gold


Stock Market Line Graph
President Joe Biden’s administration is being pressured by their supporters to erase the exorbitant student loan debt in the United States, which has hit record highs of over $1.71 trillion collectively owed. President Biden has not compromised his original $10,000 per borrower campaign pledge. Democratic senators, including Elizabeth Warren, Majority Leader Chuck Schumer and Ed Markey of Massachusetts are holding Biden accountable in using his presidential authority to pursue a more ambitious goal of cancelling $50,000 in federal student loan debt per borrower. Student loan forgiveness has been a hot topic on the Biden agenda since the beginning of his campaign and a hot topic in the United States since Occupy Wall Street. The United States has a whopping $1.7 […]

The Real Price Of Government Bailouts


Crater in the Earth from gold mining
Imagine a scenario where the demand for precious metals significantly increases. Gold is being bought and sold en masse and traded as a currency. This could be the result of an economic crisis where the value of the US dollar ($USD) plummets. Would there be enough gold and silver to go around?  Gold Is Finite, Therefore Expensive  Gold is a finite resource that was actually formed in outer space before it was kneaded into the veins of the Earth by geothermal activity. It takes a lot of mining to produce a single ounce of gold. Once bought, it rarely leaves the hands of the buyer, as it’s most often bought as insurance. It’s understandable why it’s so valuable and why […]

Will There Be Enough Physical Gold And Silver?



gold investment
Some people are interested in buying gold as insurance. It’s important to be realistic when doing so.  As we discussed in a previous article, when you buy gold as an investment, you’re betting on something happening that will make the price go up. When it comes to insurance, however, you’re not betting on a crisis that will result in a surge in prices any more than you’re betting on getting in a car accident to collect your auto insurance. If you’re expecting the price of gold to go up, you’re not buying it for insurance purposes. Instead, when you buy gold for insurance, you’re giving yourself the option to put it towards any unexpected emergency that may arise in your […]

When Gold Is Bought For Insurance



It’s important to keep in mind the reasons you’re buying the gold in the first place. What are your goals and is buying gold going to achieve your goals? Does gold actually have the utility you think it does?   As we discussed in previous articles, the value of gold is dependent on the US dollar and the popularity of gold investing but it’s also ultimately dependent on whether or not anyone deems it a valuable exchange at all. Gold is a currency like any other that you want to be able to exchange for value. Given the choice, you wouldn’t want to own gold over actual resources. So there must be a catalyst that makes gold attractive, such as an […]

Why Are You Buying Gold?


When it comes to buying gold, you need to go into it with the right mindset. You need to know what is realistic and what is not. We’ve been in the business for several decades and have seen too many people who want to invest in gold for the wrong reasons. There are issues you need to be aware of before purchasing gold and precious metals. Naturally, any gold dealer will probably tell you investing in gold is a wonderful idea with no downsides. We want to save you from any disappointment and ensure you’re well-educated and informed before you make your purchase.  Investing in gold is one way to diversify your investment portfolio but is it the same as […]

Managing Expectations When Buying Gold


5 Various Stamped Gold Bars
Gold purity is of particular concern when you’re buying and selling gold in the United States, Canada or Australia.  Remember Why You’re Buying In The First Place It’s important to stay focused on your purpose for buying gold. You’re building an investment portfolio, which means you ultimately want to be able to exchange the gold for its value. Don’t Get Less For Your Investment If you buy gold bars that are 99.5% pure in a country that requires their gold to be purified up to .9999%, you risk being charged more when you go to exchange them for their value. The reason for this is, there aren’t enough investors coming in to buy 99.5% gold bars, so you’ll be charged […]

Why Gold Bars Should Be .9999% Pure


A gold piggy bank with bundles of USDA cash next to it
You can save money by resisting the temptation to swipe your credit card on large transactions.  Credit card companies charge vendors around 3%. This is how credit card companies earn money, which is the money they use to give their customers points whenever they use their card. Many customers prefer to use their credit card to earn the points— however, this is shortsighted, since many people don’t realize the points are actually coming from the credit card fees they are paying. Companies are not allowed to charge any more than this percentage for credit card transactions. To make up for this fee, vendors mark their prices up an extra 3-4%. This fee may be insignificant when you’re buying a latte […]

Should I Use My Credit Card to Buy Gold or ...



Half Ounce Gold Credit Suisse Bars And Canadian Maple Leaf Coins
Being an educated consumer is inoculation against scams and bad investments. To sharpen your discernment, you must know what to look for when you set out to make your purchase. Reputation  The first thing you need to look for when buying precious metals is a reputable dealer you can trust. Research the reputation of the company you’re looking to buy from. How long have they been in business? What do people say about them? Where are they located— can you visit them in person?  If other people can vouch for how knowledgeable the company is and how they were able to deliver a smooth buying experience, then you can feel more at ease doing business with them. A gold trading […]

What To Look For When Buying Precious Metals


US American Gold Buffalo Coin, Indigenous Man On The Front, Buffalo On The Back, Pure 24k Gold
People wonder whether they should buy 24-karats gold coins or 22-karat gold. Which one is a better value? 24k gold is the popular standard that most people recognize as pure and ideal. The Canadian Maple Leaf, Austrian Philharmonic, Chinese Panda and the US Buffalo are all 24k gold coins. While the 24k American Gold Buffalo coin, for example, is a favorite among many, US Mint production figures reveal that the American Gold Eagle, a 22k gold coin, is actually in higher demand.  Many people have never heard of 22k gold. It means the gold content is only 90%, whereas with 24k gold, the gold content is 99.99%. This doesn’t mean there’s any less gold in it, however. A 24k gold […]

Pure Gold Coins Vs. 22K Gold Coins (91.67%)


gold bar
The most common question first time gold buyers ask is, “should I buy coins or bars?” The first thing to always keep in mind when deciding on buying coins or bars is that the melt value of the metal does not actually change depending on its form. An ounce of gold is going to have the same value across the board, whether it’s in the form of a coin or a bar.  Gold and silver coins are government-issued legal tender. In addition to their intrinsic value, there’s a value placed on them by governments that banks are legally required to exchange for readily-available funds. However, this value is always going to be lower than its intrinsic value, which is determined […]

Should I Buy Coins Or Bars?


price of gold bar
Gold has always been the go-to investment that people turn to during times of uncertainty. It doesn’t move with market prices and it’s unaffected by inflation. When stock prices are down, the value of gold is typically soaring. If you’re thinking about purchasing gold or other precious metals during this pandemic, here are a couple of things to consider: Gold is Less Volatile Precious metals like gold seem to be inversely related to the value of the US dollar. So when the dollar is down (like it is now), the value of gold is up. Because of this, during times of recession and uncertainty, gold and silver have typically been looked to as “safe havens”. It’s the currency that we […]

Should You Invest in Gold During COVID-19?



gold bars prices
Up until the election, The U.S. presidential race has been more of a distraction than a direct influence on the gold market but going forward expect the precious metal to be a winner no matter the outcome. For gold, the election isn’t a “blue versus red” competition between the Democrats and Republicans, says Frank Holmes, chief executive officer of U.S. Global Investors. It is a “push the gold button” event, he says. Let me explain in simple terms why gold is a buy no matter who wins. First there are a few things that you need to understand. Gold is priced all over the world in U.S. Dollars. Therefore, if anyone outside of the United States is considering buying gold […]

Post election and the price of gold


gold bullion dealer
The State of New Jersey imposes a 7% sales tax on all collectible commodities such as precious metals, bullion, tokens, medallions and any numismatic goods. This applies to online purchases.  This tax is collected on all purchases regardless of whether the vendor calculated it into the total.  Even if the vendor failed to include it in your total at checkout, you, the customer, are still responsible for paying it. It’s the law. You don’t want unpaid taxes to catch up with you. It’s best to get them out of the way upon making the purchase. Many people think sale taxes are imposed by the IRS but this is not true. Sales taxes are determined on a state-to-state basis.  It’s safe to […]

New Jersey Residents and The 7% Sales Tax on Precious ...



gold bullion dealers
From the time of ancient civilizations to the modern age, gold has been the world’s currency of option. Today, investors purchase gold generally as a hedge against political discontent and inflation. In addition, lots of top investment consultants recommend a portfolio allocation in commodities, including gold, in order to lower general portfolio risk. We’ll cover much of the chances for buying gold, consisting of bullion (i.e. gold bars), mutual funds, futures, mining business, and jewelry. With few exceptions, only bullion, futures, and a handful of specialized funds offer a direct investment opportunity in gold. Other financial investments derive part of their worth from other sources. Purchasing physical gold (bars and coins). Small bars and coins accounted for approximately two-thirds of […]

Investors Guide For Gold Investing



where to buy gold bar
This fantastic 20 gram Gold Bar Lady Fortuna is produced by one of the most famous bullion brand names worldwide – the popular PAMP Suisse. Minted from 20 grams of 99.99% pure gold, this outstanding gold bar showcases the widely known Lady Fortuna – the Roman Goddess of luck and well-being. One of the exceptional global refineries, PAMP Suisse, was developed in Ticino, Switzerland in 1977. The company was quickly liked by financiers and collectors due to its ingenious bullion of remarkable quality. The mint is also highly applauded for including the current bullion security procedures such as the newest Veriscan ® feature – a distinctive microscopic surface topography which is utilized as a digital fingerprint for scanning and registering […]

20 Gram PAMP Suisse Lady Fortuna Gold Bar (In Assay)


Gold futures closed higher on Friday after hitting a new agreement high early in the session. The market gave back a few of its gains when Treasury yields increased slightly and the U.S. Dollar recuperated from more than a two-year low. Spot gold likewise reached a new all-time high with the marketplace posting it finest month given that February 2016, and its fifth straight positive month. Regardless of Friday’s brand-new high, traders looked a little cautious with the brand-new high coming in only $5.40 higher than the previous high earlier in the week prior to the intraday pullback. This recommends an unsteady outlook over the short-run. However, the longer-term photo stays bullish with the market tracking genuine interest rates that […]

Gold Prices Remain Higher


The price of gold reached record levels when it got to a trading price of $1,943.93 per ounce– the highest price since September 2011– with the spot gold price rising 2.2 percent on Monday early morning. However why is the price of gold going up? The coronavirus pandemic has actually caused worldwide uncertainty, with increasing political stress in between the U.S. as well as China aggravating capitalists’ worries. Economic climates are struggling to resume after lockdown and also there is a risk of a huge global economic crisis. In the U.S., amid the pandemic as well as stay-at-home orders, businesses shut and also workers were furloughed, so the U.S. federal government obtained money to sustain its economic climate. The price […]

Gold prices hit all-time high


gold bullion dealers
Pamp Suisse Gold Bars are certified as “Good Delivery” by the Swiss National Bank and the London Bullion Market Association (LBMA). These bars contain a purity of 99.99%. Each bar is individually registered and sealed in a protective holder, together with a signed official “Assay Certificate,” which guarantees the purity, weight, and gold content of each product. Scandal Sheet Lunar Goat Bars. Released in 2015, the front and back of the PAMP 1 Ounce Lunar Goat gold bar depict an image of a Goat. Each bar is separately sealed in its own red certicard. The PAMP Lunar Goat gold bar was the third bar presented in PAMP’s lunar series. The PAMP lunar Goat Bar is available in 5 gram, 1 […]

1 oz PAMP Suisse Goat Gold Bar