Investing In Gold

Image from Wikipedia & Kriplozoik

Gold Image from Wikipedia & Kriplozoik

Why are more and more people choosing to invest in gold?

I talked with Don Roberts about his recent “Why Invest In Gold?” article. He offers some eye-opening reasons why buying gold makes a lot of sense.

Let’s jump right in…

A US Dollar Is Not Money

What? That can’t be right. It’s true.

The US Dollar has been classified as being “currency” (not “money”) ever since President Richard Nixon officially disconnected it from being “backed by gold” in the early 1970s due to pressures from foreign nations.

All Currencies Fail

Every currency since the beginning of time have failed. Every one. Experts believe that the US Dollar will follow suit. Naturally, that means that any US Dollars you have saved up could literally become worthless.

You may not know that over the past 40+ years, the US Dollar has lost about 95% of its buying power. Some fincial experts (like Mike Maloney) indicate that it won’t take another 40 years to lose the remaining 5%.

Those In The Know Are Buying Up Gold

Who is investing in gold? And, why are they buying it?

They are the Central Banks of the world and Billionaires. They know something that most people don’t.

Neither one of these groups has any intention of losing their wealth. They know that that the runaway, continuous printing of US Dollars is a recipe for disaster for their financial portfolios. They have the best financial advice on the planet that money can buy, and they are buying gold. Lot’s of it.

They know that gold is money because it is a store of value. And, that value grows over time, especially the buying power of US Dollars diminishes over time. Speaking of gold’s store of value, “Over the last 5,000 years, gold has never been worth zero.”, says Mike Maloney.

The good news is that you don’t have to be a billionaire or a Central Bank to be able to acquire gold for yourself. You can buy it in small quantities until you can afford to buy in larger quantities.

Where To Buy Gold…

For more information on investing in gold, visit Don’s Where To Buy Gold Online website.

Checking The Real Quality Of Precious Metals And Jewels

Jewel classic 1As someone who makes jewelry, my designs often incorporate the use of precious metals. These metals can include brass, sterling silver, gold-plated silver, copper and more. A big part of making a jewelry pieces is buying the jewelry and other materials to make it. I often wonder how they know what the qualities of the precious metals are. To be perfectly honest I don’t notice a major difference between 14 karat and 16 karat gold. Especially since one is more expensive that the other I was interested to know how the “experts” know. Here is one of the ways jewelers determine the quality of precious metals.

One of the oldest and most reliable ways to test the quality of precious metals is through the use of a touchstone and acids. A touchstone is a hard ceramic slab used for what is called “streaking”. What a jeweler does is take a piece of metal that is of a known quality and rubs it along a touchstone, this leaves a streak of metal behind. They then take a metal of unknown quality and streak it alongside the known metal. A drop of acid is then put on both the streaks of metal, which then causes a color change. If the colors of the two precious metals match, it is then very likely that they are both of the same quality. If the colors of the two metals do not match, the touchstone must be cleaned and further tests of the metal performed using other metals of known quality, until a matching metal is found. If they are unable to find a matching metal, the unknown metal is probably a base metal or too low of a quality to be used for jewelry

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There are very precise formulas for specific acid solutions dependent on the metal you are testing for. The acid solutions and proportions may vary slightly dependent on the jeweler who does the testing, but nitric acid is the most commonly used. The other ingredients usually include distilled water, hydrochloric acid or ammonium crystals.

Another highly accurate way to test the quality of precious metals is through experience. As a jeweler gains experience with handling metals, they will start to be able to judge by the color and the weight of the material in their hand what the type and quality most likely is.

Tips To Consider When Investing In Precious Metal And Jewels

When most people think of “investing” they think of things like stocks and bonds and Certificate of Deposits (CDs) with high interest rates. Of course, with the economy where it is, it might be more prudent for investors to start looking into investing in precious metals. If you haven’t invested in anything before, here are a few tips for investing in precious metals.

1. Gold is the most popular precious metal to invest in, though there are others (silver, and platinum) available, which makes gold the most volatile in terms of price. The more something is traded, the less predictable its future worth. Gold can be bought as bullion or gold bars, or as coins. If you plan on purchasing gold, or any precious metal, make sure you have a safe, or safety deposit box. Don’t talk about your investments in precious metals you never know who could over hear the conversation. Gold is untraceable if it gets stolen.Jewel classic 4

2. Platinum, while not as popular as gold is actually the more precious metal and is usually worth several times as much as gold. Platinum is used for electrical contacts, dentistry, coating for the nose cone of rockets, laboratory equipment as well as jewelry.

3. Silver is a precious metal but its value is far lower than that of either Gold or Platinum. It is popular for making jewelry as well as being used in photography and industrial uses.

4. Make sure that you shop around. There are metal deals both online and off and while the market has one price for the precious metals, individual dealers might have their own mark up rates.Jewel classic 3

5. Learn how to really look at bars and coins fashioned from your precious metals. Imperfections, the design and the overall condition of the bars and coins will affect the buying and selling price of your investment.

6. Because precious metals fluctuate so much in price, they should not be the only thing you invest in. Of your total investment portfolio, precious metals should only make up ten percent-maximum.

7. Precious metals, while they should only make up ten percent of your portfolio, are some of the safest things to invest in because they keep their value, even in the event of political or cultural problems. A bar of gold can’t declare bankruptcy thereby destroying the value of your investment.

8. Don’t think of buying precious metal jewelry as an investment. Fashion dictates the value of a piece as much as the gold content. Retailers mark up the jewelry 50% from wholesale prices. And wholesalers mark up 50% from the manufacturer. A gold bracelet costing $1000 retail may only have a value of $100 as gold. If you’re thinking of buying antique gold jewelry buy it for its value as an antique not as a precious metals investment.

Is There A True Value Estimate of Precious Metals?

Trading in precious metals is a speculative industry. An investor in precious Gold or Silver must be aware of all events and world conditions affecting the value of metals from hour to hour. Precious metals are available as powder or bars and in different grades of modification. Each form is affected differently in terms of market value.

Precious metals are traded like stock in the exchange. The traders operate on behalf of their clients for buying or selling precious metals. The dealer quotes the prices of precious metals which they want to buy or sell. The traders on the floor quote prices until they come to an agreement. The amount agreed upon becomes the current trading price of precious metals.Jewel classic 2

Online companies act as an electronic market place for trading in precious metals. Online buying and selling is convenient and easy. In order to purchase or sell, the client has to request a quote. The company will send an indicative order detailing the current market price of the product. When the client agrees to proceed, the company will lock the price amount. All trading companies have a minimum order limit. Companies offer discounts on bulk orders. The payment form includes wire transfer and electronic fund transfer. The handling, delivery and insurance charges vary with the weight of precious metals. Some online trading companies offer pool account trading.

Types of Beads Used in Jewelry

Are you looking to make beautiful handmade jewelry for yourself? If you are, then it is important for you to look for the perfect type of bead to suit your taste. There are many different types of beads available these days, but the two main categories are the glamorous beads and the simple beads.Jewel classic 5

If you love wearing elegant jewelry, you can choose glamorous type of beads for your jewelry making project and if you love simple accessories, then it is always a good idea to choose simple type of beads. But, before you start, it is important for you to decide what you are going to create with the beads. Are you looking to make a necklace, an anklet, a bracelet or all of them to create a beautiful handmade jewelry set?

Once you have considered what you want to make, it is time to look at the different types of beads that you can use in your jewelry making project.

Pearls beads – are quite popular because they resemble natural pearls. Natural pearls are quite expensive, but these factory made pearl beads are not. Although they don’t match the shine and luster of natural pearls, they are really beautiful and add a touch of elegance to any kind of jewelry.

Glass beads – are available in many different styles, sizes, designs and colors. They usually have colorful coatings and handmade designs on them. Most of the glass beads available today come from India and Czech Republic.

Crystal Beads – are quite popular because they give sparkle and glam finish to any piece of jewelry. Crystal beads are more expensive than regular beads because of their gorgeous diamond look and extremely high demand. If you are considering using crystal beads in your creations, make sure you purchase them from a reputable seller. This is because there are a number of people who claim to sell genuine crystal beads, but what they are actually selling is cheap imitations of these crystal beads.

Seed beads – are available in various sizes and the majority of these beads come from Japan and Taiwan.

Plastic Beads – these are very cheap and can be used in all types of jewelry making projects. These beads are mostly suitable for kid’s jewelry, but they can also be used to create jewelry pieces such as necklaces for adults.

Metal beads – are made from various metals such as silver, gold, Tibetan silver and other types of non-precious metals.