Krankz Wireless Bluetooth Headphones

Thursday, September 29, 2011

Gold Usage

Years ago, gold was an important currency metal but lost this function in 1978 when our dollar was no longer backed by it.

Supposedly, two thirds of our gold reserves are held in national depositories as monetary reserves. I say supposedly because nobody can verify it.

Compared to other metals like platinum, gold plays only a minor role in technology because cheaper substitutes have been created.

In the dental field, gold is still significant and used as dental gold. As for the electronics industry, gold is used in the manufacture of optics for high-end mirrors, solar glasses, contact points for switches and reflectors for satellites.

In space travel, the galvanized application of gold to objects for protection against corrosion is still significant. Sheets of gold with a thickness of 0.1 micrometers are also used to decorate objects in the restoration of art.

One gold coloring process, called ‘Purple of Cassius', has occasionally been used on glass and porcelain. These objects take on a strong ruby red color, which is the result of the presence of colloidal gold.

So, as you can see, there are still many uses for gold, even though I would hazard a guess that many are using it as a hedge against inflation and as a substitute for the fiat dollar which is only backed by a promise!

What do you think...????

Wednesday, September 28, 2011

What will cause gold to take off again...???

A lot of you are in a semi panic because gold has been hammered down.

You're being told the run is over, it's a bubble etc.

But it's really a matter of timing. If you own 600 ounces of gold at $500, this pull back is not a big concern for you. If you own 200 ounces at $1850, you are probably losing sleep and I understand that.

But let's look at it this way. I've liked gold since 2001, but has anything improved over those years? No. The US is mired in recession, the housing problem is not getting better, Europe is disintegrating, unemployment is only getting worse, etc. Until all that gets cleaned up, until people have jobs, until there's no more bank runs on UniCredit of Italy, I personally will trust in the gold versus stocks.

You can buy in smaller quanities here: Tap Here

I'll put my trust in shiny metals like gold. For eons, gold has been the backbone of real money when the crap hits the fan. This time is not any different, except for the fact that now they have criminal exchanges that allow criminal activity.

There's now a dozen lawsuits that show step by step manipulations and yet the COMEX and the CME and the regulators look the other way. If they're that determined to keep it down.. I want some gold now...!!!

How do you feel about the situation?

Tuesday, September 27, 2011

Gold is one of 10 metal elements of antiquity.

Did you know that the oldest known discoveries of gold date back to the 5th millennium, before the birth of Christ?

During that time, Egyptian Pharaohs were heralded and worshiped as descendants of the Sun God.

They believed gold to be a divine metal and it was present during burial processions as a means to attain immortality.

Often, a deceased Pharaoh was covered in gold and his burial chambers were filled with objects made out of silver and gold.

Back in 1923 on Feb 16th, Howard Carter discovered Tutankhamun’s tomb and the Pharaoh’s sarcophagus. Within were 3 gold coffins nested within each other, the innermost consisting of solid gold and weighing over 108 kilograms.

Also found within the burial chamber were chariots made out of white gold, golden statues and daybeds. Even Tutankhamun’s wooden shrine was covered in gold leaf applied to a layer of stucco!

So you can see, from ancient times gold was considered to be very valuable and still is and that is why smart investors are still buying gold today!

Monday, September 26, 2011

Why did gold get whacked recently?

There are many reasons why gold got hit hard recently, but I think the main reason was a coordinated attack by the central bank on the metals.

Last Friday, they raised the margin requirements on gold, copper and silver. I believe the exchange came out and hiked margins requirements on gold by 21%, on silver by 16% and on copper by 18%.

Do you think the big guys at JPM knew of this? I'd have to bet they did and since they had such a gigantic short position in the metal, they used that foreknowledge to nod to the syndicate that they'd work their high frequency trading platforms and drop silver/gold like a rock.

It looks like that worked and they made a lot of money! Sounds criminal to me, but I'm just a little guy, how would I know?

What's your opinion about what happened to gold? Do you think the smaller investor will use this opportunity to buy gold in smaller quanities now?

Saturday, September 24, 2011

Gold Prices since 1970

According to KB Vision, where you can purchase smaller amounts of gold, these are gold prices since the year 1970:

1970 - $38.90
1975 - $139.29
1985 - $327.00
1990 - $386.20
2000 - $279.11
2005 - $444.74
2009 - $972.35
Today - + $1,656.00

Friday, September 23, 2011

Why Buy Gold?

Yes, gold is money. This has been a fact since well before the introduction of paper banknotes. The public is generally unaware how currency came into being. What is certain is that without gold, there would never have been any form of currency anywhere in the world.

At one time, gold and other precious metals were the only means of trade throughout the world. Gold was considered a source for acceptable exchange or recognized as a method of payment for goods and services. As we progressed into the modern age, gold began to be stored in safes and vaults resulting in paper currency being circulated in its place. People accepted that this paper was secured by gold and that it corresponded to its exact face value.

The Gold Standard was introduced in 1821. In 1834, one US dollar had a parity value of 1.504632 grams of gold. The Gold Standard was abandoned in 1914 with the outbreak of World War 1. It was later re-established in 1928 but due to the relative scarcity of gold, The Gold-Exchange Standard was adopted by most countries supplementing gold reserves for currency dollars. In time, debt and rising interest rates forced an increase in the manufacture and circulation of paper currency and the disparity between the true value of gold and that of paper currency resulted in a scissor-like divergence.

With the devaluation of the dollar and growing debt, the Gold-Exchange Standard was unilaterally removed by former US President Nixon in 1971. This meant that direct convertibility of the United States dollar to gold was no longer needed. This act was known as the Nixon Shock. This led the way for governments to print as much paper currency as they required. The real value of money was lost.

Paper money is a product manufactured by human hands, which can be replaced at any time. “People who own gold, possess money in perpetuity.” This slogan was sent around the world and was quoted by none other than Alan Greenspan, former chairman of the US Federal Reserve (1987-2006).

In times when currency was scarce as was the case in Germany between 1945 and 1948, one could buy a house for five grams of gold and three grams of gold would provide for an entire family.

Gold is financial security for you and your family!