I sent my jewelry and gemstones to sellyourgold. This included 5 14k gold rings, and 5 loose diamonds. 2 of the rings also had diamonds. I got an offer for 217.00, I told them no deal. So they came with another bid for 417.00, I still refused, then I was offered 617.00. I told them just to send my jewelry back. When I received my package back, one ring that was very old and rare, had the 14k scratched out, and they took the diamond. This was a 14k white gold. I took the ring to 2 different jewelers, and the both confirmed that the 14k had been scratched out, because you could still see the k as in 14k. … read more ->
Gold prices fell to a six-week low on Tuesday, with firmness in the dollar sapping demand as investors awaited the Federal Reserve’s two-day policy meeting starting later in the day and its economic outlook.
The dollar was firmer against the euro and most other major currencies except the yen after a broad sell-off in U.S. stocks on Monday raised doubts about the economic recovery, with gloomy World Bank forecasts adding to weak market sentiment.
Gold has often benefited from a similar sense of investor risk aversion, but traders said the dollar’s strength was instead weighing on bullion at the moment.
A stronger dollar also makes dollar-denominated assets appear more expensive.
“Right now, market players are closely watching the dollar given … read more ->
TOKYO – Gold clawed back above $930 an ounce on Tuesday, after falling by more than $30 from last week’s peak of $965 on a rally in the dollar, which had led to a shift of funds out of commodities.
While light physical buying has stopped gold’s fall at around $925, investors are cautious about buying aggressively given renewed weakness in global stock markets and after the euro hit its lowest level in almost a month against the dollar.
Gold had risen to $932,10 an ounce by 0542 GMT, up 0.5 percent from New York’s notional close of $927,85. It was down 3,4 percent from last week’s peak of $965,25.
Earlier this month, bullion rose towards $1 000 an ounce … read more ->
A short technical and fundamental analysis of the Gold Price today…
IT IS ALWAYS too easy to ask “Can I buy at the bottom and sell at the top?” notes Julian Phillips of the Gold Forecaster.
But life doesn’t let too many of us achieve such perfection. Some investors believe that once you have the technical picture giving the top and the bottom that will do the trick, but – alas – many technical analysts will come up with different prices for tops and bottoms in any market.
So how does a professional approach the question? He looks from all sides, but particularly studies the fundamentals, which dominate the future price direction. Then he uses the technical picture to … read more ->
Gold has now doubled since the Euro first got where it stands against the Dollar today…
SINCE THIS decade’s Dollar Decline first pushed the Euro above $1.35 in late 2004 – a level it reclaimed this week – the price of gold has gone on to double for both US and Eurozone citizens.
American investors and savers would have been much better off Buying Gold instead of Euros, in other words, as would everyone else. And looking ahead, “These days, currency weakness, relative to other currencies, matters less for gold,” reckons Standard Bank’s Walter de Wet.
“All major currencies are being devalued, and as a result – and on a relative basis – currencies are trading in the same ranges … read more ->
BACK IN 2001, writes Byron King for the Rude Awakening, gold traded as low as $250 per ounce.
Then, over time, gold rose slowly, but steadily, as investment demand rose, reaching just over $1,000 per ounce early in 2008. Gold pulled back and hovered in the range of $800-900 for much of 2008 and then climbed back up to the $1,000 mark again in February 2009.
Despite a pullback in March, it looks like gold wants to break the $1,000 mark again…and stay there. Indeed, the Gold Price may see $2,000…even $3,000 I believe…in the next two years.
But before we get to that, let’s explore a few of the driving forces behind Gold Investment and its once and future … read more ->
The outlook for Gold Prices, buoyed by central-bank monetary policy…
EXPANSIVE MONETARY POLICIES by central banks worldwide have improved the long-term outlook for commodities, says Commodity Online – led by precious metals such as Gold Bullion, as well as soft commodities.
According to a research report by Credit Suisse, the latest rally in commodity prices was driven by central-bank policies, Chinese strategic buying of key resources, and short-covering by speculative traders. Gold Prices rose in the past few months, mainly driven by safe-haven demand amid the global financial and economic crisis. While this demand supported prices, it also generated risks, some of which materialized – with safe-haven investors taking profits, resulting in a price decline.
The softening of prices gave … read more ->
THE PURPOSE OF THIS LETTER IS TO EXPLAIN WITH NUMBERS HOW YOU CAN BE CHEATED AT THESE
GOLD PARTIES WHICH ARE GOING ON AT HOMES, RELIGIOUS PLACES, SCHOOLS.
FIRST LET’S AGREE ON ONE SIMPLE THING “NO BODY DOES BUSINESS TO LOSE”.
I WILL START WITH SIMPLE NUMERICAL VALUES.
1- ONE TROY OUNCE = 31.103 GRAMS
2- 1 DWT = 1.5551 GRAMS ( THIS IS KNOWN ALSO AS PENNY WEIGHT )
3- PURE GOLD IS 24 KARAT OR 999.9 PURITY.
4- 21 KARAT GOLD IS 0.875 PURE OR 21/24= 0.875
5- 18 KARAT GOLD IS 0.750 PURE OR 18/24= 0.750
6- 14 KARAT GOLD IS 0.585 PURE OR 14/24= 0.585
7- 10 KARAT GOLD IS 0.417 PURE OR 10/24= 0.417
THE … read more ->