In 2007, South Africa fell from its longheld position as top gold producing country in the world, being replaced by China. This may lead some to believe that gold mining output in China is increasing, but this is not the case. China’s output actually peaked in 2005 and has been falling since then. The reason that China overtook South Africa’s number one position is that South Africa’s output is...
India is known as the biggest consumer of gold in the world, much of it sold in the form of investment-grade jewelry (with high caratage and low design premiums). Privately possessed gold in Indian is estimated at 15,000,000 kilograms. But with gold prices high many Indians are rushing to sell their gold, seeing this as an opportunity to profit.
India normally imports 90% of the gold supply needed to meet demand....
Some precious metals firms foster the circulation of many myths, misunderstandings, and outright lies about the purchase and sale of precious metals. Generally, these misconceptions and falsehoods promote the notion that the government may again call in gold as it did in 1933 and that “reportable” transactions are preludes to confiscation. By cultivating such fears in investors, unscrupulous firms can...
Economic storm clouds are gathering on the horizon and when the economic storm hits, most traditional assumptions and expectations will be blown to smithereens. In other words, life as we have known it in the United States is about to change and change drastically.
The two things that will determine whether you and your family survive the storm are knowledge and action… knowledge of real money and how the...
Posted by
Collector on Feb 4th, 2010 in
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Silver: Used in photography, jewelry, in electronics because of its very high conductivity, as currency – generally in some form of an alloy, in lining vats and other equipment for chemical reaction vessels, water distillation, etc., catalyst in manufacture of ethylene, mirrors, electric conductors, batteries, silver plating, table cutlery, dental, medical, and scientific equipment, electrical contacts,...