There are many different ways to buy gold bullion, including gold grams, bullion bars, coins, funds, ETFs, certificates and futures / options. Most bullion dealers offer only one or two options, such as bars and coins for UK delivery, whilst some offer a wider range, such as 4x trading – a bullion dealer with offices in London and Manchester, who provides online real time gold prices for both storage and delivery (UK and International) for grams, bars (ranging from 1 oz up to 12.5 kilo) and coins, including Capital Gains Tax Free sovereigns and britannias. https://www.4xtrading.co.uk lists the forex trading brokers who can help you buy Gold in the UK.
GOLD MADE SIMPLE
From literary giants, Greek philosophers, political figures and poets to independent financial pundits and columnists, whatever personal opinion you hold about this precious metal, I think you’ll agree, that gold bullion has evoked passionate views for thousands of years.
In this article are a variety of quotations gathered from individuals such as Paul Tustain of Bullionvault.com, Mike Maloney of Goldsilver.com, Peter Schiff of “Euro Pacific Capital” and Gerald Celente of the “Trends Research Institute”.
Fresh From the Perth Mint – The 1 OZ Gold Nugget
Have you ever wondered how big was the largest gold nugget ever found? Me neither, however this question may come up one day in a trivial pursuit game so let me answer it for you 🙂 The gargantuan “Welcome Stranger” nugget was not found by a marathon session of gold panning, but by digging just below the surface of the ground. weighed 210 pounds and contained 2268 ounces of solid gold, which would be worth millions of pounds sterling in today’s pricing. Though this amazing gold discovery was a 150 years ago, the Perth Mint based in sunny Perth have clearly not forgotten this discovery. Indeed they have released a 1 oz coin featuring the “Welcome Stranger” nugget on the reverse design which will likely be attractive to those that buy gold across the globe.
Fresh From the Perth Mint – The 1 OZ Gold Nugget Have you ever wondered how big was the largest gold nugget ever found? Me neither, however this question may come up one day in a trivial pursuit game so let me answer it for you 🙂 The gargantuan “Welcome Stranger” nugget was not found by a marathon session of gold panning, but by digging just below the surface of the ground. weighed 210 pounds and contained 2268 ounces of solid gold, which would be worth millions of pounds sterling in today’s pricing. Though this amazing gold discovery was a 150 years ago, the Perth Mint based in sunny Perth have clearly not forgotten this discovery. Indeed they have released a 1 oz coin featuring the “Welcome Stranger” nugget on the reverse design which will likely be attractive to those that buy gold across the globe.
The Krugerrand – Bullion Coins From South Africa
The country of South Africa is blessed with gold deposits which lend themselves to industrial mining. This geographical treasure trove, called “Witwatersrand,” was discovered in the mid 1880’s, and understandably led to heightened interest in the area from investors. To start investing in South African gold you can visit online forex trading South Africa. They list regulated South African forex brokers who allows Gold trading.
Mining companies in this region soon established the Rand Refinery, which has become the biggest single site refinery operation in the world. The Rand Refinery produces the blanks which become Krugerrands.
This coin was first dreamed up in 1964. This coin–legal tender, and yet simultaneously bullion coin–would carry a set amount of gold. The concept was that private citizens could, in this way, own gold bullion. This would enable the South African gold industry to sell more product.
An American buying a Krugerrand knew how much gold in weight was being purchased, because this weight was stamped on the coin.
The Rise, Fall and Rise of Gold Coinage?
Gold has been a valuable resource used for trade as far back as the early civilizations of Mesopotamia. However, gold as coinage can be dated to the 6th Century B.C.E. The first coins, produced for the Lydian King Croesus, were actually an amalgam of gold and silver, known as electrum. The pale gold colored coins were impressed with the image of a lion or bull on one side and a seal on the other. By 560 B.C.E, the Lydians had learned to separate the gold and silver and were issuing fully gold coins. From Lydia, the use of gold for coinage spread across the Aegean to the Greek City-States where it was adopted by Philip of Macedonia and his son Alexander the Great. The Greek coins replaced the images of lions and bulls with portraits of the king. Both Philip and Alexander used gold coins to pay their armies and cover their military expenses.
Throughout history, many nations which have attempted to inflate their way out of a financial crisis by printing vast quantities of fiat money, eventually met the same ignominious fate – economic collapse! Whether it was the Weimar Republic in the 20s, Argentina in the 90s or more recently in Zimbabwe where a $100 billion dollar note would only purchase a handful of eggs. All these countries faced severe price increases for basic items such as food and clothing. Independent investors like Mike Maloney and Peter Schiff agree – buying gold is a classic way to protect against a potential hyperinflationary scenario. inflation Popular culture has instilled us all with the image of the bank vault filled to overflowing with gleaming gold bricks. Golden bars are still the standard method of storing and transporting large quantities of gold, but much of the gold today is traded using ETF’s, whether by hedge funds or home traders buying and selling small quantities of gold on on their laptop computers, or desktop PCs. Reserve banks all over the world store gold in a particular standardized form known as the “Good Delivery” bar which weighs 400 troy ounces (equivalent to 438.9 ounces). The largest gold bar in existence was created by Mitsubishi materials. The bar was small enough physically to fit in a large purse, but because gold is even heavier than lead, it weighed in at a whopping 551 pounds. For trading and manufacturing, the 1000 gram kilobar is the most favored size. In places where large quantities of gold are stored, the security measures are extraordinary. Most banks won’t even publicly divulge the location of their gold stores due to security concerns, and every conceivable technology is used to keep the gold safe and sound. Most major vaults have bomb proof walls, and numerous fail-safes. Any person that works near the gold will typically have to undergo a very strict vetting process to make sure they can be trusted.