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02/01/2023 3:30 AM     Current Market Price:     Gold:  $1,924.34/ozt   Silver:  $23.46/ozt   Platinum:  $1,023.54/ozt   Palladium:  $1,688.82/ozt  

Wednesday, March 26, 2014

Cutest Coins Ever Made? Anne Geddes For the New Zealand Mint

Photographer Anne Geddes has been long known for her adorable pictures of babies who are often photographed dressed as fairies, fairytale creatures, flowers and little animals. Her images have been published in books and calendars in 83 counties, and Geddes has proven herself to be a savvy photographer, clothing designer and businesswoman. Born in Australia and now living in New Zealand, Geddes has created a limited edition collection of coins for the New Zealand Mint.

Each of the four coins depicts a baby in typical Anne Geddes style - very cute, curdled up and sleeping! Each coin comes has a face value of $2 and is made of 999 fine silver. The first two coins in the collection were issued in 2012 (the babies sleeping on and in flowers) with additional ones issued in 2013 (baby in a cocoon) and 2014 (Christmas themed).

Sadly KMG Gold doesn't have any of these awesome coins in stock, but we promise we sell a wide range of other (slightly less cute) coins and bullion!
KMG Gold Recycling Anne Geddes NZ Mint Coins
Posted by Mike Gupton at 12:30 PM 0 Comments

Wednesday, March 19, 2014

What to Expect When You Visit KMG Gold

As you've probably heard by now, at KMG Gold we're known for our awesome customer service. We've been recognized by the BBB as an accredited business and we've even won five BBB Torch Awards for our outstanding customer service and business practices.

But if it's your first time selling your unwanted jewellery or other types of precious metals, you might not know what to expect or feel intimidated by the process. The good news is that we make it our goal to make our customers feel very comfortable and explainKMG Gold xray machine everything we do, step by step. Whether you've recycled with us a hundred times before or if it's your first time ever, we'll walk you through the entire process from the moment you step in the door.

And if you don't want to take our word for it, check out our Facebook reviews and see for yourself! The big theme we're noticing throughout the reviews is how happy our customers are that we explain everything to them, no matter how minor it seems. One of the foundations that we built this business on was customer education and it's still an important part of our mandate.

When you walk through our door, we'll ask if you've ever been here before and then invite you to place what you've brought in on a tray. Then we'll run a magnet over the metals to see if they're magnetic. Gold and silver aren't magnetic so if the magnet picks up the jewellery, it means it's just costume jewellery, which we don't purchase. After this, we'll use a jeweller's loupe to see if the metal has any markings on it, like 10K or 18K or 999. If it's silver, we'll make a notch in the metal and use acid to test if it is genuine. This does hurt the piece of metal or jewellery, but we always get your permission to make sure that it's okay before we do it!

If the item is gold or something other than silver, we might run it through our x-ray machine to get a quick and accurate analysis of the exact metal contents of the item. Putting the item in the x-ray machine doesn't do any damage to it, but we'll be sure to remind you of it just in case you're worried!

So don't be shy, come down to 620 Academy Road and we'll give you a complimentary assessment of whatever you've brought in to us. And if this is really interesting to you, you can even buy your own metal testing supplies at do what we do from inside your home!

Pictured: The KMG Gold xray machine.

Posted by Mike Gupton at 12:00 PM 0 Comments

Wednesday, February 26, 2014

KMG Gold Now Sells Local, Hand Crafted Jewellery

If you like shiny things as much as we do, you'll be pleased to find out that KMG Gold is now selling select wholesale jewellery. Available at our Winnipeg storefront on Academy Road or online here, KMG Gold is happy to offer their customers a new product to enjoy.

Most of the items we now sell in the wholesale jewellery category are earrings, although we do offer a few different pendants. The earrings and pendants we sell are made with 14K white gold or 14K yellow gold and are set with a wide range of different gemstones. Some of the gemstones include: citrine, garnet, blue topaz, diamond and many more.

Selling this jewellery allows us to support our local Winnipeg economy, something we're really happy to be able to do. Each piece of jewellery is handcrafted and brand new, made by Roger Watson Jewellers right here in Winnipeg. Roger Watson Jewellers is a company that KMG Gold trusts and has collaborated with in the past with excellent results, so we can't recommend them enough!

We invite you to visit us online and check out the big selection of jewellery, complete with pictures and detailed information about each piece. They make for a perfect gift for someone you love, especially if that someone is yourself. You can check out the birthstone chart below for a little inspiration!

You can order online with free shipping on orders over $100, visit us at Academy Road or give us a call and we'll set it aside for you to pick up. As always, if there's something you'd like to see us offer online or in our store, leave us a comment or connect with us on Facebook to let us know!




Posted by Mike Gupton at 12:00 PM 0 Comments

Wednesday, January 08, 2014

Gold Gossip: Fort Knox

KMG Gold Talks Fort KnoxFort Knox. You've definitely heard about it before but how much about it do you really know? Here's the KMG Gold rundown of one of the world's famous gold depositories that continues to drum up hype and excitement every few years.

For starters, Fort Knox is located adjacent to Fort Knox, Kentucky and is officially called the United States Bullion Depository. It was built in 1936 by the US Treasury Department on military land and cost less than $1 million to construct, about $10 million in today's dollars. The reason why Fort Knox was built so quickly was because of President Franklin D. Roosevelt's Executive Order 6102 in 1933, an order which forced American citizens to sell all their gold to the government. Between 1933 and 1937, the federal reserve of gold grew from $4 billion to $12 billion! With a huge growth in the amount of government-owned gold, a secure building was needed to store it.

Below the fortress-like structure of Fort Knox lies the gold vault, a room encased in 17,000 square feet of granite and protected by a blast-proof door that weighs 22 tons. It is also made of 4,500 square years of concrete, 775 tons of reinforcing steel and 700 tons of structural steel. In addition these high levels of physical security, Fort Knox is equipped with alarms, video cameras, minefields, barbed razor write, electric fences, closed circuit cameras and heavily armed guards and army units. To access the vault, staff members must dial individual combinations that are known only to them and no visitors are ever allowed in.

The first shipments of gold to Fort Knox began in 1937 and included everything from gold bullion to new gold bars made from old gold coins. The shipments were gradually made and were sent by 500 rail cars and by mail which were protected by the US Postal Inspection Service and US Treasury Department Agents. KMG Gold Gold Buyer Gold Bars

Throughout history, other precious items have been housed in Fort Knox for safekeeping. The Articles of Confederation, Lincoln's Gettysburg address, three volumes of the Gutenberg Bible and Lincoln's second inaugural address have all seen the inside of Fort Knox. During World War II, Fort Knox held the US Declaration of Independence, the US Constitution and reserves of European countries and key documents from Western History. The crown of St. Stephen and some of the Hungarian crown jewels were also held there.

It's estimated that Fort Knox holds nearly 3% of the world's mined gold, 147.3 million ounces. The price of a troy ounce of gold in 1934 was about $20 and in 1980 it was between $350-$450. Its current price is more than $1,200.

But gold hasn't been transferred in or out of Fort Knox in many years. The only time gold will leave the vault is to be tested for purity during annually scheduled audits. And some people believe that Fort Knox is actually empty! If Fort Knox is empty, what's in it and where is the real gold reserve? This would raise a lot of very interesting questions and we at KMG Gold would love to know more about it.

If you like conspiracy theories, Fort Knox is one topic that will definitely keep you busy for awhile!

Posted by Mike Gupton at 1:00 PM 0 Comments

Wednesday, December 18, 2013

'Tis the Season for Giving

With the holidays almost here, we at KMG Gold wanted to share the ways we're planning on giving back to the community this holiday season. One of our company mandates is giving back to the communities we operate in and we strongly believe in the importance of this.

KMG Gold supports a lot of community ventures throughout the year (including raising money for the Movember campaign for men's health, supporting a local soccer team, donating to the Goodwill Industries, Easter Seals Manitoba and the Society for Manitobans with Disabilities) but hasn't really done anything special during the holiday season. We thought it would be a great idea to expand our charity giving for the holiday season so we teamed up with the Christmas Cheer Board to help families in need.

The Christmas Cheer Board is a Winnipeg organization that depends solely on volunteers and the charity of others to help families in need through donations of food and money for their "Feed-A-Family" Christmas drive. This is the first year that KMG Gold is participating in the Christmas drive and we've pledged to sponsor a large family by purchasing groceries and Christmas gifts for the family. The food-filled hamper will be delivered to the family on December 20th by KMG Gold President Michael Gupton (possibly in a Santa hat, but no promises!).

We plan on further increasing our charitable donations as 2014 rolls in, so stay tuned on more information about that and how you can help, if you're interested in doing so. But for now we wanted to leave you with a few ways that you can help local families in need this holiday season. Click on any of the links below for more information about how to donate and where the nearest drop-off location to you is.

  • Christmas Cheer Board: Accepts money, groceries and unused toys (you can also donate toys to the Tower of Toys at the Forks Market)
  • Winnipeg Harvest: Winnipeg's largest food bank is especially looking for baby food and formula this season
  • Siloam Mission: Winnipeg's largest homeless shelter was recently damaged by a broken sprinkler head so they're looking for donations of basic supplies
  • Agape Table: A community nutrition centre that is looking for donations of warm winter clothing
  • Salvation Army: You can donate money to one of their iconic kettles or contribute to their annual Toy Mountain campaign
Happy holidays!

Posted by Mike Gupton at 2:30 PM 0 Comments

Friday, May 20, 2011

Mainland China's private demand to Buy Gold just keeps trending higher...

Mainland China's private demand to Buy Gold just keeps trending higher...

"IN THE competition for growing Chinese disposable incomes, gold is very quickly losing market share," said a London-based analyst in 2004...

China is now 10 years into opening up its gold market – half as long as India. But since nabbing the No.2 spot in terms of private demand in 2005, it's only grown hungrier for gold bullion, despite becoming the world's No.1 mining-producer nation, too.

How much hungrier? Courtesy of the data-fest buried in today's new Gold Demand Trends from our friends at the World Gold Council...

  • Just like in 6 of the previous 7 years, Chinese New Year 2011 marked a new quarterly record for private gold demand in mainland China;
  • In each of the last 3 years, the third if not third-and-then-fourth quarters went onto set new all-time highs again;
  • On the new stats, the Chinese New Year saw private mainland demand to Buy Gold equal 0.71% of GDP in the first quarter. That still lags India's huge 2.65% allocation for 2010 as a whole, but compares with 0.47% in Q1 2010;
  • In grams per capita, both Indian and mainland Chinese Q1 demand were equal to fully one-half of 2009 demand;
  • As our chart shows, an increasing volume of China's increasing savings is being devoted to gold. Yes, the Q1 figure over-states it, because the Chinese New Year marks very heavy demand. But it's plain that substitution for other, more "sophisticated" savings mechanisms hasn't just failed to grow; it's gone into reverse.

That's the first rush from BullionVault's reading anyway. Whether you're long, short or indifferent, it's worth reading the WGC's new report for yourself. Because anyone looking to defend their purchasing power long-term cannot ignore the way emerging Asia is storing an ever bigger chunk of its fast-growing savings.
 
Buying Gold today for your long-term savings? Get the safest metal at the lowest prices using world No.1 online, KMG Gold...

Posted by Mike Gupton at 8:24 AM 0 Comments