Making Wise Gold Investments by Avoiding Coins

Most investors advise that you have a portion of your portfolio in gold. This is because the price of gold has been rising for decades, making it one of the safest investments. It’s also expected that gold prices will skyrocket in the coming years because of the shortage around the world. Take a look at the reasons why gold is a good investment and how you can be the most successful trading this commodity.

Make Gold Part of Your Investment Portfolio

Gold Investment Portfolio

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It’s never a good idea to invest all of your resources in one thing especially a physical commodity. However, you definitely should have a portion of your investment portfolio in gold. If there comes a point in history when the U.S. dollar no longer has any value, you’ll be glad you invested in gold because you’ll still be able to get the things you need to live. And, with the shaky economy, nobody can be certain about the future of the U.S. dollar.

There are a couple different ways to invest in gold. You can purchase gold bullion bars, invest in gold futures, or buy gold coins and jewelry. The best method is gold bullion bars, but gold futures, coins, and jewelry, are easier to store and acquire. You’ll have to choose the best method for you but don’t miss out on your opportunity to buy gold while it is still at an affordable rate. You’ll be grateful you made this sound investment even five or ten years from now.

Understanding Gold Futures

Gold Futures

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If you don’t want to store gold as a physical commodity, you can buy gold futures. This is the second best way to invest in gold, but it can backfire because you are given a dollar value instead of a physical commodity. So, when you go to trade your gold futures, you might not get their true value. However, gold futures are a good option if you don’t have the space to store gold bullion bars and you don’t want to pay for a safe deposit box at your bank.

Avoid Investing in Gold Coins and Jewelry

Gold Coins

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Even though gold is a good investment, gold coins and jewelry aren’t the best choice. This is because the gold in gold coins and jewelry isn’t as pure as the gold in bullion bars. Plus, some people don’t want to buy gold coins and jewelry because they don’t want to melt them down. Additionally some gold coins have historical value that prevents them from being sold at their true gold value. You’re better off investing in gold bullion bars, if you can afford it. They are the easiest form of gold to trade because the value is easy to determine.

Add gold to your investment portfolio for some variety. You’ll be glad you made this decision if the U.S. dollar ever drops to an all-time low. Do you have any other advice for people looking to invest in gold?

4 Ways Gold is Used for Medicinal Purposes

Unbeknownst to many of us, gold has many uses in medicine, and some might surprise even the most knowledgeable people. Gold has been part of medicine for millenia, going back 5,000 years when it was first used to revitalize the body by the Egyptians. In those times, people thought gold had special powers. In medieval times, it found use as a cure for arthritis. Today, we use gold in different ways from detecting to curing the most deadly diseases.

Gold Radiates a Cure for Cancer

Medicinal Gold

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Gold treats some types of cancer like ovarian and prostate cancer. Doctors inject radioactive gold particles into areas with cancerous growths and the radiation helps fight the cancer over time. Gold has many qualities which make it suitable for this treatment. Since gold is very inert, it is safe to inject it into the body and it will not degrade.

Other properties make gold an exceptional choice. Studies found gold cancer treatments extend life and reduce pain and physical wasting often associated with cancer. Gold is usually a last resort, and used only to treat inoperable cancers using current surgical techniques. Gold lasers will kill cancers without causing damage to neighboring cell tissue.

The Gold Diagnosis: Positive

Gold Diagnostics

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Gold is also used to diagnose a range of diseases and viruses. It is prepared in a solution called Colloidal Gold and radiated. Doctors then inject it into the body. The radioactive gold emits beta particles as it moves through the subject. By tracking the emissions, doctors can diagnose conditions such as syphilis and influenza.

A Magic Pill Made of Gold

Golden Pill

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Starting in the early 1900’s, Colloidal Gold treated alcoholism. In modern times it can stop addiction to cigarettes, alcohol and even caffeine. But there are many more uses that make it a true golden solution. As far back as the late 1800’s and right up until today, gold is used to relieve arthritis pain in joints and muscles. It also helps by increasing blood circulation and can solve heart problems.

Gold has a balancing effect in the body that Europeans have long relied on. They often take gold in pill form and have been doing so for over a century. Gold helps to re-balance certain parts of the body like the digestive track and even the brain. It can also help reduce hot flashes or chills by regulating the body’s core temperature.

Gold Takes a Surgical Approach in Medicine

Surgical Gold

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Gold is also used during surgery to seal blood vessels, nerve endings and arteries. Since it is so malleable and stable, it makes the perfect metal for a quick suture. Doctors also use it to mend bones. Many surgeon’s tools are made of gold like forceps, surgical knives and other tools used during surgery everyday.

As you can see, gold has several uses in the medical field. From curing cancers to rejuvenating bodily functions, it is an extraordinary metal.

10 Strange Song Titles Containing the Word “Gold”

Gold is a precious metal that captures everyone’s imagination. When people talk about what they would do if they suddenly became wealthy, creating something outrageous out of gold is usually one of the first things they mention. This shiny metal has also captured the imagination of songwriters all over the world and has produced some rather unusual song titles.

“Heart of Gold” by Neil Young

Heart of Gold

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The lyrics to this song are very insightful, but the title does not necessarily suggest a song with any great message to it. It is a song about longing and searching for someone who genuinely cares, but Neil Young continues to get old in his search for a heart of gold.

“Sister Golden Hair” by America

Sister Golden Hair

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The band known as America had several hits in the 1970’s, but “Sister Golden Hair” was probably its most popular. It is a song about a woman with blonde hair who gets left at the altar, but it is told from the point of view of the groom with cold feet.

“Band of Gold” by Freda Payne

Band of Gold

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This is another depressing song that associates gold and marriage. This is about a woman contemplating her life after a failed marriage. Freda Payne originally recorded it in 1955, but it has been covered repeatedly by other artists ever since.

“Goldfinger” by John Barry


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This was the title song on the soundtrack to the 1964 James Bond movie “Goldfinger.” When taken by itself, this title could be one of the strangest gold-related titles ever recorded.

“Gold Teeth On A Bum” by Dillinger Escape Plan

Gold Teeth on a Bum

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The Dillinger Escape Plan is a metal band that has become known for their strange titles and even stranger song arrangements. This song is actually more about the irony of wealth, but its title definitely makes it interesting to listen to.

“Seven Cities Of Gold” by Rush

Seven Cities of Gold

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The Canadian band Rush is known for its epic songs, but this is one that many Rush fans may not be familiar with. It is an interesting story that talks about the challenges a person meets in the course of their lives. This is off the band’s 2012 release “Clockwork Angels.”

“The Power Of Gold” by Dan Fogelberg

The Power of Gold

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Dan Fogelberg is known for his insightful songs and his interesting stories. This song is about the trappings of success and what having a little money can do to a person’s life.

“All The Gold In California” by The Gatlin Brothers

All the Gold in California

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This was a very popular song in the 1970’s because of its sing-along chorus and its generally happy nature. Can you imagine what you would do if you had all the gold in California?

“Your Gold Teeth” by Steely Dan

Your Gold Teeth

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People familiar only with Steely Dan’s soft rock hits of the 1970’s may be surprised to hear that the band has a very jazzy and intense side. This song was one that the group used to showcase its musical talents.

“Fool’s Gold” by Stone Roses

Fool's Gold

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This 1989 release by the Stone Roses instantly rose on the charts in the UK, the United States and countries all over the world.

Gold is a popular topic in music. But sometimes it is hard to tell what a song is about just from the title.

Nine Fascinating Facts About Gold

As useful as it is beautiful, gold is the king of the elements. Here are some fascinating facts about the world’s most popular metal.

1. Three Quarters of the World’s Gold May Have Already Been Mined

Gold Mine

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Human beings have extracted about 166,000 metric tons of gold from the ground during our entire history. As of 2011, the US Geological Survey has estimated there are about 51,000 unmined metric tons of gold worldwide.

2. The First Coins Were Made of Gold

Gold Coins

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The Lydians made the first coins in the fifth century BC. They lived in an area that is now part of Turkey. The metal in the coins was a natural mixture of gold and silver called electrum.

The practice of using coinage instead of bartering must have had its advantages. Not long after this invention, the Persians conquered the Lydians, and they started using coins, too.

3. Trillions of Dollars Worth of Gold Are Dissolved in the Ocean

Ocean Gold

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Seawater contains an average of 13 parts per trillion of gold. Altogether, it amounts to about 25 billion ounces of gold. However, the cost of removing the gold from the water would still be more than it’s worth.

4. Gold May Have Formed in a Huge Freak Explosion in Deep Space

Gold in Space

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Most of the Earth’s elements were created by stars that were going through the supernova phases of their lives, acting as furnaces for atomic fusion. Many scientists say that gold could not have formed in this way. However, some astrophysicists believe that gold formed when two neutron stars collided, during one of the most violent occurrences that ever takes place in our universe.

5. Gold Has Been Found on Every Continent

Gold on Every Continent

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Although gold is a relatively rare substance—it’s 75th in commonness out of 90 naturally occurring elements on earth—it is distributed everywhere. Some places are richer in deposits than others, such as Australia, South Africa, and Nevada in the United States.

6. Twenty Percent of Gold Used for Decorative Purposes Is Contained in Indian Saris

Indian Gold

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Gold is so malleable that it forms not only the finest gauges of wire, but fine, flexible thread that people can sew. In India, this thread is used to embroider fabric for making flowing wrap garments called saris.

7. Glass Treated With Gold Repels Infrared Rays

Repel Infrared Rays

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The infrared, or heat-inducing, waves from the sun reflect off the crystalline structure of gold atoms. Glass treated with gold shielded the eyes of the Apollo astronauts outside the earth’s protective atmosphere. Today, gold-treated glass helps to control the temperature inside glass-walled buildings.

8. Injections of Gold Once Fought Arthritis

Gold Injection

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Gold is not only nontoxic, but also has anti-inflammatory properties. In the early twentieth century, doctors administered gold injections to people suffering from rheumatoid arthritis. Less expensive and even more effective therapies have now replaced the gold shots. It’s still a medical mystery how they worked.

9. Discovering Gold Is No Longer an Accident

Discover Gold

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People used to find gold by chance. When General John Sutter was building a sawmill in Coloma, California in 1848, an employee of his discovered lumps of gold at the construction site. This was the beginning of the Gold Rush of 1849.

Today, geologists know that they are more likely to find gold near fault lines where water has circulated. It is most likely to be discovered along with certain other minerals including quartz, silver, calcite, and ironically, pyrite, which is sometimes mistaken for gold.

Gold is not only an attractive metal, but an intriguing one, too.

Don’t Get Ripped Off! Know the Value of Your Gold Before Selling

A tight global economy means that people are looking for ways to bring in some extra cash whenever they can. One of the methods for getting some extra money is selling off gold jewelry that has been sitting around for years. Just because you need the money does not mean that you should become a victim. The more that you know about the value of gold, the less your chances of getting ripped off when you go to sell it.

What is a Karat?

Gold Karat

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A karat is a value of measurement assigned to the amount of actual gold in a piece. For example, a 10-karat piece has less real gold in it than a 14-karat piece. It is based on percentages and the actual percentages are:

  • 10-karat is 42 percent pure gold
  • 14-karat is 58 percent pure gold
  • 18-karat is 75 pecent pure gold

The rest of the metals are fillers that have no value. You can purchase testing kits online which will accurately let you know exactly how many karats your jewelry is so that you can get a fair price for it. It will also help you understand how much of it you will actually get if you send it to a refinery.

Know Your Options

Gold Options

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When you are looking to get a fair price on your jewelry, it is always a good idea to gather prices from various sources. This does not mean that you should go to different jewelry stores, it means that you should try different kinds of jewelry buyers to get your pricing. Pawn shops, jewelry stores, online gold buyers, gold buying home parties and refineries are just some of the places where you can get fair prices for all of your gold jewelry.

Separate Your Gold

Gold Treasure

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A gold coin could potentially have more value than a gold necklace, because the coin could have been minted to be worth a value above the value of just the metal. A gold coin that was part of sunken pirate treasure is also going to have more value than a standard gold coin. With more people scouring the oceans for sunken gold, it is not unusual to see gold coins from the 15th and 16th centuries show up in people’s collections. Separate your jewelry and see if the intrinsic value of the piece may exceed the value of the metal.

Get a General Understanding

Understanding Gold

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Before you go shopping for a car, you will spend hours on the Internet trying to determine a fair price for the vehicle you want. You need to use the same process before you head out to sell your jewelry. If you purchase a scale that can help you to weigh your gold in grams and combine that with your karat test, then you can use an online gold calculator to get an idea of what the gold is worth.

That pile of old gold jewelry you have been holding onto could pay your mortgage for a month or even be used as tuition for your child’s education. Before you actually sell your gold, you need to educate yourself on how to get a fair price so that you can avoid being ripped off.