| 09/28/2023 10:15 PM Current Market Spot Prices: | Gold: $1,863.68/ozt | Silver: $22.80/ozt | Platinum: $931.58/ozt | Palladium: $1,312.04/ozt |
Monday, June 19, 2023
Winnipeg Gold Buyer KMG Gold Recycling Open At 1220 Pembina Hwy
Winnipeg, June 19 2023: KMG Gold Recycling remains open at 1220 Pembina Hwy in Winnipeg. Free parking, accessible, vault storage, and 24-hour gold depository. Please visit kmggold.com for hours of operations.
Thursday, December 28, 2017
KMG GOLD RECYCLING OPENS FOURTH LOCATION
January 2, 2018. Winnipeg MB Canada
KMG Gold Recycling opens the doors on its new home, processing facility and head office at 1220 Pembina Hwy in Winnipeg Manitoba Canada. The doors will open January 2, 2018 Monday to Friday, 9:30-5:30
This new building, a former bank complete with impenetrable vault, will be the new head office and processing centre for the world famous, KMG Gold Recycling.
KMG Gold Recycling founder and President, Michael Gupton says the new facility will house a gold depository, silver repository and will have the ability for customers to securely store gold and silver coins, bars, wafers and precious metal items in the first of its kind secure vault. Complete with after hours gold scrap depository services.
KMG recently opened a new gold buying outlet at 1514 Regent Av W, in Transcona, a suburb of Winnipeg, just three months ago.
KMG Gold Recycling started recycling and buying gold, silver, platinum, and palladium in 2007 and fast became the premier, published, and world famous source for the general public to recycle their unwanted gold jewelry, gold and silver coins, junk silver, platinum thermocouple wire, and dental gold such as gold crowns. Their success lies partly in their efforts to educate consumers about the precious metals recycling industry and how they can get the most money for their unwanted gold, silver, platinum and palladium.
KMG Gold Recycling has 4 locations in Canada and the United States. 620 Academy Rd Winnipeg, 1514 Regent Av Winnipeg, 1220 Pembina Hwy Winnipeg, and 1003 S. Washington St Grand Forks ND
Please visit https://www.kmggold.com for updates, locations, hours of operation, and also follow KMG Gold Recycling on Facebook.com/kmggold. Call toll free 1-877-468-2220
KMG Gold Recycling buys, recycles, refines, stores, insures and manufactures precious metals of any kind.
KMG Gold Recycling opens the doors on its new home, processing facility and head office at 1220 Pembina Hwy in Winnipeg Manitoba Canada. The doors will open January 2, 2018 Monday to Friday, 9:30-5:30
This new building, a former bank complete with impenetrable vault, will be the new head office and processing centre for the world famous, KMG Gold Recycling.
KMG Gold Recycling founder and President, Michael Gupton says the new facility will house a gold depository, silver repository and will have the ability for customers to securely store gold and silver coins, bars, wafers and precious metal items in the first of its kind secure vault. Complete with after hours gold scrap depository services.
KMG recently opened a new gold buying outlet at 1514 Regent Av W, in Transcona, a suburb of Winnipeg, just three months ago.
KMG Gold Recycling started recycling and buying gold, silver, platinum, and palladium in 2007 and fast became the premier, published, and world famous source for the general public to recycle their unwanted gold jewelry, gold and silver coins, junk silver, platinum thermocouple wire, and dental gold such as gold crowns. Their success lies partly in their efforts to educate consumers about the precious metals recycling industry and how they can get the most money for their unwanted gold, silver, platinum and palladium.
KMG Gold Recycling has 4 locations in Canada and the United States. 620 Academy Rd Winnipeg, 1514 Regent Av Winnipeg, 1220 Pembina Hwy Winnipeg, and 1003 S. Washington St Grand Forks ND
Please visit https://www.kmggold.com for updates, locations, hours of operation, and also follow KMG Gold Recycling on Facebook.com/kmggold. Call toll free 1-877-468-2220
KMG Gold Recycling buys, recycles, refines, stores, insures and manufactures precious metals of any kind.
Tuesday, February 24, 2015
Counterfeit Gold, Silver Bars? Not At KMG Gold
#Gold has a specific electrical conductivity, so does #silver, #platinum and #palladium. @KMGGold uses an electrical conductivity meter to determine real from counterfeit gold and silver bullion. Some unscrupulous people plate #lead or #titanium with gold and silver trying to pass them off as solid. Lead and titanium have similar densities to gold and silver, but of course, have considerably less value. Our electrical conductivity meter will determine solid or plated, even through the plastic case. https://www.kmggold.com
Monday, February 23, 2015
Silver Price Undervalued: Panties and Underwear Say So
Www.kmggold.com Current #silver prices confound me. They're too low...
The market price of #silver, #gold, and all precious metals, I thought, was always based on supply and demand. However, someone may have their thumb on the prices of #silver...
The levels of silver, a natural, consistent, and complete biocide, are rising in the oceans. Why? Because, for example, manufacturers of underwear put microscopic amounts or silver in the manufacture of panties, socks, and underwear etc. They contain microscopic amounts of silver, used as a biocide to kill the bacteria that cause unsavoury human odours.
That's right, there's silver in your drawers!
Numerous studies have shown that levels of silver in the Atlantic have increased ten fold higher than they used to be. Perhaps caused by the presence of silver used as a biocide, or odour killer in your socks, underwear and panties.
My confusion is based on the premise of supply and demand. If the supply of silver remains constant, and demand goes through the roof... Why is the price of silver still so low?
My underwear demands answers. Heck, my socks wanna know too! Why is the current market price of silver so low?
Silver discoveries have not glutted the market, but demand for odour eating socks and panties have!
Im still confused...
@KMGGold
KMG Gold Recycling
The market price of #silver, #gold, and all precious metals, I thought, was always based on supply and demand. However, someone may have their thumb on the prices of #silver...
The levels of silver, a natural, consistent, and complete biocide, are rising in the oceans. Why? Because, for example, manufacturers of underwear put microscopic amounts or silver in the manufacture of panties, socks, and underwear etc. They contain microscopic amounts of silver, used as a biocide to kill the bacteria that cause unsavoury human odours.
That's right, there's silver in your drawers!
Numerous studies have shown that levels of silver in the Atlantic have increased ten fold higher than they used to be. Perhaps caused by the presence of silver used as a biocide, or odour killer in your socks, underwear and panties.
My confusion is based on the premise of supply and demand. If the supply of silver remains constant, and demand goes through the roof... Why is the price of silver still so low?
My underwear demands answers. Heck, my socks wanna know too! Why is the current market price of silver so low?
Silver discoveries have not glutted the market, but demand for odour eating socks and panties have!
Im still confused...
@KMGGold
KMG Gold Recycling
Friday, August 15, 2014
It's the middle of August, What's Up...or down with Gold?
Another back and forth day in the metals market as another piece of temporarily disconcerting economic news rallied the market early but was offset later on in the day by some conciliatory remarks by Vladimir Putin which was interpreted to slightly diffuse the Ukrainian crisis and help to lift the equity markets.
Opening at $1313 in Asia, gold initially moved lower to $1311.50 but recovered nicely through their afternoon and the early European hours to $1316.50. Poor economic reports out of the Euro Zone (GDP 0.0%) and month on month CPI (-0.7% - year over year 0.4%)) renewed calls for increased stimulus and put pressure on gold later in the session, pushing the metal down to $1309 prior to the New York open.
A higher than expected Jobless Claims number of 311K (cons. 295K) caught the market by surprise given the recent constructive readings of the last few months. Gold quickly rose to the intra-day high of $1319 as the U.S. Dollar also took a hit on the news. Retreating back to $1312 on comments by Putin that Russia would defend itself, but should not "fence itself off from the outside world", triggered quick profit taking in a thin summer market. The metals settled in to an afternoon trading range, covering either side of a $1311.50 - $1314.50 more than once. Gold finished quietly at $1312.80. www.kmggold.com
Wednesday, April 16, 2014
Gold Market Takes A Hit
www.kmggold.com April 15, 2014.
The Precious Metals Market had a rather rough day today, falling about 2% in value after coming under pressure from a higher U.S. Dollar, a slightly rebounding equity market and a general consensus that demand for gold out of China is going to be weaker than anticipated.
From the Far East opening at $1321, gold sold off steadily through the session, falling $10 down to the $1310 level. Europe followed suit, continuing the slide to $1303 and the New York opening. The market was hit hard early in NY, triggering some large stop loss selling at around the $1300 level, falling within minutes to its low of $1285-$1290 in hectic activity.
Gold finally got its footing on some bargain hunting and some more tough talk from the Ukraine. It finally got back above $1300 slightly after the Second London fixing, and traded cautiously through the remainder of the session between $1301 and $1305. It finished the day with a decided lack of bluster at $1302.
The market apparently felt economic factors weighed more on the market than current geopolitical events. Gold fell through the 200 day moving average of $1300, although closing above $1300 again is a step in the right direction. CPI came in above expectations at +0.2% (hint of inflation?) but the Empire (NY) Mfg. Index disappointed at a mere 1.29 (cons. 7.50).
Housing starts tomorrow at 8:30am (cons. 965K units) and a 9:15am Industrial Production number (cons +0.4%) should further indicate how the economy is shaking off its long term doldrums. At very long last, these numbers should be about the last items tainted by the “winter” effect, which has been blamed for skewing the last couple of months of data.
Disclaimer –
Statements of news and current events on this web site, and financial, economic, political and market information on this web site (individually and collectively “Content”) are not intended to and do not constitute investment advice and are not intended to and do not constitute a prediction of the future course of the economy or the market for precious metals. The accuracy, completeness, adequacy or currency of the Content is not warranted or guaranteed in any way. Your use of Content on this web site or materials linked from this web site is at your own risk.
www.kmggold.com
The Precious Metals Market had a rather rough day today, falling about 2% in value after coming under pressure from a higher U.S. Dollar, a slightly rebounding equity market and a general consensus that demand for gold out of China is going to be weaker than anticipated.
From the Far East opening at $1321, gold sold off steadily through the session, falling $10 down to the $1310 level. Europe followed suit, continuing the slide to $1303 and the New York opening. The market was hit hard early in NY, triggering some large stop loss selling at around the $1300 level, falling within minutes to its low of $1285-$1290 in hectic activity.
Gold finally got its footing on some bargain hunting and some more tough talk from the Ukraine. It finally got back above $1300 slightly after the Second London fixing, and traded cautiously through the remainder of the session between $1301 and $1305. It finished the day with a decided lack of bluster at $1302.
The market apparently felt economic factors weighed more on the market than current geopolitical events. Gold fell through the 200 day moving average of $1300, although closing above $1300 again is a step in the right direction. CPI came in above expectations at +0.2% (hint of inflation?) but the Empire (NY) Mfg. Index disappointed at a mere 1.29 (cons. 7.50).
Housing starts tomorrow at 8:30am (cons. 965K units) and a 9:15am Industrial Production number (cons +0.4%) should further indicate how the economy is shaking off its long term doldrums. At very long last, these numbers should be about the last items tainted by the “winter” effect, which has been blamed for skewing the last couple of months of data.
Disclaimer –
Statements of news and current events on this web site, and financial, economic, political and market information on this web site (individually and collectively “Content”) are not intended to and do not constitute investment advice and are not intended to and do not constitute a prediction of the future course of the economy or the market for precious metals. The accuracy, completeness, adequacy or currency of the Content is not warranted or guaranteed in any way. Your use of Content on this web site or materials linked from this web site is at your own risk.
www.kmggold.com
Wednesday, April 02, 2014
Gold Bullion from Around the World
Just like the silver bullion that makes its way into KMG Gold, gold bullion is another popular item for us. Since we buy and sell gold bullion in all shapes and sizes, we have a lot of interested customers who purchase the gold bullion as a form of investment. As we mentioned in our last post about silver bullion, many investors prefer to purchase bullion in precious metal form because it protects against inflation and deflation.
Gold bullion coins and bars can be sold in many different ounces and come from various mints or mines from around the world. Gold coins vary anywhere in purity from .900 to .9999 and different mints have changed the gold content of the gold coins throughout the years. They are sold for more than their face value because of their high gold content so their face value is merely symbolic on the coins.
Here are some of the world's most popular gold bullion coins:
KMG Gold often has a few of these different types of gold bullion coins (along with some bars) in stock at any given time, so just give us a call and we'll let you know what we have available for purchase!
Gold bullion coins and bars can be sold in many different ounces and come from various mints or mines from around the world. Gold coins vary anywhere in purity from .900 to .9999 and different mints have changed the gold content of the gold coins throughout the years. They are sold for more than their face value because of their high gold content so their face value is merely symbolic on the coins.
Here are some of the world's most popular gold bullion coins:
- USA - Gold Eagle. Released by the United States Mint in 1986. The Mint also produces the American Buffalo and Double Eagle gold bullion coins.
- Canada - Gold Maple Leaf. Released by the Royal Canadian Mint in 1979.
- Australia - Gold Nugget. Released by the Perth Mint in 1986. One of the few countries which changes the coin's design every year. The Perth Mint also produces the Lunar Series I (1996-2007) and II (2008-2019) coins.
- China - Gold Panda. Released by the People's Republic of China in 1982. One of the few countries which changes the coin's design every year.
- United Kingdom - Gold Britannia and Sovereign. Released by the Royal Mint in 1887 and has been released off and on again through the present.
- Mexico - Gold Libertad. Released by the Mexican Mint in 1981.
- Austria - Gold Philharmoniker. Released by the Austrian Mint in 1989.
- Russia - George the Victorious. Released by the Saint Petersburg Mint in 2006.
KMG Gold often has a few of these different types of gold bullion coins (along with some bars) in stock at any given time, so just give us a call and we'll let you know what we have available for purchase!
Wednesday, March 26, 2014
Cutest Coins Ever Made? Anne Geddes For the New Zealand Mint
Photographer Anne Geddes has been long known for her adorable pictures of babies who are often photographed dressed as fairies, fairytale creatures, flowers and little animals. Her images have been published in books and calendars in 83 counties, and Geddes has proven herself to be a savvy photographer, clothing designer and businesswoman. Born in Australia and now living in New Zealand, Geddes has created a limited edition collection of coins for the New Zealand Mint.
Each of the four coins depicts a baby in typical Anne Geddes style - very cute, curdled up and sleeping! Each coin comes has a face value of $2 and is made of 999 fine silver. The first two coins in the collection were issued in 2012 (the babies sleeping on and in flowers) with additional ones issued in 2013 (baby in a cocoon) and 2014 (Christmas themed).
Sadly KMG Gold doesn't have any of these awesome coins in stock, but we promise we sell a wide range of other (slightly less cute) coins and bullion!
Each of the four coins depicts a baby in typical Anne Geddes style - very cute, curdled up and sleeping! Each coin comes has a face value of $2 and is made of 999 fine silver. The first two coins in the collection were issued in 2012 (the babies sleeping on and in flowers) with additional ones issued in 2013 (baby in a cocoon) and 2014 (Christmas themed).
Sadly KMG Gold doesn't have any of these awesome coins in stock, but we promise we sell a wide range of other (slightly less cute) coins and bullion!
Wednesday, March 12, 2014
Silver Bullion From Around the World
Silver bullion coins are very popular here at KMG Gold, with many people seeking them out as a form of safe investment. Many investors prefer silver (and gold) bullion to cash because they protect against inflation and deflation.
Although silver isn't typically used in currency anymore (Mexico is the only country that uses very small amounts in its coins), mints around the world produce their own silver bullion coins that investors and collectors enjoy. Oftentimes, with each new issue of the silver bullion coin in a year, the design will vary slightly but still obtain the coin's original theme.
Silver bullion coins and bars can be sold in many different ounces and come from various mints or mines from around the world. These silver coins and bars are typically 99.9% pure and labelled with ".999". They are sold for more than their face value because of their high silver content, for example, the United States 999-fine Silver Eagle bullion coin only has a face value of one dollar.
Here are some of the world's most popular silver bullion coins:
Although silver isn't typically used in currency anymore (Mexico is the only country that uses very small amounts in its coins), mints around the world produce their own silver bullion coins that investors and collectors enjoy. Oftentimes, with each new issue of the silver bullion coin in a year, the design will vary slightly but still obtain the coin's original theme.
Silver bullion coins and bars can be sold in many different ounces and come from various mints or mines from around the world. These silver coins and bars are typically 99.9% pure and labelled with ".999". They are sold for more than their face value because of their high silver content, for example, the United States 999-fine Silver Eagle bullion coin only has a face value of one dollar.
Here are some of the world's most popular silver bullion coins:
- USA - Silver Eagle. Released by the United States Mint in November 1986 and has a face value of $1.
- Canada - Silver Maple Leaf. Released by the Royal Canadian Mint in 1988 and has a face value of $5.
- Australia - Silver Kookaburra. Released by the Perth Mint in 1990 and the one troy ounce coin has a face value of $1. Australia also has a Silver Kangaroo which was first minted by the Royal Australian Mint in 1993 and has a face value of $1.
- China - Silver Panda. Released by the People's Republic of China in 1983 and comes in various sizes with various face values. The one troy ounce coin has a face value of 10 Yuan.
- Britain - Silver Britannia. Released by the Royal Mint in 1997 and has a face value of 2 pounds.
- Mexico - Silver Libertad. Released by the Mexican Mint in 1982. These coins do not have a face value.
- Austria - Silver Vienna Philharmonic. Released by the Austrian Mint in 2008 and has a face value of 1.50 Euro.
- Russia - George the Victorious. Released by the Saint Petersburg Mint in 2009 and has a face value of 3 rubles.
Monday, July 15, 2013
Dwindling Gold Inventories and the Rising Sentiments in Gold
www.kmggold.com The U.S. Comex gold futures surged 2.73 percent in the past two days to $1,279.90 on Thursday while the dollar index suffered a loss of 2.17 percent. The CRB Commodities index, the S&P 500 index, and the Euro Stoxx 50 index have rebounded 1.01 percent, 1.37 percent and 0.64 percent respectively on Wednesday and Thursday.
The U.S. 10-year government bond yield rallied about 6bp in the same period.
Bounce After Bernanke
The U.S. Fed's speech, rather than the FOMC minutes, has moved the markets. Bernanke spoke after the market close on Wednesday, saying that the U.S. economy desires a highly accommodative monetary policy for the foreseeable future. The Fed wants to tell the markets that tapering the QE programme does not equate to tightening the monetary policy, or raising the interest rates.
The FOMC minutes reviewed that many Fed governors would like to see more signs of improvement in jobs before agreeing to tapering. Both risky assets and gold reacted positively to the dovish comments by the Fed. The most recent weekly jobless claims in the U.S. unexpectedly rose by 16,000 to 360,000. Equities also got a boost after the Bank of Japan has said that Japan is recovering moderately, and has upgraded its growth forecast for seven consecutive months.
Paper Investments versus Physical Demand
The CFTC reported that net short positions by speculators reached a record high of 129,616 contracts as of 2 July. On July 11, Bloomberg calculated that gold-backed ETP holdings fell to 1,986.47 tons, the lowest level in three years. At the same time, physical demand has been improving.
The Comex gold inventories have been depleting fast because the physical buyers in Asia have been taking delivery of gold. The total Comex and Nymex gold inventories have declined from 11 million troy ounces in February 2013 to about 7.1 million troy ounces in July, with the big drop in April and July this year.
According to Standard Chartered, the one-month borrowing cost for gold rose to 0.3038 percent on 10 July, back to the level of December 2008. If the market realizes that the Fed is still very accommodative, and the demand for jewellery, bars and coins continues to rise, then the gold shorts will likely be squeezed hard.
What to Watch
We will monitor China's Q2 GDP, June industrial production and fixed asset investments in addition to the June U.S. retail sales on 15 July, the U.S. June CPI and industrial production on 16 July as well as Fed Bernanke's speech and the U.S. weekly jobless claims on 17 July. www.kmggold.com
The U.S. 10-year government bond yield rallied about 6bp in the same period.
Bounce After Bernanke
The U.S. Fed's speech, rather than the FOMC minutes, has moved the markets. Bernanke spoke after the market close on Wednesday, saying that the U.S. economy desires a highly accommodative monetary policy for the foreseeable future. The Fed wants to tell the markets that tapering the QE programme does not equate to tightening the monetary policy, or raising the interest rates.
The FOMC minutes reviewed that many Fed governors would like to see more signs of improvement in jobs before agreeing to tapering. Both risky assets and gold reacted positively to the dovish comments by the Fed. The most recent weekly jobless claims in the U.S. unexpectedly rose by 16,000 to 360,000. Equities also got a boost after the Bank of Japan has said that Japan is recovering moderately, and has upgraded its growth forecast for seven consecutive months.
Paper Investments versus Physical Demand
The CFTC reported that net short positions by speculators reached a record high of 129,616 contracts as of 2 July. On July 11, Bloomberg calculated that gold-backed ETP holdings fell to 1,986.47 tons, the lowest level in three years. At the same time, physical demand has been improving.
The Comex gold inventories have been depleting fast because the physical buyers in Asia have been taking delivery of gold. The total Comex and Nymex gold inventories have declined from 11 million troy ounces in February 2013 to about 7.1 million troy ounces in July, with the big drop in April and July this year.
According to Standard Chartered, the one-month borrowing cost for gold rose to 0.3038 percent on 10 July, back to the level of December 2008. If the market realizes that the Fed is still very accommodative, and the demand for jewellery, bars and coins continues to rise, then the gold shorts will likely be squeezed hard.
What to Watch
We will monitor China's Q2 GDP, June industrial production and fixed asset investments in addition to the June U.S. retail sales on 15 July, the U.S. June CPI and industrial production on 16 July as well as Fed Bernanke's speech and the U.S. weekly jobless claims on 17 July. www.kmggold.com
Tuesday, September 06, 2011
Gold Prices
The London Gold Fixing is the most common benchmark for the price of gold. The London Gold Fix refers to a twice daily telephone meeting of committee members from five bullion trading companies on the London Bullion market.
Representatives from the five firms meet twice daily to set the price of gold bullion. However, gold trading goes on world over based on the intra-day spot price, which is typically taken from over-the-counter gold-trading markets globally.
Recent Price Increases
The recent increase in the price of gold can perhaps be traced back to 2008, when the gold price went above US$1,000 to peak at US$1,004.38. However, after the March 2008 increase, Gold prices once again fell to a low of US$712.30 per ounce.
But it wasn’t long before the prices begun to rise again in late February 2009. Towards this time, the gold price provisionally went above US$1000 but later experienced a slight decline towards the end of the first quarter of 2009. By the end of 2009, the earlier March intra-day spot price record of US$1,033.90 was surpassed numerous times in October.
The price of gold effectively began climbing new highs in late 2009, peaking at about US$1226 before a sudden slight decline. However, as of August 19, 2011, the price of gold had peaked at a new all time high of US$1852.00 at the London Gold Fix.
A number of factors account for the fluctuating price of Gold.
Like any other goods, the price of gold is largely determined by speculation, supply and demand. On the one hand though, saving and disposal also affect greatly the price of gold more than its consumption. The fact is, most of the world’s gold ever mined can be found in bullion bars or jewelry, but with minimal value in terms of gold’s fine weight. As of the end of 2006, estimates indicate that all gold ever mined globally summed up to 158,000 tons.
Considering the fact that vast amounts of gold are stored above ground than annual gold production, the gold price is mainly driven by alternating sentiment (demand), as opposed to annual production (supply).
Estimates from the World Gold Council indicate that annual mine production of gold in recent years has been around 2,500 tons. Out of this amount, about 2,000 tons goes into the jewelry and dental industry and a further 500 tons is used by retail investors and exchange traded gold funds.
There has never been a better time to sell gold given the high price of gold currently in the international bullion market. Generally, the price of gold has also historically gone up in uncertain economic situations, such as inflation, as investors rush to hedge against financial losses.
Representatives from the five firms meet twice daily to set the price of gold bullion. However, gold trading goes on world over based on the intra-day spot price, which is typically taken from over-the-counter gold-trading markets globally.
Recent Price Increases
The recent increase in the price of gold can perhaps be traced back to 2008, when the gold price went above US$1,000 to peak at US$1,004.38. However, after the March 2008 increase, Gold prices once again fell to a low of US$712.30 per ounce.
But it wasn’t long before the prices begun to rise again in late February 2009. Towards this time, the gold price provisionally went above US$1000 but later experienced a slight decline towards the end of the first quarter of 2009. By the end of 2009, the earlier March intra-day spot price record of US$1,033.90 was surpassed numerous times in October.
The price of gold effectively began climbing new highs in late 2009, peaking at about US$1226 before a sudden slight decline. However, as of August 19, 2011, the price of gold had peaked at a new all time high of US$1852.00 at the London Gold Fix.
A number of factors account for the fluctuating price of Gold.
Like any other goods, the price of gold is largely determined by speculation, supply and demand. On the one hand though, saving and disposal also affect greatly the price of gold more than its consumption. The fact is, most of the world’s gold ever mined can be found in bullion bars or jewelry, but with minimal value in terms of gold’s fine weight. As of the end of 2006, estimates indicate that all gold ever mined globally summed up to 158,000 tons.
Considering the fact that vast amounts of gold are stored above ground than annual gold production, the gold price is mainly driven by alternating sentiment (demand), as opposed to annual production (supply).
Estimates from the World Gold Council indicate that annual mine production of gold in recent years has been around 2,500 tons. Out of this amount, about 2,000 tons goes into the jewelry and dental industry and a further 500 tons is used by retail investors and exchange traded gold funds.
There has never been a better time to sell gold given the high price of gold currently in the international bullion market. Generally, the price of gold has also historically gone up in uncertain economic situations, such as inflation, as investors rush to hedge against financial losses.
Thursday, August 18, 2011
Buying Gold Bullion In Winnipeg
There has been a drastic increase in gold investment in the city of Winnipeg. People often chose to invest the spare cash they have into gold and then liquidate it when prices rise. Like other cities in Canada such as Calgary, Vancouver, Montreal, Victoria etc, Winnipeg is also becoming the hub of gold trading. Buying Canadian gold bullions can lead to a variety of options for people in regard to investment. As there is no lock period for the purpose of liquidating your investment, you can sell your gold when you want.
People reap certain benefits when they purchase gold:
• It is said to be the safest and most reliable form of investment, because the gold bullion is offered to people by the government. A variety of options are offered by the Canadian Mint for to invest in gold bullion. When you want to buy gold, you have the option of public or private parties. Trading is conducting with the help of spot prices but premium may also be charged. A Winnipeg gold buyer should remember that for gold investment, there are numerous ways. There are different ways to invest in gold so it is not necessary to purchase gold bullion.
• People can make use of the internet to make an online purchase and thus make an investment in gold. In this manner, people can use gold as a means of trading as they will not get their hands on tangible gold but it will instead be available in the form of stock or a commodity. But this is only applicable in situations where gold is bought for investment purposes.
• For people who are newcomers in the market and are making gold investments for the first time, there are literature and magazines which can offer all the necessary information about the gold market and explain its trends which can lead to better decision making. Reading them will be helpful in comprehending the moods and trends of the market and will help people in deciding the correct time for making or selling investments.
To earn top dollar as a buyer, one needs to spend time in educating oneself about the trends of the market and the different trading strategies which are used and will eventually allow you to get higher returns from your investment. If one wants good results, then for starters, small investments should be used and once people have analyzed and understood the market conditions and trends, huge investments can be made. To make a great profit in a short time, people can make large investments once they have gained confidence. The most liquid and highly paying investment is gold. But it requires large investments so one should be cautious. Before investing in private parties, people should get feedback from old clients and research it thoroughly. Before entering the market, one should be aware of the trends and political conditions.
People reap certain benefits when they purchase gold:
• It is said to be the safest and most reliable form of investment, because the gold bullion is offered to people by the government. A variety of options are offered by the Canadian Mint for to invest in gold bullion. When you want to buy gold, you have the option of public or private parties. Trading is conducting with the help of spot prices but premium may also be charged. A Winnipeg gold buyer should remember that for gold investment, there are numerous ways. There are different ways to invest in gold so it is not necessary to purchase gold bullion.
• People can make use of the internet to make an online purchase and thus make an investment in gold. In this manner, people can use gold as a means of trading as they will not get their hands on tangible gold but it will instead be available in the form of stock or a commodity. But this is only applicable in situations where gold is bought for investment purposes.
• For people who are newcomers in the market and are making gold investments for the first time, there are literature and magazines which can offer all the necessary information about the gold market and explain its trends which can lead to better decision making. Reading them will be helpful in comprehending the moods and trends of the market and will help people in deciding the correct time for making or selling investments.
To earn top dollar as a buyer, one needs to spend time in educating oneself about the trends of the market and the different trading strategies which are used and will eventually allow you to get higher returns from your investment. If one wants good results, then for starters, small investments should be used and once people have analyzed and understood the market conditions and trends, huge investments can be made. To make a great profit in a short time, people can make large investments once they have gained confidence. The most liquid and highly paying investment is gold. But it requires large investments so one should be cautious. Before investing in private parties, people should get feedback from old clients and research it thoroughly. Before entering the market, one should be aware of the trends and political conditions.
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.
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.
Saturday, March 19, 2011
World-Renowned Bullion Products and an Accredited ISO 9001 Gold and Silver Refinery Facility
The Royal Canadian Mint's bullion products are universal symbols of innovation, ingenuity and excellence. At the heart of our distinctive line of bullion products is our collection of Maple Leaf bullion coins in gold, silver, platinum and palladium - all guaranteed by the Government of Canada for weight and purity.
The Royal Canadian Mint also operates one of the most technically advanced and respected gold and silver refineries in the world. Our accredited ISO 9001 facility offers a variety of client services.
World Firsts. World Records.
To reach new heights of achievement for expertise, craftsmanship and can-do spirit, the Mint crafted the world's first 100-kg, 99999 pure gold bullion coin with a face value of $1 million. This coin was later recognized by Guinness World Records to be the world's largest gold coin.
Purchasing Bullion | Bullion Products | Refinery Services
Wondering how to purchase bullion?
How to purchase bullion
Our bullion products can be purchased through banks, coin dealers, foreign currency exchange offices, and brokerage houses worldwide. Choosing your best purchasing avenue is a personal decision. Here are some points to consider prior to selling or buying bullion:
•Are you dealing with a reputable vendor/advisor that understands the bullion market?
•Is the vendor/advisor well established with a history of satisfied clients?
•Have you remembered the importance of looking at more than one vendor/advisor to get competitive quotes?
•What policies are in place to ensure your satisfaction for buying or selling bullion?
Pricing
Prices of gold and silver bullion products are based on international market rates which vary daily, as well as supply and demand. Be prepared for a reasonable premium to be charged over the daily spot quotations to cover manufacturing, transportation and distribution costs.
Purchasing Bullion | Bullion Products | Refinery Services
Universally recognized for quality and purity
Gold and other bullion products from the Royal Canadian Mint are universally recognized for their quality and purity. The Mint refines and produces Maple Leaf bullion coins, gold kilo bars, trade bars and gold wafers - all struck with their weight and purity. Our bullion coins are also recognized as legal tender in Canada.
Gold
Our Gold Maple Leaf coins are the world's most popular pure gold coin. Since their introduction in 1979, over 20 million troy ounces have been sold. As the first bullion coin to achieve the heightened standard of 9999 fine, the Gold Maple Leaf is available in five weights from one-twentieth of an ounce to one troy ounce. Also of special interest are the one ounce gold bullion coins celebrating the Vancouver 2010 Olympic Winter Games and our 99999 Gold Maple Leaf.
Silver
Encouraged by the success of the Gold Maple Leaf, the Mint introduced Silver Maple Leaf Coins in 1988. The Silver Maple Leaf is minted with one troy ounce of 9999 fine silver. The coin has a face value of $5, the highest face value of any comparable silver bullion coin. Also of special interest are the one ounce silver bullion coins celebrating the Vancouver 2010 Olympic Winter Games.
Platinum
Introduced by popular demand in 1988 are the Mint's one troy ounce Platinum Maple Leaf coins with a face value of $50.
Palladium
Introduced in 2005 the Palladium Maple Leaf coins with a face value of $50. This popular one troy ounce coin is made with 9995 pure palladium.
Purchasing Bullion | Bullion Products | Refinery Services
The Royal Canadian Mint also operates one of the most technically advanced and respected gold and silver refineries in the world. Our accredited ISO 9001 facility offers a variety of client services.
World Firsts. World Records.
To reach new heights of achievement for expertise, craftsmanship and can-do spirit, the Mint crafted the world's first 100-kg, 99999 pure gold bullion coin with a face value of $1 million. This coin was later recognized by Guinness World Records to be the world's largest gold coin.
Purchasing Bullion | Bullion Products | Refinery Services
Wondering how to purchase bullion?
How to purchase bullion
Our bullion products can be purchased through banks, coin dealers, foreign currency exchange offices, and brokerage houses worldwide. Choosing your best purchasing avenue is a personal decision. Here are some points to consider prior to selling or buying bullion:
•Are you dealing with a reputable vendor/advisor that understands the bullion market?
•Is the vendor/advisor well established with a history of satisfied clients?
•Have you remembered the importance of looking at more than one vendor/advisor to get competitive quotes?
•What policies are in place to ensure your satisfaction for buying or selling bullion?
Pricing
Prices of gold and silver bullion products are based on international market rates which vary daily, as well as supply and demand. Be prepared for a reasonable premium to be charged over the daily spot quotations to cover manufacturing, transportation and distribution costs.
Purchasing Bullion | Bullion Products | Refinery Services
Universally recognized for quality and purity
Gold and other bullion products from the Royal Canadian Mint are universally recognized for their quality and purity. The Mint refines and produces Maple Leaf bullion coins, gold kilo bars, trade bars and gold wafers - all struck with their weight and purity. Our bullion coins are also recognized as legal tender in Canada.
Gold
Our Gold Maple Leaf coins are the world's most popular pure gold coin. Since their introduction in 1979, over 20 million troy ounces have been sold. As the first bullion coin to achieve the heightened standard of 9999 fine, the Gold Maple Leaf is available in five weights from one-twentieth of an ounce to one troy ounce. Also of special interest are the one ounce gold bullion coins celebrating the Vancouver 2010 Olympic Winter Games and our 99999 Gold Maple Leaf.
Silver
Encouraged by the success of the Gold Maple Leaf, the Mint introduced Silver Maple Leaf Coins in 1988. The Silver Maple Leaf is minted with one troy ounce of 9999 fine silver. The coin has a face value of $5, the highest face value of any comparable silver bullion coin. Also of special interest are the one ounce silver bullion coins celebrating the Vancouver 2010 Olympic Winter Games.
Platinum
Introduced by popular demand in 1988 are the Mint's one troy ounce Platinum Maple Leaf coins with a face value of $50.
Palladium
Introduced in 2005 the Palladium Maple Leaf coins with a face value of $50. This popular one troy ounce coin is made with 9995 pure palladium.
Purchasing Bullion | Bullion Products | Refinery Services
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