Monday, February 21, 2011
Where to Gold Mine?
Gold mining has taken place in the United States for hundreds of years. It began in North Carolina in the late 1700's. It has been popular ever since. Everyone knows about the California Gold Rush in 1848. But many people think that the mines have been exhausted in California due to the sheer quantity of miners that traveled there. That is not true. There are hundreds and hundreds of miles of gold deposits in the Sierra Nevadas in Northern California. The most famous gold mining district is the Mother Lode. Miners are still flocking to the area and continue to find uncharted territories. If you want to find a gold mine for sale and start your own adventure, there are many available to you. Find one at a good price and then get rich!
Saturday, February 12, 2011
Investing in Gold
Buying gold has always been a great investment. In 1970, gold was $37 an ounce. Now it is almost $1,400 an ounce. That's an increase of 3,700% - or about 90% a year! What other investment yields 90% per year?! None. Now gold will likely not continue that pace, but it will continue to rise.
With all the wars going on around the world, with governments continuing to print money, and with central banks buying gold whenever they can, gold has no reason to decline in value. Gold is a proven method of preserving value, especially when a national currency is losing value. The dollar is weak and its getting weaker due to economic policies that don't appear to have an end in sight. Worldwide gold production is not rising as fast as gold consumption. The supply cannot meet the demand. This is why prices will continue to rise.
There are many ways to invest in gold. You can buy gold bars or coins. You can purchase gold certificates. You can invest in gold mining companies, or even buy a gold mine of your own. They are cheaper than you think. However you decide to invest, make sure you do so now! Gold has been going up for 40 years and it's not stopping any time soon!
With all the wars going on around the world, with governments continuing to print money, and with central banks buying gold whenever they can, gold has no reason to decline in value. Gold is a proven method of preserving value, especially when a national currency is losing value. The dollar is weak and its getting weaker due to economic policies that don't appear to have an end in sight. Worldwide gold production is not rising as fast as gold consumption. The supply cannot meet the demand. This is why prices will continue to rise.
There are many ways to invest in gold. You can buy gold bars or coins. You can purchase gold certificates. You can invest in gold mining companies, or even buy a gold mine of your own. They are cheaper than you think. However you decide to invest, make sure you do so now! Gold has been going up for 40 years and it's not stopping any time soon!
Wednesday, February 2, 2011
Who Has the Most Gold?
The world's largest gold reserves are truly massive. Gold reserves are held by large corporations and countries to guarantee loans, secure currencies, and to invest. So who has the most gold?
5. France
Value of Reserves: $115.97 billion
Holdings Total: 2,684.6 tons
4. Italy
Value of Reserves: $116.75 billion
Holdings Total: 2,702.6 tons
3. International Monetary Fund (IMF)
Value of Reserves: $135.56 billion
Holdings Total: 3,137.9 tons
2. Germany
Value of Reserves: $161.99 billion
Holdings Total: 3,749.8 tons
1. United States
Value of Reserves: $387.32 billion
Holdings Total: 8,965.6 tons
The United States has far and away the most gold of any country. One of the reasons is to back the massive debt. But it has also been a great investment for the government. Gold has always been a great investment. Whether it be gold nuggets, gold mines, or gold dust, gold has made people rich from ancient times until present day.
5. France
Value of Reserves: $115.97 billion
Holdings Total: 2,684.6 tons
4. Italy
Value of Reserves: $116.75 billion
Holdings Total: 2,702.6 tons
3. International Monetary Fund (IMF)
Value of Reserves: $135.56 billion
Holdings Total: 3,137.9 tons
2. Germany
Value of Reserves: $161.99 billion
Holdings Total: 3,749.8 tons
1. United States
Value of Reserves: $387.32 billion
Holdings Total: 8,965.6 tons
The United States has far and away the most gold of any country. One of the reasons is to back the massive debt. But it has also been a great investment for the government. Gold has always been a great investment. Whether it be gold nuggets, gold mines, or gold dust, gold has made people rich from ancient times until present day.
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