Blog - Page 18 of 20 - Owning Gold

Buying fractional gold coins or small gold bars as gifts.

We are approaching that gift-buying time of year. Maybe you have thought about buying gold as a special gift for someone in your family, but were put off by the price per ounce. A one ounce gold coin or bar is pretty expensive these days! Well, you don’t have to buy a full Troy ounce. …

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As prices fall, it’s time to buy more gold.

As you may have seen, gold prices have taken quite a beating recently. Bad news if you want to sell some gold, but good news if you want to buy some more. But what if prices keep falling? Shouldn’t you wait? Well, when you think that way, you’ll just tie yourself up in knots. The …

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Is there a conspiracy to control and suppress the price of gold?

Good question. A fascinating question too. If you want to learn all about the belief that the price of gold is manipulated, head over to Gata.org. At Gata.org they believe absolutely that the price of gold is artificially suppressed, and has been for many years. Read other commentators and they’ll dismiss the idea out of …

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How about prospecting for your own gold?

Image by: By Tony Oliver Buying gold from a dealer is one thing, but imagine how it must feel to go panning for gold, and driving home at the end of the day with gold in your pocket. Yes, people still pan for gold. And here is the place to find out about it – …

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A return to the Gold Standard? Not likely. But…

A few years ago, World Bank chief Robert Zoellick said in an article the Financial Times that leading economies should consider “employing gold as an international reference point of market expectations about inflation, deflation and future currency values.” Naturally, economists and self-appointed pundits around the world called him mad, saying there is no way we …

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Gold price at over $1,400.

I couldn’t resist grabbing this screen shot. I have been wondering whether, or when the price of gold would break the $1,400 barrier. Yes, there is a “barrier”. Breaking that round number takes some doing. Perhaps it shouldn’t be any different from breaking the $1,397 barrier – but it is. Sentiment and psychology always play …

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Buying gold is a great way to build your net worth.

There are plenty of people who earn huge amounts of money each year, but are just an inch away from financial disaster. How can that be? Because they spend as much as, or more than they earn. They spend their money on big houses with big mortgages, and big cars with big lease payments. They …

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The world’s largest gold coin.

It weighs 100 kg (220.5 lb), is 53 cm (21 inches) in diameter, and 3 cm thick. The Royal Canadian Mint created the coin in 2007 – and minted just five of them – to show off its production skills, and steal the entry in the Guinness Book of Records for the world’s biggest gold …

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How do you feel about your gold dealer asking for your name, home address and Social Security Number?

The Form 1099 reporting requirements are part of the new U.S. health care legislation. Starting in 2012 precious metals dealers in the U.S. will have to report to the IRS on 1099s all purchases of $600 or more from clients in a single year. Just to be clear, Form 1099 is completed not when you …

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Should you worry about what happens to the price of gold this week?

In one sense, anyone who owns gold has a stake in its price. Certainly, we don’t want to see the price plunge, and we would like it to go up. But for long-term gold owners, the concerns are not as acute as those of gold investors and traders. This week sees two events which could …

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