to do?

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Physical gold is almost indestructible, has a consistent composition, and can always be exchanged for other goods or services.

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Gold for survival is crucial.

→ Barter for goods and services

→ Maintains wealth

→ Easy to store

→ Alternate currency

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Bottom line

Gold is useful in times of crisis.  To be financially prepared, the time to buy Gold is now.  

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Gold and the dollar.

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The downfall of the American dollar happened with the removal of gold backing by Executive Order 6102.  Going from honest, sound money into political money.

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Executive Order 6102 signed on April 5, 1933, by U.S. President Franklin Delano Roosevelt required citizens to turn over their gold…

All persons holding more than five ounces of gold is to deliver their “gold coin, gold bullion, and gold certificates, now owned by them to a Federal Reserve Bank, branch or agency, or to any member bank of the Federal Reserve System.”

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By outlawing the saving of gold, Roosevelt intended to destroy gold as an everyday currency, transferring the purchasing power of gold to the U.S. government.

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In exchange for Americans’ gold, the government gave the Federal Reserve Notes at a set exchange rate per ounce.

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Soon thereafter, FDR devalued the Federal Reserve Note by resetting the exchange rate, thus overcharging citizens at a higher rate who complied with the order.

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The U.S. dollar is no longer backed by gold.

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In 1933, the U.S. government was required to have gold in order to expand the volume of currency in circulation. Those days have long since passed, as there is no longer any (non-political) standard tied to the increase of America’s money supply.

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In 1965, President Johnson passed the Coinage Act, removing silver from coins and replacing them with clad coins, a mixture of nickel and copper.

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Then in 1971, President Nixon ended the Bretton Woods agreement and the ability of foreign central banks to convert their dollars back into gold at a fixed rate.

The Bretton Woods Agreement established a system through which a fixed currency exchange rate could be created using gold as the universal standard. The agreement involved representatives from 44 nations and brought about the creation of the International Monetary Fund ( IMF ) and the World Bank.

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The removal of gold backing from our paper currency completed the transition from sound money to a full paper currency monetary system, resulting in an explosion of debt and inflation.

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Today, the Federal Reserve continues to create money out of thin air to help finance the deficit.

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Bottom line

Now you know your dollar is not worth anything, now is the time to buy Gold.

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More recently, Gold climbed above $2,000 an ounce in early March 2022 after Russia invaded Ukraine.

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When your stock investments start to tumble in the ‘current events drama’, you feel uncertain… move your hard-earned dollars into commodities. More specifically, Gold. You can keep it, OR barter with it for other commodities such as… food.

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Smart Investors will shift some of their portfolios toward gold and other precious metals.

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May 3 (Reuters) – Gold prices are expected to hold firm this quarter as investors seek refuge from soaring inflation and risks such as the Ukraine war

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Gold is traditionally seen as a safe place to invest during times of financial and economic uncertainty.  Therefore, the smart choice is Gold. Look at your 401k and thank us later.  It’s a gold-buying fact.

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Gold and Inflation

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The price of gold and inflation share a direct relationship; as inflation rises, so does the price of gold. Simply explained, inflation occurs when the price of goods and services rises over time. As things become more expensive, income becomes less flexible.

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While it is commonly assumed that gold and inflation are positively associated, the inverse relationship between interest rates, the dollar, and gold should be considered. Given that gold is priced and sold in US dollars, you may be wondering how monetary movement impacts the other. The most prevalent interpretation of this relationship is that the stronger the US dollar becomes, the lower the price of gold becomes. Similarly, the higher the price of gold, the weaker the US dollar.

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Interest rates

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When a central bank considers whether or not to adjust its monetary policy, inflation is a critical consideration. Price stability would appear to be the principal purpose of most central banks. That is not always the case, however.  Frequently, the Central Bank is tasked with achieving multiple objectives, such as financing wars and growing the stock market (both inflationary), while maintaining moderate inflation.

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When the Federal Reserve expands the money supply in order to boost employment, inflation rises and interest rates rise. One reason interest rates are rising is that banks are concerned that their loans will be repaid with “cheaper” (i.e. less valuable) dollars, so they demand higher interest to offset the risk.

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Another reason interest rates are rising is that the Federal Reserve is pushing them up. They accomplish this by increasing the interest rate they charge banks. So, on the one hand, the FED expands the money supply, causing inflation to rise (beyond the FED’s aim of 2%), but on the other hand, the FED raises interest rates.

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An alternate currency

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Gold was the initial currency therefore, it might be considered an alternate currency.  When residents lose faith in their own money, they will shift to an alternative currency.  Gold is more likely to maintain its value. When inflation becomes severe enough (hyperinflation), the entire economy may convert to using an alternate currency. Gold.

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As with any other asset, you’re expecting to grow your wealth and/or preserve it when you invest in gold.  

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Keep paying off debt, investing, and saving. No matter what the Federal Reserve does, how the markets react, or whatever the latest news of the world is we see, it’s nice to have a solid financial base in gold!   If you stack with the goal of ounces instead of dollar value, you see immediate gratification and little worry about spot prices.

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Bottom line

The time to invest in Gold is NOW and secure a financial future. 

If you enjoyed this post, go here now to enter your e-mail and get your free Gold Buying Facts .pdf.

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Your Crypto Roth IRA is a nest egg on steroids!

Basics of a Crypto Roth IRA

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Do you like taking risks?… If you do not mind taking a risk, you should consider investing in a Crypto IRA.

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Planning for your retirement is not easy because it entails opening a retirement account, choosing the right retirement strategy, and probably hiring a financial adviser. Most people relied on traditional financial institutions to plan for their retirement in the past.

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However, nowadays, cryptocurrency is the way to the future…

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Crypto IRA is bridging the gap between the traditional and new worlds of finance. Crypto IRA is a retirement account that you can use to invest and store cryptocurrency.  It is essential to understand that you will deal with the same standards, for example, tax benefits, as if you were investing in a typical asset class. Your assets will be stored in a digital wallet with a crypto IRA.

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Benefits of Crypto in your Roth IRA

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• Increase in value in the future

One of the main benefits of crypto in your Roth IRA is the cryptocurrency’s potential in the future as an asset. Over the years, cryptocurrency has increased in popularity, value, and legitimacy. This makes crypto a worthwhile investment, especially if you want a Roth IRA. If this trend continues, those invested in crypto will reap big from the high returns.

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• Tax benefits

You can minimize crypto taxes considerably with a crypto IRA because the IRS classifies crypto as a property. Therefore, your crypto earnings are subjected to short-term & long-term capital gains. So, how does Roth IRA contribute to tax benefits? You will enjoy more tax benefits if you have a traditional crypto IRA because the contributions are tax-deductible. Also, you can defer paying taxes until the time you retire. However, crypto Roth IRA isn’t tax-deductible. However, you will get better tax benefits with time because you will not pay capital gains tax if the crypto value increases.

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• Decentralization

Since a government or regular factors cannot control cryptocurrency, consumers find it more appealing. Investors are the primary driving factors in the crypto market.

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• Security

It is very difficult for one to be scammed or lose crypto if they are keen. Each block of crypto is built upon the information of a previous block. This makes it easier and more secure to transfer crypto between two parties with minimal tampering or risk of loss.

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Potential Future of Crypto and why you need to invest in it in a Roth IRA

Although investing in Crypto is a risky venture, they are very profitable potentially. To make the right investment choices, it is crucial to research thoroughly, seek professional advice and familiarize yourself with current trends. If you invest in Roth IRA, you will potentially double or triple your money in a few years as more people learn more about crypto.

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The kinds of crypto allowed in Roth IRA

Bitcoin is one of the most popular cryptocurrencies in the world today. However, other cryptos include Ethereum, dogecoin, and tether, among others. If you are considering opening an IRA account, here are the best choices:

• BitcoinIRA
• BitIRA
• CoinIRA
• iTrustCapital
• Broad Financial
• BlockMint

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Gold vs. Crypto in Roth IRA

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Should you invest in Gold or Crypto in IRA?

If you are caught in this conundrum, there is a perfect solution. Although Gold is a popular investment strategy, a newer alternative is here with us.

Crytpo is a renowned investment method and is considered a currency by many. Be that as it may, crypto has unique features which make it easy for many people to prefer it to gold in a Roth IRA.

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Get Your Free Guide on Digital Currency IRAs

Learn how You can make HUGE Profits with Crypto today!

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Mine Pi (Digital Currency) use username (pi2020join)

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Bottom line

Ultimately, the investor should decide whether to invest in Gold or Crypto.

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When buying gold nuggets, it all depends on what you are looking for and how much you want to spend. 

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Gold nuggets come in all kinds of shapes, sizes, prices, and purity.  There is a lot to consider when shopping for a gold nugget.

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Gold nuggets are available to buy from Mints, Dealers, and private sellers like a Museum. You may sometimes have an opportunity to buy directly from the Miners if you have a source.

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You must be aware when buying gold nuggets because it comes with risks. While there are plenty of reputable sellers out there, there are also those who like to take advantage of buyers who don’t have enough knowledge. 

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Be aware of what you are buying and from who.  Here are some safety points to consider:

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Evaluate the Seller 

You can’t go with any seller when it comes to something as valuable as gold, be sure you’re buying from a trustworthy source. A reputable dealer will provide you with a certificate of authenticity and a map locating where and when the gold was mined.

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We buy our gold nuggets directly from miners. Each of our raw gold nuggets come with a certificate of authenticity with a map locating where and when the gold was mined.

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Check out the Customer Reviews 

The reviews will tell you a lot about the seller.  Customers always like to report their experience, good and/or bad.

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Review the Current Gold Price

A good habit before purchasing gold nuggets you find worthy is to do a little research on gold price first. You may find the seller is asking for far more than it is worth!  By knowing the general price of gold, there is less chance you will be taken advantage of. 

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Pay attention to the Weight

Grams and Grains are Different.  It is crucial to pay attention to the weight, as you could end up misreading and buying gold nuggets you thought were much heavier than they are.  One of the biggest mistakes new gold nugget buyers make is mixing up grams and grains. Beware because the weights are vastly different, with grams weighing far more than grains.  

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Check if they offer Returns 

Does the seller you’re buying from offer returns? If you are ordering online, it’s better to order from someone who makes returns simple. Even if you receive the item exactly as advertised, it might not meet your expectations, so it’s always safer to know that you can return it if you want or need to. 

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Ask for a Size Reference 

It is not always easy to see how big the nugget is, and some sellers make them appear bigger than they are. For this reason, ask for a size reference when purchasing (for example, a picture with a ruler behind the nugget)

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Perform a Gold Acid Test

If you are still skeptical and want to be completely sure that you are buying quality, then the safest way to do so is by using a gold acid test kit. Once you receive your gold from a new seller, the first thing you should do is test it, and if it is not as pure as advertised, start the return process or file a dispute with the seller. 

Acid Gold Testing is done with an acid kit. You can complete it yourself by creating a small scratch in a section of the gold that is unnoticeable and will not ruin the appearance of the gold (for example, on the underside). The scratch will help the acid penetrate deeper into the metal and provide a more accurate result.

Place a small drop of acid onto the scratch on your gold starting with the lowest Karat acid (9 Karat). The acid kit should come with acid for all Karats of gold. The reaction of the metal to the acid will tell you which Karat your gold is.

Observe the reaction of the acid and reference the color of the material with the color chart provided with the kit. Material that is gold-plated or not made from gold at all will normally turn green or bubble; if the color match is inconclusive, clean the gold thoroughly with a clean rag and repeat the process with the next Karat acid.

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Now you own a precious gold nugget.  A concern is if you are looking to sell your gold nugget,  how do you value it to the buyer?  For example, a gold coin has the details imprinted directly on its surface.  A sure sell. A fast sale.

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Bottom line

Buying gold nuggets it’s more for collectors who love gold.  However, as an investment, it’s not a wise choice. Selling your precious gold nuggets requires a specific unique buyer who may not be easy to find when you are looking to sell for fast cash. 

If you enjoyed this post, go here now to enter your e-mail and get your free Gold Buying Facts .pdf.

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Gold Taxes: Reporting Requirements for Bullion Transactions

There are two circumstances in which precious metals dealers are obligated to report consumer transactions to the IRS:

1. when a consumer sells reportable quantities of specific bullion or coins; and

2. when a consumer buys goods from a dealer and pays $10,000 or more in cash for the goods.

When a consumer sells a reportable gold taxable quantity of specific bullion or coins, precious metals dealers are required to file Form 1099-B with the IRS. Failure to follow reporting requirements can result in the IRS issuing monetary fines, or even criminal charges against both the precious metal dealer and the customer.

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Form 1099-B

The 1099 series is a set of forms used to report various types of income other than wages, salaries, and tips.

Form 1099-B (Proceeds from Broker and Barter Exchange Transactions) is the IRS form that lists gains or losses for certain kinds of consumer transactions.

They allow the IRS to prevent tax evasion by keeping track of individuals who may be selling assets as a source of income. In the context of precious metal transactions, dealers are required to fill out a Form 1099-B when a customer sells them any of the products mentioned in the IRS’s Reportable Items List according to the predetermined reportable quantities.

The reporting criteria vary according to the particular coin or bullion piece sold.

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Bars and Rounds

The reporting criteria for bars and rounds sales are primarily determined by the purity and the quantity of the individual products. However, these criteria differ for each kind of precious metal.

> For sales of gold bars and rounds to be considered reportable, every individual piece of bullion must have a fineness of at least .995 and the total purchase quantity must be 1 kilo (32.15 troy ounces) or more.

> Similarly, for sales of silver bars and rounds to warrant reporting, each silver piece needs to possess a fineness of at least .999 with a total purchase quantity of 1,000 troy ounces or more.

> Lastly, sales of palladium and platinum bars or rounds require the smallest qualifying quantities of 100 troy ounces and 25 troy ounces, respectively. The fineness restriction for both metals is .9995.

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Coins

The reporting criteria for coin sales are straightforward and the restrictions specific. There are only a few coins that are required to be reported to the IRS.

Reportable gold taxes on coins include the following:

1 oz Gold Maple Leaf (minimum of 25 coins)

1oz Gold Krugerrand Coins (minimum of 25 coins)

1 oz Gold Mexican Onza (minimum of 25 coins)

US coin composed of 90% silver (i.e., pre-1964 silver coins)

Exempt from reporting bullion products, regardless of the quantities that a customer sells include, but are not limited to:

Gold coins with fractional denominations

Gold or Silver American Eagle Coins

Any pieces of foreign currency that were not explicitly mentioned in the IRS’s Reportable Items List

Pieces of US currency were created subsequent to the list’s creation in the 1980’s.

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Capital Gains Tax

The IRS considers any profits a customer gains through the sale of their precious metal assets is taxable and is subject to “capital gains” taxes.

“Capital gains” refers generally to any profits that resulted from the sale of property or an investment.

In terms of precious metals, capital gains occur when a particular coin or bullion piece increases in value after the initial purchase and is then sold at a higher price.

“Buy low; Sell high”

Any such profits are subject to either a short-term or long-term capital gains tax, depending on how long the asset was held prior to sale.

If you owned the gold for less than a year, you pay a short-term capital gains tax. The tax rate is exactly the same as whatever income tax rate you file at. If you owned the gold for more than a year, you pay a long-term capital gains tax.

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Revenue Code Section 1031

Generally, if you make a like-kind exchange, you are not required to recognize a gain or loss under Internal Revenue Code Section 1031.

To report a like-kind exchange, taxpayers must file Form 8824, Like-Kind Exchanges, with their tax return for the year they transfer property as part of a like-kind exchange.

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Bottom line

You can trade an unlimited amount of gold and not pay the tax when using the self-directed retirement account. Or, you can delay the gold taxes with the 1031 IRS exchange, if applicable to your situation. Otherwise, the Internal Revenue Service (IRS) requires dealers to report your physical gold sales on Form 1099-B.

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Gold vs Silver what is the difference?

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There are several differences between gold and silver.

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Gold is dense than silver. Pure silver is 84% larger in volume than pure gold. This means silver takes up 128 times more space than gold for the same dollar value.

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For example, $50,000 worth of gold weighs about 2.6 pounds, but the equal value of silver weighs about 189 pounds.

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Gold is more expensive than silver because it’s by far the rarer metal. Worldwide, just 3,300 tons of gold were mined in 2019, compared to 27,000 tons of silver, according to the U.S. Geological Survey (Mineral Commodity Summaries 2020.)

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More than half of the demand for silver is from its countless industrial uses. It is used in electronics, automobiles, solar panels, medicine, and manufacturing, to name a few.

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Because it’s so vital to industrial activity, demand for silver tends to rise and fall with the overall economy. When production picks up, silver prices are likely to increase. If it slows, silver often tumbles. Silver is more volatile than gold.

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Gold is favored by investors as one of the safest investments.  Gold is a safe haven in times of inflation because it retains its value much better than currency-backed assets, which may climb in price, but drop in value.

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Another difference between gold vs silver reflects in the price:

Gold        $1,800.00 per 1-ounce
Silver      $      24.00 per 1-ounce

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Bottom line

Because of silver’s affordability, it may be more appealing than gold if you’re seeking to build your precious metal investment. But as a long-term hedge, gold is more attractive.  A reachable plan is to purchase silver monthly, then trade it in for gold. Continuing good investment habits is a great way to obtain your golden empire.

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Understanding Precious Metals Dealers

Licensed precious metals dealers are required to record and retain additional information about property acquired from people other than wholesalers.

By law, dealers are (1) people primarily engaged in the business of purchasing gold or gold-plated ware, silver or silver-plated ware, platinum ware, watches, jewelry, precious stones, bullion, or coins and (2) licensed by the police chief, or for any city or town that does not have an organized local police department, the emergency services, and public protection commissioner.

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SELLER IDENTIFICATION

Under current law, a dealer is required to demand “positive identification” from anyone selling property.  The identification must include a photograph; an address, and an identifying number, including the date of birth.

According to federal tax laws, precious metal dealers are not only required to report certain sales by their customers, but they are also under a legal obligation to report any cash payments they may receive for a single transaction of $10,000 or more.

 

Reputable dealers will take a police report when you sell your gold, They’ll hold on to the piece for 15 days or two weeks, depending on the jurisdiction, in case it’s stolen. 

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RECORD-KEEPING

Under current law, dealers are required to keep records noting the time of each transaction, with a description of the (1) purchased property and the price paid, (2) name and address of the person selling the goods, and (3) date and hour the property was purchased.  Dealers must note the type or form of identification in the record.

> Precious Metals

The record-keeping requirements for selling gold or gold-plated ware, require dealers to maintain a consecutively numbered record-keeping system with entries recorded in English at the time of purchase.  In addition to the information described above, records in the system must contain a (1) general description of the seller, along with proof of identity and (2) a digital photograph of any item without identifiable numbers or markings. The dealer’s record must record the seller’s home address and requires them to keep the records for at least two years.

> Property Description

The record’s property description must include:

> Digital Photographs.

A digital photograph of property that does not have any identifiable numbers or markings is required.  A number corresponding to the number assigned to the property’s entry in the record-keeping system must be visible in the photograph and remain attached to the property until its disposition or sale.

> Bullion and Coins

For bullion and coin sales, in addition to the requirements under current law, dealers are required to keep the record in English, be consecutively numbered, and include the seller’s general description.

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PAYMENT RECORDS

By law, dealers may pay for acquired property only by check or money order.  The law requires dealers who pay by check to retain their electronic copy or other record issued by the financial institution that processes it.  The copy is subject to inspection as part of the dealer’s record-keeping system, and presumably includes the record-keeping applicable to bullion and coin sales.  Dealers must indicate the number or numbers associated with the property in the record-keeping system on the checks or money orders.

Existing law bars dealers from paying sellers in cash or cashing checks or money orders. A violation is a class A misdemeanor, which is punishable by up to a $2,000 fine, up to one year’s imprisonment, or both.

> Customer Receipts

By law, at the time of purchase, a dealer must provide the seller a receipt containing the required record-keeping information, the amount paid for any property sold, and the purchaser’s name and address.

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WEEKLY REPORT

Under current law, at the request of the licensing authority, dealers must submit weekly sworn reports describing the property purchased, including the seller’s name and address.  This reporting requirement is mandatory and gives dealers the option to submit them more often. It requires reports to also include a description of the person from whom the property was purchased and the nature and terms of each transaction.

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Bottom line

Understanding how your dealer runs its operations is helpful in your own record-keeping efforts.  Also, knowing your gold facts gives you confidence when making decisions of who to trust your hard-earned money to and what to expect when making transactions.

If you enjoyed this post, go here now to enter your e-mail and get your free Gold Buying Facts .pdf.

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Sell your gold?  Let’s consider the facts…

Your gold investment should be for the long term, but in some circumstances, you may need to or want to sell your precious metal.  Some reasons may include:

• Hardship

• Unexpected extra expenses

• Investment choice (sell at a profit).

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Selling your gold back to the place you originally purchased is a great place to start.  They will gladly purchase back from you when you are ready to sell.  This is your first go-to place.  A local Broker/Dealer will save you shipping costs, and will most likely pay you immediately.

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If you do not have a local gold dealer, here are simple steps to sell your bullion:

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1. Contact a Broker/Dealer by telephone or website.  When you visit their website, find the “Click Here to Sell to Us” link, and follow the instructions.  Or call by telephone and a representative will quote you the current buy-back price.  If you wish to sell gold, the Broker/Dealer will lock your sell price over the phone and send you a Purchase Order.

With larger sales greater than $50,000, they will lock the spot market bid price when the metal has been shipped and you call to provide the shipment tracking number.  But, in this event, the Broker/Dealer should still confirm over the phone the premium or discount to the spot market price they will pay.

• All rounds and bars must be clearly marked with weight and purity

• Bars must carry a manufacturer’s name and/or insignia

• Metals should be of uniform variety, in good, clean condition, and have a familiar, marketable design

• Pre-1965 Dimes, Quarters & Half Dollars (Junk Silver) should be identifiable as having been minted prior to 1965.

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2. Ship the metal insured for the full value.  The Broker/Dealer will provide shipping instructions when you call.

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3. Once the Broker/Dealer receives your package, they inspect and send your payment immediately.

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How to Ship your precious metals.

You will need:

1. A cardboard box that is large enough to fit the products and extra packing material

2. The precious metals that you are selling

3. Strong packing tape

4. Your P.O. paperwork

5. Packing material like packing paper or bubble wrap.

Ensure that all tubes are stuffed with either paper or cotton balls to avoid rattling.  Tape ALL tubes shut with tape to avoid them breaking open during transit and being damaged.  Wrap heavier objects (like 100-ounce bars) in bubble wrap for additional protection.

Give precious metals like gold, platinum, and palladium extra care by wrapping them in extra bubble wrap. (Note: coins that are 24 karats like the Canadian Maple Leaf are much softer and scratch very easily.  They need to be treated with extra care to avoid being damaged.)

Do a last check to ensure that all seams are taped, there is no rattle inside the box, all empty spaces inside the box are filled with packing material and that all products listed on your P.O. have been enclosed in the shipment.

Add your label and ship.  Track your package with the tracking number to ensure its delivery.

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Gold miners are found all over the world. A large source of gold is from a mine in South Africa and another mine in Australia. China is also a large producer of gold. 

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Gold miners begin by exploring to find a gold vein. With much research and planning, the key is to obtain a large-scale, low-cost operation that efficiently finds the gold and extracts it. Gravity measurements are a typical means of locating dense mineral deposits in the Earth’s crust. However, traditional ground-based surveys are time-consuming and expensive. Extraction operations may include trenching and core drilling.

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Gold miners have perfected the extraction operation in the gold mining industry.  These are the gold mining companies you will be investing in with exchange-traded funds (ETFs).  As an investor, you purchase shares of these gold mining companies that trade on the Stock Exchange. The ETF provides exposure to a selection of companies operating within the gold mining industry.  

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Many investors see ETFs as a liquid and low-cost option for gaining exposure to this part of the gold industry. ETFs in gold mining companies have proven to deliver returns to their investors making them the favored investment choice by many.

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There are many gold mining companies to choose from. Most companies also mine other precious metals besides gold.

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Which is the best gold miner to invest in?  You will want to do some research on which gold miners you prefer.  If you are new at this, we have excellent and professional service to guide you along the way.  

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Inside your new Gold IRA, you will discover the different investment options available to you. You will have confidence knowing you are putting your hard-earned money to work. Go here now to start your investment today.

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Which is the best gold coin to invest in?

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In the case of liquidity, it’s easier to move many of one coin rather than trying to sell several numerous different coins.  Therefore, the best gold coin to buy is the coin of your Country.

Here, in the United States of America, the most liquid gold coin is the 1-ounce 22 kt American Gold Eagle.

It has a wide buyer pool, is recognizable, and is easy to sell.

The 22 kt alloy is meant to harden the coin. It has 91.67% gold, 3% silver, and the rest is copper. This gives it a different tone than found in 24 kt coins. Most people could care less because the coin does contain a full troy ounce of gold.

Gold Eagles are available in 22-karat gold in weights of 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz.

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Your investment in the 1-ounce United States American Eagle is a wise choice.

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If unable to afford 1-ounce coins, you can go with a fractional option…

The 1/4-ounce American Gold Eagle, although more affordable to a beginner, has a premium that is a lot higher. At about 20 – 25% more premium.

Buying the 1/10-ounce American Gold Eagle monthly is a reasonable plan and will cost you approximately $260 monthly, but will end up costing you more to get the most out of your investment in the long run.

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This plan will get you to your goal on a small budget but this makes them tough to buy if you are looking to decrease your overall cost of acquisition.

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The second best gold coin to invest in?

The 24 kt 1-ounce American Gold Buffalo from the United States Mint is an excellent choice.  24 kt is a soft gold and easy to scratch, therefore you should keep it in a capsule.

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The third best gold coin to invest in?

The 1-ounce Canadian Gold Maple Leaf, available in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz coins.  The Canadian Gold Maple Leaf coin feature .9999 pure gold content.

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These picks are based on liquidity such as buyer pool, recognition, and sellability.  But the best coin to buy is as simple as buying the coin of your Country. 

If you live in the United Kingdom, consider the Britannia. In China?, the Chinese Gold Panda.  If you are down under, look for the Kangaroo.  The coin of your country will be the most liquid and accepted when you need to sell.

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Bottom line

Saving your money, buying larger quantities, and making fewer purchases will cut spending on premiums and shipping; if storing them yourself.

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Gold bullion is a popular choice because there are several options available:

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When buying gold, there is a luxury fit for everyone

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American Gold Eagle:  The most popular American gold coin.  Gold Eagles are available with 22-karat gold in weights of 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz.

American Gold Buffalo:  The Gold Buffalo coin first-ever 24-karat gold coin from the United States Mint and is available only in 1 oz gold.

Austrian Gold Philharmonic:  Austria’s leading bullion coin, Gold Philharmonics have .9999 pure gold and available weights include 1 oz, 1/2 oz, 1/4 oz, 1/10 oz, and 1/25 oz options.

Australian Gold Kangaroo:  Each one has .9999 pure gold content. Available in two-ounce, ten-ounce, and one-kilogram coins.

British Gold Britannia:  The Royal Mint of England issues the Gold Britannia annually. The coins feature .9999 pure gold content.

Canadian Gold Maple Leaf:  The Gold Maple is available in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz coins.  The Gold Maple Leaf coins feature .9999 pure gold content.

Chinese Gold Panda:  Offered in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz, and a 1/20 oz coin.

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Gold coins are struck with a minimum purity level of .999 gold, while coins such as the American Gold Buffalo, the Canadian Gold Maple Leaf, and the Australian Gold Kangaroo are issued with .9999 pure gold.

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Owning gold in paper (ETF), the notion of many who trade gold…  if the financial world comes to an end, you are not going to be holding the gold, you’re going to be holding a piece of paper.

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Bottom line

Owning the physical gold allows you to have immediate access to your asset.  In the event of a banking collapse, you will have your investment safe and sound in your possession.  

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Is Gold Storage Right for You?

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Every investor has different objectives and requirements when it comes to their precious metal investment. The golden rule is to ensure that your invested bullion is owned outright and unencumbered. 

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To achieve this:

• Do not hold metals on the books of a company you do not control.

• Avoid metals that are or can be “hypothecated” by the trustee, i.e. lent out to cover anyone’s debts but your own.

• Be sure your metals will be there when you need them. 

• Avoid promissory notes and certificates.

• Avoid schemes that require the trustee to purchase metals at the market when you request delivery.

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Gold storage options are:

Home gold storage:  Place your gold in an inconspicuous area of your residence or in a safe.  Do not share this information with anyone except someone you trust.

Offsite gold storage: Place your gold in retail banks (safe deposit box/bank vault), bullion banks, or bullion depositories.  Offsite storage does not allow immediate physical access to your gold. 

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Types of accounts available offsite are:

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Segregated Storage

Segregated Storage means that your bullion is kept physically separate from all others. You retain ownership of your bullion while the vaulting service only serves as a custodian. When you retrieve your bullion, it is the same exact items you put into storage. This personalized bullion storage service costs the most.

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Allocated Storage

Allocated is the most common type of “you own it” bullion vault storage. Your bullion is kept in a vault with that of other investors. You still retain ownership of your bullion while the storage company acts as a custodian. When you request your bullion, you will receive the same type of bullion, but not necessarily the exact same item.

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Unallocated Storage

The cheapest, most common type of offsite gold storage but you do NOT own the bullion.  The bank buys bulk bullion bars, then sells fractional claims to the gold to investors.  The bank actually owns the bullion and investors are unsecured creditors.  The bank lends or leases the actual gold to make a profit, or uses it to back derivatives. This means that if the bank or storage company goes under, you might get a fraction of your investment back because the gold will be pooled with other assets to pay off secured creditors like bondholders.

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To secure your nest egg for the long run, consider a self-directed IRA.  An advantage is the storage is taken care of for you. You do not have to worry about transfer or storage while investing in gold and silver in your self-directed IRA.  Qualifying gold must be stored in accordance with IRA rules and personal storage of precious metals owned by an IRA is not allowed.

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Bottom line

A great way to start is to roll over an existing retirement account.  A 401k will not permit you to own precious metals therefore, you would have to roll it over to a self-directed IRA.  Don’t wait. The time is now to prepare for a volatile future.

A great rollover company is Regal Assets.  Click here to secure an IRA, hands-free, with an easy rollover process.

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Why look for Gold in a Pawn Store?

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Lower Prices

Who doesn’t want to own a treasure at an affordable price?  Pawnshops give you exactly that.  For excellent quality and unique pieces, the prices are quite rife since their markups are different.  A pawnshop has you paying a percentage of what it would have cost you in the real market.  This is an outstanding deal for pawn store gold.

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Unique Jewelry

Gold jewelry available at a pawnshop has a wide range from watches to bracelets and rings and necklaces.  This gives you an array of pieces to choose from.  You may also be lucky to land a unique vintage piece if that’s what you are looking for.  Whether it is the latest trend or old-school jewelry, try your luck at a pawnshop.

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You Get Coins

If you are a lover of coins, then pawn store gold will quench your thirst.  What makes them such an accessory is not just their size but value.  They usually have all coin varieties, from the rarest coins to the most popular coin.  Going by the value of the gold coins, they are quite prone to be stolen.  This makes many buyers fear that stolen coins may end up in the pawnshop.  However, pawnshops are meant to follow strict guidelines and rules to ensure that their valuables come from the right sources.

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Bottom Line

Pawnshops are lifesavers, especially when it comes to buying and selling gold.  The metal is expensive, and this is one of the places where you can access the value at an affordable price.  As a buyer, you should do your own due diligence making sure you make your purchase from legit pawnshops.

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Are you looking to get your hands on some digital currency without spending any of your own dollars?  

Keep your money!   Pi is free.  You can mine for free with one click a day using an energy-light mobile app.

The first cryptocurrency that can be mined on a phone.

Learn the history of Pi here:

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Bottom line

It’s time to get yourself a piece of the Pi.

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Gold price drops because of several factors.

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Monetary policy

A big influence on gold prices is monetary policy, which is controlled by the Federal Reserve. Monetary policy affects the money supply growth which in turn determines the inflation rate.

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Inflation

Inflation or the rising price of goods and services is almost always a sign of economic growth and expansion. When the economy is growing and expanding, it’s common for the Federal Reserve to expand the money supply.  Expanding the money supply dilutes the value of monetary notes in circulation, making it more expensive to buy assets that are perceived as ‘store of value,’ such as gold.

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A store of value is an asset that maintains its value, rather than depreciates. Gold and other precious metals are good stores of value because their shelf lives are essentially perpetual.

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This push-pull between interest rates and inflation can play a constant tug-of-war on gold prices.

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Economic data

Economic data can influence the Federal Reserve’s monetary policy decisions, which can in turn affect gold prices.

A stronger U.S. economy has a tendency to push gold prices lower.  Strong economic growth implies that the Federal Reserve could make a move to tighten monetary policy, thus impacting the opportunity cost dynamic (opportunity cost is the value of what you lose when choosing between two or more options).  On the other hand, a weaker U.S economy decreases interest rates and increases gold prices.

Gold and interest rates traditionally have a negative correlation in relationship between each other.  It is not guaranteed but usually, the gold price goes up when interest rates go down, and down when rates go up.  This is because rising interest rates make stocks, government bonds, and other investments more attractive to investors.

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Supply and demand

Gold is a produced commodity and is subject to those same economic forces.

As with any good or service, increased demand with low supply has a tendency to pull the prices of that good or service higher.  Conversely, an oversupply of a good or service with weak demand can push prices lower.

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Market Trends

Since the price of gold is dollar-denominated, the movement of currencies is another strong influencer.

A falling U.S. dollar has a tendency to push gold prices higher because other currencies and commodities around the world increase in value when the dollar falls.  On the contrary, a strengthening U.S. dollar often comes about because of a growing U.S. economy.  It also pushes down gold prices since gold and the U.S. dollar have an inverse relationship.

The Federal Reserve commentary also moves the gold markets. The Federal Open Market Committee, which holds meetings about once every six weeks, discusses the state of the U.S. economy and the future of monetary policy.  When the Federal Reserve announces its results, big businesses make hedging decisions and the public is right there waiting and anticipating the move and responds accordingly.

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ETFs

Exchange-traded funds, or ETFs, are more than likely the smallest influencer of gold prices.  ETFs aren’t designed to be market movers.  As investment demand for gold changes, the price can be affected by the purchasing and selling activity of ETFs.

Buy Low; Sell High

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Uncertainty

The broad factor of uncertainty that can influence gold prices are subjects such as political uncertainty and/or instability.

Specific examples include a new Presidential election, Terrorist threats, or Civil unrest and it can differ from one event to the next.

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Bottom line

The price of gold is subject to several factors.  In the long run, gold is a great defense mechanism to hedge your investment.  It is always a wise choice to have gold in your portfolio or safe if storing it yourself.

If you enjoyed this post, go here now to enter your e-mail and get your free Gold Buying Facts .pdf.

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Giving gold as a gift demonstrates love or affection, admiration, or appreciation.

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The gift of gold is meaningful, memorable, and wise!

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Gold is a perfect gift to give at birthdays, weddings, and anniversaries.

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Reasons to give gold include:

Generosity:  Gold bullion is a serious investment. Its precious metal quality and its demand for supply give it its significant value. As a gift, it has an undeniable “wow” factor.

Timeless: Help your loved ones grow a pool of wealth and help them survive in the event of a financial crisis. Gold and silver are time-tested precious metals that could serve as an investment for the people you love most.

Unique: Expressed in the element of surprise, one can safely predict that nobody else will have thought to say Happy Birthday with a shiny gold coin.

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These are excellent reasons why gold makes the perfect gift.

Resale:  The recipient can sell it for cash at any time. Gold retains its financial value.

Certainty:  Gold is a wise choice. Especially when questioning what to give to one who has everything or who is seemingly impossible to please, the answer is the gift of gold.

Impression: The gift of gold is a statement of success, gratitude, and solidarity. Imagine giving a gold coin to each of your workers as a bonus. I am sure each will be impressed and will always remember you for your generosity with such a clever gift!

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Gold is a wise choice. Precious metals in general, and gold in particular, have held their true value and are easy to resell for years.  

Bottom line

You cannot go wrong with giving gold.

Discover the different options available to you. You will have confidence knowing you are gifting the very best gold.  Go here now to start shopping.

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For more gift ideas, check out Mother’s Day Great Gifts

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What exactly is sister gold?  Sister gold is my twin sister!

I love her more than gold.

Perhaps you have a family member that you would love to gift gold to.  Give the gift of gold with gold jewelry.

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Gold has always had its occasions in which to make a statement of beauty and love.  Other gift ideas can be found at Mother’s Day Great Gifts.  Check them out.

When comparing gold vs bitcoin, consider if you are uncomfortable buying, holding, or selling bitcoin directly, you can purchase it through an ETF (Exchange-traded fund) just like you can gold.

Using your current stock trading platform to buy bitcoin, you are buying the performance of futures contracts rather than the asset itself. This does not matter to a lot of people because they focus instead on how easy it is to buy bitcoin in a self-directed IRA.

A common mistake is thinking that since bitcoin is easy to buy as an exchange-traded fund within your trading platform, it is easy to mistake it as a hedge in your portfolio.

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Gold vs Bitcoin:

Bitcoin is not backed by real assets or tangible securities.

Gold, however, has been a safe haven for wealth for over 500 years and is nature’s hard asset. It is considered by business owners as one of the best investments, maintaining its value even during economic downturns and inflation. The price of gold tracks typically in opposition to economic swings and the stock market.

Bitcoin is very volatile and if purchasing on an investment platform, you may be required to change your trading status to ‘aggressive’ before making any purchases of cryptocurrencies.

Gold is a haven in periods of inflation and economic uncertainty since it retains its value better than the currency-supported assets, which drop in value and climb in price.

A clear view of the difference between gold and bitcoin is compared in this statement:

“Buying gold is investing, Buying bitcoin is gambling”

Whether you prefer the safety of Gold Investing or the aspirational excitement of Bitcoin Gambling, there is an option for you!

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Bottom line

A Bitcoin Exchange-traded fund mimics the price of the most popular digital currency in the world. This allows investors to buy into the ETF without going through the complicated process of trading bitcoin itself.  Discover the options in your own Investment in Cryptocurrencies, Tax-Free, with “The World’s Most Secure Digital Currency IRA“

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Get your free .pdf copy of this Gold Buying Facts Glossary

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z  

ACID TEST: A means of determining the fineness of gold through the use of nitric acid and aqua regia.
ACTUAL GOLD CONTENT: The amount of gold that exists in an object when all the alloys have been subtracted.
AG: The chemical symbol for silver.
ALLOY: A mixture of two or more metals. Metals such as silver, nickel, copper, and zinc are frequently mixed with gold to improve their hardness and/or change their color.
AMERICAN EAGLES: Products of the U.S. Mint, and since their debut in 1986 have become this country’s most popular gold bullion coin. Struck in a traditional coinage alloy of 91.7% pure gold (22 karats), each size contains a full measure of pure gold, plus additional silver and copper as an alloy.
ARBITRAGE: Simultaneously buying and selling a commodity in different markets to take advantage of price differentials.
ASK: the price at which a dealer offers to sell.
ASSAY: An analysis of metal used to determine its purity. A series of assays can be run to determine the alloys in the metal as well.
AU: The chemical symbol for gold is derived from “aurum”, the Latin word for gold.
AUSTRALIAN DRAGON: Each coin comes individually encapsulated in a square plastic case. Australia’s Lunar Calendar series began in 1997 as a ‘premium’ priced .9999 bullion coin.
AUSTRALIAN KANGAROO: Australia’s gold Nuggets (now Kangaroos) was introduced in 1986 as a .9999 fine bullion coin. Each year the design is changed, since 1989 with various portraits of kangaroos. Coins come individually encapsulated in a square
plastic case.
AUSTRIAN PHILHARMONIC: Austria’s .9999 gold Philharmonics came out in 1990, and quickly became Europe’s most popular gold bullion coin. They picture the Weimar Philharmonic building on the obverse, with musical instruments on the reverse.
AVOIRDUPOIS: The system of weights and measures commonly used in the U.S. and Great Britain in which 16 oz. = 1 pound. It is used for most solid objects except precious metals and gems. One avoirdupois ounce equals 28.35 grams or 437.50 grains.

B

BACKWARDATION: A situation in which prices for future deliveries are lower than the spot price
BASE METAL: Also known as pot metal is a mixture of non-precious metals. It is frequently used as a base for gold-filled, gold plated or rolled gold plate coverings.
BEAR MARKET: Describes investment markets such as stock markets or metals markets in which prices are, or are soon expected to be, in decline. The opposite of a bear market is a bull market.
BID: the price at which a dealer is willing to buy.
BLANK PLANCHET: A plain metal disc made for coinage that has not yet been struck with an obverse, reverse or edge design.
BRITISH SOVEREIGN: British gold Sovereigns were struck worldwide at the height of the British Empire. Each is 91.7% pure (22k) and contains .2354 troy ounces of pure gold.  The condition of these pre-1928 coins we offer is Extra Fine to Almost Mint.
BU: Brilliant uncirculated, used to describe a coin in new condition.
BULL MARKET: Describes investment markets such as stock markets or metals markets in which prices are, or are soon expected to be, on the rise. The opposite of a bull market is a bear market.
BULLION COIN: Precious metal in the form of a coin that trades at a price close to spot. In other words, it has little or no numismatic value.
BULLION: Gold which is 995 fine or better. The term has also come to be used to describe 1. gold coins which closely follow spot gold and have little or no numismatic value (such as restrikes) and 2. the form in which metal is shaped such as bars, ingots or wafers. The most commonly traded gold bullion pieces among individual investors in the United States weigh 10 oz. or less.
BUSINESS STRIKE: The strike used by the mint to manufacture coins for everyday use. This differs from a proof strike.
BUST: The head, neck, shoulders, and upper chest of an image are generally found on the obverse (front) of a coin.

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C

CANADIAN MAPLE LEAFS: Modern bullion coins by the Royal Canadian Mint. Canada’s gold Maple Leafs are from the Royal Canadian Mint and were the first .999 pure gold bullion coin (as opposed to a bar or ingot ) when released in 1979. Today, they are struck to an even finer purity of .9999 (“four nines,” or 99.99% pure gold).
CARAT: (with a “c”) A measurement of weight that is generally used in reference to gems. It is equal to about 3.086 grains Troy or 0.2 grams. It is not to be confused with KARAT (with a “k”) which is a measurement of the fineness of gold.
CASH MARKET: A market in which delivery and payment have to be made within two working days of the transaction date.
CHINESE PANDA: China’s Panda gold coins began in 1982 as the first ‘premium’ priced .999 bullion coin, featuring a different panda portrait each year. They became hugely popular as collectibles by the late 1980s. Each coin is individually sealed in a vinyl pouch at the China Mint.
CENTENARIO: See Mexican Peso
CENTRAL DEVICE: The main design is found on either side of a coin.
COIN OF THE REALM: A legal tender coin issued by a government, meant for general circulation.
COIN: A stamped piece of metal of a known weight and fineness issued for commerce.
COMEX: One of the world’s major commodities futures exchanges where gold and silver are traded. The Comex is in New York City and is a division of the New York Mercantile Exchange.
COMMEMORATIVES: Legal tender coins or medallions usually minted of gold or silver to commemorate themes, events, places, or people.
CORONET: A small crown or tiara worn by Liberty in some of the early U.S. coins.
CU: The metallurgical symbol for copper.

CUSTODIAN: A self-directed IRA custodian is a financial institution that holds your IRA’s alternative investments for safekeeping. It is regulated, audited, and adheres to IRS rules and guidelines.

D

DEVICE: A design found on a coin. Frequently it is the bust or profile of a person who symbolizes a particular country at a particular time in history or a country’s coat of arms or insignia.
DIE: An engraved metal object used to strike or stamp the design on a coin.
DOUBLE EAGLES: the U.S. $20 gold coins were used as legal tender 1850 –1933. Double Eagles contain .9675 oz. of pure gold. Early $20 coins had the portrait of Miss Liberty’s profile on the obverse. From 1908-1933 they had Augustus St. Gaudens’ standing Liberty design. This design was appropriated, with modifications, for the various sizes of the modern gold Eagle bullion coins.
DRAGON: Australia’s Dragons. The current (year 2012) version is the “Year of the Dragon.” Each coin comes individually encapsulated in a square plastic case. Australia’s Lunar Calendar series began in 1997 as a ‘premium’ priced .9999 bullion coin.

E

EAGLE: U. S. $10 face value gold coins used as legal tender 1795-1933. They contain .4837 ounces of pure gold ALSO: the generic term for the modern bullion coins issued by the U. S. Mint since 1986.
EDGE: The side of a coin that may be reeded, lettered, or plain.

F

FACE VALUE: The legal monetary value stamped on a coin. See symbolic face value.
FIAT MONEY: Paper money is made legal tender by law, although not backed by gold or silver.
FIELD: The open area or background on a coin.
FINE GOLD: Pure, 24 karats, 999 fine gold.
FINE WEIGHT: The metallic weight of a coin, ingot, or bar, as opposed to the item’s gross weight which includes the weight of the alloying metal. For example, a 1-oz Gold Eagle has a fine weight of one troy ounce but a gross weight of 1.0909 troy ounces.
FINENESS: The purity of a precious metal measured in 1,000 parts of an alloy: a gold bar of .995 fineness contains 995 parts gold and 5 parts of another metal. For example, the American Gold Eagle is .9167 fine, which means it is 91.67% gold. A Canadian Maple Leaf has a fineness of .999, meaning that it is 99.9% pure.
FOOL’S GOLD: Iron pyrite is often mistaken by novices for gold. Although its color resembles gold, its properties are very different from gold. It is hard and brittle while gold is soft and malleable.
FORWARD TRANSACTION: Purchase or sale for delivery and payment at an agreed date in the future; similar to a futures contract, except that forward transactions are not subject to the standardized procedures and regulations of a commodities futures exchange.
FRENCH FRANC: French 20-franc gold “Roosters” were struck from 1899 to 1916, and each is 91.7% pure (22 karat) pure and contains .1867 troy ounces of pure gold. These coins we offer are almost Mint to fully Mint Condition.
FUTURES CONTRACT: An agreement made on an organized exchange to take or make delivery of a specific commodity or financial instrument at a set date in the future.

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G

GOLD COLOR: Variations in the alloys used with gold create different colors of gold such as yellow, green, red, and white. The most common alloys used with gold are silver, copper, zinc, and nickel. Silver and zinc tend to give gold a greenish hue, copper a reddish cast, and nickel a white color.
GOLD EAGLES: Modern gold bullion coins. American gold Eagles are products of the U.S. Mint, and since their debut in 1986 have become this country’s most popular gold bullion coin. Struck in a traditional coinage alloy of 91.7% pure gold (22 karats), each size contains a full measure of pure gold, plus additional silver and copper as an alloy.
GOLD ELECTROPLATE: Process by which 24 karat gold is deposited on another metal electrolytically. The plating must be at least seven-millionths of an inch thick.
GOLD FLASHED: A gold coating that is less than seven millionths of an inch thick. It is sometimes called gold washed.
GOLD NUGGET: Placer gold which has been washed out of the rocks generally into river beds where it has been beaten by the water and rocks into a “nugget” shape.
GOLD PLATE: A common term for electro-gold plating.
GOLD STANDARD: A monetary system based on convertibility into gold; paper money backed and interchangeable with gold.
GOLD: A precious yellow metallic element that is resistant to oxidation and is highly ductile and malleable. In the United States, a metal must be 10 Karat gold or more to be called gold.
GOLD-FILLED (GF): A process by which a layer of at least 10 kt. gold has been mechanically bonded to another metal (usually a base metal). This layer usually constitutes AT LEAST 1/20th of the total weight of the metal in the piece. Items are marked G.F. preceded by the karat fineness of the veneer. For example, if a bracelet is marked 1/20 10 kt. G.F. and weighs one Troy ounce it is possible to determine the pure gold content by performing the following calculation. Pure gold content = 1/20
GOOD DELIVERY: The specification that a bar of precious metal must meet in order to be acceptable for delivery at a particular exchange.
GRAIN: The earliest known unit of weight and was originally one grain of wheat or barley. It is equal to 0.0648 grams Troy and 24 grains are equivalent to one pennyweight. There are 480 grains in a Troy ounce, and 437.5 grains in an Avoirdupois ounce.
GRAM: The basic unit of weight of the metric system A metric unit of mass and weight. A gram equals approximately 1/32 Troy oz. and is used in Troy weight as a measure of gold. (31.1035 grams = one troy ounce.)

H

HALF EAGLE: U. S. $5 face value gold coins used as legal tender, and issued from 1795-1929. They contain .24187 ounces of pure gold and were almost identical in size to the nickel 5c coin.
HALLMARK: Mark or stamp on a bullion item that identifies the producer.
HEDGE: An offsetting transaction (e.g. the purchase or sale of a future contract or option) designed to lessen the impact of adverse movements in the value of assets.

I

INTRINSIC VALUE: The value of a coin’s metal content.
INVERTED MARKET: A situation in which prices for future deliveries are lower than the spot price. Also known as backwardation.

K

KARAT: (with a “k”) A measure of gold fineness or purity. Pure gold is considered to be 24 karats. For this reason, the actual gold content of any object is the percentage relationship of its purity to 24. For example, 18 karat gold is 18kt/24kt or 75% pure gold or 750 fine.
KARAT GOLD: Gold (10 karats or better) used in the manufacture of jewelry. According to U.S. law, the metal must be at least 10 karats or it cannot be called gold.
KILO BAR: A bar weighing one kilogram (32.1507 troy ounces).
KILOGRAM: 1,000 grams (32.1507 troy ounces).
KOALA: Australian platinum coin, minted since 1987, .995 fine.
KRUGERRAND: South African gold coin Gold Krugerrands from South Africa were introduced in 1967 and dominated the gold bullion market in the U.S. from 1974 through the early 1980s. They are struck in 22 karat gold (91.7% pure), each coin containing a full measure of pure gold, plus additional copper as an alloy.

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L

LEGAL TENDER: Currency in specified denominations which a creditor is compelled by law to accept as payment of a debt.
LEGEND: The inscription on a coin.
LIQUIDITY: The quality of being readily convertible into cash.
LONDON FIX: Two daily bidding sessions in London of five major gold firms, at which the price of gold is “fixed” or set.
LUSTER: A frosty appearance on the surface of a coin, usually an un-circulated coin.

M

MAPLE LEAFS: Modern gold, silver, and platinum coins minted by the Royal Canadian Mint. Canada’s gold Maple Leafs are from the Royal Canadian Mint and were the first .999 pure gold bullion coin (as opposed to a bar or ingot ) when released in 1979. Today, they are struck to an even finer purity of .9999 (“four nines,” or 99.99% pure gold).
MARKET VALUE: The price at which a coin or bullion item trades.
MEDALLION: A round piece of metal resembling a coin but not a “coin of the realm.” A medallion may be issued by a government or private mint. The Engelhard 1-oz silver prospector is a privately minted medallion.
METRIC TON: 1,000 kilograms or 32,151 troy ounces.
MEXICAN 50 PESO: Gold coin was first issued in 1921 to celebrate the 100th anniversary of Mexico’s independence. The Mexican 50 Pesos in the bullion coin market normally are restrikes, minted from 1943 onward. Weight: 1.2057 troy ounces, .900 fine.
MINT: The place where a coin or bar was manufactured.
MINT MARK: A letter or symbol stamped on a coin to identify the minting facility where it was struck.
MINT STATE: Describes a coin in uncirculated condition.
MODERN ISSUES: Current coins, whether struck for circulation or for sale to investors or collectors.
MS-60: The lowest grade of Mint State coins. Higher-grade coins are labeled MS-61 up to MS-70. Coins showing wear are graded below MS-60 and fall into grades from AU down to G, with G being a coin showing great wear and AU being a coin showing little wear.

N

NOBLE: Modern platinum bullion coin issued by the Isle of Man since 1983.
NOMINAL FACE VALUE: Nominal value given to legal tender coins sold for their metal content. Example: the 1-oz Gold Eagle carries a $50 face value but sells for the value of its gold content plus a premium of 5% to 8%.
NUGGET: Modern gold bullion coin minted by Australia, .9999 fine.
NUMISMATIC COINS: Coins whose prices depend more on their rarity, condition, dates, and mint marks than on their gold or silver content.
NUMISMATICS: The study of coins, currency, and medallic art.
NUMISMATIST: Coin collector.
NYMEX: The New York Mercantile Exchange, a futures exchange where platinum and palladium are traded.

O

OBVERSE: The front of a coin. The device on the obverse usually consists of the image of one or more people.
OUNCE: A unit of weight. In the precious metals industry, an ounce means a troy ounce equal to 31.1035 grams.

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P

PANDA: China’s Panda gold coins began in 1982 as the first ‘premium’ priced .999 bullion coin, featuring a different panda portrait each year. They became hugely popular as collectibles by the late 1980’s. Each coin is individually sealed in a vinyl pouch at the China Mint.
PENNYWEIGHT: Equals 24 grains or 1/20 of a Troy ounce.
PLANCHET: A blank piece of metal used for stamping a coin or medallion.
PHILHARMONIC: Austria’s .9999 gold Philharmonics came out in 1990, and quickly became Europe’s most popular gold bullion coin. They picture the Weimar Philharmonic building on the obverse, with musical instruments on the reverse.
PLATINUM EAGLES: Modern platinum bullion coins minted by the U.S. Treasury.
PREMIUM: The additional cost of gold coin or bullion over and above the spot gold price. The premium includes the costs of fabrication, distribution, and a minimal dealer fee. The average premium of a bullion piece at this time is 5% to 15% above spot gold. Rare coins carry an additional premium called numismatic value which is based on scarcity, quality, demand, and intangible factors.
PROOF: Refers to the manner in which a coin was minted NOT to its condition. Highly polished dies and special plainchants are used to produce coins with a mirror-like finish. A proof strike is very different from a business strike and proof coins are generally made for collectors, not for normal use.

Q

QUARTER EAGLE: U. S. $ 2 ½ face value gold coins, issued as legal tender 1795- 1929. These dime-size coins contain .121 ounces of pure gold.

R

RESTRIKE: Officially issued reproduction of a former circulating coin.
RESTRIKES: Are “new” coins made from “old” dies which is why they are referred to as “new mintings”. Restrikes generally have the same specifications as the original coins of which they are copies – this includes the same dates, composition, and dimensions. Restrike coins are officially produced by a government mint and they are usually not legal tender. Government mints pick one date as the “restrike date” for a particular coin. For instance, the restrike date for the Austrian 100 Corona is 1915. Restrikes are considered bullion coins because such a large number were made that they have no numismatic value. In fact, the original coins made from the dies used for restrikes have no numismatic value because there is no way to tell them from the copies.
REVERSE: The back of a coin. The device on the reverse of a coin usually consists of a country’s coat of arms or an insignia.
ROLLED GOLD PLATE (RGP): Jewelry which consists of LESS than 1/20 of 10 karats to 14 karat gold by weight. For example, an RGP bracelet weighing 1 Troy oz. might be rolled gold plated.

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S

SHORT SALE: The sale of an asset for future delivery without possession of the asset sold.
SILVER EAGLES: Modern 1-oz silver bullion coins.
SLABBED COINS: Coins encapsulated in plastic for protection against wear. Generally, “slabbed” coins are graded by one of the two major grading services.
SOLID GOLD: The Federal Trade Commission rules state that the term “solid gold” can be applied to items that are not hollow and contain at least 10 kt. or finer gold.
SOUTH AFRICAN KRUGERRAND: Gold Krugerrands from South Africa was introduced in 1967, and dominated the gold bullion market in the U.S. from 1974 through the early 1980s. They are struck in 22 karat gold (91.7% pure), each coin containing a full measure of pure gold, plus additional copper as an alloy.
SOVEREIGN: English gold coin with a face value of one pound sterling and gold content of .2354 ounces. British gold Sovereigns were struck worldwide at the height of the British Empire. Each is 91.7% pure (22k) and contains a .2354 troy ounce of pure gold. The condition of these pre-1928 coins we offer is Extra Fine to Almost Mint.
SPOT GOLD PRICE: The constantly fluctuating price of gold in unfabricated form. The closing spot price varies with markets located in numerous cities and countries throughout the world. It is recommended that one follow the spot gold close from one particular source in order to consistently gauge the fluctuations in the world markets. Commonly quoted gold markets include New York City, Chicago, Handy and Harmon, Engelhard, Republic National Bank, London, Zurich, Paris, Frankfurt, and Hong Kong. Note that when buying gold in the United States, the price will generally be based on the prices in New York or Chicago.
SPOT MARKET: A market in which delivery and payment have to be made within two working days of the transaction date.
SPOT: The price for the physical delivery of bullion bars, usually 100-oz bars of gold or platinum and 1,000-oz bars of silver.
SPREAD: The difference between the buying price and the selling price of an object at the same time on the same day by the same person. If gold is purchased at $400.00 per ounce and sold at $390.00, the spread is $10.00.
SYMBOLIC FACE VALUE: Nominal value given to legal tender coins sold for their metal content. Example: the 1-oz Gold Eagle carries a $50 face value but sells for the value of its gold content plus a premium of 5% to 8%.

T

TROY OUNCE: A measure of weight. A Troy ounce is different from the ounce most Americans are accustomed to (the Avoirdupois ounce). There are 12 Troy ounces in a Troy pound, and one Troy ounce is equivalent to 1.333 Avoirdupois ounces. So, if you buy one pound or twelve Troy ounces of gold, don’t expect it to weigh in at one pound on your bathroom scale, because it won’t. One troy ounce equals 31.1035 grams or 480 grains. One troy ounce equals 1.09711 avoirdupois ounce.

U

UNCIRCULATED: A coin in new condition, sometimes said to be “Brilliant Uncirculated or BU The term is often used interchangeably with Mint State

V

VERMEIL: Gold plating on another metal – usually silver.

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