Nevada Goldmine Mystery Solved

Nevada Goldmine Mystery Solved

Las Vegas, Nevada, is famous for extracting gold from visitor's pockets, but the northern area of the state has given miners more gold than the California gold rush.

Over the past 50 years, the area near Carlin, Nevada, has yielded more than $200 billion worth of gold in today's prices. But no one was sure how the lustrous metal got there.

Bacteria Make Gold Nuggets

A team of researchers from the University of Nevada recently developed a model for how the gold deposits formed. Their research was published online in the journal Nature Geoscience. 

The advisers begin that changes in the movement of the Earth's band about 40 actor years ago, accompanying with a above accident involving magma, the aqueous bedrock central the Earth, led to the conception of the Carlin gold deposit.

By comparison, best gold on Earth is begin in old river basins breadth the gold was done into the breadth and again remained there as the mountains grew up about them, such as the case in California and South Africa, or as the aftereffect of hydrothermal action breadth hot springs balloon up the gold through fissures in Earth's crust.

"Carlin-type deposits are different to Nevada in that they represent a absolute storm of Nevada's ideal cartography – a tectonic activate and magmatic processes, consistent in acutely able carriage and degradation of gold," said John Muntean, of the University of Nevada at Reno in a columnist release.

Gold Nanoparticles Could Detect Disease

The nanometer sized nuggets of gold are absorbed to pyrite. The tiny grains of gold were too baby to be noticed by aboriginal prospectors, so mining of the Carlin gold didn't alpha until 1961. Now, clusters of “Carlin-type” deposits accept been begin throughout arctic Nevada.

"Understanding how these deposits formed is important because best of the deposits that circumscribed out at the apparent accept acceptable been found. Analysis is added targeting added deposits. Such chancy abysmal analysis requires big-ticket drilling,” said Muntean.

Though this analysis didn't anon point to fresh deposits, it tells geologist and miners what to attending for. “Knowing how assertive types of gold deposits anatomy allows one to be added predictive by evaluating whether ore-forming processes operated in the appropriate geologic settings. This could advance to identification of abeyant fresh areas of discovery,” said Muntean.

Source :http://www.geotechnology-sciences.blogspot.com/

the goooooooooooooold

Production of gold

GOLD

  The size of cube made of all gold ever produced in the world.

Gold mining in one form or another goes back into antiquity at least for more than 4000 years. During the earliest times one can imagine that the winning of gold was a haphazard activity, nuggets of the native metal being plucked from some auriferous stream, the oxidation zones of gold or sulphide deposits or from residuum near such deposits. Production was probably erratic and generally unorganized. By the time of the Pharaohs, however, organized gold mining in the Arabian and Egyptian shields appears to have been well established, and gold was seemingly relatively plentiful compared with silver for in the Code of Menes, the first pharaoh, who reigned in Egypt about 3500 B.C., it was decreed that "one part of gold is equal to two and one-half parts of silver in value". Since that time up to the fall of the Roman Empire gold appears to have been mined almost continuously mainly from placers but also from the oxidized zones of deposits in all organized societies throughout the world. There is evidence of ancient gold workings and placers ranging from Japan, through China, India, Russia, Turkey, the Mediterranean islands and lands, central Europe, Spain, France, Britain, Mexico, Central America and South America. The early Minoan goldsmiths had a source of gold for they produced some of the finest pieces of early gold work known to man. The Greeks mined gold extensively throughout their empire and appear to have prospected for it far and wide judging from the legend of Jason and the Golden Fleece. The Romans, likewise, sought gold throughout their empire obtaining it from placers and mines in Spain, France, Britain, Germany, Central Europe and the Middle East. The yearly production of gold in the Roman Empire at the beginning of our Era can only be roughly estimated; a reasonable figure seems to be about 250 000 oz. One of the great gold placer areas in the Middle East was the river Pactolus in Lydia (a tributary of the present Gediz in Anatolia in Turkey). Another was the Pontic field in Turkey, on the southern shore of the Black Sea, possibly the site of the Garden of Eden and probably one of the sites of the Golden Fleece sought by Jason.

Nearly all of the gold mined by the ancients was wrought into idols, shrines, bowls, vases, flasks, cups and jewellery. Later, about 1000 BC., gold and silver came into general usage for coins as a medium of exchange, certainly in all countries between the Indus and the Nile and probably on a much more widespread geographical basis. By Philip of Macedon's time (356 BC.) gold and silver were generally valued in the ratio of 10:1. This value ratio did not change much through the centuries that followed for we find that in England the ratio in 1464 was 11:1 according to the recorded mint price. Since then there has been considerable fluctuation in the value ratio as shown in Table I. There is an interesting comment in the Engineering and Mining Journal (vol. 95, p. 1163, 1913) with regard to the origin of the ratio of value between gold and silver that merits quotation:

"I have endeavoured to discover as to how and when the ratio of value between gold and silver commenced, and as to what was its origin", said Bedford McNeill, in his presidential address before the Institution of Mining and Metallurgy." Sir David Barbour has called my attention to an interesting theory of Professor D'Arcy Thompson, that the origin of the ratio may have been astronomical, gold being associated with the sun, and silver with the moon; the period of the earth's revolution round the sun being 365 1/4 days, and that of the moon round the earth 27 1/3 days, it will be found that the ratio between these figures is very nearly 13 1/3, and this figure 13 1/3 was the ratio that was fixed between gold and silver during the Babylonian Empire (2000 B.C.) down to the Lydian Empire (500 BC.). Professor D'Arcy Thompson has also pointed out that the Lydians made coins of what was called 'electrum', and reckoned one electrum coin as being of the same value as 10 silver coins of the same weight. It was supposed that the Lydians were unable to separate the gold from the silver, but when we find by assay that the proportions in these old coins of gold to silver were approximately as 73 and 27, calculating gold as 13 1/3 times as valuable as silver, and we find that an electrum coin would be worth exactly 10 silver coins of the same weight, we cannot help but admit that the Lydian assayers must have been well versed in the science and practice of their art, and that such figure cannot be mere coincidences."

Since the earliest times gold has been hoarded by kings, states, popes and individuals, the prime example being Croesus of the Mermnadae, last King of Lydia (560-546 BC.). It is said that most of his fortune in gold came from the placers of the Pactolus, but it seems more likely that his wealth had a more widespread origin since the Lydians were renowned for their trading pursuits. How much gold was hoarded in ancient times is unknown, but the practice seems to have increased at the beginning of our era, so much so that during most of the Dark and Middle Ages both of the precious metals were scarce. Some of the scarcity was undoubtedly due to the exhaustion of most of the placers in Europe and the Middle East and also to a general decline in mining, the economic limits, in terms of depth, of profitable ore having been reached in many districts mainly because of engineering problems (ventilation and flooding by ground water). It is estimated that the total annual production of gold during the Dark and Middle Ages probably averaged only about 100 000 oz.

Geographical exploration brought an abrupt change in this situation, the manifestations of which affect us to this day. With the rediscovery of America by the Spaniards in 1492 came the discovery of great stores of both gold and silver first in the islands of the West Indies, then in Mexico and finally in Central and South America. At first, great quantities of gold were looted from the natives, but as this source declined active placering and mining by slave labour provided a large and continuous influx of gold and silver to Spain.

Despite an attempt by the Spanish government to keep the precious metals to itself, they soon filtered over the whole of Europe, increasing the supply of money and inflating prices. It is estimated that from 1492 to 1600 more than 10 million oz of gold came from the Spanish Americas, which was about 40 per cent of the world production at that time. Marked increases in gold production from South America, particularly from the placers of Colombia, were registered during the period 1600-1800; for example some 48 million oz were won during the 18th century, accounting for about 80 per cent of the world production. Two further increases in the world gold production followed during the periods 1820-1880 and 1890- 1920. The first marked the discoveries of the great placer and lode mining areas of Siberia, California, Australia and New Zealand; the second followed the discoveries of placers and bedrock deposits in Alaska, Yukon, Central Canada and on the Witwatersrand of South Africa. Since 1920 there has been only one period, 1933-1939, when the production of gold increased significantly. During and since World War II a general decline in the production of gold in nearly all countries except South Africa and the Soviet Union has taken place. In South Africa the average annual production for the last 5 years (1970-75) has been about 27.5 million oz; during the same time in the Soviet Union the annual production for the last 5 years has probably averaged 10 million oz, although this figure is only a rough estimate, the true value being a closed guarded secret. It is estimated that the total amount of gold won by man from the earth to 1975 is about 3 billion (3 X 10⁹) oz. Of this amount some 2 per cent was produced prior to 1492; 8 per cent during the period 1492-1800; 25 per cent during the interval 1801-1900; and 65 per cent from 1901-1975, all figures being rough estimates.

Approximately 88 per cent of the annual world production of gold is obtained from primary deposits and placers (fossil and modern) mined essentially for gold, The remaining 12 per cent comes as a by-product of base metal and silver mining. The average annual world production during the period 1971-1975 inclusive was about 49 million oz. The principal producing countries are shown in Table II.

source:http://geotechnology-sciences.blogspot.com/

the gold in sudan

the gold in sudan

Precious Metals Soar

Precious Metals Soar – Thank You Ben Bernanke

Precious Metals Soar

April 29, 201As predicted on Monday, the Federal Reserve policy meeting and subsequent press conference by Fed Chief Ben Bernanke had the potential to cause an explosive move up in the precious metal markets. (see Federal Reserve May Cause Stampede Into Gold and Silver This Week)

At the conclusion of the Bernanke press conference it became clear that the Fed would maintain its policies of cheap credit and debasement of the dollar.  Subsequent economic reports showed a slowing economy, rising food and energy prices and a slowdown in consumer spending.  This was all the markets needed to hear and precious metal prices exploded upwards on the week.

Silver reached an all time high of $49.75 on Monday before pulling back on Tuesday to $44.60 and then resuming its upward streak after the Bernanke press conference.  The closing London PM Fix Price for silver settled at $48.70 on Thursday.  The London markets were closed on Friday, but in New York spot trading silver ended the week at $48.00, up from last week's close at  $46.26.

Precious Metals Prices
	Thurs PM Fix	Since Last Recap
Gold	$1,535.50	+31.50 (+2.09%)
Silver	$48.70	+2.44(+5.27%)
Platinum	$1,835.00	+23.00 (+1.27%)
Palladium	$777.00	+12.00 (+1.57%)

(Precious Metals Soar)

As measured by the London PM Fix Price, gold closed Thursday at $1,535.50.  London markets were closed on Friday, but in New York trading, gold ended the day at $1,566.70, soaring $29.90.   From last week's London Fix Price close of $1,504.00, gold exploded upwards for a gain of $62.70.

As precious metal investors racked up huge gains on the week, many were probably thinking of sending a thank you note to Ben Bernanke.  The reality is different.  Most investors, no matter how bullish they may be on precious metals, are probably diversified and do not have a 100% portfolio allocation to gold and silver.

Investor gains on precious metals, while helping to preserve wealth, may have only partially offset the wealth destruction caused by zero interest rates and falling home prices.  The majority of Americans have the bulk of their wealth tied up in their personal residence and bank accounts and  have seen major declines in their home equity and close to a zero return on savings.  Fed policies are driving more and more investors into the precious metals markets and soaring prices are proof of that.

As noted the London markets were closed on Friday, April 29.  Precious metals prices soared on Friday in New York trading with gold ending at $1,566.70, silver at $48.00, platinum at $1878.00 and palladium at $777.00.

source: http://goldandsilverblog.com/precious-metals-soar-thank-you-ben-bernanke-0228/

How to Find Gold In USA

How to Find Gold In USA

California Gold Rush History (1848–1855) instigated on January 1848, when gold was discovered at Sutter’s Mill. James Marshall’s discovery of a nugget that was the size of a dime in the tailrace of Sutter’s Mill started this frenzy. A man named Sam Brannan was the one that announced that gold had been found in the American River and showed a bottle full of gold nuggets. James Marshall found a gold nugget that had the size of a dime in the tailrace of Sutter’s Mill.

Sam Brannan was an elder in the Mormon Church and he had a general store in Sutterville, which was a small town on the Sacramento River. Since Sam knew that gold seekers were going to start going into Sutterville, he placed a stock of shovels, picks and a lot of other mining equipment prospectors would need in his store because he knew that these people were going to have to pass by his store before going out to get the gold.

The next thing Sam Brannan did was go through the town and fill every one on the wonderful news and started a booming business from one day to the next; he obviously got rich due to this well thought up plan. 

John Sutter’s story was totally different though. He travelled to America in 1834 and left his wife and children behind in Germany. His original name was actually Johann August Sutter but he wanted a name that sounded a bit more American so he changed it to John Sutter. He turned into a trader on the Santa Fe Trail and had been told stories about the rich land that was in the west in California and had been told a man could own as much land as he desired.

When he found out about this he decided to leave his trading post and set out to California and became a rancher in 1838. It took him about a year before he actually got to California. In 1839, July 5 the govenor of California who was Mexican gave John Sutter permission to choose a tract of land located on the east of the San Francisco Bay to settle down in.

By 1841, Sutter became a Mexican citizen and was given 49,000 acres of land. He decided to settle in an area where the American and Sacramento Rivers joined. He decided to build his fort on a hill that over looked the rivers. His fort was eighteen feet high, the walls were three feet thick and he placed cannons on the corners. The fort he had built was similar to a little city and had a tannery, distillery, gristmill, blacksmith, carpentry and a blanket weaving shop.

The only thing that Sutter did not have was lumber. However there were a great amount of trees in the mountains to the east, so he decided to build a saw mill on the American River on a site that was called Coloma so that he could get lumber for the fort. James Marshall was a carpenter that worked for Sutter and Sutter asked Marshall to build and operate the mill and that if this were done they would divide the profits.

On the 24 of January, John Marshall made the discovery that ended up changing the history of America. Marshall had directed the water from the millpond into the tailrace so that it could get washed and cleaned from the dirt it had on it. The next morning when he was checking the tailrace to see if it was clean, he noticed there were a lot of little pieces of bright yellow metal shining. He picked up these shiny pieces of yellow metal and studied it a bit. Then he decided to test it to see if indeed it was by pounding on the metal with a hard rock; when he saw the metal flattened out with no trouble, he knew it was gold.

Source:http://www.e-goldprospecting.com/html/how_to_find_gold____.html

How To Sell Gold

How To Sell Gold

With the currently underperforming US dollar in world markets, gold has become a desirable commodity with which to protect your assets. If you perceive the economy has bottomed out and is on the rise, it may be time to unload your gold collection while prices are still high.

Here are the various ways to sell gold:

• Determine the Karats. Pure gold has 24 Karats, while anything other than that is already mixed with other metals. One Karat translates to 1/24 gold, around four per cent. Jewelry are usually inscribed with their Karat rating, usually 10K, 18K, 10K and 24K. Take note that while higher Karat gold pieces are more valuable, they are also less durable to wear. Gold alloys are mixed in with harder metals to allow them to withstand daily wear.
• Find out the current market value of gold. The price of gold increases if market risk is perceived to rise as well. Therefore, gold price rises during economically troubled times. Use live market quotes as found on online sites to find the price that gold trades in. This provides you a clue on how much your gold is worth per gram.
• Hire an appraiser. These experts have the skill, experience and tools to accurately measure the weight and quality of the gold you have. Some appraisers excise a small quantity of gold to subject them to an acid test, while others will leave your piece untouched by using an electric test. Make sure the appraiser you employ is certified.
• Canvass several buyers. Pawnshops may give money immediately, but they generally offer less and will often examine the value inadequately. Jewelers can evaluate jewelry pieces but may remove sample pieces from bars and coins to use in their acid test. Gold buyers are your best chance to get the highest price for your stock, and they use electronic analysis which doesn’t mar your piece.
  
  
• Sell gold jewelry. Avoid selling your jewelry pieces at scrap value, which ignores the craftsmanship embedded in the designs. Have your gold examined at several stores and then decide on one that offers the best price. You can also sell off your jewelry at pawnshops.
• Sell gold coins. Look for coin dealers in your vicinity using the yellow pages or online sources. Search for reputable tradesmen by checking out their backgrounds and comments made by past clients. You can also do your own research by investigating the background of your gold coins then check similar designs online and find out the price they’re trading in. Offer your coins along with any certificates of authenticity that go along with them. Even if your coins are damaged, you can still their gold content at scrap value.
• Sell online. EBay and other trading sites have gold investors and collectors who purchase or bid for gold at scrap value. They will also pay a premium for crafted pieces like jewelry and coins. Read the website details concerning transaction procedures and fees. Entertain several offers and then pick the one who’s willing to pay the most.
• 
  
  Be careful of scam artists who promise the highest valuation of your gold but end up offering much less. If you’re relatively new at selling gold, it’s better to deal with reputable dealers.
Source: http://www.howtodothings.com/finance-real-estate/how-to-sell-gold

How To Buy Gold

Where to buy gold, what to expect from gold dealers, and the different kinds of gold investments (bullion, gold bars and gold coins)

Are you asking yourself, “Why buy gold?” Or maybe you want to know how to buy gold for an investment. If you want to buy and sell gold, you probably already know that gold is money—actual money. Unlike stocks, bonds or even cash—which are really just representations of money—when you buy gold or silver it has intrinsic value that can’t be wiped out by a currency crisis or a collapse in the stock market.

For this reason, buying gold is very popular. Many investors want to learn how to buy and sell gold for an investment. They see gold (both gold bullion and gold stocks) as an attractive way to add stability and diversity to a portfolio. When you buy gold, it doesn’t pay dividends, and it might not offer any thrilling price spikes; however, it’s valuable, liquid and traded globally 24 hours a day.

“Financially, owning physical gold is like owning real estate outright, mortgage-free,” says Adrian Ash, Head of Research for BullionVault, a gold trading and storage firm based in London. “Because, unlike stocks or bonds, no one else's financial failure can wipe it out, and gold investing is all about defending your savings from others' mistakes.” This is why some people believe making an investment in gold is a safe bet.

By now you probably want to know how to buy gold. And these gold-buying tips will help you buy and sell gold. From buying gold in its various forms and identifying the price of gold to learning where to buy gold coins, bars and stocks, here’s how to buy gold for an investment.

How to Buy Gold Coins and Bars

The first thing a gold investor needs to decide when making an investment in gold is whether or not to own physical gold—gold you can see and touch—or to invest money in the gold market some other way. Buying gold and silver is more than just owning a bunch of gold jewelry or gold nuggets. If you want to own physical gold, you’ll need to learn how to buy gold coins and bars. Here is a beginner’s guide to buying gold coins and bars.

Surely, buying gold coins and gold bars to see the shine and sparkle of your investment is part of the thrill of owning actual gold. If you buy gold bars or gold coins, however, you’ll also need to plan for additional costs, such as secure storage in a home safe or bank vault, as well as insurance. A gold bar or gold coin shouldn’t go unprotected. If you want to buy and sell gold bars or gold coins you’ll need to think about more than just security. When it comes time to sell the gold bars or gold coins, you’ll have to find a reputable buyer and deal with physically moving the gold bars or coins—either shipping them somewhere or bringing them to a local dealer.

With physical gold, the two most popular investment options are gold bullion coins and small gold bullion bars. Both a gold coin and gold bar are pure (or nearly pure) gold bullion, just shaped into a certain form. Gold coins come in a wide variety of sizes and weights, which makes them both more affordable and easier to sell than gold bars. Part of learning how to buy gold bullion, is learning how to sell gold later. This will affect the type of investment you make in gold. For example, depending on the price of gold, you may have to find one wealthy buyer to buy gold bullion in the form of a 10-ounce gold bar, whereas you could sell gold to several casual buyers if its in the form of 10 1-ounce gold coins. So if you’re worried about reselling a gold bar, buy some gold coins instead.

Also, because government mints issue gold coins, they’re harder to counterfeit; therefore, when buying gold coins, you may be more assured of the actual value. Keep this in mind when you sell gold bullion coins as well.

If you buy gold coins, be aware of the difference between gold bullion coins and “numismatic” gold coins. Numismatic coins are collector’s items because they are rare, old or minted as part of a special edition. When learning how to invest in gold, experts advise against buying collectible gold coins unless you’re looking for a way to combine gold investment with a gold coin hobby. Numismatic coins are for gold coin collectors, not for gold investors. Therefore the best gold coins to buy if you’re looking to sell them later are gold bullion coins.

“There can be a substantial premium for numismatic coins and collectible coins issued by mints around the world well above the current spot price for gold,” warns David Schraeder of the World Gold Council. If you’re trying to buy and sell gold coins, know that numismatic coins will be harder to resell, since your field of potential buyers is limited to coin collectors. (The “spot price,” mentioned above, is the price for delivery of physical gold, which in the gold market is two days from the trade date.)

The most popular gold bullion coins are American Eagles and Buffaloes, Canadian Maple Leafs, South African Krugerrands, Austrian Philharmonics and Chinese Pandas. A gold buying tip is to keep the coins in their original packaging. When you buy gold coins and don’t remove them from the package, they get less banged up over time and retain more value.

Solid bars of gold bullion come in sizes anywhere from one ounce—more a wafer than an actual bar—to one kilogram. Manufacturers of gold bars include Johnson Matthey Group, PAMP, The Perth Mint, Rand Refinery, and others. It’s important to know where to buy gold bars because there have been cases of counterfeit gold bullion bars in which the center of the bar was tungsten or another metal, so make sure to deal with a reputable seller.

When you are buying gold bullion, you’ll see references to its purity, or fineness. This is the amount of actual gold in a coin, bar or piece of jewelry. Any piece of gold bullion less than 24 karats, or 999 parts per thousand, is mixed with another metal alloy. Eighteen-karat gold, for example, has 750 parts pure gold and 250 parts alloy per thousand. This will of course affect the price of gold as well as how much you can sell it for later.

When you buy gold bars, know that they are generally 999 or 995 parts per thousand of gold. And when you buy gold bullion coins, you can expect them to range from 917 parts per thousand for the South African Krugerrand and American Eagle to 999 parts per thousand for the Austrian Philharmonic and Canadian Maple Leaf. Higher purity might look brighter and more appealing right out of the package, but gold coins with other metal alloys tend to hold up better over time, since gold is a very soft metal.

You may see a “troy ounce” when buying gold bars or coins. Know that this is the standard weight in which gold is quoted in the international market, and is equal to 31.1035 grams. It was named for the old French city of Troyes, where there was an annual trading fair in medieval days. Buying gold coins and bars aren’t your only options for owning gold, though.

Other Options

If you want to know how to buy gold for an investment without actually buying gold bullion coins or bars, there are other options—you could buy gold stock, for example. You don’t need to see or touch your gold, to benefit from the stability of the gold market. In fact, if you’re looking for how to buy gold the safest way, these are some of your options. Oftentimes buying gold with the examples listed below means you can sell your gold far more easily—usually requiring only a phone call or access to your online investment account.

• Gold Accounts: If you want to own physical gold without the hassle of finding safe storage and insuring it, you can buy gold from a bank. Some banks now offer gold accounts, in which the gold is held for you in a secure vault somewhere (London or Zurich, for example). If you plan on buying gold bars or coins this way, know that gold accounts can be allocated (specific bars of gold belong only to you) or unallocated (you own the gold along with other investors).
• Mining Stock: You can also buy gold stock. How well a gold mining company does on the stock market tracks quite well with the price of gold. So if you buy gold stock shares in a mining company, it is another way to participate in the gold buying business without owning actual gold. More than 300 mining companies are listed and publicly traded on U.S. stock exchanges. 
• Gold ETFs: Since the mid-200s, a number of banking firms have offered exchange-traded funds to gold buyers. Gold ETFs are backed either by physical gold that the firm has in secure storage, or by gold futures. Shares in these regulated financial products increase as gold prices increase. Shares are generally affordable and traded as easily as any other product on a stock exchange, so you’ll be able to easily sell your gold later. 
• Futures and Options: Gold futures contracts are binding commitments to make or take delivery of a specified quantity and purity of gold, on a prescribed date, at an agreed gold price. When it comes to gold futures, you’ll need a stockbroker’s assistance to learn how to buy gold for an investment.

Whether you decide to go with gold coins or start buying gold from the stock market, you’ll find that patience is a virtue. And keep in mind how you plan to sell your gold when you purchase it. Ash says that over the last 10 years or so, “The only way to lose money has been to trade in and out, rather than simply taking a position and staying in. Few experts I know have timed the market well enough to beat the 16 percent average annual gain which gold has made since 2001.” Make your gold investment carefully and find the best gold price before you sell. 

How Much to Invest

When learning how to buy gold for an investment, you may also be curious how much money to spend. Even if you plan to sell gold later, you’ll need a good amount of money to buy it first. Michael McGowan, author of “Financial Foghorn’s Guide to Gold,” says that when you decide to invest in gold, buy enough so that it equals about five percent of your total investments (assuming you can afford the current price of gold to buy that amount). Its stable, steady performance is generally unaffected by what’s going on in other markets, which makes it a good way to diversify your portfolio.

While there aren’t exactly ways to buy cheap gold, you may find that the best way to buy gold is to regularly allot money towards it. Most investors do well over the long term with dollar-cost averaging, says Ash. That means setting aside a fixed amount of money and investing it in gold on a regular basis (monthly or quarterly, for example). This can “smooth out” your overall purchase price. Depending on how much you have to set aside, this strategy might not be possible with buying gold coins or other physical forms of gold because the gold price per ounce can run $1,400 or so. Buy gold stock or consider a gold account, where you can buy by the gram, or an exchange-traded fund.

If you’re interested in buying gold, and this is the best way for you to do that, be aware of other costs besides the price of gold. When you buy gold stock, stock broker fees, storage, insurance, dealer commissions and taxes will all vary from buying gold bullion, so research those ahead of time.

“Fixed-fee charges (such as a stock broker's) might make investing a lump sum more efficient than small but regular savings,” Ash says.

When to Buy

Should you work with a financial advisor to stay on top of the price of gold today? Sure, if you can find one who’s knowledgeable about the gold market and can advise you in buying gold stock. “Advisors, like most fund managers, are in the main only slowly coming round to the idea of gold investment,” Ash says. “It's been left to independent writers on the Web to study the historical patterns [of the gold market]. That means there's a lot of ill-informed sensationalism.”

To monitor your investment and stay on top of the price of gold, try reading market intelligence reports from the World Gold Council (http://www.gold.org/world_of_gold/market_intelligence/). You should also keep an eye on the “spot price” of gold per Troy ounce at Kitco or BullionVault’s Websites to know roughly what you’ll be able to afford.

Twice a day, the biggest gold bullion banks in London (the center of the world's wholesale gold market) meet to agree on a single price of gold to clear their outstanding orders. This is known as the London Fix. The fix is widely used as the benchmark for spot transactions throughout the market. The five members of the fix meet at 10:30 a.m. and 3 p.m. London time.

Where to Buy

Now that you know how to buy gold bars, coins and stocks you’re probably wondering, “Where can we buy some gold?” Buying gold bullion or gold stock is more complex than just going down to a local jewelry store to buy gold and silver. Like many people, you probably want to find the best discount place to buy gold coins, but there’s more to it than that.

The World Gold Council can help you determine where to buy gold. They offer a list (http://www.gold.org/investment/why_how_and_where/) of reliable gold dealers around the world—both online sellers and brick-and-mortar shops so that you can find the best place to buy gold in your area. The Better Business Bureau can also help you find where to buy gold coins or bars from dealers with a clean reputation. Individual dealers' outlooks on the future price of gold may vary, so don't expect every dealer's prices to be the same, and don't be afraid to shop around to get the best price possible.

You don’t have to buy gold at a local shop. You can also buy gold online. In fact, for a lot of people, the Web is viewed as one of the best places to buy gold. Online retailers like Amazon and auction sites like eBay are another option, but do your homework ahead of time, since you won’t have a dealer to help you buy gold bars online. Know the type of gold you want to buy, and check the seller’s reputation and credentials before you buy gold online.

Know the Tax Implications Before You Make an Investment in Gold

You’ll need to keep in mind how you’ll be taxed when you buy and sell gold. Unlike other investments, gold doesn’t fall under the usual capital gains tax rate. If you own physical gold such as gold bars, or an ETF that is backed by physical gold, the Internal Revenue Service considers it a collectible rather than an investment—because it’s possible that you may buy gold jewelry to collect it. If that’s not incentive to buy gold and silver, what is?

However, if you’re going to learn how to buy gold bullion, you’re probably going to learn how to sell it as well. So before you go out and start buying gold the best way you know how, consider what will happen if you sell it. If you own gold for less than a year before you sell it, the money you earn is considered ordinary income and taxed accordingly. If you sell the gold after owning it for more than a year, the gains are taxed at a maximum rate of 28 percent. Compare that to the rate of 15 percent for most stock market investments.

This guide should help you learn all you need to know about buying gold. As Richard Smith writes, gold “Is the insurance you buy when you are not sure exactly what it is that you are insuring against.” And just as you would do before insuring your home, car or life, research how to buy gold bars, coins and stocks thoroughly before you insure the rest of your investments.

Source : http://www.howtodothings.com/finance-and-money/a3707-how-to-buy-gold.html

video abute a gold

video abute agold

GOLD

GOLD

THE GOLD

the gold

THE GOLD