Sunday, May 22, 2011

Before we get into why they matters, and actually influence gold prices globally, here are seven interesting facts about gold.

1. There are only 165,000 metric tonnes of gold in existence above ground.

Gold is rare. If every single ounce of this gold were placed next to each other, the resulting cube of pure gold would only measure 20 metres in each direction. This includes all the gold in museums, all the gold in central bank vaults, all the gold jewelry in the world…and every other scrap of gold in existence.

2. The world’s first international gold currency was created in 564 BC.

King Croesus is credited with the issuing the first true gold coins Their uniform gold content allowed ‘Croesids’ to become widely recognised and traded. That said, they were made of electrum, a naturally occurring pale yellow alloy of gold and silver.

But the point here not their purity, but the fact that he took gold and turned it into money. And it has been money ever since.

5 Reasons Why Gold Will Rise

1. Economy

How many times have you heard the phrase “not since the Great Depression” applied to today's economic climate?
It's fitting, given that the United States has endured the deepest and longest economic correction since the 1930s.
The U.S. manufacturing base has been shipped overseas. The few jobs being created are in the service industry or government sector.
The official unemployment rate hovers near 10%, and 1 out of every 8 Americans is on food stamps. Volatility plagues the stock market.
The 2008 economic implosion gutted real-estate values, sent foreclosures skyrocketing and required a nearly $1 trillion bailout of the
“too big to fail” investment banks. Fannie Mae and Freddie Mac are under U.S. conservatorship, along with General Motors.
The U.S. government has fallen into a mammoth gulch of multi-trillion-dollar deficits and unfunded liabilities, and it's not going to
emerge from that hole without higher taxes and painful austerity measures. Meanwhile, debt time bombs already are exploding in some of
our biggest cities and states.

The Coming Depression: Barney Frank: U.S. Government Default Likely

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Buried Treasure......Where To Look

Buried treasure isn't just a pipe dream of treasure hunters........
People bury things every day and forget about them or die. Here are some of the places to start looking: An example of buried treasure?
As a young man I buried 100 ounces of silver under my parents house. There was a crawl space that could be accessed from the basement.
I pulled the plastic back that covered the dirt, and roughly five feet out from the west and south walls dug a hole.
I put my plastic container with it's ten ten-ounce bars of silver into it, covered it up and left it there for years.
Did I tell anyone where it was, or even that I had buried it? Of course not! The point of hiding things is so nobody knows where they are, right? By the way,
I have long since dug the silver up and sold it, and keep my money in the bank now instead of the ground.

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However, what if I had died while I still had this buried treasure under my parents house?
My guess is that it would be at least a couple hundred years before anyone found the silver. there was no reason for anyone to be digging under that part of the house.

There was also no way for anyone to know they should be looking. The obvious question arises: How many people have died and how many die every year without ever telling a soul about their hidden money or buried treasures? Many. The treasury department estimates that billions in currency alone has "disappeared" in recent years. Where is it all? Here are some of the places to start looking. Places To Find Buried Treasure - Under rocks in highway rest areas. There are many reports of criminals and drug dealers to burying large amounts of cash under rocks in the woods at highway rest areas. Hide the evidence, get sent to jail, and what if he never comes out? Treasure hunting time! - Under the edge of cement slabs. Look for sagging or cracked cement where the ground might have been loosened up. - In old pump houses. People used to hide things in the pump houses, in the ground underneath, and even inside of pipes that connect to nothing. - Caches buried near signs. The point was to have a way to remember where the treasure was buried. - In hotel rooms. Hotel owners report that cheating spouses on business trips hide their rings before going out for the evening, and then forget them. Look under mattresses, on top of light fixtures, and behind pictures. - In rivers, especially next to bridges. Criminals and kids throw things off bridges to hide them quickly. I have seen several bicycles laying in the bottoms of rivers, and I hear that guns are a common find. - Inside old books. This has been a common place to hide money for years. - Inside walls, usually by outlet covers. An outlet cover usually has just one screw to remove, and you might se something by shining a flashlight inside the wall. - Buried under rocks in backyards. The rock is for remembering where the buried treasure is, and backyards are more common because the person is less likely to be seen burying something here. Have you ever hidden anything? Do you have anything hidden now? If you wanted to hide money or other valuables, where would you put it? You can understand how things get buried and forgotten. Now start to think like the person who hides things, and you're ready to search for buried treasure. Article written by Steve Gillman - Posted at www.articlesfactory.com

6 Good reasons to own gold coins or gold bars

1. Gold is a real, physical asset that you own.
We all like to own assets. Some, like cars, depreciate as soon as we buy them. Others, like property and land generally rise in price although, as we all know, there are downturns in property values from time to time.

But the attraction of any physical asset is that it is real and in your ownership. It is yours and you can touch it.

It’s the same with gold. When you buy a gold coin it is yours and in your possession. It is a physical asset. This physical ownership of gold becomes particularly important in times of dramatic economic reversals.

As an asset, gold is independent of countries, governments, currencies or credit worthiness.

Guide To Successful Gold Hunting / Prospecting Tips

Guide to successful gold hunting, some tips to help gold prospectors find more gold in the field. Use these commonsense tips and guidance notes to deliver for you, more results when outprospecting. Preparation is the key. If you prepare well and keep a positive mental attitude, you are much more likely to become much more successful whilst gold hunting and/or prospecting for gold. Please read on to find out more.

How To Dig For Fossils and Gemstones

How to Dig for Fossils and Gemstones

from wikiHow - The How to Manual That You Can Edit

Digging for your own fossils, gemstones, or other artifacts is fun, educational, and good exercise.

Steps

Know where to go to dig for treasure. The United States, for example, is rich in natural resources, but you need to find a place where its permissible to dig.
Contact your area's department of parks, outdoors, nature or recreation. (It should be called something like this. Try a Google search.) They may be able to point you to resources.
Get a permit to dig, but understand you will need to pay for it. In other cases, you may need to pay for what you take (charge is usually by the pound, but it's much cheaper than buying the same stones in a shop!).