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Saturday, January 8, 2011

Gold Collection

Winter Gold Collection for Men from Porsche For the man in your life who appreciates the finest in vehicles perhaps a pretty package of fine accessories from a premiere auto manufacturer would be the perfect present under the tree. Porsche's new Winter Gold Collection includes a stunning pair of shades, two timepieces and a pair of cufflinks. He can shield his eyes with the gold-toned P'8440, reminiscent of their 'Exclusive Sunglasses' from 1978. Then bejewel his dress shirt with the 18K rose gold cufflinks marked in onyx and crystals. Finally, two stunning watches, one is the Worldtimer P'6750 and the other is a choice from three of the timepieces from the Dashboard Series. I''m pretty sure he'll feel the speed and bling of Porsche in these gifts

French jeweler Mauboussin

Maboussin Rings Benefit City Harvest French jeweler Mauboussin recently opened their U.S. flagship store, a 6,000 square foot boutique on Madison Avenue in New York City and to demonstrate good will to the city they are announcing a charity gift this holiday season to benefit City Harvest, New York City's only food rescue program. Mauboussin will donate 10% of the retail value from the purchase of any ring from the "Mes Couleurs a Toi" collection to City Harvest and customers will also receive a 15% discount on their purchase. There are six versions of the ring featuring a central 6.5 carat stone in amethyst, citrine, blue topaz, smoky quartz, lemon quartz and rose de France amethyst set in gold with accent diamonds

Deborah Kerr's RIng Up For Auction

Deborah Kerr's RIng Up For Auction A bit of Hollywood goes on the block this week when jewelry that once belonged to Hollywood actress Deborah Kerr will go on sale in London. Kerr, who starred in movies such as "From Here To Eternity" and "The King and I" died in October of last year. One of the priciest items for sale at the auction at Bonham's London on December 4 is this triple-stone diamond engagement ring from her first husband, Squadron Leader Anthony Charles Bartley. It features three yellow-tinted, brilliant-cut diamonds which weigh 2.32, 2.98 and 2.17 carats respectively each within a four-claw setting on a tapered hoop of woven design. The ring is estimated at £20,000-25,000. read more

Steinway & Sons Watches


Piano company Steinway & Sons is now in the watch business. Their unique Steinway & Sons Watches are designed to honor the company's musical heritage as well watchmaking and should be a hit with music lovers. Pianist and watchmaker Fabrizio Cavalca is behind the watches which are inspired by the look of a grand piano. The dial has 12 hand-fitted strings on a gold soundboard and ebonized hands with a satin finish. The second hand is in the form of a tuning fork. The mens' watch uses a Swiss automatic movement, a customized ETA 2000 with an ebonized rotor and bridge. The dial and the crown of the watch bear the Steinway logo and the strap is alligator.

Blancpain Tourbillon Diamants


The latest creation from Blancpain is absolutely stuffed with diamonds. The Tourbillon Diamants has 480 diamonds for a total of 58 carats. The dial sparkles with a brick-like arrangement of baguette diamonds. The watch uses the Blancpain Calibre 25A movement, a mechanical self-winding movement made of 239 parts with a seven-day power reserve. The 40mm white gold case is water resistant. The white gold bracelet is set with 42 carats of diamonds.

Dirty Sexy Seiko

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Tastes change with age. I’d always thought of gold watches as gaudy. In bad taste. Self-indulgent. Hedonistic. Either that, or I considered them watches for old people. For retirees. But recently it struck me how fun it would be to wear a gold Grand Seiko as an everyday watch. To wear to the office. To wear pumping gas. Solid gold Grand Seikos are sexy.
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Collecting watches is an enjoyable hobby, but usually not a good investment. Yet, with the steadily weakening US dollar caused by fears of a looming economic recession in America, watches with 18 karat gold cases, such as Grand Seikos, become more valuable each year. The chart above shows how gold has appreciated over the past seven years. Last week, gold traded at over $700 US per ounce. Gold is a good hedge against inflation.
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Saturday, January 1, 2011

Barrick Gold Corp. and Newmont Mining Corp. rose in U.S. trading after gold reached a record high.


Barrick Gold CorpBarrick, the world’s largest gold producer, climbed as much as 3.8 percent, the biggest intraday gain since June 25. Newmont, based in Greenwood Village, Colorado, advanced as much as 6 percent, the biggest intraday rise since May 11
Gold futures for December delivery rose to a record $ 1,276.50 an ounce on the Comex in New York as investors seeking a hedge against possible declines in currencies and equities. The metal is heading for its 10th annual duty. Bullion reached his previous record in June, trading at $ 1,266.50 and attracting investors like George Soros and John Paulson. (more…)

How the new Australian mining tax works?


mining taxSYDNEY – Australia’s new 40 percent tax on mining profits is not as far-reaching as it first seems. The tax will sting, no doubt, but it will not apply to all the profits of miners working in Australia. Any profits derived from mines outside Australia will be left untouched. So companies like Anglo-Australian mining giants BHP Billiton (BHP.AX: Quote, Profile, Research) (BLT.L: Quote, Profile, Research) and Rio Tinto (RIO.AX: Quote, Profile, Research) (RIO.L: Quote, Profile, Research) have less to lose than the naked headlines would suggest: their non-Australian mining operations are completely outside the tax. (more…)

Australian Mining Company and Stock Market Report


Australia & P / ASX 200 Index fell 0.4 percent to 4,635.10 at the close of trading in Sydney. New Zealand’s NZX 50 Index gained 0.2 percent to 3,107.09 in Wellington. The following are among the most active shares on the market. Stock symbols in parentheses after company names.
Australia:
Ardent Leisure Group (ADA AU), trust that invests in Australian Leisure and entertainment properties, fell 4.5 percent to $ 1.49 after the stock was downgraded to “hold” from “buy” at Deutsche Bank AG.
(more…)

Gold Mining Stock – CANADA STOCKS-TSX ends higher for 3rd day as golds rebound

gold mining stocks CanadaToronto’s main stock index finished moderately higher in volatile trading on Wednesday, thanks to rebounding gold shares and a late afternoon turnaround by financials.The index’s weighty materials sector gained 0.62 percent as gold prices rose on safe-haven buying due to renewed concerns about the fiscal health of Greece. Gold-mining stocks recorded solid gains, reversing Tuesday’s losses, as Barrick Gold Corp (ABX.TO: Quote, Profile, Research), the world’s largest producer, rose 1.18 percent to C$39.49, while Goldcorp Inc (G.TO: Quote, Profile, Research) jumped 1.93 percent to C$39.53. Read more

Gold Investing : Will Gold Prices Hit $ 2000 by 2012?

gold stock investmentMany a big gold bug eyes a glimpse of their favorite metal jump over the psychological (and technical) important $ 1,200 per ounce level on Wednesday. I say a “look”, because those who blinked may have missed. But the blip still managed to register on the radar screen long enough for any gold lover hot and bothered about a possible return to the highs enjoyed in earlier years, if not a leap into the stratosphere. Read more

China Gold buys Tibet mine

 
Homepage image of China Gold Mines.
Homepage image of China Gold Mines.Website of China Goldmines
China Gold International Resources Corp Ltd said Monday it has signed a deal to buy a copper mining property in Tibet in an all-stock deal valued at $742.3 million (US).
China Gold said it will issue 170.3 million common shares at a deemed price of $4.36 (Canadian) a share for 100 per cent of Skyland Mining Ltd, whose chief asset is the Jiama copper property in Metrorkongka County, Tibet.
The Jiama Property hosts a large copper-polymetallic deposit that is being developed into a combined open-pit and underground mining operation.
The purchase includes assumption of shareholder loans of $42.3 (US) made by the vendors, Rapid Result Investments Ltd. and China National Gold Hong Kong Ltd, a wholly owned subsidiary of China National Gold Group Corp, the company’s largest shareholder.
China National Gold Group, the largest gold producer in China with an annual output of 89 tonnes, is 100 per cent owned by the State Investment Commission of the State Council of China.
“The acquisition of Skyland represents the first significant step in China National Gold’s goal of establishing China Gold International Resources Corp Ltd as its international flagship company,” China International’s chairman, Zhaoxue Sun, said in a news release.
The company said completion of the transaction was subject to a number of conditions, including approval from disinterested shareholders, the completion of China Gold International’s listing on the Hong Kong stock exchange and regulatory approvals.
A special meeting of shareholders to approve the transaction is expected to be held in October, with closing expected in November.

Vast gold seam discovered in Inner Mongolia

SHANGHAI - China Gold International Resources Corp Ltd (CGIR), a subsidiary of China National Gold Group Corp, the country's biggest gold producer by output, said on Thursday it has discovered an ore sample indicating vast gold reverses at its mine in the Inner Mongolia autonomous region.
The company said in a statement to the Hong Kong Stock Exchange that it detected a 144.5 meter seam of gold-bearing ore with a grade of 0.92 gram of gold a ton in its Chang Shan Hao (CSH) gold mine, China's biggest low-grade gold mine and CGIR's main asset.

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CGIR said the ore sample is the best it has found this year in the mine but didn't reveal an estimate of the total reserve. Zhang Lei, a gold analyst with Oriental Security, said that the length of the seam is "very impressive", though the grade of the sample is "relatively low".
The company has drilled more than 4 km in eight exploration wells at the mine this year to further explore the reserve, and has found four ore samples that indicate significant amounts of gold.
"Based on the exploration results this year, we have strong reason to believe that the CSH gold reserve has great growth potential," CGIR Chief Executive Officer Song Xin said.
"We are working on a three-year exploration plan to boost the value of CSH."
The company began extracting gold at the mine in July 2007. As of the end of September, the company had extracted 76,905 ounces (2,155 kg) of gold from the mine, with a daily ore processing capacity of about 20,000 tons.
The company's H share rose 1.83 per cent to HK$41.75 ($5.36) in morning trading on Thursday.
Analysts believe a potential increase in the CSH reserve would provide a shot in the arm for the company's performance, at a time when the price of gold has been hitting records as investors seek safe havens to guard off excessive liquidity.
Gold for February delivery increased $7.90 to $1,413.50 an ounce on Wednesday at the Comex division of the New York Mercantile Exchange, after hitting an all-time high of $1,430 per ounce earlier this year, more than three times the price in 2002.
An October report by Goldman Sachs predicted that the metal will reach $1,650 an ounce in 2011.
CGIR raised HK$2.4 billion in a Hong Kong IPO on Dec 1 to accelerate its expansion, with 15 per cent of the proceeds to be used in exploration and 30 per cent in mergers and acquisitions.
On the same day as its Hong Kong IPO, the company paid $742 million to buy Skyland Mining Ltd, whose main asset is the Jiama poly-metallic mining project in the Tibet autonomous region. The mine has a proven gold reserve of 96 tons.

Composition, Structure and Associated Minerals:






To view additional Gold Photos see:
 
Golden bear nugget
The famous Golden Bear Nugget From California
wire gold specimen

Gold Mineral Facts:

Chemical Formula
Octahedral Gold crystals attached together, specimen from California
: Au 
Colors: The mineral is various shades of metallic yellow, depending upon purity, becoming paler with increase in the percentage of silver present.
Hardness: 2.5 to 3
.
Density: 15.6 to 19.3

Density varies somewhat depending on impurities - the purer the heavier.
Cleavage: None  
Crystallography: Isometric
Sometimes found as octahedral crystals. Usually in irregular plates, scales or masses, seldom definitely crystallized. Gold is also found arborescent crystal groups with crystals elongated in the direction of an octahedral axis. Crystals are irregularly distorted to the point of passing into filiform, reticulated and dendritic shapes.

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