The Enduring Beauty and Value of Gold Bullion Bars
Subscribe To Our Feed
Gold bars such as the prestigious Pamp Suisse Gold Bullion Bar have been used in transactions since the time of the ancient Greeks, Romans, and Egyptians. Billions of dollars worth of gold bars lay on the ocean’s floor around the world, spilled overboard by military attacks, the wrath of nature, and greed of pirates. Gold has long been considered one of those most valuable and coveted forms of money. For thousands of years, owning gold has brought with it the reputation and prestige of wealth and power.
Gold bars are defined as any amount of gold that has been shaped into some sort of compact bar. There are dozens of different names for gold bars, including but not limited to:
Chi bars
Tael bars
Bank bars
Minted “brick” bars
“Bullion watch” bars
“Gold fillet” bars
These gold bars may weigh anywhere from 1 kilogram to 12.5 kilograms, or 400 ounces, to 1000 gram, known as the kilobar. These days, the kilobar is the most popular when it comes to trading, collecting, and investing. Gold bars and gold bullion bars are generally defined in terms of troy ounces. One troy ounce equals 31.1034768 grams, 1 kilogram equals 1000 grams, and one tael equals 50 grams.
Gold bars may be classified into two different types: minted and cast, depending upon how it was manufactured. Cast gold bars are created through the process of pouring heated liquid gold into a mold. Minted gold bars are hand cut into specific dimensions.
Gold bullion bars are generally available in 10-ounce gold bars that contain .995. purity or 1 kilogram per gram bar, or gold bullion bars designed mainly for investing. One of the most popular is the 10- ounce gold bullion bars, known as a “four-nines” or pure .9999 finest.
Regardless of size or shape, investing or collecting in gold bullion bars is a solid investment decision that carries a legacy of power and wealth that dates back thousands of years.
Technorati Tags: No Tags
Related Tags: No Tags
How to check for fake silver and gold bullion coins
Subscribe To Our Feed
Due to the valuable nature of the Silver and Gold Bullion Coins, there are many counterfeit coins generated to cheat the unwary . Counterfeit can means two things, the ‘fakes’ and ‘copies’ of coins, these are two different things whereby ‘copies’ means coins that are minted to follow the physical look of the original but they are minted with the same metal that are used to mint the original coins. Therefore unless you collect rare coins, ‘copies’ coins should not be a concern because you will be essentially buying the same gold value of the real bullion coin. In fact, ‘copies’ bullion coins are virtually non-existent in most types of bullion coins, scammer would only consider making ‘copies’ unless the coin in question happened to be very rare, which means that the coin will fetch a much higher value above its own metal content. Spotting ‘copies’ can be very difficult, as the size and weight of the ‘copies’ will equal to that of the real version, and counterfeiters tend to pay more attention to the many detailing of the coin, including face design, number of reeds, mint marks etc.
‘Fakes’ are more of a danger for Silver and Gold Bullion Coins collectors, as ‘fakes’ are made with cheaper metal than the original bullion coin. This means that ‘fakes’ can practically sell for naught since the value of bullion coin are heavily based on its metal content. However the good news is that fakes are much more easier to ruled out, since they tend to have different size and weight in comparison the original. With the aid of a few instruments, such as a digital caliper, and a minute weight scale that can accurately measure up to 0.01 g, fake coins can be easily singled out / identified. For gold coins, there are also specialized tools such as the The Fisch tool, manufactured by Fisch instruments that checks the vital measurement of a specific coin, which includes its minimum allowable weight, maximum allowable thickness, maximum allowable diameter as well as the shape as defined by the mint that issues the coin.
Common ”fillers” for gold in fake coins include leads, brass, copper and steel, as gold and platinum are some of the heaviest metal that exist in nature, most metal that are denser than that are either radioactive (impossible to work with) or too expensive. This means that gold or platinum ‘fakes’ are either: the wrong size, underweight or both. Which makes ruling out ‘fakes’ relatively easy.
Silver ‘fakes’ can be more of a challenge to identify as they can be made from silver plated lead, which will give them a weight that will heavier than a genuine coin. However there are still guidelines to identify fake silver coins, firstly if the coin weights less than usual, it is almost always a fake. Secondly, if the coins weights much heavier than usual, it is also most likely a fake as well. And since silver coins are relatively cheap, some scammers don’t even bother filling in the details of a genuine coin, which means that a fake coin could have some obvious errors such as the absence of a reed edge, some missing or incorrect design features, the presence of protrusion around the edge (resulted from a casting sprue), files marks, as well as unusual silver sheen (too shiny or too harsh). If in doubt, a further magnification test up to 10x could also help to identify the evidence of silver plating by observing if there is any unfilled spots or crevices, unplated edge on the rim or between the reed.
Visit this blog and discover also useful info about silver bullion that is a perfect way of investments!
Technorati Tags: No Tags
Related Tags: No Tags
The Lasting Value of Gold Bullion Bars
Subscribe To Our Feed
For thousands of years, owning gold has brought with it the reputation and prestige of wealth and power. Gold has long been considered one of the most valuable and coveted forms of money. Gold bars like the gorgeous Pamp Suisse Gold Bullion Bar have been used in transactions since the time of the ancient Greeks, Romans, and Egyptians. Billions of dollars worth of gold bars lay on the ocean’s floor around the world, spilled overboard by military attacks, the wrath of nature, and greed of pirates.
Gold bars are defined as any amount of gold that has been shaped into some sort of compact bar. There are dozens of different names for gold bars, including but not limited to:
Chi bars
Tael bars
Bank bars
Minted “brick” bars
“Bullion watch” bars
“Gold fillet” bars
These gold bars may weigh anywhere from 1 kilogram to 12.5 kilograms, or 400 ounces, to 1000 gram, known as the kilobar. These days, the kilobar is the most popular when it comes to trading, collecting, and investing. Gold bars and gold bullion bars are generally defined in terms of troy ounces. One troy ounce equals 31.1034768 grams, 1 kilogram equals 1000 grams, and one tael equals 50 grams.
Gold bars may be classified into two different types: minted and cast, depending upon how it was manufactured. Cast gold bars are created through the process of pouring heated liquid gold into a mold. Minted gold bars are hand cut into specific dimensions.
Gold bullion bars are generally available in 10-ounce gold bars that contain .995. purity or 1 kilogram per gram bar, or gold bullion bars designed mainly for investing. One of the most popular is the 10- ounce gold bullion bars, known as a “four-nines” or pure .9999 finest.
Regardless of size or shape, investing or collecting in gold bullion bars is a solid investment decision that carries a legacy of power and wealth that dates back thousands of years.
Technorati Tags: No Tags
Related Tags: No Tags
10 How-Tos to Buy Gold Coins online from eBay
Subscribe To Our Feed
With the growing influence of the internet and the convenience that comes with it, there are increasing number of people turning to buy gold coins online as they are given access to a much larger market and therefore better able to secure a better deal, comparing prices and quality with many online vendors. In fact buying gold coins online have never been better,instead of only rummaging from the limited collection of your local coin store, now you can find gold coins for sale even rare ones simply by clicking your mouse at the comfort of your own home.
In addition to buying from online stores, many collectors and investors gather at online auctions like ebay and OverStock in search of a sale, online auctions have the unique feature whereby they station multiple sellers under a website, this is similar to having a mega mall full of coin stores,therefore you can choose and compare the prices of the same item from many online vendor through a simple interface.
Unfortunately, as with buying through online store, there are also quite a few cases where the experience of buying online leaves the buyer cheated or dissatisfied, here are a few tips to insure your money.
1. READ ITEM DESCRIPTION CAREFULLY, understand what you buy before bidding. By placing a bid, you enter into a binding contract with the seller promising to buy the item in the event you offered the highest price and you have met the reserve. When in doubt, send the seller a inquiry about the product before bidding.
2. Do your due diligence on the store and the internet for similar item to check the coin description and pricing, this gives an expection of how much you have to fork out from your pocket. Keep the price in mind and do not bid higher than what you are expected to pay.
3. Check delivery condition and price, does it deliver to your country in the first place? Does the seller offer insurance in the event that the gold coin is lost in transit? What is the delivery price? That are some unscrupulous seller that jack up their delivery cost and you might end up paying more money that you don’t know about. DO NOT BID UNTIL YOU KNOW WHAT IS THE TOTAL PRICE THAT YOU WILL BE PAYING.
4. Many online auction provide the buyer with a system to check the seller’s past dealings and their client’s feedback. Know the seller that you are dealing with, read about their feedback from past buyer, how long have they been in business at this site? Do they deliver fast after payment is received? And have they sold similar items in the past?
5. Some auction site like ebay provide buyer insurances, check out how to be eligible for claim should fraud occur.
6. Choose sellers that provide money back guarantee in the event where the good delivered wasn’t what you expect.
7. If there is any question about buying gold coins from the seller or their store, simply send in an enquiry or an email, find out how quickly they respond or if they do respond at all.
8. Buy using a credit card or better yet Paypal if it is available, Paypal provides reimbursement in the event that the item is not received or significantly not as described (read about Paypal buyer protection here). Many credit card companies offered similar protection (albeit with more procedures to follow). Do not pay with debit card or money from your bank account as you will not be able to claim your money back should something go wrong.
9. Read more about the coin that you buy, when is it issued? What is the dimensions and weight? Are there proof versions? What are the features in the design? Armed with this information would save you many time in identifying which is genuine and which is a scam, for example there is no such thing as a silver Krugerrand. Many counterfeit coin makers or scam artist often neglect little details when making fake items.
10. Examine your coin when it arrives immediately, this is because should there be something unusual, it can be clarified and resolved quickly with your seller, failing which a claim for your money can be quickly filed with Paypal or your credit card company.
Learn how to earn and how to save paper money from inflation with silver bullion bars!
Technorati Tags: No Tags
Related Tags: No Tags
The Enduring Value of Gold Bullion Bars
Subscribe To Our Feed
For thousands of years, owning gold has brought with it the reputation and prestige of wealth and power. Gold has long been considered one of the most valuable and coveted forms of money. Gold bars like the gorgeous Pamp Suisse Gold Bullion Bar have been used in transactions since the time of the ancient Greeks, Romans, and Egyptians. Billions of dollars worth of gold bars lay on the ocean’s floor around the world, spilled overboard by military attacks, the wrath of nature, and greed of pirates.
Gold bars are defined as any amount of gold that has been shaped into some sort of compact bar. There are dozens of different names for gold bars, including but not limited to:
Chi bars
Tael bars
Bank bars
Minted “brick” bars
“Bullion watch” bars
“Gold fillet” bars
These gold bars may weigh anywhere from 1 kilogram to 12.5 kilograms, or 400 ounces, to 1000 gram, known as the kilobar. These days, the kilobar is the most popular when it comes to trading, collecting, and investing. Gold bars and gold bullion bars are generally defined in terms of troy ounces. One troy ounce equals 31.1034768 grams, 1 kilogram equals 1000 grams, and one tael equals 50 grams.
Gold bars may be classified into two different types: minted and cast, depending upon how it was manufactured. Cast gold bars are created through the process of pouring heated liquid gold into a mold. Minted gold bars are hand cut into specific dimensions.
Gold bullion bars are generally available in 10-ounce gold bars that contain .995. purity or 1 kilogram per gram bar, or gold bullion bars designed mainly for investing. One of the most popular is the 10- ounce gold bullion bars, known as a “four-nines” or pure .9999 finest.
Regardless of size or shape, investing or collecting in gold bullion bars is a solid investment decision that carries a legacy of power and wealth that dates back thousands of years.
Technorati Tags: No Tags
Related Tags: No Tags
