Seven Interesting Facts about Golds

Throughout history, Gold and Silver hold their value substantially. Even many investors are now considering investing in Gold coin and Silver coin as a safe investment. In this article, we are going to share 7 facts about gold. So let’s get started…

1. In the World’s Oceans, Ten Billion Tonnes of Gold Dissolved

You would be amazed to hear that, there are almost 10 billion gold is dissolving in seawater. It exists in small but visible quantities in normal seawater. There is estimation that, if you efficiently refine it out, you could get 20 tonnes of gold substance from a cube of seawater. The seawater holds more gold than humans ever have mines during the history of gold mining. But recovering gold from seawater is more expensive than traditional mining.

2. Elvis Presley Has Three Gold Plated Cars

Famous singer and performer Elvis Presley has three gold plated cars. According to the technical facts, only fenders, hubcaps, and other bright colored chrome plated vehicles were gilded. Elvis Presley was very fashionable. Having three gold plated cars are one of the remarks of Elvis Presley.

3. Pure Gold is soft at Room Temperature

Gold can be shaped at any form. It is 99.99% pure and can easily be bent by bare hand. That’s the reason; a large amount of pure gold is shaped into gold bars and ingots so it can be transported easily. Also, there are some large amounts of gold is shaped into gold coins. You can look at the store like LPM.HK to check the variety of coins that feature pure gold.

4. World’s Largest Gold Coin is 80cms Wide

The Perth Mint is holding the current record of creating the largest gold coin. It is 80cms wide and 12cms deep. The weight of this coin is one tonne. This one-tonne gold coin is a masterpiece and features a red kangaroo surrounded by amazing rays of sunlight. It is a 99.99% pure gold coin and represents the summit of innovation and imagination of the designers.

5. Heavier Than Appears in the Movies

Imagine the movies where you’re favorite star casually picking up a four stone bar and ran off like a sprinter. But in reality, gold is much heavier than that. A 400 troy ounce or 2 stone gold bar weights 12.4 kilos which is 21-39 cm long and only 2.5-4.5 cm thick. In movies, props are twice that size which is unrealistic.

6. Gold Medals Awarded at the Olympics are not Pure Gold

Since World War 1, gold medals awarded at the Olympics are not actually gold. At the last Olympic Games, the gold medals are made of .925 grade silver plated with a mere 6 grams of gold. The silver medals are actually .925 grade solid silver, and the bronze medal featured mostly copper. The last pure gold medal was awarded at 1912 Olympic Games.

7. Huge Quantity of Gold Available in Outer Space

According to the statement of many Planetologist, there are a huge number of gold available in outer planets like Mercury, Venus, and Mars. During the supernova explosions, gold was crashing into space including Earth. But mining gold in the space is the real challenge. If it’s possible to mine gold, the collector’s value would be considerable because there will be a huge cost of mining gold.

Details about 1 Oz Great Britain Two Dragons 999 Silver Coin

In 2018, UK Royal Mint has released a spectacular 1 Oz Two Dragons 999 Silver bullion Coin. This silver coin is a must-have purchase for every coin collectors and investors. The demand for this unique silver coin is already on the rise. So our recommendation is that you should grab it before it gets sold out. So let’s talk about some interesting facts about this coin.

Design of the Two Dragon Silver Bullion Coin

In 2018, this silver bullion coin has released limited to only 50000 pieces worldwide. 1oz Two Dragons silver bullion coin includes .999 pure silver. As you know Royal Mint is recognized for its reputation releasing the unique design with the best quality. This coin is not an exception. The design, quality, overall craftsmanship is maintained very carefully. The reverse design of this coin celebrates Fifty years of production of Royal Mint’s present base in Wales. It also indicates the expansion of the bullion coin into China. The design of the Two Dragon is influenced by the Yin and Yang. With a fiery Welsh Dragon, a Chinese traditional dragon is incorporated.

Meet the dragons | Design

The Welsh dragon is an impressive character. This fiery dragon is once taken from the ancient battlefields. Welsh dragon is one of the mythical beasts that are connected with the history of the sovereignty of this day. This creature can also be found on the Wales Red Dragon bullion coin which is one of the best-selling coins from Queen’s beast series.

Now, let’s talk about other Dragon which is represented the Chinese tradition. These Chinese dragons are generally correlated with the Lunar Series and Chinese Zodiac coins. According to the Chinese ancient history and mythology, dragons symbolize the power and strength. It can also control the elements. Incorporating the two remarkable creatures, resulting in an impressive bullion coin. Another side of 2018 1oz Two Dragons Silver coin includes the Jody Clark portrait of Queen Elizabeth II with a new guilloche background.

Main Features

1. A UK Royal Mint’s Production.

2. Includes 1 Oz of .999 pure silver.

3. The front side features the portrait of HM Queen Elizabeth II with a guilloche background design.

4. Reverse side features the incorporation of the Chinese dragon and the Welsh dragon in a formation of Yin/Yang.

5. Limited to 50000 pieces worldwide.

6. CGT Exempt and VAT Free.

7. UK Government ensures the purity and weight.

8. Minted to silver bullion standard.

 

Again, it’s out highly recommendation to buy this silver bullion coin. There are lots of physical and online store like LPM are offering this limited edition coin. Grab it before sold out. Thanks!

 

The Queen’s Beasts | Gold, Silver and Platinum Bullion Coins

Royal Mint is one of the oldest mintings organizations who is leading this industry almost over a thousand years. They are also one of the key stakeholders in the bullion market. They provide the high-quality bullion coins with high security for their customers that someone expect from a leading mint company. They also offer lots of varieties so you can choose your favorite bullion coin. From their large number of collections, the Queen’s Beasts bullion coins are the latest addition. Not only it’s the perfect investment but it also includes 2 Oz silver coin for the first time in the United Kingdom bullion coin history.

At the time of the coronation of her Majesty the Queen, 10 heraldic beasts take a guard. In 1953, famous designer James Woodford RA engraved the Queen’s Beasts during her coronation ceremony held in Westminster Abbey. It was 6 feet tall and the beasts represent the different royal ancestry brought together at the coronation. One of each proud beast is used as a heraldic symbol by generations before the Queen.

Now, the Queen’s Beasts are located at the Canadian Museum of History in Quebec. Meanwhile, the Portland Stone replicas look after at Kew gardens in the UK. But these ancient, mythical beasts like lions, bull, yale, dragon, falcon, unicorn, horse and greyhound have gone on to motivate the new artist. That’s a good thing, right!

The Queen’s Beast, a Royal mint bullion portfolio continues to produce with a new line of Gold and Silver coins. The coins portray one of the Queen’s Beasts, designed by the famous Royal Mint designer Jody Clark. He designed the latest definite collective coins depict of the Queen to show on the UK coins. The Lion of England will be his first coin to be delivered.

The Lion

The Royal arms of the Lion are the arms of the monarch. It is the ancient device that symbolizes their sovereignty. The arms symbolize Queen Elizabeth II and the UK. Two symbolic beasts represent the support of quartered shield named the Scottish unicorn and the English Lion. The golden-crowned Lion of England has been one of the supporters of Royal arms. Since the twelfth century, the symbol of the lion is shown on the coat of arms of every British territory.

If you are impressed enough with this silver coin, then next thing you have to buy from an authentic store. There are many online reliable stores like LPM who can give you these kinds of coin with its original packaging. So grab it as early as possible.

When Is the Best Time to Buy Gold?

Timing is everything in gold and silver investing. To help you buy and invest wisely, we’re sharing the best time to buy gold in our latest post.

So you want to strengthen your portfolio, but want to minimize risk.

Buying gold is a good investment, as its popularity in times of uncertainty demonstrates. But like many investments, it can difficult to know just when to climb on the bandwagon.

That’s why we’ve put together all the angles you should consider when you’re deciding on the best time to buy gold. Read on to find out.

Why Buy Gold?

Before we get into the best time to buy gold, it’s a good idea to look at why.

The idea behind a commodity like gold is that it holds its value over long periods. Compared to the wild fluctuations that currencies can undergo, gold remains much more steady in the big picture. That’s why gold has played such a vital role throughout history.

Gold isn’t always more valuable than standard currency – fluctuations can mean that currencies gain more value than gold. But gold is less a victim of the boom/bust economic cycle.

As a physical object, gold is also less susceptible to the risks other commodities face. Gold is much less likely to experience supply droughts like oil. It also doesn’t require a constant investment like livestock or other trade goods. And it’s not likely to be destroyed by an act of God. That makes it a great way to protect your portfolio against risk.

It also doesn’t require a constant investment like livestock or other trade goods.(Buy Gold Coin) And it’s not likely to be destroyed by an act of God. That makes it a great way to protect your portfolio against risk.

When’s the Best Time to Buy Gold?

So with the why established, it’s time to look at when.

Choosing when to invest in gold isn’t simple, and it won’t always be a sure thing. Here are a few factors to consider:

Supply and Demand

It’s an absolute basic of economics, and it applies just as strongly here as elsewhere. By keeping your eye on the market, you can pinpoint when gold’s supply outweighs demand. Then you can invest with the expectation of greater demands later when demand is high.

You’ll want to look to banks for the big picture here. Large banks will ultimately decide the overall supply and demand situation of gold.

Keep an Eye on Trends

Of course, the smart way to use supply and demand is to keep an eye on trends. With a good analytical eye, you can see gold beginning to trend in one direction or the other and get on board appropriately, whether it’s buying or selling.

Part of the trick here is to not confuse a dip or uptick with a trend. Don’t make knee-jerk decisions or you risk overspending. You’ll want to keep an eye on the longer term and inform your decision to buy with data that supports your conclusion.

The Local and Global Economy

The economy at large can have dramatic effects on gold prices. Particularly when a financial bubble pops, businesses like to invest some of their portfolios into gold.(LPM) As we mentioned, gold’s stability over the long term makes it one of the most reliable goods in human history.

Watch out for these periods and try to make the most of them. Once you’re comfortable with the cycle, you can even pre-empt them. By doing this, you can be in a position to make the maximum possible returns from your investment.

The smart money is on uncertainty when it comes to gold. Doom-and-gloom headlines about the economy and stocks drive gold purchases. Investors see gold as a long-term investment against future shocks. If you want to shore up your portfolio in the same way, then look out for these signs.

The Time of the Year

That’s right, gold is seasonal.

Many investors don’t realize this, so you can be a step ahead by keeping it in mind. It’s been legal to buy gold in the US since 1975. Since that time, March has held steady as the weakest month for gold.

That’s great news for buyers! Buyers picking up gold in March can look forward to huge returns on their investment at a later date. Even at its historically weakest periods, return on gold purchased in March has still been positive.

Your Own Needs

The market shouldn’t be the only factor in your decision to buy gold. A savvy businessman will also be looking at their own portfolio to decide if buying gold is right for them at the current moment.

Like any investment, buying gold comes with risk. If that’s not something you can risk right now, then it’s obviously not the right time to buy gold.

But if your portfolio is doing well, you can put that success into gold. Think of it as safely storing your success away and using it to reach more gains in the future.

How Much Do You Own Already?

Looking at your portfolio is a good way to gauge whether to invest further in gold. If you don’t currently own any gold, diversifying your portfolio could shore you up against sudden shocks in the market. Even if you’re buying high, it might be worth it for that extra security it offers.

Conversely, if you already have 10 percent or more in gold, you might want to put more emphasis on the state of the markets and the economy.

Keeping this kind of flexible approach gives you the ability to adapt and make the most of every situation.

Staying Informed

Finding the best time to buy gold ultimately comes down to staying informed. As gold is constantly on the move, you need to stay equipped with the kind of knowledge that will help you find the best time to buy.

Follow the news – both the regular and financial news. Look for signs the economy is shifting. Financial news will also give you specific news about the actions of gold.

Market alerts and apps can help you receive information quickly and make important decisions. You should also pull data from previous years to analyze trends and gain an idea of likely future scenarios.

Finding the Best Time to Buy Gold

You can tell by now that purchasing gold isn’t always an exact science. But by following this advice and keeping all of the various factors in mind, you can soon find the right time to buy for you.

Be sure to follow our blog for more precious metals news and advice, or contact us to find out what we can do for you!

( Source: LPM Blog )

Buying Gold in Asia: Local Laws, Travel Restrictions and Best Places to Buy

Where is the best place in Asia to buy gold, what should I be buying and how much can or should I buy to avoid my investment being confiscated by customs? These are all the questions you’re likely asking; we’re here to answer them.

Whatever reason you have for wanting to (Buy Gold Coins), rare metals are likely the best investment you can make.

Different forms of Gold, how do I choose?

There is an abundance of types of gold to choose from when considering your investment, so which is right for you?

Gold Coins – If you’re looking at starting out with an investment in gold, or for those looking for the solace of a tangible investment, gold coins are a good place to start. Gold coins can be procured from a variety of coin dealers, banks, online platforms and government mints. The markups on these coins vary, but the premiums are a small price to pay for the portability and liquidity of the bullion coins. Popular one-ounce coins include the Royal Mint Britannia, Australian Kangaroo, Austrian Philharmonic, etc. Collectible coins or numismatic coins are priced according to their collection value and depending on how rare they are, this can be significantly higher than the spot gold price.Gold coins from Sovereign mints are issued as legal tender. This has several advantages. You are purchasing gold which has a guaranteed weight and purity from the issuing government. Having a lower face value than the melt value can also have some tax advantages (more about this later on). It is considered a far more punishable offense if someone tries to fake a legal tender coin as opposed to a bar from a private mint, thus discouraging imposters. Gold coins are usually sold in very tradable weights and are the most liquid form of physical gold. Finding a buyer for a gold coin is going to be easier and faster than finding someone to buy a bar. Verifying the authenticity of a coin is easier for the person purchasing it from you as well.

Gold Bars – Gold bars or bullion bars are sold per kilo, ounce and gram. The larger the bar, the lower the premium but less liquid. Small bars are more labor intensive and thus carry a higher premium. Most bars are produced by private mints, as opposed to government mints for coins and do not have a legal tender face value. The premium for bars is usually lower than for gold coins.

Gold Certificates – If you’re worried about theft or storage but still inevitably drawn to investment in physical gold, you could consider gold certificates. Gold certificates allow investors to own gold without taking physical delivery. The physical gold is held by the institution who issues the certificates. While more convenient to purchase or hold, you still have to pay for fees related to storage and insurance. You also run the risk of taking on the issuing institution’s third-party liabilities.

Looking for more information on the type of products available? LPM’s wide range will give you up to date information about the variety of gold or silver available to you, and highlight its value and best pricing as well.

What are The Laws for traveling with Precious Metals on your person in Asia?

Unless you’re gung ho and intend on flying with a money belt and/or concealed compartments in your bag, you’re likely wondering what the restrictions are when traveling with gold or silver. How much are you allowed to carry in total value and is it considered legal currency where you’re traveling to?

The rules governing the personal transportation of precious metals across international borders are by no means consistent. The rules vary by country, for example, presently in the US, it is not illegal – except for special embargoes for countries like Sudan or Iran – to fly or travel with any quantity of precious metals on your person. Large sums of cash must nearly always be declared at international borders, as an example, in China, anything over $5000.00 USD has to be declared.

The two best countries for buying gold in Asia, in our opinion when considering all the research and comparing pros and cons, are Singapore and Hong Kong:

Singapore – Only precious metals in the form of an ingot, wafer, bar or coin which meet certain criteria can qualify as Investment Precious Metals (IPM) in Singapore. Precious metal coins and the specific criteria that qualify as IPM are prescribed in the GST Act, for all the details you can refer to the IRAS e-Tax Guide. You will have to fill out an application for an exemption permit which you then have to declare at the red channel checkpoints upon arrival in Singapore. If you’re planning on bringing any cash to Singapore, you have to declare anything that exceeds SGD 30,000 (roughly $21,468.88 USD) or the equivalent thereof. The premiums in Singapore are reasonable but not as low as Hong Kong.

Hong Kong – Dealers have some of the lowest bid/ask spreads on retail precious metals and it’s also an excellent place for storage options. You can buy investment grade gold coins in Hong Kong for just a few dollars over spot and can often sell items for more than spot. There are no taxes on either buying or the selling of gold and silver coins/bars for personal use in Hong Kong as well as no import duty. Hong Kong is a major global hub for precious metal sales and storage.

In contrast to HK and Singapore, China allows only 15 banks to import gold, including three foreign lenders. Any precious metal under 50 grams for personal use i.e. jewelry can be brought into China without having to be declared at customs, anything above that needs to be declared.

Legal Tender Face Value

Bullion coins from Sovereign mints will have a face value, e.g., The Royal Mint Britannia 1oz Gold coin is 100 Pounds. Generally, the face value of legal tender coins is an arbitrary figure, but there is an argument that these can be claimed on their face value as opposed to their value in gold. This can have some tax/customs clearance advantages, but this would fall into a legal gray area.

Generally Speaking:

The general limit (at the time of writing this) is 10,000.00 USD/EUR/GBP. It is recommended that you don’t carry more than 10k in market value, or whatever the local declaration equivalent is. Large sums of cash or valuable items are likely to draw suspicion and inspection which can be easily avoided. If you have to travel with an amount more than this, declare it, this could save you a lot of hassles down the road.

There are no duties and taxes when you carry your own personal coins and bars across (some) international borders, as long as they are YOUR personal possessions like cash in your wallet, clothes, laptops, etc. Jewelry also doesn’t have to be declared if you wear it as your own, but you can’t exactly don 10kg of heavy gold chains like Mr. T in the A-Team, the metal detectors would go berzerk. Problems can arise if your items are deemed to be “imported goods” or anything of a commercial nature, and if this happens, you will fall under a different set of rules. For example, if you haven’t paid VAT on the goods somewhere else and flew into those countries that charge VAT i.e. most of the Eurozone, a local VAT charge might be applied.

If you intend to carry coins or bars personally, it is advised that you contact the relevant Customs and Border Protection Agency ahead of travel, inform them of your intentions and ask how you can go about it in a way that conforms to the law, even better if you can get this in an email. Rules vary from country to country and although we can give you a broad indication of what the rules look like we would encourage you to inquire directly from customs for the countries you are flying in and out of.

How Safe is it to Buy Gold Online?

There are thousand of forums, websites, and threads that tackle this very question, so I’ll take all that they have to say and simplify it for you:

Use your wits, if it looks too good to be true, then it is.

Go with sites that have verified and reliable partners

Speak to someone at the company, pick up the phone and give them a call. There’s no better way to check out a company than talking to a real person with experience to quickly determine the validity of a company.

Engage in a conversation online, ask questions on the sites’ forum or contact pages.

Check related social media pages for comments and reviews from other buyers.

Most of all look for a good track record, a good track record doesn’t lie so go ahead and Google the company.

( Source: LPM Blog )