Gold And Silver Investments
Gold and silver are questionably two of the most useful metals ever known. They have a number of uses. One of the uses for gold that you may not have considered is that it is an excellent conductor of electricity, and therefore in many of your electronic gadgets.
The use of gold in computers helps add durability to the microprocessors and memory chips. Another one you are likely aware of is that gold is also used in dentistry to make crowns.
This precious metal is also being used in satellite components as a dependable conductor and connector. Gold also helps stabilize the internal temperature of the satellite. Then in making jewelry, it is generally the most popular metal due to its allure, shine and softness.
This texture of gold allows for the production of the most intricate designs that can be easily crafted using hand tools or machines. Approximately 75% of all the gold in the world is used in making jewelry.
Then of course there are Governments, individuals and institutions who invest in gold in various forms for their investment portfolios. Some individuals purchase gold investments as a means of some decent gains and turn around and sell when the prices go up. Gold has been around for centuries as a means of investments and various forms of trading for merchandise.
Then there is silver which is also used in jewelry and of course cutlery. It was also used as forms currency by numerous countries in the past. Mercury and tin are also mixed with silver to create dentistry fillings.
Decorative items such as silver vases, cups and platters make a nice gifts for special occasions, and will remain that way for some time. Silver thread is used in clothing and prevents the growth of bacteria and fungi. Due to this antibacterial property of silver, it is also used in the medical community.
Then there are other technological uses for silver, which is also used in electronics, and solar energy technology. Clearly there are many uses, which will entail a continuous demand for both of these precious metals.
These days, one of the common uses of gold and silver are in trading. More people are now investing in gold and silver as a commodity as compared to currencies. The price of gold and silver continue to climb when there is war, economic troubles in nations and negative movements in the stock markets thus people consider it a safer investment as compared to the US dollar or the Euro, which are vulnerable to global conflicts and trends.
Gold and silver are being traded throughout the world due to their stability. The large gap in the highs and lows of the price fluctuations on a daily basis allow investors to make a nice profit with the right timing.
Gold and silver trade experts earn nice returns for investors, by watching market activity throughout the various daily trading sessions. The metals are also used as a hedge against inflation, particularly in their physical form as in coins and bars. They can be used both in a long term outlook as to make some solid gains, and also in a short term basis, where an individual can liquidate them quickly for a nice profit.
Gold and silver are both traded in ounces. The prices for gold and silver are quoted to investors in the form of the spot price. Nowadays the use of modern software allows investors to conveniently conduct trading from the comfort of their own homes and offices. People can watch trading in real time using sophisticated online software that updates the spot price activity in real time.
All in all, more and more people are now finding gold and silver a reliable investment. It is used both as as a method of long term retirement savings and as a hedge against inflation, particularly in the physical form, as the paper investments are susceptible to market fluctuations, and global trends.
If you’d like some excellent silver and gold investment advice, place a few details in the form below. A precious metals specialist will be in touch to confirm your details and to send you a free precious metals investment kit.
Gold and Silver Spot Prices
There may be various reasons to know the gold and silver spot prices. When purchasing a precious metal coin for example, the spot price will be what determines the cost at the time of the transaction. Consumers may also want to know the exact value of their assets at any given moment before selling them.
If they feel they will not receive enough financial compensation they may want to wait until prices increase to make a better profit.
Many clients like the online access to data that is constantly updated to reflect the current market value of coins, rounds and bullion bars.
You can review the competitive gold and silver prices set in over 15 different countries. The spot price service allows you to instantly assess and evaluate your valuables.
It can be a very helpful tool for keeping track of up to date financial information. This lets you stay in control of your accounts as well as being alerted to any potential buying or selling options.
Whether on the road, office or home, it can be comforting to see what is actually happening in the world of finance. You can make important decisions that can directly affect your immediate future.
Using a spot price chart is the best way to clearly see the overall value of minted coins and bullion bars. It is a strong indicator of what the median price range is for each different type of coin or currency.
It may be a good idea to find out the bullion content before selling or purchasing valuables. This will give you a better idea of how much your investment is truly worth.
You can research prices from the last 7 days or all the way back to 10 years past. By knowing the daily value of your assets, you may be more effective in future negotiations.
Anyone who is buying or selling gold or silver at an auction will want to know the exact percentage of metals in each of the pieces being considered.
Those interested in selling their coins or bullion to a smelter or dealer would be well advised to do a bit of research before accepting any offers.
You can go online to get a list and description of the most commonly traded items. This can address a lot of questions and give you the confidence to get the best price currently available.
You can add the spot price website of your choice to your favorites or bookmarks tab in order to quickly check prices night or day. This can be a great asset for professional, amateur or first time buyers, sellers or traders.
Place a few details in the form below to learn invaluable information about investing in gold and silver. You’ll receive a free precious metals investment kit, and be connected with one of the leaders in the industry from whom you may purchase precious metals. You’ll receive a confirmation call and the opportunity to ask any questions.
Ever since it was first discovered, gold has always played an important role in society.
This soft gold metal was exchanged for goods and services long before paper money was introduced into the world’s economy.
The gold price history from the beginning of the 20th century, on up to today, has been influenced by politicians, acts of Congress and decisions made by Presidents.
The common yet wise man has turned to gold in times of economic crisis as a way of preserving his purchasing power and protecting against large fluctuations in the dollar.
The world financial systems are all tied together by this precious metal.
From 1870-1900, most of the world, with the exception of China, linked their currency to gold.
What is known as the gold standard backed individual currencies and made it possible to establish a true value of the currency of individual nations.
This helped to facilitate trade between nations and bring the world closer together.
During the First World War, the United Kingdom abandoned the gold standard as they found that placing restrictions on their currency was deleterious to their ability to finance the defense of the nation.
In 1925, after WWI ended, the UK returned to the gold standard.
President Franklin Delano Roosevelt decided to prohibit the conversion of the US dollar to gold and also forbid private individuals from buying and holding gold. During the Depression, the price of gold stood at 20.67 per ounce.
In 1934, as economic conditions started to improve, Roosevelt made a Presidential proclamation, setting the price of gold at $35.00 per ounce.
With the outbreak of WWII, the London gold market was again disrupted.
It later was restored as the War came to an end. In 1944, the Bretton Woods Conference pegged the price of gold at $35.00 to the ounce.
Many currencies around the world measured their currencies in terms of the US dollar and the $35.00 per ounce gold standard.
The next significant event took place in 1967 when the Krugerrand became the first standardized one ounce gold coin that was designed to be bought and traded on the open market.
This was the beginning of a free gold market.
A few years later, in 1971, President Nixon ended the Bretton Woods fixed rate of gold, the gold standard, and market forces of supply and demand were allowed to move the price of gold up or down.
After almost 70 years of a stable gold price ranging from about $20.00-$40.00, gold price history would never again be the same.
In 1972, an ounce of gold sold for $58.42.
The next year it was up to $97.39 per ounce.
Political events, inflation and other market forces drove the price up to $616.00 in 1980 and for the next 29 years, the price fluctuated between just under $300 all the way up to $972.35 in 2009.
Breaking the $1,000.00 barrier for the first time in 2010 with an average price of $1,224.53. Today gold is selling for close to $1,800.00.
Long term estimations of trends seem to indicate there is much more room on the upside for much higher prices.
When we look back on the historical gold prices 10 or 20 years from today, $2,000.00 per ounce gold will seem very reasonable.
Learn more about precious metals investments by placing a few details in the form below. You’ll receive a confirmation call and have the opportunity to ask about precious metals, or perhaps a gold IRA. Then you will receive a free precious metals investment kit to teach you all you need to know about this opportunity.
Gold and Silver Prices:
Gold and silver prices are watched scrupulously. The fluctuations of gold and silver prices have been tricky to predict on a short scale, although over the course of extended time, they each have continuing upward trends.
At the beginning of 2011, there were high expectations of a continued rise in gold prices. In the closing months of 2010, prices had been hovering around $1360 per ounce and topped $1400 at the end of December, having shown a fairly steady upward trend.
There were many wildly differing forecasts as to where the prices would go in 2011, most varying between $1500 and $2000 by the end of the year.
The main reasons for the expectation of a gold price rise in 2011 were to do with the instability of currency. The 300 percent price rise over the previous five years had been largely fueled by the need for a hedge against the volatility of paper currencies, resulting from inflation, economic depression, and political unrest.
Gold has perpetually been seen as a safe form of currency that has an actual intrinsic value, and is bought not only by the commodity markets, but by investors, banks and governments to shore up their reserves.
In the event the forecasts for 2011 have been generally fulfilled, though not in a consistent way, as the price has shown considerable short term fluctuations.
The price rebalanced at the beginning of the year, when traders who pushed up the 2010 closing prices took their profits.
However, events in February through April, such as the explosion of violence in the Middle East and the shocking disaster in Japan, meant that these same traders found gold attractive again.
The price rose, dropped again by over 3 percent in May, then picked up yet again as anxiety intensified over a US default. The graph for 2011 indeed shows an upward trend, but not a straight one.
By the end of August 2011, gold was trading at above $1800 per ounce.
This represented a rise in the month of 12.3 percent, the best month of performance since 2009.
The main reasons for the continuing upward trend seem to be the US economy, coupled with the persistently low interest rates combined with the continued possibility of QE3 (quantitative easing), further reducing the value of paper currency.
However by mid-October the price dropped back below $1700, seemingly affected by uncertainty over the European economic situation.
Gold and silver prices always have a high correlation and are affected by similar events, such as global and market trends. Overall, whenever there is uncertainty, or the backsliding of a nation’s economic climate or the stock market, these types of precious metals increase in demand.
At the beginning of 2011, silver reached its 1980 all-time high of $50 per ounce, but by September it had fallen to a low point of $26.
That seemed to have been an on off year for silver and by mid-October it was fluctuating between $28 and $33.
Since July 2011, both gold and silver prices have been moving in a contrary direction to the general markets, largely as a result of monetary uncertainty, and they can overall be seen in a continual climb if you look back over the long term.
This tendency seems likely to continue, as they both have remained increasing in value and their value for thousands of years, seeing through the rise and fall of civilizations, as they remain one constant.
Predictions are that despite the minor falls in October, the prices of both commodities are on a rising trend, while stocks are on a downward trend.
You will notice very wealthy and even countries stocking up on gold and silver for they know they are two investments they can always count on.
The top three gold mining countries in the world are the United States, Australia and South Africa. Following Nevada, the top gold producing states in the U.S. are Alaska, California, Colorado, New Mexico and Utah. Since 1972, the price of gold in all forms, bullion, gold coins and bars has continued to rise.
For the first time since 1864, prices surpassed $50 an ounce.
Only a year later, in 1973, the cost of gold rose to $100 an ounce in London.
The beginning of exiting leaps and alarming dips for the value of gold began, and has not stopped.
Through the 70s, the popularity of gold continued to accelerate. In a nutshell, changes to the economy because of wars, the oil embargo, financial inactivity in the West and the start of gold trading changed gold prices for decades ahead.
One did not have to be a tycoon or money mogul to accumulate a respectable return on gold trading between 1970 and 1980. Gold prices rose as much as two thousand five hundred percent in that decade.
During the following twenty years gold prices fluctuated unpredictably, at some points decreasing as much as 60 percent.
Between 1980 and 2001, the American economy steadied and under the guidance of Bill Clinton, inflation regulated somewhat.
This recovery also was due to a revision from manufacturing and heavy industry to a diversification of technology and a service predicated economy.
New discoveries of gold claims between 1982 and 2001 in North America and Australia created a worldwide buzz.
In 1982 PR China allowed private ownership for the first time, and only six years later private citizens were given approval to purchase gold.
By August1994 Russia established a new domestic gold market.
The U.S. price was $324.95.
Only one month later 15 European Central Banks signed the Central Bank Gold Agreement (CBGA) to regulate the gold prices and selling gold the objective.
The CBGA granted approval for up to 400 tons of gold sold to be in a year, or 2000 for the entire 5 year agreement. However, the adaptation was bypassed the entire 5 years by CBGA 2 and 3.
Since the twenty first century rolled around, gold prices have risen 528 percent in just ten years.
March 2011 saw gold prices increase to $1440 per fine ounce.
Arguments for the reasons of the price rise of gold are still debatable, and no doubt will continue for a long time to come.
Even if you have not been keeping up with the news and stock markets, you probably already know that gold and silver prices have historically been on a steady rise.
With the volatility that exists today, it is only a matter of time that the gold will reach the $2,000 mark per ounce.
The lowest amount that an ounce of gold reached since the year 2000 was approximately $252.
From the year 2009, it has steadily increased from the $700 range to over $1,800 just recently.
Those are astounding numbers and anyone who had made such an investment has seen huge increases and great profits.
As for silver, it was stable and practically unchanged for several years, trading at the $5 mark from before 2000 to 2004, where it slowly started its upscale climb.
It surpassed the $10 mark within two years and continued to escalate to record numbers in 2008, trading at over $20.
Although it declined in the last half of 2008, its recovery was evident from the start of 2009 and thereafter, climbing in value almost consistently.
Its all-time highest trading price was $48.58 and has dropped somewhat since that record. However, it still continues to remain strong and will do so for a while.
The stable or increasing gold and silver prices are here to stay for some time and are both, therefore, great investments for anyone who is looking for security.
Whether your funds are hefty enough for gold or more modest and opting for silver, either will provide you a solid investment that will maintain or increase in value.
Gold and silver prices do vary from day to day, and they might decrease sometimes, and that is to be expected.
There is no guarantee with investments, but compared to anything else, these metals are the safest choice in any type of market whether it is a bull market or not.
When investing, keep in mind that your portfolio should be diverse, which will keep your investments safer.