KMG Gold Recycling USA KMG Gold Recycling Canada
10/27/2023 9:30 AM     Current Market Spot Prices:     Gold:  $1,984.26/ozt   Silver:  $22.89/ozt   Platinum:  $926.20/ozt   Palladium:  $1,168.05/ozt  

Monday, June 19, 2023

Winnipeg Gold Buyer KMG Gold Recycling Open At 1220 Pembina Hwy

Winnipeg, June 19 2023: KMG Gold Recycling remains open at 1220 Pembina Hwy in Winnipeg. Free parking, accessible, vault storage, and 24-hour gold depository. Please visit for hours of operations.
Posted by Michael Gupton at 7:10 PM 0 Comments

Thursday, January 19, 2023

KMG Gold Recycling Hours of Operation

January 1, 2023
Winnipeg MB
KMG Gold Recycling at 1220 Pembina Hwy, East side, just north of McGillivray, at Waterford Ave in Winnipeg, Manitoba operating hours buying gold, silver, platinum and palladium, jewelry, dental gold and gold bars.
Store Hours:
Monday: 10:00 AM to 4:00 PM
Tuesday: 10:00 AM to 4:00 PM
Wednesday: 10:00 AM to 4:00 PM
Thursday:10:00 AM to 4:00 PM

Friday: Closed
Saturday: Closed
Sunday: Closed
Posted by Michael Gupton at 1:55 PM 0 Comments

Monday, November 15, 2021

New 1220 Pembina Hwy Store Hours

November 15, 2021: KMG Gold Recycling at 1220 Pembina Hwy, East side, just north of McGillivray, at Waterford Ave in Winnipeg, Manitoba has extended their operating hours buying gold, silver, platinum and palladium, jewelry, dental gold and gold bars.
Store Hours:
Monday: 10:00 AM to 4:00 PM
Tuesday: 9:00 AM to 5:00 PM
Wednesday: 9:00 AM to 5:00 PM
Thursday: 9:00 AM to 5:00 PM
Friday: 9:00 AM to 5:00 PM
Saturday: 10:00 AM to 4:00 PM
Sunday: Closed,

Posted by Michael Gupton at 12:04 PM 0 Comments

Thursday, November 26, 2020

COVID Update: KMG Gold Open For Business Remotely

November 26, 2020. Winnipeg MB.

COVID-19 Update:
In this time of uncertainty, the safety and well-being of our customers, staff and communities is our top priority. We're reaching out to let you know that we are here to help.

1220 Pembina Hwy & 620 Academy Rd locations are OPEN to Buy, Sell, Refine, & Pawn Gold, Silver, Jewelry, Coins & Bullion.
All of our normal goods and services are still available for pick-up, delivery, no-contact, remote, touchless, and curb-side.

Single, individual customers may drop-off, pickup, get paid, buy and pay, but are not allowed inside our showroom.

We also offer NO CONTACT - NO WAITING 24-HOUR DROP-OFF at our Bank Depository, available 24 hours a day at our 1220 Pembina Hwy location only.

KMG Gold 24-Hour Bank Depository

Posted by Michael Gupton at 1:42 PM 0 Comments

Tuesday, March 17, 2015

Ultimate Women's Show 2015 in Winnipeg

 Seize the opportunity to gather all the women you know - mothers-sisters-cousins-friends-neighbours and be prepared for a fun filled weekend of shopping opportunities, interactive demonstrations, exhibits, decorating, fashion, beauty, health and fitness and definitely entertainment! 
The Ultimate Women's Show is a truly femalelicious, sensational, entertaining and exciting weekend out for each and every woman visiting. This show presents the ideal opportunity to shop, learn, participate and enjoy!  There will be interactive exhibits, mainstage presentations and companies that will appeal to all senses - showcasing products and services for women of all ages.
This will be the third time, I believe, that KMG Gold has attended the Ultimate Women's Show at #AssiniboiaDowns #Winnipeg. We hope to see you there! Don't forget to bring you old unwanted gold jewelery for a free appraisal.
Posted by Mike Gupton at 7:40 PM 0 Comments

Monday, March 16, 2015

Hawaiian Rose Gold Better?

Just returned from a well deserved holiday in #Maui. Thanks Rolling Rock 
There were lots of tourists and cruise ship visitors that were at the #Gold shops looking at #Hawaiian gold. #rosegold etc. Rose gold is simply gold, mixed with a higher percentage of copper to make it appear reddish or rose coloured. There is nothing special about it. And it is not more valuable.
All karat gold is a mixture of gold, which is very yellow and soft, and other metals, such as silver, copper, zinc, tin etc. These other metals colour the final jewelry alloy as well as make it tougher and more resistant to scratches. As gold is very soft and easily scratched.
If Hawaiian jewelry is special to you, then it is well worth it, as that is what jewellery is all about.
Posted by Mike Gupton at 4:19 PM 0 Comments

Thursday, August 28, 2014

Quiet Pre-Holiday Trading
A quiet and subdued day in the precious metals market today, with pre-holiday trading holding gold in a narrow range.

Gold opened at $1284 in the Far East and drifted higher though the European hours, touching the high of $1287.00 on a slight weakening of the U.S. Dollar.  New York opened at $1286 retested the highs but drifted back off on a steady equity opening and general lack of interest.  Falling back to $1283, gold aimlessly traded between $1282 and $1284 for the rest of the session, closing the day $1283.75.

Note: The U.S. Dollar has been making continued new highs for quite a while; some technical analysts are beginning to write that they think it is overbought.  Such a retreat would be positive for gold.

Posted by Michael Gupton at 12:00 AM 0 Comments

Wednesday, April 02, 2014

Gold Bullion from Around the World

Just like the silver bullion that makes its way into KMG Gold, gold bullion is another popular item for us. Since we buy and sell gold bullion in all shapes and sizes, we have a lot of interested customers who purchase the gold bullion as a form of investment. As we mentioned in our last post about silver bullion, many investors prefer to purchase bullion in precious metal form because it protects against inflation and deflation.

Gold bullion coins and bars can be sold in many different ounces and come from various mints or mines from around the world. Gold coins vary anywhere in purity from .900 to .9999 and different mints have changed the gold content of the gold coins throughout the years. They are sold for more than their face value because of their high gold content so their face value is merely symbolic on the coins.

Here are some of the world's most popular gold bullion coins:
  • USA - Gold Eagle. Released by the United States Mint in 1986. The Mint also produces the American Buffalo and Double Eagle gold bullion coins.
  • Canada - Gold Maple Leaf. Released by the Royal Canadian Mint in 1979.
  • Australia - Gold Nugget. Released by the Perth Mint in 1986. One of the few countries which changes the coin's design every year. The Perth Mint also produces the Lunar Series I (1996-2007) and II (2008-2019) coins.
  • China - Gold Panda. Released by the People's Republic of China in 1982. One of the few countries which changes the coin's design every year.
  • United Kingdom - Gold Britannia and Sovereign. Released by the Royal Mint in 1887 and has been released off and on again through the present.
  • Mexico - Gold Libertad. Released by the Mexican Mint in 1981.
  • Austria - Gold Philharmoniker. Released by the Austrian Mint in 1989.
  • Russia - George the Victorious. Released by the Saint Petersburg Mint in 2006.

KMG Gold Gold Bullion Coins

KMG Gold often has a few of these different types of gold bullion coins (along with some bars) in stock at any given time, so just give us a call and we'll let you know what we have available for purchase!
Posted by Mike Gupton at 12:00 PM 0 Comments

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 12, 2014

Silver Bullion From Around the World

Silver bullion coins are very popular here at KMG Gold, with many people seeking them out as a form of safe investment. Many investors prefer silver (and gold) bullion to cash because they protect against inflation and deflation.

Although silver isn't typically used in currency anymore (Mexico is the only country that uses very small amounts in its coins), mints around the world produce their own silver bullion coins that investors and collectors enjoy. Oftentimes, with each new issue of the silver bullion coin in a year, the design will vary slightly but still obtain the coin's original theme.

Silver bullion coins and bars can be sold in many different ounces and come from various mints or mines from around the world. These silver coins and bars are typically 99.9% pure and labelled with ".999". They are sold for more than their face value because of their high silver content, for example, the United States 999-fine Silver Eagle bullion coin only has a face value of one dollar.

Here are some of the world's most popular silver bullion coins:
  • USA - Silver Eagle. Released by the United States Mint in November 1986 and has a face value of $1.
  • Canada - Silver Maple Leaf. Released by the Royal Canadian Mint in 1988 and has a face value of $5.
  • Australia - Silver Kookaburra. Released by the Perth Mint in 1990 and the one troy ounce coin has a face value of $1. Australia also has a Silver Kangaroo which was first minted by the Royal Australian Mint in 1993 and has a face value of $1.
  • China - Silver Panda. Released by the People's Republic of China in 1983 and comes in various sizes with various face values. The one troy ounce coin has a face value of 10 Yuan.
  • Britain - Silver Britannia. Released by the Royal Mint in 1997 and has a face value of 2 pounds.
  • Mexico - Silver Libertad. Released by the Mexican Mint in 1982. These coins do not have a face value.
  • Austria - Silver Vienna Philharmonic. Released by the Austrian Mint in 2008 and has a face value of 1.50 Euro.
  • Russia - George the Victorious. Released by the Saint Petersburg Mint in 2009 and has a face value of 3 rubles.
If you're interested in purchasing silver (or gold or sometimes even platinum!) bullion coins or bars from KMG Gold, please give us a call at 1-877-468-2220 or shop online to see what we have in store. We would be more than happy to set anything you'd like aside for pickup - even if it's not silver bullion
KMG Gold Silver Bullion
Posted by Mike Gupton at 11:30 AM 0 Comments

Wednesday, March 05, 2014

10 Things You Didn't Know About Coin Collecting

Source: Paul Fraser Collectibles

KMG Gold Buys Sells Coins and Numismatics1. Romans began collecting coins as early as 100 AD. Although collecting gold and silver bullion coins has taken place for hundreds of years, the common belief was that coin collecting as we know it today began during the Italian Renaissance. However, new evidence has come to light that suggests Emperor Augustus was interested in collecting coins, often giving old and foreign coins to his friends. One of the first commemorative coins produced was created under the reign of Trajanus Decium (AD 249-251) and depicted all of Rome's deified rulers.

This term describes the study of items of numismatic interest, aside from coins and notes. These items often appear under the "exonumia" heading under the backs of catalogs and some examples of these are the altered "hobo nickels" of the US, or China's good luck money charms, both of which are collectible.

3.Stamps were once used as currency
At the beginning of the civil war, American citizens began to hoard coins because they were worried about potential shortages. This, along with trade disruptions from the Confederate Army, led to a shortage of silver and copper-nickel coins and made small transactions nearly impossible.

In response to this, the Postal Currency Act was signed and the public was allowed to use stamps as currency. Inventor John Gault then came up with the idea of encasing the stamps in a small metal container to protect them and even had space for advertising on the back of the container.

4.Coin production is faster than ever
It took the United States Mint two years to produce its first million coins but the Philadelphia Mint can now produce the same amount in 45 minutes. In 2013, the US Mint produced 11.9 billion coins!

5.Current US $100 bills have a slight, conspiratorial difference in them
The clock in the vignette of Philadelphia's Independence Hall on the $100 bill is set to 4:10. However, on the new $100 bills released on October 8, 2013, the clock's hand now reads 10:30. Although there is apparently no significance in the times, the change has conspiracy theorists up in arms!

6.Uzbekistan has the least valuable currency in the world
In 2013 the BBC released a list of the world's least valuable currencies, with Uzbekistan topping the list. One Tiyin is worth the equivalent of 1,999 American cents or 3,038 British pennies. Other countries that were also at the top of the list included Burma, Tanzania and North Korea.

7.1907 was a special year for the US $20 coin
President Theodore Roosevelt ensured that the words "In God We Trust" (a phrase that is heavily repeated on US coinage) were not printed on the 1907 $20 coin. This was because he believed in the separation of church and state and he thought that it showed a lack of respect to God since the money would be used to buy worldly goods and services.

8.The US Mint is more than just that...
While the United States Mint holds 147.3 million ounces of gold that is worth $6.2 billion, it also holds valuable items that belong to other governments and royalty, like Britain's Magna Carta and the crown jewels of St. Stephen, King of Hungary.

It has also housed some of America's most important documents, including the Declaration of Independence, the US Constitution, the Articles of Confederation, Lincoln's Gettysburg Address, three volumes of the Gutenberg Bible and Lincoln's second inaugural address.

9.Travellers cheques are more interesting than you thought!
Between 1118 and 1307, the Knights Templar used a cheque system to fund the travels of pilgrims. This system worked a lot like today's traveller's cheques and was a precursor to how traveller's cheques work today.

10.Dirty money
Coins aren't as dirty as you might think. Only 13% of coins test positive for bad bacteria while 42% of banknotes test positive for bad bacteria like fecal bacteria. And the odor left on your hands after you touch coins is actually caused by you, not the coins. When skin comes into contact with iron, some of the skin oils break down and begin to decompose, creating that smell.

We hope this has been an enlightening post about the world of coin collecting for those who are unfamiliar with it. You can purchase a wide range of coins, numismatics and other products online with KMG Gold at!
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, February 19, 2014

KMG Gold Sponsors 2nd Annual Attire to Inspire Fashion Show

KMG Gold attends Easter Seals Manitoba Fashion ShowFor the second year in a row, and since its inception, KMG Gold was a proud sponsor of the SMD Foundation and KMG Gold attends Easter Seals Manitoba Fashion ShowEaster Seals Manitoba's second annual Attire to Inspire Fashion Show. This exciting fundraiser raised money for children, youth and adults with disabilities in Manitoba.

We love giving back to a good cause and this year was even better than last year because we were able to make it out to the event this time! Project Specialist Tasha DiLoreto (that's me!) and Office Manager Jodi Micelli both attended and we got to see a runway of beautiful clothing and local celebrities, not to mention the delicious food and wine that we were served.

KMG Gold was named the Inspire Sponsor of the show which was held in a new venue this year because it had expanded so much since last year. It took place at the Qualico Family Centre in the Assiniboine Park and 144 people attended the sold out show. The fashion show featured local clothing from several small boutiques in Winnipeg and all of the celebrities in attendance were also local Winnipeg persoKMG Gold attends Easter Seals Manitoba Fashion Shownalities, like Blue Bombers teammates, local news anchors and local politicians.KMG Gold attends Easter Seals Manitoba Fashion Show

We were so happy to be able to support such a fantastic cause and we can't wait to see the show again next year. Our guess is that it will expand again since it was such a fun evening, which is always appreciated in the cold Winnipeg winter!

In the meantime, we'll continue to support Easter Seals Manitoba in a new way: the Drop Zone Challenge! Come read about our quest to watch our boss Michael Gupton rappel down the side of one of Winnipeg's tallest buildings and help us reach our goal of raising $1,500.

Posted by Mike Gupton at 12:30 PM 0 Comments

Wednesday, February 12, 2014

Bitcoin 101

KMG Gold accepts bitcoinPerhaps you've heard of Bitcoin before, the digital currency that popped up in 2009 and which seems to be in the headlines every so often. There are numerous different opinions floating around about Bitcoin, a lot of them uninformed. Since KMG Gold has very recently begun accepting Bitcoin as a form of payment, we thought it would be a great idea to give our customers a quick overview of all things Bitcoin.

Here's the lowdown: Bitcoin is a digital currency that people can transfer between one another by using cryptography to control its creation and the transfer of funds. Bitcoin aren't regulated by any country or any person, the way they even come into existence is through a process called mining where people verify and record payments with one another. Bitcoin are stored in digital wallets which are essentially different software programs that you would use on your computer or smartphone. Bitcoin can be transferred instantly and if you're using your smartphone, it would use a QR code to do so.

KMG Gold accepts bitcoinBitcoin can be bought and sold and traded across anywhere in the world and is somewhat anonymous in the sense that only the Bitcoin address is viewable and not the owner's name. Bitcoin can be stolen and it is impossible to get them back, which is why Bitcoin often generates a lot of flack. However, this can be prevented by working with trustworthy individuals and companies, which is why KMG Gold is eager to adopt this additional form of currency.

Like we mentioned earlier, KMG Gold is now accepting Bitcoin as a form of payment at our 620 Academy Road location in Winnipeg, and is one of the first merchants in town to do so. This means you can use Bitcoin to buy gold, silver, platinum and palladium bullion, gold testing supplies, coins, numismatics and handcrafted jewellery. In the near future, KMG Gold will also be a trusted seller of Bitcoin, offering customers a safe and easy way to purchase Bitcoin.

If you're interested in learning even more about Bitcoin, visit CoinFest Winnipeg 2014 this Saturday February 15. KMG Gold is one of its proud sponsors. It's running from 1pm-5pm at the Santa Lucia Pizza lounge at 4 St. Mary's Rd and will share information about Bitcoin to individuals and local merchants looking to learn more about the digital currency. There will be guest speakers, a Q&A session and door prizes at this event so be sure to come on out if you want to learn more!

Have more questions? Check out this video below that is very informative.

Posted by Mike Gupton at 12:00 PM 0 Comments

Wednesday, January 29, 2014

KMG Gold Attends Manitoba Dental Convention Trade Show

KMG Gold Dentist Convention Dental GoldAt KMG Gold we love trade shows because they're a fun way for us to get to know our customers and potential future customers. It's always nice to get the opportunity to introduce people to KMG Gold and the services we provide that they might not have known about before. We also like getting to know our community and other local business owners in such a friendly setting.

This past Friday and Saturday KMG Gold attended the Manitoba Dental Convention at the Winnipeg Convention Centre. We set up our booth at the trade show on Thursday night and bright and early on Friday and Saturday morning we got to meet all the dentists, hygienists, assistants and KMG Gold pens for trade showstudents who stopped by our booth.

We got to hand out some of our new swag (pens, magnets and bags, woohoo!) and chatted with the dental professionals about how KMG Gold can help them recycle their dental gold. We found that there are a lot of people who don't know exactly what KMG Gold can do for their dental practice and many were surprised by how much money they could get for their unwanted dental gold.

The next trade shows that we'll be at are the Ultimate Women's Show on April 12 and 13 and then the BBB Home Repair and Renovation Show on April 25-27.

We can't wait to see you there!

Posted by Mike Gupton at 2:15 PM 0 Comments

Wednesday, January 22, 2014

Gold Gossip: Earthquakes and Gold

KMG Gold Gold Buyers Gold Gossip Blog Series EarthquakesGold can be found across the globe but did you know that some experts believe that earthquakes can actually create new gold deposits? The latest in the KMG Gold Gold Gossip blog series is all about the role that earthquakes can play in gold production.

In the March 17, 2013 issue of the journal Nature Geoscience, it was reported that the water that is found in the faults created by earthquakes will vapourize during an earthquake and can create new gold deposits. The lead author of the study, Dion Weatherly, a geophysicist at the University of Queensland in Australia, believes that this theory offers an explanation for the link between gold and quartz found in many of the world's gold deposits.

When an earthquake hits, it moves along fault lines in the ground. Large faults can have many smaller fractures along their length which are connected by jogs that appear as rectangular voids. Water often lubricates the faults and fills in these fractures and jogs. And since these are often six miles underground, under very high temperatures and pressures, the water carries high concentrations of carbon dioxide, silica and precious metals like gold.

As the fault jog opens wider during an earthquake, the water inside of this void immediately vapourizes and forces silica (which forms quartz) and gold out of the fluids and onto nearby surfaces.

But don't get too excited because the amount of gold left behind after an earthquake is extremely small and the underground liquids only carry one part per million of the precious metal. However, these deposits can build up over time and can even occur with earthquakes with a magnitude smaller than 4.0. After all, the quartz-linked gold deposits are what sparked historic gold rushes like the ones in California and the Klondike, with prospectors tracing the gravels back to their sources, where hard-rock mining continues today.

The above picture is an example of what gold found in quartz looks like. This is an extreme example, but you never know what you might find!

Stay tuned for KMG Gold's next blog post, published every Wednesday. If there's a topic you'd like to read about, share your thoughts in the comments below or via Facebook or Twitter.

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

Thursday, January 02, 2014

Our New Year's Resolutions

We're so happy to be able to wish you a wonderful new year and to thank you for helping support KMG Gold and allowing us to grow into the thriving business that we've become known for.

We couldn't have done any of this without our loyal customers so we want to share how we plan on giving back to our community this year. We have a few things in the works for 2014 but as the year begins, we're lending our support to the Easter Seals and Society for Manitobans with Disabilities (SMD).

The SMD programs that are funded through Easter Seals Manitoba give people with disabilities the opportunity to further their education, build successful careers, develop their life skills, explore recreational activities and create connections with professionals and equipment that can improve their overall quality of life. The SMD also helps strengthen the abilities people already have, enabling them to develop new strengths so that they can truly live their lives to the fullest. KMG Gold proudly supports these mandates and is excited to partner up with such an important organization.

KMG Gold will be supporting the Attire to Inspire Fashion Show for 2014, becoming a sponsor for the second year in a row. We're so excited because this year we'll actually be attending the show too and we can't wait to see firsthand what they have in store.

But the thing we're most excited about participating in is the Easter Seals Drop Zone! If you aren't familiar with the Drop Zone event, you're in for a treat. An event that happens in several cities across Canada, individuals are invited to raise money for the Easter Seals and then rappel down the side of a large building. And since 2005, nearly 6,000 superheroes have raised more than $10 million for Canadians with disabilities.

Of course, we'll be sending our own Michael Gupton down the side of the building and we're still trying to decide which superhero he should dress up as. But as excited as we are to see him in action, we're even more excited about how many lives will be changed as a result of this event.

If you'd like to donate to this awesome cause, you can do so online here and you'll even receive a tax receipt for your donation. Or you can give us a call at 1-877-468-2220 if you'd rather donate that way!

Don't forget to stay tuned for fundraising news, events and updates from us!

Posted by Mike Gupton at 11:00 AM 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

Wednesday, December 11, 2013

KMG Gold wins BBB Environment Friendly Torch Award for 2013!

KMG Gold Recycling wins BBB Torch AwardWe're happy to be adding another beautiful Torch Award trophy to our collection this year. Our second win for 2013, KMG Gold has been awarded the Environment Friendly award from the Better Business Bureau. This is our fifth consecutive award from the BBB and we couldn't have done it without the nominations we received from our loyal and satisfied customers like you!

You might already know that the BBB Torch Awards is an annual program that recognizes businesses that build trust, advertise honestly, remain transparent in their business dealings, honor their promises and display integrity in all of their marketplace KMG Gold Recycling MIchael Guptonactivities. Companies are nominated by peers and customers and the winners are then selected by a panel of independent judges.

We're proud to announce that KMG Gold is currently the only company in the precious metal recycling industry to receive multiple BBB Torch Awards for Business Excellence and the only company to win the Environment Friendly award for 2013.

To be nominated for the Environment Friendly Award, a business must demonstrate leadership and innovation in minimizing the impact the business has on the environment. In our case, the environmental impact is much broader than just our business. All of the precious metals refined by KMG Gold are recycled and placed back into the world's precious metal markets. This helps reduce the demand for newly mined metals, which in turn, helps reduce both the amount of energy required to mine virgin metal, as well as decrease the amount of acid rock drainage generated by mine waste rock dumps and tailings ponds. By recycling their precious metals, KMG Gold customers have helped reduce the amount of acid waste rock generated by virgin mining of gold alone by more than three million tons.

Posted by Mike Gupton at 11:29 AM 0 Comments

Wednesday, December 04, 2013

Mike's Movember Wrap Up

KMG Gold's MIchael Gupton supports MovemberAs November came to a close, so did this year's Movember campaign. If you've been following our blog posts or seeing our recent Facebook updates, you'll recall that KMG Gold President and CEO Michael Gupton participated for the first time this year. Motivated by a KMG Gold Mike Gupton's moustache, last daydesire to help raise money for men's health, he decided to do a twist on the typical moustache and grow his into a handlebar!

We think he did pretty well, and so did his moustache! Mike raised over $185 to support Movember which came from donations from his family, friends and even a few KMG Gold customers. He said he had a lot of fun doing it so we're looking forward to round two in November 2014!

Although Movember is officially over, you can still donate to support the cause. You can donate via Mike's Movember page or through the Movember homepage. Donating to such a great cause is fashionable any time of year, whether or not a cool moustache is involved!

Posted by Mike Gupton at 2:07 PM 0 Comments

Wednesday, November 27, 2013

The 1954 Devil's Face Banknote Series

KMG Gold sells Devil's face Canada banknoteAs many of you may already know, KMG Gold does more than just recycle your precious metals; we also purchase old coins and banknotes. One of KMG Gold's most recent acquisitions is a 1954 Canada Ten Dollar Devil's Face banknote, a very popular item among collectors.

The banknote features Queen Elizabeth II and what some people say appears to be the devil's face in her hair (on the right side of her head). As soon as these banknotes began circulating in 1954 (in denominations of $1, $2, $5, $10, $20, $50, $100, $1000), someone immediately noticed the apparent demonic face in the Queen's hair and the banknotes became an instant controversy.

As you might suspect, accusations flew and many people were accused of pulling a prank. The first suspect was the designer of the bills, George Gunderson. KMG Gold Recycling buy gold sell gold jewelleryIn 1952, the Bank of Canada commissioned Gunderson, of the British American Bank Note Company, to design the issue of banknotes for 1954. However, Gunderson claimed he was merely working from a photograph taken by the Her Majesty's official photographer, Peter-Dirk Uys.

Fingers were also pointed at pranksters who worked at the Bank of Canada as well as at French-Canadian nationalists and IRA supporters. But the lack of proof caused the scandal to fade and Gunderson fixed the banknotes by simply darkening the Queen's hair and removing the shKMG Gold Queen Elizabethading that looked like a face.

New bills were printed and put into circulation while the so-called devil's face banknotes were pulled from banks and stamped with CANCELLED on the front and back, along with the stamp of the institution that cancelled it on the back.

The bill that KMG Gold acquired was the $10 banknote. Only 7,200 of these bills were printed and one in perfect condition can actually fetch you up to $4,000! The bill that we have, and that we're selling, has been circulated and certainly isn't in perfect condition. Regardless, this bill is quite the addition for a numismatic collection and we're selling ours for the (relatively!) low price of only $19.95.

If you want to come in to our Academy Road location to take a look at this neat piece of history, we'd be happy to show you! And if you're interested in purchasing it, you can give us a call at 1-800-468-2220 to have it set aside for you or simply order it online here.

Posted by Mike Gupton at 9:30 AM 0 Comments

Wednesday, November 20, 2013

It's Beginning to Look A Lot Like Christmas...

...around the KMG Gold office in Winnipeg! Thankfully the weather hasn't quite turned Winnipeg into a winter wonderland just yet but that hasn't stopped us from getting into the Christmas spirit around here. KMG Gold Recycling Christmas stockings

Our newest gold buyer Lindy loves to decorate the office for all the major holidays and Christmas isn't any different. You may have seen her flare for decorating if you stopped by the office in October and saw what she did for Halloween. She got out the KMG Christmas tree (prelit, thank goodness!) and trimmed it with shimmering ornaments, bows and candy canes. And if you stop by, we promise we'll let you choose a candy cane from the tree!

With winter coming we also wanted to share our newest promotions with you. If you've visited the store lately, you might have noticed the green sheet of paper attached to your receipt inviting you to like us on Facebook and write us a review about how your experience was. Everyone who shares their experience with us on the KMG Facebook page will be entered in a draw to win a $100 VISA giftcard!

The other promotion that we have going on is our monthly draw. For November we've partnered up with Just Breathe Aesthetics and we're inviting you to enter our in-store draw to win a $25 giftcard from the spa/salon. Take our word for it, it's a very relaxing place to get pampered and we strongly recommend their manicures and polish selection! KMG Gold's newest partner November

Stay tuned for more exciting holiday news as we get into December and don't forget to check our Facebook page for the latest updates and promotions around KMG Gold!

Posted by Mike Gupton at 9:30 AM 0 Comments

Wednesday, November 13, 2013

World Kindness Day

KMG Gold does MovemberWith November 13 marking World Kindness Day, we thought we'd share a little about what KMG Gold does to make the world a little more kind.

KMG strives to donate to a lot of great charities because we truly believe in the importance of giving back to our community and making it a stronger, better place to live in. If you follow our blog, you'll remember that in the summer we supported a local soccer team who made it to the finals! But with the ending of the summer and soccer season, we started looking for new ways to give back.

One of our more recent community service ventures was donating a real gold bar to the Special Olympics' Gold Gala on October 25, an event that celebrated the athletes and the people who support them. While we weren't able to make it out to the event itself, the pictures looked fantastic and we're sure that whoever won the silent auction for the KMG gold bar was as excited about it as we were! KMG Gold Michael Gupton

Our most recent charity venture is Movember. You've probably noticed the spike in men with moustaches in November and maybe wondered what it was all about. Well, it's called Movember (moustache + November = movember!) and men grow the biggest and best moustaches they can while raising money that goes to supporting men's health. Men usually take pictures of themselves throughout the process (we've been posting ours on the KMG Facebook page) and friends, coworkers and family members donate money to support them. You can donate with cash or a cheque but a lot of people find it easier and more convenient to simply visit the participant's individual Movember page and donate online.

With all that said, our boss Mike decided (read: was persuaded by the office) to join Movember and see how much he could raise and how great of a moustache he could grow. You can visit his Movember page here, or visit the KMG Gold home page and click on the moustache pic to be directed to his personal page. We post weekly updates on the KMG Facebook page and you can expect a blog post at the end of the month with before and after pictures, along with the grand total of money he raised for this great cause.

To all of the men out there doing Movember, good luck! Send us your best moustache pictures and we'll post some of the best ones we receive!

Posted by Mike Gupton at 6:30 PM 0 Comments

Wednesday, November 06, 2013

Inside the KMG Coin Shop: The Swiss Franc

KMG Gold sells Swiss RappenAt the KMG Gold head office in Winnipeg, Manitoba, we try to curate a collection of coins that is both interesting and desirable to collectors. If you've visited our new ecommerce website recently and taken a peek around, you've probably noticed that we're expanding our coin and numismatic collection daily.

While we have an impressive amount of Royal Canadian Mint coins for sale, we're also proud to offer a wide assortment of coins from around the globe. We find it very interesting to be able to look at different currencies from different countries and see how they're similar to, and different from, Canadian money!

We like a little excitement in the KMG Gold offices so we thought we'd share one of our coolest coin finds of the week, the Swiss franc. Called Rappen in German or centimes in French, these coins are among the world's oldest currency that is still valid today. The oldest coins, the 10 Rappen, date back to 1879 and are still KMG Gold sells 10 Swiss Rappenmade of their original alloy of copper and nickel. In 1967, francs that circulated with face values of 1/2 franc to 5 francs changed in composition since their silver alloy was worth more than the face value of the coin!

It's interesting that a Swiss Franc from 1879 looks identical to a modern day Swiss Franc (except for some wear and tear!). And each coin is still inscribed with the words Confoederatio Helvetica, the Latin name of the Swiss Confederation.

Each coin that exists is an interesting connection to history and KMG Gold is happy to offer a small selection of this interesting currency online and in-store.

Posted by Mike Gupton at 11:00 AM 0 Comments

Wednesday, October 30, 2013

The Results Are In...We Won!

After receiving dozens of kind nominations from our happy customers and being named a finalist by the Manitoba and Northern Ontario chapter of the Better Business Bureau, we're happy to announce that on October 21, 2013 we were named the winner of the 2013 Torch Award for Marketplace Excellence.

We won the award for a midsize business and were recognized for our display of honesty, integrity and transparency in all out marketplace activities. It is because of our strong customer service that we were able to win this prestigious award and we never could have done it without support from YOU, our happy customers.

President and CEO Michael Gupton started KMG Gold from inside his home (in his dining room, in case you were curious!) in 2007 and when the business outgrew the space, he moved to a Winnipeg storefront in 2009. Since 2009 and since the inception of the Manitoba and Northern Ontario BBB in that same year, we have worked hard to win four consecutive Torch Awards each year since then!

One of the reasons why KMG Gold has been repeatedly recognized is thanks to our mandate of strong customer service and education. When a customer walks into KMG Gold, our goal is to make them feel at home and comfortable with the precious metal recycling business. We want to educate our customers on the processes involved in purchasing their precious metals so that they can make informed decisions when they decide to sell their gold, silver, coins, etc. We believe this is very important since this industry often attracts its fair share of unsavory characters who are willing to do anything to get a sale.

If you nominated us for an award - thank you! And if you didn't, come by and see what sets KMG Gold apart from the competition!
Posted by Mike Gupton at 10:00 AM 0 Comments

Wednesday, October 23, 2013

KMG Gold Loves...Trade Shows!

At KMG Gold we love getting to know our customers, whether they're repeat customers or first-time visitors. This is one of the reasons why we love going to different trade shows. Trade shows give us the opportunity to reach out to new people and show them why we're so special. It's always a fun way for us (and the customer!) to spend an afternoon, meeting new people and getting to know other businesses and business owners in the community.

The most recent trade show we attended was the 50+ Living Show last weekend at Assiniboia Downs. Office manager Jodi was representing KMG Gold and offering complimentary assessments to anyone who was interested. Super friendly and easy to talk to, Jodi is one of the reasons why KMG Gold has won awards for being so accessible and customer-oriented.

We have a couple of other trade shows on our radar that you might be interested in if you missed us at the 50+ Living Show, or that you might be interested in even if you've already visited us. KMG Gold attends trade shows in Canada and the US so just make sure to take note of which city it's in! If you know of any trade shows that you think would be a good fit for us, we'd love to hear from you. Don't forget to drop us a line on Facebook and let us know what your favorite trade show is, no matter what type it is!
Posted by Mike Gupton at 12:08 PM 0 Comments

Wednesday, October 09, 2013

We've been nominated as a finalist for the 2013 BBB Torch Awards!

Thanks to nominations from dozens of satisfied customers, KMG Gold is happy to announce that we've been named a finalist for 2013's Better Business Bureau Torch Awards. We're so excited to be recognized for the strong customer service, honesty and integrity that we display in all of our business transactions.

If you live in the Winnipeg area, you might have already seen this exciting news that was posted in the BBB mailer that went out last week. KMG Gold has been named a finalist in the Marketplace Excellence category, an award that we won in 2011 and were named runner-up for in 2012. We're crossing our fingers that we'll be the winner this year and we'll find out on the night of the awards ceremony on October 24.

If you've ever wondered how the Torch Awards work and how businesses can win one, read on!

It starts with the nomination forms. A happy customer will fill out a nomination form that has a few boxes on it along with a few lines asking them to describe how a business went above and beyond the norm. All it takes is one form to be nominated, but KMG Gold was lucky to receive dozens from happy customers, all of which were sent to the BBB. Along with these nomination forms, a company also has to formally apply for the award, writing a few pages detailing what makes their business worthy of such a prestigious award, how they serve customers along the BBB's mandate of trust and integrity, how the company makes a difference in the community as well as in the lives of their employees.

It's a well-rounded report that takes everything from customer service to employee culture into consideration. You can be certain that every business who has been named a finalist is dedicated to providing the best customer service experience possible, which is why it's such an honour to have come this far for the third year in a row.

Posted by Mike Gupton at 11:00 AM 0 Comments

Wednesday, October 02, 2013

The Case of the $16,000 Engagement Ring

Like something straight out of a reality TV show (and perhaps a little more real!) comes your classic he-said-she-said battle over a staggering $16,000 engagement ring. After breaking off their engagement, Jessica Bennett and Pasquale Angelino Zampieri have found themselves in an acrimonious court battle over who gets to keep the expensive engagement ring.

This story has certainly given Canadians lots to talk about over the water cooler and we at KMG Gold definitely have our own opinions. Firstly, lots of us in the office don't even think the ring is nice, it seems like a knock-off of Princess Diana's (and now Kate Middleton's) engagement ring. But that's besides the real point of the story! The majority of us think that the ring was a gift and that Bennett is entitled to keep it - although whether she should keep it is an entirely different issue.

And then there's the issue of the kidney transplant. The Toronto Sun claimed that shortly after meeting online, and becoming engaged, Zampieri gave Bennett a kidney after which she broke off the engagement. However, the CBC reported that he did not actually give her the kidney after all!

CTV Winnipeg visited the KMG Gold Academy Road location on Sept. 20 to interview President Michael Gupton and get his thoughts on the story. His opinion? Whoever keeps the ring might find themselves disappointed at the selling price, which often is a fraction of what was originally paid for it.

Our final thoughts: leave this twisting drama to where it really belongs...on one of the Real Housewives shows!

Posted by Mike Gupton at 12:00 PM 0 Comments

Wednesday, September 25, 2013

What's New This Fall at KMG Gold

With the start of fall and people going back to school and work, September often feels like a fresh start. At KMG Gold we're welcoming the changing seasons and with it, embracing some exciting new marketing strategies and promotions that we want to share with you.

First and foremost, you might have noticed that we've expanded our presence on several digital media platforms. You can now join thousands of others and find us on Facebook, Twitter, Pinterest and Google+. You'll find daily updates with all things related to our business, the precious metal industry, the coin industry and other interesting topics. By subscribing to any (or all!) of our social networks, you'll be able to join the conversation and receive insider special offers, discounts and promotions throughout the year.

Another thing that we're excited about is our recent partnership with several businesses from the Academy Road Biz. Each month, we'll be featuring an in-store contest at our Academy Road location in Winnipeg with one of our new partners. If you drop by, you'll be able to enter a ballot to win a unique prize each month from one of the many businesses on Academy Road.

This month KMG Gold has partnered up with Blossoms Winnipeg, a locally-operated business that specializes in making custom fresh fruit arrangements. Perfect for big occasions, small occasions or even just treating yourself, these arrangements are as beautiful as they are delicious. We tried a box of chocolate-covered strawberries and they were heavenly so it's fitting that our first prize is a box of these delicious treats.

Posted by Mike Gupton at 12:15 PM 0 Comments

Wednesday, September 18, 2013

KMG Gold Sponsors KBI Bass Tournament - Again!

KMG Gold Sponsors KBIFor the second year in a row, KMG Gold was proud to sponsor the Kenora Bass International (KBI) Tournament that occurs annually in Kenora, Ontario. 2013 marked the 26th anniversary of the KBI, a day that is lots of fun for everyone involved. Held at the Lake of the Woods, the inaugural KBI Tournament began in 1988 with 48 boats in participation. Now, up to 150 boat teams compete in this exciting competition. KMG Gold 2012 Certificate

The rules are simple: each two-person team has three days to catch the largest bass they can. After the bass is weighed and the winning team is declared, the bass is released back into the water, alive and healthy! The friendly spirit of competition is certainly noticeable at the tournament and KMG Gold was excited to be a part of such an exciting atmosphere.

KMG Gold strives to partner up with local organizations and charities in an effort to give back to the community in which we operate. This is just one of the many ways that we set ourselves apart from other gold buyers in the community. If you are an organization or charity in our local community, please reach out to us and see how we can help you!

Posted by Mike Gupton at 2:00 PM 0 Comments

Wednesday, September 11, 2013

KMG Gold Sponsors Local Soccer Team Who Are Off to the Finals!

KMG Gold Sponsors Winnipeg Soccer Team Continuing one of our favourite traditions of giving back to the community, KMG Gold has sponsored a local Winnipeg soccer team for the second year in a row. KMG Gold has generously donated soccer jerseys to this team of exceptional young men who are heading into the finals this week.

Coached by Raffaele Richichi, the season has been full of exciting memories and victories for the dynamic team. At their August 25th game, KMG Gold Sponsors Local Soccer Team onto the Finalsthe last game in their regular season, they really needed a win to be promoted for the next season. The team was only able to field ten players for the game since many of their key players were missing and their defensive captain suffered an injury during the game. The eight field players and goalie still managed to kick their way to a 4-2 victory by playing an unconventional 4-4 system. Each and every player on the team did their part pull out this important victory against the strong opposing team on a scorching hot summer day! Richichi was proud of his team, saying that, "The result we got was quite the longshot and a prime example of overcoming adversity in our inaugural season."

Congratulations on your victories so far, gentlemen! Everyone at KMG Gold is wishing you the best of luck in the finals!

Posted by Mike Gupton at 7:00 PM 0 Comments

Wednesday, August 21, 2013

Have You Met Mike?

You may not have had the opportunity to meet KMG Gold's president and CEO Michael Gupton, but on Friday August 2, 2013, BNI Canada did. Professionally affiliated with BNI Canada for many years, Mike stopped by Winnipeg's own Winter Club to give a speech about his grassroots business and shared his recipe for such enormous success.KMG Gold President speaks at BNI Canada

BNI Canada is a professional marketing organization that specializes in word of mouth referrals, something that KMG Gold strongly identifies with. Mike attributes a large part of his business' success to the positive word of mouth referrals that happy customers have provided him with. These happy referrals played a large hand in KMG Gold being awarded three Better Business Bureau Torch Awards in two years in addition to being nominated for an additional two for this current year.

Always happy to address a crowd, Gupton delights in sharing insider tips about the gold buying industry and is always happy to lend his expertise regarding precious metal recycling.

So if you haven't met Mike yet, you should! Come drop by our Winnipeg location and we'd love to meet you.

Posted by Mike Gupton at 2:30 PM 0 Comments

Monday, July 15, 2013

KMG Gold Recycling Receives Two More BBB Nominations

As a previous winner of several Better Business Bureau (BBB) Torch Awards, KMG Gold Recycling is proud to announce that we've been nominated for two more of these highly-coveted awards for 2013. We've been nominated for the Marketplace Excellence award and the Environmentally Friendly award, both of which we've won in the past, and both of which we're crossing our fingers for this time around!

Since 2010, the BBB Torch Awards has operated as an annual program that recognizes businesses that build trust, advertise honestly, remain transparent in their business dealings, honour their promises and display integrity in all of their marketplace activities. Companies are nominated for the awards by peers and customers and the winners are selected by a panel of independent judges. KMG Gold is currently the only company in the precious metal recycling industry (and in Winnipeg!) to receive multiple BBB Torch Awards for Business Excellence.

According to Michael Gupton, President of KMG Environmental Inc., the parent company of KMG Gold, being recognized for the Environmentally Friendly Award this year is something very special. To be nominated for the Environmentally Friendly Award, a business must demonstrate leadership and innovation in minimizing the impact the business has on the environment. All of the precious metals refined by KMG Gold are recycled and placed back into the world's precious metal markets, helping decrease the amount of acid rock drainage generated by mine waste rock dumps and tailings ponds. By recycling their precious metals, KMG Gold customers have helped reduce the amount of acid waste rock generated by virgin mining of gold alone by more than six million tons.
Posted by Mike Gupton at 3:35 PM 0 Comments

Thursday, September 29, 2011

Scams & Predators

If you’re like us, you’re surprised these Cash-For-Gold scams and predators are still around considering the options available today. At KMG Gold, we're determined to educate the consumer so they can make the wisest decision possible.

Walking around the corner to sell gold coins and used jewelry for cash seems may seem appealing to some, it is definitely not the best idea. Businesses that provide cash for gold pay pennies on the true value of gold.

If individuals absolutely must sell their gold items for cash, they should be aware that the price of gold is only a small factor in the offer price provided by the Cash-For-Gold groups. A person may make a profit on a piece of jewelry or a coin purchased ten years ago just because the item is worth more than what was paid for it. The buyer in turn makes their money by reselling the item to a refinery. You have the option of dealing directly with the refiner hence cutting out the middleman.

Jewelry stores significantly mark up the price of gold items so they can make a profit. When a piece of gold jewelry is traded for cash, the offer received is not based on what the item is worth in metal value, it is based on how the store will use the item. If the gold piece is sent off somewhere to be melted, the store will receive the value is based on the melt weight.

With the high price of gold, it pays to be informed about the industry and the different transactions available. The more you know, the money may end up in your pocket and not theirs.
Posted by Caitlyn Diamond at 11:45 AM 0 Comments

Saturday, September 24, 2011

Ethics In The Gold Industry

One of the most important traits which is argued about and discussed in the gold industry is ethics. What’s more is that it’s on the pillars and basis of ethics that the gold industry is dependent. It has been witnessed that most gold dealings are conducted dishonestly. It is a very common activity of people to amalgamate gold with other substances. Therefore, a particular set of ethics have to be followed by gold dealers for avoiding different problems.

It is vital that the individuals which are being served should be offered complete dedication by all members of the gold industry. From the client’s point of view, it becomes a very constructive and faith building activity. There are several dealers in the industry which are dishonest so people do not know how to find an honest gold buyer. Even if a single member of the industry is dishonest, the reputation of the entire industry goes down the drain. In fact, if this happens, people will never revert to the same dealer if he is dishonest.

When dealing with the shareholders of the gold mining company, ethics again play a very important role. If there is even a small inkling that the company is conducting fraudulent activities, the government will have to interfere. The credibility and the reputation of the company will be destroyed in the occurrence of a scam. It is vital to lay importance of ethics in the event of a company wishing to carry out expansion.
In case of inter business dealings, ethics are also crucial. This is because if any competitor gets even a minor hint of any fraudulent activities, they will destroy the reputation of the company by disclosing the matter to higher authorities. In this case, legal action can also be taken by a company. In this manner, both the shareholders and the public will lose their trust in the company. Hence, business ethics should be followed in order to avoid such a situation.

The backbone of a company is its employees. Without the contribution of the employees, the company will cease to exist. Business ethics play a very vital role in the benefit of not only the company as a whole but also the employees because it leads to more productivity. In addition, the employees will work harder and with more dedication for achieving their aims in target as their confidence will be boosted.

KMG Gold Recycling which is a precious metal refinery in Canada is a perfect example of business ethics. It complies with all rules and regulations and work to maintain the faith and trust which people have placed in them. All business ethics are followed by it.
Posted by Caitlyn Diamond at 8:09 AM 0 Comments

Monday, September 12, 2011

Important Steps Involved In Buying Gold

The world economic scenario has undergone a lot of turbulence and uncertainty in the past few decades. Therefore, it is a secure alternative to make long term investments. The retirement accounts are decreasing, the stock exchange is also subject to huge fluctuations and the value of all currencies is on a decline. Gold has become a prized investment in such these circumstances. Gold has emerged as a winner because it has been able to withstand all the lashes of recession. Apart from being used in ornaments, gold also possesses immense historical value and importance. What’s more is that by buying gold at a lower price and selling it at a higher price, one can make money.

To ensure that gold proves to be a secure and reliable investment, people should understand some simple steps to buy gold. To gain a full understanding of the ins and outs of the market, people should thoroughly analyze the gold market. If one wants to know the potential value of gold holdings, people should understand the value of the metal and have complete knowledge of its historical relevance. Moreover, people should be aware that gold investment is not restricted to one specific option. People can buy metal futures, certificates, stocks of mining companies, wafers, physical bars and coins and mutual funds of precious metals amongst others.

Before settling on one form of investment, people should have a thorough understanding of the gold industry. In addition, the mode of investment which is selected should enable people to make money and should also be within means. Those investors should look for gold coins that have a limited allocation. Not only these coins have immense historical value, but are easy to transport and convenient to store and hold.

Finding a reliable gold dealer is the next step which has to be followed. It is essential to find a dealer who is honest, trustworthy and follows all business ethics from the ones which are available locally as well as online. All Canadian cities like Toronto, Calgary, Kamloops, Vancouver, Winnipeg, Victoria etc have their own gold dealers.

There are several gold dealers located in each city. It can be seen that people can save on the transportation and shipping costs can be saved if one opts to use a local dealer. On several occasions, people can gain confidence by investing in smaller items.

People can choose any gold refinery in Canada for confirming gold authenticity of gold with the help of gold assay services. KMG Gold Recycling is a suitable choice when looking for a precious metal refinery in Canada. People can make a decision once the refinery has analyzed the gold. KMG would be the ideal choice as it conducts all its transactions with honesty. 
Posted by Caitlyn Diamond at 6:20 AM 0 Comments

Friday, September 09, 2011

UBS Lifts 2012 Gold-Price Outlook by 50% to $2,075

According to UBS, the “ongoing global macroeconomic disappointments” has allowed them to boost its 2012 gold-price forecast by 50 percent. The metal will average $2,075 an ounce next year, up from an earlier estimate of $1,380, the bank recently stated in a report. Prices will average $1,725 in 2013, compared with a previous forecast of $1,200, UBS analysts led by London-based Edel Tully said.

Bullion has surged 28 percent this year, touching a record $1,923.70 an ounce in New York yesterday, as escalating debt woes in Europe and the U.S. spurred concern that the global economy will falter, lifting demand for haven assets. Gold is in the 11th year of a bull market as record-low U.S. borrowing costs boosted demand for an inflation hedge.

“The maintenance of U.S. rates close to zero means that gold is not in competition with assets that offer yield,” UBS said. “Economic growth expectations globally are declining, high debt burdens in Europe will continue to hamper growth, and the risk of a U.S. recession is rising. All of these factors are individually positive for gold. Taken together, they are a potentially explosive cocktail.”

Federal Reserve Bank of Chicago President Charles Evans said that the central bank should move “aggressively” to reduce unemployment and “seriously consider” further stimulus measures. The Fed has pledged to hold rates low for about two years. Unemployment has remained at around 9 percent or higher since April 2009.

Gold futures for December delivery fell $55.70, or 3 percent, to settle at $1,817.60 on the Comex in New York.

The metal will be “increasingly used as the line of defense against additional negative market outcomes,” UBS said. “Money will likely flow into the gold market over the months ahead and into 2012, and this should have significant price implications.”

Posted by Caitlyn Diamond at 10:58 AM 0 Comments

Thursday, September 08, 2011

Silver - The Perfect Alternative

The price of silver has been closely tracking that of gold during the precious metal’s bull run lately. Silver’s role as a precious metal has, at times has avoided any price negative news that has affected the other industrial commodities.

Silver benefits from gold’s rising prices largely because investors, whether in the paper or the physical markets, view it as an attractive leveraged play on gold. Silver offers exposure to the rising demand for safe haven assets at a cheaper price, sometimes earning it the title of “poor man’s gold.”

Of course, choosing silver as an alternative to gold has its risks, especially since the white metal isn’t entirely a precious metal. Silver’s price movements can be heavily impacted by favourable or unfavourable market sentiments regarding the health of the industrial sector, making the silver market highly volatile and prone to large swings in prices.

“Regardless of what happens, silver is still silver,” says Michael \Gupton of KMG Gold in Winnipeg. “It is considered both a precious metal with monetary overtones and also an industrial metal – two positive traits that affect its value.”

Worth the risk?

In spite of the risks, many people still find silver an attractive investment as it has the potential to bring far greater return on investment. The return on investment for silver can surpass gold as price movements over the last year have shown. From August 31, 2010, the price of silver year-over-year gained 115 percent compared to 47 percent for gold; meaning, that one hundred ounces of gold you bought last year for $124,770 made you $57,750 if you sold it one year later. However, you could have put that $124K all into silver and made nearly $143K for a total return of 147 percent more than your return on gold.

Over this next year, analysts expect gold prices to reach even higher and for silver to continue outperforming gold. “When we look at gold versus silver, we feel that silver prices could enjoy more of a gain over the next year or so." stated Gupton. 
Posted by Caitlyn Diamond at 10:36 AM 0 Comments

Wednesday, August 31, 2011

Gold Can't Be Held Down For Long

Gold Can't Be Held Down For Long

This has been a summer of more downs than ups in the investment markets but it could finally be coming to an end. We always maintained the opinion that a strong fall is upon us and we are still sticking to that prediction.

Instead of the normal, boring summer doldrums where many small-cap stocks lose 5-10% of their value due to a lack of liquidity, we had a very real, harsh summer correction across all major exchanges. $8 trillion was erased from the global equity markets in August. Even gold, the bright spot of the summer, reminded us this week that every dog has its day. The correction in gold was healthy and necessary for its continued run.

We watched gold's pullback this week as positive, only adding to our belief that gold is far from a bubble. Now, before you write us off as just another group of maniac gold-bugs, keep reading.

If you take the time to really analyze global asset allocation in 2011 compared to what it was a few decades ago, you’ll find that the gold sector is underinvested in and that less than 1% of global assets are situated in gold. How can anyone say that gold is a bubble about to burst given that statistic alone?
To add even more depth on this topic, I found one of the best explanations of why gold is not in a bubble. If you are invested in gold bullion, producing gold companies, or juniors with proven or soon to be proven gold resources - this is a must read!

The below excerpt is taken from the article, "Debunking the Gold Bubble Myth," and was authored by Eric Sprott and Andrew Morris in March of 2011.

"In their Gold Yearbook 2010, CPM Group noted that in 1968, gold held by individuals for investment purposes represented approximately 5% of global financial assets. By 1980 that amount had fallen to roughly 3%. By 1990 it had dropped significantly to 0.6%, and by the year 2000 represented a mere 0.2% of global assets. By the end of 2009, nine years into the gold bull market that began in 2000, they estimate that gold had increased to represent a mere 0.6% of global financial assets - hardly much of an increase. Gold ownership didn't change much last year either, as we estimate that this percentage increased to 0.7% of global financial assets in 2010. So despite gold reaching record nominal highs, the world holds about the same portion of its wealth in gold as it did over two decades ago. While this probably says more about the proliferation of financial assets over the past decade than it does about gold investment, it is surprising to note how trivial gold ownership is when compared to the size of global financial assets.

The increase in gold ownership from 0.2% in 2000 to 0.7% in 2010 is also misleading. If you consider the approximate $227 billion that was invested in gold bullion in 2000, that level of investment would have grown to $1.18 trillion, or 0.6% of financial assets, by the end of 2010 - based purely on gold appreciation alone.

In other words, the actual amount of new investment into gold since 2000 represents only 0.1% of current global financial assets, or about $250 billion. Although this number may seem large, consider that roughly $98 trillion of new capital flowed into global financial assets over the same period, so gold's approximate 0.3% share of global investment flows is essentially trivial.

The 0.7% ownership data point also has interesting implications for global gold ownership going forward. Consider that to return to a meaningful level of gold investment, say to the 5% level of 1968, it would require over $9 trillion of gold investment today, or about 6.5 billion ounces of gold at the current gold price. This would represent well over 1.3 times the amount of gold ever produced throughout history and four times the amount of known gold reserves. So not only is the public relatively underinvested in gold, but at current prices it isn't even possible to increase our gold holdings back to a meaningful level."
Posted by Mike Gupton at 9:52 AM 0 Comments

Wednesday, August 31, 2011

Gold Prices Stall as Stocks Bounce

Gold Prices Stall as Stocks Bounce

Gold prices were cautious Wednesday as hopes for further government intervention to boost the economy pushed investors into stocks and fears of a double-dip recession faded.

Gold for December delivery was adding 80 cents at $1,830.60 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,839.80 and as low as $1,822.30 while the spot gold price was down $7.90, according to Kitco's gold index.
Posted by Mike Gupton at 9:51 AM 0 Comments

Wednesday, August 31, 2011

Gold dips, but supported by Fed outlook

Gold dips, but supported by Fed outlook

Gold fell on Wednesday after a near 3% rally the day before sparked by Federal Reserve comments on possible measures to boost U.S. growth, and the bullion price is still set for its biggest monthly gain in nearly two years.

Minutes from the Fed’s policy meeting on Aug. 9 released Tuesday showed the central bank discussed a range of unusual tools it could use to help the economy and more quantitative easing remains an option.

The Fed has thus far given no explicit signal that it will embark on a third round of purchases of government bonds to keep market interest rates low — a measure known as quantitative easing — meaning markets are increasingly jittery and prone to wild swings in response to measures such as economic data.

Spot gold was last down 0.6% on the day at US$1,825.19 an ounce at 1145 GMT, having risen by over 2.6% the day before to a high of US$1,839.40.

So far in August, the price has risen by 12.2 percent, the largest monthly rise since a 12.8% gain in November 2009, compared with a 6.1% loss in the S&P 500.
Posted by Mike Gupton at 9:48 AM 0 Comments

Monday, August 29, 2011

Investments: Why Buy Gold?

Investments: Why Buy Gold?

It impacts on the population’s budget significantly as most Georgian citizen's deposits are kept either in USD or EUR accounts in Georgia.

The Euro and U.S dollar rates have been continuously varying since 2010. Therefore, the people with Georgian accounts are in a precarious situation. They cannot confidently decide which currency is reliable, which currency is beneficial for saving money and which currency will not reduce its value.

In such a situation economic experts' advice is to invest in shares of gold. “The price of gold is increasing in relation to the dollar, the Euro and Gel. Therefore, investing in gold is the only way to ensure the safety of your money and to potentially increase it,” said Paata Sheshelidze, the economic expert. “Gold is a natural metal and its availability is limited and the production of certain currencies depends on political decisions. Therefore, gold is much more stable and reliable than the US dollar, Euro or Gel,” he added.
Posted by Mike Gupton at 9:20 AM 0 Comments

Monday, August 29, 2011

Australia’s gold production jumps 10% on record prices

Australia’s gold production jumps 10% on record prices

PERTH ( ? Australia’s gold production increased 10% year-on-year in the 2011 financial year, as new operations came into production and old mines were reopened on the back of soaring bullion prices, Surbiton Associates director Dr Sandra Close reported.

In its latest quarterly production figures, Surbiton sated that Australian gold production for the three months to June had increased by 5% to 68 t, or 2.1-million ounces, compared with the 65 t produced in the previous quarter.
Gold output for the full year totalled 270 t, an increase of 24 t on the previous financial year.

“There’s a lot of activity in the gold sector, with several operations slated to come on stream in the next 12 months and several others still in the feasibility study stage,” said Close.
She noted that some of the gold deposits that were previously mined in the earlier years of the current gold boom, which has now been in progress for 30 years, have become attractive targets.

“The recent spike in the gold price has certainly drawn attention to the industry but it is the sustained, longer-term, upward trend in the gold price that has prompted companies to re-evaluate older deposits and also explore for new ones.”
Posted by Mike Gupton at 9:19 AM 0 Comments

Monday, August 29, 2011

Jewellers offer monthly plans as sales fall on high gold prices

Jewellers offer monthly plans as sales fall on high gold prices

MUMBAI: Keen to prop up faltering sales, India's leading jewellery retailers are offering schemes that encourage customers to invest their savings in gold through regular small purchases and get protection from price volatility. Gold has risen $400/ounce between July and August and more than 30% over last year, depressing jewellery demand.

Gold demand typically shoots up in September, with the onset of the festive season, and peaks in spring during the wedding season. However, this year urban consumers are preferring coins and bars for investment over jewellery. In rural India, where almost three quarters of the bullion is sold, demand is likely to remain depressed as net returns from farming drop and cost of living rises.

Three-year-old chain Reliance Jewels, a subsidiary of Mukesh Ambani-owned Reliance Retail, plans to launch a scheme in October that will allow a consumer to invest any amount daily for a year and then buy gold at the rate prevailing on maturity. A consumer can also opt to buy fractional quantities of gold everyday for a year under the scheme and can get jewellery equivalent to grammage accumulated over time upon the scheme's maturity. His purchase thus becomes independent of gold price fluctuations.
Posted by Mike Gupton at 9:17 AM 0 Comments

Saturday, August 27, 2011

Investing In Precious Metals

Investments in precious metals have historically been used as hedge against uncertain economic situations. People have taken to investing in Gold and Silver as a way to store value during inflation. When physical currencies are losing their value in uncertain times, investors rush to gold to store the value of their money in Gold’s intrinsic value.

Precious metal investing was more pronounced when national currencies were still pegged against gold. Today though, national currency values are not tied to gold as such. On the contrary, national currencies are nowadays more backed by a nation’s gross domestic product.

Suffice to say, there are other numerous reasons for which people invest in precious metals. Estimates indicate that over the last few years, the demand for silver, gold, palladium and platinum has increased considerably. Demand has almost outstripped supply.

In addition, the market price of the precious metals has been maintained at a nominal rate due to the disposal of gold reserves by national central banks. Increased investments in precious metals have also been witnessed from rich investors from the developing world, such as China.

These investors from developing states are keen on storing away their personal wealth. Analysts portend that the current demand for precious metal may not wither. It may take a recession to slow down demand for gold and other precious metals.

Investors have always considered precious metals as reliable depositories of absolute value—as opposed to the relative value of paper currency.

How to Invest in Precious Metals

Most people think of investing in precious metals as buying bullion, namely bars and wafers, coins etc. Whereas most investors prefer to invest in bullion, there are other diverse options available. Precious metal investments can be undertaken through vehicles such as jewellery, mutual funds, coins, bullion, futures, options or mining stocks.

The one merit with investing in precious metals lies in the liquidity of the investment. Precious metal investment options have great liquidity and can be bought and sold at will, anytime. Note however, than unlike silver and gold, palladium and platinum are less liquid. But regardless, they all can be bought and sold at anytime.

Portfolio Diversification

Most investors allot a percentage of their investment portfolios to precious metal investments. But like other investments, silver and gold fluctuate in prices depending on a varied number of factors. Gold and silver prices can change drastically! Generally though, investors rush to precious metal investments when the economic situation seems untenable.

Whenever investors lose confidence in other assets and values dive, precious metals become a preferred investment alternative. The one major driver of gold and silver investment is speculation. However, supply and demand, as well determine the price of gold and silver.

Posted by Caitlyn Diamond at 9:43 AM 0 Comments

Friday, August 19, 2011

Toronto Gold Buyer

KMG gold, is the best Toronto Gold Buyer who provides you the best price for your gold, silver, platinum and other precious metal scrap you might want to sell. You can send your gold via the Toronto gold shipping outlet or you can walk-in to KMG gold office near your place with due appointments if it is within your traveling convenience.

KMG gold offering buying services for Toronto Gold sellers accept refining and cash lots for gold, silver, platinum, palladium, Rhodium in any quantity and in any karat value.

If you want to sell your scrap pieces of precious metals in Toronto, whether it is
• Selling Gold and silver in Toronto
• Selling Platinum in Toronto
• Selling Palladium in Toronto
• Selling Rhodium in Toronto

KMG gold is the best Toronto gold and silver buyer who as well buys other precious metals.

If you are a Toronto resident looking to buy gold in Toronto to invest in gold you should primarily decide whether you want to invest in physical gold or invest in gold products. Similarly if you want to sell gold in Toronto you want to deal with the gold buyer in Toronto offering you the best price. While all this is in mind, you might have specific products of gold you have to sell and it might fit in to the following search keywords for those based in Toronto for local searches accordingly, if you are looking for a local gold buyer:

Since local gold buyers in Toronto also serve to buy your platinum, silver, palladium rhodium and other ingots you might be interested to know.
Posted by Caitlyn Diamond at 9:29 AM 0 Comments

Friday, August 05, 2011

Avoid the Middlemen

Middlemen gold buyers can be a hindrance when looking to sell gold, silver, platinum and palladium for top dollar. Middlemen pay very little money for gold, silver, platinum or palladium, mostly because they are also keen on making profits by selling to reputable refineries. When looking to sell gold, it is absolutely necessary that you avoid middlemen, so you can make top dollar.

Why Choose Refineries?

Middlemen typically seek to buy gold cheaply so they can sell to refineries for the most money. What this connotes is the fact that refineries actually pay far more money than middlemen. A refinery pays six times more money than any middleman can offer. Middlemen will hide behind efficient advertisements and marketing campaigns to get you to sell them gold, but certain factors typically point them out. Middlemen are like fly-by-night gold buyers. There is always a lot of mystery shrouding their operations.

To identify and point out middlemen gold buyers, beware of the following:

Unaccredited firms

Reputable gold refineries will have necessary industry accreditations such as Better Business Bureau (BBB), McAfee, TRUSTe and VeriSign. Accreditations are an indication that a gold buyer is trustworthy, and practices ethics, honesty and integrity in its marketplace activities. However, companies run by middlemen will have no accreditations whatsoever. Avoid such companies when looking to sell gold for top dollar.

Expensive Advertisers

Expensive advertisers could also be indicative of middlemen gold buyers. Middlemen will use every trick in the book to get you to sell them gold, silver, palladium and platinum. Remember, all they seek are profits and they will find innovative ways to buy gold from you. As such, expensive advertisements that promise high rates and services out of this world should be looked at twice and with a keen eye. When a company uses an expensive advert, how do you think they recoup their money? By buying gold cheaply from you and selling to refiners for top dollar. Beware!

Payout Prices

Typically, some companies run by middlemen can be identified by how they advertise their payout prices. Pointers to look out for include companies that advertise their payout prices in the following:

• Price ranges say $7-$14
• Flat or rounded off prices, say $14.55
• Per Pennyweight prices instead of Per Gram prices

The above payout prices can be misleading and ensure you get paid peanuts for your gold. For the price range, you will always get paid the lower value in the range, never the higher. For the flat or rounded off price to the dollar, you never get the change, the gold buyer keeps it. As for the per pennyweight prices, the impression created is that there is more money to make, as opposed to per gram prices. However, you actually make less money. Watch out and beware of middlemen gold buyers.

Posted by Caitlyn Diamond at 9:38 AM 0 Comments

Thursday, August 04, 2011

Scrap Gold Buyer Online in Edmonton -- Legends of Gold and Midas

Scrap gold buyer online in Edmonton, KMG Gold is famous for buying gold for the best price with honesty in dealing. You can as well sell your gold with outlets of KMG gold located in Vancouver, Surrey, Burnaby, Winnipeg, Calgary, Toronto, Victoria, Kamloops, Canada. The gold buyer is reliable and shipping your gold to KMG is safer than with anyone else.

Gold, the most sought material in the world as well has interesting stories going the rounds. The Midas Touch is the most famous of all the legendary tales about gold that details the kind of greed people had about gold. Midas lived in the period of 800 BC. He was the king of Egypt and he desired to become the most powerful man on the earth. He played host to the friend of God Dionysus, the god was impressed by Midas and offered him a boon. Midas required a gold touch where he insisted that he wanted everything he touched to turn in to gold.

The sooner Midas got the boon he was very happy and dreamt of becoming the most powerful man in the world, because, everything he touched will turn out to be gold. He touched the door and it became gold. He touched the chairs it became gold. He touched the doors it became gold. He touched the cot it became gold. He touched the bed it became gold. He touched the utensils it became gold. He touched the mirror it became gold. He was hungry and he touched the food in hunger and it became gold. He realized something was wrong about his wish. He touched the wine it became gold. His daughter came running to him he touched her she became gold.

Midas felt pathetic and he realized that there are many things in the world that are more essential and needed than just gold. He prayed to Dionysus and he required that he be cleared from the boon. He asked the god to forgive him on his greed. The god told him to wash himself in the Pactolus river, and Midas did so. He brought some water from the Pactolus river sprinkled it on his daughter who turned to be gold; her daughter came back live and smiling at him. He was happy about life back to normal and thanked the lord for the boon.

These days we are so obsessed about selling gold and buying gold. We are concerned about investing in gold, in precious metals and all other stuff. The story of Midas is a moral reminder to state there are as well many things that are as important as gold. You need not invest all your money in gold; rather you can diversify what you can afford towards gold assets.

Posted by Caitlyn Diamond at 11:01 AM 0 Comments

Tuesday, August 02, 2011

Advertising Truthfully In The Gold Industry

The advertising field complies thoroughly with three necessary and important rules which are:

• Non deceptive and truthful advertising should be done.
• Proofs should always be possessed by the advertisers for the purpose of backup.
• Moreover, all advertisements should be done fairly.

Because the ornaments appear more attractive and brighter in gold advertisements, it is quite obvious that people are easily drawn to them. It is recommended that people should not use shabby ads and get carried away. Fearless advertisement publishing can be done as long as honesty is maintained by the gold merchant.

It is essential that a gold company is equipped with very solid evidence or strong basis to back up the claim it makes, before the advertisement is published. This means that documental proof is vital for all advertisements made.

Hence, in advertising, a vital role is played by advertising and it is closely connected to truth. For guaranteeing success in any business, advertising is declared to be one of the mightiest tools. The real flavor of success in the business can only be brought through strong advertisements. In order to back the claims which have been made in relation to durability, quality, originality and the guarantee of the gold, evidences should be kept ever ready by the gold merchant. At the time of publicizing the product, these things should be considered.

Customers often ask for evidence in a subtle manner when they visit a gold merchant and make a reference to the ad which captured their interest. The customers will not stick to the merchant for purchasing if the gold merchant does not satisfy the customers by showing them supporting documents. For attracting clients and customers, advertising is the only means. In order to call attention, the ad items and other stuff is portrayed in an attractive manner which is attention grabbing and draws the eye. To make the ad absolutely fair, only the truth has to be presented in it.

A business can proper limitlessly and the prospects of success will spike up with truth and advertising. False advertising on the other hand can kill a business permanently. With truthful and honest projection of the credibility of a gold company, top dollar can be earned. In this manner, all clients, competitors and business associates will stay on their toes. Success will result if all of them become convinced of the integrity of the business and put their trust in them.

As truth is strictly followed in the ads which are published, it is not difficult to make money with KMG Gold Recycling. People can put their blind trust on the gold from KMG as it is pure and authentic. Before buying gold, one should keep in mind all the above mentioned factors.
Posted by Caitlyn Diamond at 10:24 AM 0 Comments

Friday, July 29, 2011

South African Gold Krugerrands and Rands

The South African Krugerrands are an investment grade coins that can come in handy when looking for gold investments. The South African Krugerrands are an official South African bullion coin that contain 1 ounce of pure gold. As the perfect gold investment, Krugerrands have an inherent gold value that retails at the existing gold prices in the bullion market.

Therefore, the price of Krugerrands may increase or decrease depending on the prevailing price of gold. However, the Krugerrands also have extra value for collectors, as they are a rare collectors’ item. A Krugerrand will be priced depending on its type, fine gold content and its rarity.

The Krugerrands are common gold bullion and are widely preferred by gold investors. As a renowned gold bullion world over, the Krugerrands can be found in equally smaller sizes, such as half Krugerrand, quarter Krugerrand and the 1/10th Krugerrand. These denominations contain half an ounce of gold, a quarter an ounce of gold and a one tenth of an ounce of gold correspondingly.

As South Africa’s official gold bullion, the Krugerrands were first minted and issued in 1967. The Krugerrand is an official legal tender coin and can be used as currency in South Africa. However, due to the high volatility of gold prices, the Krugerrands were never issued with a face value.

On the contrary, the Krugerrands’ purchasing power as legal tender bullion arises from the prevailing market value of gold. Therefore, Krugerrand prices change with the changing price of gold. The South African Mint opted against a face value due to the fact that in some situations, the Krugerrands could have excess face value with little gold content.

On the contrary, the mint tried to avoid situations in which the Krugerrand could have a face value that is smaller than the gold content therein. Typically, the Krugerrand weighs 33.93 grams and is mostly made using 22 karat gold. The Krugerrand karatage reflects a gold fineness of 91.67%. But even though the Krugerrand has only 1 ounce of gold, the coins actually weigh in excess of 1 ounce.

The Krugerrands’ excess weight arises from the alloying of gold with other metals to make it stronger and durable.

Invest In Krugerrands

Gold has always been a favorite metal for investment. With the current high price of gold, there has never been a better time to sell gold. Gold offers one sure way to protect the value of money from uncertainties such as inflation that can corrode paper currencies. Gold investments are favored globally because gold cannot be manufactured and is accepted world over as a payment method.

It is accepted globally that gold has an inherent value. What this means is; when you invest in gold, even though its price may fluctuate frequently, it will increase over time. On the other hand, national currency values can be eroded and lose value considerably in uncertain economic situations.
Posted by Caitlyn Diamond at 9:47 AM 0 Comments

Wednesday, July 27, 2011

Sell Direct to the Refinery

Selling gold, silver, platinum or palladium directly to the refinery can earn you top dollar. Reputable refineries offer the most money for items of scrap precious metal. With the current high price of gold, there has never been a better time to sell gold. But as with any other industry, the gold recycling industry has its own share of fly-by-night companies. You can only make the most money for your gold by identifying reputable companies.

But how do you identify a reputable refinery?


Reputable Refineries will have industry accreditations such as Better Business Bureau (BBB), McAfee, TRUSTe and VeriSign. The Better Business Bureau is particularly important. Through its site, the BBB offers information on member refineries that can be crucial when looking for the best prices. Never sell gold, silver, palladium or platinum to refineries without BBB membership. Accreditations embody essential business values such as ethics, honesty, integrity and truth.


Advertising can be a crucial pointer to a refineries’ business practice. How a refinery advertises its business and services will tell you a lot about its market place activities. As such, consider the following when looking as advertisements.
For instance, reputable refineries advertise their prices openly and in per gram prices. On the contrary, fly-by-night refineries advertise their prices as follows;

Price Ranges

Price range advertisers are nothing but middlemen looking to buy gold cheaply. A price range creates the false impression that you will make more money. But as with any other fly-by-night firm’s marketing gimmick, price ranges actually offer little money for gold. Price range advertisers will always pay you the lower price.

Flat Prices

Never sell gold, silver, platinum or palladium to refineries that advertise their payout prices in flat rates. A flat price is typically a rounded off sum, such as $12.50. What such a refinery never tells you is who gets the change! You never do, the refinery does!!

Per Pennyweight Prices

Per pennyweight prices are another hallmark of a dishonest refinery. Per pennyweight prices are misleading. Insist on per gram prices. A pennyweight is 1.555 grams. Advertising in pennyweights misleads the customer to think that they are getting more money than per gram prices because a pennyweight is 1.555 times more than a gram. You actually make little money!


Reputable refineries will maintain efficient communication and answer any concerns you might have accordingly. However, fly-by-night firms will evade questions and take time answering serious concerns. They may not even have contacts or addresses on their websites.
Beware of refineries that don’t have a terms and conditions page on their site. What are they trying to hide? Or perhaps they are hiding low payout prices and poor services? Watch out!

Posted by Caitlyn Diamond at 9:22 AM 0 Comments

Thursday, July 21, 2011

Scrap Gold Buyer Online in Winnipeg

Public Can Own Gold Bullion

Scrap gold buyer online in Winnipeg, KMG gold buys gold, silver, platinum, palladium and rhodium you want to sell. You can check the payouts from the competition and you can come back to us to sell your gold after verifying the rates they pay. You will be able to see that we pay you the best at KMG gold. Therefore, to sell your scrap precious metals do not look beyond KMG gold.

Gold is a symbol of luxury. The metal is rare. The appearance and the durability of the metal make it the most appealing material in the world that one might want to possesses. Gold is mostly known for its use in jewelry that we use to wear in the body. However, gold is as well used in electronics. There are many industrial products that form the backbone of technology for which gold is used.

In the current day world, where information is widespread more than the needed amount of discussion is ongoing about the price of gold, lot of investors hold somewhere from a few thousands of ounces of gold as a mode of protecting their futures against the probable threat they might face for their wealth from the government. Despite the proven strength of investing in gold, there are several investment myths about gold in existence.

Way back in 1933, it was not legal for the public to own gold. well this was indeed a fact because the US government outlawed the possession of gold by the public; however, this was until the year 1974 when the then President Gerald Ford signed legislation from when Americans were permitted to own gold bullion, gold coin, or gold certificates and the permitted quantity crossed over $100. However, many people who knew the outlawed idea of the lack of permission to possess gold in 1933 did not know that this law was waived in 1974 and they continued to fear to possess gold bullion or invest in gold bullion.

After the great depression, the public started investing in gold that actually drained the federal reserves and their related plans involved with the money supply. It was important for the government to stimulate the economy, therefore they outlawed it. When things were back in to pace the 1974 Act, removed the restrictions on US individuals buying gold coins, gold bullion bars as well as gold certificates.

If any of your friends do not know that it is legal to buy bullion and store bullion for investment purposes you can alert them by saying, the US Mint now is involved in selling gold coins in different weights and different special series to the public as well.

Posted by Caitlyn Diamond at 9:19 AM 0 Comments

Tuesday, July 19, 2011

Selling Gold in Vancouver

Vancouver has a number of reputable companies that buy gold, silver, platinum and palladium for top dollar. Selling gold in Vancouver can only earn you the most money when dealing directly with a reputable Vancouver refinery. There are certain factors that are handy when looking for reputable scrap gold, silver, platinum or palladium refineries.

Things to watch for:


When selling gold in Vancouver, accreditations are a must have for potential buying companies. The best Vancouver gold buyers must have Better Business Bureau (BBB), McAfee, TRUSTe and VeriSign. The Better Business Bureau additionally offers free information on member companies that can be accessed by consumers.

Do not sell gold, silver, platinum and palladium to Vancouver refineries that lack BBB membership. Beware of gold buyers who don't have a privacy policy or who aren't certified by TRUSTe. They might sell your e-mail address and your personal information.

Shipping Services and Refining Lots

Shipping services and refining lots are crucial when looking to sell gold in Vancouver. The best Vancouver Gold buyers must have shipping services and refining lots in Vancouver. Avoid gold buying companies that claim to have operations in Vancouver but lack shipping services or refining lots in the city. Shipping services enable overnight shipment of scrap gold, silver, platinum or palladium to the refinery for faster processing and payment.
Genuine Shipping Insurance

Along with shipping and refining services, reputable Vancouver refineries must also offer genuine shipping insurance. It is important to point out that not all shipping companies offer genuine shipping insurance. Only the best gold buyers and gold refineries offer real, claimable insurance for your precious metal. 
Companies such as UPS, FedEx, Purolator, Canada Post, the US Postal service amongst others will all sell you insurance, but it is not claimable for precious metals, gems, jewelery, gold bars, silver bars coins wafers etc.

However, reputable companies such as Canada’s leading Gold buyer and refiner, KMG Gold Recycling, offers genuine, claimable shipping insurance for your gold at one half the cost of the other carriers insurance. 

Honesty, Truth and Integrity

Honesty, truth and integrity are crucial traits in a company when looking to sell a stash of scrap silver, gold, platinum or palladium. Honesty, truth and integrity will be embodied in accreditations and other business practices.

For instance, how a Vancouver gold buyer advertises its business and services can reveal a great deal about them. For instance, Gold buyers that advertise in pennyweight prices, flat or rounded rates and range prices are untruthful.

Untruthful advertising is aimed at enabling shady firms buy gold, silver, platinum and palladium cheaply from you. Most shady or fly-by-night firms are run by middlemen and will typically buy gold for a pittance.

Be sure to find a reputable Vancouver gold buyer for top dollar!

Posted by Caitlyn Diamond at 10:31 AM 0 Comments

Wednesday, July 13, 2011

Tailings and Waste Rock from Mining

Tailings and waste rock is a direct product of modern large scale commercial mining activities. Today, mining is responsible for significant environmental damage. Tailings and waste rock make up the bulk of mining waste.

By definition, tailings refer to whatever is left after the ore has been crushed and the metal obtained. Tailings will typically be slurry that contains hazardous chemicals. On the other hand, waste rock refers to the displaced earth when searching for the metal ore. Modern commercial mining is typically done on a large scale and requires vast areas of land.

Mining Types

Tailings and waste rock will typically result from either of the following mining methods;
1. Hard Rock Mining
2. Placer Mining

Placer Mining

Placer mining refers to the extraction of gold or silver from surface placer deposits. Placer mining is mostly carried out on small scale and produces insignificant tailings or waste rock. Place mining is today confined to small scale prospectors, with modern miners employing complex techniques to excavate the rare metals. Therefore, placer mining does not produce tailings or slurry containing hazardous chemicals. Placer mining uses techniques such as the sluice box or the gold pan.

Hard Rock Mining

Hard rock mining is perhaps responsible for vast tailings and waste rock. Waste rock is produced by giant earth movers and powerful drills that bore through earth in search of metal ore. Waste rock has no use for a miner; it is simply ground that is displaced to obtain the ore. On the other hand, the extraction of the underlying precious metal uses various dangerous chemicals such as arsenic, mercury, acids etc. These chemicals finally make up the composition of the slurry that is kept in holding pools as tailings. Therefore, tailings will typically consist of whatever chemicals are used during the extraction process for gold, silver, platinum and palladium.

Environmental Impacts Posed by Tailings and Waste Rock

Mining poses considerable negative environmental impacts. Tailings contain hazardous chemicals that can cause serious environmental damage. To protect against leaks to the environmental, miners build holding pools that contain the slurry. However, leaks have been common, with wall breakages and enormous chemical leaks. Therefore, if not well contained, careless mining can cause serious environmental impact. Leakage to water pipes or rivers and streams can be disastrous. The chemicals can also cause considerable water and air pollution.

Commercial miners also bring to the surface underground sulfur rocks that can cause acidic run-off, killing crops. The acidic run-off can leak to human water pipes, with disastrous impacts. For these reasons, countries have put in place effective mining legislation to prevent against pollution or disasters. However, there are countries, such as in the third world that still have ineffective mining legislation and experience considerable mining pollution.

Posted by Caitlyn Diamond at 9:06 AM 0 Comments

Monday, July 04, 2011

Dutch Guilders

The Dutch Guilder was used as currency in the Netherlands for centuries. It was however discontinued in 2002 and replaced by the Euro. The Netherlands used the guilder as the official national subunit of the Euro between 1999 and 2002. The Dutch guilder, as the name indicates, was typically made of gold. ‘Gulden’ is a Dutch name for ‘golden.’

The Netherlands has minted and issued a long line of numerous gold coins throughout its history. The Dutch guilders were issued in different weights and sizes, each carrying varying levels of pure gold. Some Dutch guilders have over one name, a potential cause for confusion.

Some of the Dutch coins produced include 1875 Willem III 10, 1876 to 1889 Willem III 10 Guilders, 1911 to 1917 Wilhelmina 10 Guilders, 1925 to 1933 Wilhelmina 10 Guilders and Ducats.

The various gold coins would have gold content as follows; For the 1 Guilder coin, it would have a gold content of .2652; the 5 Guilder had .0973 gold content; 10 Guilder had .1947 gold content; 20 Guilder had .3894 gold content and the 1 Ducat had .1106 gold content.

The first guilder ever minted was the 10.61 gram silver coin with a silver purity of .910. It was minted and issued by the states of Holland and West Friesland in 1680, all parts of Netherlands Kingdom. This original guilder was further split into 20 stuivers, with each stuiver having 8 duiten or 16 penningen.

The advent of the gold coins effectively replaced the other existing silver coins in the Netherlands Kingdom. Such silver coins included the florijn made up of 28 stuivers, daalder made up of 1½ guilders or 30 stuivers, rijksdaalder made up of 2½ guilders or 50 stuivers, silver ducat made up of 2½ guilders or 50 stuivers and the silver rider ducaton made of 3 guilders or 60 stuivers.

However, the mintage and issue of the guilder was interrupted between 1810 and 1814 when France conquered and annexed the United Netherlands Kingdom. During this period, French Francs were widely circulated in the Netherlands. When the Napoleonic wars ended, the Netherlands reverted back to the use of the guilder. In 1817, the Kingdom decimalized the guilder, making it equivalent to 100 cents. These coins were however later withdrawn from circulation.

The last pre-decimal coins were removed from circulation in the 1840s. Most of these coins dated back to the 17th Century. Originally, the Netherlands operated on a bimetallic standard and a guilder was equivalent to 605.61 milligrams of fine gold, or 9.615 grams of fine silver. However, the silver standard was adjusted to 9.45 grams in 1840, while the gold standard was removed in 1848. In 1875, the Netherlands adopted a gold standard with 1 guilder being equated to 604.8 milligrams of fine gold.

Posted by Mike Gupton at 2:56 PM 0 Comments

Thursday, June 16, 2011

Firm broadsided by tax-scam allegations

MONTREAL -- A Montreal company that denies any wrongdoing in an alleged gold-refining tax scam said Friday it was shocked by an early-morning raid this week that came after several months of negotiations with Quebec's tax department.

Kitco Metals Inc. said it was negotiating with Revenu Quebec about its opposition to the tax assessment when agents raided its premises Tuesday.

"We were co-operating with them fully, so this definitely came as a surprise to us," Kitco spokeswoman Sharlene Dozois said Friday.

Revenu Quebec is probing sales of $1.8 billion by the network, with alleged provincial sales-tax evasion in excess of $150 million. The agency is also investigating evasion of the federal goods and services tax on the same sales.

Kitco asked Thursday for a court-appointed receiver that can supervise the 200-employee business while it addresses the allegations brought by Quebec's revenue department. RSM Richter has been appointed interim receiver.

The Montreal company, founded in 1977, says it is one of the largest retailers of precious metals in the world. It also provides specialized refining services.

More than 175 agents conducted raids on homes, offices, accountants and bankruptcy trustees in the Montreal area.

The agency said the scam allegedly involved a system of repetitive and false billing in transactions involving more than 125 companies.

Most of the companies are jewelry stores, which have closed.

The department also said false tax returns were prepared for certain companies that provided the fake invoices.

Kitco said it "has never participated in any tax fraud, nor has it ever carried out any fictitious transactions."

"Kitco buys precious metals scrap and pays the suppliers sales taxes on these purchases for which Kitco receives a tax credit. It is the responsibility of these suppliers to pay back the sales taxes to Revenue Quebec."

Revenu Quebec alleges that Kitco and a company called Carmen Industries ran parallel operations.

Carmen Industries couldn't be reached for comment.

Published reports say Revenu Quebec placed liens worth $33.8 million each on two properties owned by company executives Steven and Joseph Chesir.

Nick Macri, vice-president of Carmen Jewelry, which shares the same phone number and operates in adjacent spaces in Montreal, said he hasn't seen the owners of the company in several months.

Although the two companies share similar names, Macri said they are unrelated although he did the accounting for Carmen International and remitted its taxes to government.

"We charged them a fee every month to give them a service and that's how we somehow got implied in this mess," Macri said.

It alleged that several people created artificial tax declarations for certain companies involved by furnishing them with false invoices.

Those found guilty must pay the evaded funds plus interest, fines and a maximum of five years in prison.

-- The Canadian Press

Republished from the Winnipeg Free Press print edition June 11, 2011 B6
Posted by Mike Gupton at 6:41 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

Wednesday, May 11, 2011

Silver down nearly 8% as dollar strengthens

Concerns about Greece’s debt load drag euro
SAN FRANCISCO (MarketWatch) — Silver futures on Wednesday led yet another commodities selloff , down 8% as traders judged a default for Greece unavoidable, a sentiment that weighed down the euro and sent the dollar higher.

Gold for June delivery GCM11 -1.08%  declined $15.50, or 1%, to settle at $1,501.40 an ounce on the Comex division of the New York Mercantile Exchange.

July silver SIN11 -8.84%  retreated $2.97, or 7.7%, to settle at $35.52 an ounce.

Greece’s debt restructuring seems “inevitable,” said Bill O’Neill, a principal at Logic Advisors in New Jersey. “That’s a real threat to the banking system.”

In a restructuring, investors holding Greek debt will likely be offered less than face value for the bonds they hold. The stark possibility was enough to drag down the euro and prop the dollar up against most major currencies.

A stronger dollar is negative for commodities as it makes them more expensive to holders of other currencies.

For gold, and to a lesser extent for silver, dollar movements add another layer of complexity as dollar weakness and its twin fear of currency devaluation often spark precious metals buying.

Gold held up better than silver because it got some flight-to-quality support, said Adam Klopfenstein, a senior market strategist at Lind Waldock in Chicago.

“At the first sign of weakness, people dump” silver, he added.

In the first two days of this week, metals and other commodities had recouped some of last week’s steep losses. It all came undone as the dollar rose steadily throughout the day.

The dollar index DXY +0.96% , which measures the greenback’s performance against a basket of six rival currencies, lately traded at 75.308, compared with 74.700 in North American trade late Tuesday.

It had struggled for direction in early trading, as the British pound soared on word of a potential future rate hike in England. Read more about currencies.

Earlier, investors digested inflation data from China. The country’s consumer-price index climbed 5.3% in April from a year earlier, while analysts expected a 5.2% rise. Read more about latest data from China.

Inflation concerns tend to spark investor demand for precious metals, as gold is often bought as protection from price increases and currency devaluation.

However, the boost from China’s data was short-lived.

In other metals trading, copper for July delivery HGN11 -0.22%  dropped 13 cents, or 3.2%, to $3.91 a pound.

Platinum and palladium were also not immune, with July platinum PLN11 -1.18%  down $23.10, or 1.3%, to $1,777.80 an ounce. June palladium PAM11 -2.13%  declined $17.25, or 2.4%, to $715.40 an ounce.

The commodities downdraft also caught up with oil, which recently retreated 5.7%. Oil also added to its losses after a government inventories report showed a higher-than-expected increase for oil supplies.

Posted by Mike Gupton at 5:11 PM 0 Comments

Monday, May 09, 2011

Canada market up on commodities rebound

Canadian Markets. May 9, 2011, 5:33 p.m. EDT
SAN FRANCISCO (MarketWatch) — The Canadian market rose with all sectors closing up Monday, boosted by a recovery in commodity prices following last week’s selloff.

The S&P/TSX Composite Index CA:$ISPTX +0.82%  gained 111 points, or 0.8%, to close at 13,677.
The lightly weighted S&P/TSX Capped Health Care led the gains, rising 2.1% with shares of Valeant Pharmaceuticals International Inc. CA:VRX +2.82%  and SXC Health Solutions Corp. CA:SXC +2.38%  leading the charge.

The driver behind the rally, however, was the more heavily weighted indexes of commodities- and energy-based stocks. The S&P/TSX Capped Materials Index CA:TTMT +1.54% rose 1.5%, the S&P/TSX Capped Diversified Metals and Mining Index  CA:TTMN +1.44%  increased by 1.4% and the S&P/TSX Capped Energy Index /quotes/comstock/11t!i:itten CA:TTEN +0.93%  closed up 0.9%.

Gold for June delivery GCM11 +1.43%  advanced 0.8% to $1,503.20 an ounce, and silver for July delivery SIN11 +6.92% rallied 5.2% to $37.12 an ounce on the New York Mercantile Exchange. Copper for July delivery HGN11 +2.04%  rose 4 cents to close at $4.02 a pound.

Shares of First Quantum Minerals Ltd. CA:FM +3.06% added 3.1%, and shares of Barrick Gold Corp. CA:ABX +1.19% , Potash Corp. of Saskatchewan CA:POT +1.51% , Goldcorp Inc. CA:G +2.15% and Ivanhoe Mines Ltd. CA:IVN +5.74%  all showed gains.

Crude oil for June delivery CLM11 +5.59%  settled up $5.37, or 5.5%, to $102.55 a barrel on the Nymex.

The S&P/TSX Capped Consumer Discretionary Index CA:TTCD +0.66%  rose 0.7%, with shares of Forzani Group CA:FGL +49.06% jumping 49% after the company got a C$26.50-a-share buyout offer from Canadian Tire Corp. CA:CTC.A +2.73% .

Shares of Gildan Activewear Inc. CA:GIL +1.97%  rose 2%, and Tim Hortons Inc. CA:THI +1.11%  added 1.1%.

The S&P/TSX Consumer Staples Index also tacked on 0.7%, with shares of Viterra Inc. CA:VT +3.79%  rising 3.8% and Jean Coutu Group Inc. CA:PJC.A +1.29%  gaining 1.3%

In currency trading, the Canadian dollar rose against its U.S. counterpart USDCAD -0.2589% , with the greenback buying 96.17 Canadian cents, compared with 96.36 cents late Friday.

Posted by Mike Gupton at 4:41 PM 0 Comments

Friday, April 08, 2011

Will Silver Become Money Again like Gold?

"In the private and institutional domain, silver already is a wealth protector."

We have always referred to silver as the 'long shadow' of gold because its price moves with gold's. When the gold price rises, silver rises more. When the gold price falls, silver falls further but they move in sync. Why?

Silver saw a huge drop in demand as the photographic industry moved to digital. But then, new uses for silver in the medical field and in electronics developed and look as though they will eventually dwarf the peak photographic demand. But by moving as though riveted to the gold price, the silver price is not reflecting the movements one associates with a simple industrial commodity.

The Move Away from Money

"Official" silver selling by Russia, India and China appears to have (or is about to) come to a halt after many decades of selling the metal stockpiled as coinage that had ceased to be used as such. In this it has a common denominator with gold, in that central bankers are no longer selling these assets. But silver is not in demand by central banks, whereas their demand for gold is heavy and persistent. Will silver be treated as an important reserve asset again?

Since the full use of precious metals as coinage fell away in the first half of the last century, the disparity between the face value of money and its silver value parted ways dramatically. Governments and their central banks wanted an insignificant, inherent value for the coins, so that the face value, determined through government actions on the monetary front, would be the only value they had. Practical considerations require that there is a coinage element to money. Governments have used this 'fiat' system of money because of the advantage of being able to control the monetary system alone. It was accompanied by the breaking away from the real international values that precious metals will always have. Nowhere has the split between 'measure of value' and 'means of exchange' been more significant than in coinage. The central banks also gained full control the money supply, without fear of a judgment via a soaring gold price.

When gold and silver were money (in 1933, for instance) governments believed that an expansion of the money supply was sorely needed for the world to climb out of the depression. At that time, the only way to accomplish that was to increase the value of gold (silver followed) allowing for more dollars to be issued. To clarify, the dollar was devalued in terms of gold not the other way around. Gold was a cumbersome item at that time, because of the vast amounts of gold not held by the central bank. Hence the confiscation! Once the U.S. central bank had acquired sufficient volumes of gold and then devalued the dollar, the banking system was awash with dollars. Mr. Ben Bernanke has used a similar tactic to expand the U.S. (and global) money supply to fend off deflation. Because gold and silver cannot be released and captured at will, central banks found that their use as a 'means of exchange' was just too cumbersome.

Of course, the change to paper notes and to alloy coins destroyed the ability of money to be a measure of value. The value of money is now solely dependent on the citizens' trust in their government and central bankers.

We are not referring to inflationary aspects or to exchange rates here, but the extent of trust and faith in that money. Yes, exchange rates hopefully (provided there is no manipulation of exchange rates—which there is) will reflect falling values.

Real inflation (lower buying power of money not a number measured by government tools) will always be allowed by governments, despite central bank commitments to price stability.

The key to a healthy economy is that the man at ground level be able to sustain his way of life with the income he receives. If oil prices and food prices rise, he needs more income to sustain his way of life.

Real inflation or deflation not only relate to growth but the change in the money supply Any attempts to disguise inflation or money supply changes will work only temporarily until the economic realities of the economy shine through (such as now with low housing prices, high unemployment and seeming 'stagflation'). The governments of the world like to imply 'price stability' through the management of money supply but tools such as quantitative easing distort that in the attempt to use money supply to invigorate the economy. Simply put, they use inflating money supply to defeat deflation.

The disadvantage of gold and silver coinage is that their worth will always rise above their face value. If governments increase the money supply beyond growth, they would thus be giving citizens a protection against the debauching of money. This undermines central bank control of the economy and financial systems.

So not surprisingly, we see no sign of silver being treated as money by central banks anywhere. But at a retail level, silver is being bought increasingly as a 'measure of value', protecting the individual's wealth as paper currencies are unable to do at the moment.

The History and Present of Silver as Money

In the past, silver has been used as coinage. Until the middle of the last century, most countries used silver in coins. Well before the U.S.A. and the I.M.F. cut the link between money and gold, silver was replaced with alloys in coinage. Take a look at the small change in your pocket and you will see a silver lookalikes. The human view of money is still that coins should look valuable, even if we are fooled by the alloy lookalikes. And that's the point. Will we as gullible humans believe that the money in our pocket has value?

We have to qualify the answer to that question by saying subject to economic conditions, yes. When you have nothing, bartering with anything for something is the simplest of monetary systems. When you are in the mainstream economically and economic growth is good, we are inclined to accept mainstream money in any form governments want us to. It makes trading easy. Take a look back at the years from 1985 until 2007 and you see a developed world growing steadily, happily and confidently. Money was trusted in any form it took because the system benefitted everybody. It's only when the person you are dealing with refuses to accept it as money that it then fails. Far from being global, like gold and silver have been throughout history, national money is valuable only locally, where it is legislated as the only acceptable means of exchange.

Imagine if I turned up at a shop and handed over a few hundred dongs (from Vietnam) or a few trillion Zimbabwean dollars, (Aah, that's no longer money even in Zimbabwe), what would your shopkeeper say? It is this parochial nature of fiat money that will be its eventual downfall. Once the Yuan is a global reserve currency from a growing country with a massive presence, we will be able to choose between the Yuan and the U.S. dollar. Then what?

Take a silver eagle and offer it to a Chinese person—he will accept it readily. Even while the South African rand is only useable in South Africa, the South African gold 1 ounce Krugerrand is exchangeable anywhere (at a price of $1,420 not its face value of 14.70 U.S. cents (1/10,000 times face value).

Silver, throughout history has been accepted as money anywhere in the world. While central banks and governments refuse to allow its use as money inside their economies, they have not taken away from its value as a currency. Silver remains a form of unrecognized money even in the hands of people who have not used is as money for many generations.

Even today, when the fiat money systems are decaying, a trickle of people is protecting their wealth by selling their paper money for solid silver and gold. We are at the start of a trend that is inexorable. Even central banks have started buying gold and have ceased selling it. The trickle will become a flow. But silver is not yet in the same category as gold, as money (yet) in 'official circles'. It will have to follow the path blazed by gold, but not until gold is seen to be visibly used in the global money systems, will silver stage a comeback. Even then, it will always be a junior partner to gold. After all, its price is so low and the quantities available for this role so small, that it is too far away from being as practical a measure of value as gold is now. But imagine if it was priced at $200 an ounce, then its credibility as money would be legitimate. If one could have a ration of one ounce of gold to 50 ounces of silver, then investors would be comfortable treating silver as money.

But in the private and institutional domain, silver is already a protector of wealth. This should be the focal point of its use. The investing world, regarding both silver and gold as a protector of wealth, can no longer be ignored. It is a fact through its performance all over the world. So, can governments harness this present reality? Will they? We are of the opinion that they won't until they have to!
Posted by Mike Gupton at 6:05 PM 0 Comments

Thursday, April 07, 2011

The ECB Raised Interest Rates.

Thursday, April 7, 2011. 9:25 a.m.

As was widely expected, the European Central Bank raised its benchmark interest rate for the 17-nation euro zone this morning, from its historic low of 1% to 1.25%, in an effort to bring rising inflation in Europe under control.

It follows the central banks of Asia and South America, which have been raising their rates aggressively for a number of months. For example, India has raised its rates 8 times in the last 12 months. Brazil has been raising its key interest rate repeatedly over the last year, its most recent hike being to 11%. China has also been hiking its rates for more than a year, and is expected to do so again within days.

In the United Kingdom, which is not a member of the euro zone, inflation spiked up to 4.4% in February, more than double the Bank of England’s announced ‘comfort zone’ and target rate of 2.0%.

It does have the U.S. Fed increasingly isolated with its stance that it does not see a threat of inflation, and will keep its easy money policy in place and its record low 0% to 0.25% Fed Funds rate.

Can the Fed be so right, and the rest of the world so wrong?

Gold, the historical hedge against inflation, seems to also think the Fed is wrong, with its rise to another new record high.
Portugal Gives In and Seeks Bailout.

When the debt crisis began more than a year ago, Greece was the first to look like it potentially faced the threat of default. Its government denied it could happen and insisted it did not need the European Central Bank or the IMF to come up with a plan to bail it out.

Wrong. It eventually had to cave in and accept a bailout.

By then concerns were of a possible contagion. The next to look vulnerable was Ireland. But its government insisted it was not facing that large a problem, and would not need a bailout.

Wrong. It gave up and was bailed out in December.

The next to draw concerns as its debt ratings were repeatedly downgraded, was Portugal. And of course its government said it did not need or want a bailout.

Wrong. Yesterday, its government gave up on trying to make it on its own, and requested a bailout.

Now concerns of contagion have moved on to the much larger economy of Spain. Among the concerns are that Spain may be too large to bail out.

But not to worry. Spain’s government insists it will not need a bailout.
Retailers Same-Store Sales Reports Are Mixed So Far.

Same-store sales reports for March, being released through the morning, are mixed so far. But up or down, they mostly managed to beat Wall Street’s lowered estimates.

So far, BJ’s Wholesale Club reported its sales were up 5.3%, better than analysts forecasts of 2.8%. Much of it was due to the higher price of gasoline. Excluding gasoline sales its same-store sales were up only 1.3%, but that also beat analysts forecasts of 0.5%.

Target reported its sales fell 5.5% in March, but that was also better than forecasts that they would fall 6.4%. Dillard’s sales fell 1%. Macy’s sales were up 0.9%, better than forecasts that they would fall 2%. Limited Brands sales rose 14%, easily beating forecasts of a gain of 1.5%. Stage Stores reported sales fell 5.3%, but analysts estimates were for a decline of 6.5%. Costco’s March sales were up 13%, well ahead of Wall Street’s estimates of 7.4%.

Sak’s reported March sales were up 11%, easily beating Wall Street’s estimates of a gain of 0.8%. Gap Stores reported its sales fell 10%, slightly worse than estimates of a decline of 7%.

Note that these comparisons are not to December quarter sales, but to the March quarter of last year.
Yesterday in the U.S. Market.

The market gave up early gains but still closed up fractionally for the day.

The Dow closed up 32 points or 0.3%. The S&P 500 closed up 0.2%. The NYSE Composite closed up 0.2%. The Nasdaq closed up 0.3%. The Nasdaq 100 closed up 0.2%. The Russell 2000 closed up 0.1%. The DJ Utilities Avg. closed up 0.8%. The DJ Transportation Avg. closed unchanged.

Oil closed down $.15 a barrel at $108.68.

Gold closed up $2 an ounce at $1,459 an ounce, a new record high.

The U.S. dollar index closed down 0.6%.

The Treasury bond etf TLT closed down a big 1.5%%.

Subscribers to Street Smart Report: There is an in-depth ‘Markets Signals and Recommendations’ report, and a new in-depth ‘Gold, Bonds, Dollar, Inflation’ report, and a hotline, in the subscriber area of the SSR website from yesterday and last evening. And later today there will be an update on global markets, and where we stand now in the ‘lost decade’ secular bear.
Yesterday in European Markets.

European markets also gave back some of their early gains but closed up. The London FTSE closed up 0.6%. The German DAX closed up 0.6%. France’s CAC closed up 0.2%.
Asian Markets Were Flat On Low Volume Last Night.

Traders in Asia were quoted as saying, on Australia: “The market feels like it has gone too far too fast. Its had only one down day since March 17, so it’s hard to go long here.” On Asian markets in general, “Many indexes hovered around yesterday’s closing prices and trading volume was light, signaling caution after recent advances.”

Upgrades and downgrades: HSBC bank upgraded the Indian market to neutral from underweight, but lowered its year-end target for the Sensex index from 21,000 to 20,000. (It closed last night at 19,591).

JP Morgan upgraded the Sensex to ‘overweight’ from ‘neutral’.

But providing something for every persuasion, the Asian Development Bank lowered its estimate of India’s GDP growth for the year down to 8.2% from last year’s 8.6%, noting that the Reserve Bank of India has raised interest rates 8 times in the last 12 months and adopted tighter fiscal policies that “will be less accommodating for the economy than in the past.”

The DJ-Pacific Index closed up 0.3%.

Among individual markets:

Australia closed down 0.1%. China closed up 0.2%. Hong Kong closed down 0.1%. India closed down 0.1%. Indonesia closed up 0.1%. Japan closed up 0.1%. Malaysia closed up 0.5%. New Zealand closed unchanged. South Korea closed down 0.2%. Singapore closed up 0.1%. Taiwan closed up 0.5%. Thailand closed up 1.2%.

Markets This Morning.

European markets are fractionally positive this morning. The London FTSE is up 0.1%. Germany’s DAX is up 0.2%. France’s CAC is up 0.4%.

Oil is unchanged at $108.83.

Gold is up $1 an ounce at $1,460.
This morning in the U.S. Market:

This week is a very light week for potential market-moving economic reports, almost none. To see the full schedule of the week’s reports click here, and look at the left side of the page it takes you to.

On Tuesday it was that the ISM non-Mfg Index declined fractionally in February.

This morning it was that new unemployment claims declined by 10,000 last week.

All eyes today will be on retailers’ same store sales being reported individually through the morning. As noted at the top of the post, they are a mixed picture so far, but whether up or down mostly beating Wall Street’s estimates.

Debates will be over the ECB’s rate hike, whether it was too soon, or timely and has the U.S. Fed behind the curve on inflation.

And of course debates on what a shut-down of the government would mean if a budget compromise is not reached.

I expect there will be a compromise and no shutdown. As I said months ago when the budget debates began, both sides would take it to the very limit to get as much political value out of the controversies for their side, and then compromise at the last minute because failure to do so would be a blight on both parties. A compromise allows the government to function and for both to then continue on with their criticisms of each other.
Our Pre-Open Indicators:

Our pre-open indicators are flat, pointing to the Dow being down 5 points or so in the early going, meaningless as to direction.
Posted by Mike Gupton at 11:13 AM 0 Comments

Monday, March 28, 2011

Gold at $2,000 by Year's End?

Gold had a week for the history books but ended with a whimper. However, gold bugs remain confident.

Both Thursday and Friday saw steep declines in the New York afternoon (after European markets had closed). Naturally, the faction I call the "Radical Gold Bugs"—who believe that gold is constantly subject to covert, malign influence by the U.S. authorities and their chosen instruments—were neither whimpering nor quiet.

The specter of a determined official-sector effort to cap the gold price is alarming for the gold bulls—especially as a credible rumor of it is likely to attract opportunistic profit-motivated sellers and be self-fulfilling.

But this time the fear may be overblown.

For one thing, gold shares are optimistic. The ARCA Gold Bugs Index managed to gain 5.45% last week, six times gold's rise. And while gold shares generally are still below their highs of early December, the HUI does appear to have broken its downtrend since then. Gold bugs believe that the shares do sometimes display predictive powers.

For another thing, physical-market premiums as tracked on Le Metropole Café have improved lately. Partly this stems from the U.S. dollar decline, and partly from the recent start of a rally in emerging-market equities. This is firming up such currencies as the Indian rupee, and consequently strengthening their bid to the global gold market.

Consequently, the assessment posted Friday on the Jesse's Café Américain website deserves attention: "I do not know what it is going to take to move gold over that neckline in the big inverse head and shoulders formation, or how long it might take. But I suspect strongly that when it does break out, we will see another fast move higher, because so many in the markets are not positioned for it. After at least one serious 'gut check' on the longs, gold will most likely move fairly quickly to $1,590."

"Depending on what happens, I will not be surprised to see gold hitting $2,000 by year-end."
Posted by Mike Gupton at 3:43 PM 0 Comments

Sunday, February 06, 2011

BBB Award Winner KMG Gold Is Industry's Most Trusted Gold Buyer

KMG Gold Recycling recently won the 2010 BBB Torch Award for marketplace excellence, truth in advertising, honesty and ethics.

KMG Gold Recycling - a international buyer and refiner of precious metals based in Winnipeg, Manitoba – credits its focus on transparent pricing and top-notch customer service with cementing its reputation as the industry's most “trusted” gold buyer. KMG Gold purchases gold, silver, platinum and diamonds from consumers throughout Canada and the United States through their website business ( and, at gold parties run by company trained certified gold buyers, and at their company-owned store in Winnipeg MB.

BBB Torch Award Winner-KMG GoldKMG has direct to the refinery shipping outlets in Sacramento California, Edmonton Alberta Canada and also at participating The UPS Stores® locations in Vancouver, Burnaby, Surrey, Kamloops, Winnipeg, and Calgary, Canada. Shipping direct to the refinery will always net the customer the most money for their gold, platinum and silver.

The gold buying industry, spurred by skyrocketing gold prices, has come under the media microscope. But, by conducting its business with a high level of honesty and integrity, KMG Gold has distinguished itself from the pack.

“Our transparent business practices and superior customer service wins us a loyal following,” says Michael Gupton, founder of KMG Gold. “We pay more money than all of our competitors and post our prices every day on our website. We lead the industry by providing Canada's only precious metal shipping insurance, a written evaluation and offer to purchase.” And, adds Gupton, “Our new website lets consumers browse and see the prices we pay and what we buy. It helps consumers have a better idea of the value of their own items before they send their gold to us.”

Gupton, a 25+ year gold industry veteran and published author is often tapped by consumers advocacy groups and charitable organizations  to speak about gold and gold value.

“At KMG Gold, we believe strongly in educating consumers about the value of their gold. The more information the consumer has, the less likely they will be misled by dishonest dealers,” says Gupton. “We provide a extensive range of information on our website and have an excellent customer service team to quickly respond to emails and phone calls.”

Posted by Mike Gupton at 3:42 PM 0 Comments

Sunday, February 06, 2011

Better Business Bureau Award Winner-KMG Gold Recycling

KMG Gold Recycling has earned the trust of many thousands of gold investors globally.

Winner of the prestigious BBB Torch Award for 2010, for demonstrating honesty, ethics, truth in advertizing, and marketplace excellence.

With over three years of operation, KMG Gold Recycling is one of the most respected names in the gold industry. We are one of the few established gold dealers with an unblemished Better Business Bureau rating and a record of zero complaints.

Our tradition of exceptional customer service and professional excellence sets us apart from our competition. We take pride in our commitment to educating first-time gold and silver owners, while strictly adhering to a no-pressure sales approach. Discover for yourself why thousands before you already consider KMG Gold to be an industry leader for market research and commentary, product pricing and availability, and reliable and competent portfolio guidance.

Posted by Mike Gupton at 2:58 PM 0 Comments

Sunday, February 06, 2011

How to Sell Unwanted Gold

You can learn how to sell unwanted gold in no time at KMG Gold Recycling. When you acquire the right tips in how to sell unwanted gold, you stand to earn a lot of money.

Unwanted gold can come in the form of a necklace, ring, earring, bracelet, brooch or coin. If you want to get top dollar for your items, it is imperative that you discover how to sell unwanted gold.
You will need to find a trustworthy gold buyer in order to be given a fair quote for your gold. Selecting the appropriate buyer takes a bit of research and time, but you will thank yourself in the long run.

You can find a gold buyer through a major search engine or online yellow pages. Once you have made a choice, you can find additional information on various blogs, forums and review sites. These websites have information on customer experiences, feedback, comments and ratings.

Another important place to go is the Better Business Bureau (BBB). This agency has been around since the early 1900?s and has been keeping tabs on thousands of businesses. You can find out if a gold buyer has unresolved complaints and if they have a positive track record. An accredited business such as BBB award winning KMG Gold Recycling holds a prestigious status with the BBB, as they have passed their stringent tests of honesty and integrity.

Although there are many different kinds of buyers, you will want to choose an online gold buyer. This type of buyer can provide high-priced quotes and a quick turnaround time. Physical stores such as a pawn shop or jewelry store only offer low prices and take too much of your time. With an online buyer, you simply mail in their prepaid envelope.

Unwanted gold can give you the extra cash that you need. Learning how to sell unwanted gold will help you achieve your goals.

Posted by Mike Gupton at 2:46 PM 0 Comments

Sunday, February 06, 2011

Money for Gold Jewelry

There are many ways to get money for gold jewelry. However, in order to get the most money for gold jewelry, you should learn about the gold industry and the selling process. An excellent resource is KMG Gold Recycling's website.

The price of gold has risen to record highs, which has prompted many gold buyers and sellers to get money for gold jewelry. The best price for your items can be achieved with industry information that includes the current price of gold, which the best gold buyers are, and where to find these buyers.

The market price of gold is important because you want to make sure that you are receiving, not only the most money from the buyer, but also the correct gold price. You can find the price of gold by visiting the websites of companies that buy and sell commodities, such as gold, as they will display and update the price as it changes every minute or so.

It is important to note that you should only deal with a reputable gold buyer. A gold buyer is considered reputable if they offer a satisfaction guarantee, are members of the Better Business Bureau (BBB), and have a good reputation with previous customers. A guarantee is important because it means the company will do whatever it takes to make you happy.

Gold buyers that are part of the BBB have met strict guidelines and are constantly reviewed by the group to make sure they are operating in an ethical and honest manner such as KMG Gold who won a BBB Torch Award for marketplace excellence, honesty, truth in advertizing, and ethics. Individuals can also review the company.

Posted by Mike Gupton at 2:44 PM 0 Comments

Saturday, February 05, 2011

Useful Information for a First Time Gold Buyer

Even with the huge increase in price over the last few years and some media attention gold is definitely not a mainstream investment vehicle. It still remains somewhat elusive and for the would- be buyer there is always the question of how does one go about gold safely and cheaply. Here are some tips to help you on your way.

There are many different forms of gold that you can buy, it all depends on how much you want to invest. You have to remember that what you are investing in is the metal itself. So, in many ways it does not matter what kind of form it comes in, you just have to find the form that is convenient for you and fits your budget.

Buying Gold and Arranging Storage
For someone who wants to invest tens or hundreds of thousands or even millions of dollars in gold then taking physical possession of the gold can be problematic unless you have a good large safe, but even then you have the problem of it being stolen or broken into. The next best option is to buy it and arrange physical storage. There are a number of companies out there that will do this for you. You can arrange the purchases on line and they will do everything else for you. Using this method you are usually charged between 2% and 5% for your transactions and your gold is stored for you relatively inexpensively.

Buying Coins and Bullion
Gold often comes as semi numismatic coins. These are coins with a collectors value often hundreds and thousands of dollars above the value of the gold in the coin. Unless you specifically want to go into this market, know a lot about these types of coins, and are able to sell these coins to someone else, I would advise not buying these types of coins as a beginner. Other coins such as old Canadian Gold Coins and coins produced by national mints can be bought at coins shops and online for a relatively low premium. You can also buy small gold bars that are 1- 10 ounces.There really is no difference as long as the gold is pure.

Violent Price Swings
The gold market can undergo very violent price swings, dropping or rising as much as 10% in one day. This is because the gold market is relatively small so any significant purchases will be bound to have a dramatic impact on price. So do not be alarmed if you see these types of swings happening. By the same token do not try and trade this market, the best approach is to see gold for what it is - insurance and to hold it for the long term with this in mind.

For more information on becoming a gold buyer visit:
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Posted by Mike Gupton at 12:00 AM 0 Comments

Saturday, February 05, 2011

Investing in Gold

As you well know the price of gold has skyrocketed in the last several months. At the time of this article gold prices are well over $1000.00 for one gold bullion. Gold coins are also going up in price matching the rate of the gold bullion. Not only has gold skyrocketed but the price of silver and copper have increased as well. Local media has covered many news stores featuring copper being stolen off of work sites.

Why has gold investment increased?

This element is resistant to other chemicals. Although it an be shaped easily it never looses its shiny luster. One of the draws to gold investing rather than stock investing is that gold lasts forever! It will always retain its value. Historically gold values have gone up when the economy gets worse. Gold is sort of insurance in case of a currency crisis.

People are always looking for something tangible to hold rather than intangible stocks. And now, with the economy in a crunch, gold is demand more that ever.
I know you have seen the commercials that entice you to trade in your gold for cash. The show Gold Rush on Discovery is also reaching popularity.
Now you know why the gold investment is even more popular. Here are some tips on how you can invest in gold. When buying gold there are several different ways you can do it. You can buy gold coins to bring home. You can do this by purchasing form collectors or dealer or auction houses. You can also buy gold over the stock exchange.

What to look or when buying gold coins

First look to see what type of gold coin it is. Also take in consideration size or weight of the coin. You want to be aware of the finesss of the gold. Not all gold coins are pure gold. Sometimes other metals are mixed in to make the coin more durable. Gold coins are typically 917 parts gold per 1000. Of course you would want to consider price. Most gold is bought at spot price, the price you pay at time of purchase. Usually this price is a little higher due to it including taxes and other fees.

When looking at purchasing bullion bars most individuals purchase 10 mg to 110mg bars. Bullion bars can be bought in larger sizes depending upon how big your wallet is!

You can hold gold through escrow meaning you can hold the rights to it without holding it in your possession. There are some sites online that allow you to purchase gold like this. Exchange traded funds is along the same lines as escrow. When you purchase gold this way you get a certificate stating you have hold over gold stored in a bank.

Advice on Buying Gold

When looking around for advice on how to buy gold, I came across an obvious piece of information. Buy in the cheapest form. What does this mean? Usually this means buying gold bars. Gold bars come in 12.5 kilo bars. This option is mostly for the larger investor. The biggest downfall of purchasing gold bars it that the bars cannot be split!

You can also purchase gold in two types of coins, Krugergands and Gold Sovereigns. Gold Sovereign coins are more historically oriented therefore costing more and Krugergands are a cheaper way to purchase gold. Other advice includes buying within your means and buy when gold is at it's cheapest. Also take into consideration percentage premium. That is consider the percentage of gold in the content and the selling price.
Where can you buy gold on line

Be sure to not be taken in by phony claims. A while back there was a company advertising in a clever way to purchase their gold. They put out an article about how thousands of people were getting a free safe with their purchase of 300 dollars worth of gold coins. The article complete with picture was really an advertisement. Many people mistook it for a sincere article and fell for it. They did receive their gold coins, but they were gold plated coins! The company had the name Federal Reserve in it, however it was misleading too.
The Gold Standard

On CNN Congressman Ron Paul was interviewed concerning the Gold Standard. Ron Paul, a Congressman from Texas is slated to oversee the Federal Reserve. He believes paper money is going to be a thing of the past. He states "People will start using gold as money, shift some of their paper assets into gold. Purchasing power of gold goes up and it will go up in all currencies, even though there may be minor fluctuations where the yen may do better than the euro – that sort of thing." He believes people have lost their confidence in the paper dollar and they want something of real value. Gold has been used as currency for over 6000 years, why not now?

Now you have some idea about how gold is bought and why it has become so popular. If you believe gold is an investment for you check out the links below to check on gold prices or to sell your gold with KMG.
Posted by Mike Gupton at 12:00 AM 0 Comments

Thursday, August 26, 2010

Gold Buyer Unit Descriptions and Conversions

Precious metals are bought and sold in troy ounces and grams.

When someone speaks of something weighing an ounce, the chances are, that they are referring to an Avoirdupois Ounce. Unless, they are referring to an ounce of gold, silver, platinum, gemstones or gunpowder. In which case, they are referring to a Troy Ounce. The two ounces are not the same!

The avoirdupois system is a system of weights or mass based on a pound of sixteen ounces. It is the everyday system of weight used in the United States. It is still widely used by many people in Canada and the United Kingdom despite the official adoption of the metric system.

The pennyweight is an archaic weight used in the valuation and measurement of precious metals. Jewellers may still use the pennyweight in calculating the amount and cost of precious metals used in fabricating or casting jewelry. Similarly, dentists and dental labs may also use the pennyweight as the measure of precious metals in dental crowns and inlays.

A pennyweight is a unit of mass which is 24 grains, 1/240th of a troy pound, 1/20th of a troy ounce, approximately 0.055 ounces or approximately 1.555 grams.

Carat is a unit of mass for gemstones and pearls, equal to 0.2 gram or 200 milligrams. Karat is a unit of purity for gold, where one karat is 1/24th purity by mass.

Grains are currently used in the United States and Canada to measure the mass of bullets and gunpowder, and scales for handloading measure in grains; bullets are generally measured in increments of 1 grain, gunpowder in increments of 0.1 grains. An avoirdupois ounce is equal to 437.5 grains, whereas a troy ounce is equal to 480 grains.

The most common solid gold hallmarks are the karat stamps; 8k, 9k, 10k, 14k, 18k, 21k, 22k. Other hallmark stamps include; 333, 375, 417, 583, 585, 750, 875, 916, 917, 999. These all represent the permillage gold or “fineness” in the alloy of the item, 333 being 33.3% or 8/24ths gold (8k), 417 being 41.7% or 10/24ths gold (10k) etc.

One troy ounce [ozt] is exactly 31.1034768 grams

One avoirdupois ounce [oz] is exactly 28.349523125 grams or 437.5 grains [gr]

One pennyweight [dwt] is approximately 1.555174 grams

One grain [gr] is exactly 0.06479891 grams

One carat [ct] is exactly 0.2 grams. The carat is divisible into one hundred points of two milligrams each.

One troy pound [troy] is exactly 12 troy ounces [ozt], 5,760 grains [gr], or 373.2417216 grams [g]

One troy ounce [ozt] is exactly 20 pennyweights [dwt], or 480 grains [gr], or 31.1034768 grams [g]

One pennyweight [dwt] is exactly 24 grains [gr], or 1.55517384 grams [g]

One avoirdupois pound [lb] is exactly 16 avoirdupois ounces [oz], 7000 grains [gr] or approximately 14.5833333333 troy ounces [ozt]
Tags how to  gold  tips 
Posted by Michael Gupton at 12:00 AM 0 Comments