There seems to be no respite for consumers in the near-term as gold
prices are expected to rule above Rs 15,000 per 10 gram till
September as analysts
pare bets for further weakness in the rupee.
"Gold prices were ruling higher over the past few weeks due to a weak rupee that makes the dollar-quoted yellow metal expensive. However, the weakness in the rupee is expected to continue in the near-term, keeping gold prices at above Rs 15,000 per 10 gram till September," Religare Commodities Metals and Energy Incharge Somnath Dey told PTI.
Rupee value may depreciate further to Rs 55 against the US dollar in the next two months from the current level of Rs 51.72, keeping gold not below Rs 15,000 per 10 gram, he said.
Presently, gold is quoting at Rs 15,450 per 10 gram. It made an high of Rs 15,750 per 10 gram on February 19.
Noting that rupee is behaving more like Korean currency, another analyst said revaluation of global currencies like euro and Pound sterling against the US dollar is building pressure on the Indian rupee.
Citing reasons for rupee weakness, D K Joshi, Principal Economist at domestic ratings agency Crisil, said, "Rupee value is getting depreciated these days due to a stronger dollar, which is strengthening following a rise in demand for the US currency globally. Besides, lower Indian exports and sluggish capital inflow have extended pressure on the rupee".
Meanwhile, there is a short supply of foreign currency reserves in the country, which have fell drastically due to liquidation of Indian investments by foreign investors and stronger US dollar, he said.
As per official data, foreign currency reserves have so far declined by 60.44 billion dollar since the end of March, 2008.
Joshi noted that rupee will continue to remain volatile between Rs 52 and Rs 53 in the next six months which will again pressurise gold prices.
Market experts said that though costlier gold has hit demand for physical gold in India, the world's largest consumer of jewellery, but investment demand for safe-haven asset is in rise across the world due to concern about the deepening recession.
Source: Economictimes
Showing posts with label Gold. Show all posts
Showing posts with label Gold. Show all posts
Gold extends losses on weak global cues
Extending loses gold prices fell by another Rs 40 to close at Rs 15,375
per ten gram in the bullion market here on selling by
stockists influenced by
weakening global trend.
Silver followed suit and lost Rs 300 to settle the day at Rs 21,800 per kg as selling remained unabated as the metal prices continued to slide in overseas market.
Marketmen said stockists offloaded part of their holdings in line with weakening trend in overseas markets mainly pulled down the precious metal prices.
They said reduced offtake by retailers and stockists due to off-marriage season further fuelled the down-trend.
Standard gold and ornaments lost Rs 40 each to Rs 15,375 and Rs 15,225 per ten gram respectively. Sovereign, however, remained steady at Rs 12,400 per piece of eight gram.
In a similar fashion, silver ready dropped by Rs 300 to Rs 21,800 per kg on poor offtake by industrial units and weekly-based delivery by Rs 140 to Rs 22,460 per kg.
On the other hand, silver coins continued to be asked around previous level of Rs 28,400 for buying and Rs 28,500 for selling of 100 pieces on reduced offtake.
per ten gram in the bullion market here on selling by
stockists influenced by
weakening global trend.
Silver followed suit and lost Rs 300 to settle the day at Rs 21,800 per kg as selling remained unabated as the metal prices continued to slide in overseas market.
Marketmen said stockists offloaded part of their holdings in line with weakening trend in overseas markets mainly pulled down the precious metal prices.
They said reduced offtake by retailers and stockists due to off-marriage season further fuelled the down-trend.
Standard gold and ornaments lost Rs 40 each to Rs 15,375 and Rs 15,225 per ten gram respectively. Sovereign, however, remained steady at Rs 12,400 per piece of eight gram.
In a similar fashion, silver ready dropped by Rs 300 to Rs 21,800 per kg on poor offtake by industrial units and weekly-based delivery by Rs 140 to Rs 22,460 per kg.
On the other hand, silver coins continued to be asked around previous level of Rs 28,400 for buying and Rs 28,500 for selling of 100 pieces on reduced offtake.
Gold may hit $2,000 an ounce if dollar falls
Government infrastructure spending will drive a rebound in metals prices, while gold may reach $2,000 an ounce in the next year Investing in gold a safe bet.
if the dollar falls, an executive with UK fund house Schroders said.
"The potential for very sharp price rises in industrial metals this year is very good," emerging market debt and commodities product manager Christopher Wyke told reporters.
"We think in infrastructure the cutbacks will be very limited. When a recession happens, governments in the U.S. and elsewhere accelerate infrastructure spending."
He said that despite the global economic downturn, Asia retains its appetite for infrastructure spending, which will support prices of metals such as copper and zinc. Prices of the two metals have fallen around 58 percent and 54 percent respectively from a year earlier.
"The problems in Asia are not structural, they're essentially cyclical -- a very severe cyclical downturn," the London-based Wyke said in an interview at his firm's Hong Kong offices.
Wyke does not directly manage funds but oversees Schroders' commodities fund products which hold $4.5 billion in assets, including a recently launched gold and metals fund.
He said Chinese infrastructure spending will be a key driver of metals demand and prices.
"The level of credit in China has been shrinking in the last 10 years, the banking system has been reformed, and they have $2 trillion in reserves," Wyke said.
"So, is it likely there's going to be wholesale abandonment of infrastructure investment in China? No."
GOLD BULL
While Wyke has backed off from his stance last June that gold could reach $5,000 an ounce over the next few years as a refuge from inflation, he still expects the precious metal to show stronger gains in the second half of 2009 if the dollar falls and inflation fears mount.
"If you saw the dollar resume its fall and maybe toward the end of this year you started seeing people worried about the inflationary consequences of U.S. government policies, then gold prices could move up very sharply," Wyke said.
"In the next 12 months, if that were to happen and the dollar were to fall, a gold price of $2,000 an ounce is quite likely."
Spot gold, which was trading at $937.20 around 0835 GMT on Monday, has risen 6.6 percent in 2009 as investors seek a safe haven of value amid the global slump.
Schroders' gold and metals fund was up 6.15 percent this year at the end of February, Wyke said. At the end of January, the fund was worth nearly $61 million, and is down 34.3 percent since its launch in July 2008.
Source: Economictimes
if the dollar falls, an executive with UK fund house Schroders said.
"The potential for very sharp price rises in industrial metals this year is very good," emerging market debt and commodities product manager Christopher Wyke told reporters.
"We think in infrastructure the cutbacks will be very limited. When a recession happens, governments in the U.S. and elsewhere accelerate infrastructure spending."
He said that despite the global economic downturn, Asia retains its appetite for infrastructure spending, which will support prices of metals such as copper and zinc. Prices of the two metals have fallen around 58 percent and 54 percent respectively from a year earlier.
"The problems in Asia are not structural, they're essentially cyclical -- a very severe cyclical downturn," the London-based Wyke said in an interview at his firm's Hong Kong offices.
Wyke does not directly manage funds but oversees Schroders' commodities fund products which hold $4.5 billion in assets, including a recently launched gold and metals fund.
He said Chinese infrastructure spending will be a key driver of metals demand and prices.
"The level of credit in China has been shrinking in the last 10 years, the banking system has been reformed, and they have $2 trillion in reserves," Wyke said.
"So, is it likely there's going to be wholesale abandonment of infrastructure investment in China? No."
GOLD BULL
While Wyke has backed off from his stance last June that gold could reach $5,000 an ounce over the next few years as a refuge from inflation, he still expects the precious metal to show stronger gains in the second half of 2009 if the dollar falls and inflation fears mount.
"If you saw the dollar resume its fall and maybe toward the end of this year you started seeing people worried about the inflationary consequences of U.S. government policies, then gold prices could move up very sharply," Wyke said.
"In the next 12 months, if that were to happen and the dollar were to fall, a gold price of $2,000 an ounce is quite likely."
Spot gold, which was trading at $937.20 around 0835 GMT on Monday, has risen 6.6 percent in 2009 as investors seek a safe haven of value amid the global slump.
Schroders' gold and metals fund was up 6.15 percent this year at the end of February, Wyke said. At the end of January, the fund was worth nearly $61 million, and is down 34.3 percent since its launch in July 2008.
Source: Economictimes
YELLOW METAL SHINES BRIGHT
While most of the popular asset classes are going through bad times, the yellow metal shines on. In fact, in the last one year, gold has given a return of more than 25% and currently trades at Rs 14,695 per 10 gm. Even gold exchange traded funds (ETFs) have appreciated substantially. Gold Gold Benchmark Exchange Traded Scheme (BeES) and Kotak Gold ETF have given more than 25% returns each in the last three months.
Even as the equity markets have taken a hit with the Sensex losing around 46% in the last one year and real estate prices also witness a correction, investors’ preference has shifted to safe havens such as gold. On an average , most of the diversified equity mutual funds have fallen and real estate developers are offering discounts. Thus gold remains the safest bet.
The appreciation in the gold prices is mainly due to its safe haven status. Says, Jayant Manglik, head commodities at Religare Commodities, "The key reason for gold to go up is lack of other investment opportunity. There is also a risk in keeping the money in currency form as most of the currencies have depreciated against one another. Moreover, most of the countries are facing liquidity problems and the currency will further depreciate if they go in for printing money."
The historical trend proves that gold prices have a positive correlation with inflation and crude oil price. It is considered as the best hedge against inflation. But in the prevailing economic condition, gold prices have moved in the reverse direction from both crude oil price and inflation.
Where crude oil prices have corrected from $146 a barrel in the last year to $41 a barrel now, gold prices have appreciated to Rs 14,695 currently from the lowest of Rs 10,653 last year. Thus while in the last year, the rising inflation rate and crude oil prices were buttressing gold, now it’s the uncertainty, which is pushing the price up.
Says, Naveen Mathur, head, Angel Commodities, "There are several factors that impact gold prices. Crude oil price and inflation are a couple of factors. But the quantum of impact of each of these factors differs depending upon the economic condition. Currently, the impact of financial and economical uncertainty is driving gold prices up." The depreciating rupee has further helped the gold price to go up as major portion of the gold is imported.
Source : Economictimes
Even as the equity markets have taken a hit with the Sensex losing around 46% in the last one year and real estate prices also witness a correction, investors’ preference has shifted to safe havens such as gold. On an average , most of the diversified equity mutual funds have fallen and real estate developers are offering discounts. Thus gold remains the safest bet.
The appreciation in the gold prices is mainly due to its safe haven status. Says, Jayant Manglik, head commodities at Religare Commodities, "The key reason for gold to go up is lack of other investment opportunity. There is also a risk in keeping the money in currency form as most of the currencies have depreciated against one another. Moreover, most of the countries are facing liquidity problems and the currency will further depreciate if they go in for printing money."
The historical trend proves that gold prices have a positive correlation with inflation and crude oil price. It is considered as the best hedge against inflation. But in the prevailing economic condition, gold prices have moved in the reverse direction from both crude oil price and inflation.
Where crude oil prices have corrected from $146 a barrel in the last year to $41 a barrel now, gold prices have appreciated to Rs 14,695 currently from the lowest of Rs 10,653 last year. Thus while in the last year, the rising inflation rate and crude oil prices were buttressing gold, now it’s the uncertainty, which is pushing the price up.
Says, Naveen Mathur, head, Angel Commodities, "There are several factors that impact gold prices. Crude oil price and inflation are a couple of factors. But the quantum of impact of each of these factors differs depending upon the economic condition. Currently, the impact of financial and economical uncertainty is driving gold prices up." The depreciating rupee has further helped the gold price to go up as major portion of the gold is imported.
Source : Economictimes
History of gold prices (in rupees)
Good information to know :
1930: 180 per 10 gram
1940: 360 per 10 gram
1950: 1000 per 10 gram
1960: 1110 per 10 gram
1970: 1840 per 10 gram
1975: 5,400 per 10 gram
2000: 3,000 per 10 gram
2006: 5,400 per 10 gram
2009: 15,700 per 10 gram.
Gold surprisingly gave 300% returns from 1970 to 1975 when world suffered worst ever recession after great Depression. Will the history repeat? That is the reason behind current "Mad Gold rush". But if you invested in the Gold in 1975, your investment gave negative returns for the next 25 years.
Remember 2 things:
1. Gold generally trades in the lower range around March and July. Generally, it is the best time to buy gold and marriage season is the best time to sell God.
2. Below 11,000, Gold is a safe investment but above 15,000- it is only for traders but not for investors.
Future of Gold:
When stock markets are in down turn in 2002, Gold was at Rs 5,400 per 10 gram. Don't forget that Gold traded below 9,000 per 10 gram till 2007 means you might have got routine returns from Gold investment. But investors who made investments in gold in mid-2007 are now making 70% returns in just 20 months. But I don't know what will happen to gold investors who bought it at above 15,000 but they remain inlosses even after 3 years. Why? Gold will recede to 11,000 levels once equities make comeback. What happened to crude oil will repeat in case of gold also. Don't forget that Gold is not even an essential commodity. But Gold is a less volatile investment.
Examples:
1. Crude oil prices moved to $147 per barrel and Goldman Sachs people gave $200 per barrel target. It is now trading below the fundamental price at $35 per barrel.
2. Sensex moved to 21,000 and analysts and analysts gave 30,000 target. It is now trading at 9,000 levels.
3. Real Estate prices reached astronomical levels in 2007 but people bought land as if there will be no land available for purchase in future.
1930: 180 per 10 gram
1940: 360 per 10 gram
1950: 1000 per 10 gram
1960: 1110 per 10 gram
1970: 1840 per 10 gram
1975: 5,400 per 10 gram
2000: 3,000 per 10 gram
2006: 5,400 per 10 gram
2009: 15,700 per 10 gram.
Gold surprisingly gave 300% returns from 1970 to 1975 when world suffered worst ever recession after great Depression. Will the history repeat? That is the reason behind current "Mad Gold rush". But if you invested in the Gold in 1975, your investment gave negative returns for the next 25 years.
Remember 2 things:
1. Gold generally trades in the lower range around March and July. Generally, it is the best time to buy gold and marriage season is the best time to sell God.
2. Below 11,000, Gold is a safe investment but above 15,000- it is only for traders but not for investors.
Future of Gold:
When stock markets are in down turn in 2002, Gold was at Rs 5,400 per 10 gram. Don't forget that Gold traded below 9,000 per 10 gram till 2007 means you might have got routine returns from Gold investment. But investors who made investments in gold in mid-2007 are now making 70% returns in just 20 months. But I don't know what will happen to gold investors who bought it at above 15,000 but they remain inlosses even after 3 years. Why? Gold will recede to 11,000 levels once equities make comeback. What happened to crude oil will repeat in case of gold also. Don't forget that Gold is not even an essential commodity. But Gold is a less volatile investment.
Examples:
1. Crude oil prices moved to $147 per barrel and Goldman Sachs people gave $200 per barrel target. It is now trading below the fundamental price at $35 per barrel.
2. Sensex moved to 21,000 and analysts and analysts gave 30,000 target. It is now trading at 9,000 levels.
3. Real Estate prices reached astronomical levels in 2007 but people bought land as if there will be no land available for purchase in future.
Calculating Price of Jewelry
This calculation will hold true to all jewelry that is not mounted or attached with stones, pearl, ornament, etc.. First you must know how much the price of gold for today. We can go to www.kitco.com/gold.live.html, Kitco Inc.-Gold & Precious Metal Price Update or www.cnnfn.com/markets/commodities.html, CNNfn- Commodities Stock. From Kitco (October 20, 1996), gold is quoted at US$ 379.95 per ounce. One US$ = 26.265 Philippines Pesos (October 20, 1996). We first convert the price of gold to Philippines Pesos. 379.95 X 26.265= P 9979.38 per ounce. Next convert them to gram, from above information, one ounce equal 31.1 grams. P 9979.38/31.1= P320.88 per gram.
P 320.88 is the cost of gold per gram minus profit. So you ask how about 18K or 20K and so on. Well it is easy, first determine how must 24K gold is contain in 18K gold. 18/24 = .75. Next P 320.88 X .75 we get an answer of P 240.66/gram for 18K. For the price above you must add about 5 to 10% for losses occur during the making of gold into jewelry (some gold become dust or minute particles that jeweler can not able to recover them) and add some more for the cost of silver and copper too. Silver and copper cost so little that we often ignore their price in computation. So that's it, P 336.92 to P 352.96 per gram for 24K gold, of course this does not include the jewelry store's profit yet.
Let say one jewelry store sell for P 355 per gram for 24K and you choose a 24K bracelet that weigh 35.8 grams. How much will you pay for it? 35.8 grams X 355 = P 12,709. Some store add labor for the bracelet they sell, let say P 300, so P12,709 + 300, we get 13,009 for the price of the bracelet. The one who sell it without labor added will quote a higher price per gram compare to those without labor. Labor goes to the pocket of goldsmith who make them from gold bar to finished product. Which is cheaper? It's almost the same just don't exceed 50 or 100 grams and there is a big difference. Here the one with additional labor will be cheaper. For imported one that sold here in the Philippines, there is a lot of plus, plus. But if you go directly to the country you are interested, the above computation still applied but with slight variation.
Source - WEB
P 320.88 is the cost of gold per gram minus profit. So you ask how about 18K or 20K and so on. Well it is easy, first determine how must 24K gold is contain in 18K gold. 18/24 = .75. Next P 320.88 X .75 we get an answer of P 240.66/gram for 18K. For the price above you must add about 5 to 10% for losses occur during the making of gold into jewelry (some gold become dust or minute particles that jeweler can not able to recover them) and add some more for the cost of silver and copper too. Silver and copper cost so little that we often ignore their price in computation. So that's it, P 336.92 to P 352.96 per gram for 24K gold, of course this does not include the jewelry store's profit yet.
Let say one jewelry store sell for P 355 per gram for 24K and you choose a 24K bracelet that weigh 35.8 grams. How much will you pay for it? 35.8 grams X 355 = P 12,709. Some store add labor for the bracelet they sell, let say P 300, so P12,709 + 300, we get 13,009 for the price of the bracelet. The one who sell it without labor added will quote a higher price per gram compare to those without labor. Labor goes to the pocket of goldsmith who make them from gold bar to finished product. Which is cheaper? It's almost the same just don't exceed 50 or 100 grams and there is a big difference. Here the one with additional labor will be cheaper. For imported one that sold here in the Philippines, there is a lot of plus, plus. But if you go directly to the country you are interested, the above computation still applied but with slight variation.
Source - WEB
GRAMS, KILO, OUNCE, BAHT, AND TAEL
Gram is a metric unit of mass equal to 1/1000 kilogram. Kilo or kilogram is 1,000 grams. A troy ounce is equal to 31.1 grams. A baht is 15.2 grams, this is Thailand weight for their jewelry. A Tael is 37.037 grams in the Philippines. A Hong Kong Tael is 37.5 grams. There is a slight difference in weight for the two country. I think they do not consult each other first before they settle for the weight of Tael. A Tael in Chinese is . One Tael = 10 . A Tael in jewelry is different in weight from the Tael uses in Chinese drug store here in the Philippines. One gram equal 5 Carats. Carat is a unit of weight for precious stones like diamonds and rubies.
Source - web
Source - web
karat vs 916
Karat is define as a unit of fineness for gold equal to 1/24 part of pure gold in an alloy. It means how pure a gold is. Alloy means the degree of mixture with base metal, gold being the base metal. A 24 Karat gold is equal to 100% pure gold. But we never say 100%, because no one has ever refine them to that point. The highest purity achieved is 99.99%, so a 24 Karat gold is 99.99% pure. Most of Hong Kong jewelry have a 9999 mark on them. And all branded gold bar too.
A 22 K gold from gold mine will have 91.6% pure gold while the remaining 8.4% will consist of any metal- silver, copper, iron, aluminum, etc. You just divide 22 K by 24 K to get an answer of 91.6%. Singapore jewelry always mark them with a 916. If I ask you how much pure gold content is in a 10 K gold. The answer is 10/24=41.6% pure. In jewelry the alloy added to make them to lower karat are always a mixture of silver and copper. No other metal can be mix with gold because it will later become blacked or rusted depending on what you put into it. 585 is 14 K.
We have 1 K, 2 K, 8 K, 23 K or 23.5 K of jewelry. Any karat is possible, it only depend on the jeweler who mix and melt them.
White gold here in the Philippines is not Platinum, it is only a mixture of gold and nickel (a malleable, silvery metal). We do have Platinum here in the Philippines but seldom seen them make into jewelry. The price for 24K Platinum is higher than the 24K yellow gold.
Source - WEB
A 22 K gold from gold mine will have 91.6% pure gold while the remaining 8.4% will consist of any metal- silver, copper, iron, aluminum, etc. You just divide 22 K by 24 K to get an answer of 91.6%. Singapore jewelry always mark them with a 916. If I ask you how much pure gold content is in a 10 K gold. The answer is 10/24=41.6% pure. In jewelry the alloy added to make them to lower karat are always a mixture of silver and copper. No other metal can be mix with gold because it will later become blacked or rusted depending on what you put into it. 585 is 14 K.
We have 1 K, 2 K, 8 K, 23 K or 23.5 K of jewelry. Any karat is possible, it only depend on the jeweler who mix and melt them.
White gold here in the Philippines is not Platinum, it is only a mixture of gold and nickel (a malleable, silvery metal). We do have Platinum here in the Philippines but seldom seen them make into jewelry. The price for 24K Platinum is higher than the 24K yellow gold.
Source - WEB
Does Jewels Get Affected when subject to heat
Yes, and no. Yes, if it has pearls, jades and other stones mounted on them. Diamonds and almost all precious stones are not afraid of extreme heat, just don't subject them to sudden extreme changes of temperature. Example- when you heat a diamond, let it cool down by itself, don't pour water to speed up the cooling process or the diamond will break.
No, if there is no stone attached on them, but the gold when heated to a high temperature will become brown or black colored. Not so much on 22K but 20 to below 1K. The reason is that there are higher concentration of silver and copper on 20K to 1K. You will not see any changes in color for 24K when heated, only the welded portion or spot will appeared black. This is because we use 14K gold as welding rod for 24K jewelry. Some jewelers are able to make 24K jewelry without using welding rod.
Source - WEB
No, if there is no stone attached on them, but the gold when heated to a high temperature will become brown or black colored. Not so much on 22K but 20 to below 1K. The reason is that there are higher concentration of silver and copper on 20K to 1K. You will not see any changes in color for 24K when heated, only the welded portion or spot will appeared black. This is because we use 14K gold as welding rod for 24K jewelry. Some jewelers are able to make 24K jewelry without using welding rod.
Source - WEB
Basic Definition of GOLD
Webster dictionary defines gold as the most malleable and ductile metal, yellow metallic element that occurs chiefly free or in a few minerals and is used especially in coins, jewelry, and dentures.
Malleable means it can be hammered by beating or by pressure of rollers, extended or shaped down into a thin gold sheet or film. In fact it can be made thinner than the thinnest paper available. A weight of 31.1 grams can cover 68 square feet (0.0001 inch thin).
Ductile means it can be drawn out of a tungsten-carbide hole, just like making a copper wire. It can be make finer than our human hair, to a point that our eye almost can not see.
Gold is relatively soft, corrosion-resistant element. Do not corrode in air, but is tarnished by sulfur. A good thermal and electrical conductor. Melting point is 1,063 degree Centigrade and boiling point is 2,800 degree Centigrade.
The above descriptions refer only to 24 Karat gold.
You can say that copper is soft evidently it is easily bend, but will crack and break when reach to certain thinnest and finest. Lead too.
Source - Web
Malleable means it can be hammered by beating or by pressure of rollers, extended or shaped down into a thin gold sheet or film. In fact it can be made thinner than the thinnest paper available. A weight of 31.1 grams can cover 68 square feet (0.0001 inch thin).
Ductile means it can be drawn out of a tungsten-carbide hole, just like making a copper wire. It can be make finer than our human hair, to a point that our eye almost can not see.
Gold is relatively soft, corrosion-resistant element. Do not corrode in air, but is tarnished by sulfur. A good thermal and electrical conductor. Melting point is 1,063 degree Centigrade and boiling point is 2,800 degree Centigrade.
The above descriptions refer only to 24 Karat gold.
You can say that copper is soft evidently it is easily bend, but will crack and break when reach to certain thinnest and finest. Lead too.
Source - Web
The First Spouse Gold Coins
The United States is honoring, too, its First Spouses by way of one-half ounce $10 gold coins bearing their portraits, in the order of their service as first spouse, beginning in 2007 with Martha Washington, Abigail Adams, (Thomas Jefferson's Liberty) and Dolley Madison. Specifically, the obverse of these coins carry portraits of the Nation's First Spouses, their names, the dates and order of their term as first spouse, with the year of minting or issuance, "In God We Trust" and "Liberty." The United States Mint released First Spouse Gold Coins on the same schedule as the Presidential $1 Coins.
In the event of a President serving without a First Spouse, such as Thomas Jefferson, a gold coin will bear instead an obverse image showing Liberty as depicted on a circulating coin for that era, and bearing a reverse image with symbols of themes associated with that President.
In the event of a President serving without a First Spouse, such as Thomas Jefferson, a gold coin will bear instead an obverse image showing Liberty as depicted on a circulating coin for that era, and bearing a reverse image with symbols of themes associated with that President.
The Sacagawea Golden Dollar
The Golden Dollar's "heads" side features the Indian guide of the 1804 Lewis and Clark expedition, Sacagawea. She is portrayed in three-quarter profile. Glenna Goodacre, the obverse's artist, goes against numismatic tradition by having the portrait look straight at the holder. Goodacre's model is a present-day Shoshone college student, Randy'L He-dow Teton. The obverse also shows on Sacagawea carrying on her back Jean Baptiste, her infant son.
With the aim of complementing the obverse, the selected reverse design features a soaring eagle encircled by 17 stars. The 17 stars symbolize each Union state members during the 1804 Lewis and Clark expedition.
With the aim of complementing the obverse, the selected reverse design features a soaring eagle encircled by 17 stars. The 17 stars symbolize each Union state members during the 1804 Lewis and Clark expedition.
Canadian Maple Leaf Gold Coin
Canadian Maple Leaf Gold Coins are the official bullion gold coin of Canada and they are produced by the Canadian mint. Maple Leaf gold coins are .9999 pure gold and they are one of the purest gold coins issued in the world today. Unlike the other gold coins the Maple Leaf contains virtually no base metals
The Canadian Gold Maple Leaf commands universal respect and attention, as it has been traded on the world market since 1979. The Maple leaf was the first gold bullion coin to be minted in the ultimate 99.99% purity. No gold coin in the world boasts a higher purity.
The Canadian Maple Leaf Gold Coins are one of the most practical ways to invest in gold. They are produced by the Royal Canadian Mint. Each Maple Leaf coin is guaranteed by the Government of Canada for its weight and its gold purity. As a result of these government guarantees the Maple Leafs are extremely saleable and are easily bought and sold anywhere in the world where precious metals are traded.
The most magical part of owning a Gold Maple Leaf coins are an investment to own and to admire and touch. When you hold a Gold Maple Leaf coin in your hand, you're holding 5,000 years of security and value.
The South African Krugerrand
Krugerrands were first struck in July 1967, since then more than 50 million Krugerrands have been minted, making them internationally recognizable and one of the most successful bullion coins available today. The coins, are minted in 22 carat gold, depict Paul Kruger, the President of the original South African Republic from 1883 to 1902 on the obverse. Originally only one size was issued, which contained one full troy ounce (31.1035 grams) of fine gold. In 1980, three more denominations were introduced, namely a half, quarter, and tenth ounce size. As the gold price is quoted internationally in terms of troy ounces, the value of Krugerrands (which contain exactly 1 oz, 1/2 oz, 1/4 oz or 1/10 oz of pure gold) can easily be determined at any time.
Krugerrands are sturdy and durable. They are 22 carat - a traditional cartage of gold bullion coins designed to be handled as currency. Krugerrands are hard enough to resist normal scratching and denting - an important, practical feature, as soft 24 carat coins and bars are more easily damaged and generally require protective packaging. Krugerrands are easy to transport and store.
Krugerrands are sturdy and durable. They are 22 carat - a traditional cartage of gold bullion coins designed to be handled as currency. Krugerrands are hard enough to resist normal scratching and denting - an important, practical feature, as soft 24 carat coins and bars are more easily damaged and generally require protective packaging. Krugerrands are easy to transport and store.
The American Gold Eagle Coin
Is the official Gold Bullion of the United States of America, they are manufactured in 1oz, 1/2oz, 1/4oz, 1/10 oz and these coins are guaranteed to contain the stated amount of actual gold weight in troy ounces. American Gold Eagle Coins must by law come from American gold mines only and be 22carat. These standards are authorised under the Gold Bullion Coin Act of 1985. Gold Eagles minted between 1986 to 1991 are dated with Roman numerals. In 1992, the United States Mint switched to Arabic numerals for dating the gold Eagles.
For further information Click United States Mint
For further information Click United States Mint
American Buffalo 24-Karat Gold Coins
The popular American Buffalo Gold Coin is known as the Indian Head, or Buffalo, nickel was introduced in 1913 and showcases the native beauty of the American West.
The American Buffalo Bullion Coins are the first .9999 fine 24-karat gold coins ever struck by the United States Mint and offered for sale through a network of Authorized Purchasers. These $50 gold coins are available to members of the public seeking a simple and tangible means to own and invest in 24-karat gold in the form of legal tender coins whose content and purity is guaranteed by the United States Government.
American Buffalo Gold Bullion Coins are available at many coin and precious metals dealers as well as many brokerage houses and participating banks. Pricing for precious metal investment coins typically depends on the market price of the metal.
The American Buffalo Bullion Coins are the first .9999 fine 24-karat gold coins ever struck by the United States Mint and offered for sale through a network of Authorized Purchasers. These $50 gold coins are available to members of the public seeking a simple and tangible means to own and invest in 24-karat gold in the form of legal tender coins whose content and purity is guaranteed by the United States Government.
American Buffalo Gold Bullion Coins are available at many coin and precious metals dealers as well as many brokerage houses and participating banks. Pricing for precious metal investment coins typically depends on the market price of the metal.
Kundan Jewelry
The jewelry of India knows no bounds in its offerings to the modern world. This is because India must be one of the most prolific countries when it comes to making jewelry, whether it be the simple enjoyable ones or the highly delicate ones that are intricate in its designs. There are just many types of Indian jewelry that even the young could find what they want among its offering of beads and shells in interwoven colorful threads. One of the most highly regarded Indian jewelry nowadays is the kundan jewelry.
Kundan jewelry is made of gold that is highly refined and is known as kundan in India. Indian jewelers also have another meaning of the word. For them, kundan is not only the gold that is made into a jewel but also the type of setting on which they set the precious stones. Kundan jewelry is not made of real solid gold. Its center part is made of lac or a natural resin made from hardened tree sap. The jewelry pieces that makes the whole kundan jewelry, which are usually justified into hollow separate halves, are usually handled by separate jewelers or assistant jewelers for its shaping before they are fitted together through soldering. Holes are then bored into the separate halves of the kundan jewelry, once they are fitted together to make the pattern designed by the jeweler. These holes are where the stones are set. Any engraving is done before the hollows of the kundan jewelry are then inserted with lac. Because the lac could still be seen through the holes in front, the highly refined kundan gold is poured on the setting to cover the lac and only then is the stone pushed right into the still pliable kundan.
Kundan jewelry is also one of the old types of jewelry in India because the style on which it was made was used only way back when claw settings were still yet unknown in the country. Then, kundan jewelry had its precious stones were only set in gold and it wasn't only until the nineteenth century that claw settings were introduced and used by the jewelers in India. This was during the Rajastahan empire when kings paid their jewelers handsomely for the exquisite kundan jewelry that they made that called for excellent craftsmanship.
There are now a lot of kundan jewelry available in the market and they could even be bought online. There are spectacularly designed kundan jewelry necklace sets that come with earrings. The most common are those that have uncut diamonds and other precious stones set in gold. Among the commonly used gems in kundan jewelry are emeralds, rubies and sapphires. This kundan jewelry, though, is often just a replica of the original one made in the eighteenth or seventeenth or nineteenth centuries. The original pieces could sell for as much as $200,000 or more per set.
Buying kundan jewelry nowadays may have been made more attainable for those who have deeper pockets as compared to the olden times when only kings and queens could afford them. Having kundan jewelry replicated and sold at lower prices is a welcome alternative for those who could not afford to buy the original antique pieces.
Source - www.articlealley.com
Kundan jewelry is made of gold that is highly refined and is known as kundan in India. Indian jewelers also have another meaning of the word. For them, kundan is not only the gold that is made into a jewel but also the type of setting on which they set the precious stones. Kundan jewelry is not made of real solid gold. Its center part is made of lac or a natural resin made from hardened tree sap. The jewelry pieces that makes the whole kundan jewelry, which are usually justified into hollow separate halves, are usually handled by separate jewelers or assistant jewelers for its shaping before they are fitted together through soldering. Holes are then bored into the separate halves of the kundan jewelry, once they are fitted together to make the pattern designed by the jeweler. These holes are where the stones are set. Any engraving is done before the hollows of the kundan jewelry are then inserted with lac. Because the lac could still be seen through the holes in front, the highly refined kundan gold is poured on the setting to cover the lac and only then is the stone pushed right into the still pliable kundan.
Kundan jewelry is also one of the old types of jewelry in India because the style on which it was made was used only way back when claw settings were still yet unknown in the country. Then, kundan jewelry had its precious stones were only set in gold and it wasn't only until the nineteenth century that claw settings were introduced and used by the jewelers in India. This was during the Rajastahan empire when kings paid their jewelers handsomely for the exquisite kundan jewelry that they made that called for excellent craftsmanship.
There are now a lot of kundan jewelry available in the market and they could even be bought online. There are spectacularly designed kundan jewelry necklace sets that come with earrings. The most common are those that have uncut diamonds and other precious stones set in gold. Among the commonly used gems in kundan jewelry are emeralds, rubies and sapphires. This kundan jewelry, though, is often just a replica of the original one made in the eighteenth or seventeenth or nineteenth centuries. The original pieces could sell for as much as $200,000 or more per set.
Buying kundan jewelry nowadays may have been made more attainable for those who have deeper pockets as compared to the olden times when only kings and queens could afford them. Having kundan jewelry replicated and sold at lower prices is a welcome alternative for those who could not afford to buy the original antique pieces.
Source - www.articlealley.com
Indian Jewelry
The industry of fashion & costume jewelry has been growing since past few years & is totally in style now. It includes a wide range of products & you can to choose from rings, bracelets, necklaces, pendants and earrings. There are impressive combinations found in fashion jewelry which are simply incredible to look at. You can find lots of imitated fashion accessory stores which are there online.
The only point to keep in mind while purchasing online jewelry is that you must ensure that you're buying from a trustworthy seller. You should find good reputable sellers, having good reputation & who are providing good quality jewelry at best reasonable prices also providing a good reliability without cheating the customers. Sometimes, you can also find good suppliers who are also manufactures who also make custom jewelry designs in fashion jewelry.
Fashion jewelry can be used as a means of expression of some special emotions & is a perfect way to reward yourself for all the hard work you done and to feel proud about your accomplishments in life.
The industry of wholesale Indian imitation jewelry has traveled a long way since past few years and today it can offer some incredible works of art to many customers. No doubt, the fashion world is driven by constant changes and that same thing happens in the jewelry business also.
You can find new trends and designs which appear every day and designers have to be really creative with their ideas. The beauty of fashion & costume jewelry is now preferred by a lot of women. Imitation Jewelry have become extremely popular over these years in fashion world of the women, stylish designs in jewelry making them look sexy.
Women desire to own a collection of designs in fashion jewelry, hence its demand have never decreased but has been increasing since the time being. People with unique personality are the lovers of imitation jewelry as it compliments their personality in a distinct way.
Jewelry being the most lovable among all accessories is one of the best accessories that one can wear with any outfit. If a person wearing a dull outfit, wears a good matching jewelry to it, it can make the person look as the best dressed in the whole party. Jewelry is universal and is very popular among all cultures. There is a wide variety of imitation jewelry found in the market today, with various designs & color stone used.
There are different types of jewelry such as the bead, glass, Korean, Victorian, fashion-imitation, handmade, silver, and gold, diamonds, gemstone, CZ, ethnic jewelry and much more. Buying jewelry can be fun, exciting yet confusing. You can buy jewelry at affordable prices by the wholesaler who supply them.
There are many ways how you can maximize your jewelry without spending much on it, by resizing your ring, whether it is in gold silver or even metal, bracelets can be versatile, if you have a longer necklace, you may be able to use it as a delicate belt to adorn your favorite little black dress, use your bracelet as an extender, make the most of your charms, if you have matching charms, consider adding them to your hoop earrings for an instant dangle. If you have a creative person inside you who can act as a designer, anything creative can be possible !!
Wholesale Jewel
Courtesy - popular blogs,sites
The only point to keep in mind while purchasing online jewelry is that you must ensure that you're buying from a trustworthy seller. You should find good reputable sellers, having good reputation & who are providing good quality jewelry at best reasonable prices also providing a good reliability without cheating the customers. Sometimes, you can also find good suppliers who are also manufactures who also make custom jewelry designs in fashion jewelry.
Fashion jewelry can be used as a means of expression of some special emotions & is a perfect way to reward yourself for all the hard work you done and to feel proud about your accomplishments in life.
The industry of wholesale Indian imitation jewelry has traveled a long way since past few years and today it can offer some incredible works of art to many customers. No doubt, the fashion world is driven by constant changes and that same thing happens in the jewelry business also.
You can find new trends and designs which appear every day and designers have to be really creative with their ideas. The beauty of fashion & costume jewelry is now preferred by a lot of women. Imitation Jewelry have become extremely popular over these years in fashion world of the women, stylish designs in jewelry making them look sexy.
Women desire to own a collection of designs in fashion jewelry, hence its demand have never decreased but has been increasing since the time being. People with unique personality are the lovers of imitation jewelry as it compliments their personality in a distinct way.
Jewelry being the most lovable among all accessories is one of the best accessories that one can wear with any outfit. If a person wearing a dull outfit, wears a good matching jewelry to it, it can make the person look as the best dressed in the whole party. Jewelry is universal and is very popular among all cultures. There is a wide variety of imitation jewelry found in the market today, with various designs & color stone used.
There are different types of jewelry such as the bead, glass, Korean, Victorian, fashion-imitation, handmade, silver, and gold, diamonds, gemstone, CZ, ethnic jewelry and much more. Buying jewelry can be fun, exciting yet confusing. You can buy jewelry at affordable prices by the wholesaler who supply them.
There are many ways how you can maximize your jewelry without spending much on it, by resizing your ring, whether it is in gold silver or even metal, bracelets can be versatile, if you have a longer necklace, you may be able to use it as a delicate belt to adorn your favorite little black dress, use your bracelet as an extender, make the most of your charms, if you have matching charms, consider adding them to your hoop earrings for an instant dangle. If you have a creative person inside you who can act as a designer, anything creative can be possible !!
Wholesale Jewel
Courtesy - popular blogs,sites
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