Diamond have their own attraction.The design is very sophisticated and attractive.
Gucci also has unique styles for ladies and gents.
Wrist watches are very useful style.Movado is also a branded company and its styles are awsom
e.
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Wednesday, December 1, 2010
Fasionable World
Posted by : : GOLD AND JEWERLY : : on 9:06 AM
Diamond have their own attraction.The design is very sophisticated and attractive.
Gucci also has unique styles for ladies and gents.
Wrist watches are very useful style.Movado is also a branded company and its styles are awsom
e.Gold Bridal Jewellery
Posted by : : GOLD AND JEWERLY : : on 9:02 AM
Gold bridal jewellery is set to become very popular for brides in 2010! Gold bridal jewellery will add a touch of luxury and richness to your bridal look – just perfect for adding warm tones to the latest Dark Ivory, Champagne or Light Gold wedding dresses. Gold bridal jewellery is also ideal for the latest vintage-style and Victorian influenced wedding dresses which are decorated with gold accents and embroidery.
Crystal Bridal Accessories has launched a NEW Gold Crystal Bridal Jewellery Collection. Gold bridal earrings, gold bridal set, gold bridal comb, gold bracelets and gold bridal tiara are included in the collection which is made using a special topaz coloured Swarovski stone identified as ‘Light Colorado Topaz’. All the gold crystal jewellery items are finished in a gold-plated setting and have touches of gold AB crystals for maximum shine. Unique, elegant and fashionably on-trend for bridal jewellery in 2010!
Latest Rings Designs
Posted by : : GOLD AND JEWERLY : : on 8:55 AM
Passion8
A diamond ring, earrings and pendant set from Passion8’s jewellery collection.
| Search Stories by: and/or |
Embedded with a created pink diamond, this white gold ring is the latest offering from Moi Moi Fine Jewellery.
1 to 12 of 141 stories.
Latest fashionable jewelry – Diamond jewelry
Posted by : : GOLD AND JEWERLY : : on 8:50 AM
I had gone to market for buying jewelry. I like latest designs and new trends jewelry, so at that time I was looking for special and different jewelry. I had chosen Diamond. I was felling diamond are always fashionable and design things. These are available in many designs with different colors. It is also latest fashion to wear diamond jewelry. Many people like diamond. There is much availability of diamond and it gives popularly to it.1. It is all time wearing jewelry, can be wore in every season and looks beautiful. 2. It is party wear but we can wear at every place. 3. Diamond is popular as wedding jewelry and people purchase it for special occasions. 4. It is available in all prices.
I want tell you only diamond is not important because it doesn’t look beautiful without design, gold, silver, pearls and others things, so there are many designer designs to jewelry and diamond get natural beauty with fashionable things. We feel very special by wearing diamond and we get different look than other people. It is comfortable jewelry.
Men and women jewelry are different but all jewelry are good. Youth like to new trend and new design jewelry but these are first choice for engagement. Engagement jewelry is very important part of our new life. It is first steps of life, so we should choose the perfect jewelry for all time.
Traditional jewellery of India
Posted by : : GOLD AND JEWERLY : : on 8:46 AM
jewelry from india
It's raining gold, at Tanishq
Posted by : : GOLD AND JEWERLY : : on 8:44 AM
THIS monsoon, it's not just raining, it's raining gold! Tanishq today announced "Free gold coin offer", a unique offer, valid till 23rd August 2009 in all the Tanishq outlets in Maharashtra.
Indian Gold Jewellery
Posted by : : GOLD AND JEWERLY : : on 8:43 AM
Thursday, March 23, 2006
Indian gold jewellery is a very important part of Indian life. It is not just an investment or a dowry but it is also an expression of joy and inspiration and, indeed can be an expression of solace as well.
Gold always holds a special place for the Indian bride and also to Indian Royalty. For a Indian woman, gold is her ‘Stridhan’ or security for the future.
The gold jewellery in various parts of Indian vary quite considerably.In Northern India the trend is towards the chunkier forms of gold jewellery. Northern Indian women are known also for their tendency towards experimentation in their gold designs. The sacred ornament of marriage, the ‘mangalsutra’ is making a come back as well and more antique and earlier styles tend to be more favored now.
Friday, November 12, 2010
Gold jewelry
Posted by : : GOLD AND JEWERLY : : on 6:07 AM
Gold jewelry is everywhere. Some people sell it at majorly discounted prices and some will even buy yours. If you have old jewelry now if the time to take it in and make some money off of it. Some people have taken their old or unfashionable gold jewelry to the pawn shop and been declined adequate payment. They then toss this jewelry into a drawer never to be looked upon or worn again.
Some places will sell you new discount jewelry of all kinds of gold. There are colors and finishes to choose from and most fittings will hold any stone. Finding discount gold jewelry or making some money off your old gold has never been easier. There are places online willing to send you everything you need to send in your gold to a reliable buyer. Either spending or saving you can find a great way to do it online.
Wedding jewelry
Posted by : : GOLD AND JEWERLY : : on 6:05 AM
Wedding jewelry can be something very special. It is meant to be worn constantly for the rest of your life. From the day of the engagement you should be already thinking of what kind of set you and yours will be getting. What stones and cuts you both want. If you want matching sets or something with a little more uniqueness. The idea of having matching sets it to show that those rings, like you two, are a pair.
There are many places that specialize in wedding jewelry. There are set at every fine jewelry retailer under the sun. You can find a numerous amount of stores and sets online for purchase. If you are looking for something a little more personalized you can get the rings engraved on the inside or outside of the band. Most couples choose the inside and some stores offer this to be done before the item is shipped.
Wednesday, November 10, 2010
October 2010 Gold Eagle Bullion Coin Sales Rise for Second Month
Posted by : : GOLD AND JEWERLY : : on 3:11 PM
U.S. Mint buyers purchased more ounces of American Gold Eagle bullion coins in October 2010 than the prior September, marking a second straight month of gains.
United States published coin sales figures show 94,000 ounces of the eagles were sold last month, up from the 88,000 in September and the 41,500 from August.
May continues at the top spot for 2010 with 190,000. The monthly totals include the one ounce Gold Eagle as well as the three fractional 1/2 ounce, 1/4 ounce, and 1/10 ounce sizes. Although total ounces were higher in October, slightly fewer fractional 2010 Gold Eagles were sold as compared to September.
2010 Gold Eagle Sales Totals
| Month | One ( oz. / #coins ) | Half ( oz. / #coins ) | Quarter ( oz. / #coins ) | Tenth ( oz. / #coins ) | Total ( oz. / #coins ) |
| January | 85,000 85,000 | 0 0 | 0 0 | 0 0 | 85,000 85,000 |
| February | 84,000 84,000 | 0 0 | 0 0 | 0 0 | 84,000 84,000 |
| March | 102,000 102,000 | 0 0 | 0 0 | 0 0 | 102,000 102,000 |
| April | 60,500 60,500 | 0 0 | 0 0 | 0 0 | 60,500 60,500 |
| May | 190,000 190,000 | 0 0 | 0 0 | 0 0 | 190,000 190,000 |
| June | 97,000 97,000 | 15,500 31,000 | 11,000 44,000 | 28,000 280,000 | 151,500 452,000 |
| July | 147,500 147,500 | 1,000 2,000 | 500 2,000 | 3,000 30,000 | 152,000 181,500 |
| August | 39,000 39,000 | 500 1,000 | 500 2,000 | 1,500 15,000 | 41,500 57,000 |
| September | 82,500 82,500 | 1,000 2,000 | 1,500 6,000 | 3,000 30,000 | 88,000 120,500 |
| October | 89,500 89,500 | 1,500 3,000 | 500 2,000 | 2,500 25,000 | 94,000 119,500 |
| Total | 974,000 974,000 | 19,500 39,000 | 14,000 56,000 | 38,000 380,000 | 1,048,500 1,452,000 |
October 1986 remains the best ever month for the eagles with 692,000 ounces sold, representing just over 1 million coins. The date marked the first time the 22 karat bullion coins were available, which naturally inflated sales. American Gold Eagle bullion coin demand starting ticking substantially higher during the second half of 2008, and last month was the sixth best October since the series debuted. However, the performance lagged the same month sales in 2009 and in 2008. Overall demand is slipping from its latest peak to some degree.
Gold Eagle Bullion Coin Sales: October 1986-2010
Still, 2010 will be one of the best years for the gold pieces. Year-to-date sales already rank as the sixth best, and there is still two months left in the year that will be added into the mix.
Although Gold Eagle sales historically picks up in November and December, it does appear that the final 2010 tally will fall behind the 1.425 million ounces sold in 2009.
Annual Gold Eagle Bullion Coin Sales: 1986-2010
Companion American Silver Eagles soared last month with levels breaking four straight monthly declines. Their sales are nearing and will soon shatter the all-time annual record set in 2009. For more, read the CoinNews.net article about October Silver Eagle sales.
October 2010 Gold Eagle Bullion Coin Sales Rise for Second Month
Posted by : : GOLD AND JEWERLY : : on 3:09 PM
Sales of American Silver Eagle bullion coins surged in October 2010, breaking a string of four straight monthly declines and reaching near an all-time annual high. It was the best October ever for the series which was introduced in 1986.
United States Mint buyers purchased 3.15 million Silver Eagles during the month, topping previous monthly sales in September, from August, and those in July and June. U.S. Mint published sales figure reveal 28,630,500 of the bullion coins were ordered between January and October 2010. That was just 136,000 shy of matching 2009′s yearly annual record.
Annual Silver Eagle Bullion Coin Sales
Since their debut in 1986, the investment grade coins have average sales of just over 800,000 per month. However, this number has been significantly skewed in the last few years with Silver Eagle demand reaching record levels. Pull out coin orders in 2008, 2009 and 2010 and the monthly average falls toward 600,000.
October Silver Eagle sales ranked as the fourth best month in 2010, after a sliding September which ranks at the absolute bottom. The following table highlights this year’s figures:
US Mint 2010 Silver Eagle Sales | ||
|---|---|---|
| Monthly Sales | Monthly Rank | |
| January | 3,592,500 | 2 |
| February | 2,050,000 | 9 |
| March | 3,381,000 | 3 |
| April | 2,507,500 | 7 |
| May | 3,636,500 | 1 |
| June | 3,001,000 | 5 |
| July | 2,981,000 | 6 |
| August | 2,451,000 | 8 |
| September | 1,880,000 | 10 |
| October | 3,150,000 | 4 |
| Total | 28,630,500 | |
Prior to 2008, Silver Eagle bullion coins were lucky to approach 1 million in sales during a typical October month. October 2009 had shattered the record when more than double the amount of eagles (2,939,000) were sold than in any previous year during the same month. Now, last month easily comes in first place as compared to the same month from past years.
Silver Eagle Bullion Coin Sales: October 1986-2010
The bullion coins have had and will have more competition. Silver prices are much higher, the Silver Eagle per coin premiums went up from $1.50 to $2.00, and the Mint is releasing the collector proof Silver Eagle Nov. 19.
[Editor's note: This article was edited to reflect new U.S. Mint sales figures that were updated on November 4. The article originally indicated 2.6 million American Silver Eagle bullion coins were sold in October 2010.]
Gold Mining on the Island of Sulawesi in Indonesia
Posted by : : GOLD AND JEWERLY : : on 3:01 PM
Sulawesi is one of the four larger Sunda Islands of Indonesia and is situated between Borneo and the Maluku Islands.
Huge deposits of gold have been found 250km of the capital in the Bombali District in 2008 and since then, it’s the gold rush and hundreds of people go there hoping to get rich!
Children quit school and work instead for 10-20 dollars a day, which I think is not too bad over there..
Here are some sad black and white photos showing a bit how things happen over there…
Italian Charms, Wholesale Italian Charm Bracelets & Link Charms
Posted by : : GOLD AND JEWERLY : : on 2:56 PM
Italian charm bracelets were very popular in the 1990s and became one of the biggest global fashion trends in the beginning of 21st century. At present, people from all over the world are crazy about Italian charm bracelets. These charm bracelets are made of flat Italian link charms. They do not dangle because of flatness of links. The traditional Italian charm bracelets were crafted with stainless steel or gold.
One could choose from links or charms made of either of these metals. These are still made and sold but at relatively higher prices. Those who can not afford it can go for silver or stainless steel charms. They can be used as a perfect gift for all occasions, especially for teenagers.
 |
PROFITS
Posted by : : GOLD AND JEWERLY : : on 2:54 PM
Although the conventional wisdom is that merchants made more money than miners during the Gold Rush , the reality is perhaps more complex. There were certainly merchants who profited handsomely. The wealthiest man in California during the early years of the Gold Rush was Samuel Brannan, the tireless self-promoter, shopkeeper and newspaper publisher. Brannan alertly opened the first supply stores in Sacramento, Coloma, and other spots in the gold fields. Just as the Gold Rush began, he purchased all the prospecting supplies available in San Francisco and re-sold them at a substantial profit. However, substantial money was made by gold-seekers as well. For example, within a few months, one small group of prospectors, working on the Feather River in 1848, retrieved a sum of gold worth more than $1.5 million by 2006 prices.
On average, many early gold-seekers did perhaps make a modest profit, after all expenses were taken into account. Most, however, especially those arriving later, made little or wound up losing money. Similarly, many unlucky merchants set up in settlements that disappeared, or were wiped out in one of the calamitous fires that swept the towns springing up. Other businessmen, through good fortune and hard work, reaped great rewards in retail, shipping, entertainment, lodging, or transportation. Boardinghouses, food preparation, sewing, and laundry were highly profitable businesses often run by women (married, single, or widowed) who realized men would pay well for a service done by a woman. Brothels also brought in large profits, especially when combined with saloons/gaming houses.
By 1855, the economic climate had changed dramatically. Gold could be retrieved profitably from the goldfields only by medium to large groups of workers, either in partnerships or as employees. By the mid-1850s, it was the owners of these gold-mining companies who made the money. Also, the population and economy of California had become large and diverse enough that money could be made in a wide variety of conventional businesses.
From Wikipedia, the free encyclopedia
The History of the Value of Gold can tell the Future
Posted by : : GOLD AND JEWERLY : : on 2:53 PM
Here is a look at one of the best articles regarding the history of gold value that may provide insightful looks at future investments. This article is long but to good to hack apart. With the economy in poor shape looking at the history of golds value and the economy is worthy reading.
Fundamentals Revisited
By Barry Forst
Since recent action in the gold market has been quite volatile, I think it's important to refocus on the long term fundamentals. Many times, investors are sidetracked by dramatic price swings, reacting emotionally with either greed or fear. During the current decline we recommend that clients add to their hedge positions. The bull market is still intact and that the "fundamentals for gold" are stronger than ever.
Perspective: Gold is a commodity that has functioned throughout history as a "store of value", a refuge from depreciating money of all types. For more than 5,000 years, citizens have learned and the history of the value of gold has proven(sometimes the hard way) .
Remember This: there has never been a paper currency that has not been depreciated to the point of being virtually worthless; only gold has remained a viable store of value. And this will most likely be the future of golds value.
The beginning: The first step to converting the dollar into fiat currency was the creation of the federal reserve system in 1914. The FED was given absolute power to issue notes and create credit for its own profit without accounting to congress or the general accounting office. The FED was patterned after European central banks. Specifically, the German Reichsbank.
Until 1934, the gold standard acted as a restraint on the FED, preventing serious monetary expansion. But in 1934 Roosevelt confiscated U.S gold coins. That left the citizens holding $20 dollars in paper money for every once of gold. He then raised the gold value by 67 % to $35 an ounce, enabling the government to receive the profit that resulted. With domestic convertibility no longer a restraint, only international conversion prevented unlimited monetary expansion. In 1971 however, Nixon removed this final barrier when he "closed the gold window" as part of his anti-inflation program. The resulting currency depreciation is now part of our, unfortunate financial history.
The FED functions today as a governmental body that issues fiat money and influences the level of consumer credit through the manipulation of bank reserves. The FED, therefore, creates "elasticity" which allows our government the flexibility of printing worthless pieces of paper to cover its own debt obligations. In the absence of any restraint, our government continues to depreciate the dollar. We need to get gold back into the monetary system. But our current FED chairman, Paul Volcker, is strongly opposed to any monetary role for gold. We strongly disagree with Mr. Volcker and think that John Exter ( Formally of New York City and Bank and the Federal Reserve System) has a much better grasp of the current situation. See if you don't agree with Exter: (remember this section of the history of the value of gold was written in 1980)
"Paper money expansionism will not work, but even highly sophisticated monetary authorities go on for years accepting evermore worthless paper instead of demanding gold. But the time has come at last when people, including even foreign central bankers, no longer want to hold more and more and evermore worthless currencies. Confidence in a currency can erode rapidly once it becomes inconvertible, for only convertibility enables it to maintain its store of value function indefinitely. Without convertibility, history shows that a currency will ultimately become worthless and disappear."(this is the future and the value of gold is rising)This discussion of the FED and the government's attempt to expand money and credit leads us logically to the discussion of inflation. Inflation is a monetary phenomenon. Prices rise whenever th quantity of money is increased rapidly in ralation to real productive output. Between 1971 and 1976, the output of goods and services rose by 18%. But during the same period there was a 78% increase in the money supply and a 50% increase in consumer prices. This article is part one of a series about the history regarding the value of gold. This is one of the best for factual historic events and content.
The real course of inflation is printing too much money, and the only source of printing that money is the Federal Government. They have formed a monopoly -- the Federal Reserve Board -- and they alone have the power to manipulate, govern and otherwise determine the total supply of checkbook dollars issued by the banking system. Therefore, the government has complete control over the amount of money in circulation, and because of its desire to benefit certain interest groups, the FED keeps pumping new money into the economy. More articles about the history of golds value and gold mining visit Gold Mining California. The future of golds value could already be history.
Inflation affects everybody, but its negative effects do not fall on people in proportion to their income or wealth, or in any other way that could be considered equitable. Inflation hurts creditors (those who loan money) while it benefits debtors (people who've borrowed money). It benefits debtors because they're able to repay creditors in dollars that are worth less than the dollars they originally borrowed. The biggest creditors are people on fixed incomes, those on pensions, social security and the like. In a sense, they loaned money to their employers, unions or government at the time they paid into the programs, hoping, of course, to be paid back with profit from interest that would accumulate up to their retirement. But inflation has destroyed those hopes. For example, at 7% inflation, a retired person would see his $500-a month payment decline in purchasing power to $250 in just ten years... at 10% inflation only $175 in purchasing power would remain after ten years. While again the history of the value of gold holds strong despite and maybe because of the follies of the federal government.
Debtors benefit from inflation, and the government is the biggest single debtor. Currently, the deficit is running at more than 1 billion dollars a week and the accumulation debt siphons off an additional $1 billion in interest payment. In addition to the benefit of paying off its debt in "cheaper" dollars, the government benefits from inflation due to the graduated income tax which constantly pushes people into higher tax brackets even though there has been no real increase in their income. (The whole time this is happening the history of the value of gold has shown golds price to rise as the dollar dwindles. One of the reasons being that people know gold is something that will withstand the hardships of the paper moneys slow demise)
The government will continue to increase the money supply so long as the public continues to demand: more jobs, increased welfare payments, a national health plan, farm subsidies and other "free" services and programs. We have a situation in which more and more new programs are created, and the old programs continue to expand beyond all reason. The problem is that the cost of these programs exceeds current Federal tax receipts, and thus Congress asks the Treasury to issue debt instruments so they don't have to raise taxes. The debt instruments are then floated to the public in the form of Treasury bonds and bills, which are then bought by private citizens, institutions, foreign governments and OPEC countries. If there remain unpurchased bonds, the FED will print new money in that amount.
It is with the above process that the government creates inflation. They do it because it is politically expedient to do so. Congress can win the support of special interests by funding their programs without having to increase taxes.
To date there has been no major change either in Congress or the vast bureaucracy which suggests an end to irresponsible government spending, so it appears that inflation will continue to be a problem for quite some time. And as has always been in Case throughout history, citizens will continue to employ gold to protect their assets from inflation and monetary turmoil. Almost every monetary crisis, military conflict, or OPEC price increase triggers new price rises in gold, as the demand for a reliable, portable store of value grows.
When compared to basic goods and services, gold has maintained its value. If one compares the price of gold with actual of clothing, rent, food, etc., during various periods in the 20th century, one discovers that ... in relation to gold . . . prices of these items have remained virtually constant. What has actually happened is the the dollar has decreased in value, thus it requires more dollars (higher prices) to buy the same amount of goods and services.
When the depreciation of any currency reaches the point where the citizens begin to reject it, the government tries to force acceptance through the use of legal tender laws. But the only "law" that ends up working is Gresham's Law; bad money drives out good (good money hoarded -- Ed.) What's meant by this is that, when real money and legal tender circulate in the economy side by side, people will always choose the greater value, in this case gold and silver.
Why do people always choose "real money"? Gold is more rare than paper money and cannot be generated as can paper. Gold is more durable than paper. It's divisible into various and convenient size units and is therefore extremely easy to exchange. Gold also has a relatively high unit value; a half-million dollars will fit easily into a standard safety deposit box. For these very good reasons, gold has evolved into a universally desirable medium of exchange that inspires confidence throughout the world because it is beyond any government's whim. Gold provides citizens with monetary independence, with freedom from the destructive effects of government caused currency debasement.
Fundamentals Revisited
By Barry Forst
Since recent action in the gold market has been quite volatile, I think it's important to refocus on the long term fundamentals. Many times, investors are sidetracked by dramatic price swings, reacting emotionally with either greed or fear. During the current decline we recommend that clients add to their hedge positions. The bull market is still intact and that the "fundamentals for gold" are stronger than ever.
Perspective: Gold is a commodity that has functioned throughout history as a "store of value", a refuge from depreciating money of all types. For more than 5,000 years, citizens have learned and the history of the value of gold has proven(sometimes the hard way) .
Remember This: there has never been a paper currency that has not been depreciated to the point of being virtually worthless; only gold has remained a viable store of value. And this will most likely be the future of golds value.
The beginning: The first step to converting the dollar into fiat currency was the creation of the federal reserve system in 1914. The FED was given absolute power to issue notes and create credit for its own profit without accounting to congress or the general accounting office. The FED was patterned after European central banks. Specifically, the German Reichsbank.
Until 1934, the gold standard acted as a restraint on the FED, preventing serious monetary expansion. But in 1934 Roosevelt confiscated U.S gold coins. That left the citizens holding $20 dollars in paper money for every once of gold. He then raised the gold value by 67 % to $35 an ounce, enabling the government to receive the profit that resulted. With domestic convertibility no longer a restraint, only international conversion prevented unlimited monetary expansion. In 1971 however, Nixon removed this final barrier when he "closed the gold window" as part of his anti-inflation program. The resulting currency depreciation is now part of our, unfortunate financial history.
The FED functions today as a governmental body that issues fiat money and influences the level of consumer credit through the manipulation of bank reserves. The FED, therefore, creates "elasticity" which allows our government the flexibility of printing worthless pieces of paper to cover its own debt obligations. In the absence of any restraint, our government continues to depreciate the dollar. We need to get gold back into the monetary system. But our current FED chairman, Paul Volcker, is strongly opposed to any monetary role for gold. We strongly disagree with Mr. Volcker and think that John Exter ( Formally of New York City and Bank and the Federal Reserve System) has a much better grasp of the current situation. See if you don't agree with Exter: (remember this section of the history of the value of gold was written in 1980)
"Paper money expansionism will not work, but even highly sophisticated monetary authorities go on for years accepting evermore worthless paper instead of demanding gold. But the time has come at last when people, including even foreign central bankers, no longer want to hold more and more and evermore worthless currencies. Confidence in a currency can erode rapidly once it becomes inconvertible, for only convertibility enables it to maintain its store of value function indefinitely. Without convertibility, history shows that a currency will ultimately become worthless and disappear."(this is the future and the value of gold is rising)This discussion of the FED and the government's attempt to expand money and credit leads us logically to the discussion of inflation. Inflation is a monetary phenomenon. Prices rise whenever th quantity of money is increased rapidly in ralation to real productive output. Between 1971 and 1976, the output of goods and services rose by 18%. But during the same period there was a 78% increase in the money supply and a 50% increase in consumer prices. This article is part one of a series about the history regarding the value of gold. This is one of the best for factual historic events and content.
The real course of inflation is printing too much money, and the only source of printing that money is the Federal Government. They have formed a monopoly -- the Federal Reserve Board -- and they alone have the power to manipulate, govern and otherwise determine the total supply of checkbook dollars issued by the banking system. Therefore, the government has complete control over the amount of money in circulation, and because of its desire to benefit certain interest groups, the FED keeps pumping new money into the economy. More articles about the history of golds value and gold mining visit Gold Mining California. The future of golds value could already be history.
Inflation affects everybody, but its negative effects do not fall on people in proportion to their income or wealth, or in any other way that could be considered equitable. Inflation hurts creditors (those who loan money) while it benefits debtors (people who've borrowed money). It benefits debtors because they're able to repay creditors in dollars that are worth less than the dollars they originally borrowed. The biggest creditors are people on fixed incomes, those on pensions, social security and the like. In a sense, they loaned money to their employers, unions or government at the time they paid into the programs, hoping, of course, to be paid back with profit from interest that would accumulate up to their retirement. But inflation has destroyed those hopes. For example, at 7% inflation, a retired person would see his $500-a month payment decline in purchasing power to $250 in just ten years... at 10% inflation only $175 in purchasing power would remain after ten years. While again the history of the value of gold holds strong despite and maybe because of the follies of the federal government.
Debtors benefit from inflation, and the government is the biggest single debtor. Currently, the deficit is running at more than 1 billion dollars a week and the accumulation debt siphons off an additional $1 billion in interest payment. In addition to the benefit of paying off its debt in "cheaper" dollars, the government benefits from inflation due to the graduated income tax which constantly pushes people into higher tax brackets even though there has been no real increase in their income. (The whole time this is happening the history of the value of gold has shown golds price to rise as the dollar dwindles. One of the reasons being that people know gold is something that will withstand the hardships of the paper moneys slow demise)
The government will continue to increase the money supply so long as the public continues to demand: more jobs, increased welfare payments, a national health plan, farm subsidies and other "free" services and programs. We have a situation in which more and more new programs are created, and the old programs continue to expand beyond all reason. The problem is that the cost of these programs exceeds current Federal tax receipts, and thus Congress asks the Treasury to issue debt instruments so they don't have to raise taxes. The debt instruments are then floated to the public in the form of Treasury bonds and bills, which are then bought by private citizens, institutions, foreign governments and OPEC countries. If there remain unpurchased bonds, the FED will print new money in that amount.
It is with the above process that the government creates inflation. They do it because it is politically expedient to do so. Congress can win the support of special interests by funding their programs without having to increase taxes.
To date there has been no major change either in Congress or the vast bureaucracy which suggests an end to irresponsible government spending, so it appears that inflation will continue to be a problem for quite some time. And as has always been in Case throughout history, citizens will continue to employ gold to protect their assets from inflation and monetary turmoil. Almost every monetary crisis, military conflict, or OPEC price increase triggers new price rises in gold, as the demand for a reliable, portable store of value grows.
When compared to basic goods and services, gold has maintained its value. If one compares the price of gold with actual of clothing, rent, food, etc., during various periods in the 20th century, one discovers that ... in relation to gold . . . prices of these items have remained virtually constant. What has actually happened is the the dollar has decreased in value, thus it requires more dollars (higher prices) to buy the same amount of goods and services.
When the depreciation of any currency reaches the point where the citizens begin to reject it, the government tries to force acceptance through the use of legal tender laws. But the only "law" that ends up working is Gresham's Law; bad money drives out good (good money hoarded -- Ed.) What's meant by this is that, when real money and legal tender circulate in the economy side by side, people will always choose the greater value, in this case gold and silver.
Why do people always choose "real money"? Gold is more rare than paper money and cannot be generated as can paper. Gold is more durable than paper. It's divisible into various and convenient size units and is therefore extremely easy to exchange. Gold also has a relatively high unit value; a half-million dollars will fit easily into a standard safety deposit box. For these very good reasons, gold has evolved into a universally desirable medium of exchange that inspires confidence throughout the world because it is beyond any government's whim. Gold provides citizens with monetary independence, with freedom from the destructive effects of government caused currency debasement.
Path of Gold
Posted by : : GOLD AND JEWERLY : : on 2:51 PM
Portsmouth Square, San Francisco: 1851 daguerrotype. Once the gold was recovered, there were many paths the gold itself took. First, much of the gold was used locally to purchase food, supplies and lodging for the miners. It also went towards entertainment, which consisted of anything from a traveling theater to alcohol and gambling to prostitutes.These transactions often took place using the recently recovered gold, carefully weighed out. These merchants and vendors, in turn, used the gold to purchase supplies from ship captains or packers bringing goods to California. The gold then left California aboard ships or mules to go to the makers of the goods from around the world. A second path was the Argonauts themselves who, having personally acquired a sufficient amount, sent the gold home, or returned home taking with them their hard-earned "diggings." For example, one estimate is that some US$80 million worth of California gold was sent to France by French prospectors and merchants. As the Gold Rush progressed, local banks and gold dealers issued "banknotes" or "drafts"—locally accepted paper currency—in exchange for gold, and private mints created private gold coins. With the building of the San Francisco Mint in 1854, gold bullion was turned into official United States gold coins for circulation. The gold was also later sent by California banks to U.S. national banks in exchange for national paper currency to be used in the booming California economy.
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Sridevi with Designer Diamond Set
Posted by : : GOLD AND JEWERLY : : on 7:49 AM
Check out this beautiful designer Diamond set with necklace and earrings.South Indian actress Sridevi looks gorgeous with this set at her wedding reception.
Genelia with Diamonds and Emerald Necklace Set
Posted by : : GOLD AND JEWERLY : : on 7:47 AM
Check out Genelia with Diamonds and Emerald designer necklace set with matching long earrings at South Indian Film Fare Awards 2009.Nikesha Patel with Indian Gold Bridal Jewellery
Posted by : : GOLD AND JEWERLY : : on 7:44 AM
South Indian actress Nikesha Patel with 22k Indian gold bridal jewellery .
Nikesha Patel displaying designer long gold necklaces,armlet,vaddanam (gold waist belt) and kada bangle.
Rambha with Gold Bridal Jewellery
Posted by : : GOLD AND JEWERLY : : on 7:43 AM
South Indian actress Rambha with traditional gold bridal jewellery including gold necklaces,haram,designer armlet and hair accessories.Bridal Fashion – Jewelry ( France)
Posted by : : GOLD AND JEWERLY : : on 7:36 AM
Bridal jewelry is now becoming part of the modern day wedding celebration. How would you think bridesmaid would appear having to walk down the aisle without the sparkling pair of earrings or an elegant necklace to flaunt along her nicely couture gown. Check out below some fabulous Bridal Fashion – Jewelry.
