| 10/27/2023 9:30 AM Current Market Spot Prices: | Gold: $1,984.26/ozt | Silver: $22.89/ozt | Platinum: $926.20/ozt | Palladium: $1,168.05/ozt |
Saturday, July 30, 2011
Better Business Bureau
The Better Business Bureau (BBB) is a North American business organization founded in 1912 and consists of all local BBB member private business franchises throughout the United States and Canada. The BBB in the US and Canada are controlled by the Council of Better Business Bureaus (CBBB).
How the BBB works
Through its local chapters in the US and Canada, the BBB registers member businesses and allows them to use its logo, mediation services and information for certain charges. Private member businesses pay dues for using the BBB’s logos to promote the reliability and dependability of their businesses. In a nutshell, the BBB fosters trust and honesty between customers and private businesses.
Using the BBB to Find Reputable Companies
The BBB can be used to locate reputable and reliable companies. The BBB collects and stores vital data on businesses and avails this information to consumers for free. Businesses are therefore given BBB ratings depending on the information gathered from their market place operations. By so doing, the BBB creates awareness in the public against fraudulent and shady firms out to make quick profits from unsuspecting consumers.
As such, the BBB has lots of vital information on business marketplace activities such as honesty, ethics and integrity. A consumer can readily access this information and determine whether a company is reliable or not. Typically, companies with a high BBB rating have demonstrated trust, ethics and honesty in their marketplace activities.
The BBB has also been used to resolve issues between consumers and member companies. When consumers register complaints about certain companies, the BBB analyzes the information and acts accordingly. Action taken may include mentioning the issues raised with the company in question.
Criticisms
Recently, there have been sharp criticisms against theBBB, with accusations that the organization is selling good ratings. However, the criticisms have been dismissed as callous allegations.
To better understand the BBB, perhaps it is important to consider its structural organization. For starters, there are 112 regional BBBs that are run independent of their mother corporation. These independent BBBs have their own Boards of Directors but are subject to set out BBB requirements. To enforce and monitor these requirements is the job of the CBBB.
On its part however, the CBBB is run by leaders of the local member BBBs and leaders from major corporations in North America.
BBB Accreditation
The BBB accreditation is a must have for any business keen on staying afloat and attracting customers. If a company shifts its headquarters from a city to another, it has to seek fresh accreditation from the local BBB organization.
However, note that whereas theBBB uses the word “Bureau” in its name, the organization is in no direct way associated with the government, either through funding or endorsement. The BBB is an independent organization that runs its operations independent of any government Bureaus.
How the BBB works
Through its local chapters in the US and Canada, the BBB registers member businesses and allows them to use its logo, mediation services and information for certain charges. Private member businesses pay dues for using the BBB’s logos to promote the reliability and dependability of their businesses. In a nutshell, the BBB fosters trust and honesty between customers and private businesses.
Using the BBB to Find Reputable Companies
The BBB can be used to locate reputable and reliable companies. The BBB collects and stores vital data on businesses and avails this information to consumers for free. Businesses are therefore given BBB ratings depending on the information gathered from their market place operations. By so doing, the BBB creates awareness in the public against fraudulent and shady firms out to make quick profits from unsuspecting consumers.
As such, the BBB has lots of vital information on business marketplace activities such as honesty, ethics and integrity. A consumer can readily access this information and determine whether a company is reliable or not. Typically, companies with a high BBB rating have demonstrated trust, ethics and honesty in their marketplace activities.
The BBB has also been used to resolve issues between consumers and member companies. When consumers register complaints about certain companies, the BBB analyzes the information and acts accordingly. Action taken may include mentioning the issues raised with the company in question.
Criticisms
Recently, there have been sharp criticisms against theBBB, with accusations that the organization is selling good ratings. However, the criticisms have been dismissed as callous allegations.
To better understand the BBB, perhaps it is important to consider its structural organization. For starters, there are 112 regional BBBs that are run independent of their mother corporation. These independent BBBs have their own Boards of Directors but are subject to set out BBB requirements. To enforce and monitor these requirements is the job of the CBBB.
On its part however, the CBBB is run by leaders of the local member BBBs and leaders from major corporations in North America.
BBB Accreditation
The BBB accreditation is a must have for any business keen on staying afloat and attracting customers. If a company shifts its headquarters from a city to another, it has to seek fresh accreditation from the local BBB organization.
However, note that whereas theBBB uses the word “Bureau” in its name, the organization is in no direct way associated with the government, either through funding or endorsement. The BBB is an independent organization that runs its operations independent of any government Bureaus.
Friday, July 29, 2011
South African Gold Krugerrands and Rands
The South African Krugerrands are an investment grade coins that can come in handy when looking for gold investments. The South African Krugerrands are an official South African bullion coin that contain 1 ounce of pure gold. As the perfect gold investment, Krugerrands have an inherent gold value that retails at the existing gold prices in the bullion market.
Therefore, the price of Krugerrands may increase or decrease depending on the prevailing price of gold. However, the Krugerrands also have extra value for collectors, as they are a rare collectors’ item. A Krugerrand will be priced depending on its type, fine gold content and its rarity.
The Krugerrands are common gold bullion and are widely preferred by gold investors. As a renowned gold bullion world over, the Krugerrands can be found in equally smaller sizes, such as half Krugerrand, quarter Krugerrand and the 1/10th Krugerrand. These denominations contain half an ounce of gold, a quarter an ounce of gold and a one tenth of an ounce of gold correspondingly.
As South Africa’s official gold bullion, the Krugerrands were first minted and issued in 1967. The Krugerrand is an official legal tender coin and can be used as currency in South Africa. However, due to the high volatility of gold prices, the Krugerrands were never issued with a face value.
On the contrary, the Krugerrands’ purchasing power as legal tender bullion arises from the prevailing market value of gold. Therefore, Krugerrand prices change with the changing price of gold. The South African Mint opted against a face value due to the fact that in some situations, the Krugerrands could have excess face value with little gold content.
On the contrary, the mint tried to avoid situations in which the Krugerrand could have a face value that is smaller than the gold content therein. Typically, the Krugerrand weighs 33.93 grams and is mostly made using 22 karat gold. The Krugerrand karatage reflects a gold fineness of 91.67%. But even though the Krugerrand has only 1 ounce of gold, the coins actually weigh in excess of 1 ounce.
The Krugerrands’ excess weight arises from the alloying of gold with other metals to make it stronger and durable.
Invest In Krugerrands
Gold has always been a favorite metal for investment. With the current high price of gold, there has never been a better time to sell gold. Gold offers one sure way to protect the value of money from uncertainties such as inflation that can corrode paper currencies. Gold investments are favored globally because gold cannot be manufactured and is accepted world over as a payment method.
It is accepted globally that gold has an inherent value. What this means is; when you invest in gold, even though its price may fluctuate frequently, it will increase over time. On the other hand, national currency values can be eroded and lose value considerably in uncertain economic situations.
Therefore, the price of Krugerrands may increase or decrease depending on the prevailing price of gold. However, the Krugerrands also have extra value for collectors, as they are a rare collectors’ item. A Krugerrand will be priced depending on its type, fine gold content and its rarity.
The Krugerrands are common gold bullion and are widely preferred by gold investors. As a renowned gold bullion world over, the Krugerrands can be found in equally smaller sizes, such as half Krugerrand, quarter Krugerrand and the 1/10th Krugerrand. These denominations contain half an ounce of gold, a quarter an ounce of gold and a one tenth of an ounce of gold correspondingly.
As South Africa’s official gold bullion, the Krugerrands were first minted and issued in 1967. The Krugerrand is an official legal tender coin and can be used as currency in South Africa. However, due to the high volatility of gold prices, the Krugerrands were never issued with a face value.
On the contrary, the Krugerrands’ purchasing power as legal tender bullion arises from the prevailing market value of gold. Therefore, Krugerrand prices change with the changing price of gold. The South African Mint opted against a face value due to the fact that in some situations, the Krugerrands could have excess face value with little gold content.
On the contrary, the mint tried to avoid situations in which the Krugerrand could have a face value that is smaller than the gold content therein. Typically, the Krugerrand weighs 33.93 grams and is mostly made using 22 karat gold. The Krugerrand karatage reflects a gold fineness of 91.67%. But even though the Krugerrand has only 1 ounce of gold, the coins actually weigh in excess of 1 ounce.
The Krugerrands’ excess weight arises from the alloying of gold with other metals to make it stronger and durable.
Invest In Krugerrands
Gold has always been a favorite metal for investment. With the current high price of gold, there has never been a better time to sell gold. Gold offers one sure way to protect the value of money from uncertainties such as inflation that can corrode paper currencies. Gold investments are favored globally because gold cannot be manufactured and is accepted world over as a payment method.
It is accepted globally that gold has an inherent value. What this means is; when you invest in gold, even though its price may fluctuate frequently, it will increase over time. On the other hand, national currency values can be eroded and lose value considerably in uncertain economic situations.
Thursday, July 28, 2011
Royal Canadian Mint
The Royal Canadian Mint is the official maker of the Canadian bullion and investment grade coins. The mint produces collectible, investment and bullion coins for various uses. The Mint also produces and issues all of Canada’s daily circulation coins. In addition, the Royal Canadian Mint also mints coinage for a number of foreign countries. The Mint has throughout history designed and produced different coinage from gold, silver, platinum and palladium. However, the Royal Canadian Mint also serves as a gold refinery and offers assaying services.
The Royal Canadian Mint begun in 1908, with the increasing demand for home made Canadian coins. Before then, Canadian coins would be minted in London, at the British Royal Mint. Canada was still a colony of Britain and its circulation cents were minted in Britain from 1858. However, the emergence of Canada as a nation demanded that it produces its own home made coins. To serve this demand, a branch of the British Royal Mint was established in Ottawa in 1901. However, it was not officially opened until 1908.
But even after it was opened and operationalized, the Canadian Mint largely remained an extension of the British Royal Mint until 1931. The Ottawa Mint officially changed its name to the Royal Canadian Mint that year. It was subsequently removed from the British and placed under the Canadian Department of Finance. But even so, the Royal Canadian Mint still largely relied on the British Royal Mint for things such as master tools used in punches and dies when minting. It was only in 1969 that the Royal Canadian Mint was given recognition as a crown corporation. This effectively ended its dependency and ties with the Canadian Department of Finance, making it a self-governing body.
The Royal Canadian Mint has produced collector and commemorative coins, bullion coins, bars, wafers and grain, medals and medallions ever since it was established. As Canada continued to emerge as a nation, there was an increased demand for coinage that saw the establishment of a new mint in Winnipeg. Before the Winnipeg Mint was commissioned in 1976, most of Canada’s 10 cents coins were being produced at the US Philadelphia Mint. The Winnipeg Mint mostly dealt with collector circulation coins while the Ottawa mint dealt with collector coins. However, the Winnipeg mint also doubled up as a mint for foreign countries, having minted currencies for 70 countries to date.
The Royal Canadian mint has produced some notable coins such as the Commemorative 1976 Montreal Olympics coins.
Sell Canadian Coins for top dollar
A stash of Canadian coins, whether silver, gold, platinum or palladium can earn you top dollar when sold to reputable refiners. Reputable refiners will pay an average six times more money than middlemen, pawn shops or pawn brokers and jewelers. Sell your gold, silver, palladium or palladium coins for the most money today!
The Royal Canadian Mint begun in 1908, with the increasing demand for home made Canadian coins. Before then, Canadian coins would be minted in London, at the British Royal Mint. Canada was still a colony of Britain and its circulation cents were minted in Britain from 1858. However, the emergence of Canada as a nation demanded that it produces its own home made coins. To serve this demand, a branch of the British Royal Mint was established in Ottawa in 1901. However, it was not officially opened until 1908.
But even after it was opened and operationalized, the Canadian Mint largely remained an extension of the British Royal Mint until 1931. The Ottawa Mint officially changed its name to the Royal Canadian Mint that year. It was subsequently removed from the British and placed under the Canadian Department of Finance. But even so, the Royal Canadian Mint still largely relied on the British Royal Mint for things such as master tools used in punches and dies when minting. It was only in 1969 that the Royal Canadian Mint was given recognition as a crown corporation. This effectively ended its dependency and ties with the Canadian Department of Finance, making it a self-governing body.
The Royal Canadian Mint has produced collector and commemorative coins, bullion coins, bars, wafers and grain, medals and medallions ever since it was established. As Canada continued to emerge as a nation, there was an increased demand for coinage that saw the establishment of a new mint in Winnipeg. Before the Winnipeg Mint was commissioned in 1976, most of Canada’s 10 cents coins were being produced at the US Philadelphia Mint. The Winnipeg Mint mostly dealt with collector circulation coins while the Ottawa mint dealt with collector coins. However, the Winnipeg mint also doubled up as a mint for foreign countries, having minted currencies for 70 countries to date.
The Royal Canadian mint has produced some notable coins such as the Commemorative 1976 Montreal Olympics coins.
Sell Canadian Coins for top dollar
A stash of Canadian coins, whether silver, gold, platinum or palladium can earn you top dollar when sold to reputable refiners. Reputable refiners will pay an average six times more money than middlemen, pawn shops or pawn brokers and jewelers. Sell your gold, silver, palladium or palladium coins for the most money today!
Wednesday, July 27, 2011
Sell Direct to the Refinery
Selling gold, silver, platinum or palladium directly to the refinery can earn you top dollar. Reputable refineries offer the most money for items of scrap precious metal. With the current high price of gold, there has never been a better time to sell gold. But as with any other industry, the gold recycling industry has its own share of fly-by-night companies. You can only make the most money for your gold by identifying reputable companies.
But how do you identify a reputable refinery?
Accreditation
Reputable Refineries will have industry accreditations such as Better Business Bureau (BBB), McAfee, TRUSTe and VeriSign. The Better Business Bureau is particularly important. Through its site, the BBB offers information on member refineries that can be crucial when looking for the best prices. Never sell gold, silver, palladium or platinum to refineries without BBB membership. Accreditations embody essential business values such as ethics, honesty, integrity and truth.
Advertising
Advertising can be a crucial pointer to a refineries’ business practice. How a refinery advertises its business and services will tell you a lot about its market place activities. As such, consider the following when looking as advertisements.
For instance, reputable refineries advertise their prices openly and in per gram prices. On the contrary, fly-by-night refineries advertise their prices as follows;
Price Ranges
Price range advertisers are nothing but middlemen looking to buy gold cheaply. A price range creates the false impression that you will make more money. But as with any other fly-by-night firm’s marketing gimmick, price ranges actually offer little money for gold. Price range advertisers will always pay you the lower price.
Flat Prices
Never sell gold, silver, platinum or palladium to refineries that advertise their payout prices in flat rates. A flat price is typically a rounded off sum, such as $12.50. What such a refinery never tells you is who gets the change! You never do, the refinery does!!
Per Pennyweight Prices
Per pennyweight prices are another hallmark of a dishonest refinery. Per pennyweight prices are misleading. Insist on per gram prices. A pennyweight is 1.555 grams. Advertising in pennyweights misleads the customer to think that they are getting more money than per gram prices because a pennyweight is 1.555 times more than a gram. You actually make little money!
Communication
Reputable refineries will maintain efficient communication and answer any concerns you might have accordingly. However, fly-by-night firms will evade questions and take time answering serious concerns. They may not even have contacts or addresses on their websites.
Beware of refineries that don’t have a terms and conditions page on their site. What are they trying to hide? Or perhaps they are hiding low payout prices and poor services? Watch out!
Tuesday, July 26, 2011
Gold and Silver
Gold and silver are some of the oldest rare metals known to man and have been used for varying purposes throughout history. Today, Gold and Silver are used widely in industry amongst other applications.
Gold Uses
Gold is increasingly finding usage in industry due to its range of favorable properties. Gold has been used in dentistry, jewelry as well as in the manufacture of industrial applications. The use of Gold has been necessitated by favorable properties such as:
•Its resistance to corrosion
•Efficient electrical conductivity.
•Gold has suitable Thermal Conductivity
•Infrared reflectivity
•High Ductile and Malleable
Today, Gold is used in a variety of industrial applications such as manufacture of electronics components, equipment such as computers, mobile phones and home appliances. These applications have been made possible by Gold’s superior electrical conductivity, high malleability and resistance to wear and corrosion.
With a high infrared reflectivity, Gold has found suitable usage in the manufacture of shielding used to protect spacecrafts and satellites from the effects of solar radiation. In addition, industrial and medical lasers also make use of a Gold coated reflector that focuses light energy. In medical research, Gold is extensively being used as it portends no harm to the body. Gold has traditionally been used in the treatment and management of arthritis amounts others intractable diseases.
There has been a steady growth in industrial demand for Gold. Currently, most of the world’s gold supply goes into the Jewellery industry.
Silver Uses
Silver has been used historically for various purposes, ranging from medicine, coinage to industry. Silver has the best electrical conductivity properties of all metals and does not corrode. Silver has widely been used in the production of coins and silverware. However, recent years have witnessed a fall in global silver supply, as demand from industry continues to grow.
Silver use in industry has also been made possible by the metal’s favorable properties. Today, the US leads in overall global silver consumption. The photography industry also takes a considerable amount of the overall silver supply globally. Silver is used in the manufacture if color film used in shutter cameras.
However, the advent of the digital camera has somewhat affected the uptake of silver in the photography industry. Silver demand is also driven by the electronics industry. Electronics manufacturers prefer silver due to its high electrical conductivity per unit volume. However, its high price and unavailability has seen silver replaced by Copper.
Silver is also used in the manufacture of switch and relay contacts for vehicles and automotive window heating systems. Today, a very small amount of silver is used in coinage. Major silver miners in the world include Peru, the US, Canada, Spain, Australia and Mexico.
Gold Uses
Gold is increasingly finding usage in industry due to its range of favorable properties. Gold has been used in dentistry, jewelry as well as in the manufacture of industrial applications. The use of Gold has been necessitated by favorable properties such as:
•Its resistance to corrosion
•Efficient electrical conductivity.
•Gold has suitable Thermal Conductivity
•Infrared reflectivity
•High Ductile and Malleable
Today, Gold is used in a variety of industrial applications such as manufacture of electronics components, equipment such as computers, mobile phones and home appliances. These applications have been made possible by Gold’s superior electrical conductivity, high malleability and resistance to wear and corrosion.
With a high infrared reflectivity, Gold has found suitable usage in the manufacture of shielding used to protect spacecrafts and satellites from the effects of solar radiation. In addition, industrial and medical lasers also make use of a Gold coated reflector that focuses light energy. In medical research, Gold is extensively being used as it portends no harm to the body. Gold has traditionally been used in the treatment and management of arthritis amounts others intractable diseases.
There has been a steady growth in industrial demand for Gold. Currently, most of the world’s gold supply goes into the Jewellery industry.
Silver Uses
Silver has been used historically for various purposes, ranging from medicine, coinage to industry. Silver has the best electrical conductivity properties of all metals and does not corrode. Silver has widely been used in the production of coins and silverware. However, recent years have witnessed a fall in global silver supply, as demand from industry continues to grow.
Silver use in industry has also been made possible by the metal’s favorable properties. Today, the US leads in overall global silver consumption. The photography industry also takes a considerable amount of the overall silver supply globally. Silver is used in the manufacture if color film used in shutter cameras.
However, the advent of the digital camera has somewhat affected the uptake of silver in the photography industry. Silver demand is also driven by the electronics industry. Electronics manufacturers prefer silver due to its high electrical conductivity per unit volume. However, its high price and unavailability has seen silver replaced by Copper.
Silver is also used in the manufacture of switch and relay contacts for vehicles and automotive window heating systems. Today, a very small amount of silver is used in coinage. Major silver miners in the world include Peru, the US, Canada, Spain, Australia and Mexico.
Saturday, July 23, 2011
An Overview Of Conducting Gold Parties
For getting your hands on some quick cash, a hassle free and quick method is hosting gold parties. Previously, chef parties, low profit decoration and Tupperware parties were held but they have gone out of fashion. However, gold parties are conducted to help people in disposing off their unwanted gold which was just wasting away. Gold parties indicate that people do not have to look for a gold buyer and can easily sell gold. In the economic turbulence which exists in the market, people can sell their gold to earn top dollar as prices of gold are touching the sky.
To give people a platform where they can interact with a gold buyer who follows all business ethics including honesty and sell gold to them, the concept of gold parties was introduced. In addition, of the total amount which is received by the sellers, 10% of the amount is given to the hostess. In this manner, all parties involved in these parties can benefit from them. For being able to host a gold party, one would need an appraiser who can buy gold from them and also perform assay services. A multitude of companies are established in the market who offers to buy gold from them. Nevertheless, using a refinery to sell gold is a much better alternative.
The usual norm of a company is to purchase gold from people and then sell it to the refinery so it is better to conduct direct deals with a gold refinery. Thus, people do not need middlemen and can consult a refinery on your own. It is possible to use any Canada gold buyer because each city has their own refiner such as Vancouver, Winnipeg, Calgary, Kamloops, Victoria refiner etc. However, people can use KMG Gold Recycling if they want five times more money than usual and want to get the best gold assay services.
The next step is to set up a date with the refinery. People should be given an opportunity to hunt up the gold they wish to sell so a little time should be provided. It is the desire of many people to sell gold but locating it requires time. Invites are sent out to friends, neighbors, relatives and acquaintances to encourage as many people as possible to attend and hence make money. The next step is to perform house cleaning in order to be readied up for the party. Moreover, the gold buyer requires a separate area where he can perform assay services and then accordingly name a price.
In addition, to make the party more entertaining, refreshments can also be introduced and games can be organized. KMG Gold Recycling can be hired in order to strike up the best deal.
To give people a platform where they can interact with a gold buyer who follows all business ethics including honesty and sell gold to them, the concept of gold parties was introduced. In addition, of the total amount which is received by the sellers, 10% of the amount is given to the hostess. In this manner, all parties involved in these parties can benefit from them. For being able to host a gold party, one would need an appraiser who can buy gold from them and also perform assay services. A multitude of companies are established in the market who offers to buy gold from them. Nevertheless, using a refinery to sell gold is a much better alternative.
The usual norm of a company is to purchase gold from people and then sell it to the refinery so it is better to conduct direct deals with a gold refinery. Thus, people do not need middlemen and can consult a refinery on your own. It is possible to use any Canada gold buyer because each city has their own refiner such as Vancouver, Winnipeg, Calgary, Kamloops, Victoria refiner etc. However, people can use KMG Gold Recycling if they want five times more money than usual and want to get the best gold assay services.
The next step is to set up a date with the refinery. People should be given an opportunity to hunt up the gold they wish to sell so a little time should be provided. It is the desire of many people to sell gold but locating it requires time. Invites are sent out to friends, neighbors, relatives and acquaintances to encourage as many people as possible to attend and hence make money. The next step is to perform house cleaning in order to be readied up for the party. Moreover, the gold buyer requires a separate area where he can perform assay services and then accordingly name a price.
In addition, to make the party more entertaining, refreshments can also be introduced and games can be organized. KMG Gold Recycling can be hired in order to strike up the best deal.
Thursday, July 21, 2011
Scrap Gold Buyer Online in Winnipeg
Public Can Own Gold Bullion
Scrap gold buyer online in Winnipeg, KMG gold buys gold, silver, platinum, palladium and rhodium you want to sell. You can check the payouts from the competition and you can come back to us to sell your gold after verifying the rates they pay. You will be able to see that we pay you the best at KMG gold. Therefore, to sell your scrap precious metals do not look beyond KMG gold.
Gold is a symbol of luxury. The metal is rare. The appearance and the durability of the metal make it the most appealing material in the world that one might want to possesses. Gold is mostly known for its use in jewelry that we use to wear in the body. However, gold is as well used in electronics. There are many industrial products that form the backbone of technology for which gold is used.
In the current day world, where information is widespread more than the needed amount of discussion is ongoing about the price of gold, lot of investors hold somewhere from a few thousands of ounces of gold as a mode of protecting their futures against the probable threat they might face for their wealth from the government. Despite the proven strength of investing in gold, there are several investment myths about gold in existence.
Way back in 1933, it was not legal for the public to own gold. well this was indeed a fact because the US government outlawed the possession of gold by the public; however, this was until the year 1974 when the then President Gerald Ford signed legislation from when Americans were permitted to own gold bullion, gold coin, or gold certificates and the permitted quantity crossed over $100. However, many people who knew the outlawed idea of the lack of permission to possess gold in 1933 did not know that this law was waived in 1974 and they continued to fear to possess gold bullion or invest in gold bullion.
After the great depression, the public started investing in gold that actually drained the federal reserves and their related plans involved with the money supply. It was important for the government to stimulate the economy, therefore they outlawed it. When things were back in to pace the 1974 Act, removed the restrictions on US individuals buying gold coins, gold bullion bars as well as gold certificates.
If any of your friends do not know that it is legal to buy bullion and store bullion for investment purposes you can alert them by saying, the US Mint now is involved in selling gold coins in different weights and different special series to the public as well.
Scrap gold buyer online in Winnipeg, KMG gold buys gold, silver, platinum, palladium and rhodium you want to sell. You can check the payouts from the competition and you can come back to us to sell your gold after verifying the rates they pay. You will be able to see that we pay you the best at KMG gold. Therefore, to sell your scrap precious metals do not look beyond KMG gold.
Gold is a symbol of luxury. The metal is rare. The appearance and the durability of the metal make it the most appealing material in the world that one might want to possesses. Gold is mostly known for its use in jewelry that we use to wear in the body. However, gold is as well used in electronics. There are many industrial products that form the backbone of technology for which gold is used.
In the current day world, where information is widespread more than the needed amount of discussion is ongoing about the price of gold, lot of investors hold somewhere from a few thousands of ounces of gold as a mode of protecting their futures against the probable threat they might face for their wealth from the government. Despite the proven strength of investing in gold, there are several investment myths about gold in existence.
Way back in 1933, it was not legal for the public to own gold. well this was indeed a fact because the US government outlawed the possession of gold by the public; however, this was until the year 1974 when the then President Gerald Ford signed legislation from when Americans were permitted to own gold bullion, gold coin, or gold certificates and the permitted quantity crossed over $100. However, many people who knew the outlawed idea of the lack of permission to possess gold in 1933 did not know that this law was waived in 1974 and they continued to fear to possess gold bullion or invest in gold bullion.
After the great depression, the public started investing in gold that actually drained the federal reserves and their related plans involved with the money supply. It was important for the government to stimulate the economy, therefore they outlawed it. When things were back in to pace the 1974 Act, removed the restrictions on US individuals buying gold coins, gold bullion bars as well as gold certificates.
If any of your friends do not know that it is legal to buy bullion and store bullion for investment purposes you can alert them by saying, the US Mint now is involved in selling gold coins in different weights and different special series to the public as well.
Wednesday, July 20, 2011
Scrap Gold Online Buyer In Victoria Gold Represents Status
Scrap gold buyer online in Victoria, KMG gold is where you can sell your gold from gold parties for the best price as a part of your work at home plan. You can sell silver, sell platinum, sell rhodium and sell palladium with KMG gold. Being a refinery they assay the scrap precious metal you want to sell and you get paid for the pure metal content in the scrap.
Gold was forever viewed as a metal with great significance. Almost every culture in the world viewed gold as a metal that means wealth and indeed this indicated some signs of prosperity as well. This is the case since the first time gold was identified, probably due to its shiny appearance and durability. People destroyed kingdoms and people to acquire gold because of their passion towards gold and the fascination they had towards possessing gold. Gold for all reasons whether it was obtained as a gift or as a result of war represented status.
Egyptians were of view that gold is the flesh of their god Ra. Ra is the term they use to denote the sun God. This idea was probably because the sun is golden in color. Most of the royals of the Egypt, popularly known as the Pharaohs treasured vast reserves of gold and they firmly believed that will be of great value in their after lives. Priests and people who were religious leaders as well were buried in caskets that were made of gold or that which had gold articles in them.
Celtic gods were central to the culture of Ireland and they made gold bracelets and gold collars for their gods. They were treasured secretly in rivers and marshland as an offering to their gods. A similar practice was prevalent among the people from the Central American civilization where they threw gold in to the holy lakes or holy rivers.
Gold artifacts are very famous among the African people as well. Special craftsmen and gold smiths were employed to design the gold objects that were used to adore the leaders and religious leaders. As well gold was used to decorate the royal residence and royal courts. There has been a long standing history of gold exported from different regions of Africa to different parts of the world.
Gold has widespread use in China in the Buddhist culture. It is a belief that the Romans were the first of the cultures to have brought the practice of using gold rings in holy matrimony. Ceremonial cups and other articles were made of gold in various cultures from around the world. Even in the modern era, the presence of gold at home is considered auspicious as an omen of prosperity in most cultures. No wonder investment in gold is continuing despite the all time high price for gold. Perhaps, the love for gold is embedded in the human DNA.
Gold was forever viewed as a metal with great significance. Almost every culture in the world viewed gold as a metal that means wealth and indeed this indicated some signs of prosperity as well. This is the case since the first time gold was identified, probably due to its shiny appearance and durability. People destroyed kingdoms and people to acquire gold because of their passion towards gold and the fascination they had towards possessing gold. Gold for all reasons whether it was obtained as a gift or as a result of war represented status.
Egyptians were of view that gold is the flesh of their god Ra. Ra is the term they use to denote the sun God. This idea was probably because the sun is golden in color. Most of the royals of the Egypt, popularly known as the Pharaohs treasured vast reserves of gold and they firmly believed that will be of great value in their after lives. Priests and people who were religious leaders as well were buried in caskets that were made of gold or that which had gold articles in them.
Celtic gods were central to the culture of Ireland and they made gold bracelets and gold collars for their gods. They were treasured secretly in rivers and marshland as an offering to their gods. A similar practice was prevalent among the people from the Central American civilization where they threw gold in to the holy lakes or holy rivers.
Gold artifacts are very famous among the African people as well. Special craftsmen and gold smiths were employed to design the gold objects that were used to adore the leaders and religious leaders. As well gold was used to decorate the royal residence and royal courts. There has been a long standing history of gold exported from different regions of Africa to different parts of the world.
Gold has widespread use in China in the Buddhist culture. It is a belief that the Romans were the first of the cultures to have brought the practice of using gold rings in holy matrimony. Ceremonial cups and other articles were made of gold in various cultures from around the world. Even in the modern era, the presence of gold at home is considered auspicious as an omen of prosperity in most cultures. No wonder investment in gold is continuing despite the all time high price for gold. Perhaps, the love for gold is embedded in the human DNA.
Tuesday, July 19, 2011
Selling Gold in Vancouver
Vancouver has a number of reputable companies that buy gold, silver, platinum and palladium for top dollar. Selling gold in Vancouver can only earn you the most money when dealing directly with a reputable Vancouver refinery. There are certain factors that are handy when looking for reputable scrap gold, silver, platinum or palladium refineries.
Things to watch for:
Accreditations
When selling gold in Vancouver, accreditations are a must have for potential buying companies. The best Vancouver gold buyers must have Better Business Bureau (BBB), McAfee, TRUSTe and VeriSign. The Better Business Bureau additionally offers free information on member companies that can be accessed by consumers.
Do not sell gold, silver, platinum and palladium to Vancouver refineries that lack BBB membership. Beware of gold buyers who don't have a privacy policy or who aren't certified by TRUSTe. They might sell your e-mail address and your personal information.
Shipping Services and Refining Lots
Shipping services and refining lots are crucial when looking to sell gold in Vancouver. The best Vancouver Gold buyers must have shipping services and refining lots in Vancouver. Avoid gold buying companies that claim to have operations in Vancouver but lack shipping services or refining lots in the city. Shipping services enable overnight shipment of scrap gold, silver, platinum or palladium to the refinery for faster processing and payment.
Genuine Shipping Insurance
Along with shipping and refining services, reputable Vancouver refineries must also offer genuine shipping insurance. It is important to point out that not all shipping companies offer genuine shipping insurance. Only the best gold buyers and gold refineries offer real, claimable insurance for your precious metal.
Companies such as UPS, FedEx, Purolator, Canada Post, the US Postal service amongst others will all sell you insurance, but it is not claimable for precious metals, gems, jewelery, gold bars, silver bars coins wafers etc.
However, reputable companies such as Canada’s leading Gold buyer and refiner, KMG Gold Recycling, offers genuine, claimable shipping insurance for your gold at one half the cost of the other carriers insurance.
Honesty, Truth and Integrity
Honesty, truth and integrity are crucial traits in a company when looking to sell a stash of scrap silver, gold, platinum or palladium. Honesty, truth and integrity will be embodied in accreditations and other business practices.
For instance, how a Vancouver gold buyer advertises its business and services can reveal a great deal about them. For instance, Gold buyers that advertise in pennyweight prices, flat or rounded rates and range prices are untruthful.
Untruthful advertising is aimed at enabling shady firms buy gold, silver, platinum and palladium cheaply from you. Most shady or fly-by-night firms are run by middlemen and will typically buy gold for a pittance.
Be sure to find a reputable Vancouver gold buyer for top dollar!
Things to watch for:
Accreditations
When selling gold in Vancouver, accreditations are a must have for potential buying companies. The best Vancouver gold buyers must have Better Business Bureau (BBB), McAfee, TRUSTe and VeriSign. The Better Business Bureau additionally offers free information on member companies that can be accessed by consumers.
Do not sell gold, silver, platinum and palladium to Vancouver refineries that lack BBB membership. Beware of gold buyers who don't have a privacy policy or who aren't certified by TRUSTe. They might sell your e-mail address and your personal information.
Shipping Services and Refining Lots
Shipping services and refining lots are crucial when looking to sell gold in Vancouver. The best Vancouver Gold buyers must have shipping services and refining lots in Vancouver. Avoid gold buying companies that claim to have operations in Vancouver but lack shipping services or refining lots in the city. Shipping services enable overnight shipment of scrap gold, silver, platinum or palladium to the refinery for faster processing and payment.
Genuine Shipping Insurance
Along with shipping and refining services, reputable Vancouver refineries must also offer genuine shipping insurance. It is important to point out that not all shipping companies offer genuine shipping insurance. Only the best gold buyers and gold refineries offer real, claimable insurance for your precious metal.
Companies such as UPS, FedEx, Purolator, Canada Post, the US Postal service amongst others will all sell you insurance, but it is not claimable for precious metals, gems, jewelery, gold bars, silver bars coins wafers etc.
However, reputable companies such as Canada’s leading Gold buyer and refiner, KMG Gold Recycling, offers genuine, claimable shipping insurance for your gold at one half the cost of the other carriers insurance.
Honesty, Truth and Integrity
Honesty, truth and integrity are crucial traits in a company when looking to sell a stash of scrap silver, gold, platinum or palladium. Honesty, truth and integrity will be embodied in accreditations and other business practices.
For instance, how a Vancouver gold buyer advertises its business and services can reveal a great deal about them. For instance, Gold buyers that advertise in pennyweight prices, flat or rounded rates and range prices are untruthful.
Untruthful advertising is aimed at enabling shady firms buy gold, silver, platinum and palladium cheaply from you. Most shady or fly-by-night firms are run by middlemen and will typically buy gold for a pittance.
Be sure to find a reputable Vancouver gold buyer for top dollar!
Friday, July 15, 2011
Panning For Gold
Panning for gold became a famous gold mining method during the gold rush. The Gold Pan was widely used to extract gold from sediments and gravel along river banks and streams. To date, panning for gold is still being done in small scale mining operations throughout remote locations in the world. The Gold pan was an effective mining technique of its time, used in the extraction of gold from placer deposits.
Gold Panning Procedure
The Gold Panning procedure is a simple undertaking, at least in name, in which gold containing material is placed in the pan and shaken under water to remove sediments and gravel. Naturally, gold being denser than sand or gravel settles at the bottom of the Pan. Today, placer deposits have greatly been depleted. Most of the world’s supply of gold is mined from deep underground. When gold was first discovered in North America, miners would extract considerable amounts of gold using the Gold Pan. Placer deposits were abundant.
Once the placer deposits have been placed in the pan, the miner places the Pan under water and shakes with varying movements, from left to right or vice versa. Shaking movements will vary considerably from one miner to the other. The shaking movements are repeated until all sand and gravel has been washed away.
However, the gold has its own advantages and disadvantages;
Merits of the Gold Pan
The Gold Pan is an effective method of gold mining in remote locations where commercial operations are impossible to set up and there aren’t significant gold deposits. Commercial miners use the Gold Pan as a sampling technique when surveying an area for potential gold deposits. Most of the world’s remaining individual gold prospectors use the gold pan in remote locations, with insignificant placer deposits.
Demerits of the gold pan
One chief demerit of the gold pan is the amount of material it can hold at any one time. Miners would only recover little amounts of gold at the end of a day’s work. The invention of the sluice box perhaps proved to be an effective technique than the gold pan. The process is also tiring, as panning is either done kneeling or bending. For effectiveness, a miner has to find a suitable place to sit, such as a stone on the river bank etc.
The Gold Pan through history
The Gold Pan was an effective mining technique during the early discoveries of gold. Records indicate that at the peak of the Gold rush, a miner could recover an estimated 96 ounces of gold per day! That, obviously, was a fortune, plus modern commercial mining techniques were yet unknown. The gold pan has its place in history and remains one the most used methods of gold extraction throughout history.
Gold Panning Procedure
The Gold Panning procedure is a simple undertaking, at least in name, in which gold containing material is placed in the pan and shaken under water to remove sediments and gravel. Naturally, gold being denser than sand or gravel settles at the bottom of the Pan. Today, placer deposits have greatly been depleted. Most of the world’s supply of gold is mined from deep underground. When gold was first discovered in North America, miners would extract considerable amounts of gold using the Gold Pan. Placer deposits were abundant.
Once the placer deposits have been placed in the pan, the miner places the Pan under water and shakes with varying movements, from left to right or vice versa. Shaking movements will vary considerably from one miner to the other. The shaking movements are repeated until all sand and gravel has been washed away.
However, the gold has its own advantages and disadvantages;
Merits of the Gold Pan
The Gold Pan is an effective method of gold mining in remote locations where commercial operations are impossible to set up and there aren’t significant gold deposits. Commercial miners use the Gold Pan as a sampling technique when surveying an area for potential gold deposits. Most of the world’s remaining individual gold prospectors use the gold pan in remote locations, with insignificant placer deposits.
Demerits of the gold pan
One chief demerit of the gold pan is the amount of material it can hold at any one time. Miners would only recover little amounts of gold at the end of a day’s work. The invention of the sluice box perhaps proved to be an effective technique than the gold pan. The process is also tiring, as panning is either done kneeling or bending. For effectiveness, a miner has to find a suitable place to sit, such as a stone on the river bank etc.
The Gold Pan through history
The Gold Pan was an effective mining technique during the early discoveries of gold. Records indicate that at the peak of the Gold rush, a miner could recover an estimated 96 ounces of gold per day! That, obviously, was a fortune, plus modern commercial mining techniques were yet unknown. The gold pan has its place in history and remains one the most used methods of gold extraction throughout history.
Friday, July 15, 2011
Report: Facebook Users are a Trusting Bunch
KMG Gold. Conventional wisdom alleges that if your company’s target customer is highly engaging, community oriented and relationship-minded, then marketing over Facebook makes sense for your product or service. But why is that?
The answer might be in a just-released report from the Pew Internet & American Life Project that delves into how people’s trust issues, personal relationships and civic and political involvement are affected by their use of social networking sites. That study found that 79 percent of American adults now use the Internet and nearly half of those (47 percent) say they use at least one social networking site.
The most popular social networking site is Facebook, with 92 percent of those who network socially online preferring that site. Following Facebook is MySpace (29 percent), LinkedIn (18 percent) and Twitter with 13 percent.
Most intriguing is the study’s finding that Facebook users are especially trusting, with those who use the site multiple times a day being more than three times as likely to “trust others" than non-Internet users are. Facebook users also maintain closer relationships, averaging nine more “close ties” to people in their network compared to other Internet users. And the report claims Facebook users receive more social support than others.
The study, called Social Networking Sites and Our Lives, contains a gold mine of information for entrepreneurs desiring to measure up their potential social media-using audience to non-users of social utilities. For instance, the survey shows that on any given day, 15 percent of Facebook users are updating their own status while 22 percent are commenting on another’s post or status. Twenty percent of Facebookers comment on other’s photos daily, 26 percent “Like” another user’s content, and 10 percent send private messages to another user.
Not surprising is a finding that those who frequently use Facebook are far more politically engaged than most people. These Facebook users were 43 percent more likely to have said they would vote than most Americans.
The report concludes there is little validity to concerns that those who spend much of their time on social networks are socially isolated, lack community involvement or social support. Instead, social networking site users represent an enormous customer base, and if your customers are prone to online engagement, so too should your business.
On the other hand, if your demographic is more business-minded, singularly focused on finding a solution and moving on, I say chances are you’re not going to “win them over” based on your Facebook-related activity.
In those instances, I recommend that Facebook take a back seat to more traditional sales and marketing activities, such as sales calls, user conferences, publishing and distributing case studies and white papers, participating in trade shows, and conducting direct mail campaigns.
www.kmggold.com
The answer might be in a just-released report from the Pew Internet & American Life Project that delves into how people’s trust issues, personal relationships and civic and political involvement are affected by their use of social networking sites. That study found that 79 percent of American adults now use the Internet and nearly half of those (47 percent) say they use at least one social networking site.
The most popular social networking site is Facebook, with 92 percent of those who network socially online preferring that site. Following Facebook is MySpace (29 percent), LinkedIn (18 percent) and Twitter with 13 percent.
Most intriguing is the study’s finding that Facebook users are especially trusting, with those who use the site multiple times a day being more than three times as likely to “trust others" than non-Internet users are. Facebook users also maintain closer relationships, averaging nine more “close ties” to people in their network compared to other Internet users. And the report claims Facebook users receive more social support than others.
The study, called Social Networking Sites and Our Lives, contains a gold mine of information for entrepreneurs desiring to measure up their potential social media-using audience to non-users of social utilities. For instance, the survey shows that on any given day, 15 percent of Facebook users are updating their own status while 22 percent are commenting on another’s post or status. Twenty percent of Facebookers comment on other’s photos daily, 26 percent “Like” another user’s content, and 10 percent send private messages to another user.
Not surprising is a finding that those who frequently use Facebook are far more politically engaged than most people. These Facebook users were 43 percent more likely to have said they would vote than most Americans.
The report concludes there is little validity to concerns that those who spend much of their time on social networks are socially isolated, lack community involvement or social support. Instead, social networking site users represent an enormous customer base, and if your customers are prone to online engagement, so too should your business.
On the other hand, if your demographic is more business-minded, singularly focused on finding a solution and moving on, I say chances are you’re not going to “win them over” based on your Facebook-related activity.
In those instances, I recommend that Facebook take a back seat to more traditional sales and marketing activities, such as sales calls, user conferences, publishing and distributing case studies and white papers, participating in trade shows, and conducting direct mail campaigns.
www.kmggold.com
Friday, July 15, 2011
GOLD HITS FRESH RECORD HIGH OF $1595.10 IN EUROPEAN TRADE
KMG Gold. Gold prices rallied to a fresh all time high of $1595.10 this morning with
the market buoyed by fears about an escalation in the economic crisis on
both sides of the atlantic.
In the US the Fed Chairman's testimony before the House left the market
convinced that further stimulus measures would be required if growth slows
- and that seems likely. This expansionary policy heightened concerns
about a much weaker US dollar, a possible downgrading of US debt by the
ratings agency (Moody's placed the US economy on "review for a downgrade")
and it raised once again the spectre of inflation. Bernanke's assurance
that debt repayments would be prioritised from tax receipts left market
watchers wondering just how bad can this get. The Fed's view seems to be
that economic weakness is a temporary phenomenon driven by high oil and
food prices and that they expect these to ease in H2 2011 - the question
"why ?" remains to be adequately explained. With Democrats and Republicans
at loggerheads over the debt ceiling a political impasse to an economic
solution is in place and the unthinkable possibility of a US default has
now become a distinct possibility.
Meanwhile across the pond the crisis in the Eurozone continues with policy
makers seemingly trapped like rabbits in the headlights over the debt
crisis. Ireland and Greece both had the ratings downgraded by Fitch and
questions are being asked of Italy in terms of its ability to adequately
cover its debt obligations.
Gold has been a major beneficiary of the economic woes as have safe haven
currencies such as the Swiss Franc and Norwegian Krone and indeed other
hard assets. The relative strength indicator of gold is currently at 70
which suggests it is not presently overbought and there is scope for the
market to move higher. $1600 could prove a temporary psychological barrier
but the market has a head of steam behind it and we don't expect it to
struggle with that level. In January of this we forecast would see a high
of $1850 in 2011 - we hold to that opinion and it may be a little sooner
than we had originally anticipated.
It's down to who and what can you trust. The markets are primed for
capital flight and are seeking reliable destinations. Let's hope for some
cool and calm decisions - the markets are a little too hot at this time
and deeply uncomfortable.
Visit: www.kmggold.com
the market buoyed by fears about an escalation in the economic crisis on
both sides of the atlantic.
In the US the Fed Chairman's testimony before the House left the market
convinced that further stimulus measures would be required if growth slows
- and that seems likely. This expansionary policy heightened concerns
about a much weaker US dollar, a possible downgrading of US debt by the
ratings agency (Moody's placed the US economy on "review for a downgrade")
and it raised once again the spectre of inflation. Bernanke's assurance
that debt repayments would be prioritised from tax receipts left market
watchers wondering just how bad can this get. The Fed's view seems to be
that economic weakness is a temporary phenomenon driven by high oil and
food prices and that they expect these to ease in H2 2011 - the question
"why ?" remains to be adequately explained. With Democrats and Republicans
at loggerheads over the debt ceiling a political impasse to an economic
solution is in place and the unthinkable possibility of a US default has
now become a distinct possibility.
Meanwhile across the pond the crisis in the Eurozone continues with policy
makers seemingly trapped like rabbits in the headlights over the debt
crisis. Ireland and Greece both had the ratings downgraded by Fitch and
questions are being asked of Italy in terms of its ability to adequately
cover its debt obligations.
Gold has been a major beneficiary of the economic woes as have safe haven
currencies such as the Swiss Franc and Norwegian Krone and indeed other
hard assets. The relative strength indicator of gold is currently at 70
which suggests it is not presently overbought and there is scope for the
market to move higher. $1600 could prove a temporary psychological barrier
but the market has a head of steam behind it and we don't expect it to
struggle with that level. In January of this we forecast would see a high
of $1850 in 2011 - we hold to that opinion and it may be a little sooner
than we had originally anticipated.
It's down to who and what can you trust. The markets are primed for
capital flight and are seeking reliable destinations. Let's hope for some
cool and calm decisions - the markets are a little too hot at this time
and deeply uncomfortable.
Visit: www.kmggold.com
Thursday, July 14, 2011
Scrap Gold Buyer Online
Scrap gold buyer online in Canada, KMG Gold is the right place to sell gold. KMG Gold is the 2010 BBB Award Winner for Marketplace Excellence, Honesty, Ethics and Integrity in Business. This is enough proof for the integrity and ethics in business. You might want to read through real time customer testimonials in the KMG Gold website.
When we talk about buying precious metal bullion, we mean to talk about buying gold bullion, buying silver bullion, buying platinum bullion, buying palladium bullion, and buying rhodium bullion. It can be either one or more of these bullion types based on your affordability. These metals are precious because they are rare. Whether you are buying gold bullion or selling gold bullion it is very important you understand the reputation of the buyer and then go about the buying process.
Ensure that the dealer from whom you are buying the bullion is providing you with a consistently better price than the rest of the dealers. Since the prices for precious metals are transparently displayed in online gold selling sites you can safely compare the rates from different gold buying and gold selling sites about the price you can pay to buy for your gold or the price you can get for your gold, in case you are selling your gold.
When you set out to buy precious metal bullions you will find a mix of them in different weights, shapes and sizes:
• Gold coins, gold wafers, gold coins of different weights, gold bars, gold kilo bars
• Silver coins, silver wafers, silver coins of different weights, silver bars, silver kilo bars
• Platinum coins, platinum wafers, platinum coins of different weights, platinum bars, platinum kilo bars
• Palladium coins, palladium wafers, palladium coins of different weights, palladium bars, palladium kilo bars
• Rhodium coins, rhodium wafers, rhodium coins of different weights, rhodium bars, rhodium kilo bars
From the assortment of available choices you have to decide the form of bullion you would like to posses and you should make your purchase accordingly. If you want to buy precious metals in Canada whether you are looking to buy gold in Canada, buy silver in Canada, buy platinum in Canada, buy palladium in Canada, or buy palladium in Canada deal with a company who has a stable customer service in case you might want to deal with them after sale. A good dealer will answer your concerns even long after you have completed the purchase.
There are online gold buying websites that allow you to continue with the gold buying and gold selling round the clock. You can take your time and shop at your convenience to reach the best price possible for your purchase.
When we talk about buying precious metal bullion, we mean to talk about buying gold bullion, buying silver bullion, buying platinum bullion, buying palladium bullion, and buying rhodium bullion. It can be either one or more of these bullion types based on your affordability. These metals are precious because they are rare. Whether you are buying gold bullion or selling gold bullion it is very important you understand the reputation of the buyer and then go about the buying process.
Ensure that the dealer from whom you are buying the bullion is providing you with a consistently better price than the rest of the dealers. Since the prices for precious metals are transparently displayed in online gold selling sites you can safely compare the rates from different gold buying and gold selling sites about the price you can pay to buy for your gold or the price you can get for your gold, in case you are selling your gold.
When you set out to buy precious metal bullions you will find a mix of them in different weights, shapes and sizes:
• Gold coins, gold wafers, gold coins of different weights, gold bars, gold kilo bars
• Silver coins, silver wafers, silver coins of different weights, silver bars, silver kilo bars
• Platinum coins, platinum wafers, platinum coins of different weights, platinum bars, platinum kilo bars
• Palladium coins, palladium wafers, palladium coins of different weights, palladium bars, palladium kilo bars
• Rhodium coins, rhodium wafers, rhodium coins of different weights, rhodium bars, rhodium kilo bars
From the assortment of available choices you have to decide the form of bullion you would like to posses and you should make your purchase accordingly. If you want to buy precious metals in Canada whether you are looking to buy gold in Canada, buy silver in Canada, buy platinum in Canada, buy palladium in Canada, or buy palladium in Canada deal with a company who has a stable customer service in case you might want to deal with them after sale. A good dealer will answer your concerns even long after you have completed the purchase.
There are online gold buying websites that allow you to continue with the gold buying and gold selling round the clock. You can take your time and shop at your convenience to reach the best price possible for your purchase.
Wednesday, July 13, 2011
Tailings and Waste Rock from Mining
Tailings and waste rock is a direct product of modern large scale commercial mining activities. Today, mining is responsible for significant environmental damage. Tailings and waste rock make up the bulk of mining waste.
By definition, tailings refer to whatever is left after the ore has been crushed and the metal obtained. Tailings will typically be slurry that contains hazardous chemicals. On the other hand, waste rock refers to the displaced earth when searching for the metal ore. Modern commercial mining is typically done on a large scale and requires vast areas of land.
Mining Types
Tailings and waste rock will typically result from either of the following mining methods;
1. Hard Rock Mining
2. Placer Mining
Placer Mining
Placer mining refers to the extraction of gold or silver from surface placer deposits. Placer mining is mostly carried out on small scale and produces insignificant tailings or waste rock. Place mining is today confined to small scale prospectors, with modern miners employing complex techniques to excavate the rare metals. Therefore, placer mining does not produce tailings or slurry containing hazardous chemicals. Placer mining uses techniques such as the sluice box or the gold pan.
Hard Rock Mining
Hard rock mining is perhaps responsible for vast tailings and waste rock. Waste rock is produced by giant earth movers and powerful drills that bore through earth in search of metal ore. Waste rock has no use for a miner; it is simply ground that is displaced to obtain the ore. On the other hand, the extraction of the underlying precious metal uses various dangerous chemicals such as arsenic, mercury, acids etc. These chemicals finally make up the composition of the slurry that is kept in holding pools as tailings. Therefore, tailings will typically consist of whatever chemicals are used during the extraction process for gold, silver, platinum and palladium.
Environmental Impacts Posed by Tailings and Waste Rock
Mining poses considerable negative environmental impacts. Tailings contain hazardous chemicals that can cause serious environmental damage. To protect against leaks to the environmental, miners build holding pools that contain the slurry. However, leaks have been common, with wall breakages and enormous chemical leaks. Therefore, if not well contained, careless mining can cause serious environmental impact. Leakage to water pipes or rivers and streams can be disastrous. The chemicals can also cause considerable water and air pollution.
Commercial miners also bring to the surface underground sulfur rocks that can cause acidic run-off, killing crops. The acidic run-off can leak to human water pipes, with disastrous impacts. For these reasons, countries have put in place effective mining legislation to prevent against pollution or disasters. However, there are countries, such as in the third world that still have ineffective mining legislation and experience considerable mining pollution.
By definition, tailings refer to whatever is left after the ore has been crushed and the metal obtained. Tailings will typically be slurry that contains hazardous chemicals. On the other hand, waste rock refers to the displaced earth when searching for the metal ore. Modern commercial mining is typically done on a large scale and requires vast areas of land.
Mining Types
Tailings and waste rock will typically result from either of the following mining methods;
1. Hard Rock Mining
2. Placer Mining
Placer Mining
Placer mining refers to the extraction of gold or silver from surface placer deposits. Placer mining is mostly carried out on small scale and produces insignificant tailings or waste rock. Place mining is today confined to small scale prospectors, with modern miners employing complex techniques to excavate the rare metals. Therefore, placer mining does not produce tailings or slurry containing hazardous chemicals. Placer mining uses techniques such as the sluice box or the gold pan.
Hard Rock Mining
Hard rock mining is perhaps responsible for vast tailings and waste rock. Waste rock is produced by giant earth movers and powerful drills that bore through earth in search of metal ore. Waste rock has no use for a miner; it is simply ground that is displaced to obtain the ore. On the other hand, the extraction of the underlying precious metal uses various dangerous chemicals such as arsenic, mercury, acids etc. These chemicals finally make up the composition of the slurry that is kept in holding pools as tailings. Therefore, tailings will typically consist of whatever chemicals are used during the extraction process for gold, silver, platinum and palladium.
Environmental Impacts Posed by Tailings and Waste Rock
Mining poses considerable negative environmental impacts. Tailings contain hazardous chemicals that can cause serious environmental damage. To protect against leaks to the environmental, miners build holding pools that contain the slurry. However, leaks have been common, with wall breakages and enormous chemical leaks. Therefore, if not well contained, careless mining can cause serious environmental impact. Leakage to water pipes or rivers and streams can be disastrous. The chemicals can also cause considerable water and air pollution.
Commercial miners also bring to the surface underground sulfur rocks that can cause acidic run-off, killing crops. The acidic run-off can leak to human water pipes, with disastrous impacts. For these reasons, countries have put in place effective mining legislation to prevent against pollution or disasters. However, there are countries, such as in the third world that still have ineffective mining legislation and experience considerable mining pollution.
Tuesday, July 12, 2011
Scrap Gold Buyer Online In Calgary – Gold Might Not Serve All Time Hedge
Scrap gold buyer online in Calgary, KMG gold also buys thermocouple wire for the precious metal platinum content in it. When it is about the best place to sell your gold jewellery, silver jewelry or other precious metals jewelery, KMG Gold Recycling is the trusted authority, they provide the tradition of excellence with high quality and unparalleled service.
If you think gold will hedge all your other investments you are probably not thinking right. You need to sell your gold and buy gold within decent gold buying prices and gold selling prices and enjoy the periodic profits. The major idea of holding gold and investing in gold is centered round the idea that gold is the principal hedge in investment and to inflation. The common advertisement is that it is a great hedge against inflation.
It is quite significant to understand in practical terms that that gold might not be ideal as a hedging instrument at all times. You need to know that there are some times there are better inflation hedges from the other commodities list that exist and therefore there are people who do not trust just gold and they diversify their investment to all those assets.
There are several National Savings and other investment patterns that one can consider as well. These certificates as well come with a promise of an interest return on a monthly basis. Some of the returns from gold are taxable while in the case of specific nationalized savings it is not taxable and it is permitted tax free.
When considered in terms of other kind of standard investment idea, gold a highly volatile investment idea and the value of the metal can go down when inflation peaks high as well. There is a distinct inter-relationship between Inflation and the price of gold. However, in real time market trends the actual price of gold tends to deviate from its natural trend in quite an unexpected and unpredictable manner that it cannot be termed as the best of the effective hedge.
Several accounting regulators tend to view hedging your investment from a different point of view. From their angle, they say gold is not an as effective hedge. According to principles of hedge accounting, it is very important to choose hedging instruments that fulfills the characteristics needed for hedging. Hedging involves the idea of offsetting the gains and losses that has been incurred on foreign currency that can be with respect to the overall accounting of loans and assets possessed by the individual or company. The end effect of this treatment is that the gains and loss can be posted in terms of the hedging instrument and the eventual result should show up as null if it is a true hedge. Therefore, for gold to play an effective hedge it should qualify in terms of the proportion of investment you allot to gold to precisely see it an effective hedge.
If you think gold will hedge all your other investments you are probably not thinking right. You need to sell your gold and buy gold within decent gold buying prices and gold selling prices and enjoy the periodic profits. The major idea of holding gold and investing in gold is centered round the idea that gold is the principal hedge in investment and to inflation. The common advertisement is that it is a great hedge against inflation.
It is quite significant to understand in practical terms that that gold might not be ideal as a hedging instrument at all times. You need to know that there are some times there are better inflation hedges from the other commodities list that exist and therefore there are people who do not trust just gold and they diversify their investment to all those assets.
There are several National Savings and other investment patterns that one can consider as well. These certificates as well come with a promise of an interest return on a monthly basis. Some of the returns from gold are taxable while in the case of specific nationalized savings it is not taxable and it is permitted tax free.
When considered in terms of other kind of standard investment idea, gold a highly volatile investment idea and the value of the metal can go down when inflation peaks high as well. There is a distinct inter-relationship between Inflation and the price of gold. However, in real time market trends the actual price of gold tends to deviate from its natural trend in quite an unexpected and unpredictable manner that it cannot be termed as the best of the effective hedge.
Several accounting regulators tend to view hedging your investment from a different point of view. From their angle, they say gold is not an as effective hedge. According to principles of hedge accounting, it is very important to choose hedging instruments that fulfills the characteristics needed for hedging. Hedging involves the idea of offsetting the gains and losses that has been incurred on foreign currency that can be with respect to the overall accounting of loans and assets possessed by the individual or company. The end effect of this treatment is that the gains and loss can be posted in terms of the hedging instrument and the eventual result should show up as null if it is a true hedge. Therefore, for gold to play an effective hedge it should qualify in terms of the proportion of investment you allot to gold to precisely see it an effective hedge.
Friday, July 08, 2011
Silverware - Solid Sterling Not Plated
A silver plated item refers to an item that has a thin coating of silver plated onto a base metal. The silver coating can be a few ten-thousandths of an inch and will typically be used over base metal with lower value than silver. On the other hand, a sterling silver item is solid silver, with about 92.5 per cent or more of the pure metal.
In a nutshell therefore, sterling silver carries more pure silver than a silver plated item. Various methods can be used in determining the differences between sterling silver and plated silver. Some of the most effective testing methods include the use of X-Ray Florescence. However, there are other test kits and methods that can as well be used to distinguish between the two.
Silverware typically refers to materials made from silver, whether cutlery or utensils. However, when silver is mixed with other metals, the product is called sterling silver. The mixing of silver with other metals is typically geared towards strengthening it, since silver is a soft, malleable metal. Sterling silver is generally accepted as the Silver Standard globally.
As earlier stated; sterling silver will typically be made of 92.5 per cent pure silver and 7.5 per cent of other base metal. Base metals used in the making of sterling silver include copper, Zinc and platinum. However, copper is a most commonly preferred and widely used base metal. The use of Zinc and Platinum is mostly necessitated by the need to strengthen the silver. Copper is currently used as the standard base metal in sterling silver. Sterling silver carries a hallmark of 925, Stg, Ster, Sterling or Sterling silver. Any items that have no hallmark are silver plated.
Silver plated items have little or no silver in them. Most items of silver in the market, especially lowly priced utensils and cutlery are silver plated and contain very little of pure silver. Silver plated items are therefore not solid and will generally have lesser value and purity levels.
Currently, most of the world’s supply of silver-plate cutlery is made from base metals like copper, zinc and nickel. These base metals will typically be coated with silver layer. Stainless steel items are the most widely used forms ofsilverware. As caution, perhaps it is better to be warned that whereas cutlery or utensils may claim silver content, they may not have any silver at all, or little of the same.
When buying cutlery and utensils, be careful what you buy. The fact that a material is silverware does not mean it contains pure silver. As explained here above, it may actually contain more of base metals such as copper and zinc that actual silver.
In a nutshell therefore, sterling silver carries more pure silver than a silver plated item. Various methods can be used in determining the differences between sterling silver and plated silver. Some of the most effective testing methods include the use of X-Ray Florescence. However, there are other test kits and methods that can as well be used to distinguish between the two.
Silverware typically refers to materials made from silver, whether cutlery or utensils. However, when silver is mixed with other metals, the product is called sterling silver. The mixing of silver with other metals is typically geared towards strengthening it, since silver is a soft, malleable metal. Sterling silver is generally accepted as the Silver Standard globally.
As earlier stated; sterling silver will typically be made of 92.5 per cent pure silver and 7.5 per cent of other base metal. Base metals used in the making of sterling silver include copper, Zinc and platinum. However, copper is a most commonly preferred and widely used base metal. The use of Zinc and Platinum is mostly necessitated by the need to strengthen the silver. Copper is currently used as the standard base metal in sterling silver. Sterling silver carries a hallmark of 925, Stg, Ster, Sterling or Sterling silver. Any items that have no hallmark are silver plated.
Silver plated items have little or no silver in them. Most items of silver in the market, especially lowly priced utensils and cutlery are silver plated and contain very little of pure silver. Silver plated items are therefore not solid and will generally have lesser value and purity levels.
Currently, most of the world’s supply of silver-plate cutlery is made from base metals like copper, zinc and nickel. These base metals will typically be coated with silver layer. Stainless steel items are the most widely used forms ofsilverware. As caution, perhaps it is better to be warned that whereas cutlery or utensils may claim silver content, they may not have any silver at all, or little of the same.
When buying cutlery and utensils, be careful what you buy. The fact that a material is silverware does not mean it contains pure silver. As explained here above, it may actually contain more of base metals such as copper and zinc that actual silver.
Thursday, July 07, 2011
Gold French Francs
The Gold French Francs are the official gold bullion of France. The French 20 Franc Gold rooster was first minted and issued between 1899 and 1914. The gold French francs minted during this period featured the Gallic Rooster, or Coq Gaulois. The Gallic Rooster is one of the French national symbols and has been widely used since the middle ages.
The Gallic Rooster on the gold French Franc perhaps found better usage during the French Revolution. When the Revolution broke out, the Gallic rooster was used as an embodiment of resilience and vigilance. However, the 1830s the rooster was replaced by the fleur-de-lis as French national emblem, until it was reinstated again under Napoleon III.
Today, the Gold French Franc is one of the most common gold grade investment coins in Europe. The Gold French francs perhaps outdo other European coins in investor and collector popularity. The gold coins remain an item of great interest to both bullion investors and coin collectors alike. The French gold coins are some of the most affordable coins in the world.
They also have high quality gold content. France minted its first non-reportable gold coins in 1901.These coins were officially called French roosters. The French government guarantees the inherent value of gold in the coins. The French mint offers the gold coins as exquisite collector’s item and in mint condition.
The gold French 20 franc also features a design of the third French Republic lady head, with the French Revolution motto surrounding her. The Lady Liberty was created in 1870 with the defeat of Napoleon in the Franco-Prussian war. However, the exclusive gold French franc consists of an ounce of gold with a fineness of .900. This fineness reflects a purity of 90 per cent. As a favorite collector’s item, it is very hard to find the gold French francs minted before 1901. The French gold coins had a face value of 20 French francs, but its inherent value reflected that of gold at any one time.
The gold French Franc can be grouped under a small category of world class gold coins that are widely accepted as gold investments. This category also includes gold coins such as the sovereign gold coins and the Swiss gold franc.
Invest in Gold French Francs
With their unique designs, the gold French francs are a viable option when looking to invest in gold. As with any other gold bullion investment, the French Francs effectively cushion against investment losses from inflation and currency erosion. The inherent value of gold does not change, despite price fluctuations.
That is, whereas paper currencies can be corroded by inflation and value lost the inherent value of gold remains intact and prices favorably increase after economic uncertainties. This is the reason behind investor hedging using gold investments.
The Gallic Rooster on the gold French Franc perhaps found better usage during the French Revolution. When the Revolution broke out, the Gallic rooster was used as an embodiment of resilience and vigilance. However, the 1830s the rooster was replaced by the fleur-de-lis as French national emblem, until it was reinstated again under Napoleon III.
Today, the Gold French Franc is one of the most common gold grade investment coins in Europe. The Gold French francs perhaps outdo other European coins in investor and collector popularity. The gold coins remain an item of great interest to both bullion investors and coin collectors alike. The French gold coins are some of the most affordable coins in the world.
They also have high quality gold content. France minted its first non-reportable gold coins in 1901.These coins were officially called French roosters. The French government guarantees the inherent value of gold in the coins. The French mint offers the gold coins as exquisite collector’s item and in mint condition.
The gold French 20 franc also features a design of the third French Republic lady head, with the French Revolution motto surrounding her. The Lady Liberty was created in 1870 with the defeat of Napoleon in the Franco-Prussian war. However, the exclusive gold French franc consists of an ounce of gold with a fineness of .900. This fineness reflects a purity of 90 per cent. As a favorite collector’s item, it is very hard to find the gold French francs minted before 1901. The French gold coins had a face value of 20 French francs, but its inherent value reflected that of gold at any one time.
The gold French Franc can be grouped under a small category of world class gold coins that are widely accepted as gold investments. This category also includes gold coins such as the sovereign gold coins and the Swiss gold franc.
Invest in Gold French Francs
With their unique designs, the gold French francs are a viable option when looking to invest in gold. As with any other gold bullion investment, the French Francs effectively cushion against investment losses from inflation and currency erosion. The inherent value of gold does not change, despite price fluctuations.
That is, whereas paper currencies can be corroded by inflation and value lost the inherent value of gold remains intact and prices favorably increase after economic uncertainties. This is the reason behind investor hedging using gold investments.
Wednesday, July 06, 2011
Gold futures close at a two-week high. Gold tallies two-session win of nearly $47; silver also rallies
KMG Gold
SAN FRANCISCO (MarketWatch) — Gold futures closed at their highest level in two weeks Wednesday, with global-debt troubles helping it tally a two-session win of nearly $47 an ounce.
Gold for August delivery GC1Q -0.06% closed up $16.50, or 1.1%, at $1,529.20 an ounce on the Comex division of the New York Mercantile Exchange. The contract, which earlier touched a high of $1,534.50, marked its highest close since June 22.
Prices jumped more than $30 an ounce in regular trading on Tuesday, buoyed by safe-haven buying as Europe’s debt issues reemerged as a concern for investors.
“The persistent debt problems in both Europe and the U.S. are a big part of gold’s gains this week,” said Peter Grant, senior metals analyst at USAGold-Centennial Precious Metals Inc.
“It’s quickly becoming a question of credibility,” he said. “As the troika flails about trying to mitigate the Greek crisis without creating a default, they erode market confidence. That waning confidence in the troika has resulted in contagion to Portugal in the wake of yesterday’s downgrade.”
On Monday, the Standard & Poor’s credit-rating firm signaled that a plan to roll over Greek-government debt would constitute a “selective default.” Then on Tuesday, Moody’s Investors Services downgraded Portugal’s credit rating by four notches to speculative grade.
Also contributing to gains in gold is the local-government-debt story in China, said Grant: “Investors are worried that if China turns inward to address their own debt woes, it may be at the expense of Europe and America.”
The People’s Bank of China lifted lending and deposit rates 0.25 percentage point on Wednesday, marking the third such adjustment this year. Read about the China rate hike.
Seasonal surge
The focus, however, remains on debt problems in Europe and the U.S.
“Gold’s current strength signals that something’s very seriously amiss on both sides of the Atlantic,” said Adrian Ash, head of research at BullionVault.com, an online service for gold-bullion trading and ownership.
He points out that gold bulls typically take a holiday in July through September, thanks primarily to the seasonal lull in Indian demand but also thanks to the broader “sell in May” drop-off in all financial trading.
“But if Greece, Portugal and the U.S. debt-ceiling ruckus don’t allow that typical pullback to come through, gold prices could run straight onto their very typical autumnal surge,” said Ash. “India’s festive demand will then return, running straight onto China’s heavy New Year gold buying in January/February.”
Debt and jobs data
For now, U.S. and euro-zone debt looks likely to dominate traders’ views in the coming days, but players will also be paying close attention to key U.S. jobs data this week, and to Thursday’s rate meetings by the European Central Bank and Bank of England, said James Moore, analyst at TheBullionDesk.com, in a note to clients Wednesday.
Weekly filings for unemployment benefits are due out from the Labor Department on Thursday, followed by figures on U.S. joblessness and growth in nonfarm payrolls for June on Friday.
Gold prices gained more ground shortly after the Institute for Supply Management said Wednesday that its U.S. services-sector index for June fell to 53.3% from 54.6% in May. Economists surveyed by MarketWatch had expected a dip to 54%; a reading over 50% indicates that more firms in the survey are expanding than contracting.
In other metals action on Wednesday, September silver /quotes/zigman/704345 SI1U +0.09% rallied 51 cents to close at $35.92 an ounce, while September copper HG1U +0.07% declined 0.5 cent to $4.33 per pound.
September palladium PA1U -0.49% finished at $769.15 an ounce, down $4.05, while October platinum PL1V -0.06% declined $2.20 to end at $1,731.20 an ounce.
KMG Gold
SAN FRANCISCO (MarketWatch) — Gold futures closed at their highest level in two weeks Wednesday, with global-debt troubles helping it tally a two-session win of nearly $47 an ounce.
Gold for August delivery GC1Q -0.06% closed up $16.50, or 1.1%, at $1,529.20 an ounce on the Comex division of the New York Mercantile Exchange. The contract, which earlier touched a high of $1,534.50, marked its highest close since June 22.
Prices jumped more than $30 an ounce in regular trading on Tuesday, buoyed by safe-haven buying as Europe’s debt issues reemerged as a concern for investors.
“The persistent debt problems in both Europe and the U.S. are a big part of gold’s gains this week,” said Peter Grant, senior metals analyst at USAGold-Centennial Precious Metals Inc.
“It’s quickly becoming a question of credibility,” he said. “As the troika flails about trying to mitigate the Greek crisis without creating a default, they erode market confidence. That waning confidence in the troika has resulted in contagion to Portugal in the wake of yesterday’s downgrade.”
On Monday, the Standard & Poor’s credit-rating firm signaled that a plan to roll over Greek-government debt would constitute a “selective default.” Then on Tuesday, Moody’s Investors Services downgraded Portugal’s credit rating by four notches to speculative grade.
Also contributing to gains in gold is the local-government-debt story in China, said Grant: “Investors are worried that if China turns inward to address their own debt woes, it may be at the expense of Europe and America.”
The People’s Bank of China lifted lending and deposit rates 0.25 percentage point on Wednesday, marking the third such adjustment this year. Read about the China rate hike.
Seasonal surge
The focus, however, remains on debt problems in Europe and the U.S.
“Gold’s current strength signals that something’s very seriously amiss on both sides of the Atlantic,” said Adrian Ash, head of research at BullionVault.com, an online service for gold-bullion trading and ownership.
He points out that gold bulls typically take a holiday in July through September, thanks primarily to the seasonal lull in Indian demand but also thanks to the broader “sell in May” drop-off in all financial trading.
“But if Greece, Portugal and the U.S. debt-ceiling ruckus don’t allow that typical pullback to come through, gold prices could run straight onto their very typical autumnal surge,” said Ash. “India’s festive demand will then return, running straight onto China’s heavy New Year gold buying in January/February.”
Debt and jobs data
For now, U.S. and euro-zone debt looks likely to dominate traders’ views in the coming days, but players will also be paying close attention to key U.S. jobs data this week, and to Thursday’s rate meetings by the European Central Bank and Bank of England, said James Moore, analyst at TheBullionDesk.com, in a note to clients Wednesday.
Weekly filings for unemployment benefits are due out from the Labor Department on Thursday, followed by figures on U.S. joblessness and growth in nonfarm payrolls for June on Friday.
Gold prices gained more ground shortly after the Institute for Supply Management said Wednesday that its U.S. services-sector index for June fell to 53.3% from 54.6% in May. Economists surveyed by MarketWatch had expected a dip to 54%; a reading over 50% indicates that more firms in the survey are expanding than contracting.
In other metals action on Wednesday, September silver /quotes/zigman/704345 SI1U +0.09% rallied 51 cents to close at $35.92 an ounce, while September copper HG1U +0.07% declined 0.5 cent to $4.33 per pound.
September palladium PA1U -0.49% finished at $769.15 an ounce, down $4.05, while October platinum PL1V -0.06% declined $2.20 to end at $1,731.20 an ounce.
KMG Gold
Tuesday, July 05, 2011
Royal Canadian Mint
The Royal Canadian Mint is the official maker of the Canadian bullion and investment grade coins. The mint produces collectible, investment and bullion coins for various uses. The Mint also produces and issues all of Canada’s daily circulation coins. In addition, the Royal Canadian Mint also mints coinage for a number of foreign countries. The Mint has throughout history designed and produced different coinage from gold, silver, platinum and palladium. However, the Royal Canadian Mint also serves as a gold refinery and offers assaying services.
The Royal Canadian Mint begun in 1908, with the increasing demand for home made Canadian coins. Before then, Canadian coins would be minted in London, at the British Royal Mint. Canada was still a colony of Britain and its circulation cents were minted in Britain from 1858. However, the emergence of Canada as a nation demanded that it produces its own home made coins. To serve this demand, a branch of the British Royal Mint was established in Ottawa in 1901. However, it was not officially opened until 1908.
But even after it was opened and operationalized, the Canadian Mint largely remained an extension of the British Royal Mint until 1931. The Ottawa Mint officially changed its name to the Royal Canadian Mint that year. It was subsequently removed from the British and placed under the Canadian Department of Finance. But even so, the Royal Canadian Mint still largely relied on the British Royal Mint for things such as master tools used in punches and dies when minting. It was only in 1969 that the Royal Canadian Mint was given recognition as a crown corporation. This effectively ended its dependency and ties with the Canadian Department of Finance, making it a self-governing body.
The Royal Canadian Mint has produced collector and commemorative coins, bullion coins, bars, wafers and grain, medals and medallions ever since it was established. As Canada continued to emerge as a nation, there was an increased demand for coinage that saw the establishment of a new mint in Winnipeg. Before the Winnipeg Mint was commissioned in 1976, most of Canada’s 10 cents coins were being produced at the US Philadelphia Mint. The Winnipeg Mint mostly dealt with collector circulation coins while the Ottawa mint dealt with collector coins. However, the Winnipeg mint also doubled up as a mint for foreign countries, having minted currencies for 70 countries to date.
The Royal Canadian mint has produced some notable coins such as the Commemorative 1976 Montreal Olympics coins.
Sell Canadian Coins For Top Dollar
A stash of Canadian coins, whether silver, gold, platinum or palladium can earn you top dollar when sold to reputable refiners. Reputable refiners will pay an average six times more money than middlemen, pawn shops or pawn brokers and jewelers. Sell your gold, silver, palladium or palladium coins for the most money today!
The Royal Canadian Mint begun in 1908, with the increasing demand for home made Canadian coins. Before then, Canadian coins would be minted in London, at the British Royal Mint. Canada was still a colony of Britain and its circulation cents were minted in Britain from 1858. However, the emergence of Canada as a nation demanded that it produces its own home made coins. To serve this demand, a branch of the British Royal Mint was established in Ottawa in 1901. However, it was not officially opened until 1908.
But even after it was opened and operationalized, the Canadian Mint largely remained an extension of the British Royal Mint until 1931. The Ottawa Mint officially changed its name to the Royal Canadian Mint that year. It was subsequently removed from the British and placed under the Canadian Department of Finance. But even so, the Royal Canadian Mint still largely relied on the British Royal Mint for things such as master tools used in punches and dies when minting. It was only in 1969 that the Royal Canadian Mint was given recognition as a crown corporation. This effectively ended its dependency and ties with the Canadian Department of Finance, making it a self-governing body.
The Royal Canadian Mint has produced collector and commemorative coins, bullion coins, bars, wafers and grain, medals and medallions ever since it was established. As Canada continued to emerge as a nation, there was an increased demand for coinage that saw the establishment of a new mint in Winnipeg. Before the Winnipeg Mint was commissioned in 1976, most of Canada’s 10 cents coins were being produced at the US Philadelphia Mint. The Winnipeg Mint mostly dealt with collector circulation coins while the Ottawa mint dealt with collector coins. However, the Winnipeg mint also doubled up as a mint for foreign countries, having minted currencies for 70 countries to date.
The Royal Canadian mint has produced some notable coins such as the Commemorative 1976 Montreal Olympics coins.
Sell Canadian Coins For Top Dollar
A stash of Canadian coins, whether silver, gold, platinum or palladium can earn you top dollar when sold to reputable refiners. Reputable refiners will pay an average six times more money than middlemen, pawn shops or pawn brokers and jewelers. Sell your gold, silver, palladium or palladium coins for the most money today!
Monday, July 04, 2011
Dutch Guilders
The Dutch Guilder was used as currency in the Netherlands for centuries. It was however discontinued in 2002 and replaced by the Euro. The Netherlands used the guilder as the official national subunit of the Euro between 1999 and 2002. The Dutch guilder, as the name indicates, was typically made of gold. ‘Gulden’ is a Dutch name for ‘golden.’
The Netherlands has minted and issued a long line of numerous gold coins throughout its history. The Dutch guilders were issued in different weights and sizes, each carrying varying levels of pure gold. Some Dutch guilders have over one name, a potential cause for confusion.
Some of the Dutch coins produced include 1875 Willem III 10, 1876 to 1889 Willem III 10 Guilders, 1911 to 1917 Wilhelmina 10 Guilders, 1925 to 1933 Wilhelmina 10 Guilders and Ducats.
The various gold coins would have gold content as follows; For the 1 Guilder coin, it would have a gold content of .2652; the 5 Guilder had .0973 gold content; 10 Guilder had .1947 gold content; 20 Guilder had .3894 gold content and the 1 Ducat had .1106 gold content.
The first guilder ever minted was the 10.61 gram silver coin with a silver purity of .910. It was minted and issued by the states of Holland and West Friesland in 1680, all parts of Netherlands Kingdom. This original guilder was further split into 20 stuivers, with each stuiver having 8 duiten or 16 penningen.
The advent of the gold coins effectively replaced the other existing silver coins in the Netherlands Kingdom. Such silver coins included the florijn made up of 28 stuivers, daalder made up of 1½ guilders or 30 stuivers, rijksdaalder made up of 2½ guilders or 50 stuivers, silver ducat made up of 2½ guilders or 50 stuivers and the silver rider ducaton made of 3 guilders or 60 stuivers.
However, the mintage and issue of the guilder was interrupted between 1810 and 1814 when France conquered and annexed the United Netherlands Kingdom. During this period, French Francs were widely circulated in the Netherlands. When the Napoleonic wars ended, the Netherlands reverted back to the use of the guilder. In 1817, the Kingdom decimalized the guilder, making it equivalent to 100 cents. These coins were however later withdrawn from circulation.
The last pre-decimal coins were removed from circulation in the 1840s. Most of these coins dated back to the 17th Century. Originally, the Netherlands operated on a bimetallic standard and a guilder was equivalent to 605.61 milligrams of fine gold, or 9.615 grams of fine silver. However, the silver standard was adjusted to 9.45 grams in 1840, while the gold standard was removed in 1848. In 1875, the Netherlands adopted a gold standard with 1 guilder being equated to 604.8 milligrams of fine gold.