Sunday, April 26, 2009
Tuesday, April 14, 2009
Friday, March 27, 2009
Gold has a place in history regardless of the country of origin. Perhaps it has to do with the fact that gold is seen as a common currency in every country in the world. Gold sees no boundaries. History states that gold coins have been minted since around 670 BC when King Gyges of Turkey minted some gold coins for his personal currency when traveling. The Roman Legions were apprehensive when Julius Caesar first issued gold coins as payment for their service. However, the tune soon changed when the legions realized that the gold coins actually increased in value.
Today, bouillon gold coins have a face value that is pretty much just symbolic. The true value of a gold bouillon is the gold weight by content and the ever-fluctuating price of gold on the world market. A one-ounce gold coin is worth the market value of one ounce of gold minus around 5% for minting and shipping. Of course, bouillon coins come in various common weights: 1/20 of an ounce, 1/10 of an ounce, 1/4 of an ounce, 1/2 of an ounce and finally a one-ounce coin. Gold bouillon is a legal tender and gold coins are guaranteed authentic by the country of origin. Almost anyone can purchase and sell gold coins because of the diverse market acceptance.
1489, King Henry VII introduced the first gold currency into the world market. In Britain during World War I, Britain issues banknotes because gold bouillon was needed to finance the war. Soon, these banknotes completely replaced the use of gold sovereign. The gold sovereign ceased gold mint production in 1917 and started again in 1925. Then production was stopped for World War I and restarted in 1957.
There are many famous finds of gold in various regions of the world. These gold finds caused huge gold rushes. Gold rushes caused large amounts of people to migrate to these areas. Such places as the Klondike Gold Rush of Alaska, which occurred at Forty-Mile creek in 1886. In August of 1869, gold was then discovered at Bonanza Creek - a part of Klondike River, Yukon Territory. In the one-year starting in the winter of 1896 and ending in 1897, miners pulled out millions of dollars in gold bouillon. In the year 1915, over $50 million USD was exported from Alaska to the United States. The 1898 gold rush was a modern event. With the addition of media, the gold rush had world wide media coverage. This media coverage sent people rushing to the gold locations.
The history of gold is an amazing display of human endurance. It is estimated that only 120 to 140 thousand tons of gold is available above ground. Surprisingly, there is only $1.8 trillion USD total in gold above the ground. Compare that to the total US debt of almost $7 trillion USD. In addition, only $375 billion USD is held in reserves at banks around the world; $1.3 trillion USD in gold is owned by private parties.
A gold pendant is an ornament or charm (worn for protective or magical power) made of gold that hangs from a cord or chain worn around the neck. Even Necklaces have pendants.
Practical tips to purchase Gold Pendants?
Most gold jewelry manufactured in the U.S. is marked ''14K'' which means that the actual gold content in it is 58.3 percent. As pure gold is designated as 24-karat; hence, a 14-karat item consists of 14 parts gold and 10 parts of another metal known as an alloy which works out to 58.3 percent pure, unalloyed gold. The added alloy serves two purposes - They make the jewellery durable and reduce the prices greatly thereby making it affordable too.?
Sometimes gold pendants also come with the marking ''14KP''. Here ''P'' stands for plumb, meaning the pendant is exactly 14 parts pure gold. ?
On the other hand if a gold pendant is engraved ''999'' it means it is a pure gold pendant which equivalent to 24-karat gold. ''999'' is the European designation for pure gold. Also sometimes more plentifully available in the market are European-manufactured pendants marked ''750'' which is equivalent to 18-karat or 75 percent pure gold. Actually, it is the 14K gold that is much popular in the US.?
The heft or weightiness of a gold item is measured in terms of Pennyweight. One troy ounce equals 20 pennyweights which equals 31.1 grams. Ounces and grams are the most common weights used in the U.S. and when you see prices quoted on pendants, such as $20 per gram it should be kept in mind that finished items, such as jewelry, have an artistic value that may be actually greater than the actual value of gold in it. ?
Interestingly there are a few who would like to buy Gold in colors other than its natural yellow color which also has become quite a fashion. The most popular is the green gold. When gold is alloyed with metal combos like silver, zinc and copper, these metals contribute a subtle greenish tint. Only Copper is used to make pink gold and nickel is often used in white gold.?
Gold-plated items contain very thin topcoats of gold of about seven-millionths of an inch in thickness. Some better quality gold-plated items may also have more than the minimal 0.000007inch coating.?
Rules prescribe that the gold filling of an item should be at least 1/20 or 5 percent of the total weight of the item. Gold content must be stamped on items -- for example: 1/20 14K GF means the gold content is 14-karat and makes up one-twentieth of the total weight of the item.
Gold in the history of mankind has always been the standard of wealth and prosperity. Back in the beginning of time, gold symbolizes affluence. Mankind has always been enthralled by this precious metal through the wearing of jewelry, of precious love through a wedding ring, or of wealth as demonstrated by stories of gold bullion hoarded or stolen.
In the present day, gold is considered by many to be a safe investment amongst the dizzying array of financial investment tools. Today's market stocks rise and fall in response to economic forecasts, company performances, and world situations. The risks are generally high. Only gold can hold its weight on its own and can not be influenced as much as the world situations.
One way to do gold investing is to start gold coin collecting. The value of your collection are determined on the coin's condition, the history and their uniqueness.
Plus, there are other specific financial benefits to gold coin collecting:
Inherent Value
Gold has historically been the de-facto standard that reflects wealth since the beginning of time, and this is true both for the individual, as well as the nations of the world. The value of gold is inherent in this precious metal as gold continues to play a key role as part of the reserves held by central banks, nations and supranational organizations such as the IMF.
Gold cannot be duplicated or be manufactured by man as it is a resource and often, when stocks rise and fall, the value and steadiness of gold remains constant. Besides, gold is durable and cannot be created nor can it be destroyed; therefore, collecting gold coins is an exciting and fairly secure investment.
Portfolio
So how should you determine your portfolio? Gold coin collecting is financially characterized as being a safe and steady investment. The best part is that it is easily transferable into immediate cash based on its being legal tender.
Again do note that as with any other investment there are risks based on market fluctuations. However, gold coins have traditionally been strong performers and have provided good returns on the investment. Thus through gold coin collecting, you allow some diversity in your investments portfolio and it also adds a safety net through the historical and consistent value placed on gold.
Tax Benefits
Well what do you know! Gold coin collecting actually is a legal way to defer taxation on your investment. What this means is that as your return on this investment increases, your investment is not subject to taxes until those coins are liquidated or sold. Only then when those profits realized are then subject to capital gains taxes. In addition, there are no taxes imposed if you choose to take your gold coin collecting to the level of exchanging or trading your collection for an equal or higher valued coin collection.
Gold coin collecting is not only a fun and interesting hobby but it is also a rewarding one that can bring you handsome returns. However, you must do your research before you embark on any investment.
The Main Risks Are
* Longevity: the risk of outliving your assets is very real.
* Inflation: the inexorable price-rise in goods and services will eat away at the purchasing power of your hard-earned savings.
* Asset allocation: if you haven't chosen the right mix of investments, your portfolio could fail to grow.
* Health care expense: you need a reliable source of income to cover rising health-care costs.* Withdrawal rate: if you withdraw too much too soon, you are in trouble.
To be Secure In Your Retirement Investing:
* Diversify
* Safety First
* Build Continued Growth.
With this in mind have you considered gold investing?
1) DIVERSIFICATION
Whether your investment approach is conservative or aggressive, gold investing can play a vital role in the diversification of your portfolio. Most experts recommend a gold holding of 5%-10%.
2) SAFETY
Any stock, no matter how seductive it may seem, always has the potential to plunge to zero. This will never happen with gold. Life is full of unpredictables-hurricanes, tornadoes, terrorist attacks. Gold investing is the perfect way to protect the foundations of your portfolio from an unpredictable future.
3) GROWTH
Recently, a long-term subscriber to an investment newsletter wrote: "I have been following your gold suggestions since December of 2001 and have made a barrel of money. The ten gold stocks you recommend now, if held since then, are up about 500% on average. Not too shabby while gold bullion is up about 70%, a 7-1 ratio."
Currently, world gold demand exceeds global gold supply by 60%-100% annually; as the mines cannot extract gold fast enough to meet this demand. A shortage leads to higher prices. Nobody can guarantee that anything will last forever, but in the short term the gold price will rise.
So what shape could your gold investments be in?
Just as you can diversify your overall portfolio, you can also diversify the gold part of it. Gold investing takes three main forms:
1. Owning physical gold-the safest, "insurance" part of it. And the most exciting part? When you hold gold in your hands for the first time, you understand why it has generated such a passion through time!
2. Gold stock-investment in quality gold mines. This is for the "growth" part of your portfolio.
Some people may give you a strange look if you are talking of gold investing! There are great ideas floating around:
* Gold provides no return. But it doesn't need to-it keeps going up in value!
* Central banks will sell their gold. They have in the past and have recently realized it is not a wise policy.
* The government could confiscate gold. It is true that this happened in 1933. But things have changed so much since that time; the chances of this now are virtually nil.
If others are uneasy about gold investing, all the more reason for you to do it and do it well! So that you can enjoy your golden years!
Summary:
The main factors of gold investment are... To be mindful of your retirement with diversification, safety and growth. With these in mind, you will do wonderfully well to consider gold.
There is a chance a jeweler can send the band out for plating, as well as the ring. This "farmed out work" will generally go to a plating company specializing in that work with the high level equipment and experience to do a good job and render a thick enough plate for better durability.
One company is Red Sky Plating. Jewelers can send items to this company for estimates and to get the work done properly.
To gold plate the ring would not be difficult for any jeweler with gold plating solutions. Keep in mind, the thickness of the plate and durability cannot be assured with most jewelry store plating services done in-house. For the best results, I would suggest the ring be sent to the company mentioned or to a similar company. You could have a jeweler gold plate the ring and then "try it" to see how well the yellow surface lasts.
Various items sold to "consumers" for coloring metals and adding a microscopic silver or gold color generally do not last long and are not effective overall, in my humble thought.
The "dipping" process is called "rhodium plating." Rhodium is a precious metal and plating is a less expensive alternative to platinum. (There is no white gold in nature.) The plated finish is long wearing and may not need to be redone for years depending on your wearing habits. If you were a client at my Zales location the plating would only be about $24.00.
One nice thing about rhodium plating is that it offers an option to people normally allergic to the nickel in lower-quality gold. The plating provides a barrier that allows many such people to wear 10k and 14k jewelry.
Normally in Hallmarking, the numbers represent the decimal for the gold quality.
For example 375 or .375 is equal to 375 parts gold out of 1000 or 9ct. If this were a genuine hallmark then 750 or .750 would be 750 parts gold out of 1000 which is 18ct.
777 does NOT fit any standard gold hallmark (being just over 18ct if it were) so I would suspect it may be a makers mark or design or model number.
Sunday, March 22, 2009
Jewellery - Why Accessorizing Yourself With The Right Jewellery Is So ImportantNo shopping prior to a wedding would be complete without the purchase of wedding jewelry. Most weddings are based on tradition so a wedding would be incomplete without jewelry, especially the rings.
The wedding ring is not just an ornament but a symbol of the love that you have for your spouse. So you need to buy the ring with extra care. After all, these rings are meant to stay with you for a lifetime. Remember on your wedding day, the first things people want to see are your wedding rings. Unlike the engagement ring, it is best to choose your rings together so that you are sure that you each have what you prefer.
It is an age old belief that wearing the wedding ring on left hand keeps your love with you forever. This is because it was believed that the vein of love runs from left hand to the index finger. This is why people wear the wedding rings on the left hand.
Though it used to be the tradition that the wedding rings be of plain gold, now gold rings with studded diamonds are also used.
Once you choose the desirable wedding ring, your search for wedding jewelry is not over. Depending on the dress you wear and hair style you'll have, you will need to plan for the other wedding jewelry as well. Give yourself enough time to choose them carefully. You can choose to have jewelry with gemstones, diamonds or ruby embedded into gold.
Unless your wedding rings are a mixture of metals, such as white and yellow gold, it is best to stick to one metal for your wedding jewelry. Wearing different metals around the neck, earrings and wrist looks unattractive.
Select a proper necklace that matches the style of your dress. With a strapless bodice, you may choose to have a choker. A dress with V-neck line looks good with a single diamond chain. If your hair is short or swept off your face, your earrings will be easily seen. You may go for diamond earrings, pearl earrings or those of gold. Designs may include studs, drops or rings.
Sometimes as a sentimental touch you may have the opportunity to wear the jewelry of your family members. It may be that your grand mother's diamond ring, your aunt's pearl earrings, your mother's bracelet and your sister's necklace are available for you to wear. This adds a special touch to the wedding jewelry and helps with the 'something old' part of the wedding pieces.
Unless you are going for something non-traditional, deep colored stones like rubies, sapphires and emeralds are not considered suitable for the wedding day. It is probably best to choose lighter colors like topaz, aquamarine and citrine.
If you have you dress designed with beads you may consider wearing a pearl necklace and earrings.
Some brides like to have simulated precious stones on their dress, especially the bodice. You might like to wear diamond wedding jewelry if your dress is designed with crystals. However, if your dress includes a lot of beading, it is best to either go for a simple style of necklace or none at all to avoid a too-made-up look.
As far as wrist is concerned, a bracelet to match your other jewelry would look attractive.
A wedding is a based on tradition and so is the wedding jewelry. Take time to choose the appropriate jewelry to make your wedding a perfect one.
Summary:
A wedding is a based on tradition and so is the wedding jewelry. No shopping prior to a wedding would be complete without the purchase of wedding jewelry. So take time to choose the appropriate jewelry to make your wedding a perfect one.